In-Wheel Motor Market: Luxury Vehicle Class To Rake at 36.6% CAGR During 2021-2030

[345 Pages Research] In-wheel motor market to surpass $12,041.50 million by 2030; Luxury vehicle to garner 36.6% CAGR; Air cooling type to rake 37.7% CAGR.

PORTLAND, ORAGON, UNITED STATES, September 29, 2021 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “in-wheel motor market by propulsion type, vehicle type, vehicle class, cooling type, power output type and weight: global opportunity analysis and industry forecast, 2021–2030,” the global in-wheel motors market was valued at $577.20 million in 2020, and is projected to reach $12,041.50 million by 2030, registering a CAGR of 35.8% from 2021 to 2030.

Asia-Pacific dominates the market, in terms of revenue, followed by Europe, North America, and LAMEA. China dominated the global in-wheel motor market share in 2020. Singapore is expected to grow at a significant rate during the forecast period, owing to increase in demand for vehicles equipped with advanced features across the region.

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An in-wheel motor is an essential part of transmission assembly, which is used to drive wheels of electric vehicles, thereby offering better control to vehicle. Automotive in-wheel motors are used in all electric vehicles, including passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). In-wheel motor systems are employed to improve performance of various electric vehicles. In-wheel motor helps to supply torque to the associated tires and generate more power to enhance vehicle’s efficiency. Therefore, this leads to growth of the in-wheel motor market.

Numerous developments that are carried out by top manufacturers such as NSK, NTN Corporation, and Schaeffler toward introduction of numerous propulsion features in vehicles has also created a wider space for growth of the in-wheel motor market. Moreover, with launch of autonomous vehicles, demand for efficient in-wheel motors is expected to increase, which is expected to create numerous opportunities for operating companies to develop advanced products that leads to growth of the market.

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The global in-wheel motor market is segmented into propulsion type, vehicle type, vehicle class, cooling type, power output type, weight, and region. By propulsion type, the global market has been segmented into battery electric vehicles (BEV), hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV). By vehicle type, the global market has been segmented into passenger cars and commercial vehicles. By vehicle class, it is segmented into mid-priced and luxury. By cooling type, it has segmented into air cooling and liquid cooling. By power output type, it is segmented into up to 60 KW, 60–90 KW, and above 90 KW. By weight, it is divided into less than 20 kg, 20 kg to 30 kg and more than 31 kg. By region, the global market has been segmented into North America, Europe, Asia-Pacific, and LAMEA.

Factors such as high demand for safety and convenience features, rise in demand for electric vehicles, and stringent safety regulations set by governments for the automotive industry supplements growth of the global in-wheel motor market. Moreover, high manufacturing cost and decrease in global vehicle production hampers growth of the global market. However, wide number of applications employing use of electric motors and increase in penetration of electric vehicles are the factors that are expected to provide lucrative opportunities, thereby supplementing growth of the global in-wheel motor market.

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Key Findings Of The Study

By propulsion type, the battery electric vehicles segment is expected to register a significant growth during the forecast period.
Depending on vehicle type, the commercial vehicle segment is anticipated to exhibit significant growth in the future.
By vehicle class, the luxury segment is anticipated to exhibit significant growth in the future
By cooling type, the air cooling segment is anticipated to exhibit significant growth in the future
By power output type, the above 90 KW segment is anticipated to exhibit significant growth in the future
By weight, the 20 kg to 30 kg segment is anticipated to exhibit significant growth in the future
LAMEA is anticipated to register the highest CAGR.

COVID-19 IMPACT ANALYSIS

COVID-19 outbreak impacted the automotive industry significantly, which in turn, resulted in substantial decline in automobile sales, shortage of raw material, and others.
Automotive industry players are facing issues such as complete halt of production activities and mandated plant closures by governments.
Loss of production is anticipated to increase if the lockdown in countries is extended.
Global sales of light vehicles have dropped down by around 20% (Y-o-Y) from 6,335 thousand in February 2019 to 5,077 thousand in February 2020.
Demand for automobiles experienced a decline in all parts of Europe and North America, owing to surge in quarantine measures and increase in COVID-19 cases across the world.

The key players operating in the global In-wheel Motor market includes Ecomove GmbH, Elaphe Ltd., e-Traction B.V., Lordstown Motors, MW Motors, NSK, NTN Corporation, Schaeffler AG, Nissan Motor Company, LTD., and Ziehl-Abegg SE.

