APAC Electric Scooters and Motorcycles Market Analysis 2018-2025

The APAC electric scooters and motorcycles market is projected to reach 31.2 million units by 2025, according to P&S Intelligence.

The growth of the market is majorly driven by the rising urbanization in the growing economies of the APAC region such as India and China, the increasing demand for the means of transport in small cities in the APAC region, and the growing environmental concern and awareness.

Insights into market segments

On the basis of battery type, the APAC electric scooters and motorcycles market is segmented into sealed lead acid (SLA) and lithium-ion (Li-ion) batteries. Among these, the volume sales of the SLA category accounted for a larger share, accounting for 85% contribution in 2017. However, the Li-ion category is expected to grow at a faster rate when compared to the SLA category during the forecast period, owing to their light weight and longer expected life.

On the basis of technology, the APAC electric scooters and motorcycles market is segmented into plug-in and battery types. Among these, the plug-in category recorded higher sales by volume, accounting for more than 90% share in the market in 2017. The category is expected to continue its dominance in terms of size against the battery category during the forecast period as well, owing to ease of convenience and the lack of battery swapping infrastructure in the region.

The ever increasing urbanization in the developing nations of APAC are expected to benefit the sales of the electric scooters and motorcycles in the region during the forecast period. The developing economies like India and China primarily contribute to this rapid urbanization. In general, the travel needs of the population in such economies involve short and frequent rides, which can drive the growth of APAC electric scooters and motorcycles market.

Rising urbanization and increasing demand for lighter modes of transport expected to boost the market growthIncreased environmental concern and awareness raised by the government promoting the growth of the market

Governments of various countries in the region have been trying to raise awareness among the masses to adopt eco-friendly means of transport (electric, and hybrid-electric) through their awareness programs and initiatives. Also, the increased environmental concern for the degrading air quality by responsible institutions promoted the growth of the market in the recent past. Also, some of these nations provide subsidies for electric two-wheelers; for example, the government of India provides subsidy for the purchase of electric two-wheelers, thereby driving the APAC electric scooters and motorcycles market growth.

Some of the key players in the APAC electric scooters and motorcycles market are Yadea Group Holdings Ltd., AIMA Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Dongguan Tailing Electric Vehicle Co. Ltd., and VMOTO Limited.

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Automotive Regenerative Braking Systems Market - Rising Environmental Concerns Aiding Market Growth

The stringent government policies implemented for controlling greenhouse gas (GHG) emissions from vehicles and a shift toward cleaner vehicles are the key factors driving the growth of the automotive regenerative braking systems (RBS) market. In 2017, the market generated a revenue of $6,555.6 million, and it is predicted to progress at a CAGR of 18.6% during forecast period 2017–2023. These systems convert kinetic energy into electricity to charge the vehicle’s battery.

Based on storage type, the automotive regenerative braking systems market is categorized into ultracapacitors, batteries, flywheels, and hydraulics. Out of these, in 2017, the batteries category held the largest revenue share, of more than 70.0%, and it is predicted to maintain its dominance during the 2017–2023 period. This is attributed to the high installation rate of battery-based RBSs in passenger cars. However, ultracapacitors have superior charge-discharge properties, and even at –40 °Celsius, they burst high power, which is why these are anticipated to be the fastest growing category during the forecast period.

On the basis of vehicle type, the automotive regenerative braking systems market is bifurcated into passenger cars and commercial vehicles. Of the two, the passenger cars bifurcation is anticipated to lead the market during 2017–2023. This is ascribed to the accelerating sale of hybrid and electric passenger cars and extensive installation of RBS systems in these vehicles. Further, due to stringent government regulations, many automotive manufacturers have started using RBS in their vehicles to curb the GHG emission and boost fuel efficiency.

