All sectors, including the energy one, have come to a point when effective and sustainable production is of the essence. Nevertheless, current development in artificial intelligence (AI) seems to present an alternative that could change the way energy is generated, distributed, and consumed. AI can assist in streamlining processes and improving the decision-making process which, in turn, may promote sustainability within the energy sector.
Maintenance prediction stands out also as one of the sectors where the aid of AI is greatly felt. Such prediction is achievable through AI algorithms that analyze to determine possible machine failure by predicting the time of failure of equipment using available large datasets from sensors and other machines. This makes it possible to perform maintenance in good time, thus preventing loss of productivity. This decreases the cost of operations and enhances the lifespan of the machines thus promoting sustainability.
Another area where renewal resources are developed for better use is energy generation, where AI is a game changer. For instance, machine learning algorithms can optimize the layout of solar panels/ wind turbines subject to a few variables such as the weather, to optimize power output. This not only enhances the total output of renewable energy sources but also makes them more reliable and cost-effective.
Furthermore, AI is considerably boosting the effectiveness of energy usage and its distribution as well as reducing waste. Smart grid technology allows the energy distribution network to be modified in real-time to optimize energy consumption thus reducing wastage and increasing reliability of the system. The energy performance of buildings also can be enhanced by building energy management systems powered by AI, thereby creating huge cost and environmental benefits.
Moreover, artificial Intelligence, which enables machines to think and act intelligently, and processes huge volumes of information with enormous speed and minimum help from humans, is at the core of the fourth industrial revolution. Nearly all industries are experiencing AI development and transformation of traditional approaches; changes are also swift in the energy sector, leading to increased consumption.
Figure 1: Global Primary Energy Consumption, Twh, 2022 to 2023
Source: Energy Institute – Statistical Review of World Energy
Major Trends
Intelligent Power Consumption
Smart or Intelligent Grid
Electricity Trading
Disaster Recovery
Enhancing Energy Generation
Let’s discuss each one in detail.
1. Intelligent Power Consumption
One of the most significant applications of AI in the energy sector is assumed to be energy efficiency. AI helps to manage energy usage judiciously and design projects that have an environmentally beneficial effect. In many countries such as the Netherlands, avoiding waste and energy saving is of great importance. AI allows the smart home network to not only adjust its patterns of electricity usage according to the electricity market but also implement these patterns within the house to save on costs and optimize energy usage.
Moreover, to try and monitor energy consumption, those smart devices allow users to interact with their energy thermostats or other appliances in their household. These devices powered by AI are able to allow certain decision-making processes that help in energy conservation, for instance, disconnecting some appliances when the price of energy is high.
2. Smart or Intelligent Grid
In the energy sector, the smart grid is one more example of the technology-enhanced by AI. The key idea behind the Smart grid is using Artificial Intelligence to do many manual tasks which enhance efficiency, and reliability and reduce costs. The smart grid system is designed to control the processes of electricity distribution by including various intelligent elements, such as digital sensors, communication systems, information technologies, controlling technologies, and executors. Smart grids cover the entire energy distribution process from generation to consumption and allow for intelligent forecasting, detailing, diagnosis, resolution, and management of problems at every stage.
Moreover, there has been an exacerbated concern about the Smart grid’s role due to the shift to renewable sources of energy. With the diverse resources of renewable energy, for instance, hydropower, biomass, and geothermal energy (especially in America), wind and solar strategic systems have to be put in place to accommodate all the above mentioned. To take advantage of this opportunity, the government of the Netherlands initiated the Intelligent Grids Innovation Programme and supported through nearly 100 pilot projects carried out by Dutch companies on the development of smart meters and grid systems in the country.
3. Electricity Trading
As with most commodities, electricity is also a tradable commodity that can be sold and bought in the open markets. However, to function effectively the electricity market also known as power exchange constitutes considerable volumes of information from supply balance, grid demand, weather forecasting and many more.
Further, certain aspects of the electricity trading process can be improved with the use of artificial intelligence. First, due to machine learning and neural networks, AI can make forecasts more accurate. Power trading also involves very large amounts of data which, naturally, can be processed by AI that can provide instantaneous results. It also increases the amount of electricity that can be sold on the market by combining different sources of energy so that they work in unison.
4. Disaster Recovery
Hurricanes, tsunamis, earthquakes, floods, wildfires and many more can greatly affect the power supply. Gas and power lines in addition to other facilities are usually grossly destroyed during these natural calamities making it impossible for power restoration for days, weeks and sometimes even months depending on the level of destruction caused.
Unlike other existing systems, which may be restricted to part of the restoration process of power, due to AI, it becomes possible to speed up the recovery process and hence restoration of power to the relevant places. AI technology enables the assessment of the entire system as well as its intelligent management to predict the availability of power in specified areas and supply power to critical areas only. In other words, when the calamity is over, damage can be assessed by the AIs, the hierarchy can be optimized and the necessary measures for restoring power can be calculated accurately.
5. Enhancing Energy Generation
AI is improving the efficiency of power generation by offering predictive maintenance, real-time monitoring, and advanced analytical capabilities. With these capabilities, Energy producers can optimize the power generated, eliminate wastage and extend the usefulness of critical resources. In particular, forecasting weather conditions is possible due to artificial intelligence and therefore, energy producers of wind and solar energy can assess energy generation and control supply more effectively. This predictive feature ensures that there is a grid system that is less prone to fluctuations even with the incorporation of variable renewable sources.
For instance, AI models can process a vast amount of sensor data to detect wear and tear patterns at an early stage preventing breakdowns and extensive downtime of solar panels, boilers, and turbines. This is important for both renewable and non-renewable-based power plants as it improves operational performance and minimizes the cost of maintenance.
In conclusion, the application of AI can effectively transform how energy is consumed and generated. Above all, energy management practices will improve, and pollution will cease to exist. However, harnessing AI in the energy sector can achieve maximum benefits as all its challenges are addressed and innovative systems are constantly made effective, secure and resilient. The energy industry, as it is today, can face challenges by simply using artificial intelligence in moderation for the benefit of designing a more advanced and clean environment.
As the technology develops, it is clear that the energy sector will have expanded application of AI in the next several years that will create possibilities and efficiencies that one could not even imagine.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/12/AI-in-the-energy-and-power-market_11zon.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-12-23 09:25:322024-12-23 09:37:33Powering the Future: The Role of AI in Revolutionizing the Energy Sector
The mobile artificial intelligence market is expected to grow at a CAGR of 28.49%, reaching a market size of US$79.367 billion in 2029 from US$22.658 billion in 2024.
Mobile AI is the integration of artificial intelligence-based technologies into various forms of mobile devices, which majorly include smartphones and tablets. The integration of artificial intelligence in mobile devices offers a wide range of advantages to users, as it helps in enhancing the user’s experience, and helps in enhancing the security of the device. The AI-based tools and platforms can also help in analyzing and monitoring user activity trends and can help in personalizing and organizing notifications, tasks, and settings.
With the increasing global ownership of smartphones across the globe, the integration of AI into mobile devices is expected to grow significantly. Various global companies and market leaders have introduced key solutions and products for the mobile AI market. For instance, in November 2024, Rabbit Inc., a global AI solution provider, announced the launch of the teach mode agent system, which allows the users of r1 users to custom-create AI agents for mobile devices. Similarly, in October 2024, Huawei Technologies Co., Ltd. launched 5G-AA solutions for the mobile AI devices.
By component, the mobile AI market is segmented into three major categories which include hardware, software, and services. The hardware category is further divided into processor, memory, sensor, and others. The hardware category of the component segment of the mobile AI market is expected to witness significant growth. An AI processor is a type processing unit, which integrates CPUs and discrete acceleration. It also includes multiple components of hardware, like GPUs, FPGAs, AI accelerators, and neural processing units among others. AI memory is a type of hardware system, that stores, utilizes, and retrieves information related to artificial intelligence tools. The AI memory helps enhance the performance and accuracy of the AI-based tool, and its responses. Multiple types of AI sensors are being integrated into mobile devices, which include AI motion sensing capture and inductive sensors among others.
The technology node segment of the mobile AI market is categorized into 20–28nm, 10nm, 7nm, and others. The 7nm category of the technology node segment under the mobile AI market is expected to witness significant growth. The 10nm technology node is a type of multi-gate MOSFET technology, which offers improved speed and reduced energy consumption over others. The 7nm technology node is considered the most suitable for the mobile AI application, as it offers higher reliability and flexible utilization.
The mobile AI market, under the end-user segment, is divided into smartphones, cameras, drones, automotive, robotics, AR/ VR, and others. The smartphone category is forecasted to witness greater growth in the end-user segment of the mobile AI market. The increasing global ownership of smartphones and the introduction of key technologies in the segment is expected to boost the category further.
Based on geography, the North American region is expected to witness significant growth in the global mobile AI market. The North American region is among the global leaders in artificial intelligence-based technology development, and it is also home to some of the biggest AI technology and mobile devices leaders, like Google, Meta, Apple, Microsoft, and Nvidia among others. Similarly, the region also offers increasing private and governmental investments in the AI-based technology market.
As a part of the report, the major players operating in the mobile AI market that have been covered are Qualcomm Inc., Nvidia, Intel Corporation, IBM Corporation, Microsoft Corporation, Apple Inc., Huawei (Hisilicon), GoogleLLC, Mediatek, Samsung, and Cerebras Systems.
Composite coatings are protective coatings that apply the substrate to steel or concrete and protect it against corroding damage. it comprises of a synthetic resin of epoxy and polyurethane, typically coating several layers. Normally utilized in construction for their safe protection against corrosion on steel and thermal barrier properties on concrete and other materials. Composite coatings are lightweight and low volatile organic compound (VOC). The composite coatings market is growing with progression due to need for lighter, stronger materials in aircraft and automobiles where weight is reduced for better fuel economy and performance. Thus, composite coatings represent an important factor in these above areas. Increased production in the automobile sector, in turn, will increase the market for composite coatings, being so critical to the new automobile’s needs of protection, aesthetics, and needs of repair and restoration in the refinish automotives. The International Organization of Motor Vehicle Manufacturers (OICA) recorded a production increase of 10% in 2023 vehicles, with 93,546,599 produced in all, including cars numbering 67,133,570 and commercial vehicles numbering 26,413,029.
Figure 1: Vehicle Production in the World, in Million, in 2023
Source: OICA
Top companies in the composite coatings market
AkzoNobel
PPG Industries
Sherwin Williams
INOMETA (AVANCO Group)
Let’s discuss each in detail.
AkzoNobel
AkzoNobel is a global leader in the manufacturing of paints and coatings products and solutions. It is based in the Netherlands, with the company having over 150 countries in its accessibility across the globe. It pursues brands such as Dulux, International, Sikkens, and Interpon, focusing its business on more sustainable and innovative solutions. In addition, they push themselves to always innovate in the types of solutions they are delivering in all areas, especially in enhancing their sustainability and longevity aspects.
The strategy of the company is a balance between growth and improvement in profitability, to become a first-class portfolio of brands in terms of coverage by distributing revenue with 50% coming from emerging markets, across-the-board global geography so that the sources of income are well spread out worldwide to help build growth and enhance profitability in its products The company generates strong cash generation for itself through the positioning of a well-placed consumer base which will hold it at optimum drive to enjoy the fastest turnarounds in growth as well as profitability improvement.
AkzoNobel provides in detail all composite coatings product lines from the specialized divisions, namely Aerospace Coatings. Under this, it offers Aerodur Barrier Primer 37045, a solventborne chromate-free 3-component isocyanate-cured epoxy primer for composites and plastics, in black and white colors only. The maximum gloss level of the product is 25 GU. It gives a coverage of 35 m² per liter and 1423 ft² per US gallon. The assumed application of their composite coatings are related to aerospace defense sector that require lightweight but high-performance materials.
PPG Industries, Inc.
PPG is a worldwide leader in paints, coatings, and materials, with operations in over 70 nations and a customer trust of 135 years. It has several products suited to industries such as aerospace, automotive, industrial, and protective and marine. A commitment to high quality and innovation is very well-known of the company. It currently has more than 156 manufacturing sites serving across 70 countries. PPG focuses on providing innovative and environmentally viable coating solutions that improve product performance and aesthetics over time across a plethora of applications.
