Global Automotive Electronic Control Unit (ECU) Market is expected to record a positive CAGR of ~6% during the forecast period (2022-2028): Ken Research

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According to Ken Research Analysis, the Global Automotive Electronic Control Unit (ECU) Market is expected to record a positive CAGR of ~6% during the forecast period (2022-2028) and is expected to reach nearly US$ 75 billion by 2028, owing to the increasing features such as ADAS, traction control, parking assistance, electronic braking, and others.

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Key Growth Drivers

The Global Automotive Electronic Control Unit (ECU) market is driven by several factors including the rising trend of adopting integrated ECUs, growing demand for luxurious cars and innovation in the electric vehicle segment, and growing popularity of ADAS, parking assistance, AEB, and ACC features. Moreover, government mandates to reduce fuel usage also boost the automotive electronic control unit market growth.

• The automotive industry has witnessed tremendous growth as compared to a decade ago. Not only, the industry has seen new market entrants, but also developments in vehicle aesthetics from the existing players. Catering to a wider audience had been the primary goal of automotive companies, and the luxury vehicles segment is one of the major markets. Earlier the luxury vehicle segment was limited to Bentley, Rolls Royce, and Cadillac, but as consumers are getting more aware and demanding, some so many new entrants meet the growing demand. The number of features in a vehicle is directly proportional to the number of ECUs integrated and thus faces a huge demand.
• Moreover, with the introduction of electric vehicles, it has become easier for manufacturers to focus more on providing safety and luxury features. Electric vehicles also serve as a base for the development of autonomous vehicles, and thus the demand for ECUs is expected to reach unimagined heights.

The Global Automotive Electronic Control Unit (ECU) Market faces challenges due to increased design complexity and sophistication of ECUs, operation failure in ECU, and cost and quality trade-off.

• ECUs serve as the brain/heart of the vehicle and like other electronic devices/components, their failure can be catastrophic. Failure of ECU can be caused by several internal and external factors such as extreme temperature, excess voltage or current, and mechanical shock, among others. A faulty ECU won’t let the engine turn on or turn on several warning lights in the vehicles which become very challenging to get the vehicle repaired at that instant.
• The design and manufacturing of an ECU are highly technical and complex. The vehicles that are manufactured get OEM-fitted ECUs which tend to be costlier than aftermarket ECUs. Moreover, the aftermarket ECUs generally have a quality issue and sometimes are not fully compatible with the onboard system. All these factors pose challenges for manufacturers to procure highly technical labor, and the end-user to compromise on either quality or cost.

The COVID-19 pandemic had a negative impact on the growth of the Automotive Electronic Control Unit Market. The major factors responsible for the slowdown in the automotive industry during the pandemic are the shortage of semiconductor chips and disruption in the global supply chain. The imposition of lockdowns in several countries resulted in restrictions on travel, which further impacted the sales of vehicles. The decline in vehicle sales caused automobile manufacturers and OEMs to halt or reduce their production. Moreover, on the electronics & semiconductor industry side, the shelf life of electronic components was rising, which indirectly impacted in high cost of the components. However, as the automotive industry began to stabilize in early 2021, the Automotive Electronic Control Unit (ECU) Market also started to show progress.

Key Trends by Market Segment

By Capacity: The 32-bit segment dominated the market based on capacity in the Global Automotive Electronic Control Unit (ECU) Market in 2021.

• As the vehicles include more features, it also requires high-end processing, due to which 32-bit ECUs are preferred over 16-bit ECUs. As per the current passenger vehicle segment, the 32-bit ECUs tend to be widely used due to more processing capabilities, and less expensive than 64-bit. The 64-bit ECUs tend to have some specific applications in autonomous vehicles and thus are in lesser demand at present. Most of the auto component manufacturers and automotive electronics companies recommend upgrading from 16-bit ECU to 32-bit ECU.

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By Vehicle Type: Passenger vehicle segment held the largest market share in the Global Automotive Electronic Control Unit (ECU) market in 2021.

• Passenger vehicle manufacturers often face the demand for the inclusion of several safety features and comfort features. Some of the widely demanded features in passenger vehicles include electronic braking and ABS, airbag deployments, crash detection, parking assist and lane assist, hi-tech infotainment systems, automatic climate control, adaptive cruise control, and others. As the demand for these features increases in passenger vehicles, the demand, and integration of several ECUs in the vehicles is expected to increase. Moreover, the growing sales of EVs add subsequently to this demand.

