North America Electric Vehicle Charging Stations Market to be Worth $17.6 Billion by 2030

 

According to a new market research report titled, ‘North America Electric Vehicle Charging Stations Market by Component, Charging Type, Connection Type (Connectors, Wireless Charging), Mounting Type, Vehicle Type (Passenger Cars, Two-wheelers & Scooters), End User and Geography—Forecast to 2030,’ North America electric vehicle charging stations market is projected to reach $17.6 billion by 2030, at a CAGR of 26.8% during the forecast period.

 

Electric vehicle charging stations are sites where one or more EVSEs are installed. These sites can be residential, non-residential, or commercial. These stations provide electric power to the vehicle and use that to recharge the vehicle's batteries. An electric vehicle charging station, called a charging dock, charging pile, or EVSE, includes the electrical conductors, related equipment, software, and communications protocols that deliver energy efficiently and safely to the vehicle.

 

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The growth of this market is driven by the rising incentives for installing charging stations in workplace & residential areas and the growing government initiative to reduce consumer barriers to EVs and installations of charging stations. However, the lack of grid capacities to support EV charging stations restrains the growth of this market. Furthermore, retail MNCs' growing deployment of charging stations and increasing electric mobility adoption are expected to create market growth opportunities. However, the uncertainty about financing charging station installations is a major challenge for players in this market. The latest trend in the market is electric vehicle charging stations powered by renewable energy.

 

The North America electric vehicle charging stations market is segmented by component (hardware [electric vehicle supply equipment (EVSE), cable management systems, and electrical distribution systems], software [charging station management systems (CSMS), smartphone applications, open charge point protocol (OCPP), and interoperability solutions], services [system integration & installation and maintenance]), charging type (Level 2, DC fast charging, and Level 1), connection type (connectors, pantographs, and wireless charging [static wireless EV charging and dynamic wireless EV charging]), mounting type (wall mount, pedestal mount, and ceiling mount), vehicle type (passenger cars, heavy commercial vehicles, light commercial vehicles, and two-wheelers & scooters), end user (commercial EV charging stations[commercial public EV charging stations {on-road charging, parking spaces, and destination chargers} and commercial private EV charging stations {fleet charging and captive charging}] and residential EV charging stations), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

 

Based on component, in 2023, the hardware segment is expected to account for the largest share of the North America electric vehicle charging stations market. The large market share of this segment is attributed to the increasing government initiatives aimed at electrifying public bus fleets and deploying associated charging infrastructure, the rising adoption of EVs, and the increasing deployment of EV charging stations. However, the software segment is projected to register the highest CAGR during the forecast period due to the growing need to manage real-time EV fleets.

 

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Based on charging type, in 2023, the Level 2 segment is expected to account for the largest share of the North America electric vehicle charging stations market. The large market share of this segment is attributed to the increasing support of longer driving ranges by providing a more substantial charge than Level 1 chargers and government incentives and regulations to promote the installation of Level 2 chargers. However, the DC fast charging segment is projected to register the highest CAGR during the forecast period due to increasing government rebates on purchasing DC fast charging stations and the rising need to provide significantly faster charging compared to Level 2 chargers.

 

Based on connection type, in 2023, the connectors segment is expected to account for the largest share of the North America electric vehicle charging stations market. The large market share of this segment is attributed to the growing need for reliable connectors to minimize the risk of electrical faults, and overheating, and the increasing need for faster charging connectors compatible with high-power DC fast charging. Also, this segment is projected to register the highest CAGR during the forecast period.

 

Based on mounting type, in 2023, the pedestal mount is expected to account for the largest share of the North America electric vehicle charging stations market. The large market share of this segment is attributed to the growing adoption of industrial EV fleet management and commercial charging stations and the increasing installation of Level 2 pedestal mounts in retail stores, supermarkets, and fuel stations. However, the wall mount segment is projected to register the highest CAGR during the forecast period due to the increasing use of either Level 1 or Level 2 electric vehicle supply equipment (EVSE).

 

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Based on vehicle type, in 2023, the passenger cars segment is expected to account for the largest share of the North America electric vehicle charging stations market. The large market share of this segment is attributed to the growing expansion of charging infrastructure networks and increasing adoption of electric vehicles, environmental concerns, and emission regulations. However, the heavy commercial vehicles segment is projected to register the highest CAGR during the forecast period due to the increasing adoption of electric mobility, public transport, and freight services.

 

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Based on end user, in 2023, the commercial EV charging stations segment is expected to account for the largest share of the North America electric vehicle charging stations market. The large market share of this segment is attributed to the increasing adoption of electric vehicles in commercial fleets for cost savings, rising government investment for commercial EV charging stations, and increasing infrastructure development for shared mobility services. Also, this segment is projected to register the highest CAGR during the forecast period.