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Source: EIN Presswire

Heavy Commercial Vehicle HVAC Market: Automatic Type To Grow at 7.8% CAGR During 2021-2027

[434 Pages Research] Heavy Commercial vehicle HVAC market to surpass $ 2,401.7 million by 2027; Transit buses vehicle type to rake at 6.8% CAGR.

PORTLAND, ORAGON, UNITED STATES, September 29, 2021 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “Heavy Commercial Vehicle HVAC Market by Type, Vehicle Type, Sales Channel, Input, and Vehicle Type by Propulsion: Global Opportunity Analysis and Industry Forecast, 2011–2027,” The global heavy commercial vehicle HVAC market was valued at $ 1,145.7 Million in 2010, and is projected to reach $ 2,401.7 Million by 2027, registering a CAGR of 6.5% from 2021 to 2027.

In terms of revenue, Asia-Pacific leads the market, followed by Europe, North America, and LAMEA. The rise in adoption of HVAC systems by transportation companies to augment customer experience is set to propel the growth of the heavy commercial vehicle HVAC market. U.S. dominated the heavy commercial vehicle HVAC market share in 2020 and is expected to grow at a significant rate during the forecast period. HVAC systems are increasingly being used to provide safe and comfortable cabin experience for the drivers in major North American economies.

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HVAC systems are being used by truck and bus fleet owners to provide a safe and comfortable journey to its drivers and passengers. In addition, heavy commercial vehicle operators are upgrading their vehicles due to the increased demand for luxury and safety automotive technologies across the world. The automatic HVAC systems are the most preferred category by heavy commercial vehicle owner and the segment is expected to grow at a significant rate owing to the regulations and laws being implemented by governments across the world to increase vehicle safety.

By input, the heavy commercial vehicle HVAC market is segregated engine-powered HVAC and electric-powered HVAC. In 2020, the engine-powered HVAC segment dominated the input segment, owing to the low cost and simple installation procedure of the engine powered HVAC systems. The adoption of electric drivetrain by heavy commercial vehicle manufacturers and the development of high capacity energy storage solutions provides a lucrative growth opportunity for the electric-powered HVAC systems during the forecast period.

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Factors such as increase in demand for thermal system and automatic climate control features in heavy vehicles, development of Intelligent Transport System and increase in demand for electric buses accelerate the growth of the global heavy commercial vehicle HVAC market. However, high installation and maintenance cost hamper the growth of the heavy commercial vehicle HVAC market. Conversely, development of eco-friendly refrigerants, increase in demand for HVAC systems from developing nations, and augmented safety & comfort through the adoption of HVAC systems are expected to provide lucrative opportunities for the expansion of the growth of the global heavy commercial vehicle HVAC market. Moreover, the fluctuating price of raw materials used in making automotive HVAC systems and adverse effect of HVAC systems on a range of the automobile are the challenging factors for the growth of the global heavy commercial vehicle HVAC market.

COVID-19 Impact Analysis

The COVID impact on the heavy commercial vehicle HVAC market is unpredictable and is expected to remain restricted till the second quarter of 2021.
The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain the spread of the virus. Consequently, several organizations started work from home programs as safety measures. This led to sudden fall in demand for automobiles across the world.
Moreover, nationwide lockdowns disrupted the supply-chain as several manufacturing facilities across the globe had to partially or fully shut down their operations.
The adverse impacts of the COVID-19 pandemic resulted in huge supply-demand issues globally.

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Key Findings Of The Study

By vehicle type, the intercity buses segment is expected to register a significant growth during the forecast period.
By type, the automatic segment is anticipated to exhibit significant growth in the near future.
By sales channel, the Original Equipment Manufacturers segment is anticipated to exhibit significant growth in the near future
By input, the electric powered HVAC segment is anticipated to exhibit significant growth in the near future
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global heavy commercial vehicle HVAC market include Coachair Pty Ltd., Denso Corporation, Eberspächer Gruppe GmbH & Co. KG, Grayson Thermal Systems, Zhengzhou Guchen Industry Co., Ltd., Internacional Hispacold Sa, Japan Climate Systems Corporation, Konvekta AG, MAHLE GmbH, Mobile Climate Control, Inc., ProAir LLC, Sanden Holdings Corporation, Sidwal Refrigeration Industries Pvt. Ltd., Subros Limited, SUTRAK Corporation, Trane Technologies PLC, TransACNR, Valeo, and Webasto Group.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
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Source: EIN Presswire

CloudRail and TensorIoT Join Forces to Improve Operations at Manufacturing Companies

New joint rapid deployment package simplifies gathering and visualization of industrial machine data, regardless of equipment type or age.