The company offers high-performance coating products for composite structures. They are a leading name in aerospace coatings, offering products for exteriors and interiors of aircraft that are resistant to extreme conditions. PPG also provides automotive coatings, which include original equipment manufacturer (OEM) and refinishing, with promises of durability and colorfastness under exceptional, high-quality finishes. They also provide industrial coatings like protective coatings for metal structures, powder coatings, and specialty coatings for difficult conditions.
Sherwin-Williams
Sherwin-Williams is another well-known producer for paint and coatings industries that has the widest variety of products for varied forms of use such as residential, commercial, industrial, and marine products. The company was started in 1866 and has a long history of developing business, innovating, and meeting the needs of the workforce and global customers. They market their branded products through exclusive sale in over 5,000 stores across the US, Canada, the Caribbean, and Latin America. They have engineered paint and coating solutions that can reach more than 120 countries doing business in construction; industrial; packaging; and transportation markets. The company comes with complementing reputation in terms of quality, shades from the extensive color spectrum available, and an ironclad commitment to innovation and customer support.
The company works as an integrated major, focusing mainly on composite coatings in its industrial coatings division. Their composite coatings are primarily intended for the industrial application requiring durability, corrosion resistance, and specific performance characteristics. Their pigmented wood/composite topcoats product portfolio like Sher-Wood® F3 Kemvar® Plus Conversion Varnish, Kem Aqua® Plus, among others are compliant with industrial standards and show excellent hardness, flow, leveling, and resistance to blocking, marring, staining, and printing. These products provide finishes that make a difference indeed on building products.
Besides, the latest product launch from Sherwin-Williams Aerospace Coatings includes a new aerospace conductive coating designated as CM0485115, which is a high-conductivity solution for the dissipation of static on aluminum as well as composite aircraft in September 2023. The coating is characterized by a resistivity value ranging from 0.1 to 100,000 ohms per square meter; thus, it affords the static charges to dissipate from antennas and radomes. Its good adhesion and fluid resistance make it a staple for the soaring adoption of composite substrates in the aerospace marketplace.
INOMETA (AVANCO Group)
INOMETA is a German company, part of the AVANCO Group, developing and producing innovative lightweight design solutions and functional surfaces. It specializes primarily in technical lightweight design items manufactured from aluminum and fiber composites such as carbon fiber-reinforced plastic and glass fiber-reinforced plastic.
Fiber-reinforced and ceramic-filled plastic coatings with exceptional strength, versatility, and adaptability are INOMETA’s PROTEK® composite coatings. They offer high performance in diverse applications due to their extraordinary adhesion strength to carbon or glass fiber composites, optimum abrasion resistance, and electrical insulation or conductivity adjustability. Applications of these coatings ranges from printing, offshore, medical technology glass and ceramics, textile, and paper and film. They also serve in rubber recovering and are fulfilling even the most serious industry requirements through state-of-the-art processes and controlled precision.
Conclusion
The composite coatings market is poised to grow significantly because of factors such as growing demand for lightweight materials, strict environmental regulations, and technology advances. Some major companies like Sherwin-Williams and AkzoNobel have also been investing in upgraded R&D facilities to develop innovative products. Such industry leaders share is important for latest product innovations that would shape the future of the market through various strategic collaborations, mergers and acquisitions, and strong believe in sustainability. When the market changes through growth, by these leading companies, it will meet the increased demand across end-use industries, thus ensuring this ever-thriving industry becomes better.
The EV powertrain market is predicted to expand at a compound annual growth rate of 7.93% and increase from US$136.120 billion in 2024 to account for US$199.314 billion in 2029.
An EV powertrain is a combination of different systems and components of an electric vehicle, which powers and drives the vehicle forward. The powertrain of an electric vehicle consists of multiple key components, which include batteries, motors, transmissions, and energy management systems.
With the increasing demand for electric vehicles across the globe, the global EV powertrain market is forecasted to witness significant growth. Various global companies and organizations introduced new research and development schemes to innovate and integrate new technologies in the electric vehicle powertrain market. For instance, in March 2023, Nissan, a global leader in automotive innovation, launched its new approach to electrified powertrain development. The company stated that the new approach is aimed at reducing the development cost of newer powertrains for the electric vehicle, as it offers sharing and modulization of EVs and e-power core components.
Under the component segment, the EV powertrain market is categorized into transmission, motors, and battery. In the global EV powertrain market, the battery category, under the component segment is forecasted to attain a greater market share during the forecasted timeline. The battery is among the key components of an electric vehicle, which helps in storing, and efficiently delivering power to different components of the vehicles.
The propulsion type segment of the EV powertrain market is categorized into battery electric vehicles and plug-in hybrid electric vehicles. Under the propulsion type segment of the electric vehicle powertrain market, the battery electric vehicle market will attain a greater market share. The battery electric vehicle or BEVs are a type of electric vehicle, which completely depends on electricity stored in its battery to operate and drive the vehicle. In the global zero-emission vehicle market, the battery electric vehicle witnessed significant growth, as it offers efficient and sustainable technology in the automotive industry. The International Energy Agency, in its report, stated that the sales of battery electric vehicles witnessed a massive growth in the past few years, compared to plug-in hybrid electric vehicles. The agency stated that in 2021, 1.19 million PHEVs were sold globally, whereas about 4.7 million BEVs were sold. Similarly, in 2023, the total sales of BEV were recorded at 9.5 million, whereas about 4.3 million PHEVs were sold globally.
The EV powertrain market, under the vehicle segment, is categorized into passenger cars and commercial vehicles. In the global EV powertrain market, the passenger cars category under the vehicle segment is projected to witness significant growth during the forecasted timeline. The passenger cars category in the global EV market witnessed significant growth in sales. Similarly, various governments across the globe also introduced key policies and subsidy schemes to boost the sales of passenger cars.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share of the global EV powertrain market. The Asia Pacific is among the biggest producers and adopters of electric vehicles across the globe. The sale of electric vehicles in the Asia Pacific region has also witnessed a constant increase with the introduction of new technologies in the industry. The International Energy Agency, in its report, stated that China alone contributed to about half of the total sale of electric vehicles across the globe. The agency stated that in 2021, the total sales of electric vehicles in the nation were recorded at about 3.3 million, which surged to about 6 million in 2022. In 2023, the total sales of EVs in China were recorded at 8.1 million, whereas only 3.2 million EVs were sold in Europe and 1.4 million in the USA during 2023. Similarly, the introduction of key investment schemes and tax benefits by the governments of various countries in the region also pushed the production of electric vehicles, boosting the EV powertrain market in the Asia Pacific region.
The research includes several key players from the EV powertrain market, such as GKN PLC (Melrose Industries PLC), NVIDIA, Magna International Inc., Hitachi Astemo, Ltd., Bosch Limited, Cummins Inc, AVL List GmbH, Mitsubishi Electric Corp, and BorgWarner Inc.
The metaverse market size is valued at US$93.114 billion in 2024 and is estimated to grow at a CAGR rate of 44.52% during the forecast period, reaching up to US$587.097 billion by 2029.
Metaverse is a type of digital ecosystem, that is built utilizing multiple kinds of 3D and virtual technologies, like real-time collaboration software, and blockchain-based financial tools among others. It is a type of persistent and immersive 3D virtual space, which is shared by multiple users, sharing different types of digital platforms. In the metaverse, the users have the ability to perform various real-life acts, like shop, play, work, and socialize with other users. The metaverse offers multiple advantages to the users and developers like it helps in enhancing the virtual tour experience of the users. The metaverse acts as a great tool for professionals, as by using the metaverse technology, a healthcare professional can visit patients with geographical limitations.
Although the metaverse setting offers multiple advantages, the technology also includes several cons, like it includes higher equipment costs for technologies like AR headsets or VR headsets, consoles, software, and others. It can also lead to the risk of data breaches, as the metaverse setting is a completely online and cloud-based technology. Various companies and organizations are investing heavily in the development of new solutions to secure metaverse technologies. Many companies have also introduced new features, or applications for the metaverse, which is also expected to push the demand for the metaverse market forward. For instance, in October 2024, Lamborghini, a global supercar manufacturer, with a partnership with Animoca Brands launched Fast ForWorld, which aims to bring supercars into the metaverse gaming setting.
The component segment of the metaverse market is categorized into hardware and software. Under the component segment of the global metaverse market, the software category is forecasted to attain a greater market share. The software is among the key components of the metaverse market, which connects the real-life user to their metaverse character, and helps to interact with them. There are four basic types of metaverse software, which include gaming-based software, social-based, commerce-based, and education-based. The substantial growth of the metaverse market offers the developers of software across the globe an impressive opportunity to attract new users.
The metaverse market, under the technology segment, is categorized into virtual reality & augmented reality, edge computing, artificial intelligence, and mixed reality, human interface, and others. The virtual reality & augmented reality category, under the technology segment of the metaverse market, is forecasted to achieve greater growth. Augmented reality and virtual reality, or AR/VR is a combination of hardware and software technologies combined together, which helps in transforming the user into the online realm. Augmented reality or AR uses a real-world ecosystem, and adds virtual elements into it, whereas virtual reality or VR is a completely virtual setting.
By platform, the metaverse market is categorized into desktop, mobile, consoles, and others. Under the platform segment of the metaverse market, the mobile category is forecasted to attain maximum market share. The increase in the global demand for smartphones and the introduction of new technologies and capabilities of the mobile phone is expected to push its market share in the metaverse market. In the past few years, the mobile phone sector globally witnessed the integration of several new technologies, like AI, AR, 5G, and IoT, which help in increasing the market demand for products across the globe. The GSMA (GSM Association), in its report, stated that the ownership of smartphones increased significantly across the globe. The agency stated that by October 2023, about 54% of the global population, or about 4.3 billion individuals across the globe own smartphones.
The metaverse market, by industry vertical, is categorized into BFSI, retail, media & entertainment, education, aerospace & defense, manufacturing, and others. The media & entertainment sector of the industry vertical category of the metaverse market is forecasted to attain a greater market share. The metaverse technology offers new growth opportunities for multiple industries, most importantly to the media and entertainment sector. In the metaverse setting, the companies operating in the media and entertainment sectors can build a deeper connection with the users. Various media companies have introduced several virtual settings, based on some stores, which offer the consumers a more immersive experience of the stories, and characters.
Based on geography, the North American region is forecasted to witness maximum market share, majorly with the increasing adoption of new technologies in the region. The North American region is among the biggest developers and adopters of new technology-based solutions, like AI and ML, which offers the companies in the region the first-mover advantage in new markets like metaverse technology. The region is also home to some of the biggest companies working on or developing metaverse technologies, like Google, Microsoft, Apple, and Meta (Facebook). The high availability of such companies also offers a competitive advantage for the development of new technologies, and increasing investments in research and development.
The research includes several key players from the metaverse market, such as Meta Platforms, Inc., Tencent Holdings Ltd., Nvidia Corporation, Roblox Corporation, Unity Technologies, Inc., Nextech Ar Solutions Corp., The Sandbox, Active Theory, Decentraland, Microsoft Corporation, and Antier Solutions Pvt. Ltd.
Polycarbonate is the term applied to a supple thermoplastic polymer which has become one of the essentialities in various industries. It is used for impact resistance, optical clarity, weightiness, and heat resistance. Different industries where applications are found include automobiles, electronics, construction, medical equipment, and consumer items. There is stiff competition in the global polycarbonate market, with major players offering strategic measures and introducing novel solutions to grab market share and satiate the market need for more earth-friendly and high-performance materials.
Moreover, technological advancements like laser-cutting, printing, and coating techniques are major catalysts for market growth because they have enhanced the applicability of polycarbonate film across various industries. This technology allows a very detailed and intricate cutting of polycarbonate films, which makes it possible to produce complicated forms and designs with a precision never before seen in manufacture. This radical change in process has made more effective, economical manufacturing possible, printing technologies have made possible personalization and branding of polycarbonate films possible, and increasing use in the automotive industry which has also increased the sales of new vehicles, leading to high demand for polycarbonate market. For instance, automotive sales increased from 65,101,201 in 2022 to 73,041,198 in 2023.
Figure 1: Sales/registration of New Vehicles, Global, 2022 to 2023
Source: OICA
Further, the polycarbonate industry is ruled by only a few, major multinational companies- Covestro AG, SABIC, Teijin Limited, Mitsubishi Engineering Plastics Corporation, LG Chem, and Idemitsu Kosan Co. Ltd. Such organizations are at the forefront of innovation, have efficient supply chains, and pay attention to the client’s need for product development. These companies derive their market dominance from enormous investments in R&D and alliances with advanced manufacturing capabilities.
