febbraio 2023 - Business NewsWire

How Do Government Initiatives Propel Road Traction of Electric Cars in India?

Electric cars are also known as battery-electric vehicles. These cars are equipped with electric motors in place of the internal combustion engine. It requires a large traction battery pack to power up the electric motor. It needs to be plugged into the wall outlet or charging equipment. It is also known as the electric vehicle supply equipment.

Moreover, it runs on electricity. The vehicle captures no tailpipe exhaust, and it does not contain any typical liquid fuel components, including a fuel line, fuel pump, or fuel tank.

Major Components of All Electric Car

Battery: An electric drive vehicle is equipped with an auxiliary battery that offers electricity to power vehicle accessories.

Charge Port: The charge port facilitates the vehicle to connect to the external power supply for charging the traction battery pack.

DC/DC Converter: It converts the higher-voltage DC power to the lower-voltage DC power from the traction battery to facilitate powering the vehicle accessories and recharging the auxiliary battery.

Electric Traction Motor: It utilizes the power from the traction battery pack to drive the wheels of the vehicle. Several vehicles may utilize motor generators to perform both drive and regeneration functions.

Onboard Charger: It consumes the incoming AC electricity supplied through the charge port, and converts the DC power to charge the traction battery. It also interacts with the charging equipment and monitors the characteristics of the battery, such as current, voltage, temperature, and state of charge during the charging of the pack.

Power Electronics Controller: It manages the electrical energy flow delivered through the traction battery and controls the electric traction motor speed, and torque produced by it.

Thermal System (Cooling): It maintains the proper operating temperature range of the engine, power electronics, electric motor, and other components.

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India Electric Scooters and Motorcycles Market IS Dominated by Uttar Pradesh

The total revenue generated by Indian electric scooter and motorcycle market was USD 893 million in 2022, and it will power at a rate of 27.30% in the coming years, to touch USD 6,161 million by 2030.

Furthermore, the incentives delivered under the FAME-II scheme would additionally make these vehicles feasible for the common people.
Electric scooters, especially medium-speed models, will rule the industry. The obtainability of a substantial number of e-scooter models in this speed range, their low cost, along with feasibility compared of the conventional gasoline- driven mopeds are powering their sales in India.

India Electric Scooters and Motorcycles Market

48V batteries are the most-prevalent power source, with more than 80% share in the recent past. Scooters with 48V batteries are a rational buy when we look at the range, cost-effectiveness, and safety, which is the reason the category will remain dominant in the years to come.

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Furthermore, with the increasing demand for higher speeds and longer driving ranges, the electric two-wheelers with 60V batteries share will rise in the years to come.

UP dominates Indian electric scooter and motorcycle market, with the use of electric variants also unceasingly increasing, as per a market research firm, P&S Intelligence. The need for these vehicles from the key tier-2 and tier-3 cities is on the rise.

Additionally, as a result of the high potential of growth in this state, the key OEMs’ lay emphasis on increasing their share, with the expansion of their dealership network, is helping the growth of the industry.
The Union government is supporting the EV industry by offering subsidies on the acquisition of these kinds of vehicles. These subsidies have basically made battery-powered scooters and motorcycles more feasible for the customers. Few of the supportive initiatives are purchase rebates, tax exemptions, and financial incentives to EV buyers.

It is because of the increasing requirement for energy efficient commute in the country, the need for electric scooters and motorcycles on the roads of the country will continue to rise in the years to come.

Why Are Overnight Electric Bus Charging Stations Popular in U.K.?

In June 2018, BYD Co. Ltd. (BYD) received an order for 37 BYD-ADL Enviro400EV double-decker electric buses from Transport for London (TFL); the company delivered the first five in July 2019. In all, 2018 saw the procurement of over 130 electric buses in the U.K., which was a massive increase of 55% from the last year, and by year-end, 300 such automobiles were operational in the kingdom. Considering such an increase, P&S Intelligence has forecast the U.K. electric bus charging station market to grow from $13.3 million in 2018 to $95.5 million by 2025, at an explosive 30.7% CAGR between 2019 and 2025.