 

Based on country/region, in 2023, the U.S. is expected to account for the largest share of the North America electric vehicle charging stations market. The U.S. market share is attributed to the presence of prominent key players, growing government initiatives to promote EV adoption and the increasing incentives for EVs and charging stations. However, Canada is projected to register the highest CAGR during the forecast period.

 

The key players operating in the North America electric vehicle charging stations market include ChargePoint Holdings, Inc. (U.S.), Blink Charging Co. (U.S.), ABB Ltd. (Switzerland), Tesla, Inc. (U.S.), BP p.l.c. (U.K.), EVgo Inc.(U.S.), Shell Plc (U.K.), EVBox Group (Netherlands), Electrify America LLC (U.S.), AddÉnergie Technologies Inc. (Canada), HANGZHOU AONENG POWER SUPPLY EQUIPMENT CO., LTD. (China), Webasto Group (Germany), EV Charging Installers America LLC, and Siemens AG (Germany).

 

TOP 10 COMPANIES IN NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET

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Related Research Report on:

 

Electric Vehicle Charging Stations Market, by Charging Type (Level 1, Level 2, DC Fast Charging) Connection Type (Pantograph, Connector, Wireless) Component (Hardware, Software, Services) Mounting Type (Wall, Pedestal, Ceiling) Vehicle Type, End User, and Geography - Global Forecast to 2030 >> https://www.meticulousresearch.com/product/electric-vehicle-charging-stations-market-5078?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=12-10-2023  

 

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“Blockchain Gaming Market” to be Worth $165.4 Billion by 2030

 According to a new market research report titled, ‘Blockchain Gaming Market by Platform (Ethereum, Polygon, Solana, Cardano, EOS, Binance Smart Chain), Model (Free-to-play, Pay-to-play, Play-to-earn), Genre, and Geography - Global Forecasts to 2030,’ the blockchain gaming market is expected to reach $165.4 billion by 2030, at a CAGR of 51.7% from 2023 to 2030.

 

Blockchain technology in the gaming industry offers new opportunities for monetization, security, and transparency. It creates unique digital assets that can be traded and sold on blockchain-based marketplaces, creating new revenue streams for game developers and players. Blockchain-based games offer the potential for more efficient and cost-effective microtransactions, enabling players to pay for small items or features in games without the need for intermediaries, and game developers can receive direct compensation.

 

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Several companies are integrating blockchain technology in games for secure and transparent tracking of transactions and ownership of in-game items. The growth of this market is mainly driven by the proliferation of player-driven economies, the increasing need for secured and transparent gaming environments, and growing investments and funding in blockchain gaming. Additionally, cross-game interoperability in multiple games or platforms, non-fungible tokens (NFTs), and play-to-earn model trends are expected to create market growth opportunities. However, complex standards & regulations for blockchain gaming restrain the growth of this market. Cybersecurity & data privacy issues are major challenges for players in this market.

 

Integration of game finance (GameFi), decentralized finance (DeFi), metaverse, and other virtual worlds are prominent trends in the blockchain gaming market.

 

The blockchain gaming market is segmented by platform (Ethereum, Polygon, Binance Smart Chain (BSC), Cardano, Flow, Solana, Electro-Optical System (EOS), and other platforms), model (free-to-play (F2P), pay-to-play (P2P), play-to earn (P2E), and other models), and genre (action/adventure, sandbox, simulation and sports, role-playing, player vs. player, multiplayer online battle arena, real-time strategy, shooters, racing, puzzlers and party games, survival horror, and other genres), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

 

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Based on platform, the global blockchain gaming market is broadly segmented into Ethereum, Polygon, Binance Smart Chain (BSC), Cardano, Flow, Solana, Electro-Optical System (EOS), and other platforms. In 2023, the Ethereum segment is expected to account for the largest share of the global blockchain gaming market. This segment's large share is attributed to its compatibility with various programming languages for flexible development options, established network and infrastructure for reliable and secure transactions, smart contract functionality and programmable in-game logic, growing need for transparency, immutability, and the seamless transfer of digital assets across games. However, the Binance Smart Chain segment is projected to register the highest CAGR during the forecast period.

 

Based on model, the global blockchain gaming market is broadly segmented into free-to-play (F2P), pay-to-play (P2P), play-to-earn (P2E), and other models. In 2023, the free-to-play segment is expected to account for the largest share of the global blockchain gaming market. This segment's large market share is attributed to its easy accessibility to a wide audience without upfront purchase or subscription fee, continuous content updates, the rise of smartphones and mobile gaming, and its ability to allow players seamlessly switch between different devices and continue their progress. However, the play-to-earn (P2E) segment is projected to register the highest CAGR during the forecast period.

