Why Battery Swapping is Showing Lot of Promise in India?

Battery swapping means the exchange of a discharged battery for a charged battery at a swapping station. It has been gaining popularity in the industry as a key to comfort range concern, one of the prime impediments to the large-scale acceptance of electric vehicles.

Battery exchange could also solve the issue of setting up huge charging infrastructure in towns with the availability of limited space—it can take place in smaller places. A battery exchange station can be set up as a separate entity or even outside of a local store. Battery swapping is also projected to decrease the upfront expense of owning an electric vehicle.

What is Pay-Per-Use Model?

Pay-per-use model is when a customer is charged for specific usage of battery swapping services. Pay-per-use model does not assume a fixed monthly or annual fee; instead, a customer makes a single purchase at a fixed price based on usage.

What is the Subscription Model?

A future strategy for enabling the introduction of electric-drive vehicles calls for vehicle buyers to own the vehicle but rent the battery from a third party for reducing the first-price hurdle to customers. A further extension of this method for all-battery EVs would comprise the capability for customers to swipe their discharged batteries for charged ones at battery exchange stations. This reason would increase the driving range for EV service subscribers but with amplified expenses to build and operate the stations.

Why Battery Swapping is Good

Extra mileage Because of battery swapping

Swapping batteries functions well for high-power vehicles due to the bigger batteries they use. This arrangement is typically found in electric vehicles that need a lot of daily mileage.

Choice That Saves Money

When seeing the current average price of a completely electric vehicle battery, which is between Rs. 15,000 and 2,500 per kWh, it’s clear that system exchanging can be a cost-efficient option. Purchasing a new battery every time the old one expires is a waste of several thousand rupees. A cooler and more practical option than regularly replacing batteries is a swapping.

Shortest Possible Charging Duration

There is no requirement to wait for the battery to charge when swapping batteries is possible. The procedure of disconnecting and reconnecting is fast, so you can get back on the road in no time.

Hence, as global warming is increasing the need for EVs is also increasing, and this growing demand will also impact the battery swapping market positively and will reach a total value of USD 61.57 million in India.

 

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How Do Fire Resistant Fabrics Provide Safety in Extreme Temperature Work Conditions?

The fire-resistant fabrics industry has captured $3.04 billion revenue in 2021 and is expected to rise at the rate of 5.90% from 2021 to 2030, to generate $5.09 billion in 2030. It is due to the growing demand for these materials from the mining, chemical, and oil & gas sector, led by stringent workplace safety regulations in developed countries. 

To learn more about this report: https://bit.ly/3IuuozE

The fire-resistant fabrics provide a protective barrier during the explosion or direct exposure to fire. These fabrics are more resistant compared to traditional clothing due to their chemical structure, and hence they do not burn readily. 

Such fabrics are usually made of cotton-based textiles that reduce the risk of fire. These textiles possess greater natural resistance compared to fireproof fibers and other traditional fibers that require chemical treatment. 

These fabrics are flammable, and can be treated with fire-retardant chemicals to boost flame retardation. 

In addition, the rising requirement for fire-resistant textiles in commercial and residential furnishings, as well as surging government investment in safety improvement propels the industry growth.

Based on type, the market is bifurcated into treated and inherent fire-resistant fabrics. Of these two types, treated variants held the larger market share, with revenue of around $1.8 billion in 2021, due to their low cost.

The rising oil & gas industry application of fire-resistant fabrics fuels the material demand. Therefore, these are worn to protect from the extreme heat and working conditions at exploration refineries and sites.

The current government regulations, including direct and indirect expenses caused by workplace accidents, have increased the fire-resistant fabrics demand in traditional energy firms. 

Furthermore, oil & gas is the most -hazardous sector for employees, Operations related to refining goods drilling, servicing, and production is more likely to cause flash fire hazards. It may result in third-degree death and injuries. 

The fire-resistant fabrics are worn to reduce the burn injuries severity and increase the time for users to move away from the burning environment. 

Therefore, the increasing demand to reduce fire burn accidents fuels the requirement for fire-resistant fibers. 