The EVSE comes in a range of power outputs, including <50 kilowatts (kW), 50–150 kW, and >150 kW. Among these, <50 kW electric bus charging stations have found the widest adoption in the kingdom till now, as they are cost-effective. However, they charge the buses rather slowly, which can be problematic for transit companies. Since buses need to operate for long hours in order for transit firms to make money, grounding them for slow charging can be counterproductive. This is why the installation of >150 kW charging stations is set to rise massively in the coming years.

However, the most important reason behind the advance of the U.K. electric bus charging station market is the rise in the sale of electric buses. Diesel buses, just like any other internal combustion engine (ICE) automobile, lead to heavy emissions of greenhouse gases (GHGs), which are notorious for polluting the air and causing breathing-related diseases. Moreover, the heavy consumption of diesel is leading to the depletion of crude oil resources, which is why replacing conventional buses with clean-energy variants has become necessary.

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As a conventional automobile cannot work without gasoline or diesel, EVs cannot work without electricity. And, the lack of charging stations around the world has been one of the biggest factors discouraging people from purchasing EVs. This is why the installation of EVSE has picked up pace in the kingdom, with governments, automakers, and utility companies coming together to achieve the objective. For instance, InvertedPower Pty. Ltd. and Heliox B.V. began collaborating in June 2019 to install SprintCharge, a battery-buffered electric bus charging station.

Hence, as more electric buses are procured in the U.K., the number of charging stations is bound to go up.

Overview About India Mold Release Agent Market

In order to stop a substrate from adhering to a molding surface, mold release agents are utilized. The casting material would bond to the mold without a mold release barrier. This may significantly impact the quality and efficiency of the molding procedure.

India’s market for mold release agents has a bright future since there are prospects in the rubber, die casting, tire, plastic, concrete, and food processing industries. Mold release agents are increasingly being used in die casting, tire, and plastic applications, which is one of the main development factors for this industry.

Emerging trends like the increasing switch to water-based release agents and the rising popularity of baked goods made without gluten directly influence the dynamics of the mold release agent market.

Influencing Factors for Indian Mold Release Agents

The main trend in the industry over the past few years has been moving away from solvent-based mold release agents and water-based mold release agents. Water-based mold release solutions don’t include any solvents or dangerous chemicals that might endanger the environment or people.

Because there is such a sizable untapped market in India, the electrical and electronics industry there has tremendous development potential. The sector is anticipated to increase as a result of rising disposable incomes and increasing demand for technological goods.

Due to the accessibility of cheap labor, global players are also looking to invest in India for electronics R&D and manufacturing.

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Indian Mold Release Agent Segmentation Analysis

Mold release agents that are water-based predominate on the market in terms of kind. In contrast to solvent-based mold release agents, water-based mold release agents have a low concentration of mutagens, VOCs, and carcinogens.

In the upcoming years, strict limits for VOC emissions are anticipated due to the rapid rise in environmental concerns. This will certainly encourage the development of water-based mold release agents.

Historically, the market was controlled by polyurethane processing. This is attributed to the significant volumetric need for polyurethane-based products from sectors including the construction, automotive, and footwear industries.

Browse Full Report India Mold Release Agents Market Top Companies, Trends

APAC is Dominating Nitrile Butadiene Rubber Market

The nitrile butadiene rubber market has captured $2,170.8 million in revenue in 2021, and it is projected to advance at the rate of 4.6% from 2021 to 2030, to capture $3,258.9 million in revenue in 2030, as per a research report by a P&S Intelligence. This is accounted to the snowballing demand for this material from the medical, automotive, oil, and gas industries, which need oil resistance.

In 2021, China dominated the regional market as the largest stakeholder, because of the increasing need for this material from the automotive sector. The nation is also one the biggest manufacturer of both consumer and industrial goods globally.

