Tuesday, 26 November 2019

New Connection Segment to Register Significant Growth in Europe Shore Power Market

Growing number of cruise liners in the shipping industry to drive the growth of Europe shore power market

 According to TechSci Research report, “Europe Shore Power Market By Installation, By Connection, By Component, Forecast & Opportunities, 2024”, the Europe shore power market is expected to witness tremendous growth during the forecast period, as the execution of shore power reduces low-frequency noise and emissions at ports. However, huge installation & maintenance costs and high initial investment can hamper the market during forecast period.

Europe Shore Power Market

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The Europe shore power market is segmented based on installation, connection, component, company and country. Based on connection, the market can be bifurcated into new and retrofit. The new connection segment is expected to witness significant growth during forecast period since for the successful implementation of shore power the existing ships need to be retrofitted which involves huge cost and time when compared to a new connection. Based on components, the market can be fragmented into transformers, switchgear, converters, cables and others. The converters segment is expected to be the fastest growing one during forecast period since it allows a ship to be powered by the port’s electrical grid, even though the vessel may have a different operating voltage. Additionally, these converters save money and fuel by reducing the consumption of diesel. Also, they reduce air pollution caused by unnecessary engine run.

Siemens AG, Wartsila, ABB Ltd., Schneider Electric, Cavotec and others are some of the leading players operating in Europe shore power market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in May 2019, ABB was granted an agreement by the NorSea Group. The extent of the agreement incorporates shore-to-power innovation, which would bolster four of its bases along Norway's coast.

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 “Europe shore power market is expected to witness significant growth during the forecast period, owing to the rapid economic development in the region. Additionally, the increasing focus of European ports towards sustainability due to the growth in maritime industry, stringent emission regulations and mounting concerns over local air pollution is anticipated to further propel the market through 2024. Also, presence of major players such as ABB Ltd in the region gives an added advantage to the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Shore Power Market By Installation, By Connection, By Component, Forecast & Opportunities, 2024” has evaluated the future growth potential of Europe shore power market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe shore power market.

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 Mr. Ken Mathews
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Monday, 25 November 2019

Russia Tire Sales to Surpass 90 Million Unit Sales by 2025 – TechSci Research

Demand for tires in Russia is expected to increase at a moderate pace owing to expanding vehicle fleet size
According to TechSci Research report, “Russia Tire Market By Vehicle Type, By Demand Category, By Radial vs Bias, By Summer Tire vs Winter Tire, By Region, Competition, Forecast & Opportunities, 2025”, tire market in Russia is projected to cross 90 million unit sales by 2025, on account of recovering automobile sales, expanding automobile fleet size and consistently increasing tire prices in the country. Moreover, Russia’s Gross National Income (GNI) per capita has been witnessing a consistent rise over the last 10 years, which in turn has positively impacted the purchasing power of consumers in the country. Moreover, with expanding population base, rising purchasing power and growing infrastructural development, demand for tires in the country is expected to grow through 2025.

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In 2019, Russia tire market has dominated by passenger car tire segment, followed by medium & heavy commercial vehicle, light commercial vehicle, OTR vehicle and two-wheelers tire segments. Few of the prominent tire manufacturing companies in Russia include Michelin Russia and CIS, Continental Kaluga Limited Liability Company, Hankook Tire Rus Limited Liability Company, Bridgestone C.I.S Limited Liability Company, Nizhnekamskshina Joint Stock Company, Pirelli Tyre Russia Limited Liability Company, Nokian Tyres PLC, Altai Tyre Open Joint Stock Company, Belshina Open Joint Stock Company, among others. In 2019, Central region accounted for the largest market share in Russia tire market, followed by Volga Region, South Region & Crimean Region, Ural Region, North Region, Siberian Region, North-West Region and Eastern Region.
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“Increasing per capita income is the major factor fuelling demand for passenger cars in Russia. Moreover, increasing mining activities in the country are further boosting demand for OTR tires in the country. Also, growing Chinese tire penetration, increasing share of foreign tire manufacturers and rising online tire sales are expected to positively impact Russia tire market during 2020-2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Russia Tire Market By Vehicle Type, By Demand Category, By Radial vs Bias, By Summer Tire vs Winter Tire, By Region, Competition, Forecast & Opportunities, 2025” has analyzed the potential of Russia tire market, and provides information and statistics on market structure, imports and trends. The report intends in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyses emerging trends along with essential drivers and key challenges faced by Russia tire market.
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About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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Electric Bus Market to Witness Robust Growth until 2024 – TechSci Research

