Market Analysis

Market Research Future (MRFR) predicts the global next generation batteries market to reach USD 20200 million at a CAGR of 5.4% from 2020 to 2027 (forecast period).

As the need for next generation batteries grows, the electronics and semiconductor sectors have taken steps to provide longer and more durable batteries for commercial usage. These batteries are widely utilized in consumer electronics, electric vehicles, and the stationary storage industry. Long-lasting battery production necessitates a significant amount of effort and huge investment in order to conduct tests in conjunction with the power and energy sectors.

Nickel-metal hydride, ultracapacitors, lithium Sulphur (Li-S), magnesium ion, lithium-ion (Li), nickel-cadmium (Ni-Cd), solid electrodes, and metal-air are all used in global next generation batteries. Many commercial industries choose Li-ion batteries, which are expected to account for a sizable market share during the forecast period. Li-ion batteries are becoming more popular as they are combined with higher-capacity active materials, such as silicon-containing elements, and provide higher-voltage cathodes and electrolytes. Lithium-ion batteries, which are made of the lightest metal, are another option. It keeps more charge and is utilized in many electronic devices such as laptops, mobile phones, and cameras. Furthermore, market growth for lithium Sulphur is predicted to be slow over the projection period.

Nowadays, the customer requirement for improved drone flying time has increased next-generation battery growth. The rising electric vehicle market, increasing consumption of consumer electronic appliances, and expanding adoption of the e-mobility industry are the major main drivers in the global market. These primary driving forces have raised the demand for efficient power storage systems across the board.

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COVID-19 Impact on the Global Next Generation Batteries Market

The ongoing pandemic has touched practically all marketing sectors, with the next generation battery market being one of them. The revenue generation of the next generation battery market has also come to a halt as a result of the lockdown for the first half of 2020. Many clients were hesitant to engage in battery services for a variety of reasons. Furthermore, the COVID-19 outbreak created a slew of new obstacles for the next-generation batteries sector, including health and safety concerns, labor shortages, manufacturing material shortages, and a slew of other issues. 

The next generation battery industry leaders intend to use cutting-edge technologies to meet increased customer demand for battery services while also increasing worldwide revenue generating. Despite the fact that the pandemic situation has hampered the global market's economic growth, leading market participants have taken appropriate efforts to revive the situation for more profitable outcomes from battery services.

Regional Analysis

According to the regional analysis, the global next generation batteries market has been segmented into North America, Europe, Asia Pacific, and other parts of the world.

North America is expected to be the most profitable region for the next generation batteries industry, owing to the region's high demand.

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Market Segmentation

The global next generation batteries market has been segmented into type and application. 

By type, the global next generation batteries market has been segmented into Li-ion, Ni-Cd, Ni-metal hydride, Lithium Sulphur, Magnesium Ion, Solid Electrodes, Metal-Air, and Ultra-capacitors.

By application, the global next generation batteries market has been segmented into automotive, transportation, aerospace & defense, industrial, and oil & gas. 

Summary

The global next generation batteries market is set to reach USD 20200 million at a CAGR of 5.4% from 2019 to 2027 (forecast period). The rapid growth of the electric mobility industry, the adoption of consumer electronic goods, and a preference for alternative energy sources are expected to drive the global next generation batteries market.

Key Players

LG Chemicals (South Korea), Phinergy (Israel), Amprius Inc. (U.S.), Mitsubishi Chemical (Japan), Seeo (U.S.), Panasonic Corporation (Japan), Sion Power (U.S.), Envia Systems Inc. (U.S.), Ambri Inc. (U.S), Hitachi (Japan), Fluidic Energy (U.S.), Lockheed Martin (U.S.), Samsung (South Korea), Saft Group (France), Uniross Batteries (South Africa), PolyPlus Transfection (France), OXIS Energy (U.K).

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GaN Semiconductor Devices Market Share, Growth Factors, Comprehensive Research, Analysis by Leading Companies with Forecast till 2030

Market Analysis 

The global RF GaN semiconductor device market size will touch USD 1,607.23 million at a 20.3% CAGR in the forecast period (2020-2027), states the latest Market Research Future report.

RF GaN Semiconductor Market Drivers/ RF GaN Semiconductor Market Trends 

Rising Use of RF GaN Semiconductor Device in Defense Sector to Boost Market Growth 

The rising use of such devices in the defense sector will boost market growth over the forecast period for the growing need for increased bandwidth as well as performance reality in electronic warfare, radars, radio communications, and others. SiC is the right choice for manufacturing bullet-proof jackets owing to its strength and hardness. ICs that are GaN-based are used in radars for effective navigation along with real-time air traffic control. Further, GaN can provide higher operating frequencies for terrestrial radios, military jammers, and radar communication. The growing adoption of wideband GaN power transistors from different defense forces is fuelling market growth.