In 2021, the automotive industry had the largest share nitrile butadiene rubber market at approximately 38.8%. NBR has applications in automobile injection-molded and lathe-cut seals, cables, O-ring seals, and other components that require to handle extreme corrosion and temperatures.

The O-rings aid in sticking the joints between two parts and avoids leakage within the car. With the growth in the acceptance of EVs, coupled with technological enhancements, the automotive industry is observing growth, which will eventually propel the industry.

The Hoses category is projected to grow at the highest pace of around 5% in the coming years. Manufacturers can make innovative items such as nitrile buna-N rubber’s properties can be changed by changing the quantity of acrylonitrile. If wanted it can be more elastic, more abrasion resistant, more heat resistant, and very tough to break.

Therefore, the snowballing demand for this material from the medical, automotive, oil, and gas industries, which need oil resistance will drive the nitrile butadiene rubber market in the future.

To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/nitrile-butadiene-rubber-market/report-sampleNitrile Butadiene Rubber Market Growth Drivers Impact Analysis

Rising Prevalence of HAIs Propels Medical Device Coating Industry

The medical device coating industry has garnered $7,861.4 million revenue in 2021, and it is projected to rise at a 7.6% CAGR from 2021 to 2030, to generate $15,165.9 million revenue in 2030.

The industry expansion is attributed to the growing awareness on minimally invasive device usage, ascribed to their high success rate. In addition, the rising frequency of healthcare-associated infections, including ventilator-associated pneumonia, and catheter-associated urinary tract infections propels the antimicrobial coatings on medical devices.

The rising elderly population, surging healthcare-related challenges, and growing demand for implants boost the industry growth. In addition, the rising requirement for early detection of diseases is projected to boost the medical device demand, which is projected to fuel the industry growth in the near future.

The healthcare-relevant devices provide patient safety, and hence it is essential for manufacturers to offer the infection-resistant and best-suited material for implants and devices. The metal-based coatings on medical devices hold the largest industry share, due to their wide usage. They are projected to experience the fastest growth, of approx. 7.9% in the coming future.

The metals used in coating materials such as silver for titanium for orthopedic implants, silver for implantable devices, and gold for cardiovascular stents. Similarly, ceramic-based coatings decrease device-associated costs, including forceps, spatulas, scissors, and specific implants.

The R&D in bio-ceramic technology is projected to improve ceramic-coated implants, which are highly durable and low-cost.

The FDA and other regulatory authorities are increasingly focusing on coated medical devices, led by growing prevalence. Manufacturers adopt measures to enhance device safety, including appropriate coatings incorporation, and thus cause industry propulsion.

North America holds the largest industry share, and it is projected to generate $5,408.5 million revenue in 2030. It is ascribed to rising improvement in medical device technology and easy access to better equipment and care. In addition, the rising penetration of healthcare facilities, such as diagnostic centers, and surging investments in healthcare R&D, result in a boom in the industry in the region.

Therefore, the rising prevalence of HAIs fuels the medical device coating industry’s growth.

Gain insights into the medical device coating industry key players, and growth opportunities

Rising Incidence of Road Accidents Fuel Demand For Orthopedic Biomaterials

The orthopedic biomaterials have garnered $14.2 billion revenue in 2021, and it is projected to rise at the rate of 9.5% from 2021 to 2030, to generate $32.2 billion revenue in 2030. The reconstructive joint replacements category holds the largest industry share, rising at a rate of 9.2% in the near future, to generate $4.02 billion revenue in 2030. It is ascribed to the rising incidence of late-stage and joint damage osteoarthritis.

Patients usually prefer to be treated at hospitals, due to the accessibility of modern therapeutic and diagnostic methods, without admitting to the hospital.

The non-metal category, including polymers and ceramic capture a substantial industry share, of 59.7%, and it is projected to experience faster growth, of 9.9% in the coming years. It is led by growing hard tissue restoration application of ceramics in numerous procedures, and wide usage of polymers as bone cement and load-bearing surfaces in total joint arthroplasties.

