Artificial Intelligence
Battery Materials Market to Hit USD 83.43 Billion by 2026; Growing Demand for Lithium-ion Batteries to Propel Market, states Fortune Business Insights™
Pune, Nov. 10, 2020 (GLOBE NEWSWIRE) — According to the report published by Fortune Business Insights™, the global battery materials market size is predicted to reach USD 83.43 billion by 2026, exhibiting a CAGR of 8.3% during the forecast period. The report titled “Battery Materials Market Size, Share & Industry Analysis, By Battery Type (Lithium-Ion, Lead Acid), By Material (Lithium-Ion {Cathode [LCO, NMC, NCA, LMO, LFP]), Anode [Artificial Graphite, Natural Graphite], Electrolyte, Separator), (Lead Acid {Cathode, Anode, Electrolyte, Separator}), By Application, and Regional Forecast, 2019-2026” explores the market size stood at USD 44.25 billion in 2018. The research report focuses and elaborates on the definition, types, applications, and major players in detail. Deep analysis of battery materials market status, competition pattern, enterprise, advantages and disadvantages of enterprise Products, industry development trends, regional industrial layout characteristics, and macroeconomic policies, industrial policy has also been studied and provided within the synopsis.
The growing demand for lithium-ion and lead-acid batteries will accelerate this market revenue during the forecast period. Lithium-ion batteries are extensively used for high energy density in automotive, industrial, and consumer electronics applications. In addition, the enhanced compatibility and reliability of Li-ion batteries have led to the demand for cathode battery materials, which, in turn, will boost the battery materials market trends in the forthcoming years.
Worldwide COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors, and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing unrivaled data in a well-organized manner. Get Sample PDF Brochure with Impact of COVID19:
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List of Top Companies Profiled in Battery Materials Market Report:
Market Driver:
Stellar Demand for Consumer Electronics to Aid Market Expansion The growing demand for computers, TVs, mobile phones, and other electronic devices has led to the high production of electronics, which in turn, will spur opportunities for the battery materials market during the forecast period. The increasing technological advancements and surge in the gaming industry will contribute positively to the market share for battery materials in the forthcoming years.
Moreover, the growing demand for smartphones, laptops, smart electronic wearables, digital cameras, and tablets will enable fuel demand for battery materials. In addition, the rising investments by major companies for the development of efficient and batteries will provide impetus to the market. Nonetheless, people’s reliance on smartphones and portable power banks will spur lucrative opportunities for the market in the forthcoming years.
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Regional Analysis: High Adoption of Electric Vehicle to Bolster Growth in North America
The market in North America in North America stood at USD 8.4 billion in 2018 and is predicted to grow significantly during the forecast period owing to the high adoption of electric vehicles in the region.
Furthermore, the growing demand for consumer electronics will boost the market in the region. Moreover, the growing investments in renewable and electric vehicle industries will spur sales opportunities for the market in North America. Asia Pacific is predicted to witness high growth during the forecast period owing to the rapid urbanization and industrialization. The increasing consumer spending on electronic goods will aid the market in the Asia Pacific.
Key Industry Development:
February 2020: BASF announced opening a new battery material manufacturing facility plant in Schwarzheide, Germany to enlarge the European electric vehicle value chain. The production hub will produce CAM (cathode active materials) with capacity allowing approximately 400,000 fully electric vehicles supply per year with BASF’s battery materials. Key Points Covered:
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Detailed Table of Content:
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https://www.fortunebusinessinsights.com/enquiry/customization/battery-material-market-101074 Have a Look at Related Research Insights:
Lead Acid Battery Recycling Market Size, Share and Global Trend By Type (Flooded Lead Acid Batteries, Sealed Lead Acid Batteries) By Method (Collection and Separation, Hydrometallurgical Process, Pyro-metallurgical Process, Neutralization of Acid), By Source (Automobile, UPS, Electronics & Electrical Equipment’s, Submarines) and Geography Forecast till 2026
Cathode Materials Market Size, Share and Global Trend By Battery Type (Lithium-ion, Lead Acid, Others), By Material (Lithium-Ion, Lead Acid, Others), and Geography Forecast till 2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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Artificial Intelligence
ACT³ to Embrace the GIGA and AI eras
SAO PAULO, Oct. 9, 2024 /PRNewswire/ — At 2024 LATAM Fiber Broadband Leaders Summit, Gary Lu, President of Huawei Carrier Network Marketing & Solution Sales Dept, delivered a speech titled “ACT3 to Embrace the GIGA and AI eras”. “ACT” is the revenue model of fixed broadband business. A means ARPU, C is about coverage of service, and T stands for take-up rate. Coverage multiplies Take-up rate is about user base, and ARPU is the key to increase the revenue.
