Clamp-on Ultrasonic Flowmeter Market Share, Growth, Statistics, Opportunities & Forecast to 2030

Transparency Market Research delivers key insights on the global clamp-on ultrasonic flowmeter market. In terms of revenue, the global clamp-on ultrasonic flowmeter market is estimated to expand at a CAGR of 8% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global clamp-on ultrasonic flowmeter market.

The global clamp-on ultrasonic flowmeter market is broadly affected by several factors, including maintenance-free design that offers longer service life and integration of advanced technologies. Thus, expanding applications of clamp-on ultrasonic flowmeters in different sectors is propelling the global clamp-on ultrasonic flowmeter market.

Integration of Advanced Technologies in Clamp-on Ultrasonic Flowmeters

Various advancements have been introduced in ultrasonic flowmeters over the past few years, such as wireless connectivity and compatibility with single and dual sensors. The electromagnetic induction technology is a good fit for liquid flow measurement despite some limitations related to non-conductive fluids. Once the ultrasonic flowmeter is calibrated with water, it can be used to measure other types of conductive fluid with no additional correction. In order to make the flow rate measurement easier and reliable, some manufacturers have already introduced new advanced technologies in the flowmeters for the benefit of customers. Some product range offered include battery-powered with local & remote display of flow rates in locations where equipment are exposed to different environmental elements.

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In June 2020, Badger Meter announced its Dynasonics UHC100 ultrasonic thermal energy meter, which is one of the first instruments to receive the new Canada Weights and Measures approval for use in liquid heating and cooling applications in Canada. Another important development in ultrasonic flowmeters is continuous instrument miniaturization. This can be attributed to the size of the flow element, as it needs to be bigger than the pipe or tube carrying the conductive liquid. Thus, different technological integrations in ultrasonic flowmeters, such as size miniaturization and digital portable ultrasonic flowmeters, are expected to have a high impact on market growth. These factors are impacting the clamp-on ultrasonic flowmeter market.

The high demand for the non-intrusive technology has led to large-scale adoption of clamp-on ultrasonic flowmeters in recent times due to which, a steady growth for the clamp-on ultrasonic flowmeter market is anticipated. However, clamp-on ultrasonic flowmeters lack the accuracy provided by other alternative ultrasonic flowmeters– a factor that could hamper their sales, particularly in the first half of the forecast period.

In addition, the demand for ultrasonic flowmeters is on the rise, as they comply with evolving industry regulations and standards. Players involved in the current clamp-on ultrasonic flowmeter market landscape are expected to focus on minimizing errors in flare flow measurement and reduce flowmeter inaccuracy to strengthen their foothold in the current clamp-on ultrasonic flowmeter market landscape.

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The outbreak of the COVID-19 pandemic is expected to have a moderate impact on the overall growth of the global clamp-on ultrasonic flowmeter market in 2020. Due to the temporary shutdown of various industries in China during the first quarter of 2020, the production of raw materials was affected as a result of which, the supply chain was predominantly disrupted. While the industrial sector in China opened toward the end of the first quarter, manufacturing and industrial sectors across the world witnessed minimal activity due to the stringent lockdown restrictions. The market is expected to show signs of recovery in 2021.

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Heat Interface Unit Market Development Plans, Future Growth and Geographical Regions to 2025

Heat Interface Unit (HIU) refers to the device which acts as an interface for transferring heat from one heating network to another. It is a system which conveniently cools or heats a fluid by rejecting sensible heat with the help of a heat exchanger, involving mechanical circulation by a pump. The heat interface unit makes heat available instantaneously for usage due to the appropriate technology.

A HIU efficiently delivers the heat to the desired destination. It acts as an electrically and hydraulically secure connecting mode for space heating and hot water systems, to primary heat supply network which enables better controllability and metering.  In recent years, the  HIU market has seen significant growth owing to the improved functionality of heat interface units, and its reduced installation and maintenance costs, as compared to other heating or cooling appliances. Heat interface units are installed in apartment complexes. It is convenient to use a central boiler to provide heating and hot water to the complex instead of using a boiler in each dwelling.