IRVINE, CA, USA, September 28, 2021 /EINPresswire.com/ — CloudRail and TensorIoT are excited to announce they are working together to improve operational efficiency in manufacturing and other industrial segments by simplifying both the collection of live operational data, regardless of machine age or type, as well as the visualization and analysis of the data to increase companies’ situational awareness and provide actionable insight.

SmartInsights from TensorIoT, powered by AWS, provides customers with live access to operational data from anywhere in the world. SmartInsights gathers data automatically from modern manufacturing and other industrial machines, based on the widely available OPC UA standard. Unfortunately, with the average age of industrial machines exceeding 15 years, connections to older machines have been problematic and can prevent many industrial companies from achieving the benefits of Industry 4.0 digital transformation.

CloudRail provides customers with a simple approach to collect data from new and legacy equipment, most notably by enabling a catalog of over 12,000 different industrial sensors to deliver data to the cloud. Unfortunately, many customers struggle to transform collected data into useful information and end up drowning in data while starving for actionable insight to improve operating efficiency.

By combining forces, CloudRail and TensorIoT are greatly simplifying the digital transformation journey for manufacturers and other industrial companies. Through sensor data captured via CloudRail, industrial companies no longer must settle for collecting data from only their newest machines. And through visualizations and analytics provided by TensorIoT SmartInsights, these same companies can quickly transform huge quantities of machine data into information to improve operations.

Available through the AWS Marketplace, the SmartInsights Rapid Deployment Offer with CloudRail provides all the hardware and software essentials for an initial deployment. The package includes a CloudRail.Box edge gateway, an IFM IO-Master module supporting up to eight sensors, a choice of up to three sensors from a selection of common sensors, a one-year CloudRail.DMC subscription and a one-year SmartInsights subscription. Customers can then add up to 8 IO-Master modules per CloudRail gateway and install as many gateways per site as needed to cover even the largest industrial environments.

Edge gateway and related sensor hardware will be delivered to the customer premises and SmartInsights software will be deployed in the customer’s own AWS instance, giving customers full ownership and control of their data from sensor to cloud. SmartInsights can be licensed for additional sites for a flat per site annual fee regardless of the number or users or volume of data.

“We are delighted to be partnering with TensorIoT,” said Felix Kollmar, Managing Director at CloudRail, “as we share the common purpose of helping manufacturers modernize and improve operations.”
“CloudRail is a clear leader in data collection,” commented John Traynor, Vice-President of Products at TensorIoT, “and the first and largest problem we see with many industrial customers is how to collect data from legacy equipment that may be decades old.”

The new SmartInsights Rapid Deployment Package with CloudRail will be available in all regions of the world from the AWS Marketplace and from TensorIoT and CloudRail directly.

##

About TensorIoT Inc.: TensorIoT is an AWS Advanced Consulting Partner that has achieved the AWS IoT Competency, AWS Machine Learning Competency, AWS Industrial Software Competency, AWS Machine Learning Operations Competency, AWS Applied AI Competency, AWS Retail Competency and AWS Travel & Hospitality Competency designations. The company also has multiple AWS Service Delivery credentials for AWS IoT services. Founded by a former AWS employee, TensorIoT has delivered successful projects across the world in the IoT & ML space and has offices in the U.S. (California, Washington, Nevada, Texas, Virginia, Florida), the UK, India, and Japan. TensorIoT is customer obsessed and practices the AWS leadership principles. With its deep experience delivering complete end-to-end solutions, from edge devices to end users in IoT, or data engineering to automated ML pipeline, the company’s team of AWS certified architects can quickly assist customers in realizing their technology and business goals.

