Electric Vehicle Range Extender Market Significant Profits Estimated to be Generated by 2025

The Report Electric Vehicle (EV) Range Extender Market Size, Share & Trends Analysis Report By Product, By Vehicle (Passenger, Commercial), By Component (Battery Pack, Power Converter), And Segment Forecasts, 2018 - 2025

The global EV range extender market demand is estimated to reach 494,083 units by 2025 at a 10.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. An electric vehicle (EV) range extender is an external system that helps increase vehicle range to support long-distance travel. Robust growth in adoption of fully electric passenger and commercial vehicles to reduce CO₂ emissions, coupled with extendable range and high-performance capabilities, are expected to propel market growth.

The automotive industry is considered to be the largest consumer of oil in the world, contributing to high pollution levels globally. Governments across various countries have imposed stringent regulations on automobile manufacturers to produce low/zero emission vehicles to help reduce carbon footprint.

Besides this, governments of developing countries such as China and India are providing subsidies to promote the adoption of electric vehicles. For instance, in August 2018, the Indian government announced to offer a subsidy of around 20% on purchase of new electric vehicles. However, low mileage range of EVs can be a major concern for consumers as it limits the distance traveled. To overcome this, key manufacturers such as BMW Group, General Motors, Volvo Car Corp., and Mahle Group have launched EV range extender solutions that help increase battery capacity to support long distance traveling. This has had a positive impact on market growth.

In an attempt to increase their market share and improve overall profitability, key automobile manufacturers are focused on integrating range extenders into their new EV models. For instance, BMW Group launched the BMW i3 EV integrated with a range extender solution, which enables consumers to drive longer distances. In 2016, Nissan Motors Co. Ltd. launched LEAF, an e-powered hybrid vehicle, in several APAC countries.

Key market players are also investing significant funds in R&D activities to develop innovative range extender products to extend driving range and improve battery efficiency, along with reducing overall battery price. However, increasing focus of OEMs to incorporate range extender technology in upcoming EV models, coupled with increasing trade conflicts between China and U.S., may hinder market growth over the forecast period.

Access Research Report of EV Range Extender Market @ www.grandviewresearch.com/industry-analysis/electric-vehicle-ev-range-extender-market

Further key findings from the study suggest that:

·       North America accounted for the largest market share in 2017. The regional market will witness growth with some large market players such as General Motors Co. and Magna International Inc. offering ICE and fuel cell range extenders

·       European governments are actively offering several rebates and subsidies to boost adoption of EVs. However, there is a lack of charging infrastructure as against rising EV sales, which is expected to propel demand for EV range extenders

·       Governments across the globe are continuously investing in enhancing public transport infrastructure, thereby driving adoption of electric commercial vehicles. Deployment cost of range extenders is lower than the cost involved in setting up a charging infrastructure

·       Key market players are collaborating with EV manufacturers to develop new innovative technologies that will offer alternative range extender solutions as well as incorporate range extenders in new vehicle models.

Grand View Research has segmented the global EV range extender market on the basis of product, vehicle, component, and region:

EV Range Extender Product Outlook (Volume, Units, 2015 - 2025)

·         ICE range extender

·         Fuel cell range extender

·         Others

EV Range Extender Vehicle Outlook (Volume, Units, 2015 - 2025)

·         Passenger vehicles

·         Commercial vehicles

EV Range Extender Component Outlook (Volume, Units, 2015 - 2025)

·         Battery pack

·         Generator

·         Power converter

·         Electric motor

EV Range Extender Regional Outlook (Volume, Units, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Serverless Architecture Market is Estimated To Grow at Significant Rate During The Forecast Period

The global serverless architecture market size is expected to reach USD 19.84 billionby 2025 at a 26.0% CAGR during the forecast period, according to a new study by Grand View Research, Inc. Growing demand for economizing operations and increasing profitability has been driving the market. Emergence of cloud technology, coupled with advancements in serverless computing, has further strengthened the market. As the business model of serverless operations is execution based, enterprises can eliminate the cost of provisioning and maintaining the server round the clock. Charges are billed on number of executions, which in turn, reduces cost.

Application development processes are a major beneficiary of a serverless architecture. DevOps and agile development culture within an organization are driving enterprises to change the way they develop business applications fundamentally. Monolithic applications are paving the way for application programming interface (API), micro-services, and function-based execution units, resulting in a paradigm shift of organizational mindset. These trends have changed the way enterprises approach IT infrastructure. In such an environment, serverless architecture enables organizations to streamline their operations, hire optimal resources, and allow developers to focus on core product development.

