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rohitpalan · 6 months

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Progressive Trajectory: Sensors Market Projections (2023-2033)

The global sensors market is on a trajectory of rapid expansion, with the market size poised to grow significantly from 2023 to 2033. According to a recent research report published by Future Market Insights, the sensors market is projected to achieve remarkable progress, reaching a valuation of US$ 153.0 billion by 2033, with a forecasted Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period.

The report highlights the substantial growth potential of the sensors market, indicating that it is expected to exceed a valuation of US$ 88.1 billion in 2023. This impressive growth can be attributed to the increasing demand for miniaturization, automation, and Internet of Things (IoT) devices across various industries. The trend of integrating sensors into IoT devices is expected to be a significant driver behind the market’s growth.

One of the key observations in the report is the strategic approach of companies within the sensors market to target emerging economies, such as China, India, Southeast Asia, and Latin America. In order to cater to the unique requirements and preferences of these markets, companies are establishing local production facilities, distribution networks, and sales channels.

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Key Takeaways – Force Sensor Market Study

Automotive and medical & healthcare industries would remain key end users of force sensors. These two verticals currently account for a collective market share of nearly 40%.

Rising demand for portable medical devices and assist machines for emergency medical treatment is likely to push the adoption of force sensors by healthcare industry at a higher rate.

In-house development of paper force sensors for musical applications is expected to create new growth opportunities in force sensor market.

The capacitive force sensor will continue to lead the way in force sensor market throughout the projection period.

Medical & Healthcare Industry Turning into a Hub of Opportunity

Growing emphasis on improving the quality of healthcare services offer significant opportunities to force-sensing technology developers. Increasing demand for force sensor in various healthcare applications such as infusion pumps, patient weight monitoring systems, physical therapy, surgical staple guns, and oxygen tank monitoring are expected to create new and lucrative opportunities for manufacturers in the force sensor market. However, long regulatory approval processes and counterfeit semiconductor components are major challenges that may hamper the growth of the force sensor market.

Product Innovation to Remain Key Strategy

Key vendors focusing on force sensor platforms are strategizing to develop and innovate new products related to intelligent force measuring technology in order to achieve full global coverage and offer precise global force measurement services.

In September 2019, Haehne GmbH launched intelligent force measuring technology with IO-Link. This IO-Link interface for force tension sensors is used for force measurement 4.0. The IO-Link from HAEHNE is a global data interface with intelligent two-side communication for data transmission among the plant control systems and the force measurement sensors in the field.

Applications of Force Sensor Technology in Musical Industry

The market scenario is expected to change in the foreseeable future after the introduction of advanced and cost-effective force sensors and sensing solutions for the musical industry. Manufacturers are also focusing on offering force sensor products for various applications such as electronic drum triggers, keyboard after touch, foot pedal controllers, programmable mixed arrays, and interactive dance floors. These factors are creating potential growth opportunities for developers and providers of force sensors.

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More About Force Sensor Market Study

In this report, the global force sensor market is tracked in terms of value, and is calibrated to obtain the market revenue estimates across different regions. To understand and evaluate these opportunities in the force sensor market, the market is segmented into four major sections such as product type (load cell, capacitive, piezo-resistive, piezo-electric, others), application (monitoring & control and test & measurement), end user (automotive, medical & healthcare consumer electronics, clothing & textile, food & beverage, manufacturing, aerospace & defence, oil & gas, construction, agriculture, and others), and region.

Force Sensor Market Outlook By Category

By Product Type, Force Sensor Market is segmented as:

Load Cell

Capacitive

Piezo-resistive

Piezo-electric

Others(Optical)

By Application, Force Sensor Industry is segmented as:

Monitoring & Control

Test & Measurement

By End-User, Force sensor Industry is segmented as:

Automotive

Medical & Healthcare

Consumer Electronics

Clothing & Textile

Food & Beverage

Manufacturing

Aerospace & Defense

Oil & Gas

Construction

Agriculture

Others

By Region, Force sensor Sales is segmented as:

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific Excluding Japan

Japan

Middle East & Africa

#Sensors Market

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delvenservices · 10 months

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Automatic Tire Inflation Market- Comprehensive Research Report

Automatic Tire Inflation Market By Service (Navigation, Operational Data, Remote Diagnostics, Multimedia Streaming, Social Media, OTA updates, On-road assistance, E-call & Sos Assistance, Cybersecurity, Remote Operation, Collision Warning and Others), Hardware (Head Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit, Telematic Control Unit, Keyless Entry System, Sensors), Transponder (Onboard Unit, Roadside Unit), Network (Operational Data, Dedicated Short Range Communication, Cellular) Form (Embedded, Tethered, Integrated), End-Market (Original Equipment Manufacturer (OEM), Aftermarket) Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The global automatic tire inflation market is anticipated to reach USD 1.2 billion by 2020 growing at a CAGR of 8.1% during the forecasting period, 2020-2028.

An automatic tire inflation system is the system that is used for maintaining the proper tire pressure and preventing tire failure. These help in improving the performance and the main aim is for decreasing tire wear and improving the fuel economy. Factors such as rise in fuel economy and rise in safety concerns over vehicles are some of the major factors for the automatic tire inflation market.

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Key Findings

The global automatic tire inflation system market is segmented into type, component, vehicle, and geography.