Let’s discuss each in detail.
Covestro AG
Covestro is the leading producer of high-tech polymers globally, as well as one of the top companies producing polycarbonate resin.
Strategy:
Leadership:
Covestro is focused on promoting a circular economy and providing environmental benefits. The company is also creating bio-based polycarbonate grades like Makrolon® RE, using renewable feedstocks yet maintaining high performance in both applications and end products.
Global Presence
Production sites for Covestro include Asia Pacific, Europe, and North America as part of its global footprint which further enhances its ability to build up reliable supply chains and satisfy demand across major regions.
Digitalization:
Through utilizing powerful digital tools, Covestro can increase the efficiency of its supply chains and relationships with customers.
Innovations:
Recycled Polycarbonate:
The recycling of plastics produced in high quality by Covestro targets automotive and consumer electronics.
Automotive Applications
It has lightweight polycarbonate composites in automotive applications that reduce weight, which helps fuel efficiency and lower emissions.
SABIC
SABIC is a giant in petrochemicals across the globe when it comes to polycarbonate. Everybody knows polycarbonate for its brand, the LEXAN™.
Strategy:
Sustainable Solutions
Recycling recently enters through investments in very innovative recycling processes for polycarbonate development into recycled resins of virgin-grade quality.
Market Expansion:
SABIC is establishing its presence through partnerships and increased capacity in emerging countries and Asia Pacific.
Collaboration:
Extensive collaboration with the automotive and electronics industries in developing specific solutions.
Its optical-grade polycarbonate is widely utilized in covering solar panels and in LED lighting systems.
Teijin Limited
Teijin is an eminent provider of polycarbonate resin safeguarding itself with lots of innovative applications of lightweight, high-performance composites.
Strategy:
Focus on Lightweight
Teijin creates lightweight materials for automotive and aerospace uses while enabling manufacturers to meet environmental legislation.
R&D Excellence:
The company expends countless resources in the development of new polycarbonate composites and sustainable materials.
Innovations:
Automotive Composites:
These composites are used in electric cars (EVs) for their battery casing and also as an interior trim. It creates polycarbonate having excellent electrical characteristics for IoT devices and wearable electronics.
Mitsubishi Engineering Plastics Corporation
Mitsubishi Engineering Plastics is the polycarbonate house of a global joint venture of Mitsubishi Gas Chemical and SABIC.
Strategies:
Specialized Products:
Customization of polycarbonate to be specifically tailored to industrial products like optical storage media and medical equipment.
Sustainability Focus:
Source recycled materials to convert them into polycarbonate products for a lesser environmental effect.
Innovations:
Medical-grade polycarbonate:
Materials designed for robust sterilizing resistance & biocompatibility in health care applications.
Advanced Resins for Electronics:
These tend to be flame-retardant plus impact-resistant characters usually seen in your smartphones and tablets.
LG Chem
LG Chem is a major contender in the global polycarbonate market offering a wide range of thermoplastic materials for industrial and consumer applications.
Strategies:
Integrated Power Supply:
LG Chem ensures vertical integration in order to maintain the cost-effectiveness of its products while also being able to have them made to high-quality standards.
Sustainability Commitment:
The work of this company evolves among others bio-based polycarbonate and recycled polycarbonate for environmental compliance.
Innovations:
Transparent and impact-resistant grades:
From LG Chem, polycarbonate products are used in bulletproof glasses, automotive parts, and LED lights.
Construction Applications
Applications in construction include roofing, skylights, and architectural glazing with polycarbonate sheets.
Idemitsu Kosan
Idemitsu Kosan takes the lead in manufacturing superior polycarbonate materials for markets such as automotive, electronics, and healthcare.
Strategies:
Diversification of markets:
The company is planning to enhance its presence in North America and Europe while maintaining its solid operations in Asia.
Collaboration:
Work together with manufacturing companies to supply customized solutions fulfilling individual performance requirements.
Innovations:
Heat-Resistant Polycarbonate
It provides heat-resistant polycarbonate materials that are thermally stable for industrial and electrical purposes.
Eco-Friendly Materials:
Idemitsu focuses on manufacturing polycarbonates with lower carbon footprints.
Industry Outlook
The competition among the companies will bring about continued improvements along the innovation curve and the applicability of long-term solutions. The fact that lightweight materials will be adopted into electric vehicles, renewable energy infrastructure, and recyclable plastics means that the developing polycarbonate market is only going to get bigger. The competition is investing in and polishing their strategies and new technologies so that they would set the future of the industry. Making polycarbonate an important term in many sectors.
The electronics industry is another major market contributor, using polycarbonate for flame-retardant and damage-resistant parts for smartphones, laptops, and IoT devices. Other prominent growth drivers will be smart home technology and wearable electronics.
An extreme emphasis on sustainability is defining the future of this industry. The key players are in creating bio-based and recyclable polycarbonate to almost cover all environmental issues as well as global sustainability standards. Advanced recycling technologies make the cyclic model an integral part of the manufacturing process.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/12/Polycarbonate-Market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-12-19 08:44:022024-12-19 08:57:43Key Players in the Polycarbonate Market: Strategies and Innovations Shaping the Industry
Electric vehicles (EVs), which use electric motors driven by large batteries rather than conventional internal combustion engines that run on gasoline, represent a revolutionary change in the automotive industry. EVs provide environmentally friendly transportation and eliminate the need for frequent trips to gas stations. They are distinguished by their increasing driving ranges, which can range from 80 to more than 300 miles on a single charge. In other words, electric vehicles reduce air pollution as well as maintenance expenses since such vehicles do not come with exhaust and oil systems. More and more people are opting for electric automobiles due to their ethical nature as well as advanced technologies that promise a better future in transport.
Electric vehicles (EVs) signify a new vehicle era and movement away from gasoline and diesel engines. Advanced electric motors with battery systems that aid in driving EVs are at the centre of the travel revolution, which has a greater focus on ecologically sustainable transport. Clients and customers of electric vehicles have supported them as these vehicles help reduce the business ecological footprints created, for instance, by conventional gas-powered vehicles.
Moreover, one fundamental shift in the lifestyle of electric vehicle owners is the convenience of not visiting a gas station. It is possible to charge the cars at home using a simple electrical socket or a specialized charging unit. Even more, the mass transit system is extending the network of public charging spots, making it easier to charge while moving on to other activities. Thus, the growth of the adoption of electric vehicles is facilitated by the convenience of charging them at home and their overall functionality.
Figure 1: Global Battery Electric Car Stock, in Millions, Global, 2023
Source: International Energy Agency
EV charging connectors are driving the industry in the following ways
Infrastructure Expansion and Accessibility
Increasing Charging Speed
Promoting Vehicle-to-Grid (V2G) Capabilities
Facilitating International Standardization
Improving Safety and Reliability
Let’s discuss each one in detail.
1. Infrastructure expansion and accessibility
Uniformity among elements such as charging connectors is vital for enhancing EV infrastructure development as it supports the creation of huge networks for both EV users and charging service providers. It is noted that there are regional standards for DC fast charging operators where CCS is being adopted as the global standard in several regions such as the US and Europe. This reduces the need for complicated infrastructure development in the sense that networks and manufacturers do not have to deal with more than one type of connector.
To enable non-Tesla EV owners access to its network, Tesla recently revealed that it will be making a few modifications to its Supercharger network so that it will be compatible with CCS connectors. Such should help alleviate any ‘range anxiety’ concerns by allowing access to one of the largest fast-charging networks, if not the most, for EV drivers.
2. Increasing charging speed
Fast charging is one of the attractive features of EVs that enhances their utility. They are fundamental factors yet, charging connectors influence the way fast charging is pegged to the usefulness of Evs. There are newer technology connectors for fast charging such as CCS or Teslas’ closed systems that reduce the time spent in charging EVs, bringing the ref-refuelling EVs nearer to ICE vehicles. As was the case with CCS2, 80% of the charge can be accomplished in less than half an hour, with power levels reaching 350 kW.
3. Promoting Vehicle-to-Grid (V2G) capabilities
The capabilities of V2G are made possible by the bi-directional charging functionality innate to CHAdeMO and some of the CCS connectors. EVs fitted with this technology can send energy back to the grid, thus becoming movable batteries whose purpose is to support the grid during peak hours or emergencies. Aside from allowing EV owners’ energy expenses to be lowered, V2G also ensures the reliability of the grid and the deployment of clean energy.
4. Facilitating international standardization
Due to connectors like Type 2 and CCS2, Electric Vehicles are becoming less burdened with cross-border usage and manufacturing. With the advantages of standard connector types for electric vehicles, electric car manufacturers are now able to manufacture cars with one standard design, which eases manufacturing and reduces expenditure in particular regions like Europe.
5. Improving safety and reliability
Due to the standardization of the connectors used in electric vehicle charging networks, there are global charging networks that use fewer types of connectors, thus, more drivers can be served within the networks. With this going on, infrastructure for such networks is developed much faster and owners of electric vehicles have less trouble. The other area of focus while coming up with charging connectors is safety. Many advanced connectors such as CHAdeMO and CCS used safety features as well. In an instance of fast charging, temperature levels are monitored by sensors within the device to prevent excessive heat build-up. Interlock systems are built into the connectors to prevent driving when the EV is plugged in to ensure safe and effective charging.
Innovations in EV charging
With the growth of the EV market, future developments in connection technology will be needed to increase convenience, and speed, and reduce environmental damage.
Wireless Charging:
Inductive charging systems are being developed to enable EVs to be charged without the need for cropping connectors; they may, in some instances, supplant the traditional connectors. Wireless charging still has a long way to go, but this could be ideal for households, taxis and fleets.
Universal Connectors:
There is ongoing development of universal connectors that will be capable of managing AC and DC charging at varying power levels. This will aid in optimizing the infrastructure even more, making it easy for EV owners to find compatible chargers anywhere.
Ultrafast Charging Capabilities:
While today’s connectors like CCS2 and Tesla’s Supercharger networks are relatively fast, future connectors will reach an extreme charging capacity of 500 kW which will make the charging time for the majority of EVs between 10 and fifteen minutes.
In conclusion, EVs in today’s transportation landscape have transcended their primary purpose of providing mobility; they are harbingers of change; taking the world to a new level of development. The world is at an age when unprecedented mobility, one that is sustainable, is slowly but surely emerging; this is represented by the soft whir of electric engines. EVs do offer environmental benefits, but they are also economically attractive due to their enhanced energy effectiveness and lower servicing requirements, making them economically and environmentally advantageous.
Electric mobility is expanding to include the whole ecosystem, not just the single EV chassis. The industry’s dynamism is evidence of a move towards a cleaner, greener future, from the expanding market for electric vehicle batteries to the complex network of connectors and charging stations.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/12/EV-charging-connectors-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-12-18 12:23:502024-12-18 12:45:35How EV Charging Connectors Are Driving the Electric Vehicle Revolution
The global urinalysis market is expected to grow at a compound annual growth rate of 6.44% over the forecast period to reach a market size of US$7.088 billion in 2030 from US$4.296 billion in 2025.
Urinalysis is a rapid and highly efficient method applied in urine sample testing with the intent of detecting pre-existing chronic conditions including kidney disease and diabetes, as well as infections like urinary tract infections. Numerous physical, microscopic and chemical tests assist in diagnosis through cell counts, protein levels, and creatinine concentrations, as well as the detection of other materials such as crystals in the urine. All these, as implied in their functions, also serve to find the causes of symptoms such as back pain, stomach pain, and painful urination. Based on the increased prevalence of chronic diseases such as diabetes, kidney disease, and urinary tract infections, the market is primed for growth.
Furthermore, the ageing population and increasing government awareness campaigns are likely to push demand for urinalysis along with the latest technological advancements in urinalysis during the forecast period. Ageing populations in both developed and developing countries contribute to the expansion of the urinalysis market. For instance, One in six individuals worldwide will be 60 years of age or older by 2030. At this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. The number of people in the world who are 60 years of age or older is expected to double to 2.1 billion by 2050. Between 2020 and 2050, the population of people 80 years of age or older is predicted to triple, reaching 426 million.
