Resonant Power Converters Market Status and Business Outlook 2021-2031

 

• Resonant power converters have resonant LC networks in which the voltage and current waveforms vary simultaneously during the subintervals of the switching period. The variations are large in magnitude and the small ripple approximation does not apply.
• Resonant converters are the significant option for switching in high frequency applications. This technique is widely used in high frequency power conversion systems which leads to reduction in size, weight, and power losses.
• The resonant techniques have applications in a wide range of power electronic systems to assist in the device switching process. However, the most common application is high frequency DC to DC converters.

Increase in Industrial Applications of Resonant Power Converters

• Increasing industrial applications gave rise to growing efforts to enhance soft switching, smooth waveforms, high power density, and high efficiency features. Resonant power converters offer benefits such as suitability to high frequency usage and capacity to minimize switching losses as compared to hard switching conventional converters. This has endeared resonant power converters to industrial applications.
• In recent years, demand for power supplies has increased, resulting in the adoption of digital control in AC to AC and DC to DC power conversion applications. These factors are driving the growth of the resonant power converters market.

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Surge in Electronically Powered Applications

• Usage of electronically powered products which range from mobile phones, personal computers, and power supplies for space satellites is increasing. This is increasing the need for DC to DC power supplies. However, environment concerns and stringent government regulations may hamper the growth of the resonant power converters market.

Asia Pacific to lead the Global Market

• In terms of region, the resonant power converters market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• The resonant power converters market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period.
• This growth is attributed to a wide range of applications in consumer electronics, increasing disposable income leading to high demand for consumer electronics, increasing usage in electric vehicles, and many more factors, thus leading to increasing demand for resonant power converter products.
• The resonant power converters market in North America and Europe is also likely to witness significant growth due to presence of major players and focus on cost of production. The market in Middle East & Africa is likely to see slow growth rate.

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Key Players in the Global Market

The global resonant power converters market was highly concentrated. Prominent players operating in the global market are focusing on product launch and technological developments to meet the growing demand.

Key players operating in the global resonant power converters market include:

• STMicroelectronics
• John Wiley & Sons, Inc.,
• ROHM

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Welding Torch and Wear Parts Market Overview, Demand and Product Scope 2021-2030

Transparency Market Research delivers key insights on the global welding torch and wear parts market. In terms of revenue, the global welding torch and wear parts market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global welding torch and wear parts market.

In this market report, TMR predicts that the increase in production of passenger and commercial vehicles is anticipated to boost the welding torch and wear parts market during the forecast period. Rising disposable income and increasing road connectivity are some of the prime factors responsible for the growth of the welding torch and wear parts market. As per the statistics of International Automotive Industry, in 2019, passenger car production rate grew by approximately 2.4% compared to the previous year.

Welding Torch and Wear Parts Market: Dynamics

The growth in construction and manufacturing industries worldwide is anticipated to fuel the expansion of the welding torch and wear parts market. Construction and manufacturing industries are anticipated to drive the welding torch and wear parts market, due to extensive application of submerged arc, metal active gas, as well as manual metal.

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However, unskilled labor is a key restraining factor for the growth of the welding torch and wear parts market despite advancements in technologies to enhance efficiencies in welding processes, which have led to the sophistication of welding torches.

Nevertheless, increasing opportunities in untapped markets is anticipated to boost the welding torch and wear parts market. Regions, such as Asia Pacific, Middle East & Africa, and South America are experiencing robust demand for welding torch and wear parts, owing to increasing economic growth.

In terms of process under the welding torch and wear parts market, MIG/MAG process accounted for substantial share compared to TIG and Plasma processes. MIG/MAG processes are the most common and basic welding processes in the welding industry. MIG welding process finds extensive application across aluminum, stainless steel, and steel sectors compared to TIG processes that is ideally used for thinner surface metals.

Welding Torch and Wear Parts Market: Prominent Regions

Asia Pacific dominated the global welding torch and wear parts market, followed by North America. The dominance of Asia Pacific can be attributed to the presence of strong end-use industries. Additionally, the region is one of the manufacturing hubs of the world, which helps in its dominance of the welding torch and wear parts market.

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Welding Torch and Wear Parts Market: Key Players

Key players operating in the global welding torch and wear parts market include Ador Welding Ltd., Colfax Corporation, ABICOR BINZEL, Harris Products Group, American Torch Tip, Panasonic Industry, Bernard, Dinse, EWM AG, Fronius International GmbH, Migatronic A/S, Oximig, Parweld Ltd, Riconlas, SKS Welding Systems, Sumig, TBi Industries GmbH, Welding Engineers, The Lincoln Electric Company, Trafimet Group Spa, Uniarc, and Tokin Corporation.