The type segment is segmented into Central Tire Inflation System, Continuous Tire Inflation System

The component segment is segmented into Air Delivery System, Buffer Tank, Compressor, ECU, Housing, Pressure Sensor, and Rotary Union

The vehicles segment is segmented into On-Highway Vehicle, Off-Highway Vehicle, and Electric Vehicle. On-Highway Vehicle is further segmented into Passenger Car, Commercial Vehicle, Off-Highway Vehicle is further segmented into Agricultural Vehicles, Construction Vehicles. Electric Vehicles is further segmented into Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle, Fuel Cell Electric Vehicle)

Geographically, the global automatic tire inflation system market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

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Regional Analysis

Europe region is the largest contributor to the augmented intelligence market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028

Competitive Landscape

Key players in the global automatic tire inflation market are Wabco, Enpro Industries, Michelin, Goodyear, Dana Incorporated, SAF-Holland, IDEX Corporation, The Boler Company, Airgo Systems, Aperia Technologies, Haltec Corporation, TI Systems, Pressure Systems International, Opladen LLC, Trans Technologies Company, Servitech Industries, Vigia, VELOCITY, Tibus Offroad, Nexter System, Teleflow, Raytech Group, Bigfoot Equipment, Air CTI among others

Purchase the Report at: https://www.delvens.com/checkout/automatic-tire-inflation-market-trends-forecast-till-2028

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

In 2019, WABCO has announced to be acquired by the ZF Friedrichshafen which would help both companies to combine their product portfolios which consist of components for vehicle safety and efficiency and serve the OEMs &fleets in the automotive and commercial vehicle industry.

In 2019, SAF-Holland has acquired a major stake in PressureGuard which is engaged in distributing automatic tire pressure management solutions.

Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.

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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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worldwideanalysis · 11 months

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Over 10.0% CAGR Predicted in Global Ultrasonic Sensor Market Between 2020 and 2030

The global ultrasonic sensor market generated a revenue of $4.1 billion in 2019 and is predicted to reach a value of $12.1 billion by 2030. According to the forecast of the market research firm, P&S Intelligence, the market will progress at a CAGR of 10.2% between 2020 and 2030. The surging usage of ultrasonic sensors in automobiles and the growing requirement for these sensors in the manufacturing industry are the two main factors driving the progress of the market.

In manufacturing industries, ultrasonic sensors are extensively used for several applications such as the diameter measurement of roll, loop control, distance measurement, height measurement, and tank water level measurement. Furthermore, with the rapid surge in industrial production in the developing countries, the requirement for ultrasonic sensors, especially in level measurement applications, is soaring quickly. For example, as per reports published in September 2019, in Turkey, the industrial production increased by nearly 3.4% year-on-year.

The burgeoning usage of these sensors in automobiles is another important factor fueling the growth of the market. Ultrasonic sensors are heavily used in vehicles in several applications such as park assistant systems, level sensing in fuel tanks, and object identification and detection. Due to the ballooning automobile manufacturing, especially in the emerging economies such as Thailand, Indonesia, and China, the sales of ultrasonic sensors are rising sharply all over the globe.

Besides the aforementioned factors, the rising requirement for industrial automation is predicted to create huge growth opportunities for the players operating in the ultrasonic sensor market in the coming years. The implementation of the Industry 4.0 program in the manufacturing industry is predicted to boost the requirement for automation in several industrial processes in the future years. Furthermore, manufacturers are rapidly incorporating automation in various manufacturing operations for augmenting the productivity.

Depending on end user, the ultrasonic sensor market is divided into automotive, healthcare, industrial, agriculture, and food & beverage categories. Out of these, the automotive category is predicted to demonstrate the fastest growth in the market in the coming years. This is credited to the rising requirement for ultrasonic sensors for detecting obstacles in self-driving vehicles. These sensors are used in self-driving vehicles for various distance measurement applications. This causes a sharp reduction in the incidence of road accidents.

Geographically, the ultrasonic sensor market recorded the highest growth in the Asia-Pacific (APAC) region during the last few years and is also predicted to demonstrate the fastest growth in this region in the coming years. The main factors propelling the advancement of the market are the soaring automobile manufacturing and the booming industrial manufacturing sector, primarily in India, China, and Thailand. Additionally, the rising requirement for smart farming equipment will propel the market growth in the region in the future.

Hence, it can be said with confidence that the market will register huge growth around the world in the upcoming years, mainly because of the mushrooming usage of ultrasonic sensors in vehicles and various manufacturing operations.

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sharktankaudits · 1 year

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PMV Electric Review

The world is moving towards sustainable energy sources, and electric vehicles have become a popular mode of transportation. One such company that is contributing to this movement is PMV Electric. PMV Electric is an electric vehicle manufacturing company that produces 2-seater electric cars.

Founded by Kalpit Patel, the company has been producing eco-friendly vehicles since its inception. This article will review PMV Electric, its products, and its founder.

The History of PMV Electric

PMV Electric was founded in 2019 by Kalpit Patel, an entrepreneur with a passion for sustainable energy.

The company's mission is to produce affordable electric vehicles that are eco-friendly and provide a comfortable ride for passengers. Patel started the company with a team of engineers and designers who shared his vision of creating a sustainable future.

The company has since grown and has gained a reputation for producing high-quality electric vehicles.

The Products of PMV Electric

PMV Electric produces 2-seater electric cars that are perfect for urban commutes. The cars are compact, easy to maneuver, and have a top speed of 40 km/h. The cars come with a range of 60 km on a single charge, making them perfect for short trips.

The cars have a stylish design, with a modern look that is sure to turn heads. They are available in a range of colors, making it easy for customers to choose a car that suits their style.

The Features of PMV Electric Cars

The PMV Electric cars Shark Tank come with a range of features that make them perfect for urban commutes. The cars are equipped with air conditioning, power steering, and power windows. They also come with a sound system, USB ports, and Bluetooth connectivity, making it easy for passengers to stay connected while on the go.

The cars are also equipped with safety features such as seat belts, airbags, and anti-lock brakes.

PMV Electric cars offer a range of benefits that make them a popular choice for urban commutes. The cars are eco-friendly and produce zero emissions, making them perfect for reducing carbon footprints. They are also cost-effective, with low maintenance costs and no fuel costs. The cars are also easy to maneuver and park, making them perfect for crowded urban areas. The cars are also stylish and come in a range of colors, making them a popular choice for those who want to make a statement.

The Founder of PMV Electric

Kalpit Patel, the founder of PMV Electric, is an entrepreneur with a passion for sustainable energy. He has a background in engineering and has worked in the automotive industry for many years.

