Baby Food Market Set for Prosperity in Future

Due to the growing population of working mothers, surging concerns being raised by parents over infant nutrition, falling infant mortality rate, soaring public awareness about innovative baby food products, and increasing urbanization rate and organized retail marketing activities, the global baby food market revenue is predicted to rise from $30.0 billion in 2020 to $53.9 billion by 2030. Furthermore, the market will progress at a CAGR of 6.1% from 2021 to 2030 (forecast period), as per the estimates of the market research firm, P&S Intelligence.

As working women are actively focusing on the nutritional needs of their babies, their mushrooming population all over the world is driving the sales of baby food products. As per the Office for National Statistics (ONS), in England, the share of working mothers in the total population of mothers rose from 69% in 2013 to 74% in September 2018. Additionally, as per the data released by the Catalyst, which is a non-profit organization that works with more than 800 companies across the world for accelerating women into leadership positions, in India, 20.3% of the women in the age group—15 years and older—were working in 2020.

This is credited to the growing public preference for buying baby food products via various e-commerce platforms over other distribution channels. Across the globe, the Asia-Pacific (APAC) region generated the highest revenue in the baby food market in 2020 and it is predicted to be the fastest growing region during the forecast period as well. This will be because of the surging population of working women, high birth rates, soaring disposable income of people, ballooning public awareness about baby food products, and increasing research and development (R&D) activities being carried out by several baby food producing companies in the region.

Hence, the sales of baby food products are certain to shoot up in the coming years, owing to the surging population of working women, growing disposable income of people, falling infant mortality rate, and rising public awareness about infant nutrition all over the world.

Fuel Cell Electric Vehicle Market Set to Exhibit Tremendous Growth in Coming Years

The global fuel cell electric vehicle market generated ~$3 billion revenue in 2020. The market is being driven by the enactment of strict carbon emission regulations, such as those regarding fuel efficiency, by various governments and organizations, and the burgeoning requirement for environment-friendly vehicles, on account of the surging concerns being raised over the escalating carbon dioxide emissions all over the world. For example, the U.S. Environmental Protection Agency (EPA) is encouraging the adoption of fuel cell electric vehicles in order to reduce carbon dioxide emissions in the country.

Furthermore, the European Union has announced recently that it aims to reduce vehicular emissions by 80% by 2050 from the levels reported in 1990. The organization would achieve this objective by promoting the use of green vehicles. Besides, the mushrooming deployment of electric vehicles in several countries is also driving the growth of the fuel cell electric vehicle market. For example, as per the International Energy Agency (IEA), the sales of electric cars surpassed 2.1 million across the world in 2019, thereby propelling the global electric car fleet to 7.2 million.

This will be primarily because of the enactment of strict emission norms by the governments of China and Japan. Further, the existence of several major fuel cell vehicle manufacturing organizations such as Toyota Motor Corporation, SAIC Motor Corporation Limited, and Hyundai Motor Company, is also fueling the deployment of fuel cell electric vehicles in the region. Furthermore, the implementation of initiatives such as the promotion of zero-emission automobiles during major events like the 2020 Summer Olympics in Tokyo, is also propelling the market expansion in the region.

Hence, it is safe to say that the demand for fuel cell electric vehicles will surge sharply in the upcoming years, mainly because of the growing demand for environment-friendly vehicles, on account of the increasing air pollution levels and carbon dioxide emissions, and the enactment of favorable government initiatives regarding their deployment across the world. 

How Are Technological Advancements Strengthening Unmanned Underwater Vehicles Market?

The surging defense expenditure of countries and burgeoning demand for seafloor mapping data will drive the unmanned underwater vehicles market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated a revenue of ~$4 billion in 2020. Moreover, the rising advancements in underwater inspection techniques and soaring demand for maritime security will facilitate the market growth in the foreseeable future. Currently, the market players are undertaking several creative approaches to augment the effectiveness of UUVs.

The mounting defense expenditure is one of the primary growth drivers for the market. UUVs play an important role in naval warfare as they provide significant clandestine and standoff capabilities and can intelligently adapt to the changes in tactical situations. The onboard systems of UUVs can adapt to the mission plan and identify changes without requiring human assistance. Owing to the benefits offered by UUVs, the navy and other departments of defense of various countries are partnering with private companies to conduct research and development (R&D) for developing next-generation UUVs.