Thus, heat interface unit is used to resolve this issue as it serves as a bridge between the central boiler and the hot water systems of each apartment. HIU is equipped with heat meter which measures the amount of heat being utilized by the customer. The same concept is followed in the usage of HIU in district and community heating which involves heat supply from a central source to different destinations which may include offices, schools, shops, houses, apartments, and community centers. Using HIU in multi-dwelling buildings stops the use of gas for the same utility, which decreases the risks associated with gas distribution and saves costs. These types of usage drive the global heat interface unit market.

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The global heat interface unit market can be segmented in terms of product type, application, and region. On the basis of product type, the global heat interface unit market can be segmented into direct and indirect. Indirect HIU involves two-plate heat exchangers which provides  appropriate separation of primary and secondary circuits and enables proper isolation of maintenance of both circuits such as cleansing and inhibition of water of the circuits.

Thus, indirect HIU is readily used for all the applications. On the basis of product type, the global heat interface unit market can be segmented into household, industrial, and commercial applications of heat interface units. The residential applications of HIU is anticipated to grow significantly during the forecast period due to the increase in usage of heat interface units for multi-housing apartment buildings, and other residential buildings.

On the basis of region, the global heat interface unit market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America heat interface unit market is anticipated to proliferate owing to the initiatives of the U.S. government for energy-efficient products. These initiatives include district heating systems for new buildings as it reduces energy use and decreases the adverse energy-related environmental effects. Europe is another region having a significant market share in the global HIU market, as many heat interface unit manufacturing companies are located in this region, and a number of initiatives are taken for HIU implementation for various applications in France and the U.K.

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The global heat interface unit market includes various players. Some of the key players in the market are Alfa Laval, Dutypoint, Bosch, Honeywell, Intatec Ltd, Reliance Worldwide Corporation, Heatrae Sadia, ELCO Heating Solutions, Comap International, and many more companies.

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Automotive Steel Wheels Market Projected to Witness a Single-Digit CAGR During 2021-2027

According to the report, the global automotive steel wheels market is projected to reach ~US$ 13.4 Bn by 2027, expanding at a CAGR of ~3% during the forecast period. The can be attributed to the increase in production of heavy commercial vehicles and rise in usage of vehicle on off-road conditions. Moreover, expansion of automotive steel wheels market can be ascribed to the rise in urbanization in conjunction with increased construction, road infrastructure developments, and mining activities. Furthermore, an increase in the demand for mobility and transport is projected to boost the sale of passenger and commercial vehicles, which is likely to propel the market.

Expansion of Automotive Steel Wheels Market

Demand for steel wheels is rising, as they are more affordable than their counterpart, i.e. alloy wheels. A steel wheel does not crack under intense loading or while driven on rough terrain. Furthermore, a dent or deformation of the steel wheel can be easily rectified by hammering the material. This makes the steel wheel highly suitable for driving on rugged or uneven terrain. Therefore, steel wheels are majorly adopted in commercial vehicle and passenger vehicle.

Developments aimed at improving the performance of steel wheels, including weight reduction and invention of new coatings for enhancing corrosion resistance, are anticipated to propel the automotive steel wheels market globally. Furthermore, expansion of the manufacturing sector coupled with rapid infrastructure development, increasing logistics activities, and rising mining activities in order to cater to the increasing demand for raw material is driving demand for commercial vehicle worldwide, and these vehicles are a major market for steel wheels.

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Development by key players and advancements in technology and materials used during the manufacturing of steel wheels are likely to propel the market during the forecast period. For instance, the steel wheel coating technology developed by EverSteel wheels extends life of wheels up to 5 years. This type of coating is sought by consumers to prolong the life of steel wheels of their vehicle. Based on OEM, the global automotive steel wheels market has been segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment dominated the global automotive steel wheels market in 2019.