He started PMV Electric with the aim of producing affordable electric vehicles that are eco-friendly and provide a comfortable ride for passengers. Patel is a visionary leader who has assembled a team of engineers and designers who share his vision of creating a sustainable future.

The Future of PMV Electric

PMV Electric is a company that is poised for growth in the future. The company has gained a reputation for producing high-quality electric vehicles, and its 2 seater electric cars have become a popular choice for urban commutes.

With the world moving towards sustainable energy sources, PMV Electric is well-positioned to take advantage of this trend.

The company is also working on new products, including electric bikes and scooters, which will further expand its product line.

In addition to expanding its product line to include electric bikes and scooters, PMV Electric is also focusing on improving the technology used in its electric cars. The company is exploring new battery technologies that can increase the range of its cars and improve their performance.

It is also investing in research and development to improve the charging infrastructure for electric vehicles.

PMV Electric is also looking to expand its reach beyond its home market. The company has plans to enter new markets, including Europe, the United States, and Asia, where there is a growing demand for electric vehicles.

The company is partnering with local distributors and dealers to expand its sales network and make its products more accessible to customers around the world.

As the world continues to move towards sustainable energy sources, PMV Electric is well-positioned to become a leader in the electric vehicle market. The company's commitment to producing high-quality, eco-friendly vehicles has already made it a popular choice for urban commutes.

With new products, improved technology, and a focus on expanding its reach, PMV Electric is poised for continued success in the future.

PMV Electric's commitment to sustainability is also reflected in its manufacturing processes. The company has implemented environmentally responsible practices throughout its production facilities, including the use of solar panels to generate electricity and the recycling of materials.

By implementing these sustainable practices, PMV Electric is reducing its carbon footprint and contributing to a more sustainable future.

Another key factor in PMV Electric's success is its dedication to customer satisfaction. The company places a high priority on ensuring that its customers are happy with their electric cars.

To achieve this, PMV Electric has implemented a rigorous quality control process to ensure that every car meets the company's high standards. The company also provides excellent customer service, with a team of experts available to answer any questions and provide support to customers.

PMV Electric is also committed to supporting the communities in which it operates. The company is involved in a range of social initiatives, including supporting local charities and sponsoring community events. PMV Electric's commitment to social responsibility is an important part of its overall mission to create a more sustainable and equitable future.

Conclusion

PMV Electric is a company that is making a significant contribution to the sustainable energy movement. With its focus on producing affordable, eco-friendly electric vehicles and its commitment to sustainability, customer satisfaction, and social responsibility, PMV Electric is well-positioned to become a leader in the electric vehicle market.

As the world continues to move towards sustainable energy sources, PMV Electric's dedication to creating a more sustainable future is sure to make it a popular choice for customers around the world.

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gorepoonam · 1 year

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Drive by Wire Market Size, Share, Trends, Growth

The "Drive by Wire Market Size" 2020 Research report presents an in-depth analysis of the Drive by Wire Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future road-map, revenue and 2027 forecast. Moreover, this research report categorizes the global Drive by Wire Market by companies, region, type and end-user industry.

Market growth refers to the increase in size of a market over time, usually measured in terms of the value of goods and services sold. Market growth can be driven by a number of factors, including population growth, economic growth, rising consumer spending, and technological innovations. Understanding market growth trends is important for businesses as it can help inform strategic decisions about product development, marketing, and expansion.

The global drive by wire market size was USD 4.99 billion in 2019 and is projected to reach USD 4.27 billion by 2027, exhibiting a CAGR of 5.0% during the forecast period.

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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/103673

Market Growth Drivers:

Autonomous vehicles have various advantages over the conventional vehicles. These driverless vehicles offer enhanced passenger safety and a reduction in vehicular emissions. Autonomous vehicles are equipped with various sensors such as GPS, LiDAR, cameras, RADAR, and drive-by-wire systems. These sensors help to detect any obstacle nearing the vehicle, therefore, reducing the chances of road accidents. Sensors are also attached with the electric fuel pump which control the flow of fuel to the tank and helps to maintain the fuel efficiency of the vehicle.

Points Covered in The Report:

The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the market size, capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.

The market growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Who are the Major Drive by Wire Market Vendors?

Curtiss Wright Corp. (North Carolina, United States)

TRW Automotive (Michigan, United States)

Nissan Motor Corporation (Yokohama, Japan)

Robert Bosch GmbH (Gerlingen, Germany)

Continental AG (Hanover, Germany)

P.S.A Citroen (Rueil-Malmaison, France)

SKF Group (Gothenburg, Sweden)

Denso Corporation (Aichi, japan)

ZF Friedrichshafen AG (Friedrichshafen, Germany)

Peugeot (Paris, France)

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digitaldiscount · 1 year

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History Of Toyota

Introduction

Toyota is the world's largest automobile manufacturer, with over 300,000 people and activities in over 170 countries. The business was established in 1937 by Kiichiro Toyoda, and it now manufactures over 10 million automobiles annually. Although the firm mostly makes automobiles, it also makes trucks, buses, SUVs, and hybrids. The business offers its goods under numerous names, including Lexus and Scion. Also, the business owns a majority share in Daihatsu and Hino Motors. The company has its headquarters in Japan, and the Tokyo Stock Exchange is where its shares are traded. The business is valued at more than $200 billion.

History Of Toyota

Toyota, a Japanese multinational automotive manufacturer, was founded in 1937 by Kiichiro Toyoda as a spinoff from his father’s business to create automobiles. The company’s first product was the Type A engine, which was used in the company’s first car, the AA sedan. In 1947, the company produced its first truck, the G1, which was based on the earlier Japanese Army Type 97 vehicle.