 

Based on genre, the global blockchain gaming market is broadly segmented into action/adventure, sandbox, simulation and sports, role-playing, player vs. player, multiplayer online battle arena, real-time strategy, shooters, racing, puzzlers and party games, survival horror, and other genres. In 2023, the action/adventure games segment is expected to account for the largest share of the global blockchain gaming market. The large market share of this segment is attributed due to the increasing availability of action/adventure games across multiple platforms, including consoles, PCs, and mobile devices, and increasing investment from game developers and publishers for higher-quality productions and greater market visibility for action/adventure games. However, the role-playing segment is projected to register the highest CAGR during the forecast period.

 

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Based on geography, the global blockchain gaming market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global blockchain gaming market, followed by Europe and North America. The large market share of Asia-Pacific is mainly attributed to the increasing advancements in technology and infrastructure, including robust internet connectivity and widespread adoption of mobile devices, the rising popularity of the esports market in countries including China, India, Japan, and South Korea, and the growing supportive regulatory environment for blockchain gaming ventures. This market is also expected to witness rapid growth during the forecast period.

 

The report also includes an extensive assessment of the key growth strategies adopted by the leading market participants in the last three to four years. The key players operating in the blockchain gaming market are Sky Mavis (Singapore), Enjin Pte. Ltd. (Singapore), Immutable (Australia), Decentraland Foundation (China), Gala Games (U.S.), Animoca Brands Corporation Limited (Hong Kong), MyCryptoHeroes (Japan), Dapper Labs, Inc. (Canada), WAX (Worldwide Asset eXchange) (U.S.), Forte Labs, Inc. (U.S.), Lucid Sight (U.S.), Chromia (Sweden), Ultra (France), Mythical Games (U.S.), Splinterlands (U.S.), Wemade Co., Ltd. (South Korea), Dacoco Gmbh (Switzerland), Illuvium (Australia), Uplandme, Inc. (U.S.), and Sorare (France).

 

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ADAS Market to Reach $106.55 Billion by 2030

 

Meticulous Research^®—a leading global market research company, published a research report titled, ‘ADAS Market by Type (Blind Spot Detection Systems, Automatic Emergency Braking Systems), Automation (Level 1, 2, and 3), Component (Vision Camera Systems, Sensors), Vehicle, End Use (Passenger, Commercial), and Geography - Global Forecast to 2030.’

According to the latest publication from Meticulous Research^®, the ADAS market is projected to reach $106.55 billion by 2030, at a CAGR of 14% during the forecast period 2023–2030. The growth of the ADAS market is driven by stringent vehicle safety regulations, the rising demand for luxury cars, and the increasing integration of safety and comfort features in high-end vehicles. However, the lack of supporting infrastructure in developing countries restrains the growth of this market.

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Moreover, the emergence of autonomous vehicles, increasing developments in the autonomous shared mobility space, and the rising adoption of electric vehicles are expected to generate market growth opportunities. However, environmental and data security risks and the high costs of implementing ADAS are major challenges for the players operating in this market.

The global ADAS market is segmented based on system type, level of automation, component, vehicle type, end use, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.

Key Players: 

The key players profiled in the global ADAS market study include Continental AG (Germany), Valeo SA (France), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), and Aptiv PLC (Ireland), Autoliv, Inc. (Sweden), Denso Corporation (Japan), Garmin Ltd. (U.S.), Infineon Technologies AG (Germany), Magna International Inc. (Canada), Mobileye B.V. (Israel), Huawei Technologies Co., Ltd. (China), Qualcomm Technologies, Inc. (U.S.), Microsoft (U.S.), and NXP Semiconductors N.V. (Netherlands).

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Based on system type, the ADAS market is broadly segmented into adaptive cruise control systems, blind spot detection systems, automatic parking systems, pedestrian detection systems, traffic jam assistance systems, lane departure warning systems, tire pressure monitoring systems, automatic emergency braking systems, adaptive front-lighting systems, traffic sign recognition systems, forward collision warning systems, driver monitoring systems, and night vision systems. The blind spot detection systems segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the expanding e-commerce and logistics sector, the increasing adoption of BSD systems in vehicles, and the rising use of complementary metal oxide semiconductors (CMOS) image sensors.

Based on level of automation, the ADAS market is broadly segmented into level 1, level 2, and level 3. The level 3 segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising demand for self-driving vehicles and the increasing initiatives by major market players aimed at launching advanced Level 3 autonomous cars.

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Based on component, the ADAS market is broadly segmented into vision camera systems, sensors, ECU, software, and actuators. The sensors segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising need to reduce greenhouse gas emissions and the increasing demand for sensors in hybrid powertrains.