Rising environmental concerns coupled with increasing government investments in fuel saving technologies to drive global electric bus market through 2024
According to TechSci Research report, “Global Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, By Region, Competition, Forecast & Opportunities, 2024”, the global electric bus market is forecast to reach $ 350 billion by 2024. Electric buses are witnessing rising adoption owing to the increasing urbanization coupled with growing demand for alternate fuel based vehicles, rising air and noise pollution, advancements in the field of electric mobility, among others. Additionally, the subsidy allocation for purchasing these vehicles by governments in various economies would further fuel growth in the market. However, lack of technical awareness and high procurement cost are likely to hamper the growth of market.

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The global electric bus market is segmented based on seating type, battery type, application, bus length, region and company. Based on seating type, the market can be fragmented into up to 30-seater, 31-40-seater, and above 40. The 31-40-seater segment is expected to hold the largest market share during the forecast period attributable to compact body, ease of boarding and capacity of storing large volume of luggage. On the basis of bus length, the market can be categorized into 6-8m, 9-12m and above 12m. Of all, the 9-12m length segment is expected to continue its dominance during the forecast period, predominantly owing to preferred length, and consequently, higher adoption of 9-12 length electric buses for public transportation.
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“Asia-Pacific is expected to dominate and grow at the fastest rate during the forecast period, owing to the increasing investments in alternative fuel technologies in the region. Sales in Asia-Pacific are dominated by regional players. These companies have strong presence owing to well-established distribution channels. China is the largest producer and is investing heavily in 5th generation electric buses. Additionally, governments in various countries of the region are providing subsidies and tax benefits to electric bus manufacturers, thereby further propelling demand for electric buses.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. AB Volvo, BYD Company Limited, Daimler AG, Zhengzhou Yutong Bus Co., Ltd., Anhui Ankai Automobile Co. Ltd., Iveco S.p.A., Scania AB, New Flyer Industries, Dongfeng Automobile Co. Ltd., and GreenPower Motor Company Inc., among others are some of the leading players operating in global electric bus market.
“Global Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global electric bus market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global electric bus market.
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Asia-Pacific Electric Truck Market By Vehicle Type (LDT, MDT & HDT), By Type (BEV, HEV, PHEV & FCEV), By Range (Up to 150 Miles, 151-250 Miles, 251-500 Miles & Above 500 Miles), By Application (Logistics, Mining & Construction), By Country, Competition, Forecast & Opportunities, 2024
 About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
 Tel: +1-646-360-1656
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Thursday, 21 November 2019

Transportation Segment to Witness Significant Growth in North America Hydrogen Generation Market During Forecast Period


Growing demand for hydrogen in oil and gas refineries coupled with increasing demand for fuel cells in transportation and power generation industry is expected to drive the growth of North America hydrogen generation market over the coming years

According to TechSci Research report, “North America Hydrogen Generation Market By Delivery Type, By Storage, By Technology, By Application, By Country, Forecast & Opportunities, 2024”, the North America hydrogen generation market is expected to grow at a steady CAGR during the forecast period owing to the stringent government regulations to control the excessive use of fossil fuels. Additionally, the introduction of gas-based fuel cell vehicles is expected to further propel the market during forecast period. However, the high capital requirement for water electrolysis can hamper the growth of the market during forecast period. The cleaner way to produce hydrogen is water electrolysis, but the method is quite expensive and involves heavy electricity cost.  