Passenger vehicles are majorly purchased to fulfil consumers’ requirement for transportation, while commercial vehicle are utilized for construction, mining, logistics, and other purposes. This fuels the demand for more affordable and durable type of wheels, suitable for heavy duty and off-road and driving in more rugged conditions. This, in turn, is boosting the global automotive steel wheels market.

Regional Analysis of Automotive Steel Wheels Market

In terms of region, the global automotive steel wheels market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the market for 2019 owing to high production of vehicle in the region and rising demand for vehicle from developing countries including Malaysia, Thailand, and the Philippines. The market in Europe and North America is anticipated to expand at a sluggish pace attributed to increased penetration of alloy wheels in the region. OEM manufacturers in the region are focused on the design and development of diverse alloy wheels. The market in Latin America and Middle East & Africa is projected to expand at a steady pace attributed to a rise in sales of used vehicle in Brazil, Argentina, Kenya, and Tanzania.

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Prominent players operating in the global automotive steel wheels market include Accuride Corporation, ALCAR WHEELS GMBH, Automotive Wheels Ltd, Central Motor Wheel of America, Inc., CLN Coils Lamiere Nastri SpA, Klassic Wheels Limited, MAXION Wheels, Steel Strips Group, THE CARLSTAR GROUP, LLC., Thyssenkrupp AG, TOPY AMERICA, INC., U.S. WHEEL CORP., and Yantai Baosteel Wheel Co.,Ltd.

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Automotive Seat Belt Pretensioner Market Analysis Reveals explosive growth by 2027

Transparency Market Research has published a new report titled, ‘Global Automotive Seat Belt Pretensioner Market (Technology: Retractors, Buckles, and Anchors; Seat: Rear and Front Seat; Vehicle: Passenger Vehicles and Commercial Vehicles) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global automotive seat belt pretensioner market is projected to surpass US$ 6 Bn by 2027, expanding at a CAGR of above 5% during the forecast period.

Automotive Seat Belt Pretensioner Market: Overview

According to the report, the global automotive seat belt pretensioner market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the automotive seat belt pretensioner market in the region expanding at a CAGR of more than 5% between 2019 and 2027.

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• An automotive seat belt pretensioner retracts the seat belt to remove excess slack, almost instantly, upon sensing that the vehicle has crashed, typically by firing a pyrotechnic device. There are various types of automotive seat belt pretensioners, which are mostly installed in combination with other components of the seat belt system, such as retractors, buckles, and anchors.
• In most cases, pyrotechnic pretensioners are used, which explode on sensing a sudden force, and retract the webbing of the seat belt to hold the occupant firmly on the seat. Other types of automotive seat belt pretensioners are motorized and mechanical pretensioners.
• Motorized pretensioners are used in active seat belt systems, and can be used multiple times, whereas pyrotechnic pretensioners require replacement once the pretensioner is activated. The mechanical pretensioner is an obsolete technology, and is used very rarely in modern vehicles.

Growth of the Automotive Seat Belt Pretensioner Market

• Road traffic injury is presently one among the leading causes of the death of children and young adults (aged 5 to 29 years), signaling the need for a shift in current road safety standards. Motor vehicle crashes currently represent the eighth-leading cause of deaths, globally.

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• According to the World Health Organization (WHO), deaths from road traffic crashes have increased to 1.35 million a year, which is nearly 3,700 people dying on the world’s roads every day.
• A majority of drivers and passengers who lose their lives in motor vehicle crashes do not use the seat belt. The belt reduces the impact in case of a frontal collision, and helps avert fatal injuries. Hence, mandates by governments on the seat belt system are likely to create a positive impact on the automotive seat belt pretensioner market during the forecast period.

