Increasing Consumption of Wine Among People and Changing Consumption Patterns Are Increasing the Growth of This Vinification Monitoring Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Vinification Monitoring Market size is projected to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Vinification is a procedure that requires the extraction of grapes juice into wine which are packed into wine bottles. There are two types of processes involved for monitoring – real time monitoring and control and quality monitoring. Malolactic fermentation is a kind of wine making process that helps to monitor the presence of bacteria. Viticulture is also known as wine growing that helps in harvesting of grapes. The acidity of wine plays an important role which is measured by titratable acidity. Growing consumption of wine among people and rising adoption of advanced technologies in order to support the large-scale wine production process is the major factor driving the growth of this market. Furthermore, the increasing number of wineries increases the production of wine is set to further enhance the overall market demand for Vinification Monitoring Market for the period 2021-2026.

Vinification Monitoring Segment Analysis – By Monitoring Type

The Vinification Monitoring Market based on Monitoring Type can be further segmented into Hardware and Software. The Hardware segment is the major segment generating revenue in 2020. This is mainly owing to increasing development in the internet of things helps in advancing wireless technology that increases the wine production as it provides real time data that increases the role of titratable acidity and are increasing the growth of this market. The Software segment is estimated to register the fastest CAGR of 1.05% for the period 2021-2026. This is mainly owing to it helps in increasing the winery unit and production capacity and are increasing the growth of this market.

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Vinification Monitoring Segment Analysis – By Application

The Vinification Monitoring Market based on Application can be further segmented into White Wine, Rose Wine, and Red Wine. The Red Wine segment registers for the highest Vinification Monitoring market share in 2020. This is mainly owing to its definite taste which increases popularity in alcoholic beverages. Moreover, it has more premium quality of wine that increases the consumption and demand of red wine and are rising the growth of this market. The Rose Wine segment is forecasted to register the fastest CAGR of 2% over 2021-2026. This is mainly owing to it provides various health benefits such as reduces risk of heart attack that are increasing the growth of this market.

Vinification Monitoring Segment Analysis – By Geography

Europe dominated the Vinification Monitoring Market with major share of 40% in 2020. This is owing to the growing adoption and intake of wine, rising advancement technology for the production of wine and rising availability of wine producers increases the growth in wine industry and are rising the growth of this region. According to World Health Organization, in 2020 more than 41.5% of population is consuming alcohol in France that increases the demand of viticulture and rising the growth of this market. However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to increasing consumer awareness towards wine consumption and rising advancement in technology.

Vinification Monitoring Market Drivers

Growing Consumption of Wine Among People

Increasing consumption of wine among people and changing consumption patterns are increasing the growth of this market. Moreover, rising adoption of western culture increases the intake of wine that helps to increase the growth of the Vinification Monitoring Market over 2021-2026.

Rising Adoption of Advanced Technologies

Increasing technological development helps in increasing the wine production that rises the demand of Malolactic fermentation and is increasing the growth of this Market. Moreover, rising use of automation helps in easy processing of wine that increases the growth of Vinification Monitoring Market over 2021-2026.

Covid-19 Impact:

COVID-19 pandemic had greatly impacted the demand of Vinification Monitoring Market. Owing to shut down in the manufacturing units, the production of wine is stopped that reduces the sales and reduces the growth in wine industry and are negatively impacted the growth of this market.

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Vinification Monitoring Market Challenges

High Cost of Wine Making Technologies

The factors that are set to impede the growth of the Vinification Monitoring Market encompass the high cost of wine making technologies and rising maintenance cost that create hurdles for the Vinification Monitoring Market.

Vinification Monitoring Landscape

Vinification Monitoring top 10 companies are Aqualabo, Winegrid, EuroCave, Avast Solutions, LG Electronics, MS Winery Software, Xudle Inc., ATPGroup, Della Toffola, and Northern Brewer.

Development
In November 2020, ATP Group developed a product which can break the cap in the vinification of red wine.

Key Takeaways

Geographically, in 2020, Europe dominated the Vinification Monitoring Market owing to growing adoption and intake of wine, rising advancement technology for the production of wine and rising availability of wine producers, thereby expanding the market growth.

Growing consumption of wine among people and rising adoption of advanced technologies are likely to aid in the market growth of the Vinification Monitoring.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Vinification Monitoring Market report.

High cost of wine making technologies is set to create hurdles for the Vinification Monitoring Market

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The Rapid Increase in the Number of Organizations Is Set To Drive the Market for Employee Engagement Software Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Employee Engagement Software Market forecast to grow at a CAGR of 10.9% from 2021 to 2026 to reach $6.1 billion in 2026. These solutions are majorly employed to increase employee job satisfaction and retain talented workers by soliciting internal communications to improve benefits. The growing digitalization and engagement/monitoring solution deployment is driving the rising penetration of these solutions, especially in SMEs which is set to be the key driving factor for the market.

Employee Engagement Software Market Segment Analysis- By Product Type

Cloud based solutions are analysed to grow at highest rate of 15.1% during the forecast period through 2026 owing to the rising adoption of cloud-based solutions across the enterprise applications especially in IT and Telecom as well as BFSI markets. With the growing demand for the cloud based solutions, the number of launches have risen which is set to boost the market growth rate. .

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Employee Engagement Software Market Segment Analysis- By End User Vertical

Based on the application, the market is segmented into BFSI, Government, IT &Telecom, Manufacturing, Hospitality, Transportation and Logistics, Retail, and Others. The IT& Telecom is analysed to grow at highest rate of 15.0% during the forecast period 2021-2026 majorly attributed to the Work From Home scenario caused due to COVID-19. The significant rise of Work from home requirements have led to organizations increasing focus on adoption of employee productivity improvement solutions that cater to unique personalities.