Moreover, one in five adults over 65 has diabetes, according to the International Diabetes Organization. As more disorders are being diagnosed and treated, prescriptions for tests like creatinine, albumin, glucose, ketones, and bilirubin, among others, are increasing. This is good for urinalysis, which is used to perform these tests.
Additionally, one of the main factors propelling the market forward is the higher incidence of urinary tract infections (UTIs) in developing countries. One of the main factors propelling the market expansion is the fact that, if untreated, urinary tract infections (UTIs) can spread to the kidneys and result in birth complications in expectant mothers. Additionally, the 13.3 million people who experience acute kidney injury (AKI) worldwide each year run the risk of developing chronic kidney disease (CKD) or renal failure in the years to come, which is anticipated to drive market growth. Furthermore, it is anticipated that the technological advancements in urine analyzers will present prospective avenues for the expansion of the urinalysis market in the upcoming years.
The global urinalysis market is segmented by product type into two major categories: Instruments and consumables where the instrument is further segmented into automated urine analyzer, semi-automated urine analyzer, and point-of-care urine analyzer, consumables are further segmented into reagents, kits. Dipsticks, and disposables. The rising requirement and repeated purchases of the reagents and dipsticks by hospital and clinical laboratories account for most of the demand for consumables. Dipsticks, which obtain the maximum share of market consumption, are by far the most widely used urinalysis consumable. Reagents are used to quantify the relative concentrations of specific constituents in the urine. However, such convenience and accessibility innovative consumables like point-of-care testing devices and rapid test kits create, further fueling the accessibility and convenience that urinalysis contributes to. Multiple major providers like Siemens Healthcare GmBH, Abbott, and Roche are currently offering high-quality urinalysis test consumables in the market, which is expected to boost the growth of this segment.
The global urinalysis market by test type is segmented into biochemical urinalysis, pregnancy & fertility urinalysis, and sediment urinalysis. A urine test can detect pregnancy, dehydration, kidney and bladder infections, and preeclampsia. Blood sugar test results might show that gestational diabetes could be revealed during the 20th week of pregnancy. Pregnancy tests look for the presence of human chorionic gonadotropin (hCG) hormone which occurs in women’s bodies during pregnancy. With these tests, hCG can be detected in either urine or blood. Pregnancy urine tests are cheap and readily available in every home. When done properly, those home pregnancy tests can be pretty accurate. Development in the Segment will be due to increasing urinalysis demand for pregnancy and fertility detection. There have been numerous studies performed to assess how urinalysis can identify pregnancy.
The global urinalysis market by application is segmented into urinary tract infections, diabetes, kidney diseases, liver diseases, pregnancy and fertility, and others. Urinalysis has been an essential screening test for diabetes, and one of the main engine drivers in market growth is the increasing number of diabetic patients everywhere. Obesity is the biggest risk factor for developing a type 2 diabetic condition. The increasing incidence of obesity in the population in recent decades has been the foremost contributor to the increasing cases of diabetes. Moreover, according to projections by IDF in the year 2014, there will be an estimated number of about 783 million adults – 1 in 8 – living with diabetes by the year 2045. An increase of 46% will be added. The majority of patients, over 90%, are classified as having type 2 diabetes. This type usually develops under the interaction of different factors, such as genetics and the environment, including age as well as demographic and economic status.
The global urinalysis market by end-user is segmented into hospitals & clinics, diagnostic laboratories, research & academic institutions, and home care settings. The developing environment sustained by clinical laboratories increased by easier customer access and newer products. One such clinical test in this context is urinalysis, which is performed in more than 20,000 clinical laboratories across the U.S. Proteomics, genetic testing, microarray technology, biomarkers, and other innovative testing methods have been used in developing the techniques to improve the identification of kidney disease.
Based on geography, the North American region of the global urinalysis market is growing significantly. The North American market is anticipated to hold a substantial market position because of the ageing population and the high prevalence of chronic kidney disease. CKD is associated with diabetes, high blood pressure, and kidney failure. The National Kidney Foundation reports that each year, CKD claims more lives than prostate and breast cancer combined. Kidney disease is a leading cause of death in the United States. About one in five adults with high blood pressure and one in three people with diabetes have kidney disease. As a result, there is an increasing need for precise CKD diagnosis and treatment, which will probably increase the need for urinalysis.
As a part of the report, the major players operating in the Global urinalysis market that have been covered are ARKRAY, Inc., 77 Elektronika Kft., Siemens Healthineers AG, F. Hoffmann-La Roche Ltd., Beckman Coulter, Inc., Abbott Laboratories, Sysmex Corporation, Neomedica d.o.o. Mindray Medical International Limited, Analis sa/NV.
The ethernet cable market is worth US$15.900 billion in 2024 and is predicted to witness growth of 13.88% CAGR over the projected period to account for US$30.453 billion by 2029.
An ethernet cable is a type of cable, which connects the router, modem, or network switch to the computer. The ethernet cable allows the computer to the access local area network (LAN) and is also used to connect devices to the internet. Ethernet cables offer a wider range of advantages over wireless connection solutions, as they offer relatively lower latency to the network connection, and it is also among the cheaper sources of internet connectivity. The ethernet cable also offers the users secure connectivity, as the wired network connection offers a lower risk of breaches or hacking attempts. There are various types of ethernet cables available across the market, which include fast ethernet, gigabit ethernet, 10 gigabit ethernet, and switch ethernet, which offer different data transfer speeds.
The global ethernet cable market witnessed several major introductions of technologies, that aimed to boost the capability of these cables. With the increasing demand for technological advancements across the globe, the market for ethernet cable is also expected to grow, as these cables offer a faster, and secure network connectivity solution. Various companies and organizations introduced new technologies into the global ethernet cable market. For instance, in April 2024, LAPP, a global integrated solutions for cable and connectivity technology provider, launched its first bio-cables for the series production of its ETHERLINE FD bioP Cat.5e. This data cable consists of bio-based sheath material and consists of 43% renewable raw material.
The type segment of the ethernet cable market is categorized into coaxial, twisted pair, and fiber optic. The fiber optics category, in the type segment of the global ethernet cable market, is forecasted to attain greater market share. Fiber optics technology is among the latest technologies in wired data transfer, in which the information is transmitted as a light pulse along the plastic or glass fiber, embedded inside the cable. The fiber optics solution offers several benefits to the users, compared to other categories, as it ensures a high-speed transfer of data, generally at the speed of 1 Gbps, which is about 10 to 20 times faster than other cable technology. The fiber optics also offers better reliability and multi-device connectivity. The fiber optics technology also ensures the safety of the data transferred.
The ethernet cable market, under the shielding segment, is categorized into shielded and unshielded. In the shielding segment of the ethernet cable market, the unshielded category is forecasted to attain maximum market share. An unshielded ethernet cable is a type of ethernet cable which do not include an extra layer or screen of aluminum sheet, for protection from nearby sources of electromagnetic interference (EMI). These types of cables are generally used across residential or commercial interfaces, where the risk of interference is lower. The unshielded ethernet cables are less expensive as compared to the shielded cables and also offer flexible usage. The unshielded cables are also easy to install and support a wide range of devices and connectors.
By end-user, the ethernet cable market is categorized into residential, commercial, and industrial. Under the end-user segment of the global ethernet cable market, the commercial category is forecasted to attain a greater share. In the commercial sector, ethernet cables offer a wide range of applications, across multiple industries, like banking, government, and IT & telecommunication. In the commercial setting, ethernet cables are used to ensure high speed and secure network connectivity.
Based on geography, the Asia Pacific region is anticipated to attain significant growth in the global ethernet cable market. The Asia Pacific region is among the fastest-developing consumers of the Internet across the globe. Countries like India, Singapore, China, and Japan are among the countries that offer high-speed internet connectivity and are continuously evolving the technology to boost the speed of the internet in the region. Similarly, the growth of the data center landscape in the region is also expected to boost the ethernet cable market in the Asia Pacific. The Asia Pacific region has grown as the global hub for data center solutions and infrastructure, which majorly uses ethernet cables to connect multiple servers and offer high-speed and secure data transfers. Countries like India, Taiwan, and Singapore have introduced multiple policies and investment opportunities to create technologically advanced data center solutions across the region, boosting the demand for ethernet cable across the region.
The research includes several key players from the ethernet cable market, such as Belden Inc., Lapp Group, igus, Gore, LEONI, Southwire Company, LLC, Prysmian Group, Hitachi, Ltd., The Siemon Company, and Elettronica Conduttori Srl.
The mashed potatoes market will reach US$5,372.489 million in 2029 at a CAGR of 6.94% from US$3,841.333 million in 2024.
In many regions of the world, especially in the Americas and Europe, mashed potatoes are among the most loved accompaniments. Packaged and convenience foods have continuously risen mainly due to urbanization and a more relaxed way of life. Since they are rich in starch and carbohydrates that often provide the bulk content of tasteful meals served as side dishes or food trains, mashed potatoes are one of the major components of many instant meals.
Moreover, concern for healthy eating borders and friendly environments welcomes the multi-cuisines unabated and has in a way contributed to the appreciation of mashed potions. Furthermore, the quickly growing number of aged people with their challenges, plus dental issues, has made consumers of all ages love mashed spots even more. For instance, World Bank figures show that in 2022 this figure accounted for 10%, but by 2050 it is projected to increase even further to 16%.
Another reason pushing demand for quick service further is the increasing hotel, restaurant and catering services (HoReCa) activities. This has stimulated the use of packaged and frozen food, and consequently the serving of mashed potatoes. Additionally, mashed potato blend cuts down on preparation time while maintaining the same consistency and flavour in every dish.
Furthermore, there are now a lot of options for mashed potato seasonings and garnishes due to the widespread availability of flavour customization. Customers are experimenting with unique cheeses, sauces, herbs, and flavours to enhance the appearance and flavour of mashed potato products. The art of designing finishes and seasoning is never complete; the outcome has no limits, from conventional choices like butter, garlic and herbs to extreme ones such as bacon or truffle oil. In the current scenario where more and more people are adopting vegetarian and plant-based diets, there is also a growing demand for vegetarian or plant-based alternatives to mashed potatoes.
The mashed potato market, by application, is divided into two types- Food ingredients and food products where food products are further segmented into snacks and culinary, one of the most popular sources of mashed potatoes is found in different varieties of food, for instance in western styled food orders made in cafes and hotels. Mashed potatoes can be found on menus featuring fusion cuisine or international fare, though they are not as common as they are in Western countries. In many countries, convenience stores sell pre-packaged mashed potato products that are frequently served in bento box meals or flavoured with seasonings.
The mashed potato market, by form, is divided into two types: powder and solid. Mashed potatoes can be found in many different types of food, such as Western-style food orders that are placed in cafes and hotels. Though not as prevalent as they are in Western nations, mashed potatoes can be found on menus offering fusion cuisine or international fare.
Moreover, convenience stores across many countries sell pre-packaged mashed potato products that are often served in bento box meals or seasoned.
The mashed potato market, by distribution channel, is divided into two types: The largest distribution channel segment belongs to the foodservice industry comprising all accommodation establishments, restaurants and catering. This is because the hospitality sector has the greatest appetite for convenient ready-to-eat mashed potato mixes that can be used at any time and any place. The retail portion is made up of supermarkets, hypermarkets, and online retail, which is comparatively increasing at a steady rate. This is due to the rising inclination towards home-cooked meals and the increasing availability of shelf stable ready-to-eat mashed potatoes in retail.
During the projected timeframe, it is anticipated that the market for mashed potatoes will experience remarkable growth within Asia Pacific. Increases in pre-packaged food products, particularly meals on the go, have proven to be one of the many contributors to the rising demand for mashed potatoes in the USA. Moreover, in some fast-food-styled cuisines, boiled –pounded- or baked–pureed- potatoes with the addition of milk are present. Taking into consideration the ever-increasing fast foods and quick service restaurants in the country, it is expected the consumption of mashed potatoes will pile up together with the rest. Mashed potatoes are also a product that the famous fast food chain KFC is planning to offer.
Due to its unique taste, low prices and multi-functionality mashed potatoes are likely to become a popular dish served as a side or a main meal. Idahoan Foods has an intention to diversify its product range, as an important supplier of fresh potato products in the US, and includes investments, not only in this type of food but in new product development as well, which should create new growth potential for the US market.