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Challenges 

Designing Complexities to act as Market Challenge

Various complexities related to designing the GaN devices’ electrical layout may act as a market challenge in the forecast period. Besides, the COVID-19 impact may also impede market growth. 

Opportunities 

Potential Usage of 5G Infrastructure to Provide Robust Opportunities 

The usage of gallium nitride in 5G infrastructure will offer the market with robust opportunities in the forecast period. 5G replaced 4G in terms of traffic capacity, data rates, and energy efficiency. Commercially the 5G technology will be launched in 2021. It will offer different perks such as effective communication network with minimum cost. Technology giants such as AT&T and Nokia are participating in the research and development initiative to build the 5G technology across the United States.

Restraints 

High Cost of Material to act as Market Restraint 

The high cost of fabrication and material may act as a market restraint in the forecast period.

Regional Analysis 

North America to Sway RF GaN Semiconductor Device Market 

North America will sway the market over the forecast period. Rising investments by organizations concerning 5G technology, the presence of various largest multinational corporations that offer devices for end users such as military and defense, electronics, IT and telecom, and others, increasing investments by the aerospace and defense sector in R&D, the government in the region promoting the adoption of energy efficient devices and offering contacts to different companies, increasing use of GaN in consumer electronic devices including personal computers, televisions, laptops, tablet, PCs, and mobile phones for its efficiency, and different manufacturers emphasizing on innovating new products which are low cost and power efficient are adding to the RF GaN semiconductor devices market value in the region. 

Market Segmentation 

The global RF GaN semiconductor device market is segmented based on end user, applications, and material. 

·        By material, the RF GaN semiconductor device market is segmented into GaN-On-Silicon, GaN-On-Diamond, and GaN-On-Sic. 

·        By application, the RF GaN semiconductor device market is segmented into satellite communication, wireless infrastructure, PV inverter, power storage, and others. 

·        By end user, the RF GaN semiconductor device market is segmented into IT and telecom, automotive, aerospace and defense, consumer electronics, and others. 

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Key Players

Eminent players profiled in the global RF GaN semiconductor device market report include Mitsubishi Electric Corporation (Japan), Sumitomo Electric Industries, Ltd (Japan), Raytheon Company (US), Robert Bosch GmbH (Germany), STMicroelectronics (France), Hitachi, Ltd (Japan), Toshiba Corporation (Japan), Infineon Technologies AG (Germany), Panasonic Corporation (Japan), Microchip Technology (US), Renesas Electronics Corporation (Japan), Aethercomm Inc.(US), Cree, Inc. (US), Analog Devices Inc.(US), NXP Semiconductor (Netherlands), ROHM Semiconductors (Japan), Qorvo Inc. (US), among others.

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Power Semiconductors Market Forecast, Business Strategy, Research Analysis on Competitive landscape and Key Vendors 2030Overview

The power semiconductors market is projected to grow at a CAGR of 13% during the forecast period 2017 to 2023. As per the power semiconductors market research report, the global market for power semiconductors is anticipated to grow rapidly. As per analysts, the growth in the renewable energy sector along with increasing urbanization will drive the market growth throughout the forecast period. The power semiconductors market research report provides an in-depth analysis of the global power semiconductors market and its application, materials, region, and components segments. The fluctuations in the prices of raw material as well as environment related concerns are the factors which could affect the power semiconductors market growth during the forecast period 2017 to 2023. The power semiconductors market research report by expert analysts is intended to help companies in the power semiconductors market.

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Market Segmentation

The global power semiconductors market has been segmented based on application, materials, region, and components. On the basis of material, the market for power semiconductors is segmented based on silicon carbide, GaN, silicon. Additionally, the market on the basis of application, is segmented into aerospace, automotive, consumer electronics, military, and industrial. The global market for power semiconductors is also covered based on the components segment which is further split into diode, inverter, power MOSFET, thyristor, and rectifier.

Key influences such as unorganized distribution channels could obstruct the power semiconductors market growth. However, as per the power semiconductors market research report, increasing demand across wind and solar power generation sectors as well as growing consumer electronics market will drive growth during the forecast period 2017 to 2023. These key growth factors will help support the power semiconductors market growth at a high CAGR. The segmental analysis of application, materials, region, and components segments as well as regional market analysis has been presented in the global power semiconductors market research report. Analysts studying the power semiconductors market have presented projections in the power semiconductors market research report assisting power semiconductors market-based companies in numerous ways. The power semiconductors market research report offers crucial details about the power semiconductors market based on the data and forecasts till 2023.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for power semiconductors are primarily covered in the global power semiconductors market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level power semiconductors markets are covered in the report. In Asia-Pacific (APAC) region, the country-level power semiconductors markets covered are China, India, Japan, and others. The power semiconductors market research report also covers the regional market for power semiconductors spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The power semiconductors market research report further explores other regional markets from the rest of the world including power semiconductors markets of the Middle East and Africa. As per the global power semiconductors market research report.