About CloudRail: CloudRail is an IIoT expert based in Germany, with its North American headquarters in Detroit, Michigan. The company offers a fully managed solution to acquire data from industrial environments and send it to AWS services like IoT Core, IoT SiteWise or Greengrass — Plug&Play. CloudRail works for greenfield as well as brownfield applications. It uses industry standards like OPC-UA to connect modern equipment, while old machines are retrofitted with secondary sensors. A database of over 12,000 sensor definitions in combination with automated data normalization and device provisioning reduces the setup time for connecting industrial machines to the cloud from weeks to just hours. Besides faster time to value for IIoT projects, CloudRail provides a cloud-based device management solution which allows enterprise customers to securely roll-out, manage, and update thousands of globally distributed edge devices. As CloudRail works closely with sensor expert IFM Electronics, the hardware and industrial sensors are available in more than 95 countries.

Media Enquiries:
TensorIoT: Destinee Alderete, destinee@tensoriot.com, www.tensoriot.com
CloudRail: Jill Mannaioni, jill.mannaioni@cloudrail.com, www.cloudrail.com

Destinee Alderete
TensorIoT
+1 909-342-2459
email us here


Source: EIN Presswire

Tecknologia – PRINCE2 Accreditation

Tecknologia Limited

Tecknologia Limited

PRINCE2 Trainings by Tecknologia

PRINCE2 Trainings by Tecknologia

Tecknologia has been accredited by PeopleCert as accredited training partner for PRINCE2 courses.

If you believe (effective) training is expensive, try ignorance!”

— Peter Drucker

ILFORD, ESSEX, UNITED KINGDOM, September 28, 2021 /EINPresswire.com/ — Tecknologia is pleased to announce that it has received the approval for its accreditation application which now allows Tecknologia to deliver PRINCE2 trainings.

Project IN Controlled Environments (PRINCE2) is a project management method widely adopted around the world, used by people and organizations from wide-ranging industries and sectors. PRINCE2 provides a tried and tested project management method from which organisations and individuals can benefit.

Tecknologia is a diversified Technology Services, Consulting and Training provider, focused on improving value delivery for organisations through strategic alignment between initiatives and business objectives. Supported by decades of professional experience, Tecknologia is establishing itself as a global leader in Technology Services, Consulting and Training provision.

Tecknologia will be offering PRINCE2 Foundation and Practitioner courses (separately and combined as a package) to professionals across the globe.

A Chaudhry
Tecknologia
+44 2081264500
info@tecknologia.co.uk
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Source: EIN Presswire

Openforce Announces Partnership With Fluid Truck

Openforce + Fluid Truck

Openforce + Fluid Truck

Partnership enables independent contractors using the Openforce platform to rent vehicles within minutes through Fluid Truck’s user-friendly app

I’m excited to partner with Openforce, whose technology, like ours, removes barriers and simplifies processes, making working as an independent contractor easier and more affordable. Everybody wins.”

— James Eberhard, Fluid Truck CEO

PHOENIX, AZ, UNITED STATES, September 28, 2021 /EINPresswire.com/ — Openforce, the leading software technology platform for managing commercial relationships between contracting companies and their 1099 independent contractor (IC) workforce, today announced its partnership with Fluid Truck as part of its contractor benefits program. This program offers exclusive savings through Fluid Truck’s app, which allows independent contractors to more seamlessly rent vehicles located nearby within minutes.

“Openforce’s mission is to empower independent contractors to work without limits. Fluid Truck is very aligned in this mission with its app, which provides faster and easier vehicle rentals on a 24/7, 365 days a year basis. A partnership with Fluid Truck is a natural fit for our benefits program,” said Wendy Greenland, CEO of Openforce.

Independent contractors utilizing this benefit will have access to a wide array of trucks, vans, SUVs, and more at their fingertips using their mobile devices. With vehicles located all around the country, Fluid Truck offers an entirely virtual rental experience – eliminating the hassle of waiting in line, operating around restrictive business hours, and wasting time with unnecessary paperwork.

“Fluid Truck’s innovative technology enables easy and efficient vehicle sharing,” said James Eberhard, CEO of Fluid Truck. “I’m excited to partner with Openforce, whose technology, like ours, removes barriers and simplifies processes, making working as an independent contractor easier and more affordable. Everybody wins.”

Contracting companies that utilize Openforce’s platform and its contractor benefits program, typically experience 30% higher driver retention when compared to the industry average. This is because each benefit within the program is specifically designed to keep 1099 workers engaged long-term and thrive as independent business owners.