Gary Lu analyzed the rapid development of carriers’ optical broadband networks and AI technologies in LATAM and across the world. He also proposed three development strategies — all-optical transition, gigabit transition, and scenario transition. “ACT” to the power of three, means the three transitions is the way to increase the user base and the revenue of FBB service, and it will also bring the quality of digital life to LATAM.
All-Optical Transition: Accelerating Cable-to-Fiber Transition to Secure Business Success of Broadband Services
Currently, the number of FTTH users in LATAM is experiencing a significant increase. Fiber broadband has replaced traditional cable broadband as the leading form of broadband. The fiber broadband service is one of fastest-growing business in LATAM and the CAGR of FTTH subscription is over 20% since 2021. Many local carriers have greatly improved O&M efficiency, and gained significant business returns by developing FTTH services. The fiber broadband market has great potential. Meanwhile, with large-scale production, the cost of FTTH equipment is being optimized. Therefore, now is a good time to invest in the construction of FTTH.
Gigabit Transition: Acceleration and Quality Improvement, Meeting Digital and AI Service Requirements
Gigabit optical broadband achieves higher network speeds, and plays a critical role in meeting digital and AI service requirements. For example, 4K/8K live streaming, VR service, and home office require sufficient bandwidth. Wi-Fi 6, Wi-Fi 7, and Huawei’s iFTTR F50 solution, can help carriers expand Wi-Fi coverage and explore business opportunities for gigabit smart home. So, the gigabit transition is also an opportunity for the future.
Industry predicts that in the next three years, the proportion of 500Mbps+ broadband users will reach 30%, while the proportion of gigabit broadband users will reach 10% in LATAM.
Scenario Transition: Providing Diversified and Scenario-Specific Services to Explore Personalized User Market
The application scenarios of optical broadband are no longer limited to traditional home entertainment. Amid the continuous growth of network speeds and Internet services, many diversified application scenarios like home office and live streaming emerge. In LATAM, the growth of the live streaming economy and rider economy intuitively showcases the business potential of optical broadband for carriers in new scenarios. Huawei is willing to explore innovative business models and provide services that better meet users’ personalized requirements with carriers.
In the AI era, its development relies on massive data, powerful computing, and high-speed networks, which happen to be the carriers’ strengths. Carriers can build home hub with media computing hosts to connect smart devices, and provide better services. Provide high-speed and stable network support for AI applications through technologies such as FTTR. Use powerful AI in the cloud with smart devices to offer personalized services. Within these, carriers can seize the opportunity of the AI era.
Huawei is developing ICT business in LATAM over 20 years, and willing to share business experience and the support technology. Huawei will be one of the best strategic partners for carriers to embrace more business opportunities in the GIGA and AI era for digital LATAM.
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Artificial Intelligence
AWAK Transforms into Vivance, Unveiling a New Brand Identity
SINGAPORE, Oct. 9, 2024 /PRNewswire/ — AWAK Technologies, a pioneer in innovative kidney care is excited to announce its rebranding to Vivance. The name, derived from ‘viva’ and ‘advance’, embodies vitality and progress – hallmarks of the company’s commitment to revolutionizing kidney health.
AWAK Technologies was founded with a groundbreaking idea: the development of a wearable dialysis device, Automated Wearable Artificial Kidney (AWAK). As the company continues its mission to transform kidney care, the portfolio has been expanded with products that aim to enhance patient outcomes and quality of life. To reflect this evolution and commitment to innovation, it has rebranded to Vivance – a name that captures its dynamic and forward-thinking approach in managing kidney health.
Suresha Venkataraya, CEO of Vivance, said, “This rebrand reflects how far we’ve come, and where we’re heading. Building on the foundation of our wearable dialysis device, we’ve made significant strides by expanding our portfolio to include cost-effective home modalities and complementary digital offerings. This rebrand reinforces our ultimate mission of treating patients in the comfort of their homes.”