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Industry News

As part of its efforts to achieve a low-carbon society, Denso Corporation started mass production of its new booster power module with high-quality semiconduction silicon carbide (SiC) power semiconductors. This product is being used in the latest Mirai model from Toyota, the second generation that entered the market on 9 December 2020. For the application of SiC power semiconductors (diodes and transistors) to vehicle applications, Denso says it has developed its RE VOSIC technology. SiC is a half conductor material that is superior to traditional silicone in high-temperature, high frequency and high-voltage settings (Si).

Competitive Landscape

The rise in domestic income in emerging markets and the rise in the availability of wide band gap semiconductor products are expected to accelerate the power semiconductors market growth worldwide. The global power semiconductors market is set to witness challenges including limited growth, however, companies in the power semiconductors market will sustain the growth rate. The power semiconductors market research report also offers company profiles of key players operating in the power semiconductors market around the world. Additionally, the global power semiconductors market report provides detailed analysis of the market based on primary and secondary research data collected from the power semiconductors market’s key decision makers as well as stakeholders. The power semiconductors market research report covers all such factors assisting companies in the power semiconductors market to improve their plans and portfolio.

Major Players:

Players leading the power semiconductors include Texas instruments Inc. (US), Infineon Technologies AG (Germany), ST Microelectronics (Switzerland), NXP Semiconductor (Netherlands), Qualcomm Inc.(US), Fairchild Semiconductor (US), Broadcom Limited (US), Renesas electronic corporation (Japan), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan), among others.

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Industrial Control Systems (ICS) Market Strategies, Market Trends, Opportunity Analysis, Gross Margin Study with Forecasts to 2030

Market Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global industrial control systems market based on application, components, and control systems. 

·        By control systems, the global industrial control systems market is segmented into hybrid (hybrid of DCS and SCADA), distributed control system (DCS), and supervisory control and data acquisition (SCADA). 

·        By components, the global industrial control systems market is segmented into SCADA communication systems, remote terminal unit (RTU), programmable logic controller (PLC), human machine interface (HMI), and others (remote diagnostics and maintenance, control server). 

·        By application, the global industrial control systems market is segmented into water and water-waste treatment, automobile industry, pharmaceutical industry, oil and gas, electrical power (distribution, transmission, and generation), and others (transportation, defense, and aerospace). 

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Market Analysis 

The global industrial control systems market size will develop at a healthy CAGR between 2018- 2023 (forecast period), as per the new Market Research Future (MRFR) analysis. Industrial control systems or ICS, simply put, is an assembly of industrial control, networks, industrial devices, and systems that are used for automating and operating the industrial processes. It is an integration of software and hardware facilitated with network connectivity for supporting the essential systems, processes, and assets. 

Various factors are fuelling the global industrial control systems market growth. According to the recent MRFR market estimates, such factors include the emergence of IoT, growing need for industrial software and process automation, rising number of sophisticated cyber-attacks on ICS systems, and the burgeoning need for compliance with different upcoming regulations. 

On the flip side, high procurement costs, impact of the COVID-19 pandemic, and lack of technical efficiency may impede the global industrial control systems (ICS) market growth.

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Regional Analysis

The Industrial control system Market divides into different regional markets based on revenue and application. The major regional markets for the Industrial control system Market are North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. The sector's leading regional market in North America has the largest share of revenue and significant players. The need for a reliable, speedy, and safe automation process makes the region a well of opportunities. The leading market is followed by the Asia Pacific region and then by the European region.

Key Players 

The prominent players profiled in the global industrial control systems market report include Alstom (France), Yokogawa Electric Co (Japan), General Electric Co (US), Emerson Electric Co (US)., Omron Co (Japan), Rockwell Automation (US), Siemens AG (Germany), Honeywell International Inc (US), Schneider Electric (France), and ABB Ltd (Switzerland), among others. 

The industrial control systems market is fragmented and competitive with the presence of several international and domestic market players. These players have incorporated several strategies to stay at the forefront and also cater to the customers growing needs, such as contracts, collaborations, joint ventures, and partnerships, and others. Besides, they are also investing in research and development activities to strengthen their portfolios and also create hold in the market.

Industry Updates