The mission of Openforce is to simplify everything independent contractor and empower the world to work without limits. In addition to their contractor benefits program, Openforce’s technology platform also delivers powerful recruiting, onboarding, settlement, compliance and risk mitigation solutions including active driver MVR monitoring and safety education services. Each solution is designed to empower contracting companies and 1099 contractors to work under a smarter independent contractor workforce model, and to get drivers on the road faster equipped with the tools they need. For more information on the contractor retention program, visit Openforce’s information page, or contact Openforce directly at sales@oforce.com.

About Openforce
Openforce® is the leader in technology-driven services that reduce operating costs and mitigate compliance risk for companies using independent contractors. Openforce frees contracting companies from the burden of onboarding, contracting, and settlement processing while helping contractors build their business. Our cloud-based applications help businesses achieve more sustainable, profitable growth by removing financial, operational and compliance barriers to getting business done. Openforce is a portfolio company of Boston-based private equity firm Riverside Partners.
Learn more at www.oforce.com.

About Fluid Truck
Fluid Truck is a technology-based truck sharing platform that offers 24/7 mobile access to a wide array of trucks, vans, SUVs, and more. Unlike most traditional rental companies, Fluid Truck offers an entirely virtual rental experience — eliminating the hassle of waiting in line, operating around restrictive store hours, and wasting time with unnecessary paperwork.
Learn more at www.fluidtruck.com.

Marketing
Openforce
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media@oforce.com
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Source: EIN Presswire

KARMAKISS Partners with GlobalShopex to Offer Cross Border eCommerce

GlobalShopex International eCommerce Logistics Solution

International eCommerce Logistics Solution

Unique Gifts and Home Decor

Unique Gifts and Home Decor

The eCommerce expansion allows KARMAKISS to sell products to over 200 international markets with a seamless, fully integrated, crossborder fulfillment solution

MIAMI, FLORIDA, UNITED STATES, September 28, 2021 /EINPresswire.com/ — KARMAKISS is born with the goal to create fun, simple and innovative gifts and home decor items and now has launched international e-commerce and shipping capabilities through a partnership with GlobalShopex.

Among the unique and unusual gifts KARMAKISS offers via GlobalShopex are:

*Localized checkout experience for international customers buying from https://karmakiss.com/
*Currency conversion
*Total landed costs
*International payment processing
*Customs clearance and brokerage
*Global shipping with tracking
*Reverse logistics/returns and fraud screening

About KARMAKISS

It is 1991. No iPhones. No Amazon. White Elephant gifts are passed around Dirty Santa parties or relegated to the attic. Imaginative gifts are the stuff of urban myth. And yet, in the most urban of all places, NYC, there is still a faint whisper of artistic creativity.

A small family business is born by New York designer Sophia Senderovich, with a goal to create fun, simple and innovative gifts and home decor items. The artistic momentum begins again. Gift givers find themselves on the receiving end of the long-perceived dead, “Thank you. I love it”. Flash forward in blazing Internet speed. Those faint stirrings of gifting creativity in the last century have become Karma Kiss. The unique and unusual gifts have been joined by whimsical garden furniture, fun sound alarm clocks, delicious lipglosses, desk diversions, funny money banks and eco friendly kits and gifts. All curated carefully by their amazing team, here in the US and around the world.

Their products were featured in movies like Down To You, Little Miss Sunshine and Twilight, and in popular print publications including Real Simple, Rachael Ray, Family Fun, O Magazine and the New York Times. Their customers keep on telling that their gifts are not just trinkets to let pile up in the back of someone’s dusty closet, but gifts that people always remember. For more information on KARMAKISS , please visit https://karmakiss.com/ .

About GlobalShopex

GlobalShopex is a leading provider of international e-commerce solutions for US-based online retail operators, providing cost effective solutions for retailers to enter the business to consumer (B2C) global eCommerce market. GlobalShopex’s integrations allow the international customer to seamlessly checkout on the merchant’s websites and ship worldwide. GlobalShopex handles the international checkout, taking on 100% risk of fraud and chargebacks and provides a total landed cost in local currency, international payment processing, customer service in multiple languages, and international shipping on behalf of its retail clients. For more information on Cross border eCommerce solutions, go to http://www.globalshopex.com.

Alvaro Lazo
GlobalShopex Director of Business Development
+1 786 867 6880
email us here
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GlobalShopex | International eCommerce & Logistics Solutions


Source: EIN Presswire

Methanol Institute Welcomes Greenfield Global as Association's Newest Member

Greenfield Global’s expertise in innovation and low-carbon fuel production spans decades. MI is delighted to welcome Greenfield as our newest member and have them join our ranks.”