For instance, in 2015, the European Union implemented regulations focusing on a decarbonized transportation system. The policies aim at controlling the carbon dioxide emission to 95 grams per km for all passenger cars by 2021. Furthermore, as per the regulation, automakers are liable for fines (excess emission premium) which shall be levied as $105.07 for the first crossed CO₂ gram from 2019 onward. Besides, in order to encourage eco-friendly components, EU has started an incentive program, called Supper Credit, for automakers who limit the carbon emission below 50 grams per km.

Further, the surging number of vehicles on the roads have resulted in the rapid depletion of fossil fuel reserves. To check the reduction, various legislative bodies around the world have formulated regulations to control the fuel consumption per vehicle. For instance, in 2015, the European Commission regulated the fuel usage to 4.1 liters (petrol) for every 100 km and 3.6 liters (diesel) for passenger cars for each 100 km till 2021.

RBS stores around half the vehicle’s kinetic energy lost during traditional braking and decreases the fuel consumption by up to 30.0%. The retained energy is saved in energy storage units and used for various other applications, such as supplying power to headlights and phone charging units and for the start-stop process. Thus, in order to follow government regulations, the automobiles are being installed with RBS to reduce the GHG emission and increase fuel economy, thereby resulting in the growth of the automotive regenerative braking systems market. 

Hence, stringent government regulations and increasing adoption of RBS in the automobiles is augmenting the market growth...Read More

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North America Is Expected to Maintain Its Dominance in the Global Market of Computed Tomography During 2016-2022

The global CT market is growing at a significant rate, due to increasing healthcare expenditure, and growing geriatric population. The increasing prevalence of chronic diseases and improving healthcare infrastructure in developing countries are also driving the growth of the global computed tomography market. However, the factors such as stringent regulatory requirements for the approval of CT devices, and side effects of ionization radiation are inhibiting the growth of the global market.

The information and data in the publication “Global Computed Tomography Market Size, Share, Development, Growth and Demand Forecast to 2022” represent the research and analysis of data from various primary and secondary sources. The bottom-top approach has been used to calculate the global market size by slice type and end user. 

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The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with authorities from leading companies of the concerned domain, to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online, and offline research.

Geographically, North America dominated the global market of CT in 2015; whereas the Asia-Pacific market is expected to witness the fastest growth, at a CAGR of 5.8%, during the forecast period.

Some of the key companies operating in the global CT market include Hitachi Ltd., Siemens AG, Toshiba Corporation, Samsung, General Electric Company, and Koninklijke Philips N.V.

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What are the market space and limitations by the industrial brakes key sellers?

The industrial brakes market is predicted to grow significantly due to the expanding construction and manufacturing industries and rising adoption of industrial internet of things (IIoT)-based sensors in manufacturing equipment. In 2016, the market valued at $830.3 million, and it is predicted to advance at a CAGR of 4.5% during the forecast period (2017–2023). Industrial brakes offer braking solutions in cranes, packaging machines, and construction machinery and equipment. These brakes, through consistent quality and automation, can increase a plant’s production capacity with minimum human supervision. 

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Based on type, the industrial brakes market is broadly classified into drum and disc brakes, spring brakes and mechanically, hydraulically, electrically, and pneumatically-applied brakes. Out of these, in 2017, electrically applied brakes led the market with a revenue contribution of more than 30.0%, and these are predicted to maintain their lead during the forecast period. This is ascribed to the fact that these brakes offer better performance and reliability over other types. Besides, these can be used for precision and accurate braking in automated packaging machines and industrial robotics. 

On the basis of application, the industrial brakes market is categorized into tension, holding, and dynamic and emergency brakes. Among these, in 2017, the holding brakes category held the largest share, of more than 55.0%, in the market, and it is expected to continue dominating it during the 2017–2023 period. The equipment and machinery in manufacturing units generally face heavy raw material loads during their processing and movement within the space. Thus, these brakes are important in hoisting and lifting payloads and platforms, as well as in material handling and lifts and escalators. 