Employee Engagement Software Market Segment Analysis- By Geography

North America is the dominant region in 2020 with a market share of 34.1% owing to the demand for the advanced Employee Engagement solutions in the region especially in retail and hospitality sectors. This region is followed by Europe and APAC in terms of market share. APAC is analysed to grow at highest rate during the forecast period 2021-2026 majorly attributed to the growing adoption of the digitalization. With the COVID-19 impact, the Work From Home scenarios have significantly risen that direly need the Employee Engagement software thereby boosting the market in worst hit countries such as US, India, Brazil and so on.

Employee Engagement Software Market Drivers

COVID-19 impacting the adoption of Work From Home scenario:

COVID-19 has severely impacted almost every sector causing a dip in investment in the companies. However the wide scale implementation of Work From Home policies at a global level is analysed to be the major factor contributing to the adoption of remote Employee Engagement software market growth due to the dire need to monitor and track employee productivity and ensure internal communication soliciting policy compliance in enterprises. With the growing demand for Employee Engagement software, companies such as Epazz Inc., announced the addition of Employee real time Monitoring tools to their enterprise software solutions. The integration of comprehensive enterprise software solutions with Employee Engagement software will enhance the scope of applications for the Employee Engagement solutions thereby driving the market.

Enhancing workforce productivity

Employee Engagement software is majorly used in the workspace to enhance the productivity by monitoring employees and allowing better management of workforce. The integration of remote Employee Engagement solutions along with the identity and access management solutions is further contributing to the market growth rate. The integration of employee real time monitoring with employee productivity assessment and employee reward and compensation tools will create new markets for the solution thereby driving its adoption.

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Employee Engagement Software Market Challenges

Employee privacy

The concerns regarding the employee privacy are acting as the major restraining factors for the market. As the Employee Engagement software deals with the acquisition and monitoring of complete data of an employee the privacy of an employee is at stake. The regulations in place to improve employee privacy also limit their adoption. For instance, The Electronic Communications Privacy Act (ECPA) allows business owners to monitor all employee verbal and written communication as long as the company can present a legitimate business reason for doing so. It also allows for additional monitoring if the employee gives consent. These sort of limitations will hinder market growth.

Employee Engagement Software Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Employee Engagement Software market. Employee Engagement Software driver market is expected to be dominated by major companies such as Symantec, OsMonitor, InterGuard, Sentry PC, Teramind, StaffCop, EfficientLab LLC., among others.

Acquisitions/Technology Launches/Partnerships

In April 2021, Qandle – an HRMS startup, has launched a new AI HR chat-bot called ‘Qanbot’ that helps automate daily HR tasks of employees. The idea behind the solution is to automate and address the day-to-day general queries of employees on behalf of the HR department.

In January 2021, Grind Analytics, a business intelligence fintech, launched an employee productivity scorecard, MODM or Master Operations Decision Medium. The software uses artificial intelligence and company-provided benchmarks to evaluate worker performance

Key Takeaways

SMEs hold the highest share in the market owing to the high adoption in the retail and logistics sectors.

North America is dominating the market in 2020, owing to the high adoption of the advanced technologies in the companies.

The rapid increase in the number of organizations is set to drive the market for Employee Engagement Software market during the forecast period.

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Release ID: 89037160

Focus of Companies on Cost Reduction and Improving Efficiency driving the growth of Fintech Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Fintech Market forecast to reach $161.2 billion by 2026, growing at a CAGR of 8.7% from 2021 to 2026. Artificial Intelligence (AI) has taken the tech world by storm, allowing companies to automate their high-value and complicated processes. The reason to make a shift towards machine learning is also motivated by reduction in cost, increasing efficiency, reducing error and better customer experience through improved digital lending, automated insurance and personal finance solutions. The Fintech is majorly driven by credit card fraud detection. With the help of Generative Adversarial Network, Artifical Intelligence can spot the difference between real data and hacked data in each transaction and send alert to banks. The biggest challenge with fintech is the sensitive issue of data privacy and security, which most fintech companies are facing. The fintech sector is governed by strict compliance to regulations and governance since any data breach or security failure could be disastrous.

Fintech Market Segment Analysis – By Service

In FinTech sector transaction type segment discuss about the payments, financial institution and insurance. Insurance occupied the largest market share in 2020 at 16.5%. The use of FinTech technology across the financial services industry is growing. Emergence of services such as PayTech, RegTech, InsurTech, and digital banking highlight the ways in which digitalization has impacted the FinTech industry. These consumer demand in improved access and anytime anywhere services is achieving greater transparency and will lead the market in the period of 2021-2026.

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Fintech Market Segment Analysis – By Technology

AI is the fastest growing segment at 21.6% through 2026. AI can be used to find the relation between world events and their impact on prices by using predictive analysis. This information is very useful for any kind of wealth investment. AI in financial services are used to protect the details of their customer. AI is playing major role by quickly assessing the large algorithms to protect from fraudulent cases. AI is used to advise the accurate result. P2P organization analyze their potential customer’s behavior and detect all the risk in the cooperation with that particular customer.AI also helps in analyses consumer’s details who doesn’t have past credit history or his credit history is destroyed.

Fintech Market Segment Analysis – By Geography

APAC region holds the largest market share in the Fintech Market at 34% in 2020. However, Asia Pacific is also set to witness highest growth during the forecast period. North American Fintech Market is mainly driven by the large number of startups and emerged companies offering AI services to financial services. The key applications include Virtual Assistant, Business Analytics & Reporting, Customer Behavioral Analytics among others.

