Lithium-ion Battery Market Revenue, Gross Profit, Business Distribution to 2021-2027

According to a new market report published by Transparency Market Research on the lithium-ion battery market for the forecast period of 2019–2027, the global lithium-ion battery market is expected to reach ~ US$ 41.5 Bn by 2027, expanding at a CAGR of ~ 9% from 2019 to 2027. In terms of volume, the global lithium-ion battery market is expected to reach 15,764.89 million units by 2027, at a CAGR of ~ 11% during the forecast period of 2019 to 2027. Asia Pacific held a prominent share of the global lithium-ion battery market in 2018.

Lithium-ion batteries power mobile phones, tablets, laptops, wearable devices, power banks, and other consumer electronic devices. Asia Pacific is the largest lithium-ion battery market in the world. The region has the largest consumer electronics and EV market, globally. Demand from these sectors is driving the sales of lithium-ion batteries in the region. In Asia Pacific, the value chain of the lithium-ion battery market is highly developed. Manufacturers in China, Japan, and South Korea, such as LG Chem, Samsung SDI, Panasonic Corporation, and BYD Group, are the dominant players manufacturing lithium-ion batteries for electric vehicles. Governments of China, Japan, and South Korea are investing heavily in lithium-ion battery technologies to maintain their lead.

China leads the lithium-ion market in the region. The large consumer electronics, EVs, and energy storage markets are driving the sale of lithium-ion batteries. Japan is a pioneer in the electronics industry. The Japanese automotive industry is an early adopter of EVs due to scarcity of oil. Rise in the sales of consumer electronic devices and EVs are increasing the demand for lithium-ion batteries. South Korea is a leader in the smartphone industry, and the rise in the sales of smartphones in the country is increasing the demand for lithium-ion batteries.

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North America has one of the largest consumer electronics and EV markets, and is the second-largest lithium-ion battery market in the world. The North America consumer electronics market was valued at ~ US$ 85 Bn in 2018, and is forecast to reach ~ US$ 108 Bn by 2023, expanding at a CAGR of ~ 6%. The rising consumer electronics market is driving the demand for lithium-ion batteries. Lithium-ion batteries are the heart of EVs. The region has opportunity for growth of EVs, as the penetration of EVs in the U.S., Canada, and Mexico is 2.4%, 2.3%, and 0.1%, respectively. The U.S. is the largest and the most prominent lithium-ion market in North America, followed by Canada.

Lithium-ion batteries are used in various energy storage applications, ranging from small capacity batteries used in residential systems with rooftop photovoltaic arrays to large capacity batteries used in complex energy grid systems. Rise in the demand for energy storage systems in the U.S. is driving the overall demand for lithium-ion batteries in the energy storage market in North America.

Europe is the third-largest market. Rise in the sales of consumer electronic devices and EVs is increasing the demand for lithium-ion batteries. The penetration of EVs in Germany, the U.K., and France is 2.0%, 2.1%, and 2.1%, respectively. Lithium-ion batteries are required to power all consumer electronic devices. The consumer electronics market in Europe was valued at ~ US$ 68 Bn in 2018, and is anticipated to reach US$ 89.5 Bn by 2023, increasing at a CAGR of ~ 7%. The sales of smartphones, tablets, and other consumer electronic devices are increasing the demand for lithium-ion batteries in Europe.

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MEA and South America are the smallest markets among all the regions.

Company profiles of the players operating in the lithium-ion battery market include company overview, major business strategies, and key developments. Companies profiled in the global lithium-ion battery market include BYD Company Limited, A123 Systems LLC, Panasonic Corporation, Samsung SDI Co. Ltd, Amperex Technology Limited (ATL), LG Chem, Ltd., Murata Manufacturing Co. Ltd., Toshiba Corporation, Clarios Power Solutions, and Maxell Holdings, Ltd.

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Emission Control Catalysts Market Projected to Garner Significant Revenues by Top Companies 2021

With the advent of emission regulation policies, such as the Euro standards in Europe, National Ambient Air Quality Standards in the USA and Bharat Stage emission standards in India, there has been a revolution in the production of emission control equipments, specifically catalyst based. Catalysts are used in gasoline or diesel based internal combustion engines. At the onset of the environmental emission regulations, catalysts were only made compulsory for automobiles but with the progress in technology and extent of emissions from production facilities across the world, catalysts were considered necessary for industrial and power plants as well.