The research includes several key players from the mashed potato market, such as Hungry Jack’s, Pomuni, Unilever Food Solutions, Post Holdings Inc., Agristo, McCain Foods Limited, Idahoan Foods LLC, and Hormel Foods, LLC.
Powering the Future: The Role of AI in Revolutionizing the Energy Sector
Thought ArticlesAll sectors, including the energy one, have come to a point when effective and sustainable production is of the essence. Nevertheless, current development in artificial intelligence (AI) seems to present an alternative that could change the way energy is generated, distributed, and consumed. AI can assist in streamlining processes and improving the decision-making process which, in turn, may promote sustainability within the energy sector.
Maintenance prediction stands out also as one of the sectors where the aid of AI is greatly felt. Such prediction is achievable through AI algorithms that analyze to determine possible machine failure by predicting the time of failure of equipment using available large datasets from sensors and other machines. This makes it possible to perform maintenance in good time, thus preventing loss of productivity. This decreases the cost of operations and enhances the lifespan of the machines thus promoting sustainability.
Another area where renewal resources are developed for better use is energy generation, where AI is a game changer. For instance, machine learning algorithms can optimize the layout of solar panels/ wind turbines subject to a few variables such as the weather, to optimize power output. This not only enhances the total output of renewable energy sources but also makes them more reliable and cost-effective.
Furthermore, AI is considerably boosting the effectiveness of energy usage and its distribution as well as reducing waste. Smart grid technology allows the energy distribution network to be modified in real-time to optimize energy consumption thus reducing wastage and increasing reliability of the system. The energy performance of buildings also can be enhanced by building energy management systems powered by AI, thereby creating huge cost and environmental benefits.
Moreover, artificial Intelligence, which enables machines to think and act intelligently, and processes huge volumes of information with enormous speed and minimum help from humans, is at the core of the fourth industrial revolution. Nearly all industries are experiencing AI development and transformation of traditional approaches; changes are also swift in the energy sector, leading to increased consumption.
Figure 1: Global Primary Energy Consumption, Twh, 2022 to 2023
Source: Energy Institute – Statistical Review of World Energy
Major Trends
Let’s discuss each one in detail.
1. Intelligent Power Consumption
One of the most significant applications of AI in the energy sector is assumed to be energy efficiency. AI helps to manage energy usage judiciously and design projects that have an environmentally beneficial effect. In many countries such as the Netherlands, avoiding waste and energy saving is of great importance. AI allows the smart home network to not only adjust its patterns of electricity usage according to the electricity market but also implement these patterns within the house to save on costs and optimize energy usage.
Moreover, to try and monitor energy consumption, those smart devices allow users to interact with their energy thermostats or other appliances in their household. These devices powered by AI are able to allow certain decision-making processes that help in energy conservation, for instance, disconnecting some appliances when the price of energy is high.
2. Smart or Intelligent Grid
In the energy sector, the smart grid is one more example of the technology-enhanced by AI. The key idea behind the Smart grid is using Artificial Intelligence to do many manual tasks which enhance efficiency, and reliability and reduce costs. The smart grid system is designed to control the processes of electricity distribution by including various intelligent elements, such as digital sensors, communication systems, information technologies, controlling technologies, and executors. Smart grids cover the entire energy distribution process from generation to consumption and allow for intelligent forecasting, detailing, diagnosis, resolution, and management of problems at every stage.
Moreover, there has been an exacerbated concern about the Smart grid’s role due to the shift to renewable sources of energy. With the diverse resources of renewable energy, for instance, hydropower, biomass, and geothermal energy (especially in America), wind and solar strategic systems have to be put in place to accommodate all the above mentioned. To take advantage of this opportunity, the government of the Netherlands initiated the Intelligent Grids Innovation Programme and supported through nearly 100 pilot projects carried out by Dutch companies on the development of smart meters and grid systems in the country.
3. Electricity Trading
As with most commodities, electricity is also a tradable commodity that can be sold and bought in the open markets. However, to function effectively the electricity market also known as power exchange constitutes considerable volumes of information from supply balance, grid demand, weather forecasting and many more.
Further, certain aspects of the electricity trading process can be improved with the use of artificial intelligence. First, due to machine learning and neural networks, AI can make forecasts more accurate. Power trading also involves very large amounts of data which, naturally, can be processed by AI that can provide instantaneous results. It also increases the amount of electricity that can be sold on the market by combining different sources of energy so that they work in unison.
4. Disaster Recovery
Hurricanes, tsunamis, earthquakes, floods, wildfires and many more can greatly affect the power supply. Gas and power lines in addition to other facilities are usually grossly destroyed during these natural calamities making it impossible for power restoration for days, weeks and sometimes even months depending on the level of destruction caused.
Unlike other existing systems, which may be restricted to part of the restoration process of power, due to AI, it becomes possible to speed up the recovery process and hence restoration of power to the relevant places. AI technology enables the assessment of the entire system as well as its intelligent management to predict the availability of power in specified areas and supply power to critical areas only. In other words, when the calamity is over, damage can be assessed by the AIs, the hierarchy can be optimized and the necessary measures for restoring power can be calculated accurately.
5. Enhancing Energy Generation
AI is improving the efficiency of power generation by offering predictive maintenance, real-time monitoring, and advanced analytical capabilities. With these capabilities, Energy producers can optimize the power generated, eliminate wastage and extend the usefulness of critical resources. In particular, forecasting weather conditions is possible due to artificial intelligence and therefore, energy producers of wind and solar energy can assess energy generation and control supply more effectively. This predictive feature ensures that there is a grid system that is less prone to fluctuations even with the incorporation of variable renewable sources.
For instance, AI models can process a vast amount of sensor data to detect wear and tear patterns at an early stage preventing breakdowns and extensive downtime of solar panels, boilers, and turbines. This is important for both renewable and non-renewable-based power plants as it improves operational performance and minimizes the cost of maintenance.
In conclusion, the application of AI can effectively transform how energy is consumed and generated. Above all, energy management practices will improve, and pollution will cease to exist. However, harnessing AI in the energy sector can achieve maximum benefits as all its challenges are addressed and innovative systems are constantly made effective, secure and resilient. The energy industry, as it is today, can face challenges by simply using artificial intelligence in moderation for the benefit of designing a more advanced and clean environment.
As the technology develops, it is clear that the energy sector will have expanded application of AI in the next several years that will create possibilities and efficiencies that one could not even imagine.
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Mobile AI Market size worth US$79.367 billion by 2029
Press ReleasesThe mobile artificial intelligence market is expected to grow at a CAGR of 28.49%, reaching a market size of US$79.367 billion in 2029 from US$22.658 billion in 2024.
Mobile AI is the integration of artificial intelligence-based technologies into various forms of mobile devices, which majorly include smartphones and tablets. The integration of artificial intelligence in mobile devices offers a wide range of advantages to users, as it helps in enhancing the user’s experience, and helps in enhancing the security of the device. The AI-based tools and platforms can also help in analyzing and monitoring user activity trends and can help in personalizing and organizing notifications, tasks, and settings.
With the increasing global ownership of smartphones across the globe, the integration of AI into mobile devices is expected to grow significantly. Various global companies and market leaders have introduced key solutions and products for the mobile AI market. For instance, in November 2024, Rabbit Inc., a global AI solution provider, announced the launch of the teach mode agent system, which allows the users of r1 users to custom-create AI agents for mobile devices. Similarly, in October 2024, Huawei Technologies Co., Ltd. launched 5G-AA solutions for the mobile AI devices.
By component, the mobile AI market is segmented into three major categories which include hardware, software, and services. The hardware category is further divided into processor, memory, sensor, and others. The hardware category of the component segment of the mobile AI market is expected to witness significant growth. An AI processor is a type processing unit, which integrates CPUs and discrete acceleration. It also includes multiple components of hardware, like GPUs, FPGAs, AI accelerators, and neural processing units among others. AI memory is a type of hardware system, that stores, utilizes, and retrieves information related to artificial intelligence tools. The AI memory helps enhance the performance and accuracy of the AI-based tool, and its responses. Multiple types of AI sensors are being integrated into mobile devices, which include AI motion sensing capture and inductive sensors among others.
The technology node segment of the mobile AI market is categorized into 20–28nm, 10nm, 7nm, and others. The 7nm category of the technology node segment under the mobile AI market is expected to witness significant growth. The 10nm technology node is a type of multi-gate MOSFET technology, which offers improved speed and reduced energy consumption over others. The 7nm technology node is considered the most suitable for the mobile AI application, as it offers higher reliability and flexible utilization.
The mobile AI market, under the end-user segment, is divided into smartphones, cameras, drones, automotive, robotics, AR/ VR, and others. The smartphone category is forecasted to witness greater growth in the end-user segment of the mobile AI market. The increasing global ownership of smartphones and the introduction of key technologies in the segment is expected to boost the category further.
Based on geography, the North American region is expected to witness significant growth in the global mobile AI market. The North American region is among the global leaders in artificial intelligence-based technology development, and it is also home to some of the biggest AI technology and mobile devices leaders, like Google, Meta, Apple, Microsoft, and Nvidia among others. Similarly, the region also offers increasing private and governmental investments in the AI-based technology market.
As a part of the report, the major players operating in the mobile AI market that have been covered are Qualcomm Inc., Nvidia, Intel Corporation, IBM Corporation, Microsoft Corporation, Apple Inc., Huawei (Hisilicon), GoogleLLC, Mediatek, Samsung, and Cerebras Systems.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/mobile-artificial-intelligence-market
The market analytics report segments the mobile AI market as follows:
Top Players in the Composite Coatings Market: Leaders Driving Innovation
Thought ArticlesComposite coatings are protective coatings that apply the substrate to steel or concrete and protect it against corroding damage. it comprises of a synthetic resin of epoxy and polyurethane, typically coating several layers. Normally utilized in construction for their safe protection against corrosion on steel and thermal barrier properties on concrete and other materials. Composite coatings are lightweight and low volatile organic compound (VOC). The composite coatings market is growing with progression due to need for lighter, stronger materials in aircraft and automobiles where weight is reduced for better fuel economy and performance. Thus, composite coatings represent an important factor in these above areas. Increased production in the automobile sector, in turn, will increase the market for composite coatings, being so critical to the new automobile’s needs of protection, aesthetics, and needs of repair and restoration in the refinish automotives. The International Organization of Motor Vehicle Manufacturers (OICA) recorded a production increase of 10% in 2023 vehicles, with 93,546,599 produced in all, including cars numbering 67,133,570 and commercial vehicles numbering 26,413,029.
Figure 1: Vehicle Production in the World, in Million, in 2023
Source: OICA
Top companies in the composite coatings market
Let’s discuss each in detail.
AkzoNobel is a global leader in the manufacturing of paints and coatings products and solutions. It is based in the Netherlands, with the company having over 150 countries in its accessibility across the globe. It pursues brands such as Dulux, International, Sikkens, and Interpon, focusing its business on more sustainable and innovative solutions. In addition, they push themselves to always innovate in the types of solutions they are delivering in all areas, especially in enhancing their sustainability and longevity aspects.
The strategy of the company is a balance between growth and improvement in profitability, to become a first-class portfolio of brands in terms of coverage by distributing revenue with 50% coming from emerging markets, across-the-board global geography so that the sources of income are well spread out worldwide to help build growth and enhance profitability in its products The company generates strong cash generation for itself through the positioning of a well-placed consumer base which will hold it at optimum drive to enjoy the fastest turnarounds in growth as well as profitability improvement.
AkzoNobel provides in detail all composite coatings product lines from the specialized divisions, namely Aerospace Coatings. Under this, it offers Aerodur Barrier Primer 37045, a solventborne chromate-free 3-component isocyanate-cured epoxy primer for composites and plastics, in black and white colors only. The maximum gloss level of the product is 25 GU. It gives a coverage of 35 m² per liter and 1423 ft² per US gallon. The assumed application of their composite coatings are related to aerospace defense sector that require lightweight but high-performance materials.
PPG is a worldwide leader in paints, coatings, and materials, with operations in over 70 nations and a customer trust of 135 years. It has several products suited to industries such as aerospace, automotive, industrial, and protective and marine. A commitment to high quality and innovation is very well-known of the company. It currently has more than 156 manufacturing sites serving across 70 countries. PPG focuses on providing innovative and environmentally viable coating solutions that improve product performance and aesthetics over time across a plethora of applications.