Fintech Market Drivers

Focus of Companies on Cost Reduction and Improving Efficiency

Fintech is allowing companies to cut down their cost, automate their process and reduce the chances of error. AI Chatbots are used by companies as customer assistants for various purposes such as sales, customer care executive (over phone), and online chat executive. AI is empowering small finance companies as it is affordable as well as chances of error occurrence is very low. In addition, the insightful details about the cash flow and income and expense is gaining the traction from the end user as this helps companies to reduce their expenses.

New Technological Advancements drives Adoption of Fintech

According to McAfee cybercrime currently costs the global economy around $600 billion, or 0.8% of global GDP. One of the biggest cybercrimes is credit card fraud. Thus companies are designing a new generation of algorithms that are Convolutional Neural Networks and are based on the visual cortex, which is a small segment of cells that are sensitive to specific regions of the visual field in the human body. This means that they are able to extract elementary visual features like oriented edges, end-points and corners. This technology can study the spending data of an individual and be able to determine, based on this information, whether they performed the most recent transaction on their credit card or if someone else was using their credit card data.

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Fintech Market Challenges

Concerns Regarding Data Privacy

The biggest challenge with technology adoption in fintech is the sensitive issue of data privacy and security, which most fintech companies are facing. The fintech sector is governed by strict compliance to regulations and governance since any data breach or security failure could be disastrous. Privacy concerns are cropping up as companies feed more and more consumer and vendor data into advanced technologies whether it is analytics, AI or blockchain to create new bits of sensitive information, unbeknownst to affected consumers and employees.

Fintech Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Fintech Market. Microsoft, Google, IBM, Intel, Affirm, Upstart, Sigmoidal, Zest Finance and Amazon are considered to be the key players of the Fintech Market.

Acquisitions/Technology Launches/Partnerships

In May 2021, Healthcare Fintech Cedar announced a $425 million acquisition of San Francisco-based OODA Health for a mix of cash and equity. The move was fueled by a $200 million Series D cash injection in March led by Tiger Global Management
In May 2021, Corporate finance software provider Bill.com LLC has signed a $2.5 billion deal to acquire DivvyPay Inc., better known as Divvy, whose cloud service enables companies to issue business credit cards to their employees.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Atmospheric Water Generator Market is anticipated to witness healthy growth during 2021 to 2027 driven by widely usage in residential, commercial, and industrial applications.

Delaware, United States – July 24, 2021 /MarketersMedia/ —

According to Global Market Insights Inc. report, global atmospheric water generator market revenue is estimated to exceed an annual valuation of US$ 11 billion by 2026. Drinkable Air, Inc, Ray Agua, Air2Water, Atmospheric Water Solutions, Inc., Island Sky Corporation, and Ambient Water Corporation are a few notable AWG manufacturers. These companies, along with a large number of startups, are consistently coming up with novel product innovations. In 2019, an Indian startup had launched a range of innovative atmospheric water generators in its attempt to produce fresh, potable water.

Drastic climate change, rising temperature levels, and inadequate rainfall have led to depleting freshwater resources in many regions. Over the past decade, substantial research and studies have been focused on the development of advanced water generation technologies. One such technology which is increasingly garnering momentum is atmospheric water generator (AWG).

Following are a few major trends reshaping the future of AWG industry –

• Growing utilization across the industrial sector
Atmospheric water generators are widely used in residential, commercial, and industrial applications. Their demand across the industrial sector is slated to grow at a CAGR of 30% through 2026. This can be attributed to prominent use of AWGs across oil and gas, steel, and paper industries.

These industries heavily rely on desalinated water which results in significant water loss and high manufacturing costs. Atmospheric water generators provide clean and safe water in a cost-effective manner. Future AWG trends are anticipated to be focused on technological innovation in terms of power supply and the integration of solar energy to make these solutions sustainable and ecofriendly.

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• Wet desiccation AWGs to gain momentum
Atmospheric water generators can be broadly classified into wet desiccation and cooling condensation AWGs. The demand for wet desiccation AWGs is projected to grow at a rate of more than 30% during 2020-2026. These AWGs basically make use of hygroscopic compounds, including silica gel, brine, and lithium halides, to soak humidity from the air and then separate water from humid air.

Manufacturers are experimenting with new hygroscopic compounds for soaking to substitute crystalline brine salts and enhance efficiency. One of the best advantages of wet desiccation AWGs over cooling condensation AWGs is that they consume less power.

• Favorable regulations across North America
North America atmospheric water generator market size is estimated to be worth more than US$ 510 million by 2026 end. The regional AWG consumption can be largely associated with growing number of households and commercial facilities across the U.S. in an attempt to prevent waterborne diseases. Several companies in the region are currently focusing on the development of brine solution technology and design modifications.

Moreover, regional governments and regulatory authorities have enforced favorable norms, such as the Safe Drinking Water Act (SDWA) by the U.S. Environmental Protection Agency (EPA), to protect public drinking water.

All in all, atmospheric water generator market is expected to witness notable demand during 2021-2026. This demand will likely be propelled by a pressing need to enhance crop yield, address water shortage issues in agriculture, and ensure proper irrigation. Ongoing technological developments and constant R&D to efforts by manufacturers will complement AWG industry outlook.

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Rise in the Customer Inclination Towards Microbrewery Processed Beers Driving the Growth of Brewery Equipment Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Brewery Equipment Market size is estimated to reach $24.9 billion by 2026, growing at a CAGR of 6.3% during the forecast period 2021-2026. A Brewery is a building or a company where beers are made commercially. Brewery equipment covers all aspects of the brewing process, such as malting, mashing, and lautering. The automatic brewery equipment is increasingly being adopted across the world owing to the growing demand for innovative taste and high-quality beers among the young population. The rise in the adoption of the lautering process for the separation of mash into the liquid wort and the residual grain, growing demand for microbrewery equipment in developed nations, increase in the adoption of compressors to offer proper air compression in craft brewery equipment, and growing investment by the key players to develop advanced brewery equipment are the factors that are set to drive the growth of the Brewery Equipment Market for the period 2021-2026.