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Emissions occurring from automobiles, heavy duty equipments and industrial plants, besides containing carbon dioxide, also possess certain other compounds, such as carbon monoxide, nitrous oxides and unburnt or partially burnt fuels, which are extremely hazardous for the environment. The regulations have been put in place to curb the emission of such compounds in order to protect the ecology. Catalysts curb the emission of such compounds, convert them to non-hazardous materials and then release them into the atmosphere.

One of the most important drivers for the market is the stringent environmental policies that have been adopted by various governments and environmental protection agencies. These directives guide the market to improve emission control technologies and make them standardized and compliant across the planet. Another driver is the continuous development of new and upgraded catalysts across the market that prompts automobile and industrial catalyst manufacturers to innovate, thus causing replacement of the older catalysts.

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On the other hand, catalysts face constraints in the form of being expensive to procure or replace. Additionally, since catalytic converters emit carbon dioxide after conversion of hazardous elements, they are faintly responsible for the increased amount of carbon dioxide in the atmosphere. But regardless of the pros and cons of catalysts, market opportunities lie in emerging markets, especially India and China that will affect the market in the near future.

Catalytic converters can be classified based on the application that they are being installed for and type of engine. Based on application, catalysts are industrial or automotive. Under the automotive segment, catalysts can be installed in passenger vehicles, trailers, buses, tractors and earth moving equipment and even aircrafts. For industrial use, the type of catalyst to be installed is decided based on the environmental norms imposed on the particular industry i.e. a petroleum refinery would need the highest grade of catalysts as compared to a food processing unit. Based on the type of engine, catalysts are different for internal combustion engines as compared to spark ignition ones.

Regionally, emission control catalyst market has seen the most growth from North America, due to the highest number of automobiles and industries existing in the region, specifically in the U.S. Due to stringent Euro standards; Europe has also seen increased demand for catalysts, mainly from Germany, Switzerland, Austria, Netherlands, Norway and the United Kingdom. The Asia Pacific expanse is currently seeing a rise in emission control catalyst demand due to the industrialization of emerging economies, essentially from India, China, Malaysia, Vietnam, Pakistan and Japan. Across the rest of the world, heavy demand can be witnessed from U.A.E., Oman, Saudi Arabia, Nigeria, Libya and Brazil.

Some of the companies involved in the manufacturing of control catalysts are: Tenneco Inc., DCL International Inc., KATCON Global, Eastern Manufacturing Inc., Bastuck GmbH &Co., Bosal Nederland B.V. and AirTek Inc.

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BFSI Security Market To Witness the Highest Growth Globally in Coming Years 2021-2024

Banking, Financial services and Insurance sector usually include insurance companies, commercial banks and cooperatives. Furthermore, it also includes non-banking financial companies, mutual funds and pension funds among others.

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The growing demand for integrated security solutions is one of the major factors driving the global BFSI security market. Furthermore, growing preference for a common security platform which reduces the cost and complications of financial services is also contributing to the positive growth of BFSI security market. Moreover, increasing mobile data usage and growing digitization is also stimulating the demand for BFSI security at the global level.

Stringent government regulations pertaining to data security along with increasing penetration of internet of things is also expected to have a positive impact on the BFSI security market. In addition, increasing number of cyber-attacks in BFSI sector in the last few years, the demand for security solutions and services has grown to protect confidential data in the BFSI sector. However lack of awareness about modern BFSI security systems across developing economies and the need for convergence of various security solutions are the major factors restraining the BFSI security market.

The BFSI security market can be segmented into three categories based on types, end use and region. By types the market is divided into physical security and information security. Physical security is further segmented into access control, video surveillance, intrusion and fire detection, physical security information management (PSIM), system integration, maintenance and support and design and consulting. Furthermore, information security segment is further segmented into identity and access management, risk and compliance management, encryption, disaster recovery, unified threat management (UTM), firewall, web filtering, data loss protection among others. By end use the BFSI security market is segmented into banking and insurance companies among others.

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By geography, the market is segmented into four major regions including North America, Europe, Asia Pacific and Rest of the world including Middle East, South America and Africa. North America and Europe are the early adopters of technology and hence accounts for majority of the market share and are expected to follow the same trend throughout the forecast period. However, Asia Pacific region is expected to be the fastest growing market for BFSI security owing to the presence of developing nations such as India, South Korea, Australia and China among others.

Rapid urbanization and increasing number of users on the online platform is one of the major factors fueling the demand in this region. Moreover, increasing demand for data security of the confidential data is also expected to have a positive impact on the demand for BFSI security market. In addition, due to changing financial regulations a large number of banking and financial institutions are expected to provide their service which in turn is also expected to contribute to the demand for BFSI security.