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Investments are being continuously made in the manufacturing niche for improving the production efficiency through automation. The increasing rate of industrial automation is boosting the adoption of automated equipment and machines. For instance, as per the National Association of Manufacturers, in 2016, the total contribution made by the manufacturers to the U.S. economy, as a result of automation stood at $2.18 trillion. Talking of investments, according to an India Brand Equity Foundation report, in 2016 during April–November, the manufacturing niche observed a foreign direct investment worth $16.13 billion. 

In recent years, developing economies, such as India, China, and several in Africa, have been experiencing significant growth and are anticipated to do so during the forecast period as well. The surging demand for manufacturing and construction equipment is predicted to accelerate the use of industrial brakes, thereby thriving the industrial brakes market. Furthermore, with rapid industrialization, urbanization, and electrification in developing countries, the construction and manufacturing industries are projected to grow significantly during the forecast period. 

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The penetration of industrial internet of things (IIoT) has fueled sensors’ application scope in industrial machinery. With the use of IIoT-based sensors, machines in industrial applications are able to apply emergency brakes in case of any mishap with the help of artificial intelligence-backed systems. Moreover, the proximity sensors installed near the machinery and assembly stations also improve the operation of automated brakes in different industries by improving the workstation safety. This is predicted to offer profitable opportunities to the manufacturer operating in the market. 

Thus, with the expanding construction and manufacturing industries and technological advancements in industrial equipment, the industrial brakes market is progressing.

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Growing Biomedical Research and Focus on Personalized Medicine to Aid Cell Isolation Market

The global cell isolation market accounted for $4.6 billion revenue in 2017, and it is expected to attain a CAGR of 18.8% during the forecast period (2018–2023). The demand for cell isolation products and services is increasing due to the rise in requirement for biopharmaceuticals, growing research activities in personalized medicine, and increasing government funding for research. Cell isolation is the separation of one or multiple types of cells from a heterogenous cell population.

It has become an integral step in biological research, and routine diagnosis and treatment of certain diseases. Some cell types, such as blood cells, naturally exist in a separated form and thus can be isolated by employing centrifugation, whereas some others exist as solid tissues that require specific techniques to isolate the individual cell type. The global cell isolation market is witnessing growth owing to the rising demand for biopharmaceutical products derived from natural sources, such as plants, animals, and humans, that are easier to manufacture than conventional pharmaceuticals.

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Biopharmaceuticals include monoclonal antibodies, recombinant proteins, and biosimilars, the manufacturing of which starts with cell separation and isolation techniques. Biopharmaceuticals are heavily employed to treat chronic conditions, mostly cancer, such as chronic myelogenous leukemia and melanoma. They are also used in various diagnostic assays, such as enzyme-linked immunosorbent assays (ELISA) and radioimmunoassay (RIA). Another major contributing factor to the growth of the cell isolation market is the increasing government funding in biomedical research.

The market is segmented by product, application, cell type, end user, geography, and technique. The product segment is categorized into instruments and consumables. During the forecast period, the consumables category is expected to attain the faster growth at a CAGR of 19.3%. This increase is attributed to the rising demand for various kits, media, beads, sera, reagents, and disposables that are required during the cell isolation process. On the basis of application, the cell isolation market is subdivided into tissue regeneration, stem cell research, cancer research, in-vitro diagnostics and therapeutics, and biomolecule isolation.

GLOBAL CELL ISOLATION MARKET SEGMENTATION

Market Segmentation by Product

·         Consumables

o    Reagents, Kits, Media, and Sera

o    Beads

o    Disposables

·         Instruments

o    Centrifuges

o    Flow Cytometers

o    Filtration Systems

o    Magnetic-Activated Cell Separator (MACS) Systems

Market Segmentation by Cell Type

·         Human Cells

·         Animal Cells

Market Segmentation by Technique

·         Centrifugation

·         Surface Marker

·         Filtration

Market Segmentation by Application

·         Biomolecule Isolation

·         Cancer Research

·         Stem Cell Research

·         Tissue Regeneration

·         In Vitro Diagnostics

·         Therapeutics

Market Segmentation by End User

·         Research Laboratories and Institutes

·         Hospitals and Diagnostic Laboratories

·         Cell Banks

·         Biotechnology and Biopharmaceutical Companies

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How is Need for Less-Harmful Alternatives to Tobacco Smoking Driving South Korean E-Cigarette Market?