Brewery Equipment Market Segment Analysis-By Equipment Type

The Brewery Equipment Market based on the Equipment Type can be further segmented into Macro brewery Equipment and Craft Brewery Equipment. The Macro brewery Equipment segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 7.1% over the period 2021-2026. This growth is owing to the factors such as the increase in the commercial availability of macro brewery equipment and the growing demand for fermentation and filtration equipment. The rise in the need for high-capacity macro brewery equipment for large-scale beer production in developing nations is driving the growth of the Brewery Equipment Market. The Craft Brewery Equipment segment held the second-largest share in 2020 owing to the factors such as the growing adoption of microbrewery equipment in developed nations and the rise in the demand for compressors to offer proper air compression in craft brewery equipment.

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Brewery Equipment Market Segment Analysis-By Mode of Operation

The Brewery Equipment Market based on the Mode of Operation can be further segmented into Manual, Automatic, and Semi-Automatic. The Automatic segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 6.9% over the period 2021-2026. This growth is owing to the factors such as the increase in the demand for process automation in the craft brewery process to reduce the complicated procedures and rise in the investment by the key players to develop advanced automatic macro brewery and microbrewery equipment. The rise in the adoption of automatic equipment to support the production of high-quality beers is driving the growth of the Brewery Equipment Market.

Brewery Equipment Market Segment Analysis-By Geography

North America held the largest share with 34% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for microbrewery equipment in developed nations and the rise in the adoption of the lautering process for the separation of mash into the liquid wort and the residual grain. The increasing demand for compressors to offer proper air compression in craft brewery is driving the growth of the Brewery Equipment Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for cost-effective semi-automatic equipment and growing investment by the key players to develop advanced microbrewery equipment.

Brewery Equipment Market Drivers

Rise in the Customer Inclination towards Microbrewery Processed Beers

Consumers across the world are shifting towards microbrewery processed beers owing to the growing health consciousness and the rise in the popularity of microbrewery beers. The rise in the need for low calorie and non-alcoholic beer production and the growing demand for unique taste and quality craft brewery beers among the young population have also propelled the demand for microbrewery beers, which is one of the major factors driving the growth of the Brewery Equipment Market.

Increase in the Innovations by the Key Players in the Brewery Equipment

The key players across the world are focusing on developing advanced brewery equipment owing to the growing demand for innovative types of beers among customers in developed nations. Manufacturers are also focusing on automatic brewery equipment, which is further propelling the growth of the Brewery Equipment Market.

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Brewery Equipment Market Competitive Landscape:
Key companies of this market are Alfa Laval, Krones AG, Criveller Group, Paul Mueller, Kaspar Schulz GmbH, Della Toffola, Hypro Group, Meura SA, Ningbo Lehui International Engineering Equipment Co., Ltd, and Shanghai Hengcheng Beverage Equipment Co., Ltd. among others.

Key Takeaways

Geographically, North America Brewery Equipment Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of the lautering process for the separation of mash into the liquid wort and the residual grain.

The increase in the demand for process automation in the craft brewery process to reduce the complicated procedures is driving the Automatic segment. However, the high maintenance cost of brewery equipment is one of the major factors that is said to reduce the growth of the Brewery Equipment Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Brewery Equipment Market report.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Release ID: 89038297

Increasing Demand for Extruded Snacks Products Is Increasing the Growth of the Snack Pellet Equipment Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Snack Pellet Equipment Market size is forecast to reach $1.7 billion by 2026, growing at a CAGR of 5.5% during the forecast period 2021-2026. Snack pellets are ready-to-eat food products. The majority of customers prefer them because they have a longer shelf life, are more stable, and have a higher bulk density. Snack pellets are manufactured from a variety of grains and cereals such as maize, wheat, rice, tapioca, potatoes, and other vegetables. It is semi-finished items that are offered to snack manufacturers. They cook it in various ways, such as frying, hot air baking, and so on by adding different ingredients. There are various equipment used for preparing snack pellet such as twin Screw Extruder, seasoning, frying, drying and many others. Increasing consumption of convenience food products coupled with growing demand for extruded snacks are the major factors driving the growth of the market. Changing lifestyle of the people coupled with increasing disposable income is set to further enhance the overall market development of the Snack Pellet Equipment Market for the period 2021-2026.

Snack Pellet Equipment Market Segment Analysis – By Equipment Type

Extrusion held the largest share in the Snack Pellet Equipment Market in 2020 and is estimated to grow at a CAGR 6.0% during the forecast period 2021-2026. Extrusion is an important equipment for making extrusion snacks. Extrusion is a machine in which food content is pushed into a set of dies to produce desirable shapes. The two main types of extrusion machinery are single-screw extruders and twin-screw extruders. Because of their increased efficiency and capacity to produce good-quality snack pellets at a low rate, these screws continue to be in high demand. The efficiency of the screw must be evaluated during the design stage of the extrusion operation. Extrusion are estimated to register the higher CAGR over the period 2021-2026.

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Snack Pellet Equipment Market Segment Analysis – By Product Type

Multigrain Based held the largest share in the Snack Pellet Equipment Market in 2020 and is estimated to grow at a CAGR 6.2% during the forecast period 2021-2026. Multigrain snack pellets are made from a variety of grain and cereals which are rich in protein. Previously, snack pellets were manufactured from a single grain type, reducing the nutritional value of the goods. Because of their high fiber content, multigrain snack pellets are currently in high demand from consumers. They are easy to cook and convenient to digest. Multigrain Based are estimated to register the higher CAGR over the period 2021-2026.