Some of the major players operating in the BFSI security market are Booz Allen Hamilton Inc. (United States), Computer Sciences Corporation (CSC) (United States), EMC Corporation (United States), Cisco Systems Inc.(United States), Honeywell International, Inc. (United States), Mcafee, Inc. (United States), IBM Corporation,(United States), Sophos Group PLC.(United states), Symantec Corporation (United Sates) and Trend Micro Incorporated (Japan) among others.

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Fishing Equipment Market Growth Potential Report 2021

The term of fishing refers to leisure, sporting and commercial activity is growing substantially popular worldwide due to the identification of fishing as a popular sport by many associations. Furthermore, increased backing of reputed organizations like American Sportfishing Association and others are making fishing activity more and more popular. In a bid to increase participation of common people in recreational activities like fishing many different associations are now emphasizing on various awareness programmes and promotional activities.

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Many a developed economies in the West such as the United Stated, United Kingdom are in the process of expanding their platforms of fishing thereby making an upgradation in the access of various water bodies for the purpose of fishing thereby making it an activity of social sport. As such, of late fishing has been gaining grounds and popularity besides canals and reservoirs and it has become important to come up with efficient and effective platforms on these various water bodies. The market for Fishing equipment can be comprise baits, flies, tools and pliers, lures, hooks, sinkers, tippers and swivels, reels, sinkers, rigs and poles.

The market intelligence study titled “Fishing Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” delves into the prospect of growth of the world market for fishing equipment. It also assesses the sequential growth of the said market over the forecast timeframe that extends from the year 2016 to 2024. The said report also includes various non-pervasive and pervasive inclinations have also been mentioned in the said report.

A thorough overview of the market with the analysis of Porter’s five forces has been offered so to present a clear and concise vendor landscape of the market to the reader. The study also points at acquisitions, corroborations, important conglomerates, mergers and numerous research and development activities. The companies that have been profiled in the report come with thorough examination based on their marketing strategies, prime products and market shares.

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Fishing Equipment Market: Trends and Opportunities

Depending on the type of technique of fishing, various different types of tools and equipment have been incepted, designed and created. Internationally, the market for Fishing is quite a broad one and the same is prophesized to continue with its sound rate of growth in the years to come. Due to the rapidly growing industry of food and beverages and an increased demand that is prevailing in the sea food segment, the industry of fishing is very likely to experience a jump in the forthcoming years.

The ever changing and evolving food habits of people worldwide is in all likelihood expected to facilitate the global market for fishing equipment as increasingly number of people make a shift towards many different types of fish and sea food consumption. The trend of going for non-vegetarian diet and increasing base of human population are also foreseen to bolster the demand for equipment for fishing in the forthcoming years. In addition to that, conservation of fisheries and fish recreational programs are obtaining worldwide prominence together with increasing spending by anglers worldwide.

Furthermore taxes are also being levied on fishing and fuel of motorboats. Fish come with a lot of medicinal benefits and more and more people are become aware of it, activities related to fishing are thus expected to see a surge over the forthcoming years, thereby bolstering the requirement for fishing equipment.

Fishing Equipment Market: Geography

The market research study on fishing equipment also includes regional analysis and segmentations of the said market. In accordance with the said study, the market spreads across the regions of the North America, Europe and Asia Pacific (APAC) and Rest of the World.

Of all the regions, the fish equipment market in APAC is expected to grow prominent with the increasing disposable income of the consumers coupled with a shift in dietary choices. More people in APAC are now opting for non-vegetarian diet.

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Rocket and Missile Market Competitive Research And Precise Outlook 2021 To 2027

The global rocket & missile market was valued at US$ 26,868.9 Mn in 2018 and is anticipated to expand at a stable CAGR of 3.6% from 2019 to 2027, according to a new report published by Transparency Market Research (TMR)  titled ‘Rocket & Missile Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ Advantages offered by rockets and missiles and increasing adoption of missiles have promoted growth of the global rocket & missile market. The market in Asia Pacific is likely to expand at a prominent CAGR during the forecast period, due to numerous technological innovations in rockets and missiles in the region.