At present, the UUVs market is consolidated in nature, with the presence of few players such as Teledyne Technologies Inc., Lockheed Martin Corporation, Subsea 7 S.A., Saab AB, Oceanserver Technology Inc., Kongsberg Gruppen, Oceaneering International Inc., The Boeing Company, and Fugro. These market players are entering into partnerships to gain a competitive edge. For instance, in December 2019, Saab AB won a contract from the Swedish Defence Materiel Administration (FMV) for the development of a new self-propelled naval mine, which is based on autonomous underwater vehicle technology.

Thus, the growing defense budgets and escalating focus on maritime security will support the market growth during the forecast period.

Growth of the On-Board Charger Market in United States

The mushrooming demand for electric vehicles is encouraging electric vehicle charging system manufacturers to focus on developing technologically advanced and innovative variants. Moreover, with the surging concerns being raised over the deteriorating environmental conditions, many electric vehicle manufacturers are making huge investments in research and development (R&D) projects in order to fuel advancements in the electric vehicle technology. For instance, Fiat Chrysler Automobiles N.V. announced in July 2019 that it intends to make an investment of $788 million (EUR 700 million) for developing a manufacturing line for the newer models of its Fiat 500 minicar.

This manufacturing line will enable the production of around 80,000 units every year. These investments are causing a sharp fall in manufacturing costs, which is, in turn, leading to the production of affordable electric vehicles. This is subsequently pushing up the demand for on-board chargers. These projects have led to the development of batteries having increased power densities. Besides, the increasing deployment of alternating current (AC) charging stations in emerging economies is also fueling the expansion of the on-board charger market.

This is primarily ascribed to the deployment of numerous AC chargers, as they are majorly used at homes for charging electric vehicles. As these chargers are cheaper than the other variants, they are being preferred by people throughout the world. Some of the major on-board charger manufacturing companies across the world are NXP Semiconductors N.V., Delta-Q Corporation, Delphi Technologies PLC, Eaton Corporation plc, Delta Electronics Inc., Avid Technology Inc., Toyota Motor Corporation, Infineon Technologies AG, and LG Chem Ltd.

Hence, it can be said without any doubt that the demand for on-board chargers will surge sharply in the forthcoming years, primarily because of the growing deployment of electric vehicles and the development of technologically advanced charging systems, on account of the surging investments being made by industry players across the world. 

How Are Technological Advancements Strengthening Electric Vehicle Component Market?

Growth drivers such as the booming sales of electric vehicles (EVs) and declining prices of their components will fuel the Indian EV component market at a CAGR of 22.1% during the forecast period (2020–2030). According to P&S Intelligence, the market generated revenue of $536.1 million in 2019. Currently, the rising popularity of high-battery capacity EVs, owing to their ability to cover long distances in a single charge, has become a prominent market trend. 

One of the primary growth drivers of the Indian EV component market is the burgeoning sales of EVs, owing to the extensive government support, in the country. According to the Society of Manufacturers of Electric Vehicles (SMEV), 155,400 EVs were sold in India during the financial year 2019–2020. In 2019, 2,000 electric passenger cars and 32.4 thousand electric two-wheelers were sold in India. In the coming years, government initiatives such as the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme will boost the sales figure of EVs in the country. 

Geographically, Uttar Pradesh held the largest share in the Indian EV component market during the historical period (2014–2019), due to the highest replacement and procurement rate of several components of electric two- and three-wheelers in the state. Whereas, Tripura is projected to exhibit the fastest growth during the forecast period, primarily on account of the mounting number of e-rickshaws in the state. Various OEMs and aftermarket companies will be offering a large volume of components of electric three-wheelers in this state in the coming years. 

Thus, the mushrooming demand for EVs and rising replacement and procurement rate of EV components will fuel the prosperity of the market in the coming years.  

