Electric Bus Charging Infrastructure Market Analysis Latest Trends, Demand, Technological Advancement, Driving Factors and Forecast to 2032

 Electric Bus Charging Infrastructure Market Overview:

The global electric bus charging infrastructure market will continue to climb an average annual rate of 6% over the next four years. Here are some key findings from their latest report on this market

The electric bus charging infrastructure market has experienced significant growth in the past decade, and the trend of increased use of electric buses in public transportation systems isn’t showing any signs of slowing down.

The Global Electric Bus Market Is Expected To Grow

It's no secret that our world is in need of a sustainable solution. The electric bus market is one example of how we can make a difference. The global electric bus market is expected to grow by 6% from 2017-2025, reaching a total value of $5.5 billion by 2025.

Electric buses offer significant reductions in fuel costs and emissions levels, as well as improved public health due to less reliance on diesel fuels. Globally, the electric bus charging infrastructure market is forecasted to reach an annual volume of 934 million units by 2022 and reach 2 billion units annually by 2026 with North America representing more than 60% share of electric buses sold worldwide during this period.

Electric Bus Charging Infrastructure Market Key Players

·        Siemens AG (Germany)

·        SCHUNK Group (Germany)

·        ABB (Switzerland)

·        Bombardier Inc (Canada)

·        Kempower OY (US)

·        Daimler AG (Germany)

·        Proterra (US)

·        ChargePoint Inc (US)

·        EFACEC (Portugal)

·        Shijiazhuang Tonhe Electronics Technologies Co Ltd (China)

The US Is Investing In Electric Bus Infrastructure

In order to cut down on emissions, improve air quality, and save money, many U.S. cities are investing in electric bus infrastructure. In New York City, for example, they've committed $32 million to purchase 50 fully electric buses and five charging stations. The city has also allocated an additional $10 million to help create a network of electric vehicle charging stations that will serve both public and private vehicles in all five boroughs.

Europe Is Leading The Way In Electric Bus Adoption

With a push for clean, sustainable transportation and a focus on reducing emissions, it is little surprise that Europe has been leading the way in electric bus adoption. The European Union has set regulations mandating that companies reduce their emissions by 20% between 2020 and 2030. This will be difficult if not impossible without switching to electric vehicles. Since buses are one of the major sources of air pollution in most cities, they are an important target for reducing emissions.

China Is The Largest Market For Electric Buses

China is currently the largest market for electric buses, with over 300 million kilometers traveled by such vehicles in 2016. The country has ambitious plans to put 5,000 electric buses on its roads in 2017 and at least 10,000 more each year until 2020. To achieve this goal, China's Ministry of Transport announced in November 2016 a $2.6 billion purchase of 200 pure electric buses from BYD Co., Ltd.

The Electric Bus Charging Infrastructure Market Is Expected To Grow

In order to meet climate change goals, cities across the world are turning to electric buses. The rise in demand is being driven by an increasing number of cities with zero-emission vehicle mandates and by government incentives for electric bus buyers.

The global electric bus charging infrastructure market size was valued at USD 890.2 million in 2017 and is expected to grow at a CAGR of 16.6% over 2018-2024, reaching USD 2,694 million by 2024.

Electric Bus Charging Infrastructure Market Segmentation

By Charger Type

·        Dc Charger

·        Pantograph

By Charging Method

·        Fast Charging

·        Slow Charging

By Regions

·        North America

·        Europe

·        Asia Pacific

·        Rest Of The World

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Food Storage Container Market Analysis Key Vendors, Top geographical Regions, and Industry Segmentation 2032

 Global Food Storage Container Market Overview:

MRFR’s report on the food storage container market outlines drivers and opportunities for the forecast period (2023-2030). The sudden outbreak of the COVID-19 pandemic and its cascading effects on the industry are explored below.

Food storage container solutions are used by hospitality and travel & tourism sector to serve hunger needs of customers. Inclination towards processed foods as well as lack of time in cities can drive its demand significantly.

Food Storage Container Market Scope

The global food storage container market size balloon at 4.19% CAGR over the forecast period.

Packaged Foods to Drive Market Demand

The convenience offered by food storage containers in transportation of processed and ready-to-eat foods and food mixes can drive the market demand significantly. Huge demand for them can induce demand for suitable packaging solutions. The demand for packaged foods owing to its categorization in essential foods has led to a flood of requests on online channels. Strong supply chains of food brands and sustained demand for food containers can bode well for the market. Long shelf life of containers and prevention of spoilage of foods can lead to innovation of products among manufacturers.

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Raw Material Shortage to Hamper Market Growth

The huge costs of raw materials as well as fluctuations in prices of crude oil can hamper market growth significantly. Awareness of sustainability and environmental issues as well as low consumption of packaged and processed foods can affect market growth.

COVID-19 Impact

The COVID-19 outbreak had weakened the market owing to hurdles in supply chains and production of lights. Dependence on Chinese suppliers for components and lockdown restrictions can wear down manufacturers. The halt on new construction projects and lack of tax benefits on installation of LED lights can prove detrimental to the market. This will cause a dip in adoption rate in highways, roadways, and public places.

Segmentation Analysis

Flexible Packaging to Gain Market Demand

By type, the market is divided into flexible and rigid. Flexible packaging is expected to command a huge demand share over the forecast period owing to replacement of rigid packaging solutions.

Plastic Material to Dominate Market Share

By material, it is segmented into plastic, glass, metal, and paper & paperboard. The plastic material segment is expected to be leading over the forecast period owing to being easily molded into containers, jugs, and films. Its inexpensive and lightweight nature compared to glass and metal can drive segment growth.