Based on vehicle type, the ADAS market is broadly segmented into internal combustion engine, hybrid, and electric vehicles. The electric vehicles segment is projected to register the highest CAGR during the forecast period. The supportive government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, decreasing prices of batteries, and advancements in charging technologies are the key factors driving the growth of electric vehicles in the ADAS market.

Based on end use, the ADAS market is broadly segmented into passenger and commercial vehicles. The commercial vehicles segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increase in fuel prices and stringent emission norms set by governments, the growing adoption of autonomous delivery vehicles, and the increasing adoption of electric buses and trucks.

Based on geography, the ADAS market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to command the highest CAGR of the global ADAS market. The market growth in the region is attributed to the huge presence of component manufacturers, the growth of the overall automotive sector, and the high demand for sensors for automated vehicle prototypes.

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Key Questions Answered in the Report:

·  Which are the high-growth market segments in system type, level of automation, component, vehicle type, end use, and geography?

·  What is the historical market size for ADAS across the globe?

·  What are the market forecasts and estimates for the period 2023–2030?

·  What are the major drivers, opportunities, and challenges in the global ADAS market?

·  Who are the major players in the market, and what are their market shares?

·  How is the competitive landscape for the global ADAS market?

·  What are the recent developments in the global ADAS market?

·  What are the different strategies adopted by the major players in the market?

·  What are the key geographic trends, and which are the high-growth countries?

·  Who are the local emerging players in the global ADAS market, and how do they compete with other players?

Fruit and Vegetable Ingredients Market to Reach $294.5 Billion by 2030

 

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Fruit and Vegetable Ingredients Market by Category (Fruit, Vegetable), Type (Pieces, Powders, Concentrates, Purees, Paste), Nature (Organic, Conventional), and Application (Beverages, Bakery, Dairy, Soups, Sauces, Savory) - Global Forecast to 2030’

According to this latest publication from Meticulous Research^®, the global fruit and vegetable ingredients market is projected to reach $294.5 billion by 2030, at a CAGR of 5.5% from 2023 to 2030. The growth of the fruit and vegetable ingredients market is mainly attributed to the growing demand for natural ingredients, the wide range of benefits of fruits & vegetable ingredients in the food & beverage industry, and the rising demand for RTE & RTD products. Furthermore, growing demand for functional food products and emerging economies are expected to create market growth opportunities. However, fluctuating raw material prices and problems associated with storage and material handling hinder the growth of this market to some extent.

The fruit and vegetable ingredients market is segmented by category (fruit ingredients and vegetable ingredients), type (concentrates, pieces & powders, NFC juices, paste & purees, and other types), nature (organic and conventional), application (beverages, bakery & confectionery products, dairy products, soups & sauces and savory & prepared food products, and other products), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at regional and country levels.

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Among all the categories studied in this report, the fruit ingredients segment is expected to account for the largest share of the global fruit and vegetable ingredients market in 2023. The large market share of this segment is attributed to factors such as the ease and widened adoption in various applications, low cost, and easy availability in various forms.

Among all the types studied in this report, the concentrates segment is expected to dominate the global fruit and vegetable ingredients market. The dominant position of this segment is mainly attributed to high adaptability in beverages and other applications offering a favorable taste, flavor, improved quality, and convenience. Also, minimized costs and limited logistical hassles support the growth of this segment.

Among all the natures studied in this report, the organic segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to factors such as increasing demand for organic food and beverages, the growing trend of sustainable & natural food, and rising awareness about clean-label products. Additionally, organic ingredients are perceived to be safer and healthier as they are free from any chemicals and pesticides, which further supports the growth of this segment.

Among all the applications studied in this report, the beverages segment is expected to dominate the global fruit and vegetable ingredients market. The large share of this segment is mainly attributed to the growing awareness of health benefits related to natural flavors in beverages, new product development & launches of beverages, rising demand for organic beverages, and growing popularity of flavored soft drinks. Also, the growing demand for health and sports drinks with enhanced nutritional value is expected to support the growth of this segment.

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Among all the regions studied in this report, in 2023, Europe is expected to account for the largest share of the fruit and vegetable ingredients market. The large market share of this region is attributed to factors like rising consumer demand for healthier and natural products, growing consumption of ready-to-eat food and beverage products with high nutritional value, and growing health and wellness concerns. Also, product launches with free-from, organic, and clean-label claims further augment the growth of this region.