— Gregory Dolan, CEO, Methanol Institute

WASHINGTON, DC, USA, September 28, 2021 /EINPresswire.com/ — The Methanol Institute (MI) is pleased to welcome Greenfield Global as the association’s newest member company. Greenfield provides high-value, mission-critical raw materials, ingredients and additives that are vital to businesses, improve people’s lives and preserve the health of the planet. Greenfield’s Quebec facility is a standout example of low-carbon renewable fuel production and circular innovation. As the leading producer of low-carbon transportation fuel in Quebec, Greenfield partnered with the Port of Montreal to develop and commercialize green hydrogen and green methanol solutions for the maritime industry. In June, the parties signed a cooperation and development agreement to identify, conceive and implement innovative green energy solutions, among which green hydrogen, ethanol, and methanol are at the forefront. A working committee has been set up to oversee the development and implementation of these new energy solutions.

Greenfield is working in collaboration with Hydro Quebec to develop an e-methanol project adjacent to its ethanol plant in Varennes, Quebec. The initial phase of this project will include a 60MW electrolysis unit for the production of hydrogen. Hydrogen output from the electrolyzer, along with biogenic CO2 from the ethanol plant will be fed to a methanol synthesis unit to produce approximately 48,000 tonnes of low-carbon methanol annually.

MI CEO Gregory Dolan stated, “Greenfield Global’s expertise in innovation and low-carbon fuel production spans decades. MI is delighted to welcome Greenfield as our newest member and have them join our ranks of companies committed to providing low-carbon fuels.’

Greenfield CEO Howard Field noted the company is pleased to join MI and said, "Greenfield is committed to the production of low-carbon advanced biofuels to reduce greenhouse gas emissions and plans to play an important role in helping the maritime transportation industry reach its sustainability goals. We know the Methanol Institute shares our commitment, and we look forward to working with its impressive membership”.

###

About MI

The Methanol Institute (MI) serves as the global trade association for the methanol industry, representing the world’s leading producers, distributors, and technology companies. Founded in 1989 in Washington DC, MI now represents its members from five offices around world in Singapore, Washington DC, Beijing, Brussels and Delhi.

About Greenfield Global Inc.

Founded in 1989, Greenfield is the leading ethanol producer in Canada and owns and operates five ethanol distilleries, four specialty chemical manufacturing and packaging plants and three next-generation biofuel and renewable energy R&D centers in the United States, Canada and Ireland. To learn more, visit www.greenfield.com.

Lawrence Navin
Methanol Institute
+1 703-248-3636
email us here


Source: EIN Presswire

BMX Bikes Market: Fitness Application To Rise at 6.1% CAGR During 2021-2030

[234 Pages Study] BMX bikes market to reach $381.8 million, at 5.1% CAGR by 2030; Fitness BMX bikes application type to rise at 6.1% CAGR.

PORTLAND, ORAGON, UNITED STATES, September 28, 2021 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “BMX Bikes Market by Top Tube Length, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global BMX bikes market was valued at $230.2 million in 2020, and is projected to reach $381.8 million by 2030, registering a CAGR of 5.1% from 2021 to 2030.

North America dominates the market in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global BMX bikes market share in 2020. Meanwhile LAMEA is expected to grow at a significant rate during the forecast period due to increase in demand for recreational sporting activities across the region.'

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BMX bikes are specially designed bicycles, which are meant for recreational purpose such as sports activities, stunt biking, city commuting as well as are used to keep persons healthy. The increased inclination of youngsters toward the adoption of bicycles, which are meant for special purpose, supplements the growth of the global market. Moreover, technical advancement followed by the demand for lightweight body of the bicycle has also enabled the vehicle manufacturers to develop & introduce carbon framed bicycles, which increases the market share of the companies in the global market.

There are numerous developments carried out by top manufacturers, such as Haro Bikes, GT Bicycles, Pacific Cycles, and others, toward offering better & efficient BMX models, thereby creating a wider scope for the growth of the market. In line with the same, several government regulations followed by governmental support & subsidies for using electric propelled bicycles create an increased demand for BMX bicycles across the globe.