Snack Pellet Equipment Market Segment Analysis – By Geography

Asia-Pacific dominated the Snack Pellet Equipment Market with a major share of 37.8% in 2020. This is owing to rising awareness about health advantages of snack pellet in this region. Furthermore, growing urbanization, increasing production of potatoes in this region are contributing to the growth of the market in this region. According to, Food and Agriculture Organization stat, Asian content is third largest region in terms of production of potatoes. However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising demand for convenience food products and owing to busy lifestyle and rising disposable income of the people. Rising advancement in technology is also driving the growth of the market in this region.

Snack Pellet Equipment Market Drivers

Increasing Demand for Extruded Snacks

Increasing demand for extruded snacks products is increasing the growth of the Snack Pellet Equipment Market. Extruded snacks are high-fiber, high-protein, and low calorie snacks and some example consists of corn curls, onion rings and potato sticks. They are made on high shear extruders. Extruded snacks can be seasoned with a variety of tastes, oils, salt, sugar, and so on. Furthermore, as a result of people’s hectic lifestyles, there is an increasing need for convenience foods. Thus, increasing the growth of the Snack Pellet Equipment Market during the forecast period 2021-2026.

Growing Technological Advancement in Snacks Equipment

Increasing technological advancement in snacks equipment is increasing the growth of the Snack Pellet Equipment Market. The food sector demands high-quality, reliable equipment with enhanced functionality in order to generate effective results and meet the expectations of consumers. Snack pellet extrusion manufacturers are primarily concerned with creating a diverse range of snack pellets for their global consumers. Thus, increasing the growth of the Snack Pellet Equipment Market during the forecast period 2021-2026.

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Snack Pellet Equipment Market Challenges

High Cost of Snack Pellet Equipment

Some of the factors that are set to impede the growth of the Snack Pellet Equipment Market are high cost of natural derived Snack Pellet Equipment. High maintenance cost and lack of compensation is also set to hinder the growth of the market.

Snack Pellet Equipment Market Landscape

The Snack Pellet Equipment Market, top 10 companies are GEA group, Tsung Hsing Food Machinery Co., Ltd., AC Horn Manufacturing, Grace Food Processing & Packaging Machinery, Kiremko B.V., Jinan Dayi Extrusion Machinery Co., Ltd., JAS Enterprises, Mutchall Engineering Pvt. Ltd., N.P. & Company, Inc., and Radhe Equipments India.

Key Takeaways

Asia-Pacific dominated the Snack Pellet Equipment Market in 2020 owing to changing eating habits of the people coupled with rising consumption of convenience food products. The Snack Pellet Equipment Market scope for different regions will be provided in the final report.

Increasing technological development in equipment are likely to increase the market growth of the Snack Pellet Equipment Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Snack Pellet Equipment Market report.

High price of Equipment is poised to create the hurdles for the Snack Pellet Equipment Market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/snack-pellet-equipment-market-size-forecast-to-reach-17-billion-by-2026/89038301

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Release ID: 89038301

Driving Forces Behind Growth of UPS Battery Market in Data Centers Are Intense Environmental Restrictions, Rising Energy Costs and High Power Densities

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The global UPS Battery Market is estimated to surpass $1.1 billion mark by 2026 growing at an estimated CAGR of more than 9.5% during the forecast period 2021 to 2026. The UPS Battery Market is taking a leap towards further alliance on a global scale. Growing pervasiveness throughout the countries like U.S for more sensitive electronic products which are easily damaged by power outages, spikes and other power inconsistencies is one of the driving factors for the growth of UPS Battery Market in American countries. The proliferation of sensitive electronic devices such as devices used in home computers to offices, factories and the need of UPS to maintain the inconsistencies in the power supply, particularly in data centers and industrial sector is further analyzed to provide opportunities for the UPS Battery Market. The increased power requirements, demand for clean and reliable power and added investments in the information technology to develop microelectronic products for various applications will create the need for improved UPS batteries, primarily lead-acid batteries and lithium ion batteries. As of 2019, there were around 9.6 million smart homes in U.S and is the number is on huge rise in the present years.

UPS Battery Market Segment Analysis – By Topology

Online UPS segment dominates the UPS Battery Market, however frozen segment is set to grow at the fastest rate of 11.3% through 2026. The online UPS is the most advanced and most costly UPS. The inverter is continuously providing clean power from the battery to the computer equipment as it never receives power directly from the AC outlet. Online or double-conversion UPS is designed to deliver continuous protection against power problems. A standby UPS, also known as off-line or line-preferred UPS and are generally small in size, efficient, and easy to use and typically provide basic features of a UPS providing surge protection and battery backup.

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UPS Battery Market Segment Analysis – By Application

In the past few years, UPS Battery Market grew at rapid rate resulting from huge investments by colocation and cloud service providers driving the Data Center market at 12.4% CAGR through 2026. Factors such as digitization and Internet of Things have resulted in huge spending by the service providers on UPS systems to expand footprints by meeting the growing demand for computations. This has complemented huge growth rates in larger three phase power ratings UPS that are often used by colocation and cloud service providers. Digitization continues with the number of internet users and internet connected devices surging across the globe and resulting in a corresponding growth in suitable power back-up systems including UPS. According to a study, 69% of the Americans use some kind of cloud service for efficiently carrying out their business activities which been gaining immense popularity in recent years. Majority of the colocation providers are found in North America, around 43% of the world’s operational space for colocation is on this continent.

UPS Battery Market Segment Analysis – By Geography

Though the demands for the uninterrupted power source is incessantly coming from all over the world, the Asia-Pacific region is currently generating the most substantial chunk, with a global demand share growing to 35.5% in 2020. The entry barrier in the UPS industry is very low and any power electronics company can enter this market. This resulted in the stiff competition for UPS providers. In addition, a significant increase in imports from China is one of the major challenges faced by the domestic players in countries such as India and other South East Asian countries.