Cloud service providers (CSP) manage serverless architecture, enabling the platform to provide automatic scaling, enterprise-level global security, and promote continuous building, integration, and development efforts. Such factors positively impact an enterprise’s time-to-market, market share, and sustainability.

From a business perspective, serverless architecture eliminates the cost of hiring back-end infrastructure engineers, provides process agility, and reduces overall operational cost by a significant amount. From a developer perspective, it offers reduced liability and zero system administration as well as fosters adoption of microservices and nano-services.

However, there are several risks involved in deploying serverless architecture. As CSPs control the underlying infrastructure, users cannot customize/optimize the infrastructure to suit specific needs of an enterprise and developer. Moreover, as the organization has no control over the infrastructure, adding multiple customers on the same platform may raise security concerns. Furthermore, as a consumer, there is no authorization to do penetration tests and vulnerability scanning on infrastructure underlying the serverless offerings. Thus, increasing need for compliance concerns adopters and thereby acts as a restraint to market growth.

Access Research Report of Serverless Architecture Market @ www.grandviewresearch.com/industry-analysis/serverless-architecture-market

Further key findings from the study suggest that:

·       By service, the monitoring segment is anticipated to register the highest CAGR of 28.8% over the forecast period. The automation & integration service segment, on the other hand, holds the dominant share and was valued at USD 830.6million in 2017

·       Based on organization, the large enterprises segment is expected to retain its dominance in the market, valuing an estimated USD 13.80 billion by 2025. The SME segment is anticipated to register the highest CAGR of 28.6% over the forecast period

·       By way of vertical, media & entertainment is expected to register the highest CAGR of 30.3% over the forecast period

·       North America was valued at USD 1.32 billion in 2017 and is expected to hold a dominant revenue share in the market by 2025. Asia Pacific is anticipated to witness the highest CAGR of 29.7% over the forecast period

·       Key players in the market include Amazon Web Services Inc.; Google LLC; Microsoft Corporation; and Oracle Corporation.

Grand View Research has segmented the global serverless architecture market on the basis of service, organization, vertical, and region:

Serverless Architecture Services Outlook (Revenue, USD Million, 2015 - 2025)

·         Automation and Integration

·         API Management

·         Monitoring

·         Security

·         Support and Maintenance

·         Training and Consulting

·         Others

Serverless Architecture Organization Outlook (Revenue, USD Million, 2015 - 2025)

·         Large Enterprise

·         SME

Serverless Architecture Vertical Outlook (Revenue, USD Million, 2015 - 2025)

·         BFSI

·         Government & Public

·         Healthcare & Life Sciences

·         Manufacturing

·         Media & Entertainment

·         Retail & E-commerce

·         Telecom & IT

·         Others

Serverless Architecture Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Smart Robots Market Estimated to Increase at a CAGR of 22.4% from 2017 to 2025

The Report Smart Robots Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Application, By End Use (Industrial, Commercial, Residential), By Vertical, By Region, And Segment Forecasts, 2018 - 2025

The global smart robots market size is anticipated to reach USD 16.46 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 22.4% over the forecast period. Factors such as increasing adoption of autonomous robots for carrying out iterative tasks, rapid technological developments in robotics, and increasing investments in industrial automation have boosted the adoption of smart robots in various end use segments.

Smart robots are commonly used for performing various tasks in field applications, metal fabrication, packaging and palletizing, among others. These robots perform tasks independently as well as can work with humans in various manufacturing and maintenance operations. Smart robots are widely used in industries such as automotive and manufacturing to enhance productivity and to reduce labor cost. In addition, benefits such as minimal accidents and higher accuracy are driving the market growth.

The introduction of smart collaborative robots and Artificial Intelligence (AI) enabled systems with enhanced reliability and accuracy is expected to drive growth of the smart robots market over the forecast period. Numerous companies such as Fanuc Corporation, ABB Ltd., and Yaskawa Electric Corporation, among others, are implementing advanced robotics technologies for versatile end-use applications. This factor is anticipated to further boost the market expansion in the forthcoming years.

The industrial robot segment is anticipated to witness substantial growth in near future owing to their wide adoption in process automation in various industries. Increasing investment in industrial automation has boosted the adoption of smart robots among packaging, manufacturing, and material handling among other industries. Moreover, rising adoption of Internet of Things (IoT) and Artificial Intelligence (AI) has also encouraged end users to implement the smart robotics technology.

