According to a new market intelligence report by BIS Research, titled “India Electric Vehicle (EV) Ecosystem Market − Analysis and Forecast 2019-2030“, the India EV ecosystem market includes three major sectors, namely electric vehicle market, battery market, and charger market. The electric vehicle market, battery market, and charger market are expected to witness CAGRs of 53.64%, 58.86%, and 59.58%, respectively, during the forecast period.
Browse 108 Market Data Tables and 116 Figures spread through 305 Pages and in-depth TOC on “India Electric Vehicle Ecosystem Market.”
The electric vehicles market is currently witnessing a high growth rate, owing to the changing trends in the automotive industry. Furthermore, the growing environmental concerns, coupled with strong push from the government to replace 30% of the total vehicle population by electric vehicle, are anticipated to propel the electric vehicle market in coming 10 years.
In addition, strict government policies to reduce the carbon footprint across India is another major factor that is expected to create lucrative opportunities for the EV ecosystem market in India for the decade to follow.
BIS Research Report: https://bisresearch.com/industry-report/india-electric-vehicle-market.html
According to Ajeya Saxena, Lead Analyst at BIS Research, “The government target for 30% adoption of electric vehicles by 2030 is expected to be majorly driven by the electrification of two-wheeler, three-wheeler, and commercial vehicles in India. Lower rate of adoption of electric vehicles in the passenger vehicle segment is expected to have a limited impact in achieving these targets.”
The market report provides a detailed analysis of the recent trends influencing the EV market, along with a comprehensive study of the future trends, policies, and regulatory landscape. It also includes company overview, financial summary, and SWOT analysis. The overall market has been segmented into batteries, charger type, propulsion type, separator type, and region. The report also includes a comprehensive section on the regional analysis for North India, South India, East India, and West India.
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Some of the key players in the India electric vehicle ecosystem market are Amara Raja Batteries Ltd., Bharat Heavy Electricals Limited, Coslight India Telecom Pvt. Ltd., Eon Electric Limited, Exicom Power Solutions, Exide Industries Ltd., Greenfuel, HBL Power Systems Ltd., Napino Auto & Electronics Ltd., Okaya Power Pvt. Ltd., Tata Chemicals Ltd., Trontek Group, Ashok Leyland, Ather Energy, Emflux Motors, Olectra Greentech Limited, Hero Electric, Honda Motor Co., Ltd., Hyundai Motor India, JBM Auto Limited, Lohia Auto Industries, Mahindra Electric Mobility Limited, Maruti Suzuki India Limited, Tata Motors, Toyota Kirloskar Motor, Tunwal E-Bike India Pvt. Ltd., TVS Motor Company, ABB Ltd., Delta Electronics, Inc., EV Motors India Pvt. Ltd, Evteq Mobility Private Limited, Exicom Tele-Systems Limited, Indian Oil Corporation Ltd., and JBM Group.
Key Questions Answered in this Report
- What is the present market value of the India EV ecosystem market, and how much is it expected to grow during the forecast period from 2019 to 2030?
- What are the several factors that are projected to influence the growth of the market?
- What are the major sectors included in the India EV ecosystem, and how each sector is projected to perform during the forecast period?
- Which vehicle type offers the most attractive growth prospect during the forecast period to EV manufacturers across different regions in India?
- Which propulsion type across different vehicle types offers attractive growth opportunities during the forecast period for EV manufacturers across India and its regions?
- Which type of battery showcased the highest demand in 2018 and offers the fastest growth opportunity between 2019 and 2030 for different types of vehicles across various regions in India?
- Based on the number of units, what was the quantity sold by different types of chargers in 2018. How much is this number expected to grow during the forecast period?
- How is the separator demand expected to shape-up with the growing local battery production between 2020 and 2030?
- Which among battery production and battery assembly is a more lucrative opportunity for the India market based on the regulatory scenario?
- What is the regulatory support for the establishment of charging infrastructure in India?
SOURCE BIS Research
Plant Asset Management Market (PAM) Worth $9.4 Billion by 2024 – Exclusive Report by MarketsandMarkets™
According to the new market research report “Plant Asset Management Market (PAM) by Offering (Software and Services), Deployment Mode (Cloud-based and On Premises), Asset Type (Production Assets and Automation Assets), End-user Industry (Process and Discrete), and Geography – Global Forecast to 2024″, published by MarketsandMarkets™, the Plant Asset Management Market is projected to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%. Major factors fueling the market growth include surging adoption of lean manufacturing practices by several organizations, increasing focus on providing cloud-based PAM solutions to satisfy customer demands, escalating demand for asset management software that can identify potential failures to avoid futuristic loss, and growing need for real-time data analytics.
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“Services to lead plant asset management market by 2024”
The deployment of PAM software is a costly process and a one-time activity, whereas PAM services that include maintenance needs, software upgrades, and personnel training are demanded by end-user industries continuously. Hence, PAM services have a more significant contribution to generating more revenue than PAM software solutions. Further, market players are focusing on offering industry-specific services to meet the ever-changing demands of different industries.