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" North America Hydrogen Generation Market"

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The North America hydrogen generation market is segmented based on delivery type, storage, technology, application, country, company and region. Based on delivery type, the market can be divided into captive and merchant. The merchant segment is expected to dominate the market during forecast period on account of the increasing demand for the product in refineries and ability to supply hydrogen at competitive cost. Based on technology, the market can be categorized into steam methane refining, partial oxidation of oil, coal gasification, electrolysis of water and others. Steam methane refining is expected to rule the market during the forecast period since this is an advanced and mature technology for hydrogen production and it uses high temperature steam to produce hydrogen from conventional sources such as natural gas. Based on application, the market can be fragmented into petroleum refinery, ammonia production, methanol production, transportation, power generation and others. The transportation segment is expected to dominate the market during forecast period. This can be accredited to the increase in fuel cell vehicle sales including Fuel Cell Electric Vehicle (FCEV) and fuel cell buses in North America region.
Air Products & Chemicals Inc, Hydrogenics Corporation, Praxair, Inc., Nuvera Fuel Cells, Inc., Proton OnSite, Teledyne Energy Systems Inc., Ballard Power Systems Inc., FuelCell Energy Inc., Plug Power Inc., Xebec and others are some of the leading players operating in North America hydrogen generation market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in September 2018, Hydrogenics was awarded a contract to supply 6 heavy-duty fuel cell power modules for heavy-duty trucks in California, US. These trucks are a part of the California Air Resources Board’s “California Climate Investments” program, which is meant to enable the acceleration of low-carbon technology in commercial trucking applications.


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“The hydrogen generation market in North America is expected to witness exponential growth during the forecast period on account of the growing demand to decarbonize energy end-use and shifting trend towards cleaner and eco-friendly practices in the region. Additionally, government’s regulation for desulphurization is further anticipated to boost the market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“North America Hydrogen Generation Market By Delivery Type, By Storage, By Technology, By Application, By Country, Forecast & Opportunities, 2024” has evaluated the future growth potential of North America hydrogen generation market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in North America hydrogen generation market.

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Mr. Ken Mathews
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Automotive Memory Market to Grow at a Double-Digit CAGR Through 2025

Subsidies on purchase of LPG cylinders and lack of gas pipeline infrastructure to drive Asia Pacific LPG cylinder market through 2025
According to TechSci Research report, “Global Automotive Memory Market By Product, By Vehicle Type, By Application, By Region, Competition, Forecast & Opportunities, 2025”, the global automotive memory market is expected to grow at impressive rate during the forecast period on account of growing implementation of automotive microcontrollers in vehicles and other technological advancements in automotive electronics sector. Increasing demand for remote connectivity is contributing to the development of automotive telematics for offerings such as vehicle to vehicle & vehicle to infrastructure communication, which require microcontrollers and sensors for the transfer of information to other vehicles or nodes.

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Automotive memory market, globally, can be segmented based on product, vehicle type, application, company and region. In terms of vehicle type, passenger car dominated the automotive market and the trend is forecast to continue over the next five years as well. This is due to high demand for passenger car which can be attributed to increasing disposable income and growing middle-class population. Furthermore, growing traction of software driven features in latest vehicles is expected to boost the demand for automotive memory market through 2025.
Micron Technology Inc., Samsung Electronics Co., Ltd., Toshiba Corporation, Cypress Semiconductor Corporation, NXP Semiconductors N.V., Integrated Silicon Solution, Inc., STMicroelectronics, Texas Instruments Incorporated, Qualcomm Incorporated and MediaTek Inc., among others are the leading players operating in global automotive memory market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, during early 2019, Micron Technologies Inc. announced its collaboration with Qualcomm to enable 5G automotive platform for next generation vehicles.  
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“Asia-Pacific is expected to witness extensive adoption of automotive memory until 2025 due to high production and sales of vehicles in the region. Strict safety norms in countries such as India, China and Japan are contributing towards the increasing demand for greater safety, driver auto assist capabilities and communication between vehicles, which is elevating the average memory content per vehicles, contributing to the growing market size of automotive memory.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Automotive Memory Market By Product, By Vehicle Type, By Application, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global automotive memory market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global automotive memory market.
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