Furthermore, an increasing incidence of interbody fusion procedures and spine surgeries will fuel the requirement for non-metallic orthopedic biomaterials in the near future. The increasing usage of pedicle screws and synthetic cages in fixation operations boosts the orthopedic biomaterials industry growth.

These products are increasingly used to propel the allografts’ fusion rate. Moreover, the accessibility of sophisticated traditional biopolymers for various applications, including orthobiologic tissue fixation, and bio-resorabable has fuelled the demand for polymer worldwide.

The orthobiologics category is projected to experience the fastest growth in the coming years, ascribing to the rising number of bone repair, and reconstruction procedures worldwide, which results in the growing prevalence of trauma and obesity.

Around one million people succumb to death worldwide each year due to road accidents. This accounts for 90% of the deaths in low- and middle-income countries.

The surging musculoskeletal problems are projected to fuel the orthopedic biomaterials industry growth. The worldwide major cause of disability is musculoskeletal diseases. Around 20% to 30% of the population suffer from these disabilities.

The major musculoskeletal problems are fractures, ligaments, tendons, swelling, and soreness in the joints that impact mobility. The rising incidence of musculoskeletal disorders is led by the increasing elderly population.

Furthermore, the success rate of implantation is high, according to research. It is the major driver of the rising demand for medical implants. Therefore, improvement in surgical outcomes is projected to worldwide fuel the orthopedic biomaterials industry, in the coming years.

Therefore, the high success rate of surgical implantation propels the demand for biomaterials industry.

“Get Insights into the Orthopedic Biomaterials Market Growth“

Charging Ahead: The Growth of the Electric Vehicle Battery Swapping Market

It is possible to swap the batteries of the electric vehicles without touching steering wheel, with autonomous reverse of electric car into the charging station. This technology is widely used in China.

NIO believes that swapping out the entire battery lure customers who stay worried about electric cars range, or those who don’t like queuing for recharging their vehicles.

NIO’s battery swapping station located at Norway can swap 240 batteries a day, and the company plans to establish 20 more stations in the country. The firm partnered with the energy giant Shell to establish 1000 stations by 2025 across the Europe.

Electric Vehicle Battery Swapping Market

Customers are required to take the monthly subscription of battery swapping, which may have varying cost depending on battery size. The subscription offers another major advantage that, each time you will swap your EV battery, you will get the newest battery technology.

This technology enables automatic replacement of battery underneath the vehicle with full-charged in less than five minutes. It is more efficient and effective than charging the EV batteries.

The EV battery swapping mitigates the degradation of batteries, and always provides a healthy battery as replacement. Thus, it increases the average traction of the EV cars.

Moreover, battery swapping attracts those customers who found it difficult to charge their vehicle or cars at night. There are numerous apartments in the China, where power stations are majorly utilized for recharging the electric cars.

India is prepared for developing the battery swapping and charging infrastructure to boost the traction of electric vehicles on the roads.

Around 700 sites have been identified, including the Golden Quadrilateral Highway, Greenfield Expressways, East-West and North-South Corridors for developing wayside centres equipped with numerous types of EV charging points.

India is aiming to reach the goal of acquiring a net zero carbon emission by 2070. Rising penetration of the EV will provide a great potential to conquer it. Moreover, it is expected that green highways will result in increasing adoption of electric vehicles in India.

Moreover, the rising environmental concerns led by global warming, increasing emissions of CO2 by transportation, results into worldwide growing adoption of the electric vehicles. The EV battery charging may turn out to be tiresome process during heavy traffic requiring to be in queue for longer duration.

This comprehensive report provides insights into the electric vehicle battery swapping market size, growth, segmentation

What Is Fueling Demand for Driving Simulators Globally?

More than 90% of the road accidents globally are caused due to human error. This alarming statistic is propelling the requirement for driving simulators in the transportation and government sectors. In addition, the rising requirement for logistics and shared mobility services is leading to a strong need for trained drivers. A driving simulator offers training to new and existing drivers by providing a virtual environment powered by AR or VR, with the ultimate aim to make road transportation efficient and safe for drivers, passengers, and everybody else on the road.

