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Pandith Sri
Pandith Sri
2 años

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Research
Research
2 años

According to ESOMAR-certified Future Market Insights’ (FMI), The Automotive Battery Management System Market is anticipated to register a CAGR of 25.6%. It is predicted that the market for car battery management systems will grow from US$ 3.8 billion in 2023 to US$ 37.4 billion by 2033.

In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth.

Request a Sample of this Report:
https://www.futuremarketinsigh....ts.com/reports/sampl

In order to manage lithium-ion batteries, which have higher energy densities and longer operating lives than conventional batteries, EVs, HEVs, and electric motorcycles employ battery management systems. Throughout the projection period, the expansion of the electric vehicle industry is also predicted to offer significant opportunity for EV component producers of automotive battery management systems.

Features like as start/stop, electric power steering, and electronic braking systems have increased the power strain on the battery. As a result, prioritising all of these electrical loads on a scale from comfort to safety has been a key concern in the electrical system of a car. Intelligent battery management systems (IBMSs) are gaining popularity among automakers and are being widely implemented in all regions. IBMS is made up of advanced electronics such as battery sensors that measure the state of charge (SOC), state of health (SOH), and temperature across a cell in a vehicle battery pack.

“In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.”

Key Takeaways of Automotive Battery Management System Market Study

Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries.
With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems.
APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles.
Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future.
Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period.
Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts.
For more info: https://www.futuremarketinsigh....ts.com/reports/autom
Automotive Battery Management System Market: Competition Overview

The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it.

Key Players Operating in Automotive Battery Management System Market Include:

Continental Ag, Dana Limited, Gentherm, Hanon Systems, Mahle Gmbh, Nxp Semiconductors, Renesas Electronics Corporation, Robert Bosch Gmbh, Valeo, Marelli Holdings Co., Ltd.

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paraj ahire
paraj ahire
2 años

Spray Dried Food Market: The Future of Nutrient Preservation

The global spray-dried food market is projected to secure a CAGR of 7.7% throughout the valuation period from 2022 to 2032. The global market stood at a valuation of US$ 54,122.2 million in 2022 to attain a value of US$ 1,13,260.9 million by 2032. There is surging adoption within the spray-dried food market as they produce dry food products using hot gas. Therefore, it is anticipated that the spray-dried food market is likely to have significant growth during the forecast period.

The spray dryer market for the food industry will expand significantly during the coming years. This market momentum is gaining traction because it helps preserve the texture of the food product rather than changing its colour or aroma. Additionally, the demand for spray-dried food items is rising, and spray dryers are widely used in the dairy and coffee industries. The global market for these foods is expected to expand since spray-dried foods are less expensive than freeze-dried food products.

Taste the Sizzle with Market Insights Now for Spray-Dried Success :
https://www.futuremarketinsigh....ts.com/reports/sampl

Key Takeaways

It is expected that there is a significant rise in the awareness level amongst the consumer of the health benefits associated with the rising consumption of spray-dried food. One can relish the natural taste of the food retaining the flavor untampered.
It has been identified that the dairy industry is a primary contributor driving the spray-dried food market growth. Furthermore, a spray dryer is likely to remove the water content from food preventing bacteria growth with the help of dehydration and prolonging the shelf life of dairy products.
It is predicted that consumers prefer convenience when it comes to day-to-day life. They are massively taking over the habits that are natural and making conscious choices by actively choosing spray-dried foods. Consumers are avoiding foods that contain more chemicals and pesticides than needed. Therefore, resorting to such easy and health-conscious choices is a major driver bolstering the growth of the spray-dried food industry.
It has been witnessed that strict norms and safety regulations within the food industry are likely to pose a challenge to the advancement of the spray-dried food industry. The surging costs associated with the production of spray dryers are a concern for the market players.
High energy consumption is seen in drying the food, and the cost of equipment is on a significant rise as well. Moreover, the emergence of the latest technologies is rapidly being worked upon in order to minimize the impact of such factors, hindering the propelling of the spray-dried food market.
Get Your Customised Report on the Growing Market for Spray-Dried Foods, Including Healthier Options and Technological Advancements:
https://www.futuremarketinsigh....ts.com/customization

Competitive Landscape

Key manufacturers in the global spray-dried food industry are actively offering healthier products to more health-conscious consumers. Furthermore, technological advancements are helping in lowering the cost of equipment and the consumption of energy.

The start-ups within the spray-dried food industry market are rapidly improving the quality of the products by deploying frequent innovations to improve the capacity of the spray dryers in the food industry.

More Insights into the Spray-Dried Food Market

North America is predicted to dominate the global spray-dried food industry over the forecast period. At present, the North American region cumulatively holds a total of 27.8% of the total market share for spray-dried food.

The growth of the global spray-dried food industry is attributed to the rising population of this region, who are conscious of the health and nutrition factors for what they are consuming. Furthermore, the government is providing grants to emerging companies in order to carry out research and development activities.

These activities help bring additive-free natural food products into the market, creating robust opportunities for the market to grow.

Europe is projected to have substantial growth throughout the forecast period as it accounts for around 24.5% of the total market share. The European region is expected to bolster because a deep-rooted culture prevails in the European region around convenience food. Such foods can easily be cooked or packed at home without any prior preparation needed.

Massive dairy and snacking industries have been set up within the European region, which is likely to influence economic growth, and people are continuing to eat out as per the trend, as compared to consumers having outside food previously.

For More IInformation Click Here:
https://www.futuremarketinsigh....ts.com/reports/spray

Key Segments in The Spray Dried Food Market

By Type:

Fruits and vegetables
Beverage
Dairy Products
Fish
By Application:

Supermarkets and Hypermarkets
Independent Retailers
Specialist Retailers
Online Stores
Other

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