Tagged: billion

Automotive Components

Automotive Solenoid Market worth $6.2 billion by 2026

CHICAGO, Sept. 9, 2021 /PRNewswire/ — According to the new market research report “Automotive Solenoid Market by Application (Body Control & Interiors, Engine Control & Cooling System, Safety, HVAC), Vehicle Type (PC, LCV, Truck, Bus), EV Type (BEV, PHEV, FCEV), Valve Design, Function, Operation, and Region – Global Forecast to 2026“, published by MarketsandMarkets™, the global Automotive Solenoid Market is estimated to be USD 4.3 billion in 2021 and is projected to grow at a CAGR of 7.3%, to reach USD 6.2 billion by 2026.

The growth of this market is fueled by rising automation in vehicles

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September 12, 2021
Automotive Tools

At 15.6% CAGR, (ESVE) Electric Vehicle Supply Equipment Market Size was worth USD 14.04 Billion in 2020, Says Brandessence Market Research

PUNE, India, Aug. 17, 2021 /PRNewswire/ — Global Electric Vehicle Supply Equipment (ESVE) Market is valued around USD 14.04 Billion in 2020 with the CAGR of 15.6% over the forecast period.

Global Electric Vehicle Supply Equipment (ESVE) Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2021-2027– Growing adoption of electric vehicles, supportive government policies to promote electric vehicle and rising development in technology are some major factors driving the growth of Global Electric Vehicle Supply Equipment (ESVE) Market.

Get Sample Copy of this [email protected] https://brandessenceresearch.com/requestSample/PostId/1646

Electric vehicle supply equipment (EVSE) supplies power to an electric

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August 21, 2021
Automotive Tools

Global Carbide Tools Market to Hit $18.37 Billion by 2030:

Portland,OR, Aug. 17, 2021 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global carbide tools market was pegged at $11.30 billion in 2020, and is expected to reach $18.37 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.

Rise in consumption of consumer electronics and electrical devices, growth of the renewable energy industry, and increase in focus on product customizations for the automotive products have boosted the growth of the global carbide tools market. However, the U.S. and China trade war and fluctuations in foreign currencies hinder the market growth. On

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August 18, 2021
Automotive Technology

Qualcomm tops Magna’s bid with $4.6 billion offer for Veoneer

A Qualcomm sign is shown outside one of the company’s many buildings in San Diego, California, U.S., September 17, 2020. REUTERS/Mike Blake

Aug 5 (Reuters) – Chipmaker Qualcomm Inc (QCOM.O) said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc (VNE.N) for $4.6 billion, an 18.4% premium to a bid in July by Canada’s Magna International Inc (MG.TO) that was accepted by Veoneer’s board.

U.S.-listed shares of Veoneer, spun off in 2018 from air bag and seatbelt maker Autoliv (ALV.N), rose 28% as the stage was set for a bidding war.

Veoneer said its board of

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August 9, 2021
Automotive Technology

Qualcomm proposes $4.6 billion acquisition of automotive tech firm Veoneer

Qualcomm Technologies has entered the bidding war for Swedish automotive technology company Veoneer. Following a $3.8 billion bid by Magna International to acquire Veoneer, Qualcomm announced Thursday that it’s willing to pay $4.6 billion, or $37 per share, to buy Veoneer to bolster its growth and diversification strategy.

Qualcomm said it continues to see traction in its automotive segment, with “a revenue-design win pipeline of approximately $10 billion”. In a letter to Veoneer’s board of directors, Qualcomm said that together, the companies could gain a foothold in the Advanced Driver Assistance Systems (ADAS) market.

“As the automotive industry continues to

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August 6, 2021
Automotive Tools

Global Laser Processing Market to Reach US$11.5 Billion by

New York, Aug. 05, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Laser Processing Industry” – https://www.reportlinker.com/p05798980/?utm_source=GNW
4 Billion in the year 2020, is projected to reach a revised size of US$11.5 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027.Solid, one of the segments analyzed in the report, is projected to grow at a 4.5% CAGR to reach US$7.1 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquid segment is readjusted to

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August 5, 2021
Electric Automotive

Global $100+ Billion Electric Motor Markets Analysis & Forecasts, 2016-2020 & 2021-2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Electric Motor Market, By Type (AC Motors, DC Motors and Hermetic Motors), By End Use (Residential, Commercial, Industrial, Transportation and Others), By Output Power (Above 1HP and Upto 1HP), By Region, Competition Forecast & Opportunities, 2016 – 2027” report has been added to ResearchAndMarkets.com’s offering.

The Global Electric Motor Market stood at USD109.39 billion in 2020 and is forecast to grow at a CAGR of over 6.28% until 2026, owing to the increasing global electricity consumption and increasing demand from the automotive and railways industry.

Moreover, the growing heating, ventilation, and air conditioning industry (HVAC),

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August 4, 2021

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