The company offers high-performance coating products for composite structures. They are a leading name in aerospace coatings, offering products for exteriors and interiors of aircraft that are resistant to extreme conditions. PPG also provides automotive coatings, which include original equipment manufacturer (OEM) and refinishing, with promises of durability and colorfastness under exceptional, high-quality finishes. They also provide industrial coatings like protective coatings for metal structures, powder coatings, and specialty coatings for difficult conditions.
Sherwin-Williams is another well-known producer for paint and coatings industries that has the widest variety of products for varied forms of use such as residential, commercial, industrial, and marine products. The company was started in 1866 and has a long history of developing business, innovating, and meeting the needs of the workforce and global customers. They market their branded products through exclusive sale in over 5,000 stores across the US, Canada, the Caribbean, and Latin America. They have engineered paint and coating solutions that can reach more than 120 countries doing business in construction; industrial; packaging; and transportation markets. The company comes with complementing reputation in terms of quality, shades from the extensive color spectrum available, and an ironclad commitment to innovation and customer support.
The company works as an integrated major, focusing mainly on composite coatings in its industrial coatings division. Their composite coatings are primarily intended for the industrial application requiring durability, corrosion resistance, and specific performance characteristics. Their pigmented wood/composite topcoats product portfolio like Sher-Wood® F3 Kemvar® Plus Conversion Varnish, Kem Aqua® Plus, among others are compliant with industrial standards and show excellent hardness, flow, leveling, and resistance to blocking, marring, staining, and printing. These products provide finishes that make a difference indeed on building products.
Besides, the latest product launch from Sherwin-Williams Aerospace Coatings includes a new aerospace conductive coating designated as CM0485115, which is a high-conductivity solution for the dissipation of static on aluminum as well as composite aircraft in September 2023. The coating is characterized by a resistivity value ranging from 0.1 to 100,000 ohms per square meter; thus, it affords the static charges to dissipate from antennas and radomes. Its good adhesion and fluid resistance make it a staple for the soaring adoption of composite substrates in the aerospace marketplace.
INOMETA is a German company, part of the AVANCO Group, developing and producing innovative lightweight design solutions and functional surfaces. It specializes primarily in technical lightweight design items manufactured from aluminum and fiber composites such as carbon fiber-reinforced plastic and glass fiber-reinforced plastic.
Fiber-reinforced and ceramic-filled plastic coatings with exceptional strength, versatility, and adaptability are INOMETA’s PROTEK® composite coatings. They offer high performance in diverse applications due to their extraordinary adhesion strength to carbon or glass fiber composites, optimum abrasion resistance, and electrical insulation or conductivity adjustability. Applications of these coatings ranges from printing, offshore, medical technology glass and ceramics, textile, and paper and film. They also serve in rubber recovering and are fulfilling even the most serious industry requirements through state-of-the-art processes and controlled precision.
Conclusion
The composite coatings market is poised to grow significantly because of factors such as growing demand for lightweight materials, strict environmental regulations, and technology advances. Some major companies like Sherwin-Williams and AkzoNobel have also been investing in upgraded R&D facilities to develop innovative products. Such industry leaders share is important for latest product innovations that would shape the future of the market through various strategic collaborations, mergers and acquisitions, and strong believe in sustainability. When the market changes through growth, by these leading companies, it will meet the increased demand across end-use industries, thus ensuring this ever-thriving industry becomes better.
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EV Powertrain Market size worth US$199.314 billion by 2029
Press ReleasesThe EV powertrain market is predicted to expand at a compound annual growth rate of 7.93% and increase from US$136.120 billion in 2024 to account for US$199.314 billion in 2029.
An EV powertrain is a combination of different systems and components of an electric vehicle, which powers and drives the vehicle forward. The powertrain of an electric vehicle consists of multiple key components, which include batteries, motors, transmissions, and energy management systems.
With the increasing demand for electric vehicles across the globe, the global EV powertrain market is forecasted to witness significant growth. Various global companies and organizations introduced new research and development schemes to innovate and integrate new technologies in the electric vehicle powertrain market. For instance, in March 2023, Nissan, a global leader in automotive innovation, launched its new approach to electrified powertrain development. The company stated that the new approach is aimed at reducing the development cost of newer powertrains for the electric vehicle, as it offers sharing and modulization of EVs and e-power core components.
Under the component segment, the EV powertrain market is categorized into transmission, motors, and battery. In the global EV powertrain market, the battery category, under the component segment is forecasted to attain a greater market share during the forecasted timeline. The battery is among the key components of an electric vehicle, which helps in storing, and efficiently delivering power to different components of the vehicles.
The propulsion type segment of the EV powertrain market is categorized into battery electric vehicles and plug-in hybrid electric vehicles. Under the propulsion type segment of the electric vehicle powertrain market, the battery electric vehicle market will attain a greater market share. The battery electric vehicle or BEVs are a type of electric vehicle, which completely depends on electricity stored in its battery to operate and drive the vehicle. In the global zero-emission vehicle market, the battery electric vehicle witnessed significant growth, as it offers efficient and sustainable technology in the automotive industry. The International Energy Agency, in its report, stated that the sales of battery electric vehicles witnessed a massive growth in the past few years, compared to plug-in hybrid electric vehicles. The agency stated that in 2021, 1.19 million PHEVs were sold globally, whereas about 4.7 million BEVs were sold. Similarly, in 2023, the total sales of BEV were recorded at 9.5 million, whereas about 4.3 million PHEVs were sold globally.
The EV powertrain market, under the vehicle segment, is categorized into passenger cars and commercial vehicles. In the global EV powertrain market, the passenger cars category under the vehicle segment is projected to witness significant growth during the forecasted timeline. The passenger cars category in the global EV market witnessed significant growth in sales. Similarly, various governments across the globe also introduced key policies and subsidy schemes to boost the sales of passenger cars.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share of the global EV powertrain market. The Asia Pacific is among the biggest producers and adopters of electric vehicles across the globe. The sale of electric vehicles in the Asia Pacific region has also witnessed a constant increase with the introduction of new technologies in the industry. The International Energy Agency, in its report, stated that China alone contributed to about half of the total sale of electric vehicles across the globe. The agency stated that in 2021, the total sales of electric vehicles in the nation were recorded at about 3.3 million, which surged to about 6 million in 2022. In 2023, the total sales of EVs in China were recorded at 8.1 million, whereas only 3.2 million EVs were sold in Europe and 1.4 million in the USA during 2023. Similarly, the introduction of key investment schemes and tax benefits by the governments of various countries in the region also pushed the production of electric vehicles, boosting the EV powertrain market in the Asia Pacific region.
The research includes several key players from the EV powertrain market, such as GKN PLC (Melrose Industries PLC), NVIDIA, Magna International Inc., Hitachi Astemo, Ltd., Bosch Limited, Cummins Inc, AVL List GmbH, Mitsubishi Electric Corp, and BorgWarner Inc.
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This analytics report segments the EV powertrain market as follows:
Metaverse Market size worth US$587.097 billion by 2029
Press ReleasesThe metaverse market size is valued at US$93.114 billion in 2024 and is estimated to grow at a CAGR rate of 44.52% during the forecast period, reaching up to US$587.097 billion by 2029.
Metaverse is a type of digital ecosystem, that is built utilizing multiple kinds of 3D and virtual technologies, like real-time collaboration software, and blockchain-based financial tools among others. It is a type of persistent and immersive 3D virtual space, which is shared by multiple users, sharing different types of digital platforms. In the metaverse, the users have the ability to perform various real-life acts, like shop, play, work, and socialize with other users. The metaverse offers multiple advantages to the users and developers like it helps in enhancing the virtual tour experience of the users. The metaverse acts as a great tool for professionals, as by using the metaverse technology, a healthcare professional can visit patients with geographical limitations.
Although the metaverse setting offers multiple advantages, the technology also includes several cons, like it includes higher equipment costs for technologies like AR headsets or VR headsets, consoles, software, and others. It can also lead to the risk of data breaches, as the metaverse setting is a completely online and cloud-based technology. Various companies and organizations are investing heavily in the development of new solutions to secure metaverse technologies. Many companies have also introduced new features, or applications for the metaverse, which is also expected to push the demand for the metaverse market forward. For instance, in October 2024, Lamborghini, a global supercar manufacturer, with a partnership with Animoca Brands launched Fast ForWorld, which aims to bring supercars into the metaverse gaming setting.
The component segment of the metaverse market is categorized into hardware and software. Under the component segment of the global metaverse market, the software category is forecasted to attain a greater market share. The software is among the key components of the metaverse market, which connects the real-life user to their metaverse character, and helps to interact with them. There are four basic types of metaverse software, which include gaming-based software, social-based, commerce-based, and education-based. The substantial growth of the metaverse market offers the developers of software across the globe an impressive opportunity to attract new users.
The metaverse market, under the technology segment, is categorized into virtual reality & augmented reality, edge computing, artificial intelligence, and mixed reality, human interface, and others. The virtual reality & augmented reality category, under the technology segment of the metaverse market, is forecasted to achieve greater growth. Augmented reality and virtual reality, or AR/VR is a combination of hardware and software technologies combined together, which helps in transforming the user into the online realm. Augmented reality or AR uses a real-world ecosystem, and adds virtual elements into it, whereas virtual reality or VR is a completely virtual setting.
By platform, the metaverse market is categorized into desktop, mobile, consoles, and others. Under the platform segment of the metaverse market, the mobile category is forecasted to attain maximum market share. The increase in the global demand for smartphones and the introduction of new technologies and capabilities of the mobile phone is expected to push its market share in the metaverse market. In the past few years, the mobile phone sector globally witnessed the integration of several new technologies, like AI, AR, 5G, and IoT, which help in increasing the market demand for products across the globe. The GSMA (GSM Association), in its report, stated that the ownership of smartphones increased significantly across the globe. The agency stated that by October 2023, about 54% of the global population, or about 4.3 billion individuals across the globe own smartphones.
The metaverse market, by industry vertical, is categorized into BFSI, retail, media & entertainment, education, aerospace & defense, manufacturing, and others. The media & entertainment sector of the industry vertical category of the metaverse market is forecasted to attain a greater market share. The metaverse technology offers new growth opportunities for multiple industries, most importantly to the media and entertainment sector. In the metaverse setting, the companies operating in the media and entertainment sectors can build a deeper connection with the users. Various media companies have introduced several virtual settings, based on some stores, which offer the consumers a more immersive experience of the stories, and characters.
Based on geography, the North American region is forecasted to witness maximum market share, majorly with the increasing adoption of new technologies in the region. The North American region is among the biggest developers and adopters of new technology-based solutions, like AI and ML, which offers the companies in the region the first-mover advantage in new markets like metaverse technology. The region is also home to some of the biggest companies working on or developing metaverse technologies, like Google, Microsoft, Apple, and Meta (Facebook). The high availability of such companies also offers a competitive advantage for the development of new technologies, and increasing investments in research and development.
The research includes several key players from the metaverse market, such as Meta Platforms, Inc., Tencent Holdings Ltd., Nvidia Corporation, Roblox Corporation, Unity Technologies, Inc., Nextech Ar Solutions Corp., The Sandbox, Active Theory, Decentraland, Microsoft Corporation, and Antier Solutions Pvt. Ltd.
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This analytics report segments the metaverse market as follows:
Key Players in the Polycarbonate Market: Strategies and Innovations Shaping the Industry
BlogPolycarbonate is the term applied to a supple thermoplastic polymer which has become one of the essentialities in various industries. It is used for impact resistance, optical clarity, weightiness, and heat resistance. Different industries where applications are found include automobiles, electronics, construction, medical equipment, and consumer items. There is stiff competition in the global polycarbonate market, with major players offering strategic measures and introducing novel solutions to grab market share and satiate the market need for more earth-friendly and high-performance materials.
Moreover, technological advancements like laser-cutting, printing, and coating techniques are major catalysts for market growth because they have enhanced the applicability of polycarbonate film across various industries. This technology allows a very detailed and intricate cutting of polycarbonate films, which makes it possible to produce complicated forms and designs with a precision never before seen in manufacture. This radical change in process has made more effective, economical manufacturing possible, printing technologies have made possible personalization and branding of polycarbonate films possible, and increasing use in the automotive industry which has also increased the sales of new vehicles, leading to high demand for polycarbonate market. For instance, automotive sales increased from 65,101,201 in 2022 to 73,041,198 in 2023.