Browse Full Report on Electric Vehicle Component Market in India

Massive Growth in India Electric Rickshaw Battery Market Research Report by Forecast 2024

With the soaring sales of electric rickshaws in different cities and towns, on account of the rising popularity of eco-friendly vehicles, the demand for electric rickshaw battery is growing steeply in India. According to statista, more than 380,000 electric rickshaws were sold across India in 2018. This is credited to the fact that e-rickshaws have lower operating costs than the other variants, such as the conventionally used auto-rickshaws. Additionally, the government is providing strong support, in the form of financial incentives, for boosting the deployment of these economical vehicles in the country.

As a result, the rickshaws were of poor quality and had an average lifespan of 1.8 years. However, after the launch of the Goods & Services Tax (GST), the industry has witnessed the entry of several organized manufacturers. As the rickshaws manufactured by these companies have an average lifespan of 3.5 years, their surging production is propelling the demand for electric rickshaw batteries in the country, thereby driving the progress of the Indian electric rickshaw battery market.

According to the estimates of the market research company, P&S Intelligence, the market revenue will grow from $385.0 million to $722.3 million by 2024. Moreover, the market is predicted to progress at a CAGR of 13.2% from 2020 to 2024. Depending on vehicle, the Indian electric rickshaw battery market is bifurcated into passenger and load carriers. Between these, the passenger carrier category held the largest share in the market in the years gone by.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-battery-market/report-sample

Hence, it is safe to say that the sales of electric rickshaw batteries will shoot up in India in the coming years, primarily because of the growing adoption of electric rickshaws in the country.

Mobile Handset Protection Market Will Show An Increase Of By 2030

If there’s one device which is synonymous with the information age, it is a mobile phone. A valuable possession in today’s fast paced communication driven environment, the mobile phone has undoubtedly brought people and cultures together, bridged the gap between continents, and streamlined business communication and operations. According to the observations of the International Telecommunication Union (ITU), the mobile subscription rate across the world per 100 individuals was 109 in 2019.

Mobile Handset Protection Market Outlook

As this device plays a major role in ensuring that people stay connected with their loved ones, businesses run smoothly and efficiently, and customer queries are handled quickly and effectively, it needs to be protected against various accidental and liquid damages. This is why the demand for mobile handset protection is surging sharply across the world. Additionally, people are quickly realizing the need, value, and importance of handset protection, which is further boosting the demand for mobile handset protection, thereby causing the growth of the global mobile handset protection market.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/mobile-handset-protection-market/report-sample

Additionally, as smartphones are majorly used for surfing the internet and conducting important transactions, there is a major threat of these devices getting exposed to harmful third-party applications and content, that might cause considerable damage. This is another factor driving the expansion of the mobile handset protection market. Geographically, the demand for mobile handset protection services will soar in North America in the forthcoming years, as per the estimates of the market research company, P&S Intelligence. As consumers in the U.S. depend heavily on their mobile network operators to solve their issues, the mobile handset protection services are being extensively adopted in the region.

Hence, it can be said without any hesitation that owing to the rising penetration of smartphones, increasing incidence of mobile phones breaking down, and growing public awareness about the importance of handset protection, the demand for mobile handset protection services will surge all over the world in the coming years.

What are Key Factors Driving Progress of Electric Vehicle Communication Controller Market?

The escalating air pollution levels and the rapid environmental degradation all over the world are the major factors fueling the popularity of electric vehicles. Moreover, with the surge in electric vehicle deployment in several countries, the demand for proper electric vehicle charging infrastructure, including charging stations, is growing rapidly, which is, in turn, propelling the requirement for electric vehicle communication controllers. Electric vehicle manufacturing companies and charging component developers are making huge investments in efficient and smart battery charging systems.

EVCC Market

Because of the above-mentioned factors, the demand for electric vehicle communication controllers is surging sharply, which is, in turn, driving the advancement of the global electric vehicle communication controller market. According to the estimates of P&S Intelligence, a market research company based in India, the value of the market will grow from $97.0 million in 2018 to $553.4 million by 2024. Furthermore, the market is predicted to advance at a CAGR of 34.8% between 2019 and 2024. 