Growing awareness about the ill-effects of tobacco smoke inhalation and technological advancements are leading to the growth of  South Korea e-cigarette market globally. From $874.3 million in 2018, the market is predicted to expand to $3.5 billion by 2024 at a 24.3% CAGR during the forecast period (2019–2024).

Electronic cigarettes do not contain tobacco, rather come with a nicotine solution in a refill or vial, which, on being burnt, creates mist instead of smoke.

The product segment of the South Korean e-cigarette market is categorized into t-vapor, vaporizer, vape mod, and cig-a-like. Among these, vaporizers dominated the market during the historical period (2014–2018) in terms of volume and value, as these offer a similar experience provided by traditional cigarettes.

While these will keep leading the market in the forecast period, t-vapors would experience the highest revenue CAGR (30.6%), with global brands competing intensely to capitalize on their growing popularity.

The various distribution channels for e-cigarettes in the country include vape shops, tobacconists, hypermarkets/supermarkets, and online platforms. Among these, hypermarkets/supermarkets, vape shops, and tobacconists accounted for almost 65.0% value share in the South Korea e-cigarette market in 2018.

During the forecast period, online channels will experience the fastest growth as manufactures are increasingly using them to sell their products. As the health effects of such products are still unclear, the national government increased the taxes on e-cigarettes by 117.0% in 2015, making manufacturers look for alternative sales platforms.

South Korea E-Cigarette Market Segmentation

Market Segmentation by Product

• Cig-a-like
  • Disposable
  • Rechargeable
• Vaporizer
  • Open tank
  • Closed system
• Vape Mod
• T-Vapor
  • Heat-not-burn
  • Infused

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Bottled Water Market is Expecting Worldwide Growth

Drinking water packed in glass or plastic bottles is referred as bottled water. Bottled water may or may not be carbonated. Bottled water continues to be a popular choice of consumers despite the carbonated soft drinks having established. Water sold in large bottles holding one to 2.5 gallons is relatively cheaper compared to carbonated water sold at higher prices per gallon. Increasing inclination of consumers from high calorie carbonated soft drinks to low calorie healthier options, such as bottled water, are driving the growth of global bottled water market.

Bottled water contributes a large portion in the global soft drinks industry. With increasing responsiveness among consumers about being hydrated by drinking safe water is driving the growth of global bottled water market. The demand and consumption of bottled water varies significantly from one region to another region. Increasing economic stability and urbanization in developing countries, such as China, Brazil, India and Mexico, is generating demand for bottled water. In emerging countries, consumer awareness towards the safe and clean water had driven the growth of the bottled water market.

Availability of convenience packaging and inability of the governments to provide reliable and safe drinking water are various other factors persuading the growth of global bottled water market. Bottled water market is less affected by fluctuating prices of raw materials. As water, which is the prime raw material used, is found in abundance, the bottlers’ sales margin depends on the price of plastic used for making the bottles.

Geographically, Asia-Pacific dominates the global bottled water market, followed by Europe. However, developing countries in Asia-Pacific such as India and China are expected to be the fastest growing regional market of the bottled water during the coming years. The expansion of bottled water market in developing countries is attributed to shifting inclination in drinking habits toward more hygienic drinking alternatives, rising disposable income, high consumption volume of water, and growing consumption of functional water in the region.

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Some of the major players in the global bottled water market include PepsiCo Inc., Nestle Waters, Groupe Danone, Icelandic Water Holdings ehf, The Coca- Cola Company, Mountain Valley Spring Company, LLC, Hangzhou Wahaha Group Co., Ltd., Sunny Delight Beverages Company, and Balance Water Company.

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