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Growing Environmental Concerns Propelling Heat Exchangers Industry

Due to the rapidly growing hydrocarbon and chemicals industries, as well as several prospective mega power projects, the need for heat exchangers is predicted to rise dramatically. 

The need for heat exchangers is projected to increase as a result of the fast-growing HVAC industry and brisk capacity expansions in the power and hydrocarbons sectors.

By 2030, it is predicted that the heat exchangers market would be worth $25.8 billion. The existence and development of the end-use industries in each of the regions affect the market's expansion.

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The petrochemical, chemical, food & beverage, oil & gas, electricity, paper & pulp, and HVAC-R, sectors all employ several types of heat exchangers, including plate-and-frame and shell-and-tube.

Therefore, in addition to the large rise in HVAC-R deployment, other factors influencing the market growth include the sharp growth in energy prices and the brisk industrial growth in the Asia-Pacific developing nations.

Utilizing Energy-Efficient Equipment More Frequently To Increase Product Demand

The demand for HVAC appliances is increasing in the residential, commercial, and industrial sectors. The use of these systems is projected to rise because of rising disposable money, changing living standards, and extreme weather conditions worldwide.

The market is expanding as a result of the rising environmental concerns that are encouraging the usage of eco-friendly and energy-efficient technology. Government organizations have enacted stringent rules to reduce carbon emissions throughout industries, which has increased demand for the commodity.

Power Plant Construction Fuels Industry Growth

The effectiveness of a nuclear power plant's total power generation is significantly impacted by its heat exchangers. The main motivators for market players are the increasing use of nuclear reactors, the upgrading of existing nuclear facilities, and proposals for new nuclear power plant projects.

Due to its large volume use in the production of exchangers and its remarkable strength, longevity, and corrosion resistance across a broad pH range, the steel category contributed to a sizeable share of the market.

The two steel grades that are employed by the producers in this sector are mild steel and stainless steel. Steel also has good compatibility with ordinary, clean water, is light, has strong heat conductivity, and doesn't need special fluids.

Additionally, it is anticipated that the increased need for chemicals, the rapid advancement of technology, and the growing focus on improving the energy efficiency of constructed structures and machinery would support the market for these goods.

The vast number of petrochemical operations include high pressures and temperatures, necessitating power savings and heat transfer optimization, which drives the demand for energy-efficient exchangers.

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Machine Translation Market Is Propel by Increasing Need for Machine Translation for Post-Editing

 Automated text translation from one language to another using AI is known as machine translation. The whole meaning of the text in the source language is communicated in the target language using modern machine translation, which goes beyond mere word-to-word translation. It examines every aspect of the text and finds relationships between the words.

As per P&S Intelligence, the machine translation market is likely to hit USD 319.44 million value by 2030, owing to the surging demand for content localization among firms and the growing usage of computer-assisted tools.

Usage of Cloud-Based Solutions Is Rising

The demand for cloud-based solutions is predicted to rise dramatically in the near future. This can be attributed to the growing adoption of machine translation technologies in both small and big businesses. Several businesses are moving their data to cloud-based solutions for easier access, cost-effectiveness, scalability, and data control.

Platform-as-a-service (PaaS), software-as-a-service (SaaS), and on-demand computing are some of the major methods utilized by academic and commercial areas to offer software. A significant development in MT technology is the incorporation of cloud computing, as cloud-based MT systems have the potential to lower operational costs.

Military and Defense Organizations Drive Demand for MT Solutions

Military & defense produced the most demand out of all applications, accounting for more than 10% of the market share. In order to connect with multilingual people in real-time, military & defense personnel need to translate large volumes of material quickly. 

For most professions, communication is essential, but for defense and military professionals, it may be the difference between death and life. This is because language is a significant obstacle to military operations and defense research organizations.

Localization of Content Is in Increasing Demand

The market is also growing due to the increased need for content localization. Businesses uncover new justifications for localizing their goods, programs, and websites every day. Businesses all around the world are eager to expand outside of their local markets as they realize their appeal to the global industry.