Geographically, the sales of electric vehicle communication controllers are predicted to boom in Europe in the forthcoming years. This will be due to the surging deployment of electric vehicles and electric vehicle charging stations in the region. Moreover, the ballooning sales of electric cars in the region are also fueling the rapid expansion of the electric vehicle communication controller market in Europe. As per reports, the sales of electric cars grew by around 33% in Europe from 2017 to 2018.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/electric-vehicle-communication-controller-market/report-sample

Therefore, it can be said without any hesitation that the demand for electric vehicle communication controllers will skyrocket all over the world in the upcoming years, mainly because of the growing requirement for electric vehicle charging facilities and stations, on account of the rising deployment of electric vehicles in various countries.

Tremendous Growth Expected in Global Baby Shampoo Market in Coming Years

Sanitation and hygiene are the most vital aspects of baby care and shampoos and conditioners are inherent constituents of baby care. As babies are fragile and delicate, hygiene and sanitation products of adults are not recommended to be used on babies. Nowadays, parents have become very cautious about the brands of baby shampoos and conditioners, owing to the mounting awareness about the hygiene of babies. Owing to this reason, parents are now preferring to use toxin and paraben-free baby shampoo and conditioners.

Industry Outlook For Baby Shampoo 

Moreover, the accelerating urbanization rate in populous countries, such as India and China, will steer the baby shampoo and conditioners market growth in the forthcoming years. Increasing urbanization rate in such countries has encouraged parents to amplify their focus on the nurture of their child, owing to which, they have surged their expenditure on baby care products. Additionally, the declining global infant mortality rate will also augment the use of baby shampoos and conditioners in the upcoming years. According to the World Bank, the global infant mortality rate has declined from 64.5 in 1960 to 28.2 in 2019.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/baby-shampoo-and-conditioners-market/report-sample

According to P&S Intelligence, Europe dominated the baby shampoo and conditioners market in the preceding years. Asia-Pacific (APAC) has also emerged as a major procurer of baby shampoos and conditioners in recent years. This can be primarily owed to the booming population and increasing fertility rate of women in China and India. For instance, the World Bank states that the fertility rate of China and India stood at 1.7 and 2.2, respectively, in 2019. Furthermore, the World Economic Forum (WEF) forecasts that the population of India will surpass 1.6 billion by 2060.

Therefore, the surging awareness among parents about baby hygiene and sanitation and the booming population will amplify the use of baby shampoos and conditioners in the foreseeable future. Moreover, the declining infant mortality rate, owing to the improving healthcare infrastructure, will also propel the consumption of such baby care products in the forthcoming years.

Electric Bus Market Statistics, Development and Growth 2025

The concerns regarding the greenhouse gas emissions has been surging all across the globe. The increased use of vehicles has been causing air pollutions, and the levels now have risen alarmingly. Ascribed to this, governments of various countries are looking for ways to deal with the situation before it gets out of hands. This has led to the increasing adoption of electrical vehicles all over the world. 

Industry Outlook For Electric Bus

Up till now, the penetration of electric cars and electric two-wheelers has been high, however, these days the demand for electric buses is growing as well. According to a P&S Intelligence report, the global electric bus market is expected to reach 331,327 units by 2025, progressing at a 16.6% CAGR during the forecast period. Governments of various countries have become increasingly aware regarding the long-term benefits of electric buses. Moreover, countries are also focusing on cutting down their import bills of crude oil, which can be done by the adoption of electric vehicles. 

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/electric-bus-market/report-sample

Electric buses are of three types, namely hybrid electric bus, plug-in electric bus, and battery electric bus (BEB). Out of these, the demand for BEBs has been the highest up till now, and the situation is likely to be the same during the forecast period as well. The demand for these electric buses is growing due to the reduction in battery prices and the fact that they emit minimum levels of carbon. Lithium manganese cobalt oxide and lithium iron phosphate (LFP) are the major types of batteries that are utilized in electric buses.  

Series hybrid powertrain has a simpler configuration is smaller in size as compared to the other variants. The Asia-Pacific region created the highest demand for these vehicles in the past and is further expected to emerge as a major electric bus market during the forecast period. In the region, China is creating the highest demand for these vehicles across the globe. This trend is predicted to continue in the near future due to the concentration of companies in the country. 

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=electric-bus-market

In conclusion, the surging environmental concerns and awareness regarding long term benefits of electric bus are driving the market. 

Organic Trace Minerals Market: What are the Key Growth Factors?