The market for smart robots is expected to witness volatility owing to mergers and acquisitions, high competition, and presence of new as well as well-established participants. In August 2016, Panasonic Corporation acquired OpenSynergy GmbH, a German software company. OpenSynergy is a high-tech company specializing in embedded automotive software for cockpit solutions. This acquisition is expected to enhance its business in the automotive sector.

Access Research Report of Smart Robots Market@ www.grandviewresearch.com/industry-analysis/smart-robots-market

Further key findings from the study suggest:

·       Demand for smart robots has increased over the years owing to benefits such as automation, safety, cost reduction, and reliability

·       Governments across the globe are promoting industrial automation to improve productivity

·       The Asia Pacific region is projected to witness remarkable growth over the forecast period owing to increasing application of smart robots in manufacturing and automotive industries

·       The market is expected to grow at exponential pace as numerous diverse applications come to light and different types of niche products including application specific robots are commercialized

·       Key players in the smart robots market include ABB Ltd., Kuka AG, iRobot Corporation, and Fanuc Corporation, among others.

Grand View Research has segmented the global smart robots market based on component, application, end use, vertical, and region:

Smart Robots Component Outlook (Revenue, USD Million, 2014 - 2025)

·         Hardware

·         Software

·         Service

Smart Robots Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Industrial Robots

·         Service Robots

Smart Robots End Use Outlook (Revenue, USD Million, 2014 - 2025)

·         Industrial

·         Commercial

·         Residential

Smart Robots Vertical Outlook (Revenue, USD Million, 2014 - 2025)

·         Automotive

·         Healthcare

·         Manufacturing

·         Food & Beverages

·         Retail

·         Energy & Utility

·         Others

Smart Robots Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Mobile POS Terminals Market to Reap Excessive Revenues By 2022

The Global Mobile POS Terminals Market is expected to reach USD 42.99 billion by 2022, according to a new study by Grand View Research, Inc. Mobile POS terminals have evolved from basic payment processing tools to advanced analytics solution providers with greater processing capability and wireless communication support. The inflection of these terminals came with the adoption of consumer grade devices such as tablets for business use. Ubiquitous wireless connectivity such as the Bluetooth, availability of mobile printers, scanners, card readers and peripheral devices; and multiple platform support have driven the mobile POS terminals market in various applications.

Sophisticated data analytics, growing credit card payments and ever-changing consumer expectations are expected to spur the mobile POS terminals industry. This growth has encouraged retailers to leverage new applications and strategies to deliver seamless customer experience. Mobile applications have the ability to create new channels for revenue growth; as a result, vendors are increasingly trying to understand various marketing channels available in order to leverage technology to compete. Flexibility of having a tablet-based mobile POS owing to low installation costs has attracted SMBs to invest in this technology. Reduced customer time in line, increased security, free floor space and paper-free receipting services are the features driving mPOS terminals demand over traditional or fixed terminals.

The growing penetration of tablet devices, rising base of SMBs and micro-merchants, need for effective line-busting schemes to encourage card adoption are expected to propel market growth over the coming years. However, lack of standardization and data security concerns may restrain mobile POS terminals market growth. Increased penetration of Near Field Communication (NFC) in mobile devices is expected to augment demand. 

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http://www.grandviewresearch.com/industry-analysis/mobile-pos-terminals-market

Further key findings from the study suggest:

·       The mobile POS terminals market primarily includes components such as hardware and software. Mobile POS hardware systems accounted for majority of the market share in 2014; the segment is expected to lose market share through the forecast period. The software segment is expected to witness growth as consumers shift towards the use of consumer-grade electronics devices such as tablets for managing their POS needs.

·       Retail segment accounted for over 30% of the overall market share in 2014. Growing adoption of mobile POS technology across SMBs and micro-merchants is expected to drive segment growth.

·       Asia Pacific and Latin America mobile POS terminals market are expected to witness substantial growth over the forecast period. This may be primarily attributed to increasing low-cost manufacturing activities in the region. Surge in demand across application segments is expected to spur the regional market.

·       Notable companies operating in the industry such as Verifone, Ingenico, and Micros Systems provide various handheld and tablet-based mobile POS solutions. Verifone Systems introduced these solutions for SMBs along with iPayment to address the need of the marketplace.

Grand View Research has segmented the mobile POS terminals market on the basis of component, application and region:

Mobile POS Terminals Component Outlook (Revenue, USD Million, 2012 - 2022)

·         Hardware

·         Software

Mobile POS Terminals Application Outlook (Revenue, USD Million, 2012 - 2022)

·         Restaurants

·         Hospitality

·         Healthcare

·         Retail

·         Warehouse

·         Entertainment

·         Others

Mobile POS Terminals Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com