Germany Automotive Telematics Market is Powered by Increasing Use of Telematics Solutions in Off-Highway Automobiles

The Germany automotive telematics market will advance at a compound annual growth rate of 16.5% in the years to come, to touch a value of USD 7,748 million by 2030.

Germany Automotive Telematics Market Research Report@ https://www.psmarketresearch.com/market-analysis/germany-automotive-telematics-market

The key factors, which are powering the industry are the growing preference for a safer driving substitute, accompanied by the wide-ranging support from the government, with regards to the formulation of policy and regulations, for the integration of these sort of systems in vehicles.

Safety and security will be the fastest-growing category in the future. The expansion of intelligent transportation systems and automated driving will surge the requirement for safety of the people in vehicles.

Also, government mandates for growing the count of passenger safety features in cars will drive the market in the years to come.
OEMs dominated the industry in the past. The category will retain its domination in the future. The obligatory regulations to include the essential safety features in automobiles, together with the mounting consumer preference for connected buses, are powering the growth of the market.

Construction machines will grow the fastest in the Germany automotive telematics market in the future, under vehicle type.
Safety and security are the two initial needs related with construction machines. Safety and compliance solutions comprise accident communication and theft protection features, vital for construction machines.

The growing use of of telematics solutions in off-highway automobiles is a major trend, which is observed in the industry.
The enhanced efficiency and productivity of these automobiles and rising requirement for off-highway vehicle data analysis, accompanied by the necessity to decrease the operational costs related with their maintenance and repair, are the key reasons for the rising acceptance of telematics solutions in these automobiles.

Further, diverse automotive associations in the nation have standardized the key versions of the telematics solutions presented for off-highway vehicles, further boosts their acceptance in these automobiles.

The cathode material for automotive lithium-ion battery market will power at a rate of 6.9% in the years to come, and reach to a value of USD 3,777.8 million by 2030, as said by a market research institution P&S Intelligence.

The growth of the industry will be powered by the increasing acceptance of EVs, nonstop drop in the prices of cathode materials, and development of the energy storage battery market.

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BEV will be the largest and fastest-growing category in the years to come. This leading share has a lot to do with the fact that the integration rate of lithium-ion batteries is considerably higher in these automobiles, as the average capacity of the battery of a BEV has to be much advanced than HEV and PHEV.

The increasing acceptance of EV globally is the most significant factor contributing toward the high requirement for lithium-ion batteries, which is powering the growth of the market.

Therefore, with such a massive growth in EV sales, the requirement for their raw materials and components will also increase. The rise in EV acceptance is itself driven by two main factors, specifically the increasing environmental concerns and support of the government for their acceptance.

The fastest growth will be observed by the passenger car category. This would chiefly be as a result of the robust push by the governments of main automobile markets, for example the U.S and China, for producing novel energy cars and the increasing requirement for fully electric passenger cars with high-range-per-charge features.

APAC dominated the cathode material for automotive lithium-ion battery market, and it will remain the dominant in the years to come. This is mostly credited to the high production and sales of EVs in China, which accounts for over 50% of the market share; it will dominate the market in the years to come as well.

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The sale of lithium-ion-battery-based E-buses and trucks in China are the highest, which makes the Chinese industry the biggest, with regards to the need for automotive lithium-ion batteries.

LAMEA will advance with the highest rate in the future. This is because of the fact that the total consumption of automotive lithium- ion batteries was about 1.6 GWh in 2019, with regards to the capacity, which will reach 7.6 GWh in 2024.

The global acetic anhydride market was valued at $3,476.1 million in 2019, and the market size is expected to grow at a CAGR of 2.3% during 2020–2030, ultimately reaching $4,950.4 million.

Acetic Anhydride Market Research Report@ https://www.psmarketresearch.com/market-analysis/acetic-anhydride-market

Some of the most-important growth factors include the rapid expansion of the pharmaceutical sector in the APAC region and a rise in the number of geriatric patients. Acetic anhydride is used to produce aspirin, which is used to treat fever and the condition of mild muscle pain, which is quite common in elderly people.

Based on application, the largest size in the acetic anhydride market in 2019 was attributed to the synthesizers category. This is credited to the high-volume consumption of the chemical to produce cellulose acetate. The demand for cellulose acetate is increasing due to its usage in the automotive and plastics sectors. To meet the surging requirement for cellulose acetate from these sectors, the consumption of the chemical compound in the production of cellulose acetate is predicted to rise.