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The global BMX bike market report has been segmented on the basis of top tube length, application, distribution channel, and region. Moreover, based on top tube length, the market has been divided into bikes having frame length less than 18 inch, 18-20 inch, 20-22 inch, and 22 inch & above. Based on application, the market has been fragmented into sports, fitness and others. Based on distribution channel, the market has been bifurcated into online and offline. By region, the market report has been studied across North America, Europe, Asia-Pacific, and LAMEA.

Factors, such as implementation of government regulations to encourage the use of bikes, growth in interest in cycling as a fitness & recreational activity, and consumer inclination toward the use of e-bikes as an eco-friendly & efficient solution for commute, create a positive impact on the growth of the global BMX bike market. Moreover, high cost of bikes is the only factor that is expected to hamper the growth of the global BMX bike market. However, improvement in bicycling infrastructure and rising trend for connected bicycles are the factors that are expected to create a positive impact, thereby supplementing the growth of the global BMX bike market during the forecast period.

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Key Findings Of The Study

By top tube length, the 22 inch & above segment is expected to register a significant growth during the forecast period.
Depending on application, the fitness segment is anticipated to exhibit significant growth in the near future.
On the basis of distribution channel, the online segment is projected to lead the global BMX bikes market, owing to higher CAGR as compared to other segments.
LAMEA is anticipated to register the highest CAGR.

Covid-19 Impact Analysis

The COVID-19 outbreak impacted the automotive industry significantly, which resulted in substantial decline in automobile sales, shortage of raw material, and others.
The automotive industry players are facing issues such as complete halt of production activities, mandated plant closures by the government, unavailability of essential components, and others.
The unavailability of raw materials for production has created a negative impact on the growth of the market.
This unavailability is due to the demand and supply gap created due to halted transportation of raw materials.
The BMX bikes market regained its growth trend sooner due to the factor that public transport is being neglected to avoid direct contact with other individuals.

The key players analyzed in this report are Cult Crew, Elite BMX, Fit Bike Co., Haro Bikes, Kink, MafiaBikes, Pacific Cycles, Stolen BMX, GT Bicycles, and Redline Bicycles.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+1 503-894-6022
email us here
Visit us on social media:
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Source: EIN Presswire

Reverse Logistics Market: Replacement Management Services To Rise at 6.8% CAGR During 2028-2035

[300 Pages Research] Reverse logistics market to reach $958.3 billion by 2028, at 5.6% CAGR | Replacement management service to grow at 6.8% CAGR.

PORTLAND, ORAGON, UNITED STATES, September 28, 2021 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “Reverse Logistics Market by Return Type, End-User, and Service: Global Opportunity Analysis and Industry Forecast, 2021–2028,” The global reverse logistics market was valued at $635.6 Billion in 2020, and is projected to reach $958.3 Billion by 2028, registering a CAGR of 5.6% from 2021 to 2028.

In terms of revenue, Asia-Pacific leads the market, followed by North America, Europe, and LAMEA. Due to the booming e-commerce industry in emerging economies, infrastructural development, and increased adoption of outsourced logistics services in the region, China dominated the global reverse logistics market share in 2020 and is expected to grow at a significant rate during the forecast period. In emerging and industrialized economies, reverse logistics services are increasingly being used to expedite the movement of returned and damaged items back to the producer. Reverse logistics services are used by the manufacturers to recapture value after a product has been sold or at the end of its lifecycle.

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By return type, the reverse logistics market is categorized into the recalls, commercial returns and B2B returns, repairable returns, end of use returns, and end of life returns. The commercial returns segment accounted for the highest revenue in 2020, owing to the increase in adoption of reverse logistics by various manufacturers. The rise in demand for efficient reverse logistics services in the remote areas further increases the demand for commercial return reverse logistics segment around the world. Evolution of reverse logistics solutions such as IoT based reverse logistics services, automation of reverse logistics, and other technologies improves the agility of reverse logistics services. The rising global e-commerce market stimulates the growth of commercial returns necessitating the need for an effective reverse logistics services.

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Based on end user, the reverse logistics market is segregated into e-commerce, automotive, pharmaceutical, consumer electronic, retail, luxury goods, and reusable packaging. In 2020, the e-commerce segment dominated the end-user segment, owing to rising consumer spending in developing and developed nations, as well as increased investment in transportation infrastructure around the world.