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Automotive Decorative Control Panels Market Dynamics, Drivers, Research Methodology Forecast to 2030

 

• Demand for stylish vehicle interiors among the population is expected to drive the global automotive control panel market. The control panel provides the driver with operational knowledge of various systems installed in the vehicle.
• An entry level passenger vehicle usually has a basic control panel, consisting of a speedometer, tachometer, fuel gauge, climate control, engine temperature gauge, and indicator lights. However, luxury vehicles, utility vehicles, and sports cars have high-end technologically advanced systems such as complex electronics, sensing systems, touch screen entertainment system, tire pressure monitor, and seat belt monitor.
• Control panels are an integral part of motorcycles, airplanes, ship, and boats, beside passenger and commercial vehicles. It is imperative on the part of the driver to know the operations of each control system on the panel; however, information regarding the use and functions of each of the operations is usually displayed on the control panel.

Key Drivers of Automotive Decorative Control Panels Market

• Rise in demand for luxurious features among consumers across the globe is expected to drive the global automotive decorative control panel market. Changing consumer lifestyles and increase in consumer disposable income are boosting investments in high-quality entertainment systems in vehicles. SUVs and sedans are witnessing increased installation of modern automotive control panels to enhance in-vehicle esthetics.

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• Changing consumer lifestyles and shifting preference toward the usage of onboard infotainment systems in ride hailing services, such as Uber and Ola, are expected to provide lucrative opportunities for the automotive decorative control panels market. Customers in North America, Europe, and urban areas of Asia Pacific are utilizing onboard infotainment systems in public transport facilities to access information related to ride details and stream music during daily commute.
• Increase in number of strategic collaborations between automakers and dashboard system manufacturers is further fueling the automotive decorative control panel market. Major automobile manufacturers including Bentley, BMW, Audi, and Mercedes-Benz are partnering with dashboard and infotainment system manufacturers to incorporate modern decorative control panels into new vehicles, thereby boosting the market.
• The OEM sales channel in the automotive decorative control panels market is expected to expand considerably in the next few years due to an increase in number of strategic collaborations of dashboard manufacturers with OEMs. Several automotive systems including seatbelts, ADAS, collision warning systems, and lane departure systems have different notifications that are displayed on control panels. Decorative control panels help the driver identify the meaning of different notifications in the vehicle. Therefore, a rise in the demand for in-vehicle automotive systems such as driver assistance systems in autonomous vehicles is fueling the adoption of advanced audio systems.
• Rise in demand for luxury and comfort vehicles is expected to drive the global automotive decorative control panels market. Automakers launch/ adopt new and latest vehicle features and advanced technologies in vehicles to attract more number of consumers. These factors mentioned above are expected to drive the global automotive decorative control panels market.

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Automotive Decorative Control Panels Market: Challenges

• High initial cost is a major factor hindering the adoption of automotive decorative control panel. Expensive control panel increases the total cost of ownership of vehicles. These control panels are integrated with advanced components, such as sensors, and LED touch display, increasing the overall purchasing cost of the equipment.
• Consumers are highly inclined toward procuring essential consumer products such as groceries and healthcare products due to the spread of COVID-19. This has hampered the sales of automobiles, restricting the market in 2020 and posing several industry challenges.
• The automotive decorative control panels market is expected to witness a temporary slowdown in 2020 owing to the outbreak of COVID-19 pandemic across the globe. The sluggish expansion can be attributed to a decline in purchasing power of consumers.

North America and Europe together to account for major share of automotive decorative control panels market

• In terms of region, the global automotive decorative control panels market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America and Europe, cumulatively, are expected to account for a major share of the global automotive decorative control panels market.

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• High disposable income of the population and openness toward new technologies in these regions are propelling the automotive decorative control panels market. Rise in awareness about benefits of decorative control panel among consumers in countries across North America and Europe is further propelling the global automotive decorative control panels market in these regions.

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Automotive Catalytic Converter Market Strategies, Forecast and Top Manufacturers Analysis Report 2021

The global automotive catalytic converter market is anticipated to grow notably in coming years. The four leading players in the market include BASF Catalysts LLC, Eberspaecher GmbH Holding & Co. KG, Tenneco Inc., and Faurecia SA. These firms aggregately was estimated to hold around 52.6% in market in 2014. Upgraded emission control methods in automotives is one of the main strategies used by the players in the market to sustain in the competition in coming years. This leads to surge in investments in R&D This motive is translating into rising investments in research and development to manufacture products that cater to the stringent regulatory framework pertaining to emissions.