Key Players

The global fruit and vegetable ingredients market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the global fruit and vegetable ingredients market are Archer-Daniels-Midland Company (U.S.), Olam International Limited (Singapore), Cargill, Incorporated (U.S.), AGRANA Beteiligungs-AG (Austria), Hans Zipperle AG/S.p.A. (Italy), Döhler GmbH (Germany), Ingredion Incorporated (U.S.), SunOpta (U.S.), SVZ International BV (Netherlands), and KangMed, Inc. (China).

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Key Questions Answered in the Report-

·  What is the current value of revenue generated by the global fruit and vegetable ingredients market?

·  At what rate is the global fruit and vegetable ingredients demand projected to grow for the next 5–7 years?

·  What are the historical market sizes and growth rates of the global fruit and vegetable ingredients market?

·  What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?

·  Which segments in terms of category, type, nature, and application category create major traction for the manufacturers in this market?

·  What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the fruit and vegetable ingredients market?

·  Who are the major players in the global fruit and vegetable ingredients market? What are their specific product offerings in this market?

·  What are the recent strategic developments in the global fruit and vegetable ingredients market? What are the impacts of these strategic developments on the market?

 

Electric Scooter Market to Reach $345.79 Billion and 255.71 million Units by 2030

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Kick scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user - Global Forecasts to 2030.’

 

The global electric scooter market is expected to reach $345.79 billion by 2030, at a CAGR of 21.6% during the forecast period from 2023 to 2030. By volume, this market is projected to reach 255.71 million units, at a CAGR of 17.5% during the forecast period. The growth of the electric scooter market is driven by the increasing localization of electric two-wheeler manufacturing in emerging economies, increasing consumer acceptance of electric two-wheelers, and growing adoption of E-PTWs (electric-powered two-wheelers) for personal mobility & leisure in developed economies.

 

However, inadequate initiatives by legacy two-wheeler manufacturers to invest in electric scooter and increasing incidents of accidents involving electric two-wheelers are restraining the growth of this market. The potential of electric two-wheelers to reduce traffic congestion and pollution in cities is expected to create market growth opportunities. However, the inadequate availability of charging infrastructure in emerging economies and the lack of standardized regulations related to ownership, registration, licensing, and use in traffic are major challenges for players operating in the electric scooter market.

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The global electric scooter market is segmented by vehicle type, power output, battery technology, motor type, charging type, end use, and geography. The study also evaluates industry competitors and analyses the country and regional-level markets.

 

Based on vehicle type, the electric scooter market is mainly segmented into electric motorcycles, e-kick scooters & bikes, and electric mopeds. By value, in 2023, the e-kick scooters & bikes segment is expected to account for the largest share of the global electric scooter market. The large market share of this segment is attributed to the incentives and infrastructure created by the governments for e-bikes in the Asia-Pacific region (especially in China, India, and Singapore). Other factors supporting the high market share of this segment include the perceived benefits of e-kick scooters & bikes in reducing congestion, accidents, noise pollution, greenhouse gases, and local air quality improvements, among others. However, the electric motorcycles segment is expected to register the highest CAGR during the forecast period.

 

Based on power output, the electric scooter market is segmented into less than 3.6kW, 3.6kW to 7.2kW, and 20kW to 100 kW. In 2023, the less than 3.6kW segment is expected to account for the largest share of the global electric scooter market. The large share of this segment is mainly attributed to the increasing adoption of e-scooters & bikes for urban commute and recreational activities, rising initiatives by government authorities for increasing adoption of e-scooters & bikes, and increasing investments by ride-hailing companies for deploying e-scooters & bikes for micro mobility.

 

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Based on battery technology, the electric scooter market is segmented into sealed lead-acid, lithium-ion, and lithium-ion polymer. The lithium-ion segment is expected to account for the largest share of the electric scooter market in 2023. The large share of this segment is attributed to factors such as high energy densities of li-ion batteries, longer effective lifespan compared to other batteries available in the market and increasing investments by governments of emerging economies to localize li-ion battery manufacturing for EVs.

 

 

Based on motor type, the electric scooter market is segmented into hub and mid-drive motors. The hub motors segment is expected to account for the largest share of the electric scooter market in 2023. The large share of this segment is mainly attributed to factors such as increased power/speed, high torque, extended range per charge, and better vehicle handling due to lightweight design.

 

Based on end user, the electric scooter market is segmented into government institutions, academic institutes/universities, business organizations, micromobility service providers, and individuals. The business organizations segment is expected to account for the largest share of the electric scooter market in 2023. The large share of this segment is mainly attributed to the increasing government subsidies and support to promote electric mobility, increasing use of e-scooters & bikes by courier and e-commerce delivery personnel, and the growing implementation of mobility-as-a-service.

