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Automotive Energy Recovery System Market to Reach $45.51 Billion, Globally, by 2030 at 7.4% CAGR: Allied Market Research

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Allied Market Research recently published a report, titled, Automotive Energy Recovery System Market by Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles), by By Product Type (Regenerative Braking System, Turbocharger, Exhaust Gas Recirculation): Global Opportunity Analysis and Industry Forecast, 2020-2030″. As per the report, the global automotive energy recovery system industry was accounted for $22.44 billion in 2020, and is expected to reach $45.51 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.

Drivers, restraints, and opportunities

Stringent vehicle emission rules and regulations, surge in the number of electric vehicles & EVSE infrastructure, and trend of engine downsizing have boosted the growth of the global automotive energy recovery system market. However, high repair & maintenance costs and surge in overall weight of vehicles hinder the market growth. On the contrary, rising government rules & regulations and advancements in technology would open new opportunities in the future.

Download Report (224 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/897

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Covid-19 scenario:

  • The Covid-19 pandemic created uncertainty across the automotive sector due to closure of assembly plants and large-scale manufacturing interruptions, which led to decline in demand for automobiles.
  • Government across several regions announced lockdown and border closures that restricted movement of transportation & logistics services.
  • However, the service activities registered steady and favorable recovery post-pandemic due to relaxation on restriction by the governments.

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The commercial vehicles segment held the largest share

By vehicle type, the commercial vehicles segment held the largest share in 2020, accounting for nearly three-fourths of the global automotive energy recovery system market, due to rise in demand for using kinetic energy top power in heavy commercial vehicles. However, the electric vehicles segment is expected to register the highest CAGR of 11.6% during the forecast period, due to increased demand for electric vehicles across the globe.

The regenerative braking system segment dominated the market

By product type, the regenerative braking system segment held the lion’s share in 2020, contributing to nearly half of the global automotive energy recovery system market. In addition, the segment is estimated to manifest the highest CAGR of 8.7% from 2021 to 2030, due to rise in production & sales of electric vehicles which includes regenerative braking systems to convert the kinetic energy to other forms of energy. The report includes analysis of other segments such as turbocharger and exhaust gas recirculation.

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Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/897

Asia-Pacific, followed by Europe and North America, held the largest share

By region, the global automotive energy recovery system market across Asia-Pacific dominated in 2020, holding more than two-fifths of the market. In addition, the region is projected to portray the highest CAGR of 8.2% during the forecast period, owing to increased sales of electric and advanced vehicles across Asian countries. The report includes analysis of the market across North AmericaEurope, and LAMEA.

Major market players

  • BorgWarner Inc.
  • Cummins Inc.
  • Continental AG
  • Honeywell International Inc.
  • Faurecia
  • IHI Corporation
  • Hyundai Motor Group
  • Robert Bosch GmbH
  • Mitsubishi Heavy Industries, Ltd.
  • Tenneco Inc.

Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/3d1a968f339d4e6c199663a05100cc6e

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Huawei Launches New Products and Solutions for Commercial Market and Works with Partners to Accelerate Digital Intelligence for SMEs

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DUBAI, UAE, Oct. 18, 2024 /PRNewswire/ — During the 44th GITEX GLOBAL, one of the world’s largest technology exhibitions, Huawei Commercial Market Summit was held with the theme of “Joining Hands with Partners to Amplify Intelligence for SMEs.” At the event, Huawei launched 17 new products and 6 new solutions designed for the global SME market. The company also shared achievements of its continued strategic investment in the commercial market, emphasizing that it will keep adhering to a partner-centric approach. Huawei is committed to working together with partners to serve hundreds of thousands of customers in the commercial market.