According to a recent report by Transparency Market Research (TMR), the global automotive catalytic converter market is estimated to expand at a steady CAGR 7.3% within the forecast period 2015 to 2021. In 2014, the global automotive catalytic converter market was valued around worth of US$105.59, and is likely to reach around worth of US$172.8 bn by 2021-end.

On the basis of type, the market is categorized into two-way oxidation catalytic converter, diesel oxidation catalyst converter, and three-way oxidation-reduction catalytic converter. Out of these types, three-way oxidation-reduction catalytic converter segment are majorly utilized in gasoline engines. In the upcoming years, the segment is foreseen to expand at a CAGR of 7.5%. Geographically, Europe region is likely to lead the global automotive catalytic converter market. Stringent rules regarding emission for example, euro VI and Euro V is the major factor driving the demand in this market. Moreover, the emergence of key manufacturers in nations for example the UK, and Germany and the U.K. has also contributed in the dominance of the mentioned region in the global automotive catalytic converters market. 

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Increased Concerns Regarding Global Warming to propel Market Growth

The surged demand for upgraded automatic catalytic converters has been on a rise because of the strict standards relating to emissions. The unsafe particles discharged by less productive catalytic converters have added to high contamination levels and made a negative effect on nature. In this manner, the increasing concerns regarding the global warming and increasing carbon impression of various nations have influenced governments to authorize strict emission regulations, which has made a positive effect on the automotive catalytic converter market.

On regional front, the global automotive catalytic converter market is segmented into Europe, South America, North America, Asia Pacific, and the Middle East and Africa. Among these regions, Europe is leading the global automotive catalytic converter market. Strict regulation for emission such as Euro V and Euro VI is the key factor driving the demand in this market. Moreover, the presence of leading manufacturers in countries like Germany and the U.K. has also made the region lead the global automotive catalytic converters market.

In addition, expanding automotive sector in regions like Latin America, Asia Pacific, and the Middle East and Africa has also created profitable growth prospects for the automotive catalytic converters market.  Increasing environmental concerns related to growing pollution and rising demand for better and environmental friendly electric vehicles has indirectly positively affected to growth in this market.

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The report has also analyzed some of the prominent players and their contribution to the global automotive catalytic converter market. Some of the leading players are Tenneco Inc., ASF Catalysts LLC, Faurecia SA., Magneti Marelli S.P.A., and Eberspaecher GmbH Holding & Co. KG.

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Farm Tire Market Growth, Trends, And Forecast, 2020-2025

The North America farm tires market features a highly fragmented competitive landscape. However the market features the presence of few well-established players having strong distribution networks. Also, these players have deeply penetrated into the farm tires market by introducing innovative and technologically advanced products. Companies are strengthening their position through mergers and acquisitions and continuously investing in research and development activities to come up with solutions to cater the customers’ requirement. For instance, Titan International Inc., introduced its new range of bias tires for skid steers in early 2017. These tires are targeted towards activities such as snow removal and landscaping, providing superior traction in snow, ice and mud.

Transparency Market Research estimates that the North America farm tire market, in terms of volume-wise sales, is expected to exhibit a moderate CAGR of 5.5% from 2017 to 2025, rising from 2,948 thousand units in 2016 to 4,750 thousand units in 2025. In terms of revenue, the market is expected to exhibit a more promising 11.9% CAGR over the said period, chiefly owing to the rising preference to radial tires.

 

 

Radial Tires to Witness Increased Demand in North America Farm Tires Market

In terms of type of tires, the North America market will witness the dominance of the segment of radial tires in terms of revenue generation while the segment of bias tires will continue to remain the leading segment in terms of sales volumes. The high costs of characteristically advanced radial tires will allow the segment to earn a larger share in the market despite lower sales over the forecast period. In terms of geography, the market in U.S. will continue to account for a larger share in the overall revenue of the North America farm tire market over the report’s forecast period.

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Demand for Higher Volumes of Food Products to Have Positive Influence on Market Growth

Rising demand for farm tractors and harvesting machinery is expected to help the overall farm tire market growth, as they are used for multiple purpose machines, including harrowing, plowing, tilling, and planting machines. Growing awareness regarding the importance of mechanization in in the agriculture sector for the maximization of output is aiding the growth of the market. Demand for technologically advanced tires such as with increased flexion (IF) and specialty farm tires such as combine tires, sprayer tires, and eco-friendly tires are further anticipated to contribute toward the expansion of the market during the forecast period.