Establishments can gain a local appeal by blending industry-specific elements with a specific culture and communicating with their target market in their own language using localization. A localization plan is important not only to generate interest in a company's product in the intended market but also to weigh all the advantages and disadvantages before making a choice.

Additionally, it helps businesses create marketing efforts that are successful since even the finest ads would be pointless without appropriate localization. Simply put, a lack of localization prevents certain businesses from realizing their full potential since their intended audience cannot comprehend what they are trying to say.

Increasing Need for Machine Translation for Post-Editing

One of the main prospects for software manufacturers has been noted to be the rising demand for PEMT services. Machine translation engines have been created using a variety of techniques, including RBMT, EBMT, SMT, and HMT, thanks to recent technological advancements.

In order to increase user approval, PEMT tactics encompass three main processes: identifying and classifying output mistakes, applying post-editing procedures to the output, and analyzing the impact on machine translation accuracy.

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Why Should You Switch to Electric Buses in India?

Electrification of vehicles is nothing new in the contemporary scenario. This electrification can help the people to play their part in reducing the environmental pollution caused by vehicles. After battery-powered two and three-wheelers, e-buses are also experiencing a growth, supported by many incentives from the government. Indian electric bus industry is experiencing growth and is projected to reach USD 2,766.1 million by 2030. 

Electric buses are being used throughout the country under the gross-cost contract model, which supports addressing the upfront investment the burden on cash-strapped State Road Transport Undertakings while the driving acceptance by increasing private participation.

Close to 2,000 electric buses have been deployed in India, while there are many e-bus orders is the pipeline.

Why Should You Switch to Electric Buses?

Eco-Friendly

As we all know that conventional vehicles are responsible for a large share of the pollutants that get released into the environment. Though, the lesser-known fact is that buses, despite being less than 15% of city traffic, it is the reason for more than 60% of the carbon emissions. That is why it is a big initiative to electrify public transport to diminish urban pollution. And this is not just for the air-polluting agents, but the silent nature of the electric buses is also a huge advantage for the public.

Healthier Air Quality in Cities = Better Health Outcomes 

 It’s not only the earth that is benefited from lower injurious gas emissions – with improved air quality, we would also live a longer and healthier life. A study was done in China, where the acceptance of zero-emission vehicles is moving at a fast pace, because of health benefits, 

Reduced Noise and Increased Convenience for Travellers

People commonly link public transportation as being populated, noisy, and bumpy rides. This is the main reason for the low acceptance rates of public transport as compared to private car usage. One way to surge the acceptance of public transport is to make the ride more convenient for passengers, and e-engines, not having exhaust system, are more silent than ICE vehicles. 

Lower maintenance costs

As we all know that repairs are comparatively more expensive for EVs than for traditional ICE vehicles, it is also true that electric vehicles require less maintenance. This is due to the pulsing heart of an e-bus is its battery, which makes over 40% of the total price of the vehicle and, if damaged, can be very costly to repair or replace. But, if charged and utilized carefully, an electric vehicle's battery can last a long- and will not require regular repairs.

Lower Cost of Operations

Usually, electricity is much more affordable than conventional fuels. This means that operational cost for the same route is less costly with an electric bus, as opposed to an ICE or hydrogen one. 

Hence, as electric buses emit no pollution, no noise at all, and runs at a fairly less cost, the adoption of e-buses will grow at a rapid rate in the future. 

 

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What are the Advantages of E-Bike?

We all are living in the world of technology. Gradually, technology has upgraded our lives. These days, the utmost of the nation is using e-bikes. The usage of cycle of vehicles is always better for the environment, but an E-bike is the major acceptance of green transportation of the era. Just think of an e-bike in place petrol functioned scooters rather than a normal bike. An e-bike utilizes rechargeable batteries that can travel up to 30 to 50 mph. Consequently, it is faster than the usual cycle to reach your journey's end faster and in better shape. E-bike is a growing industry and projected to reach USD 89,736 million by 2030. 

What is an E-bike and Its Types?