UPS Battery Market Drivers

Growing penetration of industrial M2M communications

The ongoing wave of fourth industrial revolution, Industry 4.0, enables machine-to-machine, machine-to-infrastructure, and machine-to-human communication. With the rise in deployment of technologically advanced machines in various industries, the demand for power backup is increasing at a rapid space for uninterrupted communication between machines. The data exchanged in this communication is crucial for business operation, thus, UPS are being increasingly installed to serve as a backup power to the data storage and transmission system in the machines and infrastructure.

Demand for fully automated grid and smart meters will further bolster the UPS Battery Market

For socio-economic development, energy is the foundation block. A significant gap has been identified between installed energy generation capacity, demand for energy and the population growth rate across various parts of globe. To cope with the pressure of growing population, many countries across world has adopted smart metering programs and full automated grids. Smart meters generates petabytes of data over current drawn, readings, power factor, damage, pilferage and other parameters. Smart meters is also integrated with the ICT architecture to send signal or readings directly to the grid.

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UPS Battery Market Challenges

Lack of Awareness of UPS Capabilities

The UPS Battery Market is highly competitive and mature. To address this challenge, manufacturers constantly need to upgrade their products to more technologically advanced products which further meets the continuously changing demand of the end user. The major concern is to launch the new technology in the market to showcase its merits and benefits. So from the manufacturer’s perspective, the prime challenge will be to educate the market and the end user about the product. Because of the poor consumer knowledge and incorrect selection criteria, the UPS Battery Market has seen slower growth.

UPS Battery Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the UPS Battery Market. Eaton, Schneider, Exide, GS Yuasa, Samsung, Vertix, Fiamm Energy and East Penn Manufacturing are considered to be the key players of the UPS Battery Market

Acquisitions/Technology Launches/Partnerships

In January 2021, France-headquartered Legrand group’s UPS brand in India, Numeric, announced the launch of its 3 Phase UPS Battery, Keor MOD. The company said the product is designed to meet the needs of the IT, ITeS, data centres, infrastructure and healthcare industry.

In June, 2019 Fuji Electric Co., Ltd launched the 7400WX-T3U, a high-capacity uninterruptible power supply system to strengthen its overseas power supply business.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/ups-battery-market-estimated-to-surpass-11-billion-mark-by-2026/89038303

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Release ID: 89038303

PET blow moulder machines are finding its usage in personal care segments and aerosol packaging industry driving the market growth.

Dubai, United Arab Emirates – July 24, 2021 /MarketersMedia/ —

The global PET blow moulder market sales are forecast to grow at 5.4 % CAGR for the forecast period of 2021-2031. In recent years PET blow moulding machines are seen as cost effective machine with high production capabilities, making them extremely popular among PET bottle manufacturers.

With advancement in PET blow moulding machines, the transportation and recycling cost of glass bottles reduced drastically further promoting the adoption of machines leading to market growth.  Demand for spill proof and safe packaging solutions especially in pharmaceutical industry is one of the growth drivers, evaluated by ESOMAR-certified consulting firm Future Market Insights.

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According to the report published by PepsiCo India, the rising popularity of bottled water will increase per capita bottle to 84/bottles per person. Rising population and growing income of middle class have a positive impact on market growth. The usage of PET bottles in diary and pharmaceutical industries will provide a lucrative opportunity for market expansion.

 “Contracting environmental resources are pushing the companies toward creating innovative products offering high efficiency and minimum wastage. They are also investing in automation technologies and sustainable packaging solutions to cater the surging demands,” remarks the FMI analyst.   

Key Takeaways

Exponential demand of bottled beverages and presence of global PET blow moulder manufacturers in the U.S. will amplify the market demand
PET blow moulder market in China is forecast to expand at 7.4 % CAGR during 2021-2031. The growth can be attributed to heightened trading activities and growing production plants
Augmented sales of PET bottles in Germany and Italy has created conducive environment for market expansion in Europe
Proclivity of Beverage manufacturers & dairy products manufacturing industries in India towards spill proof PET bottles will provide lucrative opportunity for market expansion.
Rapid urbanization and growing disposable income in emerging economies will propel the market growth.

Prominent Drivers

Surging necessity of convenient packaging solutions among plastic bottle manufacturers is a primary market growth driver.
Growing consumption of beverages and products with exceptional packaging is expected to boost the market demand.
Inclination of younger population towards bottled food products is driving the plastic bottle market as well as PET blow moulder machines market.

Key Restraints

High installation and early tooling cost of PET blow moulder machines causing stagnant the market growth.
Rapid development in low waste producing substitute machines and manufacturing operation restricts the market growth.
strict policies regarding ban of plastic bags hampers the market growth.

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Competitive Landscape

Leading players profiled by FMI operating in PET blow moulder market include Pet All Manufacturing Inc., R&B Plastics Machinery, LLC, Nissei asb company, Jomar Corporation, Tech-Long Inc., KHS GmbH, FlexBlow, KENPLAS Industry Ltd., SIPA North America, Inc., Sidel, Custom-Pak Inc., Sacmi Imola, Krones AG, Meccanoplastica Group among others.

According to the study by FMI, development of energy efficient and integrated machinery products for PET blow moulding is key area of focus among market players owing to rising demand of low cost machines from small scale manufacturers. Global market leaders are emphasizing on developing minimum waste generating machines in order to increase output for large PET bottle manufacturers.

More Insights on FMI’s PET blow moulder Market

The latest market study on global PET blow moulder market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of machine (Automatic PET blow moulder market, Semi Automatic PET blow moulder market, Manual PET blow moulder market), Technology (Extrusion, injection, stretch), end-use (food industry, pharmaceuticals, personal care), and across major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East & Africa).