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Advantages offered by rockets and missiles

In terms of product, the global rocket & missile market has been segmented into rocket & missile. The missile segment is anticipated to dominate the market with rise in the adoption of cruise missiles in military and other defense forces owing to high speed and high accuracy of missiles and continuous technological advancements in them. Defense forces of countries across the globe are increasingly preferring missiles over rockets in order to strengthen their national security, as missiles are highly effective in destroying the target with high precision and accuracy with the help of self-propelled and guided systems, whereas rockets are operated with the help of self-propelled yet unguided systems.

The rocket segment has been sub-divided into artillery rocket and air-to-ground rocket. The missile segment has been sub-segmented into cruise missile and ballistic missile. The missile segment is anticipated to expand at a significant CAGR from 2019 to 2027. The rocket segment is also anticipated to expand at a substantial CAGR during the forecast period.

Increasing adoption of cruise missiles and continuous advancements in technology

The cruise missile sub-segment is anticipated to dominate the missile segment of the global market from 2019 to 2027. Cruise missiles consist of precision guidance systems; they are capable of carrying heavy payloads; and they are fueled by aircraft propulsion systems. Furthermore, cruise missiles can be launched from land, sea, or air. Additionally, these missiles have capability to fly at a low level, close to surface of the earth so as to avoid getting detected from anti-missile systems. All these advantages offered by cruise missiles are leading to cruise missiles gaining traction among defense forces of several countries across the globe.

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The cruise missile sub-segment has been further divided into surface-to-air missiles, anti-ship missiles, anti-tank missiles, anti-submarine missiles, and others. Additionally, with significant investments in the development of hypersonic cruise missiles, the demand for cruise missiles is anticipated to increase during the forecast period. On the other hand, the ballistic missile sub-segment is expected to expand at a substantial CAGR between 2019 and 2027. Ballistic missiles fly above the earth’s atmosphere and hence, they need to be powered by a heavy power source or nuclear power source, which adds to their cost. However, the warhead carrying capacity of ballistic missiles is significantly high, which makes them the most lethal missiles. Thus, the ballistic missile sub-segment is anticipated to expand at a substantial pace during the forecast period.

Rise in adoption of rockets and missiles in developing economies to drive market

Based on region, the global rocket & missile market has been divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2018, North America held the leading share of the global rocket & missile market, followed by Asia Pacific. This can be primarily attributed to advancements in technology and increasing demand for manufacture of rockets and missiles across the globe. Owing to these factors, the market in North America is also anticipated to expand at a significant CAGR during the forecast period. The rocket & missile market in Asia Pacific is expected to expand at a rapid CAGR during the forecast period. China held a significant share of the market in Asia Pacific in 2018, followed by India. The market in India is estimated to expand at a prominent CAGR during the forecast period.

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Moreover, the market in Europe is anticipated to witness substantial growth throughout the forecast period, due to rise in the manufacture of rockets and missiles in various countries such as Russia, France, and Germany. Additionally, the market in Middle East & Africa and South America is expected to expand at a substantial pace between 2019 and 2027, due to rise in the government spending in major countries in these regions.

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Aircraft Battery Market Emerging Trends, Competitive Landscape and Forecast to 2025

A battery is a device containing single or multiple cells that convert chemical energy into electrical energy. An aircraft has a main battery and auxiliary power unit (APU) battery. The main battery activates the aircraft even before the aircraft engine has started. Main batteries are also used in refueling the plane. The main battery provides backup power to the aircraft in case of emergency power failure. Aircraft batteries help to power the electrical system in an aircraft. When the APU or engine starts, they drive the aircraft generator which power the aircraft’s electrical system and also recharges the aircraft batteries. APU also acts as redundancies in case of emergency power failure. Lithium ion batteries are used in main and APU batteries. These batteries are made of eight cells that produce ~32-V DC. Lithium ion batteries contain redundancies that help the aircraft to fly even in case of battery fault.

Rising demand for lithium ion based battery compared to nickel cadmium batteries are increasing the market size of the global aircraft battery market. For instance, aircraft manufacturer Boeing has selected 787 Lithium ion batteries for both main and APU batteries. This is expected to increase the demand for Lithium ion batteries that further drives the aircraft battery market. Nickel cadmium batteries are larger and heavier and less efficient than Lithium ion batteries.

Rising demand for military aircraft batteries are also driving the size of the aircraft battery market. With rise in demand for highly sophisticated aircrafts for defense forces, there is a need for advanced, light weight batteries for aircrafts. This is subsequently driving the demand for light weight aircraft batteries and increasing the market size of the global aircraft battery market.