In terms of technology, the global automotive seat belt pretensioner market has been divided into retractors, buckles, and anchors. The retractors segment is likely to be a major market shareholder in the automotive seat belt pretensioner market, as most manufacturers prefer installing the pretensioner along with the retractor unit, since a combination of the retractor and pretensioner possesses a higher retraction force to hold the occupant firmly on the seat. The

buckle is another preferred combination for installing an automotive seat belt pretensioner, after the retractor. In some buckle pretensioners, mechanical pretensioners are used to retract the seat belt in case of sudden deceleration of the vehicle.

Based on seat, the automotive seat belt pretensioner market has been divided into rear and front seat. The front seat segment is likely to hold a large share in the automotive seat belt pretensioner market, as pretensioners are installed in most of the front seats; on rear seats, only premium vehicle manufacturers provide pretensioner-equipped seat belts.

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The adoption of high technology seat belts is likely to boost the market for automotive seat belt pretensioners over the forecast period. The adoption of advanced technology seat belts that are more expensive than those incorporated in rear seats contributed to the high market share held by the front seat segment in the automotive seat belt pretensioner market 2018.

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Locomotive Front Lighting System Market Trends, Growth opportunities and Demand Forecast, 2025

Lighting systems are primarily used for offering visual convenience, especially during night travels, in areas of low light and for demonstrating various signals in a locomotive. The lighting systems for locomotives are dissimilar from the traditional lighting systems that are used in automotive, marine, or aircraft. The locomotive front lighting systems require to function efficiently in harsh weather conditions such as fog and snow, where the likelihood of the lamp getting covered with ice or snow is very high. Additionally, the locomotive headlamps are conditional on vibrations generated by the locomotive.

Therefore, the locomotive front lighting systems are prepared to withstand vibrations and offer illumination as well as indicating. The European Commission has framed a number of regulations for the electronic parts used for locomotive lighting systems as well as for the luminosity of the locomotive front lighting system.

One of the factors for growth of the locomotive front lighting system market is the rising inclination for energy efficient transport. Inconsistent petroleum fuel prices and increasing road congestions are leading to time and fuel wastages. The budget of freight transport by road is also heightened by cargo delay as well as productivity loss coupled with jammed traffic gridlocks. Moreover, freight transport by locomotive is fuel efficient and has the ability to transport larger capacity of load along with lesser emissions compared to road transport. Therefore, transportation of freight through rail is gaining traction, thereby augmenting the demand for locomotives and subsequently propelling the locomotive front lighting system market in turn.

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The installation of permanent ditch lights is another key driver of the global locomotive front lighting system market. These lights are much more economical than the oscillating lights and ditch lights have been proven to be more effective in enhancing the visibility of the locomotive by way of forming a triangle of light by its location, below the main headlamps. The Federal Railroad Administration (FRA) has implemented guidelines for installing ditch lights as an obligatory accessory on trains and it imposes a penalty on trains not using ditch lights.

The global locomotive front lighting system market can be segmented by application, and region. In terms of application of locomotive front lighting system, the global market can be segregated into diesel locomotive, and electric locomotive. The diesel locomotive segment accounted for the maximum market share in 2016 owing to its robust presence in the locomotive market. Factors including the ability of the these locomotive to travel on both electrified and non-electrified rails while the amenities of electric locomotives are restricted only to the electrified rails are likely to fuel the growth of the diesel locomotive front lighting systems market during the forecast period, subsequently driving the growth of the overall market.

By region, the global automotive winches system market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  The Asia Pacific region is likely to grow at a considerable rate during the forecast period. The growing focus of the developing countries in the region such as China and India towards lessening their dependence on roads in order to cut pollution and transport costs is likely to propel the demand for electric as well as diesel locomotives, and this is expected to be a major factor propelling market growth. Moreover, the developments in locomotive technologies, especially in China and the rising demand for economical transportation facilities in countries like India, will drive the progress of the locomotive front lighting system market in the region in the coming years.