Explore FMI’s Extensive Coverage on Packaging Domain
North America PET blow moulder market: The global North America PET blow moulder market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.
PET stretch blow moulding machine market: Future Market Insights gives a detailed segmentation on the global PET stretch blow moulding machine market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
Pulp moulding machine market: The pulp moulding machine market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.

Contact Info:
Name: Abhishek Budholiya
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Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/pet-blow-moulder-market

Source URL: https://marketersmedia.com/automatic-pet-blow-moulder-machine-gaining-popularity-among-pet-bottle-manufacturers-as-eco-friendly-packaging-alternative-fmi/89038307

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Release ID: 89038307

The Growing Demand for Flavor Ingredients in Beverage Industry Driving the Growth of Beverage Flavoring Systems Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Beverage Flavoring Systems Market size is estimated at $4.3 billion in 2020, projected to grow at a CAGR of 6.1% during the forecast period 2021-2026. Beverage flavouring systems are complex mixtures derived from natural flavor or artificial processes that are used to change the flavor of a beverage. Beverage flavoring, such as sugar, HFCS, and fruit juices, is commonly used in carbonated water as a flavor enhancers and sweetener. The market’s growth is being fuelled by rising public awareness of health issues and technological advancements. Furthermore, technological advancements combined with increased R&D activities are expected to boost the demand for beverage flavoring systems industry. Beverage flavoring is the process of enhancing the taste and aroma of a drink by incorporating liquid extracts, essences, and flavors. Beverage flavouring systems are used to create special and delicious beverage flavours. It’s used in sparkling waters, energy drinks, blended teas, coffees, beers, and wines, among other beverages driving the Beverage Flavoring Systems Industry.

Beverage Flavouring Systems Market Segment Analysis – By Ingredient Type:

Based on Ingredient Type, Flavoring Segment accounted for the largest revenue market share in 2020. Flavors are an important aspect of the beverage industry because any beverage, alcoholic or non-alcoholic, has a distinct flavor. The flavor is extremely important in drinks as it includes not only taste but also scent and physical characteristics of the mouth, such as cold or heat. Furthermore, during the forecast period, the rising income level of the target customers would have a positive effect on beer demand thereby, driving the Beverage Flavoring Systems Industry. Carrier’s segment is anticipated to grow with the fastest CAGR of 6.4% in the forecast period 2021-2026. Flavoring agents can be diluted with carriers or encapsulated and attached to carriers, resulting in segment growth.

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Beverage Flavoring Systems Market Segment Analysis – By Beverage Type:

Based on Beverage Type, Non-Alcoholic Beverages accounted for the largest revenue market share in 2020. The growing consumption of carbonated soft drinks, carbonated drinks and functional drinks is driving the segment’s growth. Flavor enhancers manufacturers are encouraged to introduce new flavor items in response to consumer demand for exclusive flavors driving the Beverage Flavoring Systems Industry. Alcoholic Beverage is projected to witness the fastest CAGR of 7.2% during the forecast period 2021-2026.

Beverage Flavoring Systems Market Segment Analysis – By Geography:

Based on Geography, Asia-Pacific Beverage Flavoring Systems Market accounted for the 35% revenue share in 2020. Owing to the demand for extended, healthy, refrigerated shelf life as well as favourable preserving food legislation, Beverage Flavoring Systems is gaining market share in Asia-Pacific at a faster pace. Furthermore, the demand for encapsulated flavors, backed by manufacturers focusing on expanding production capacity, would propel the region’s market forward. The majority of customers prefer non-alcoholic drinks with a wide range of flavor enhancers, as well as a growing preference for diversified cocktails. The beverage industry would benefit from rising customer demand for nutritious beverages like carbonated drinks and evolving labelling regulations. North America is predicted to be the fastest growing region during the forecast period 2021- 2026 as the manufacturers in this region are focusing on developing the benchmark product in the range of Beverage Flavoring Systems for increasing shelf life & productivity which propel the Beverage Flavoring Systems market.

Beverage Flavoring Systems Market – Drivers

The Growing Demand for Flavor Ingredients In beverage Industry:

The market for Beverage flavoring ingredients is being driven by a growing demand in the beverage industry for different types of flavors to enhance the taste of beverages such as smoothies, carbonated drinks, milkshakes and juices. Aside from that, the growing consumption of non-alcoholic drinks in the United States is a key factor driving market expansion. Water, for example, accounted for 51.2 percent of overall non-alcoholic beverage intake by adults on a daily basis in 2015-2018, according to the Centers for Disease Control and Prevention, led by coffee (14.9%), sweetened beverage (10.2%), tea (8.7%), fruit drinks (5.6%), milk (5.5%), and diet beverages (3.8%). Investments in developed countries to improve the beverage sector with high nutritional content are increasing dramatically.

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Beverage Flavoring Systems Market – Landscape:
Sensient Technologies Corporation, Döhler, Archer Daniels Midland Company and International Flavors & Fragrances Inc., Tate & Lyle, Cargill Incorporated, Givaudan, Flavorchem Corporation, Kerry Inc., Firmenich SA, MANE, Takasago International Corporation are among the top ten companies in the beverage flavoring systems market.

Key Takeaways

Beverage Flavouring Systems market growth is being driven by the need for tastier, additive-free drinks with a longer shelf life, natural color and texture, driving up sales of premium and cold pressed juices.

Geographically, Asia-Pacific Beverage Flavouring Systems Market held the largest revenue share of 35% in 2020 owing to the growing customer preference for low-calorie products, high consumption of carbonated water and rising concerns pertaining to health safety in the region. The scope of the Beverage Flavouring Systems Market for various regions will be provided in the final report.

The Beverage Flavouring Systems Industry is expanding as the consumers are turning to healthy beverages and functional drinks as health awareness grows and the incidence of health problems such as diabetes, obesity, and high blood pressure rises.