Containers to Lead in Global Market

Containers can capture a large market share owing to its use in storage of fruits and vegetables, frozen foods, dairy items, and other processed foods.

Candy and Confections to Biggest Market Application

Candy and confections are likely to be the biggest market application of the food storage container industry due to growing demand for chocolate and availability of confectionery in various sizes.

Regional Analysis

APAC to Display Highest CAGR

Asia-Pacific (APAC) accounted for the largest market share in 2017 and was valued at USD 92,084.6 million. It is expected to witness steady growth owing to the high demand for fast moving consumer goods (FMCG) and food contact material regulations set by governments in various countries of China, Japan, India, Australia, Malaysia, and Singapore, are anticipated to increase the demand for food storage containers during the forecast period.

 

In 2017, China held the largest share in the global food storage containers market, owing to regulations mandated by the government for reducing food packaging waste. Moreover, in 2017, the ban on imports of recyclable plastics from other countries, which is anticipated to open lucrative opportunities for local food packaging manufacturers to meet the requirements for recycled plastics.

Competitive Analysis

Amcor and Bemis Company Inc., Ball Corporation, Tupperware Brands Corporation, Crown Holdings, Inc., ACCO Brands, Graphic Packaging International, Inc., Graham Packaging Company, Associated Packaging, Inc., Avery Dennison Corporation, Hamilton Housewares Pvt. Ltd, Anchor Glass Container Corporation, Berry Global Inc., LOCK&LOCK Co., Ltd, Newell Brands, and Constar International (Plastipak Holdings, Inc.) are prominent players of the global food storage container market. Launch of new products and development of biodegradable products are on the agenda of players.

Industry Update

The VS2100 Vacuum Sealer by FoodSaver for storing foods in 8- and 11-inch bags has been designed to keep food fresh.

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Automotive Active Health Monitoring System Market Analysis Latest Trends, Scope, Technological Advancement, Driving Factors and Forecast to 2032

 Automotive Active Health Monitoring System Market Scope by 2023-2032

The global automotive active health monitoring system market size is expected to rise at a CAGR of 26.9% over the forecast year 2023-2032. Increasing demand for safety features in vehicles amid rising cases of accidents is the major driver of the market. This is facilitated by efforts by governments and automakers to include health monitoring in their systems. The Effective Automotive Health Monitoring Program is one such instance which prevents possible road deaths. Rise in chronic illnesses and instances of diabetes, obesity, and emphasis on public health by automotive manufacturers can drive the market demand in the coming years.

Increased sales of luxury vehicles in North America and Europe can bolster the demand for automotive active health monitoring systems. This is supported by investments in Brazil, Argentina, and the Middle East & Africa. Initiatives in driver health monitoring such as detection of inattentiveness and drowsiness can drive its sales and lead to its implementation in more car brands.

But lack of awareness and exorbitant costs of vehicles with safety features can limit the market growth.

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Key Companies in the Automotive Active Health Monitoring System market include

• Faurecia (France)
• Tata Elxsi (India)
• Kritikal Solutions (India)
• PARKER HANNIFIN CORP (US.)
• Plessey (UK.)
• Qualcomm Technologies, Inc (US.)
• Acellent Technologies, Inc. (US.)
• FLEX LTD (India)
• NXP Semiconductors (Netherlands)
• Analog Devices, Inc. (US.)
• GENTEX CORPORATION (U.S.)

Health Monitoring System Segmentation

On the basis of component, the market has been segmented into sensors and infotainment systems. On the basis of application, the market has been segmented into blood pressure, pulse rate, blood sugar level, others. On the basis of vehicle type, the market has been segmented into passenger vehicle and commercial vehicle. Passenger vehicles accounted for a high market share due to rate of adoption and focus on ride safety. On the basis of sales channel, the market has been segmented into OEM and after-market.

Regional Analysis

Europe is estimated to hold the highest revenue market share throughout the forecast period owing to increased awareness regarding road safety, developed economies, and infrastructure availability for such systems. Moreover, high spending power of consumers enables them to invest in feature-rich vehicles, particularly luxury cars, which is a major driving factor in this region.

North America can capture a significant market share of the global automotive active health monitoring system market due to consumers in the U.S. and Canada facing major health issues. The latent potential of connected and autonomous cars can lead to its implementation by various automakers. On the other hand, Asia Pacific can capture a large market share owing to abundance of economically available workforce and large consumer base for technologically advanced cars. China and Japan are the biggest contributors of the regional market.

Automotive active health monitoring system is a novel system installed in certain variants of cars for monitoring the health of the drivers and its passengers. It uses the help of external devices for monitoring health metrics accurately and possesses the capability of calling healthcare authorities in case of an emergency. The global automotive active health monitoring system market report by Market Research Future (MRFR) contains insights and latest trends on autonomous vehicles and latest in-built technologies for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its effects on the industry are included in the report.

Automotive Active Health Monitoring System Market Segmentation:

Automotive Active Health Monitoring System Sales Channel Outlook

• Aftermarket
• OEM

Automotive Active Health Monitoring System Vehicle Type Outlook

• Passenger Car
• Commercial Vehicle

Automotive Active Health Monitoring System Application Outlook

• Pulse Rate
• Open Automotive Active Health Monitor System
• Blood Sugar Level
• Blood Pressure
• Others

Automotive Active Health Monitoring System Regional Outlook

• North America
• US
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Australia
• Rest of Asia-Pacific
• Rest of the World
• Middle East
• Africa
• Latin America

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