Additionally, increase in demand for food and other related consumables, owing to the rising population of key markets in the region, and increased per capita income of farmers in North America are also likely to boost the sale of farm tires in the forecast period from 2017 to 2025. The market is also expected to benefit from the rising demand of tractors from hobby farmers.

Nevertheless, the trend of higher sales volumes of bias tires compared to those of radial tires, is expected to continue over the forecast period as well. The vast disparity in costs of bias tires and radial tires, with radial tires costing as much as 10 times the cost of bias tires of same dimensions, plays a major role in cost-sensitive farmers’ preferences. However, the segment of radial tires is steadily gaining traction, with its growth rate, in terms of volume, expected to be higher than that of the segment of bias tires over the report’s forecast period. In terms of revenue-wise growth, both the segments will remain equally competitive, expanding at CAGRs of 11.8% (bias tires) and 11.9% (radial tires) over the forecast period.

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U.S. Market to Continue to Contribute Massive Share in Revenue to North America Farm Tire Market

In terms of geography, the report examines the market for farm tire across the U.S., Canada, and the rest of North America. Of these, the U.S. is presently the leading revenue contributor to the North America farm tire market and the country will continue to hold its top spot owing to the larger scale of the agriculture sector as compared to other countries in the region and presence of several leading vendors. In terms of rate of growth, however, the market in Canada is expected to register a better pace of growth, in terms of both revenue as well as volume.

Some of the leading players operating in the North America farm tire market are BKT Tires USA Inc., Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Michelin, Mitas Tires Global Inc., TBC Corp., and Titan International.

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Natural Fragrance Ingredients Market Shares, Opportunities, Industry Trends and Forecast to 2024

Transparency Market Research has identified Givaudan SA, Firmenich SA., Symrise AG., and IFF as the leading players in the global natural fragrance ingredients market. The report suggests that these companies held a collective share of 56.5% in the global market in 2015. Most of these companies are expected to enter emerging economies to tap into the huge population base that is expected to show interest in commodities that are made from natural fragrance ingredients. According to the research report, the global natural fragrance ingredients market is expected to be worth US$5.3 bn by 2024 from US$3.3 bn in 2015. Between the forecast years of 2016 and 2024, the overall market is expected to expand at a CAGR of 5.8%.

 

Cosmetics to Remain Focal Point of Global Natural Fragrance Ingredients Market

“Of all the regions, the Europe natural fragrance ingredients market is expected to exhibit robust growth in the coming years. This regional market is expected to acquire a share of 29.74% in the overall market by the end 2024,” states the lead author of this research report. The remarkable growth of Europe will be attributable to the strong presence of leading companies. Meanwhile, changing consumer sentiment will tilt towards cosmetics, giving this segment a chance emerge as a leading segment between 2016 and 2024. The cosmetics segment will progress at a CAGR of 6.5% during the forecast period.

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Improving Standard of Living Coaxes Many to Buy Personal and Household Care Products

The rapid pace of urbanization and globalization have played a critical role in the development of global natural fragrance ingredients market. Developing economies and strengthening GDPs have allowed the consumers the chance to indulge in luxury products. Furthermore, it has given the overall population a chance to invest in personal care products as well as household care products. Thus, the growing demand for cosmetics has created several lucrative opportunities for the application of natural fragrance ingredients market. Today, these ingredients are being extensively used in a wide range of creams, soaps, lotions, car air fresheners, deodorants, perfumes, and several other products. The market is also benefitting from the rising demand for natural products over synthetic products as the latter are known to be harmful to both human body and the environment.

The rising standard of living has also had a positive impact on the trajectory of the global natural fragrances ingredients market over past few years. For instance, the demand for household care products has risen significant in the recent past and is expected to soar in the coming years due to the emerging economies in the region. The improved disposable income and the emergence of the mass middle class has also generated a noticeable demand for the natural fragrance ingredients through increased spending on a variety of personal and home care items. However, as leading manufacturers are trying to circumvent this issue by developing sustainability measures as a part of their core strategy to have continued supply of natural fragrance ingredients.

In terms of geography, the global natural fragrance ingredients market is segmented into North America, Asia Pacific, Europe, and Rest of the World. According to the research report, Europe holds a significant position in the global market due to the rising consumption of several consumers that require natural fragrance ingredients. The region is also benefitting from the strong presence of several leading players.