The expansion of e-commerce industry, increased product recall due to stringent government rules for product quality in the automotive industry, and rise of tech-driven reverse logistics services and growing adoption of IoT-enabled connected devices, are expected to drive the global reverse logistics market growth over the forecast period. However, lack of control of manufacturers on reverse logistics service and uncertainty in the reverse logistics process is anticipated to hamper the growth of the market during the forecast period. Moreover, introduction of Blockchain technology and reduction in losses owing to adoption of a multi-modal system is expected to offer lucrative opportunities for the market in the future.

COVID-19 Impact Analysis

The COVID impact on the reverse logistics market is unpredictable and it is expected to remain in force till the second quarter of 2021.
The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain the spread of the virus. This led to a sudden downfall in global trade which further reduced the demand for reverse logistics across the world.
Moreover, the nationwide lockdown forced the reverse logistics service providers to partially or completely shut their operations which resulted in delays in the return and replacement activities.
The rise in pharmaceutical and e-commerce sales owing to the pandemic has increased the demand for the reverse logistics market.

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Key Findings Of The Study

By return type, the end of life returns segment is expected to register a significant growth during the forecast period.
By end user, the e-commerce segment is anticipated to exhibit significant growth in the near future.
By service, the replacement management segment is expected to offer significant growth during the forecast timeframe.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global reverse logistics market include C.H. Robinson Worldwide, Inc., CCR Logistics Systems AG, Core Logistic Private Limited, DB Schenker, Deutsche Post DHL Group, FedEx Corporation, Kintetsu World Express, Inc., Safexpress Pvt. Ltd., United Parcel Service, Inc., and Yusen Logistics Co., Ltd.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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Source: EIN Presswire

Mustang Sampling Joins H2-CCS Network

Finding great suppliers with a deep understanding of the issues with hydrogen – such as Mustang and Valtronics – is a key part of the network value proposition”

— Tom Gellrich, Network Founder

PENN VALLEY, PA, US, September 28, 2021 /EINPresswire.com/ — As founder, President and CEO of Mustang Sampling and Valtronics Solutions, the self-taught native North Carolinian has secured over 45 patents related to the Analytically Accurate measurement of hydrocarbon composition.

In 2014, when Mustang and Valtronics were booming throughout North America, Thompson had a chance to sponsor a Daytona Prototype, Mid-engine Corvette in IMSA (International Motor Sports Association).

“We’re able to blend electronics with racing,” Thompson said. “Measurement and data collection are critical to both industries.”
Racing championships ensued and during the 2018 racing year, Mustang Sampling had the opportunity to sponsor a Cadillac Dpi since the Corvette had been released commercially.

With two successful companies and a highly successful racing team, Thompson is smack in the middle of what’s rapidly becoming the next big thing in the natural gas industry: the use of hydrogen as fuel in conjunction with carbon capture and sequestration (CCS).
“There are many exciting moments in the oil and gas industry, especially in today’s business climate, with everyone working toward a lower carbon profile,” Thompson told the H2-CCS Network.

Thompson’s expertise in the analysis of gas in natural gas pipelines makes him very popular with companies attempting to blend natural gas and hydrogen in the near future.

“Moving hydrogen blends via pipelines presents a host of manageable issues,” according to Thompson, “but with concentrations below about 30%, most operations are not significantly impacted.”

Thompson believes there will need to be a few dedicated hydrogen lines built in the U.S., pipelines that will rely on different steel alloys and tensile strength to safely handle the smaller-molecule hydrogen.

While an industry guru, Thompson goes out of his way to share his knowledge with others. Mustang Sampling invested roughly $500,000 in a Mobile Training Laboratory (the MTL) which travels all over North America to measurement schools, conferences, and private training events, allowing an up-close look at Analytically Accurate systems.

Thompson also has joined the H2-CCS Network, a members-only organization dedicated to bringing together experts and industry players interested in utilizing hydrogen and/or CCS.

“The goal of the network is information and education,” Thompson said. Networking with others, sharing information, is a tremendous situation.”
“Mustang Sampling and Valtronics provide innovative solutions, and we are pleased to have them as part of the H2-CCS Network,” said Tom Gellrich, Network Founder. “Finding great suppliers with a deep understanding of the issues with hydrogen – such as Mustang and Valtronics – is a key part of the network value proposition.”

Joe Barone
Shale Directories
+1 610-764-1232
jbarone@shaledirectories.com


Source: EIN Presswire