 

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Based on geography, the electric scooter market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global electric scooter market. The large share of the Asia-Pacific region is attributed to the increasing adoption of electric mopeds in emerging economies such as India, the presence of industry-leading electric mopeds and electric motorcycle manufacturers in the region, the high popularity of two-wheelers for personal mobility and short commutes, increasing initiatives by governments in countries such as Thailand and Indonesia to drive adoption of electric mopeds and motorcycles in their respective countries.

 

Key Players

 

The key players operating in the global electric scooter market are Fuji-Ta Bicycle Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Riese & Müller GmbH (Germany), Leon Cycles (Germany), Niu Technologies (China), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Magnum Bikes (U.S.), Pedego Inc. (U.S.), Aventon Bikes (U.S.), Govecs AG (Germany), Zhejiang Minimotors Bike Co Ltd (China), Zero Motorcycle Inc. (U.S.), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd (India), Energica Motor Company (Italy), Revolt Motors (India), Hero MotoCorp Ltd. (India), and Rad Power Bikes Inc. (U.S.).

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Key Questions Answered in the Report:

 

Which are the high-growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and geography?

What is the historical market size for electric scooter across the globe?

What are the market forecasts and estimates for the period 2023–2030?

What are the major drivers, restraints, opportunities, and challenges in the global electric scooter market?

Who are the major players in the market, and what are their market shares?

How is the competitive landscape for the global electric scooter market?

What are the recent developments in the global electric scooter market?

What are the different strategies adopted by the major players in the market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the global electric scooter market, and how do they compete with other players?

 

 

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Asia-Pacific Agriculture Irrigation Equipment Market to Reach $7.51 Billion by 2030

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Asia-Pacific Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler, Furrow Irrigation), Component (Tubing, Emitter, Drippers, Sprinklers, Filter), Application (Open-field {Cereals & Grains, Fruit and Vegetables}, Closed-field) - Forecast to 2030.’

 

According to this latest publication from Meticulous Research®, the Asia-Pacific agriculture irrigation equipment market is projected to reach $7.51 billion by 2030, at a CAGR of 6.4% from 2023 to 2030. The growth of this market is driven by the increasing government initiatives to support farmers, the rising awareness regarding modern agricultural operations, and rising water scarcity. However, the high initial investments and maintenance costs of advanced agriculture irrigation equipment hinder this market's growth.

 

Moreover, technological advancements in irrigation equipment and the rising automation of irrigation systems are expected to create market growth opportunities for the stakeholders operating in this market. However, low awareness of advanced agriculture irrigation technologies is a major challenge for the players in this market. Additionally, the increasing adoption of precision farming techniques is a prominent trend in the Asia-Pacific agriculture irrigation equipment market.

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Key Players:

 

The Asia-Pacific agriculture irrigation equipment market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the agriculture irrigation equipment market in Asia-Pacific are Netafim Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Jain Irrigation Systems Limited (India), T-L Irrigation Company (U.S.), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Rivulis Irrigation Ltd. (Israel), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel), Mahindra EPC Irrigation Limited (India), Harvel Agua India Private Limited (India), and Chinadrip Irrigation Equipment (Xiamen) Co., Ltd. (China).

 

The Asia-Pacific agriculture irrigation equipment market is segmented by type (drip irrigation, sprinkler irrigation, pivot irrigation, furrow irrigation systems, and terraced irrigation), component (tubing, sprinklers head, emitter/drippers, irrigation valves, filters, irrigation controllers, and other components), application (open-field agriculture {cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops}, and closed-field agriculture), and country (China, India, Japan, Australia, and Rest of Asia-Pacific).

 

Based on type, the Asia-Pacific agriculture irrigation equipment market is segmented into drip irrigation, sprinkler irrigation, pivot irrigation, furrow irrigation systems, and terraced irrigation. The drip irrigation segment is expected to account for the largest share of the Asia-Pacific agriculture irrigation equipment market in 2023. The large market share of this segment is attributed to factors such as rising demand for drip irrigation systems, primarily in row and horticultural crops, rising government support and subsidies for drip irrigation to mitigate the impact of water scarcity, and rising demand for precision irrigation technologies. Furthermore, the drip irrigation segment is expected to register the highest CAGR during the forecast period of 2023-2030. The growth of this segment is attributed to technological advancements in micro-irrigation systems, rising awareness about advanced irrigation technologies, and the need for efficient water management in the agriculture sector.

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Based on component, the Asia-Pacific agriculture irrigation equipment market is segmented into tubing, sprinklers head, emitter/drippers, irrigation valves, filters, irrigation controllers, and other components. In 2023, the tubing segment is expected to account for the largest share of the Asia-Pacific agriculture irrigation equipment market. The large market share of this segment is attributed to the increasing adoption of drip and sprinkler irrigation techniques, where tubing plays a crucial role as an essential component for delivering water directly to plant roots. Moreover, the tubing segment is projected to register the highest CAGR during the forecast period of 2023–2030. This growth is driven by innovations in tubing technology and the absence of viable substitutes for tubing in irrigation systems.