In his opening speech, Ernest Zhang, President of the Partner Development and Commercial & Distribution Business Dept in Huawei Enterprise Sales Dept, said: “Over the past year, Huawei has achieved rapid growth in the commercial market in terms of the number of partners and customers, and overall revenue. Huawei will firmly adhere to its partner-led commercial market strategy, join hands with partners to gain in-depth insights into customer requirements across industries and sub-scenarios, develop more competitive products and scenario-based solutions accordingly, build a mutually beneficial partnership system, and empower partners’ digital and intelligent capabilities, so as to achieve success together with our partners in the digital, intelligent future of the commercial market.”
Peter Zhang, Director of the Commercial Business Dept in Huawei Enterprise Sales Dept, said: “Leveraging Huawei’s deep technical expertise in the ICT field and decades of experience in digital transformation, we have launched over 300 innovative products and scenario-based solutions for the commercial market. Through the HUAWEI eFly platform, we have digitally supported our partners in expanding their business with enterprise customers. It is Huawei’s partner policy in the commercial market to build a partner-centric and trustable ecosystem, so that partners can gain more benefits, incentives, and profits.”
For education, healthcare, manufacturing, SMEs, and other key industries, 17 new products and 6 new solutions were released this time. For example, for the education sector, the brand new IdeaHub K3 redefines classroom interaction experiences; for the manufacturing sector, the freshly upgraded high-quality factory network solution becomes a strong backbone for flexible production; for SMEs, the simplified all-flash data center solution offers top-notch full-stack IT infrastructure; and for managed service providers (MSPs) in the commercial market, diverse solutions featuring easy selling, delivery, O&M, and growth are provided.
At the summit, Yusuf Ahmed, CEO of KEMS Zajil Telecom, the largest Internet service provider in Kuwait, shared how enterprises in Kuwait are actively embracing the anything-as-a-service (XaaS) global transformation and how KEMS Zajil Telecom has leveraged Huawei’s leading technologies to provide customers with flexible, diverse, and innovative cloud-based solutions. Richard Pearson, CPDO of SIBCA in the UAE, introduced that there is a growing recognition of green and intelligent concepts as well as technological infrastructure development across industries. SIBCA hopes that their cooperation with Huawei can be expanded from the current network, storage and other product fields to data centers, cloud, and AI, to jointly drive greener and smarter building construction in the near future.
With over three decades of deep cultivation in the ICT field, Huawei has accumulated a wealth of experience in digital transformation and is committed to becoming the core driving force for the rapid development of SMEs in the digital era. In the future, Huawei will keep working with global partners to innovate together, share success, and create a brilliant digital economy for SME customers around the world.
For more about Huawei commercial market solutions, see https://e.huawei.com/cn/industries/commercial-market.
Photo – https://mma.prnewswire.com/media/2533834/Ernest_Zhang.jpg
Photo – https://mma.prnewswire.com/media/2533835/Peter_Zhang.jpg

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Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.

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SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object

This Olympiad, part of the annual Eye Level Math Olympiad series established in 2004, offers students a valuable opportunity to assess and enhance their mathematical abilities. The test lasts approximately one hour and is designed to challenge students across various areas of math skills, covering most arithmetic and critical thinking domains. Questions are tailored to each grade level, allowing students to evaluate their skills objectively.All participants will receive a certificate of participation and a comprehensive analysis of their test results. Official results and winners will be announced in January 2025 on myeyelevel.com, with award ceremonies planned to be held locally for outstanding participants.
Registration is currently open on myeyelevel.com.
About Eye Level
Eye Level is an international provider of supplemental education services in Math and English with more than 2 million students having experienced its programs. Eye Level guides the students to learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond. 
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n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS

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OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.

n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space. 
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry. 
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact. 
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2’s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group  
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.    
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.   
n2 Group Companies  
•  BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science. 
•  NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI. 
•  STAC: Independent financial services technology research and community events. 
•  VSNi: Proven statistical solutions and data expertise driving innovation and success.  
•  X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group. 
Logo – https://mma.prnewswire.com/media/2271328/n2_Group_Logo.jpgLogo –  https://mma.prnewswire.com/media/2533549/XISS_Logo.jpg
 

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