“Production assets to hold largest share of PAM market during forecast period”
Rising adoption of PAM solutions for monitoring rotating and reciprocating equipment, among others, across various industries is expected to drive the growth of the PAM market during the forecast period. Moreover, incidents of unplanned shutdowns or slowdowns due to equipment failures lead to high financial loss in terms of damage to equipment, production losses, and unscheduled maintenance. However, real-time health and performance insights encourage informed actions and decisions to improve plant efficiency minimizing risks of equipment failure, thereby reducing the wastage of valuable finances. Hence, the demand for PAM solutions is high to manage these production assets.
Browse in-depth TOC on “Plant Asset Management Market“
109 – Tables
52 – Figures
178 – Pages
“Asia Pacific to be largest market for PAM during forecast period”
Asia Pacific presents a substantial market for PAM. The PAM market in APAC is growing rapidly due to several advancements and technological innovations in different manufacturing industries. The adoption of PAM solutions is high in APAC due to the growing manufacturing sector in the region. Most of the key manufacturers from different industries have shifted their manufacturing plants in APAC due to the low labor cost and availability of a skilled workforce. These manufacturing units are using asset management solutions for the improvement in the overall manufacturing processes, which is expected to drive the growth of the PAM market in the region.
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Major players in the PAM market are Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Siemens (Germany), and SKF Group (Sweden).
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Smart Factory Market by Technology (DCS, PLC, MES, ERP, SCADA, PAM, HMI, PLM), Component (Sensors, Industrial Robots, Machine Vision Systems, Industrial 3D Printing), Industry, and Geography – Global Forecast to 2024
Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analytical Instrument), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA), Industry, and Geography – Global Forecast to 2024
Happy Lunar New Year! Canada Post celebrates Year of the Rat
Canada Post has issued two stamps celebrating the Year of the Rat – representing the first year in the Lunar New Year cycle and the final issue in a second 12-year series honouring the annual festival.
The Year of the Rat begins on January 25, 2020, and ends on February 11, 2021. A symbol of fertility and intelligence, the rat is said to confer great cunning, tact and vitality on those born under its sign.
Designed by Albert Ng (O.Ont.) and Seung Jai Paek, of Albert Ng and Associates, the stamps portray the traditional story of the rat’s daughter’s wedding in the style of folk art known as Chinese farmer painting. The Permanent™ domestic-rate stamp depicts the bride on route to her nuptials, while the International-rate stamp reveals the happily married couple.
The Year of the Rat stamps will be available tomorrow, January 17, in Permanent domestic- and International-rate booklets, as well as a gummed pane of 25 domestic-rate stamps framed by four Chinese blessings. Philatelic collectibles include an unsealed, International-rate Official First Day Cover suitable for use as a “money envelope” for traditional gift-giving.
SOURCE Canada Post
Announcing the Anti-Human Trafficking Intelligence Initiative and Honoring Human Trafficking Awareness Month
Assisting the Fight
Across the United States, human trafficking exists everywhere, even in your local town square. The horrifying statistics drove Aaron Kahler to found the Anti-Human Trafficking Intelligence Initiative, a non-profit dedicated to partnering with financial institutions, corporations and law enforcement to combat human trafficking.
“ATII will deliver innovative solutions to disrupt human trafficking networks by assisting financial gatekeepers in identifying, reporting and terminating relationships with associated customers,” says Aaron Kahler, CEO of ATII.
For example, nestled into a pristine part of the Poconos, Stroudsburg is an idyllic borough in Pennsylvania, a vibrant town, a vacation haven. Last week in Stroudsburg, the US Attorney’s Office in Pennsylvania announced that Sirvonn Taylor, was sentenced to 20 years’ imprisonment for heading-up a conspiracy that forced women to engage in prostitution. In this bucolic town, “Females were ‘sexed-in’ to the gang, forced to engage in sex with members and recruited to engage in prostitution.” PR 1.6.2020
ATII will disrupt the way traffickers operate around major events nationwide starting at this year’s Super Bowl in Miami, FL with the release of a human trafficking awareness and victim outreach mobile application. The application allows victims to scan a QR code where necessary help can be accessed in her primary language.
Driving Corporate Social Responsibility
Relying on technology/data partnerships and corporate social responsibility leadership, ATII has been able to curate initiatives and provide resources to organizations including:
- High Risk Trafficking Data that can be leveraged through any transaction monitoring, sanctions or onboarding technology
- E-learning that can be utilized by institutions to comply with anti-money laundering regulatory requirements
Networking and Partnerships Extend the Battle Against Human Trafficking
Leveraging ATII’s programs, best practices, data, technology and reporting mechanisms in as many financial institutions as possible will directly result in Suspicious Activity Reports (SARs) being filed on human trafficking and ultimately save lives while bringing traffickers to justice.
SOURCE Anti-Human Trafficking Intelligence Initiative
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