Within the simulator type segment of the driving simulator market, the compact simulator category held the largest share in the past. This category is also expected to maintain its dominant position in the coming years. It is attributed to the surging utilization of compact driving simulators for training people on various automobiles, such as off-highway vehicles, cars, vans, and buses. This makes the work of transportation and logistics firms and government agencies easier, as just one system fulfills multiple purposes.

Moreover, as per the EU, “In 2019, around 22 800 persons were killed in road accidents in the EU: 44.2 % of the fatalities were passenger car drivers or passengers.” Therefore, autonomous cars are trending in the driving simulator market. Various automotive component manufacturers are investing in the development of the sensors and processors used in autonomous vehicles. Hence, automotive OEMs are using driving simulators for testing the capabilities as well as performance of these components. These systems offer realistic road and weather conditions, which is boosting the development of autonomous vehicles.

Moreover, sales of driving simulators are growing rapidly in the APAC region as well. China, Japan, and India are among the countries with the highest number of automobiles in use. Moreover, as per the WHO, more than 90% of the road fatalities are accounted for by developing countries, which currently characterize the economy of the region. Therefore, there is a strong need for better training to those driving passenger and commercial vehicles, which is essentially set to lead to a high demand for driving simulators.

Therefore, the growing need to ensure more road safety will boost the demand for driving simulators in the coming years..

Discover the latest market trends and projections for the driving simulator industry

Safely Testing the Future of Transportation: The Growth of the Driving Simulator Market

The World Health Organization (WHO) estimates that nearly 1.3 million deaths occur due to road traffic crashes each year. The organization also states that road accidents cause non-fatal injuries among 20–50 million people across the globe every year. As per the WHO, road traffic injuries are the major cause of death among young adults and children aged 5–29 years. Most of these accidents are caused due to human mistakes, owing to which driving simulators are being adopted by the transportation and automotive industry.

Additionally, the booming demand for skilled drivers, on account of the increasing penetration of shared mobility fleet and burgeoning need for logistics services from the e-commerce industry, is expected to steer the driving simulator market growth during the forecast years (2020–2030). Besides, the ongoing research and development (R&D) in advanced driving assistance systems (ADAS) will also augment the global demand for driving simulators. According to P&S Intelligence, the market generated $2 billion revenue in 2020.

Driving simulators, such as advanced simulators, compact simulators, and full-scale simulators, are installed in passenger vehicles as well as commercial vehicles. Presently, automobile manufacturers are preferring compact simulators over other variants due to the increasing number of people undergoing driving training on buses, cars, off-highway vehicles, and vans. In comparison to advanced and full-scale simulators, compact simulators are available at a lower cost. In the coming years, the highest quantity of driving simulators will be deployed in passenger vehicles due to the surging focus of manufacturers and drivers of such vehicles on road safety.

Currently, the driving simulator market is consolidated in nature, with the presence of a few players, such as Tecknotrove Simulator System Pvt. Ltd., Corys TESS, Anthony Best Dynamics Limited, Dallara Group Srl, Cassidian, Transurb, Cruden B.V., OKTAL SYDAC, and SHRail. In recent years, these players have launched new products to gain a competitive edge. For example, Anthony Best Dynamics Limited unveiled a static driving simulator in July 2020. This simulator delivers high levels of driver immersion in an era where driver-in-the-loop (DIL) simulation has become extremely important for the delivery of new automobile models in ever-tighter timescales.

Globally, the North American region was the dominant user of driving simulators in the preceding years, owing to the implementation of stringent road safety and traffic control laws and a large number of automobiles running on the roads of the regional countries. Moreover, the rapid advancements in driving simulator technology, to avoid potential failures in vehicles that might result in driver injury, will also facilitate the adoption of driving simulators in the region. For instance, the Bureau of Transportation Statistics states that the number of registered vehicles in the U.S. increased from 273,602,100 in 2018 to 276,491,174 in 2019.