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The locomotive front lighting system market is highly competitive in nature owing to the presence of a few key players who are well recognized in the market. The key players operating in the global locomotive front lighting system market include OSRAM SYLVANIA, General Electric, AMGLO KEMLITE LABORATORIES, Philips, TransLight Corp., and Railhead Corporation.

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Fully Automatic Beverage Machines Market Business Planning and Competitive Outlook Forecast 2021-2027

 

• The global fully automatic beverage machines market was valued at ~US$ 6.7 Bn in 2018, and is expected to expand at a CAGR of ~6% from 2019 to 2027. The global fully automatic beverage machines market is expanding significantly, in terms of size and value. The demand for out-of-home (OOH) coffee is fueling the need for fully automatic coffee vending machines and other fully automatic beverage machines.
• The fully automatic beverage machines market in Asia Pacific is growing rapidly, as a result of urbanization and development in mid-sized cities (tier II or tier III), expansion of a number of outlets/local coffee chains into multinational companies, and the easy availability of products.
• The fully automatic beverage machines market in Europe accounted for ~40% share of the global fully automatic beverage machines market in 2018, followed by Asia Pacific and North America. The Europe fully automatic beverage machines market is anticipated to maintain its dominance during the forecast period. This can be attributed to the presence of world leading manufacturers of fully automatic beverage machines in the region.

Fully Automatic Beverage Machines Market: Driving Factors

• Increase in the demand for fully automatic beverage machines from universities, colleges, and offices in Asia Pacific countries is fueling the growth of the fully automatic beverage machines market in the regions. The installation of fully automatic beverage vending machines in colleges in China is increasing at a fast pace, and is likely to grow during the forecast period. The growth potential of the OOH coffee segment is evident, with Coca-Cola completing the acquisition of U.K.-based global coffee brand ‘Costa Coffee’ from Whitbread PLC for US$ 5.1 Bn on January 3, 2019.

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• Fully automatic vending machines are a prominent channel through which Costa Coffee is consumed across the world. The company had over 8,000 automatic vending machines to serve coffee. Thus, rise in the global demand for OOH coffee is fueling the demand for fully automatic coffee and other beverage vending machines across the world.

Fully Automatic Beverage Machines Market: Key Challenges

• The taste preferences of consumers for beverage are changing with respect to geography and demography, thus restraining the fully automatic beverage machines market.
• It has been observed that, the population in North America and Europe prefer to purchase healthy drinks from fully automatic beverage machines. However, carbonated soft drinks are popular in other regions.
• Manufacturers of fully automatic beverage machines are selling different products as per region to increase their market reach.
• The manufacturing cost of fully automatic beverage machines is high, and selling different types of fully automatic beverage machines in different locations has become a challenge for them.

Fully Automatic Beverage Machines Market: Competitive Landscape

• The fully automatic beverage machines market includes several players that are focused on the development of new products to cater to market demand.

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• The report includes the below-mentioned pointers of major players operating in the fully automatic beverage machines market:
  • Company Overview
  • Product Profiling
  • Market Share Analysis (2018)
  • Product Innovation
  • Business Strategies/Recent Developments
    • Technological Advancements
    •  Key Mergers & Acquisitions
    • Expansion Strategies
  • Company Financial

Major players operating in the fully automatic beverage machines market include ABB Group, Aichi Electric Co., Ltd., Ametek, Cummins Group, Franklin Electric, Generac Holdings Inc., Hitachi Industrial Equipment Systems Co., Ltd, Johnson Electric, Lunar Motors Pvt. Limited, Mitsubishi Electric Corporation, Nidec Corporation, Ningbo Haishu Kingo Motors Factory, Sanyo Denki Co. Ltd., Regal Beloit Corporation, Siemens AG, TECO Electric & Machinery Co. Ltd., TECO Electric & Machinery Co. Ltd., Vestas, and WEG Industries.

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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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