Abel Ang, Chairman of Vivance, added, “We are excited to introduce Vivance to the world. Building on two breakthrough device designations from the FDA, our rebranding accelerates our mission to revolutionize healthcare. This exciting new chapter for the company will see us take patient-centric dialysis from a dream into reality.”
Looking Ahead
As Vivance, the company will continue to refine its brand strategy, product positioning, and approach to market entry, ensuring a strong and strategic alignment with industry needs. The wearable dialysis device is progressing through clinical trials, while additional innovations, such as point-of-care PD fluid generation system, remote monitoring tools and AI prediction models, are in advanced stages of research and development. These products are poised to enter their clinical phases in the near future, reinforcing Vivance’s mission to drive meaningful disruption in the kidney care sector.
Media Contact:
Priyanka AryaSenior Marketing Manager+65 6950 [email protected]
About Vivance
Vivance, formerly AWAK Technologies, is a pioneering, patient-centric medical technology company with a mission to enhance the lives of people with kidney disease and their caregivers by providing solutions to deliver better outcomes and improve their quality of life.
Headquartered in Singapore with offices in Los Angeles, United States and Bengaluru, India, the company is dedicated to the research, development and marketing of novel technologies in kidney care.
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Artificial Intelligence
Hyundai Motor Group and Singapore Strengthen Joint Research in Sustainable Energy and Manufacturing Solutions
Hyundai Motor Group and Nanyang Technological University, Singapore collaborate in the field of hydrogen energy and advanced energy systemThe partnership aims to advance towards carbon neutrality through joint research with world-renowned NTUHMGICS, NTU and A*STAR to establish a tripartite Corporate Lab Program for collaborative research in AI, robotics and 3D printingSINGAPORE and SEOUL, South Korea, Oct. 9, 2024 /PRNewswire/ — Hyundai Motor Group (the Group) has signed a collaborative research agreement with Nanyang Technological University, Singapore (NTU) in the field of new energy at the Singapore-Korea Business Forum, Ritz Carlton Singapore, on October 8. The partnership encompasses a three-year research collaboration, focusing on the hydrogen energy business and advanced energy system.
This collaboration between the Group and NTU, a globally renowned university, aims to develop alternative energy sources to achieve carbon neutrality, leveraging the Group’s advanced energy technologies that are suitable for Singapore’s unique characteristics.
“HMGICS is a global hub for Hyundai Motor Group’s future mobility innovation,” said Hyun Sung Park, Vice President and CEO of Hyundai Motor Group Innovation Center Singapore (HMGICS). “Through this partnership, we aim to accelerate our research in the field of innovative technologies, ultimately enhancing the commercial viability of our sustainable mobility solutions.”
One of the key areas of focus will be studying the adoption of hydrogen production technologies and businesses in Singapore. This includes the implementation of Hyundai Motor Group’s innovative resource-cycle hydrogen production technologies: Plastic-to-Hydrogen (P2H) and Waste-to-Hydrogen (W2H) systems. W2H utilizes organic waste such as food and sewage sludge to produce hydrogen, while P2H utilizes non-recyclable plastic.
In the field of advanced energy system research, the Group and NTU will develop a solution that is well-suited for urban countries like Singapore. The system offers the advantages of easy installation and high safety levels thanks to its modular design, playing a vital role in achieving carbon neutrality in Singapore.
HMGICS also held a joint signing ceremony for the establishment of a tripartite research center with NTU and the Agency for Science, Technology, and Research (A*STAR). The Corporate Lab Program is set to conduct research in innovative manufacturing domains such as AI, robotics and 3D printing.
“The research partnerships between NTU Singapore and Hyundai Motor Group reflect how close collaboration with industry is vital in developing innovative and relevant solutions to address real world issues, including the race to carbon neutrality,” said Professor Lam Khin Yong, Vice President (Industry) of NTU. “We will continue to build on our long-standing partnership with Hyundai Motor Group, leveraging NTU’s core strengths in areas such as sustainable energy, AI, robotics, 3D printing, and advanced materials, to develop innovative and sustainable solutions for Singapore and the global society.”
For more information, please visit: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom
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