Electric Vehicle Battery Thermal Management Systems Market Will Record an Upsurge in Revenue during 2022-2027

March 15, 2023/Industry News Global/  -- This new report from  Stratview Research  analyzes the  Electric Vehicle Battery Thermal Management Systems Market over the forecast period from  2022 to 2027 . The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Electric Vehicle Battery Thermal Management Systems Market Overview:

Electric vehicle battery thermal management systems market  is likely to witness an impressive  CAGR of 28.1%  during the forecast period.

drivers

Key players  in the  electric vehicle battery thermal management systems market  are:

• Robert Bosch GmbH, 
• GENTHERM Inc., 
• Valeo, 
• Dana Inc., 
• Mahle GmbH, 
• Hanon Systems, 
• Voss Automotive GmbH, 
• 3M, 
• Grayson, 
• Polymer Science, Inc.,
• Lord Corporation.

Analysis Segment

Electric Vehicle Battery Thermal Management Systems Market Share: By Application Type

Based on the application type, the market is segmented as passenger vehicles and commercial vehicles. The passenger vehicles application segment is estimated to account for the major share of the market during the forecast period  on account of their easy availability and higher production around the world. Increasing affordability and rising income of the middle-class population will support the growth of the segment over the forecast period

Electric Vehicle Battery Thermal Management Systems Market Share: By System Type

Based on the system type, the market is segmented as passive and active. Passive system is estimated to remain the larger segment of the market during the forecast period  owing to its higher demand, as it facilitates a large amount of cooling and heating power. Passive system is an economical system as the cost associated with it and its component is lower as compared to active system.

Electric Vehicle Battery Thermal Management Systems Market Share: By Region

In terms of regions, Asia-Pacific is estimated to remain the leading region in the market over the forecast period. The region’s market is mainly driven by demand from China and Japan. The growing adoption of EVs in the region, especially in China, is the major factor driving the growth of the market. Furthermore, rising consumer preference for EVs as a result of increased understanding of their benefits and lucrative incentives provided by the government in the region is likely to drive the regional market expansion.

 

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Solid State Battery Market: In-depth Analysis, Demand Statistics & Competitive Outlook 2023-2028

March 15^th,2023/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Solid State Battery Market.

Solid State Battery Market report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The growth of the solid state battery market will be bolstered by rapid technology advancements along with ongoing product design and developments for use in a variety of applications such as consumer electronics and bulk energy storage systems. Increasing expenditures in electric vehicle adoption will give enormous prospects for inorganic growth ventures and considerable R&D activity for key industry organisations. As a result of these factors, the solid state battery market is expected to grow at a promising CAGR of 6.5% during the forecast period.

Segment Analysis

By Product Type

The market is bifurcated into thin film, bulk storage, and others. Thin film type is likely to remain the most utilized product for solid state batteries in the foreseen future due to the rising demand for smart cards, medical implanted devices, RFID, and other wearable gadgets. These are miniature batteries having components made by using a variety of patterning and deposition techniques compatible with microelectronic fabrication techniques. The bulk storage solid state battery market will develop as expenditures across numerous industries, such as military, medical, and small-scale manufacturing, increase. The development of these units for large-scale energy storage is due to ongoing advancements in technology and materials. In addition, due to its extended operating cycle, non-volatile, efficiency, non-flammability, and high conductivity, the device is becoming more popular as a replacement for traditional systems.

By Application Type

The market is segmented into industrial, automotive, consumer electronics, energy storage, and others. Among these application types, the automotive industry is likely to remain the biggest demand generator for solid state batteries during the forecast period. The industry's growth will be fuelled by a greater emphasis on zero-emission automobiles, as well as significant investments in electric vehicle research. Furthermore, rising demand for personal mobility, combined with technology advancements leading to product commercialization, will increase product acceptance. In 2018, the industrial sector accounted for more than a quarter of the worldwide solid state battery market. The industry's growth will be fuelled by the continued acceptance of units in medical, military, and maritime settings. Pacemakers, smart lenses, wireless body area networks (WBAN), implanted devices, and other medical equipment all use these batteries. In addition, as technology advances, their employment in military vehicles, remote military base stations, and other military operations is becoming more common.