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In terms of type, the global aircraft battery market has been segmented into Lithium based battery, Nickel based battery, and Lead acid battery. Lithium based batteries are also known as secondary batteries and can be recharged. Lithium battery cells consist of a graphite anode and a cathode that can accept and release lithium ion repeatedly for battery recharging. Nickel based batteries are of two types: Nickel Cadmium based battery and Nickel Metal Hydride. Nickel Cadmium batteries consists of cadmium hydroxide anode and nickel hydroxide cathode. Nickel Cadmium batteries are used in the main battery of the aircraft and other applications. Lead acid battery consists of lead oxide anode and element lead cathode. By application, the aircraft battery market is fragmented into engine operation, hydraulic operation, navigation, and lighting among others.

Geographically, the aircraft battery market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is a prominent market with the U.S. expected to be the largest aircraft battery market for both commercial and military aircrafts followed by Canada and Mexico. Europe is a major market for aircraft batteries.

The major markets in Europe are Germany, the U.K., France, Italy, and Spain. Asia Pacific is one of the dominant markets with China expected to the largest aircraft battery market in the region. Other significant markets in the region are Japan, South Korea, and India. Middle East & Africa is a significant market. GCC (Gulf Cooperation Council) is expected to be a major market in the region followed by South Africa. GCC consists of UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. South America is another significant market with Brazil expected to the largest aircraft battery market in the region.

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The major players operating in the global aircraft battery market are Tadiran Batteries, Sion Power, Saft, Cella Energy, Concorde Battery, True Blue Power, HBL Power Systems, GS Yuasa, Gill Battery and Aerolithium Batteries among others.

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LED Services Market Overview, Top Manufacture, Business Growth and Forecast to 2025

The world LED services market is projected to be highly competitive with many crucial market players vying to withstand the market competition with innovative product offerings and by improving the functionality of their already existing products. Sponsorship of industry events and various long term lighting contracts are some of the significant growth strategies for the success of this market.

One of the significant growth promoting elements of the world market for LED services is the demand for cost effective and energy efficient lighting solutions which are apt for a wide range of application segments. Integration of wireless communication technology with LED lighting and with the availability of LED lighting that is IoT-enabled make an offering of a whole new experience to the consumers as opposed to what is being offered by traditional lighting systems.

Some of the leading names in the world market for LED services are Cree Inc., LEDVANCE GmbH, Bright Special Lighting S.A., Thorlux Lighting, Endo Lighting Corp., Philips Lighting Holdings B.V., Global Light LLC, Reggiani SPA, OPPLE Lighting Co., Ltd, and KKDC Co. Ltd.

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In accordance with a report by Transparency Market Research, the world market for LED services is quite likely to expand at a growth of around 10.6% CAGR in between 2017 and 2025 for the said market to reach a market valuation of around US$ 22.42 bn by the year 2025 thereby rising from an earlier market valuation of around US$ 9.26 bn in the year 2016.

Europe is Estimated to Continue with its Regional Supremacy

The world market for LED services has been categorized into five major geographies of North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Europe occupied the leading position in the international market for LED Services amongst all other regions in the year 2016. Focus on lighting solutions that are energy efficient, development of infrastructure development, long term contracts, and the changing government regulations and policies are the major growth promoting factors behind the supremacy of this region.

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Taking revenue into consideration, the region of North America came as the second-leading market for LED services in the year 2016. Many favorable government regulations are in place for the purpose of switching to energy efficient lighting system and developed infrastructure that are resulting in increased adoption of LED solutions in the North American region.

Countries like India and China power Asia Pacific is expected to come up as an important market for LED services over the period of forecast.

Favourable Government Initiative to Fuel Market Growth

Amongst many of the factors that are propelling the progress of LED services market, the growing need for LED lighting services across a wide range of applications is particularly a crucial one. Specifically, augmented adoption of LED lighting in the sphere of public lighting has substantially impacted the world market for LED services. Encouraging regulations of various governments for the purpose of increased adoption of LED lighting solutions, growing environmental consciousness, and demand for energy efficient lighting are also playing in favor of the said market.

Another important element that is driving the progress of LED services market is the augmented investments from the various eminent players in the research and development activities to come up with new LED products and services. These new products are more cost effective and energy efficient and are manufactured to be suit the needs of a wide range of applications. In addition to that, development of smart cities and large scale projects of infrastructure development, particularly in emerging economies, are anticipated to create substantial demand for the world market for LED services.

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The information shared in this review is based on a TMR report, titled, “LED Services Market (Application – Residential, Public Lighting (Smart Lighting and Street Lighting), and Business Lighting (Government and Private)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”.

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