 

Based on application, the Asia-Pacific agriculture irrigation equipment market is segmented into open-field agriculture and closed-field agriculture. In 2023, the open-field agriculture segment is expected to account for the larger share of the Asia-Pacific agriculture irrigation equipment market. The large market share of this segment is attributed to the extensive land area dedicated to open-field agriculture, the rising demand for row crops, and the increasing government initiatives aimed at reducing water wastage through conventional irrigation methods to address water scarcity challenges in the region.

 

Geographic Review

 

In 2023, China is expected to account for the largest share of the Asia-Pacific agriculture irrigation equipment market, followed by India and Japan. China’s significant market share is attributed to rising government initiatives for water conservation, extensive agricultural land area, increasing adoption of micro-irrigation systems in response to growing water scarcity concerns, the integration of automation in irrigation systems, and a robust presence of both international and domestic irrigation equipment manufacturers in the country.

 

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Key Questions Answered in the Report-

 

What is the revenue generated by the sales of agriculture irrigation equipment in Asia-Pacific?

At what rate is the demand for agriculture irrigation equipment projected to grow in Asia-Pacific in the next 5-7 years?

What is the historical market size and growth rate for the Asia-Pacific agriculture irrigation equipment market?

What are the major factors impacting the growth of this market in Asia-Pacific?

What are the major opportunities for existing players and new entrants in the market?

Which type, component, and application segments are expected to create major traction for the manufacturers in this market?

What are the key geographical trends in this market? Which countries are expected to offer significant growth opportunities for the manufacturers operating in the Asia-Pacific agriculture irrigation equipment market?

Who are the major players in the Asia-Pacific agriculture irrigation equipment market? What are their specific product offerings in this market?

What recent developments have taken place in the Asia-Pacific agriculture irrigation equipment market? What impact have these strategic developments created on the market?

 

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Asia-Pacific Industrial Automation Market to be Worth $136.90 Billion by 2030

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Asia-Pacific Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi, Fully Automatic), End User (Oil & Gas, Automotive, F&B, Others), and Geography - Forecast to 2030.’

 

According to this latest publication from Meticulous Research®, the Asia-Pacific Industrial Automation Market is projected to reach $136.9 billion by 2030, at a CAGR of 9% from 2023 to 2030. The growth of this market is driven by the growing adoption of robots in the manufacturing sector, government initiatives to promote industrial automation, and increasing investments in transforming conventional production facilities. The growing number of SMEs and rising demand for IIoT in Asia-Pacific's manufacturing sector are expected to offer significant growth opportunities for the stakeholders in the Asia-Pacific industrial automation market. The high initial investment may restrain the market's growth. Furthermore, the limited availability of skilled labor and cyber risks associated with automated systems are expected to challenge the growth of the Asia-Pacific industrial automation market.

 

The Asia-Pacific industrial automation market is segmented by component (enterprise-level controls, [product lifecycle management {PLM}, enterprise resource planning {ERP}, manufacturing execution systems {MES}], plant instrumentation [motors & drives, robot {articulated robots, cartesian robots, SCARA, collaborative robots, other robots}, sensors, machine vision systems {cameras, optics and LED lighting}, relays & switches, other plant instrumentation components] and plant-level controls [supervisory control and data acquisition {SCADA}, distributed control systems {DCS}, programmable logic controllers {PLC}, and other plant-level controls]), mode of automation (semi-automatic systems, fully-automatic systems), end user (oil & gas [upstream, midstream, downstream], chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage [beverages & distilleries, dairy processing, bakery & confectionary, meat, poultry, and seafood products, fruits & vegetables, oil & fats, other F&B end users], power, consumer goods, automotive, machines & tools, electronics & semiconductors, aerospace & defence, and other end users).

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Based on component, the Asia-Pacific industrial automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. In 2023, the enterprise-level controls segment is expected to account for the largest share of the Asia-Pacific industrial automation market. The large market share of this segment is attributed to the high adoption of PLM, ERP, and MES solutions for streamlining the production & enterprise processes across the manufacturing & industrial sectors, the increasing need to automate industrial production with industrial automation software, the rising popularity of connected industrial automation solutions, and the growing demand to analyze productivity and efficiency in industries.

 

However, the plant-level controls segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing need to improve the productivity of manufacturing/industrial engineers across the industries, the growing need to enhance supply chain operations, maintenance management, data collection, and product configurations, increasing implementations of SCADA to control and optimize industrial operations, and increasing deployments of HMI for displaying data, tracking production time and trends, and monitoring machine inputs and outputs.