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The comprehensive analysis indicates that Asia Pacific will witness a rapid growth rate in the coming years due to emerging economies and growing demand for essential commodities pertaining to hygiene. The rising disposable incomes and increasing demand for wellness and other personal care items as well as household care products are expected to fuel the Asia Pacific natural fragrance ingredients market in the near future.

Some of the leading players operating in the global natural fragrance ingredients market are Takasago International, Firmenich SA, Givaudan SA, Huabao Intl., Symrise AG, and International Flavors and Fragrances.

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Snow Sports Apparel Market 2021 Size, Status and Business Outlook

While snow sports have been followed by large masses for a number of decades in the developed regions of North America and Europe, the growing popularity of Winter Olympics has only further added fuel to the market for snow sports apparel. Countries such as Norway, Austria, the U.S., France, Germany, Canada, Sweden, Russia, and Italy have been leading the ranking charts of snow sports since a long time, whereas Asian emerging economies such as Japan, China, and Australia are now also making a foray. Snowboarding, Ice Hockey, Alpine and Freestyle Skiing, Ski Mountaineering, Cross Country Skiing, Biathlon, and Ski Jumping are some of the most common snow sports played across the world. As per the findings of an up-to-date intelligence study by Transparency Market Research (TMR), the demand in the global snow sports apparel market will multiply at a healthy growth rate during the forecast 2017 to 2022.

Increased Recreational Expenditure Driving Demand

Increasing preference of outdoor recreational activities among the urban population, changing lifestyle, incremented recreational expenditure, and growing awareness among the masses regarding the physical and mental benefits of sporting activities are some of the key factors driving the demand in the global snow sports apparel market. Apart from the growing popularity of snow sports, the safety awareness among the players has increased significantly in the recent past.

As a result, increasing usage of protective gears such as shell tops and helmets is multiplying. In addition to that, consumer’s interest in nature-based gateways that offer competitiveness as well as leisure at the same time, has been steadily escalating and aiding to the global snow sports apparel market. With growing penetration of ecommerce, consumers are now able to research, compare, and buy the sporting gears of their choice. This factor is also augmenting the demand in the global snow sports apparel market.

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Winter Olympics 2014, held in Sochi, was broadcasted by 464 television channels across the world, with the TRPs touching new peaks. This competitive event is inspiring many youngsters and driving the demand in the global snow sports apparel market. The TMR report also detects that technological advancements is also favoring the demand-flow in the snow sports apparel market. For instance, synthetic ice rinks or waterless skating rinks make use of a polymer material for skating with regular metal-bladed ice skates. The synthetic skating rinks are manufactured by interlocked panels and do not require ice. Apart from being eco-friendly, these rinks can do without refrigeration equipment for creating a mechanically frozen skating surface, and consequently reducing the operational costs considerably.

The region of North America is estimated to dominate the global snow sports apparel market in terms of revenue in 2017, and the trend is projected to grow throughout the forecast period. The developed countries of the U.S. and Canada are identified as the chief demand-generators. The North America snow sports apparel market is the most attractive market, growing at a CAGR of 6.5% over the forecast period. TMR forecasts the North America snow sports apparel market to grow from US$ 397.8 Mn in 2017 to US$ 546.3 Mn in 2022. This represents a compound annual growth rate (CAGR) of 6.5% from 2017 to 2022.

The Europe snow sports apparel market is anticipated to increase at a CAGR of 5.3% over 2017-2022, to reach US$ 403.5 Mn by 2022. The valuation of Japan snow sports apparel market is projected to increase at a CAGR of 5.1% over 2017-2022, to reach US$ 88.2 Mn by 2022, whereas overall revenue from APEJ snow sports apparel market is anticipated to increase at a CAGR of 6% over 2017-2022, to reach US$ 296.2 Mn by 2022. MEA snow sports apparel market is expected to create absolute dollar opportunity of US$ 8.4 Mn between 2017 and 2022.

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Competitive Landscape Remains Consolidated as Companies Invest in Aggressive Marketing Strategies

Some of the key players currently holding a prominent position in the global snow sports apparel market are: Adidas, Nike, HotChillys, Volcom, UnderArmour, YakTrax, Champion, The North Face, Columbia, Black Diamond Equipment, Boll, Armada, Paradox, Burton, Mountain Hardwear, Dryguy, Giro, Oakley, Hanes, and Smith. The competitive landscape is moderately consolidated among these players, who each have a diverse product portfolio and depend on aggressive marketing strategies to maintain their stronghold over the market.

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