Figure 1: Sales/registration of New Vehicles, Global, 2022 to 2023
Source: OICA
Further, the polycarbonate industry is ruled by only a few, major multinational companies- Covestro AG, SABIC, Teijin Limited, Mitsubishi Engineering Plastics Corporation, LG Chem, and Idemitsu Kosan Co. Ltd. Such organizations are at the forefront of innovation, have efficient supply chains, and pay attention to the client’s need for product development. These companies derive their market dominance from enormous investments in R&D and alliances with advanced manufacturing capabilities.
Let’s discuss each in detail.
Covestro AG
Covestro is the leading producer of high-tech polymers globally, as well as one of the top companies producing polycarbonate resin.
Strategy:
Covestro is focused on promoting a circular economy and providing environmental benefits. The company is also creating bio-based polycarbonate grades like Makrolon® RE, using renewable feedstocks yet maintaining high performance in both applications and end products.
Production sites for Covestro include Asia Pacific, Europe, and North America as part of its global footprint which further enhances its ability to build up reliable supply chains and satisfy demand across major regions.
Through utilizing powerful digital tools, Covestro can increase the efficiency of its supply chains and relationships with customers.
Innovations:
The recycling of plastics produced in high quality by Covestro targets automotive and consumer electronics.
It has lightweight polycarbonate composites in automotive applications that reduce weight, which helps fuel efficiency and lower emissions.
SABIC
SABIC is a giant in petrochemicals across the globe when it comes to polycarbonate. Everybody knows polycarbonate for its brand, the LEXAN™.
Strategy:
Recycling recently enters through investments in very innovative recycling processes for polycarbonate development into recycled resins of virgin-grade quality.
SABIC is establishing its presence through partnerships and increased capacity in emerging countries and Asia Pacific.
Extensive collaboration with the automotive and electronics industries in developing specific solutions.
Innovations:
SABIC flame-retardant polycarbonate grades meet stringent electronic safety standards.
Its optical-grade polycarbonate is widely utilized in covering solar panels and in LED lighting systems.
Teijin Limited
Teijin is an eminent provider of polycarbonate resin safeguarding itself with lots of innovative applications of lightweight, high-performance composites.
Strategy:
Teijin creates lightweight materials for automotive and aerospace uses while enabling manufacturers to meet environmental legislation.
The company expends countless resources in the development of new polycarbonate composites and sustainable materials.
Innovations:
These composites are used in electric cars (EVs) for their battery casing and also as an interior trim. It creates polycarbonate having excellent electrical characteristics for IoT devices and wearable electronics.
Mitsubishi Engineering Plastics Corporation
Mitsubishi Engineering Plastics is the polycarbonate house of a global joint venture of Mitsubishi Gas Chemical and SABIC.
Strategies:
Customization of polycarbonate to be specifically tailored to industrial products like optical storage media and medical equipment.
Source recycled materials to convert them into polycarbonate products for a lesser environmental effect.
Innovations:
Materials designed for robust sterilizing resistance & biocompatibility in health care applications.
These tend to be flame-retardant plus impact-resistant characters usually seen in your smartphones and tablets.
LG Chem
LG Chem is a major contender in the global polycarbonate market offering a wide range of thermoplastic materials for industrial and consumer applications.
Strategies:
LG Chem ensures vertical integration in order to maintain the cost-effectiveness of its products while also being able to have them made to high-quality standards.
The work of this company evolves among others bio-based polycarbonate and recycled polycarbonate for environmental compliance.
Innovations:
From LG Chem, polycarbonate products are used in bulletproof glasses, automotive parts, and LED lights.
Applications in construction include roofing, skylights, and architectural glazing with polycarbonate sheets.
Idemitsu Kosan
Idemitsu Kosan takes the lead in manufacturing superior polycarbonate materials for markets such as automotive, electronics, and healthcare.
Strategies:
The company is planning to enhance its presence in North America and Europe while maintaining its solid operations in Asia.
Work together with manufacturing companies to supply customized solutions fulfilling individual performance requirements.
Innovations:
It provides heat-resistant polycarbonate materials that are thermally stable for industrial and electrical purposes.
Idemitsu focuses on manufacturing polycarbonates with lower carbon footprints.
Industry Outlook
The competition among the companies will bring about continued improvements along the innovation curve and the applicability of long-term solutions. The fact that lightweight materials will be adopted into electric vehicles, renewable energy infrastructure, and recyclable plastics means that the developing polycarbonate market is only going to get bigger. The competition is investing in and polishing their strategies and new technologies so that they would set the future of the industry. Making polycarbonate an important term in many sectors.
The electronics industry is another major market contributor, using polycarbonate for flame-retardant and damage-resistant parts for smartphones, laptops, and IoT devices. Other prominent growth drivers will be smart home technology and wearable electronics.
An extreme emphasis on sustainability is defining the future of this industry. The key players are in creating bio-based and recyclable polycarbonate to almost cover all environmental issues as well as global sustainability standards. Advanced recycling technologies make the cyclic model an integral part of the manufacturing process.
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How EV Charging Connectors Are Driving the Electric Vehicle Revolution
Thought ArticlesElectric vehicles (EVs), which use electric motors driven by large batteries rather than conventional internal combustion engines that run on gasoline, represent a revolutionary change in the automotive industry. EVs provide environmentally friendly transportation and eliminate the need for frequent trips to gas stations. They are distinguished by their increasing driving ranges, which can range from 80 to more than 300 miles on a single charge. In other words, electric vehicles reduce air pollution as well as maintenance expenses since such vehicles do not come with exhaust and oil systems. More and more people are opting for electric automobiles due to their ethical nature as well as advanced technologies that promise a better future in transport.
Electric vehicles (EVs) signify a new vehicle era and movement away from gasoline and diesel engines. Advanced electric motors with battery systems that aid in driving EVs are at the centre of the travel revolution, which has a greater focus on ecologically sustainable transport. Clients and customers of electric vehicles have supported them as these vehicles help reduce the business ecological footprints created, for instance, by conventional gas-powered vehicles.
Moreover, one fundamental shift in the lifestyle of electric vehicle owners is the convenience of not visiting a gas station. It is possible to charge the cars at home using a simple electrical socket or a specialized charging unit. Even more, the mass transit system is extending the network of public charging spots, making it easier to charge while moving on to other activities. Thus, the growth of the adoption of electric vehicles is facilitated by the convenience of charging them at home and their overall functionality.
Figure 1: Global Battery Electric Car Stock, in Millions, Global, 2023
Source: International Energy Agency
EV charging connectors are driving the industry in the following ways
Let’s discuss each one in detail.
1. Infrastructure expansion and accessibility
Uniformity among elements such as charging connectors is vital for enhancing EV infrastructure development as it supports the creation of huge networks for both EV users and charging service providers. It is noted that there are regional standards for DC fast charging operators where CCS is being adopted as the global standard in several regions such as the US and Europe. This reduces the need for complicated infrastructure development in the sense that networks and manufacturers do not have to deal with more than one type of connector.
To enable non-Tesla EV owners access to its network, Tesla recently revealed that it will be making a few modifications to its Supercharger network so that it will be compatible with CCS connectors. Such should help alleviate any ‘range anxiety’ concerns by allowing access to one of the largest fast-charging networks, if not the most, for EV drivers.
2. Increasing charging speed
Fast charging is one of the attractive features of EVs that enhances their utility. They are fundamental factors yet, charging connectors influence the way fast charging is pegged to the usefulness of Evs. There are newer technology connectors for fast charging such as CCS or Teslas’ closed systems that reduce the time spent in charging EVs, bringing the ref-refuelling EVs nearer to ICE vehicles. As was the case with CCS2, 80% of the charge can be accomplished in less than half an hour, with power levels reaching 350 kW.
3. Promoting Vehicle-to-Grid (V2G) capabilities
The capabilities of V2G are made possible by the bi-directional charging functionality innate to CHAdeMO and some of the CCS connectors. EVs fitted with this technology can send energy back to the grid, thus becoming movable batteries whose purpose is to support the grid during peak hours or emergencies. Aside from allowing EV owners’ energy expenses to be lowered, V2G also ensures the reliability of the grid and the deployment of clean energy.
4. Facilitating international standardization
Due to connectors like Type 2 and CCS2, Electric Vehicles are becoming less burdened with cross-border usage and manufacturing. With the advantages of standard connector types for electric vehicles, electric car manufacturers are now able to manufacture cars with one standard design, which eases manufacturing and reduces expenditure in particular regions like Europe.
5. Improving safety and reliability
Due to the standardization of the connectors used in electric vehicle charging networks, there are global charging networks that use fewer types of connectors, thus, more drivers can be served within the networks. With this going on, infrastructure for such networks is developed much faster and owners of electric vehicles have less trouble. The other area of focus while coming up with charging connectors is safety. Many advanced connectors such as CHAdeMO and CCS used safety features as well. In an instance of fast charging, temperature levels are monitored by sensors within the device to prevent excessive heat build-up. Interlock systems are built into the connectors to prevent driving when the EV is plugged in to ensure safe and effective charging.
Innovations in EV charging
With the growth of the EV market, future developments in connection technology will be needed to increase convenience, and speed, and reduce environmental damage.
Wireless Charging:
Inductive charging systems are being developed to enable EVs to be charged without the need for cropping connectors; they may, in some instances, supplant the traditional connectors. Wireless charging still has a long way to go, but this could be ideal for households, taxis and fleets.
Universal Connectors:
There is ongoing development of universal connectors that will be capable of managing AC and DC charging at varying power levels. This will aid in optimizing the infrastructure even more, making it easy for EV owners to find compatible chargers anywhere.
Ultrafast Charging Capabilities:
While today’s connectors like CCS2 and Tesla’s Supercharger networks are relatively fast, future connectors will reach an extreme charging capacity of 500 kW which will make the charging time for the majority of EVs between 10 and fifteen minutes.
In conclusion, EVs in today’s transportation landscape have transcended their primary purpose of providing mobility; they are harbingers of change; taking the world to a new level of development. The world is at an age when unprecedented mobility, one that is sustainable, is slowly but surely emerging; this is represented by the soft whir of electric engines. EVs do offer environmental benefits, but they are also economically attractive due to their enhanced energy effectiveness and lower servicing requirements, making them economically and environmentally advantageous.
Electric mobility is expanding to include the whole ecosystem, not just the single EV chassis. The industry’s dynamism is evidence of a move towards a cleaner, greener future, from the expanding market for electric vehicle batteries to the complex network of connectors and charging stations.
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Urinalysis Market size worth US$7.088 billion by 2030
Press ReleasesThe global urinalysis market is expected to grow at a compound annual growth rate of 6.44% over the forecast period to reach a market size of US$7.088 billion in 2030 from US$4.296 billion in 2025.
Urinalysis is a rapid and highly efficient method applied in urine sample testing with the intent of detecting pre-existing chronic conditions including kidney disease and diabetes, as well as infections like urinary tract infections. Numerous physical, microscopic and chemical tests assist in diagnosis through cell counts, protein levels, and creatinine concentrations, as well as the detection of other materials such as crystals in the urine. All these, as implied in their functions, also serve to find the causes of symptoms such as back pain, stomach pain, and painful urination. Based on the increased prevalence of chronic diseases such as diabetes, kidney disease, and urinary tract infections, the market is primed for growth.
Furthermore, the ageing population and increasing government awareness campaigns are likely to push demand for urinalysis along with the latest technological advancements in urinalysis during the forecast period. Ageing populations in both developed and developing countries contribute to the expansion of the urinalysis market. For instance, One in six individuals worldwide will be 60 years of age or older by 2030. At this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. The number of people in the world who are 60 years of age or older is expected to double to 2.1 billion by 2050. Between 2020 and 2050, the population of people 80 years of age or older is predicted to triple, reaching 426 million.
Moreover, one in five adults over 65 has diabetes, according to the International Diabetes Organization. As more disorders are being diagnosed and treated, prescriptions for tests like creatinine, albumin, glucose, ketones, and bilirubin, among others, are increasing. This is good for urinalysis, which is used to perform these tests.
Additionally, one of the main factors propelling the market forward is the higher incidence of urinary tract infections (UTIs) in developing countries. One of the main factors propelling the market expansion is the fact that, if untreated, urinary tract infections (UTIs) can spread to the kidneys and result in birth complications in expectant mothers. Additionally, the 13.3 million people who experience acute kidney injury (AKI) worldwide each year run the risk of developing chronic kidney disease (CKD) or renal failure in the years to come, which is anticipated to drive market growth. Furthermore, it is anticipated that the technological advancements in urine analyzers will present prospective avenues for the expansion of the urinalysis market in the upcoming years.