 

Based on mode of automation, the Asia-Pacific industrial automation market is segmented into semi-automatic systems and fully automatic systems. In 2023, the semi-automatic systems segment is expected to account for the larger share of the Asia-Pacific industrial automation market. The large market share of this segment is attributed to the growing demand for semi-automatic systems for companies that emphasize improving their manufacturing process but hesitate or cannot eliminate operator assistance and growing technological advancements in semi-automatic systems.

 

However, the fully automatic systems segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need to increase industrial production capabilities. Adopting fully automatic systems helps companies increase their throughput volumes by automating the feeding and assembly processes. The companies adopting fully automatic systems are usually large-scale companies with automated equipment in their operating facilities and are exploring ways to minimize long-term costs by reducing human labor.

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Furthermore, the rising focus of key players on product development and enhancement is expected to drive segment growth. For instance, in January 2021, Yokogawa Electric Corporation (Japan) launched the new version of CENTUM VP R6.08. This version of the integrated production control system includes enhancements such as CPU module upgrade, enhanced online upgrade, and CPU module replacement. This can be used for plant operation monitoring and automatic control.

 

Based on end user, the Asia-Pacific industrial automation market is broadly segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2023, the oil & gas segment is expected to account for the largest share of the Asia-Pacific industrial automation market. The large market share of this segment is attributed to the increasing implementation of automation technologies to improve decision-making, troubleshooting, and performance efficiency in oil & gas exploration activities.

 

Additionally, rising initiatives for the digitalization of oil & gas industry are expected to drive segment growth. For instance, in May 2023, Essar Exploration & Production Ltd. (India), India's leading pioneering unconventional hydrocarbon player, collaborated with Sensia LLC (U.S.) to digitalize oil and gas field operations to enhance operational efficiencies. The strategic collaboration aims to unify measurement systems, optimize decision-making, and enable remote control of critical parameters across Essar wells, facilities, and customer interfaces.

 

However, the automotive segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing implementation of machine vision systems and sensor technologies by automotive manufacturers, increasing utilization of robotics for automotive body assembly automation, including streamlining repetitive processes like welding, material handling, and assembling auto body components, and intelligent automation for enhanced manufacturing flexibility. Automotive manufacturers can save on labor costs and rework, improving quality and repeatability with robotics, vision, and software integration.

 

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Based on geography, the Asia-Pacific industrial automation market is segmented into China, Japan, India, South Korea, Thailand, Singapore, Vietnam, Taiwan, Australia, Malaysia, New Zealand, Indonesia, and the rest of Asia-Pacific. In 2023, China is expected to account for the largest share of the Asia-Pacific industrial automation market. China’s major market share is attributed to the rising opportunities for industrial automation in the manufacturing sector, the growing presence of leading manufacturing companies to implement industrial automation solutions, the growing economy, and rising investments in Industry 4.0.

 

Also, the increasing installation of industrial robots in China and the strong presence of automation machinery manufacturing companies are improving the significance of the Asia-Pacific industrial automation market. Companies are exerting efforts to launch innovative programs or focus on expansion across the country, which helps to promote the growth of the industrial automation market in China. For instance, in June 2023, ABB Ltd (Switzerland) collaborated with China Telecom Corporation Limited (China) to focus on developing end-to-end industrial IoT solutions for industrial companies based in China.

 

Moreover, China is also projected to register the highest CAGR during the forecast period. The growth of this region is driven by the reduced cost of automation systems, increasing labor costs, and increasing safety and hygiene requirements in the industrial sector. In December 2022, ABB Ltd (Switzerland) invested USD 150 million in its state-of-the-art, fully automated, and flexible robotics factory in Kangqiao, Shanghai, China. This investment will deploy the company’s digital and automation technologies to manufacture next-generation robots – enhancing ABB’s robotics and automation leadership in China. Such development is expected to support the growth of the market.

 

Key Players:

 

Some of the key players operating in the Asia-Pacific industrial automation market are ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Fuji Electric Co., Ltd. (Japan), and General Electric Company (U.S.).

 

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Key questions answered in the report:

 

Which are the high-growth market segments in terms of component, mode of automation, and end user?

What is the historical market size for industrial automation across the Asia-Pacific?

What are the market forecasts and estimates for 2023–2030?

What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific industrial automation market?

Who are the major players in the Asia-Pacific industrial automation market, and what are their market shares?

How is the competitive landscape?

What are the recent developments in the Asia-Pacific industrial automation market?

What are the different strategies adopted by the major players in the market?

What are the geographic trends and high-growth countries?

Who are the local emerging players in the Asia-Pacific industrial automation market, and how do they compete with other players?

 

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