E-bike is an electric and power-supported bike and one of the fastest-rising technology in the bicycle market. This bicycle utilizes an electric motor to aid you along. So, you can ride it like a standard bicycle, but with much less effort.

There are mainly two kinds of electric -bikes, such as pedal assist and throttle assist. An electric-bike motor functions by robotically switching on the motor when you pedal or throttle.

A pedal-assisted electric bike is one of the most popular choices. As you pedal, the motor gets powered, and it functions. In comparison, a throttle-driven electric -bike is like a normal motorbike. It moves with acceleration of the throttle.

Advantages of E-Bikes

Eco-Friendliness

An electric -bike is an environment-friendly bike. It is very much like a normal bicycle. Nevertheless, E-bike works on electricity rather than fossil fuel; it doesn’t produce any damaging gas into the environment. And because it functions on electricity, it doesn’t generate more noise.

Health and keeping active

If you are riding a pedal-assisted electric -bike, then it is going to be healthy. When you turn the pedals, your whole-body works. So, you are receiving exercise when you ride an electric -bike.

Speed

You can ride the electric -bike with speeds up to 30 kmph while using the motor. This speed is sufficient to ride in the city or everywhere else.

This is the maximum speed permitted by the government; because surpassing this speed limit can be dangerous. You can range the fast speed as per the motor power, but motor producers limit the speed for you.

Climbing

Riding up to the mountains is problematic for a desk person. Consequently, one of the main benefits of an electric -bike is that it is simple to ride when climbing hills or mountains.

Maintenance

Usually, Electric bicycles don’t need any kind of maintenance, but to keep it clean and smooth to ride, lubricate the system and frequently check the chain and wheels.

Hence, as we all know that vehicles that run on conventional fuels are hazardous to the environment, and riding an electric -bike is beneficial for both environment and the person who is riding it and also cost-efficient, and these are the main factors that will drive the adoption of electric -bike globally.  

 

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North America Is Dominating Clinical Nutrition Market

The clinical nutrition market size stood at USD 37.8 billion in 2021, which is expected to reach USD 70.8 billion by 2030, advancing at a CAGR of 7.2% during 2021–2030, as per P&S Intelligence.

The geriatric population across the globe has been registering significant growth since the past few years. As the medical industry has made various advancements when it comes to more effective medication and medical instruments. Owing to this, the life expectancy of people has risen. However, the human body is bound to become weak as it grows old, due to which, older people fall sick more often than adults. This is why, geriatric population needs enhanced medical care frequently. 

The digestive system of old people becomes inefficient, making it hard for the body to extract the essential nutrients from the food that is consumed. In addition to this, the loss of appetite is a common problem among older people, which can further result in deficiency of nutrients. Ascribed to these factors, the demand for clinical nutrition has been increasing at a rapid pace. Clinical nutrition helps aged people to meet the needed nutrition intake. 

Other than this, the demand for enteral nutrition is also on a rise across the globe, owing to the rising prevalence of central nervous system diseases (CNS) and increasing number of cancer cases. Enteral nutritional supplements are utilized during the treatment of CNS and cancer disorders, since they ensure that patients consume all essential nutrients. Cancer results in decreased appetite, which can further lead to malnutrition. Attributed to this, enteral nutrition is consumed by cancer patients for staying relatively healthy. 

Geographically, the Asia-Pacific region is expected to emerge as the largest clinical nutrition market in the coming years, owing to the increasing aging population and surging birth rate. In addition to this, malnutrition is highly prevalent in the region, which is also projected to drive the demand for clinical nutrition in the region. The increasing disposable income of people, growing awareness regarding the benefits of clinical nutrition, and rising expenditure in the healthcare in recent years are further expected to lead to the growth of the regional domain. 

The APAC market is projected to witness the highest CAGR, of above 9%, in the coming years. This can be credited to the mounting geriatric population, snowballing birth rate, and high malnutrition rates in the region.

Hence, with the rising count of patients, booming geriatric population, and high count of prematurely born babies, the demand for clinical nutrition products continues to increase.

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