The global urinalysis market is segmented by product type into two major categories: Instruments and consumables where the instrument is further segmented into automated urine analyzer, semi-automated urine analyzer, and point-of-care urine analyzer, consumables are further segmented into reagents, kits. Dipsticks, and disposables. The rising requirement and repeated purchases of the reagents and dipsticks by hospital and clinical laboratories account for most of the demand for consumables. Dipsticks, which obtain the maximum share of market consumption, are by far the most widely used urinalysis consumable. Reagents are used to quantify the relative concentrations of specific constituents in the urine. However, such convenience and accessibility innovative consumables like point-of-care testing devices and rapid test kits create, further fueling the accessibility and convenience that urinalysis contributes to. Multiple major providers like Siemens Healthcare GmBH, Abbott, and Roche are currently offering high-quality urinalysis test consumables in the market, which is expected to boost the growth of this segment.
The global urinalysis market by test type is segmented into biochemical urinalysis, pregnancy & fertility urinalysis, and sediment urinalysis. A urine test can detect pregnancy, dehydration, kidney and bladder infections, and preeclampsia. Blood sugar test results might show that gestational diabetes could be revealed during the 20th week of pregnancy. Pregnancy tests look for the presence of human chorionic gonadotropin (hCG) hormone which occurs in women’s bodies during pregnancy. With these tests, hCG can be detected in either urine or blood. Pregnancy urine tests are cheap and readily available in every home. When done properly, those home pregnancy tests can be pretty accurate. Development in the Segment will be due to increasing urinalysis demand for pregnancy and fertility detection. There have been numerous studies performed to assess how urinalysis can identify pregnancy.
The global urinalysis market by application is segmented into urinary tract infections, diabetes, kidney diseases, liver diseases, pregnancy and fertility, and others. Urinalysis has been an essential screening test for diabetes, and one of the main engine drivers in market growth is the increasing number of diabetic patients everywhere. Obesity is the biggest risk factor for developing a type 2 diabetic condition. The increasing incidence of obesity in the population in recent decades has been the foremost contributor to the increasing cases of diabetes. Moreover, according to projections by IDF in the year 2014, there will be an estimated number of about 783 million adults – 1 in 8 – living with diabetes by the year 2045. An increase of 46% will be added. The majority of patients, over 90%, are classified as having type 2 diabetes. This type usually develops under the interaction of different factors, such as genetics and the environment, including age as well as demographic and economic status.
The global urinalysis market by end-user is segmented into hospitals & clinics, diagnostic laboratories, research & academic institutions, and home care settings. The developing environment sustained by clinical laboratories increased by easier customer access and newer products. One such clinical test in this context is urinalysis, which is performed in more than 20,000 clinical laboratories across the U.S. Proteomics, genetic testing, microarray technology, biomarkers, and other innovative testing methods have been used in developing the techniques to improve the identification of kidney disease.
Based on geography, the North American region of the global urinalysis market is growing significantly. The North American market is anticipated to hold a substantial market position because of the ageing population and the high prevalence of chronic kidney disease. CKD is associated with diabetes, high blood pressure, and kidney failure. The National Kidney Foundation reports that each year, CKD claims more lives than prostate and breast cancer combined. Kidney disease is a leading cause of death in the United States. About one in five adults with high blood pressure and one in three people with diabetes have kidney disease. As a result, there is an increasing need for precise CKD diagnosis and treatment, which will probably increase the need for urinalysis.
As a part of the report, the major players operating in the Global urinalysis market that have been covered are ARKRAY, Inc., 77 Elektronika Kft., Siemens Healthineers AG, F. Hoffmann-La Roche Ltd., Beckman Coulter, Inc., Abbott Laboratories, Sysmex Corporation, Neomedica d.o.o. Mindray Medical International Limited, Analis sa/NV.
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The market analytics report segments the global urinalysis market as follows:
Ethernet Cable Market size worth US$30.453 billion by 2029
Press ReleasesThe ethernet cable market is worth US$15.900 billion in 2024 and is predicted to witness growth of 13.88% CAGR over the projected period to account for US$30.453 billion by 2029.
An ethernet cable is a type of cable, which connects the router, modem, or network switch to the computer. The ethernet cable allows the computer to the access local area network (LAN) and is also used to connect devices to the internet. Ethernet cables offer a wider range of advantages over wireless connection solutions, as they offer relatively lower latency to the network connection, and it is also among the cheaper sources of internet connectivity. The ethernet cable also offers the users secure connectivity, as the wired network connection offers a lower risk of breaches or hacking attempts. There are various types of ethernet cables available across the market, which include fast ethernet, gigabit ethernet, 10 gigabit ethernet, and switch ethernet, which offer different data transfer speeds.
The global ethernet cable market witnessed several major introductions of technologies, that aimed to boost the capability of these cables. With the increasing demand for technological advancements across the globe, the market for ethernet cable is also expected to grow, as these cables offer a faster, and secure network connectivity solution. Various companies and organizations introduced new technologies into the global ethernet cable market. For instance, in April 2024, LAPP, a global integrated solutions for cable and connectivity technology provider, launched its first bio-cables for the series production of its ETHERLINE FD bioP Cat.5e. This data cable consists of bio-based sheath material and consists of 43% renewable raw material.
The type segment of the ethernet cable market is categorized into coaxial, twisted pair, and fiber optic. The fiber optics category, in the type segment of the global ethernet cable market, is forecasted to attain greater market share. Fiber optics technology is among the latest technologies in wired data transfer, in which the information is transmitted as a light pulse along the plastic or glass fiber, embedded inside the cable. The fiber optics solution offers several benefits to the users, compared to other categories, as it ensures a high-speed transfer of data, generally at the speed of 1 Gbps, which is about 10 to 20 times faster than other cable technology. The fiber optics also offers better reliability and multi-device connectivity. The fiber optics technology also ensures the safety of the data transferred.
The ethernet cable market, under the shielding segment, is categorized into shielded and unshielded. In the shielding segment of the ethernet cable market, the unshielded category is forecasted to attain maximum market share. An unshielded ethernet cable is a type of ethernet cable which do not include an extra layer or screen of aluminum sheet, for protection from nearby sources of electromagnetic interference (EMI). These types of cables are generally used across residential or commercial interfaces, where the risk of interference is lower. The unshielded ethernet cables are less expensive as compared to the shielded cables and also offer flexible usage. The unshielded cables are also easy to install and support a wide range of devices and connectors.
By end-user, the ethernet cable market is categorized into residential, commercial, and industrial. Under the end-user segment of the global ethernet cable market, the commercial category is forecasted to attain a greater share. In the commercial sector, ethernet cables offer a wide range of applications, across multiple industries, like banking, government, and IT & telecommunication. In the commercial setting, ethernet cables are used to ensure high speed and secure network connectivity.
Based on geography, the Asia Pacific region is anticipated to attain significant growth in the global ethernet cable market. The Asia Pacific region is among the fastest-developing consumers of the Internet across the globe. Countries like India, Singapore, China, and Japan are among the countries that offer high-speed internet connectivity and are continuously evolving the technology to boost the speed of the internet in the region. Similarly, the growth of the data center landscape in the region is also expected to boost the ethernet cable market in the Asia Pacific. The Asia Pacific region has grown as the global hub for data center solutions and infrastructure, which majorly uses ethernet cables to connect multiple servers and offer high-speed and secure data transfers. Countries like India, Taiwan, and Singapore have introduced multiple policies and investment opportunities to create technologically advanced data center solutions across the region, boosting the demand for ethernet cable across the region.
The research includes several key players from the ethernet cable market, such as Belden Inc., Lapp Group, igus, Gore, LEONI, Southwire Company, LLC, Prysmian Group, Hitachi, Ltd., The Siemon Company, and Elettronica Conduttori Srl.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/ethernet-cable-market
This analytics report segments the ethernet cable market as follows:
Mashed Potatoes Market size worth US$5,372.489 million by 2029
Press ReleasesThe mashed potatoes market will reach US$5,372.489 million in 2029 at a CAGR of 6.94% from US$3,841.333 million in 2024.
In many regions of the world, especially in the Americas and Europe, mashed potatoes are among the most loved accompaniments. Packaged and convenience foods have continuously risen mainly due to urbanization and a more relaxed way of life. Since they are rich in starch and carbohydrates that often provide the bulk content of tasteful meals served as side dishes or food trains, mashed potatoes are one of the major components of many instant meals.
Moreover, concern for healthy eating borders and friendly environments welcomes the multi-cuisines unabated and has in a way contributed to the appreciation of mashed potions. Furthermore, the quickly growing number of aged people with their challenges, plus dental issues, has made consumers of all ages love mashed spots even more. For instance, World Bank figures show that in 2022 this figure accounted for 10%, but by 2050 it is projected to increase even further to 16%.
Another reason pushing demand for quick service further is the increasing hotel, restaurant and catering services (HoReCa) activities. This has stimulated the use of packaged and frozen food, and consequently the serving of mashed potatoes. Additionally, mashed potato blend cuts down on preparation time while maintaining the same consistency and flavour in every dish.
Furthermore, there are now a lot of options for mashed potato seasonings and garnishes due to the widespread availability of flavour customization. Customers are experimenting with unique cheeses, sauces, herbs, and flavours to enhance the appearance and flavour of mashed potato products. The art of designing finishes and seasoning is never complete; the outcome has no limits, from conventional choices like butter, garlic and herbs to extreme ones such as bacon or truffle oil. In the current scenario where more and more people are adopting vegetarian and plant-based diets, there is also a growing demand for vegetarian or plant-based alternatives to mashed potatoes.
The mashed potato market, by application, is divided into two types- Food ingredients and food products where food products are further segmented into snacks and culinary, one of the most popular sources of mashed potatoes is found in different varieties of food, for instance in western styled food orders made in cafes and hotels. Mashed potatoes can be found on menus featuring fusion cuisine or international fare, though they are not as common as they are in Western countries. In many countries, convenience stores sell pre-packaged mashed potato products that are frequently served in bento box meals or flavoured with seasonings.
The mashed potato market, by form, is divided into two types: powder and solid. Mashed potatoes can be found in many different types of food, such as Western-style food orders that are placed in cafes and hotels. Though not as prevalent as they are in Western nations, mashed potatoes can be found on menus offering fusion cuisine or international fare.
Moreover, convenience stores across many countries sell pre-packaged mashed potato products that are often served in bento box meals or seasoned.
The mashed potato market, by distribution channel, is divided into two types: The largest distribution channel segment belongs to the foodservice industry comprising all accommodation establishments, restaurants and catering. This is because the hospitality sector has the greatest appetite for convenient ready-to-eat mashed potato mixes that can be used at any time and any place. The retail portion is made up of supermarkets, hypermarkets, and online retail, which is comparatively increasing at a steady rate. This is due to the rising inclination towards home-cooked meals and the increasing availability of shelf stable ready-to-eat mashed potatoes in retail.
During the projected timeframe, it is anticipated that the market for mashed potatoes will experience remarkable growth within Asia Pacific. Increases in pre-packaged food products, particularly meals on the go, have proven to be one of the many contributors to the rising demand for mashed potatoes in the USA. Moreover, in some fast-food-styled cuisines, boiled –pounded- or baked–pureed- potatoes with the addition of milk are present. Taking into consideration the ever-increasing fast foods and quick service restaurants in the country, it is expected the consumption of mashed potatoes will pile up together with the rest. Mashed potatoes are also a product that the famous fast food chain KFC is planning to offer.
Due to its unique taste, low prices and multi-functionality mashed potatoes are likely to become a popular dish served as a side or a main meal. Idahoan Foods has an intention to diversify its product range, as an important supplier of fresh potato products in the US, and includes investments, not only in this type of food but in new product development as well, which should create new growth potential for the US market.
The research includes several key players from the mashed potato market, such as Hungry Jack’s, Pomuni, Unilever Food Solutions, Post Holdings Inc., Agristo, McCain Foods Limited, Idahoan Foods LLC, and Hormel Foods, LLC.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/mashed-potatoes-market
The Mashed Potatoes Market is segmented and analyzed as below: