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Aluminum Curtain Wall Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast

The Aluminum Curtain Wall Market size is estimated to be valued at US$ 41.65 billion in 2022 and is anticipated to reach US$ 101.36 billion by 2032, at a CAGR of 9.3% during 2022-2032.

As curtain wall systems help to reduce the building’s overall operating costs by controlling temperature, the global aluminum curtain wall market is expected to grow. Today’s construction sector is seeing increased demand for aluminum curtain wall due to its superior impact resistance and sound insulation.

The varied performance attributes of aluminum play a significant role in the latest innovations in the aluminum curtain wall market as well as the long-term sustainability of buildings.
Aluminum curtain walls have a number of advantages, including design flexibility, a long service life, improved strength-to-weight ratio, excellent reflectivity, and fire safety.

Furthermore, a number of studies have shown that aluminum is good for the environment which is another major factor propelling the demand for aluminum curtain wall during the forecast period.
As it serves as a shield and insulator by keeping air and rain outside the buildings, sales of aluminum curtain wall are expected to increase. By spreading kinetic stress via frames, ACW reduces sway in taller buildings, making the structure more secure.

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Due to the rising urbanization, sales of aluminum curtain wall are projected to increase. Commercial and residential properties are constantly adapting new construction styles which are projected to aid in the development of aluminum curtain wall market outlook.

Key Takeaways from Market Study
Unitized aluminum curtain wall systems held over 55% of the market share overall in 2019 based on type, and the segment is anticipated to expand at the fastest rate throughout the forecast period.
In 2019, commercial buildings dominated the market for aluminum curtain walls, and this trend is anticipated to last throughout the forecast period.

Developed regions like Europe and North America are expected to moderately grow between 2022 and 2032. The regions represented more than 40.0 percent of the aluminum curtain wall market share in 2021.

The Asia Pacific region, which accounted for a sizeable portion of the market in 2021, is anticipated to expand at a CAGR of more than 9% during the projected period.
“Aluminum curtain wall demand is projected to grow due to increased infrastructure development, urbanization, and aluminum’s expanding use in the buildings. The aluminum curtain wall market share is projected to increase significantly as a result of the increase in demand for lightweight curtain wall in construction projects and the move toward inexpensive metals with high sustainability.”- Future Market Insights Analyst.

Competitive Landscape
With numerous large- and medium-sized manufacturers, the aluminum curtain wall market is highly fragmented. In order to provide environmentally friendly technology, these businesses are making significant investments in research and development.
Key players profiled in the report are Alumil Aluminium Industry S.A., EFCO Corporation, GUTMANN AG, Hansen Group Ltd., Kawneer Company, Inc.

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Partnerships, collaborations, and investments aimed at creating advanced aluminum curtain wall have significantly increased in the aluminum curtain wall market. Due to growing government and business sector demand for aluminum curtain walls in a number of countries, these activities are anticipated to develop throughout the projected period.

In order to strengthen its expansion strategies, increase its geographic presence across the United States, broaden its product offerings, and reinforce its position in the market for mid-size commercial buildings, Apogee Enterprises, Inc. closed the acquisition of EFCO Corporation in 2017. As a result of the transaction, EFCO Corporation was also able to benefit from market, product, and operational opportunities.

In November 2018, Comar Architectural Aluminum System unveiled the 6EFT curtain wall system. The product was developed to offer a high-performance option for building facades, both new and renovated.

In April 2019, Schüco International KG and KUKA AG, pioneers in intelligent automated solutions for the manufacture of facades, windows, and doors in the future, announced a partnership. As part of this deal, two businesses will combine their resources. Schüco will have access to KUKA’s integrators.

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The Mobile ECG Devices Market is projected to reach US$ 2,457.66 million by 2028 from US$ 1,770.35 million in 2021; it is estimated to grow at a CAGR of 5.0% from 2022 to 2028.

Factors such as increase in geriatric population and rise in incidence of cardiovascular diseases and heart-related conditions are driving the market growth. However, stringent regulatory requirements and technical issues hamper the market growth. The mobile ECG devices market in APAC is growing at a significant pace.

Rise in Incidence of Cardiovascular Diseases and Heart-Related Conditions:
Cardiovascular diseases (CVDs) continue to be the most significant cause of morbidity and mortality worldwide. CVDs affect heart and blood vessels, and include coronary heart disease, arrhythmias, and other conditions. Unhealthy diet is one of the most important lifestyle factors that lead to cardiovascular diseases. The increasing prevalence of cardiovascular diseases and the rising need to continuously monitor the ECG levels of patients' hearts to provide accurate analysis help improve the effectiveness of the treatments.

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The electric vehicle battery market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI's analysis. The industry's size is predicted to reach a market value of US$ 9,402.3 million in 2023.

The increasing transition toward electric vehicles (EVs) is expected to propel accelerated battery demand in leading automobile markets like the United States and Europe. Battery and automotive manufacturers are facing challenges owing to uncertainty related to the battery supply chain. Several players are considering constructing gigafactory or joining joint ventures to combat shrunken supply.

The shift toward EVs can be attributed to adverse climactic change and increasing carbon emissions, especially in urban cities. The EV30-30 Scenario targets a surging value share of EVs to 30% by 2030 (excluding two/three-wheelers).

Favorable government policies to encourage EV sales are predicted to offer opportunities for battery makers of EVs. Additionally, technological advancements have spiked the energy density of lithium-ion batteries while reducing the overall price of lithium-ion batteries. As a result, propelling its uptake in li-ion powered EVs.

Surging investments for the upgradation of public charging infrastructure in conjunction with the rising efficiency of EVs are expected to create lucrative opportunities for manufacturers.

The high cost of EVs is expected to affect the uptake of batteries negatively. Gaps in demand and supply of essential raw materials like cobalt and a dearth of charging infrastructure are expected to limit the market growth.

For more information: https://www.futuremarketinsigh....ts.com/reports/elect
Top Highlights from the FMI’s Analysis of the Electric Vehicle Battery Market:

The United States electric vehicle battery industry is expected to attain a 28.7% market share in 2023. The dominant share of the country reflects the high establishment of the market and great prospects for future growth.
Germany is expected to hold a 15.1% market share in 2023. The country is expected to attract key players from across the globe to expand its sales and drive product innovation.
Japan contributes 5.3% to the global market. The regional market offers excellent potential for key participants’ growth.
Australia's share in the market is as low as 1.4%. However, the country is expected to offer growth prospects to businesses that venture out.
China is expected to expand robustly over the forecast period at a 9.6% CAGR.
The Indian market is anticipated to expand at a CAGR of 9% in the forecast period.
Under the battery type category, lead acid is expected to record a market share of 45.7% in 2023.
Passenger cars are expected to hold a 22.2% market share in 2023.
Key Developments in the Market

CATL collaborated with Ford in February 2023 to develop a battery plant for EVs in the United States Michigan city. As a part of the agreement, Ford is expected to own the new unit of CATL. CATL is also predicted to assist Ford in accelerating the development of batteries.
Clarios’ Optima introduced an all-new lithium-power sport battery line in November 2022. The line focuses on enhancing batteries for personal watercraft, motorcycles, utility task vehicles (UTV), snowmobiles, and all-terrain vehicles (ATVs).
Honda Motor Company declared the development of a lithium-ion battery plant for EVs in the United States with the LG Energy Solution Ltd. in August 2022. The total investment in the project has been US$ 4.4 billion. The companies aim to develop about 40 GWh of batteries yearly to be exclusively used in North America’s Honda and Acura electric vehicles.
The electric vehicle battery market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI's analysis. The industry's size is predicted to reach a market value of US$ 9,402.3 million in 2023.

The increasing transition toward electric vehicles (EVs) is expected to propel accelerated battery demand in leading automobile markets like the United States and Europe. Battery and automotive manufacturers are facing challenges owing to uncertainty related to the battery supply chain. Several players are considering constructing gigafactory or joining joint ventures to combat shrunken supply.

The shift toward EVs can be attributed to adverse climactic change and increasing carbon emissions, especially in urban cities. The EV30-30 Scenario targets a surging value share of EVs to 30% by 2030 (excluding two/three-wheelers).

Favorable government policies to encourage EV sales are predicted to offer opportunities for battery makers of EVs. Additionally, technological advancements have spiked the energy density of lithium-ion batteries while reducing the overall price of lithium-ion batteries. As a result, propelling its uptake in li-ion powered EVs.

Surging investments for the upgradation of public charging infrastructure in conjunction with the rising efficiency of EVs are expected to create lucrative opportunities for manufacturers.

The high cost of EVs is expected to affect the uptake of batteries negatively. Gaps in demand and supply of essential raw materials like cobalt and a dearth of charging infrastructure are expected to limit the market growth.

For more information: https://www.futuremarketinsigh....ts.com/reports/elect

Top Highlights from the FMI’s Analysis of the Electric Vehicle Battery Market:

The United States electric vehicle battery industry is expected to attain a 28.7% market share in 2023. The dominant share of the country reflects the high establishment of the market and great prospects for future growth.
Germany is expected to hold a 15.1% market share in 2023. The country is expected to attract key players from across the globe to expand its sales and drive product innovation.
Japan contributes 5.3% to the global market. The regional market offers excellent potential for key participants’ growth.
Australia's share in the market is as low as 1.4%. However, the country is expected to offer growth prospects to businesses that venture out.
China is expected to expand robustly over the forecast period at a 9.6% CAGR.
The Indian market is anticipated to expand at a CAGR of 9% in the forecast period.
Under the battery type category, lead acid is expected to record a market share of 45.7% in 2023.
Passenger cars are expected to hold a 22.2% market share in 2023.
Key Developments in the Market

CATL collaborated with Ford in February 2023 to develop a battery plant for EVs in the United States Michigan city. As a part of the agreement, Ford is expected to own the new unit of CATL. CATL is also predicted to assist Ford in accelerating the development of batteries.
Clarios’ Optima introduced an all-new lithium-power sport battery line in November 2022. The line focuses on enhancing batteries for personal watercraft, motorcycles, utility task vehicles (UTV), snowmobiles, and all-terrain vehicles (ATVs).
Honda Motor Company declared the development of a lithium-ion battery plant for EVs in the United States with the LG Energy Solution Ltd. in August 2022. The total investment in the project has been US$ 4.4 billion. The companies aim to develop about 40 GWh of batteries yearly to be exclusively used in North America’s Honda and Acura electric vehicles.
Have a Look at Related Research Reports of Automotive Domain

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