The rising alcoholic beverage consumption, craft beer popularity, and social acceptance in both developed and developing countries is pushing the Beverage Flavouring Systems industry forward during the forecast period 2021-2026.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
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Source URL: https://marketersmedia.com/beverage-flavoring-systems-market-size-to-grow-at-a-cagr-of-61-during-the-forecast-period-2021-2026/89038305

Source: MarketersMedia

Release ID: 89038305

Rising Amount of Research Into Lithium Ion Battery Recycling Driving the Growth of Lithium Ion Battery Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The global Lithium Ion Battery Market is estimated to surpass $98.5 billion mark by 2026 growing at an estimated CAGR of more than 10.1% during the forecast period 2021 to 2026. Lithium – ion batteries are the secondary (Rechargeable) batteries commonly used in consumer electronics such as cell phones, laptops, tablets and other portable devices. Lithium – Polymer battery is also categorized under lithium – ion batteries. The lithium-ion battery market is owing to the growing emphasis on electric vehicles throughout the world. The automotive sector uses the lithium-ion battery at multiple stages of the production line of the vehicle. Rising investments in the development of electric vehicles are some of the key opportunities for the lithium-ion battery recycling market. Most companies have started recycling lithium-ion batteries as there is low accessibility for some of the raw materials such as lithium and cobalt. The rising dependence on NMC, Lithium cobalt oxide and Lithium iron phosphate batteries are in particular witnessing increased adoption in electric vehicles and consumer electronics.

Lithium Ion Battery Market Segment Analysis – By Product

The advancement in technology and the rising need of electric vehicles has raised the demand for lithium-ion battery. Lithium-ion battery play an important role in charging the various types of electric vehicles. Moreover, the rising electric vehicle production and sales, in order to reduce carbon emissions and toxicity level has led to the growing demand for automotive Lithium Ion Battery Recycling during the forecast period.

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Lithium Ion Battery Market Segment Analysis – By End Use Industry

Automotive is the fastest growing market with a CAGR of 13.9% through the forecast period. Majority of electric cars are powered by wet lithium-ion batteries, which use liquid electrolytes to transfer energy around. Electric car makers anticipate for high energy density batteries to improve range of their vehicles along with increased lifespan.

Lithium Ion Battery Market Segment Analysis – By Geography

APAC region holds the largest market share of 37.2% in 2020. The APAC region driven by China is projected to drive market growth. China surpassed the US in 2015 to become the world leader in electric cars production, continuing to build a potential domestic market for battery makers like CATL through 2019.

Lithium Ion Battery Market Drivers

Rising Amount of Research into Lithium Ion Battery Recycling

Driven by the enormous quantity of spent Li-ion batteries expected soon from aging electric vehicles and ubiquitous portable electronics, start-up companies are commercializing new battery-recycling technology. In addition, some battery, manufacturing, and recycling experts have begun forming large, multifaceted collaborations to tackle the impending problem. This rising amount of research will generate improved methods of recycling thereby driving the market.

Rising Adoption of Li-NMC Batteries

Li-NMC batteries are preferred due to their low self-heating rate. Electric vehicles require high capacity and high power, which can only be provided by the NMC battery type. These batteries have a very low self-heating rate and are used in electric vehicles such as Nissan Leaf, Chevy Volt and BMW. Like other lithium-ion battery varieties, NMC batteries can have either a high specific energy density or a high specific power. Other application areas of Li-NMC batteries are e-bikes, power tools, medical equipment and other electric powertrains. Thus the recycling of Li-NMC batteries will grow significantly during the forecast period.

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Lithium Ion Battery Market Challenges

Lack of Awareness of Recycling

If current trends for handling these spent batteries hold, most of those batteries may end up in landfills even though Li-ion batteries can be recycled. These popular power packs contain valuable metals and other materials that can be recovered, processed, and reused. But very little recycling goes on today. In Australia, for example, only 2–3% of Li-ion batteries are collected and sent offshore for recycling.

Lithium Ion Battery Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Lithium Ion Battery Market. Umicore, Glencore International AG, International Metals Reclamation Company, LLC /INMETCO, Retriev Technologies, Raw Materials Company, Li-Cycle, Northvolt, and Ganfeng Lithium are considered to be the key players of the Lithium Ion Battery Market

Acquisitions/Technology Launches/Partnerships

In January 2021, Heavy-Duty Lithium-Ion Battery Recycling Pilot Launched By New Flyer & Li-Cycle

In December 2020 Altair International and St. Georges’ Eco Mining entered into a Binding agreement that would allow Altair access to St-Georges’ patent-pending Lithium processing technology for Altair’s Nevada based Stonewall project and most importantly bring together the two companies to jointly develop a patentable industrial scale process for Electric Vehicle Lithium-ion battery (LIB) recycling.

Key Takeaways

For many years now, lithium batteries have been a trusted power source in various industries. LFP batteries are used in applications such as smartphones, watches, computers and tablets. Lithium is used in lightweight marine batteries, solar batteries and electric vehicle batteries thus driving their potential recycling.

High Energy Density and Improved Safety offered by Lithium Cobalt Oxide batteries has driven their adoption. However their Short Lifespan, limited charging and discharging capacity limits their adoption.

Of the 180,000 metric tons of Li-ion batteries available for recycling worldwide in 2019, just a little over half were recycled. As lithium-ion battery production soars, so does interest in recycling. This drives the need for recycling as a co-industry for manufacturing.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Contact Info:
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Organization: IndustryARC
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Source URL: https://marketersmedia.com/lithium-ion-battery-market-estimated-to-surpass-985-billion-mark-by-2026/89036745

Source: MarketersMedia

Release ID: 89036745