Owing to the highest demand, the tobacco industry is expected to account for the largest market size in 2030, based on end user. Cellulose acetate is used for making cigarette filters to reduce the transfer of tar and nicotine inside the consumer. The production of the compound has increased to cope with the increasing demand for cigarettes. This is one of the principal reasons for the projected growth of the acetic anhydride market in the coming years.

The APAC region generated the highest revenue in the market in 2019, and this trend will continue during the upcoming years as well. This can be majorly credited to the rising production of cellulose acetate, which requires the compound as a synthesizer. There is rapid growth in the demand for cellulose acetate because of its use in plastic manufacturing. Tows, cigarettes, and textile fibers are widely used throughout the world. Around the world, China is the largest consumer and producer of cigarettes.

The solar street lighting market will grow considerably in the years to come. The reducing rates of solar street lighting solutions and the growing count of smart cities are the main factors powering the growth of the industry.

Also, growing development in emerging regions is generating ample prospects for the solar street lighting industry to power well in the future.

The solar panel category was the leader of the industry in the past, and will maintain this trend in the future as well. This is because solar panels are the most significant component of a solar lighting system and are comparatively expensive as opposed to the other components.

The solar panel offers electricity for charging the battery during the day, which illumines the lamps attached to it, when there is no light.

In the years to come, the retrofit category will have the larger share. Likewise, phasing out of incandescent lights in India, China, Brazil, South Africa, and the U.S. has powered the replacement of older technologies lamps with LEDs, which will help the industry to grow in the years to come.

Highway and roadway had the largest share in the past, because of wide use of lighting products in roadways & highways. The category is will be the fastest growing in the years to come.

This is because of the growing focus of the government with regards to high-class infra developments, which is also thriving the requirement for outdoor lighting.

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What is trending in the solar street lighting market is the increasing acceptance of smart solar street lights because of their features such as energy efficiency, low costs of operations and maintenance, and fast detection of faults, because of real-time control decisions through central control unit or device.

How Is Smart Lighting Adoption Boosting Ambient Lighting Market Growth?

A number of factors such as the booming demand for energy-efficient lighting solutions, toughening energy efficiency regulatory policies, and rising emphasis on smart lighting are expected to propel the ambient lighting market at a CAGR of 9.2% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue is projected to grow from $60.8 billion in 2019 to $156.5 billion by 2030. In recent years, the burgeoning demand for light-emitting diode (LED) lighting solutions has become a prominent trend in the market.

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The rising stringency of energy efficiency laws is expected to boost the ambient lighting market growth in the coming years. The growing awareness regarding environmental degradation has led to the implementation of stringent regulations related energy efficiency of lights, which are resulting in energy and cost savings in several end-use sectors. For instance, the U.S. Energy Standard for Buildings is a national model code for commercial buildings and an important parameter for drafting designs and related systems. This code is implemented by the U.S. Department of Energy.

Additionally, the amplifying demand for smart lighting solutions will also supplement the market growth in the foreseeable future. In recent years, LEDs have become very popular in the industrial sector, due to their increased energy efficiency and exquisite designs. Also, the surging adoption of LEDs in the residential sector has widened the scope for developing more efficient and aesthetically enhanced LED lighting solutions. Furthermore, the advent of Industry 4.0 and internet of things (IoT) technology, and extensive demand for smart home solutions have encouraged market players to be more experimental with LED lights.

In recent years, players operating in the ambient lighting market have introduced several new products to gain a competitive edge. For instance, in September 2019, Signify N.V. introduced the Philips Hue Filament collection of warm white lights, which is a combination of modern technology and vintage design. This amalgamation of contemporary and antique helps to control and personalize the lighting through a smartphone or a voice command. These lights can be used with or without a lampshade.

On the basis of offering, the ambient lighting market is bifurcated into hardware and software and service. Further, the hardware category is bifurcated into lighting controls and lamps and luminaries. In 2019, the lamps and luminaries category generated higher revenue in the hardware market because these are vital parts of any lighting solutions. In the coming years, the software and service category will witness the fastest growth, due to the escalating demand for software for controlling the lights in different settings. The lighting control software offers improved functionality like brightness and color adjustment.