Trace minerals play a vital role in several metabolic functions in the animal body. These minerals can be derived from organic as well as inorganic sources. Inorganic trace minerals, such as sulphates, carbonates, chlorides, and oxides of elements, interact with tannin, fiber, silicates, oxalate, phytate, and other minerals in the gastrointestinal tract of animals, thereby affecting the feed absorption process. As organic trace minerals such as selenium, zinc, copper, and manganese improve gut absorption in animals, they are being increasingly used in animal feed. 

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/organic-trace-minerals-market/report-sample

As organic trace minerals also include iron, the surging iron deficiency among poultry and ruminants will help the organic trace minerals market register significant growth in the coming years. Additionally, the mounting focus of animal farm owners on strengthening animal immunity will create a huge requirement for minerals such as copper and manganese in the foreseeable future. Furthermore, the surge in the number of animal farms is propelling the demand for organic trace minerals, as veterinarians are increasingly recommending using these products in animal feed. 

According to P&S Intelligence, North America dominates the organic trace minerals market, due to the surging customer awareness about the advantages of organic products in the region. Additionally, the implementation of stringent environmental regulations is limiting the use of inorganic minerals, which is, in turn, fueling the adoption of organic trace minerals in the region. Furthermore, the Asia-Pacific (APAC) region is also adopting a considerable volume of organic trace minerals, due to the soaring consumption and export of milk products and meat in the region. 

Thus, the rising emphasis on animal health and enhanced productivity, escalating demand for milk products and milk, and growing prevalence of iron deficiency among animals will encourage the use of organic trace mineral products in the coming years.  

India Electric Two-Wheelers Market Set to Exhibit Tremendous Growth in Coming Years

The Indian electric scooter and motorcycle market will experience a 57.9% CAGR during the forecast period (2020–2025), on account of the high government subsidies, favorable regulatory policies, stringent emission norms, and entry of leading two-wheeler manufacturers in the country. Moreover, the rising environmental concerns, dipping lithium-ion (Li-ion) battery prices, increasing advancements in Li-ion batteries, and planned set up of manufacturing units will help the market reach $grow from a sale of 152.0 thousand units in 2014to 1,080.5 thousand units by end of 2025.

India Electric Two-Wheelers Market Outlook

The regulatory environment and subsidies will go a long way in facilitating the Indian electric scooter and motorcycle market growth. The tax exemptions, financial incentives, and purchase rebates have made these two-wheelers more viable for customers. Moreover, The government of India proposed a plan in 2019 to allow the sale of only electric two-wheelers from March 2025 onward. Moreover, the implementation of the Bharat Stage-VI (BSVI) emission norms from 1st April 2020 has boosted the production and sales of these electric vehicles (EVs).

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/india-electric-scooter-and-motorcycle-market/report-sample

Additionally, the falling prices of Li-ion batteries will act as a catalyst for the Indian electric scooter and motorcycle market growth. At present, most of the EV manufacturers import Li-ion batteries from South Korea, China, and Japan due to the scarcity of raw materials and an underdeveloped value chain. The import of batteries leads to high costs, and domestic production will reduce them. Owing to these reasons, most of the Li-ion battery developers in India are focusing on the development of batteries and related systems within the country. 

Moreover, the increasing investments in the country’s e-two-wheeler sector by established manufacturers like Bajaj Auto Limited and TVS Motor Company Limited will fuel the growth of the Indian electric scooter and motorcycle market in the foreseeable future. The investments will help manufacturers pour in the high upfront capital required in the initial stages and setup a supply chain. The increased influx of money also helps in keeping the cost of electric two-wheelers low, while enhancing their quality.

Geographically, Karnataka and Delhi are two of the fastest-growing states in the Indian electric scooter and motorcycle market due to the surging government support, escalating environmental concerns, rising preference for clean and green vehicles, and soaring popularity of two-wheeler sharing services. Uttar Pradesh and Tamil Nadu are expected to hold comparatively larger shares in the market during the forecast period. The maximum demand for such EVs is generated from the tier 1 and tier 2 cities of these states.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=india-electric-scooter-and-motorcycle-market

Thus, the presence of a conducive regulatory framework and availability of an array of scooter and motorcycle models will propel market growth in the coming years.