Regional Analysis

North America is expected to remain the largest market for solid state battery over the forecast period on account of the paradigm shift toward the deployment of sustainable energy technology, as well as an increase in product use across smart cards, RFID, and other wearable devices. In addition, the solid state battery market will rise due to the increasing use of energy storage systems with various sustainable energy sources. China's solid state battery industry will benefit from ongoing development and expansion of the automotive manufacturing sector, which includes electric and hybrid vehicles, as well as robust economic growth. According to the International Energy Agency, the number of electric vehicles in the United States reached 2.3 million in 2018, accounting for almost 45% share of the global EV fleet. The solid state battery market will be boosted by increasing government-backed funding programmes for the development of safer, more dependable, and efficient battery technologies.

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Solid State Battery Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Body Fat Reduction Market to Witness Robust Growth by 2028

March 14, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Body Fat Reduction Market over the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Body Fat Reduction Market Overview:

The body fat reduction market was estimated at US$ 8.8 million in 2021 and is expected to grow at a CAGR of 10.1% during 2022-2028 to reach US$ 17.31 million in 2028.

Drivers

The following are the major players in the body fat reduction market:

• Amirlak Plastic Surgery
• JK plastic surgery center
• Apollo cosmetic clinics
• Elite Body Sculpture
• The Plastic Surgery Clinics
• Transform Cosmetic Surgery
• VIDA Wellness & Beauty
• Elite Body Sculpture
• Waldman Schantz Plastic Surgery Centerm
• VLCC Wellness & Beauty Center

Segment Analysis

The market is divided based on procedure type, and end user. On the basis of procedure type, the market is further segmented into surgical and non-surgical. The surgical segment is further divided into liposuction, abdominoplasty. The non surgical segment is divided into cryolipolysis, ultrasound, laser lipolysis.

On the basis of end user, the market is segmented into hospitals, aesthetic clinics, and others. In 2021, the hospital segment led the body fat reduction market. According to the American Society of Plastic Surgeons, around 18 million people in the United States underwent minimally invasive aesthetic procedures in 2018, with the number gradually increasing since then. Because medical facilities in many established and developing countries are robust, they are well equipped with cutting-edge technology and high-end technologies. A considerable number of trained aesthetic practitioners are linked with hospitals since they provide all of the necessary facilities to carry out such treatments. Furthermore, consumer choice comes into play, as people feel more secure having treatments from a well-known hospital because they have insurance coverage for such treatments. Several specialty hospitals have collaborations with reputable organisations.

Aesthetic clinics, on the other hand, are expected to expand rapidly during the forecast period. Aesthetic clinics are becoming more popular as a result of their higher service quality, personalised focus to clients, as well as lower treatment costs compared to other venues. Aesthetic clinics also provide comprehensive treatment for skin, hair, body, and facial disorders, as well as basic spa and beauty treatments like waxing and manicures, dentistry, and removal of skin tags, warts, freckles, birthmarks, among others. This is the key indirect source of market growth.

The body fat reduction market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to be the largest body fat reduction market region in 2021. North America dominated the body fat reduction market and accounted for the largest revenue share in 2021, owing to technological developments and an increase in the number of people choosing for procedures in the industry. The region has a high level of aesthetic awareness, and the number of people opting for cosmetic procedures has increased as well. According to estimates from the International Society of Aesthetic Plastic Surgery, the region has the largest pool of cosmetic professionals in the country, and it has one of the highest treatment volumes for body fat reduction treatments. During the forecast period, body fat reduction is expected to grow at the quickest rate in Asia Pacific. This is mainly attributable to the region's increasing urbanisation. Because this location has such a vast population, many individuals are interested in cosmetic enhancement. Furthermore, the region has a strong social media presence, which, along with low treatment prices and high-quality procedure service, is driving market growth. In 2019, approximately 11,184 surgical body fat reduction procedures were performed in India.

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About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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