In 1955, Toyota launched the Toyopet Crown, its first passenger car designed with export markets in mind. The Crown was a hit with Japanese consumers and quickly became one of the company’s best-selling models in the United States and other countries. In 1961, the Publica was launched as the company’s first ever mass-produced passenger car, offering a more affordable and practical alternative to the expensive and luxurious cars on the market. The Corolla line was discontinued in 1966, as the company shifted its production priorities to larger vehicles such as the Crown and Corona.

In 1974, the Nisshin Training Centre was completed in Toyota City, built to provide employees with the skills they need to work at the Toyota Motor Corporation. In 1989, Toyota launched the Lexus LS 400, its first foray into the luxury car market. The LS 400 was followed by the Lexus GS 300 and Lexus ES 300, which further solidified Toyota’s luxury car credentials.

In 1997, Toyota launched the Prius, the world’s first mass-produced gasoline-electric hybrid car. The Prius became a symbol of Toyota’s commitment to environmental leadership, and it is now the best-selling hybrid car in the world, with over 4 million units sold. In 2009, Toyota launched the LFA, a super car developed over six years with a 4.8 liter V10 engine that could rev to 9,000 rpm. Only 500 units were produced, making it one of the most exclusive cars in the world.

In 2014, Toyota released the Mirai, the world’s first hydrogen car. The Mirai uses a fuel cell to convert hydrogen into electricity, which powers the electric motor. The Mirai emits nothing but water vapor from its tailpipe and has a range of over 300 miles on a single tank of hydrogen.

Throughout its history, Toyota has established itself as a major player in the global automotive market, with a focus on innovation, sustainability, and quality. The company has a wide range of products, from affordable and practical cars to luxury models and eco-friendly vehicles. Toyota continues to be a leader in the industry, pushing the boundaries of what is possible and setting new standards for automotive excellence.

Toyota In Present

Nowadays, Toyota is a global automaker with its headquarters in Aichi, Japan. The corporation manufactures automobiles under the five brands Hino, Lexus, Ranz, and Daihatsu. Moreover, it owns a majority of Subaru and minorities of Isuzu, Mazda, and Suzuki. Toyota sold more than 10 million automobiles worldwide in 2019 and produced more than 9 million of those vehicles. Including China, Canada, France, Poland, South Africa, Turkey, and the United Kingdom, the corporation has plants all over the world.

Future Of Toyota

The company's future appears to be quite promising. The corporation has distinguished itself from its rivals by taking some fairly audacious actions, like investing in electric automobiles and driverless cars. Additionally, it is extending its reach into other markets including Africa and India. It is in a good position to maintain its success in the years to come thanks to its solid financial position and dedication to innovation.

Conclusion

In conclusion, Toyota has advanced considerably since producing weaving machines to becoming the largest automaker in the world. It is clear that the company will see great success in the future. Yet, it is likely that the company will see intense competition in the future.

#toyota #cars #supra #corolla #jdm #fortuner

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researchvishal · 2 years

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Automotive Exhaust Systems Market Growth, Future Prospects And Competitive Analysis To 2031

ESOMAR certified consulting firm Future Market Insights’ recent report on the automotive exhaust systems market forecasts a relatively stable outlook for FY 2021-22, compared to the previous year, as the global automotive industry emerges from the recessionary impact of the coronavirus pandemic crisis. As production cycles resume, a gradual recovery is anticipated in the short-run, eventually translating into a stable outlook through 2031.

According to the report, growth prospects were weighed down significantly, attributed largely to a mature and stagnation in growth curves across the global automotive industry. Projections reflected a value of just under US$ 25 billion in 2017. In addition, automotive sales witnessed a marked decline of over 5%, down to nearly 92 million units by 2019.

In spite of such downswings, growth has been sustained by increasing drives towards attaining zero carbon emission goals. Initiatives such as the UK government’s Road to Zero project have pledged to achieve at least a 70% sales figures with respect to low emission cars. Likewise, the US EPA’s Cleaner Trucks Initiative seeks to revise NOx emission levels, with strides already visible in the form of a 40% reduction in emission levels since 2001. The market is poised to expand at over a 4% CAGR through 2031.

Key Takeaways from FMI’s Automotive Exhaust Systems Market Study

Mufflers to cement its dominance, expanding at over 4% CAGR through 2031, by product type

By vehicle type, passenger cars are expected to retain the crown through 2021 and beyond

Automotive exhaust systems for gasoline driven vehicles to experience a substantial incline

Aftermarket sales to account for the maximum share in the automotive exhaust systems market

Key initiatives, including the Cleaner Trucks Act, to largely elevate automotive exhaust sales across the US

UK market to expand amid increasing LCV registration frequencies through 2021

Intensive EV infrastructure development to elevate German automotive exhaust systems growth prospects

China to cement its presence across the Asia-Pacific, characterized by a robust local manufacturing base

“Key manufacturers of automotive exhaust systems are emphasizing on incorporating selective catalytic reduction (SCR) technology based emission curbing approaches, prompting numerous innovations and product launches, expected to widen revenue pools across the forecast period,” says an FMI analyst.

Competitive Landscape

Prominent automotive exhaust systems manufacturers are leveraging the most contemporary developments prevailing across the global automotive industry, including the quest to achieve carbon neutrality, spurring various technological advancements in compliance with key regulatory provisions.

To achieve this goal, prominent automotive aftermarket player Bosal International N.V. announced the launch of a new manufacturing unit and R&D center in Shanghai, China, in February 2021. This venture will support a supply contract for its original equipment customer Geely, to develop an eco-friendly exhaust system for the Volvo XC40 passenger car.

Also, Faurecia S.A. announced in February 2021 that it has acquired a significant stake in CLD, one of China’s largest high-pressure tank manufacturers to develop homologated type III and IV hydrogen storage tanks for the Chinese automotive market. This development is significant as China is expected to represent at least one million fuel cell vehicles by 2030.

Key Segments Covered

By Product Type

Exhaust Manifold

Muffler

Catalytic Converter

Oxygen Sensor

Exhaust Pipes

By Vehicle Type

Passenger Car

Light Commercial Vehicle

Heavy Commercial Vehicle

By Engine Type

Gasoline

Diesel

By Sales Channel

Original Equipment Manufacturer (OEM)

Aftermarket

For More Info@ https://www.futuremarketinsights.com/reports/automotive-exhaust-systems-market

#Automotive Exhaust Systems #automotive #automobile

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thetejasamale · 2 years

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CNG dispenser Market | Industry Analysis, Key Player profile, Trends, Share, Growth, Demand and Regional Outlook by 2030

According to the report by Market Research Future (MRFR), the global CNG dispenser market is poised to acquire a substantial market valuation at a moderate 7.70% CAGR over the review period.

Competitive Landscape

The major market players identified by MRFR in the global CNG dispenser market are Bennett (US), Censtar (China), Dover (US), FTI International (Canada), Fortive (US), Compac (US), Kraus (US), Lanfeng (China), Sanki (China), Parker (US), Scheidt & Bachmann (US), Tatsuno (Japan), Tulsa Gas Technologies (India), WEH (Germany).

Industry News

July 2019: GAIL Gas Ltd., a subsidiary of GAIL (India) Ltd., strengthened CNG infrastructure (cascades, compressors, dispensers, and others) in several districts in India, with the focus on Jharkhand and Karnataka districts.

June 2019: Tatsuno Europe, a leading global manufacturer, of fuel dispensers and other related solutions under Tatsuno Corporation, commenced production of fuel dispensers in the newly renovated factory set up in Blansko, Czech Republic. The factory was under renovation to incorporate advancements as the organization’s initiative to meet growing consumer expectations.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/cng-dispenser-market-7001

Segmental Analysis

The global market for CNG dispenser has been segmented on the basis of type, distribution, and flow rate.

The types of CNG dispensers available in the market are fast filling and time filling. The distribution method of CNG dispensers includes company-owned & company-run, company-owned & dealer-run, and dealer-owned & dealer-run. The company-owned & company-run segment is estimated to account for the largest share owing to the increased profitability. Based on the flow rate, the global CNG dispenser market has been segmented into up to 50 kg/min, up to 15 kg/min, and up to 100 kg/min. The up to 100 kg/min segment is predicted to lead the market share over the review period, and record the highest growth rate, owing to the requirement of light-duty vehicles for quick tank refills. Moreover, owing to the operational improvement program for light-duty vehicles has resulted in cost reduction, and complexity in line is expected to fuel the growth of the CNG dispenser market.

Regional Analysis

On the basis of region, the global CNG dispenser market has been segmented into the Europe, Asia Pacific, North America, ,and the rest of the world (RoW).

North America is one of the major regional markets in the global CNG dispenser markets across the globe and is likely to witness remarkable growth over the review period. This is attributed to the government measures being undertaken for curbing emission levels in the region, especially in developed countries such as Canada, and the U.S., which established automotive markets.

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Asia Pacific is one of the most important regional markets for CNG dispensers is expected to record a significant market share during the forecast period. Extensive diversity of industry verticals, including manufacturing, mining, oil & gas, textiles, and automation in the region, is projected to drive the CNG dispenser market in the Asia Pacific region. Asia Pacific is presently the primary market for CNG dispensers, followed by Europe. Increasing demand in the CNG vehicle is one of the significant critical drivers in the CNG dispenser market in this region. The primer of strict emission norms in India to restrict pollution is one of the chief drivers for market growth. India is one of the significant country-wise contributors across the globe, for the global CNG vehicles market with nearly about 60,000-70,000 units of CNG vehicles, which turns to drive increasing demand for CNG dispenser. The government has taken initiatives in favor of the growth of the CNG dispensers market, by exempting CNG vehicles from the strict regulatory reforms to control pollution, resulting in the growing adoption of CNG fitted cars. furthermore, the government is also focusing on the expansion of fuel stations selling natural gas, therefore allowing the motorists and personal car owners to shift to CNG.

#CNG dispenser Market

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marketresearchreportblog-blog · 4 years

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Automotive Fuel Tank Market Global Opportunities 2019 by Industry Size, Growth Rate, Price, Trends, Share, Revenue and more| Esticast Research

Global “Automotive Fuel Tank Market” 2019-2026 attempts to offer noteworthy and thoughtful insights into the current market situation and the emerging growth dynamics. The report on Automotive Fuel Tank Market also offers the market players as well as the new contenders a complete view of the market landscape. The complete research will enable the well-established as well as the emerging players to establish their business policies and accomplish their goals.

About Automotive Fuel Tank Market

The Automotive Fuel Tank market study considers various secondary and primary research results and extracts data from the past years to analyze the scope for growth of this market in the coming years. Various growth factors that are essential to increasing market growth during both the base period and the forecast period have been recognized and are mentioned in the report. These factors do not remain uniform and can vary from situation to situation and are also reliant on the types of products that are sold in the regions. An analysis of the market factors is carried out to recognize the effect that these different factors can have on the market share are listed in the report. Inherent growth factors that can increase the market share during the forecast period from the year 2018 to the year 2026 are mentioned as well.

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The Automotive Fuel Tank Market Report contains in-depth information on key drivers, challenges, opportunities, industry trends, and market impact. The Automotive Fuel Tank Market report also offers data on the company and operations, information on branding strategies, pricing, and target customers for the Automotive Fuel Tank market, list of distributors/traders offered by the business. Moreover, this research report includes major competition, market trends expected during the forecast year, and projected growth rates.

Market Segmentation

For a better understanding of the market, this report has provided the present market scenario and also the future status of the global Automotive Fuel Tank market during the projected period of 2019-2026. The report has segmented this market on the basis of regions like North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

While classifying these segments, the expert team of analysts has listed the relative contribution of each segment for the growth of the global Automotive Fuel Tank market. Detail information of segments is required to recognize the key trends influencing the global market.

Each segment of the market offers an in-depth information on the qualitative and quantitative outlook of the market. While giving a short-term idea about the revenue opportunities for all the segments, this report has also presented the value of absolute dollar opportunity for all the segments over the projected period of 2019 – 2026.

The Major Manufacturers Covered in this Report:

Continental AG Cooper Standard YAMASHITA RUBBER CO. LTD. BWI Group HUTCHINSON Sumitomo Riko Company ZF Friedrichshafen BOGE Rubber & Plastics Federal-Mogul Motorparts Corporation GMT Rubber-Metal-Technic Ltd VETUS Dea Products Inc. LORD Corporation

Market segment by Type, the product types can be split into

By Vehicle Type HCV LCV Passenger vehicles

Market segment by Application, the product can be split into

Application 1 Application 2

Regional analysis for Automotive Fuel Tank Market

On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

North America (the United States, Canada, and Mexico)

Europe (UK, Germany, France, Italy, Russia, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, and Rest of Asia-Pacific)

South America (Brazil, Argentina, and Rest of South America)

The Middle East and Africa (GCC Countries, Egypt, South Africa, and MEA)

The content of the study subjects includes a total of 8 chapters:

Chapter 1, to describe Automotive Fuel Tank market report’s – executive summary, market definition, and market scope

Chapter 2, defines the Research Methodology including primary research, assumptions & exclusions, and secondary data sources.

Chapter 3, explains the report segmentation & scope, key market trends (drivers, restraints, and opportunities), along with Porter’s five forces analysis and market share analysis

Chapters 4, 5, and 6 to segment the sales by type and application/end-user, with sales market share and growth rate by type, application/end-user, from 2018 to 2016.

Chapter 7, describes the regional segmentation based on the country level for the forecast period 2018 – 2026.

Chapter 8, to profile the top manufacturers of Automotive Fuel Tank , with price, sales, revenue and global market share of Automotive Fuel Tank in 2016, 2017, and 2018.

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#Global Automotive Fuel Tank Market Analysis #Automotive Fuel Tank Market Demand #Automotive Fuel Tank Market 2019

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somar78 · 5 years

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The Citroën 2CV 4×4 Sahara – The Unstoppable French Answer To The Land Rover

The rare Citroën 2CV 4×4 Sahara features both a front and a rear engine which can be operated independently – meaning the car can be front wheel drive, rear wheel drive, or four wheel drive depending on what your requirements are for it on any given day.

The Citroën 2CV

The Citroën 2CV was often affectionately referred to by its nicknames “the tin snail” or the “umbrella on wheels” but regardless of what you might call it, it was one of the cleverest vehicle designs of its age.

The concept, called the TPV, was originally developed in the late 1930s to offer a car to the large rural population in France who had limited financial means. Many still used horses and carts for transportation at the time and the TPV was developed to bring France’s blue collar population into the 20th century.

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The original design brief for the car that would become the 2CV called for a very inexpensive vehicle that could carry four people and 50 kilograms of farm produce to market at between 50 and 60 km/h (30+ mph). The suspension needed to be able to handle unsealed roads and light to moderate off-road use, so one of the design parameters was that the car be able to drive across a freshly ploughed field with a basket of eggs on the backseat – without any of them breaking.

The TPV prototype was close to production ready in 1939 however the outbreak of WW2 caused the project to be mothballed. There was concern that the Nazis would make use of the design, so many prototypes were destroyed or hidden, some were even buried.

After the war the project was restarted, the car was largely re-designed though the design parameters stayed the same. Aluminum bodywork was replaced with steel, and significant upgrades were rolled into the car to make it more reliable, practical, and affordable.

On its release the motoring media weren’t particularly enamoured with the 2CV, a writer for the British magazine Autocar said that the car “…is the work of a designer who has kissed the lash of austerity with almost masochistic fervour”.

Despite the somewhat snooty reception from automotive journalists the people who the car was designed for, French rural and blue collar workers, absolutely loved it.

Orders for the car poured in and production numbers needed to be constantly increased to meet demand, at one point early in the history of the 2CV there was a 5 year waiting list, and secondhand models sold for more than new cars – as they didn’t require the new owner to wait years to take delivery.

The design of the 2CV was nothing short of genius, it offered excellent ground clearance, independent front and rear suspension, an exceedingly fuel efficient and easy to maintain 375cc (first generation), 9 hp, flat twin, air-cooled engine. The roof was made of a waterproof fabric that could be rolled up to allow that transportation of large items and even livestock.

Citroën would keep the 2CV in production from 1948 to 1990, over 5 million were built in various configurations and today they remain one of the best loved French cars of all time.

The Citroën 2CV 4×4 Sahara

The Citroën 2CV 4×4 Sahara was developed for use in hard to reach regions of France and in the French colonies of Africa as a sort of French answer to the Land Rover or Jeep.

Rather than redesigning the entire drivetrain for 4×4 capabilities the designers fitted a matching engine gearbox both front and rear, with two fuel tanks under the front seats, and a single gear stick, clutch, and accelerator that operated both engines/gearboxes simultaneously.

These twin 12 hp engines could be operated individually or together, allowing the car to be front wheel drive, rear wheel drive, or four wheel drive. It also offered a significantly reduced chance of finding yourself stranded in Africa, as if one engine broke down you still had another ready to go.

Due to the low weight, independent suspension, and 4×4 capability, the Citroën 2CV 4×4 Sahara was highly capable off-road. It featured a spare tire mounted Land Rover-style on the hood, the same minimalist interior design of the regular 2CV, and the easy-to-repair flat-twin engines front and back.

Citroën built just 694 examples of the 2CV 4×4 Sahara between 1958 and 1971, the price was notably higher than the standard 2CV which slowed adoption, but serving examples are now highly sought after by enthusiasts.

The example you see here is in good condition throughout, and importantly it’s fitted with both of its original engines. This car has a completely known ownership history from new and it was only registered for road use by one Belgian owner, it comes with the original owner’s manual and a copy of the original parts catalogue.

If you’d like to read more about it or register to bid you can click here to visit the listing on RM Sotheby’s.

The post The Citroën 2CV 4×4 Sahara – The Unstoppable French Answer To The Land Rover appeared first on Silodrome.

source https://silodrome.com/citroen-2cv-4x4-sahara/

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techsciresearch · 2 years

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Automotive Pump Market to Grow at a CAGR of 6.56% During the Forecast Period

Increasing demand for automatic transmission is driving the growth in global automotive pump market in the forecast period, 2022-2026

According to TechSci Research report, “Automotive Pump Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026”, The global automotive pump market stood at USD79.35 billion in 2020 and is expected to grow at a steady CAGR of 6.56% during the forecast period on account of rising demand for automatic transmission and growing vehicle fleet.

An automotive pump is a device installed in automobiles for transmitting fluids (liquid or gas) by decreasing or increasing the pressure on fluids. Depending upon the fluid the pump is transmitting and the application of pump, various types of pumps are installed in an automobile like the fuel pump which draws fuel out of the tank through a pipe to the carburetor through a fine grain filter. The global automotive pump market is driven by the growing vehicle usage worldwide, lined with the increasing research and development to produce fuel-efficient automobiles that adhere to emission regulations. Major automotive manufacturers are investing heavily in making state-of-the-art automotive components by integrating smart technologies such as automatic transmission, gasoline direct injection, and gasoline turbocharger, which require automotive pumps for optimum functioning. Manual transmission runs of clutch, while the automatic transmission runs on torque convertor which works on the concept of fluid coupling. For fluid coupling to happen, the required amount of fluid needs to be delivered inside the torque convertor, which is done with the aid of an automotive pump called the transmission pump. The increasing penetration of automatic transmission in vehicles across the world is driving the sales of transmission pumps, which is airing the global automotive pump market growth. Automotive pumps are critical components of an automobile and need to be replaced when needed. The inappropriate working of an automotive pump can lead to 100% engine failure. Oil pump works as the heart of the lubrication system of automobiles. The oil pump draws oil from the oil pan and forces oil around the engine before the oil drops back into the sump and is recirculated back. Working of the oil pump is highly critical for the engine, the misfunctioning of an oil pump can lead to expensive engine failure. As a result, the global automotive pump market is getting a fair share from the aftermarket. But the development in innovative technologies is expected to reduce the replacement ratio of the automotive pumps, which is anticipated to hamper the aftermarket growth of the global automotive pump market.

Browse over 187 market data Figures and spread through 110 Pages and an in-depth TOC on "Global Automotive Pump Market"

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Global automotive pump market can be segmented based on by pump type, by technology, by sales channel, by vehicle type, by displacement type and by region.

In terms of pump type, global automotive pump market is segmented into transmission pump, fuel pump, oil pump, steering pump, water pump, windshield washer pump, vacuum pump with majority of market share is taken by the oil pump followed by water pump in year 2020. The oil pump is used for engine lubrication to reduce the wear and tear of an engine and water pumps for cooling the engine. In addition to that, by region, globally the automotive pump market is segmented into Asia Pacific, North America, Europe, South America, Middle East and Africa. Majority of demand for the automotive pumps comes from Asia Pacific and North America, making them leaders of the mainstream market.

The sales of automotive pumps declined in 2020 compared to 2019 as most of the countries across the globe experienced strict lockdown in the second and third quarter of year 2020 as a measure to contain the spread of the COVID-19 virus. The imposition of lockdown across majority of countries resulted in the temporary closing down of all factories, including automotive pump manufacturing facilities, resulting in production loss for global automotive pump market. Furthermore, the governments of most of the COVID-19 affected countries infused norms such as social distancing to limit the number of workers working in at any given point in the same facility. Measures such as lockdown and social distancing hampered the workflow of automotive pump manufacturing facilities temporarily. Nevertheless, in the first quarters of 2021 the market is showing positive signs of recovery and is anticipated to recover by around 2023.

Key players in the automotive pump market include :

Aisin Group

Robert Bosch GmbH

DENSO Corporation

ZF Friedrichshafen AG

Continental AG

Rheinmetall AG

Hitachi Ltd.

BorgWarner Inc.

Johnson Electric Holdings Limited

SHW AG

Global automotive pump is fragmented with a lot of well-established players having presence in several countries and Aisin Group holds the highest market share and is among the top five market players globally, Robert Bosch GmbH ranks second in terms of market share in the overall automotive pump market on account of strong presence worldwide even in the emerging countries. Additionally, there are other prominent players such as Denso Corporation, ZF Friedrichshafen AG, Continental AG, Rheinmetall AG, Hitachi, Ltd., BorgWarner Inc., Johnson Electric Holdings Limited, SHW AG, which are holding a significant position in the global automotive pump market.

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“Asia Pacific is anticipated to hold the largest revenue shares of the market in the upcoming years on the account of largest automobile fleet across the globe. However, North America is giving neck to neck competition. Moreover, increasing installations of automatic transmissions in automobiles is boosting demand for automotive pumps globally. Furthermore, the market's growth is being aided by the quick research and development in the field. Emerging market players are suggested to invest and focus on the research and development of the automotive pumps for the brand establishment. Collaborations and regulated deals with the established market players would help the prospects of the new market player,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

“Automotive Pump Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026, Segmented By Pump Type (Transmission Pump, Fuel Pump, Oil Pump, Steering Pump, Water Pump, Windshield Washer Pump, Vacuum Pump), By Technology (Mechanical Pump, Electrical Pump), By Sales Channel (OEM, Aftermarket), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle), By Displacement Type (Fixed Displacement, Variable Displacement), By Region”, has evaluated the future growth potential of global automotive pump 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 pump market.

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#Automotive Pump Market

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delvenservices · 11 months

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Diesel Exhaust Fluid Market to reach $11.4 billion by 2028

Diesel Exhaust Fluid Market, by Material Type (Copper, Low Carbon), End-Use (Residential, Commercial, Industrial), Implementation (New Construction, Retrofit) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global diesel exhaust fluid market size is projected to reach USD 11.4 billion by 2026 at a CAGR of 10.0% from USD 7.1 billion in 2021.

Diesel engine exhaust fluid (DEF) is an anti-pollution agent that can inhibit and reduce harmful nitrogen oxide (NOx) emissions from diesel-powered internal combustion engines. The diesel exhausts fluid is standardized as an aqueous urea solution by International Organization for Standardization (ISO). This consumable fluid is used in concurrence with Selective Catalytic Reduction or SCR technology utilized in diesel run vehicles to reduce harmful pollutants emitted from the exhausts.

Increase in the average age of vehicles, the development of infrastructure, the rise in the number of vehicles on the road, the average mileage, the replacement cycle of DEF, and the increasing attention to vehicle maintenance are some of the factors that have supported long-term expansion for Diesel Exhaust Fluid Market.

The COVID-19 pandemic and the subsequent decline in automotive production, average vehicle miles driven, and vehicle sales. Even after lockdowns are completely lifted, owing to the challenges related to the supply chain, availability of labour, and precautionary guidelines from governments, vehicle sales and production are not expected to resume completely.

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Regional Analysis

The growth of the aftermarket in the North America region can be attributed to the standardization of diesel exhaust fluid tanks in trucks and buses manufactured in countries such as the US after 2010. Moreover, the demand for commercial vehicles, both, LCVs and HCVs are high in the North America region.

Key Players

CF Industries Holdings, Inc.

Cummins Filtration

Dyno Nobel

KOST USA, Inc.

STOCKMEIER Group

Old World Industries

LLC

The Potash Corporation of Saskatchewan

Yara International ASA

Certified DEF

Blue-Sky Diesel Exhaust Fluid.

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Recent Developments

In September 2019, The Saudi Arabian Oil Company (Saudi Aramco) and Shell Saudi Arabia (Refining) Limited (Shell) announced that Saudi Aramco acquired Shell’s 50% share of the SASREF Joint Venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for USD 631 million.

In September 2019, Cummins Inc. introduced innovations which are expected to achieve low Nitrogen Oxide (NOx) emissions in future and enable achieving a reduction in the carbon footprint, at the IAA Commercial Vehicles Show. This innovative system enables further reduction in NOx and PM emissions, while simultaneously improving fuel efficiency.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Diesel Exhaust Fluid Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Report Scope:

Diesel Exhaust Fluid Market is segmented into vehicle type, component, application, supply mode and region.

On the basis of Vehicle Type

Passenger Cars

LCVs

HCVs

On the basis of Component

SCR Catalyst

DEF Tank

DEF Injector

DEF Supply Module

DEF Sensor

NOx Sensor

On the basis of Application

Construction Equipment

Agricultural Tractors

On the basis of Supply Mode

Cans & Bottles

IBC

Bulk

Pumps

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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worldwideanalysis · 2 years

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Why Are Automakers Deploying Ultrasonic Sensors in their Offerings?

Ultrasonic sensors are being increasingly used in the automotive industry in various applications such as park assistant systems, level sensing in fuel tanks, and object detection and identification. The wide application base of such sensors can be credited to their ability to calculate the distance of obstacles and monitor space while the vehicle is being parked. Owing to the rising production of vehicles across the world, especially in developing countries, such as Thailand, Indonesia, and China, the requirement for ultrasonic sensors is escalating rapidly.

In addition, the surging deployment of autonomous mobile robots (AMRs) in the automotive and oil and gas industries, owing to the rising advancements in technology and soaring focus on enhancing operational capacity, efficiency, and productivity, will propel the ultrasonic sensors market at a CAGR of 10.2% during 2020–2030. The market was valued at $4.1 billion in 2019 and it is expected to reach $12.1 billion revenue by 2030. Such sensors are integrated into AMRs for detecting obstacles and determining the distance between two objects.

Read Full Report: Ultrasonic Sensor Market Growth

Moreover, the escalating focus of the manufacturing sector on increasing their productivity will also amplify the production of ultrasonic sensors in the coming years. Manufacturing facilities use these sensors to measure water level in tanks and the distance, level, and diameter of the roll. Additionally, the production units also use such instruments for loop control. With the expansion of the industrial sector in developing countries, the usage of ultrasonic sensors will accelerate at a significant rate.

In recent years, ultrasonic sensor manufacturers such as Pepperl+Fuchs AG, Baumer Holding AG, KEYENCE CORPORATION, Siemens AG, SICK AG, Honeywell International Inc., Balluff GmbH, OMRON Corporation, ifm electronic gmbh, Rockwell Automation Inc., and Banner Engineering Corporation are focusing on partnerships, product launches, and mergers and acquisitions to meet the mushrooming need for such sensors in the automotive, healthcare, food and beverage, industrial, and agriculture sectors. For instance, in July 2019, Pepperl+Fuchs AG introduced low temperature sensors for cold storage and mobile equipment in outdoor applications. Such sensors can operate at -25° Celsius.

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severepeanutperfection · 2 years

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Automotive Exhaust Systems Market Emerging Growth Analysis, Future Demand and Business Opportunities 2031

ESOMAR certified consulting firm Future Market Insights’ recent report on the automotive exhaust systems market forecasts a relatively stable outlook for FY 2021-22, compared to the previous year, as the global automotive industry emerges from the recessionary impact of the coronavirus pandemic crisis. As production cycles resume, a gradual recovery is anticipated in the short-run, eventually translating into a stable outlook through 2031.

According to the report, growth prospects were weighed down significantly, attributed largely to a mature and stagnation in growth curves across the global automotive industry. Projections reflected a value of just under US$ 25 billion in 2017. In addition, automotive sales witnessed a marked decline of over 5%, down to nearly 92 million units by 2019.

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