By Application: The powertrain segment accounted for the largest market share in the Global Automotive Electronic Control Unit (ECU) in 2021 by applications.

• The powertrain segment is one of the essential ECUs that involves engine control, transmission control, and several other important factors for the error-free operation of a car. It is a basic ECU and is essential to be present in every vehicle produced. The powertrain ECU involves inputs from multiple sensors such as oxygen, air, temperature, and CO, among others. This segment is also expected to continue its dominance during the forecast period.

By Propulsion Type: Internal combustion engine (ICE) segment accounted for the largest market share by propulsion type in the Global Automotive Electronic Control Unit (ECU) Market in 2021.

• ICE vehicles hold a high proportion in terms of the number of vehicles on-road and current productions. Although the initiatives and development pace of electric vehicles has increased, it yet has enough time to equally compete with the ICE vehicles. Over the period of the next 10 years, the automotive industry is expected to go through major changes which also involve a decline in the production of ICE vehicles. The electric vehicles segment is expected to fastest-growing during the forecast period.

By Autonomous Level: Conventional vehicles held the largest market share in Global Automotive Electronic Control Unit (ECU) market in 2021.

• The current status of autonomous vehicles has only been reached by level 2 of automation, however, there has been consistent progress yet the concern for safety remains. On the other hand, conventional vehicles including ICE and electric variants are being currently used in large numbers and are capable of housing multiple ECUs to meet the present market demand.

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By End-user: OEM segment accounted for the largest market share in the Global Automotive Electronic Control Unit (ECU) market in 2021.

• Auto parts OEMs are directly associated with the vehicle manufacturers in supplying the original equipment as per the design standards and compatibility. The OEM automotive ECUs tend to be highly compatible as compared to aftermarket products because the OEMs form an agreement to supply their products for a specific vehicle model and even for all of the vehicle models of automotive manufacturers. Although OEM ECUs are expensive as compared to aftermarket ones, most vehicle manufacturers and service centers recommend using OEM parts as standard. This also helps in violating any warranty-related issues.

By Geography: Asia-Pacific region accounted for the largest share of the Global Automotive Electronic Control Unit (ECU) in 2021.

• Asia Pacific region has been witnessing a huge demand for hi-tech in-vehicle infotainment and communication services. Several emerging economies in the region including China, India, South Korea, Indonesia, and Thailand, are expected to witness huge opportunities in the automotive sector owing to a large population, increasing disposable income, and rising demand for safety features and luxury vehicles.
• Japan, China, and India among other countries have already initiated the production of electric vehicles, which is further expected to fuel the market growth in the region. The rise in the production of electric vehicles is further backed up by stringent governmental and environmental mandates to reduce carbon emissions levels.

Competitive Landscape

The Global Automotive Electronic Control Unit (ECU) Market is highly competitive with ~100 players that include globally diversified players, regional players as well as country-niche players. Regional players comprise ~55% of the competitors, while the global players comprise the second highest of the total number of competitors. Some of the major players in the market include Veoneer Inc, Asentec Co Ltd, Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Denso Corporation, Hella KGaA Hueck & Co. (HELLA), Sensata Technologies, Mitsubishi Electric, Sumitomo Electric Industries Ltd, Magneti Marelli, and Aptiv, among others.

The leading automotive electronic control unit (ECU) companies such as Denso Corporation, Mitsubishi Electric, and Veoneer Inc are highly focused on strategic developments related to automotive ECUs such as product launches, technical product development, collaboration, acquisition, and others to hold their position in the market.

Recent Developments Related to Major Players

• In November 2021, Robert Bosch invested Euro 400 million to expand its wafer fabrication facilities in Germany and its semiconductor operations in Malaysia. This investment is aimed to lower the shortage of semiconductor chips that the automotive industry has been recently facing.
• In August 2020, Veoneer, Inc, and Qualcomm Technologies, Inc collaborated to deliver the highly scalable ADAS, collaborative and autonomous driving-based solutions to auto manufacturers using Veoneer’s next-generation perception and driving policy software stack and Qualcomm’s Snapdragon Ride ADAS/AD of SoC’s and accelerators.
• In January 2019, ZF Friedrichshafen AG, a Germany-based auto parts supplier launched an ECU comprising self-driving capabilities that are using the chips made by Xilinx Inc. Its ECU caters to transmission and is mostly targeted to traditional automakers and ride-hailing companies.

Conclusion

The Global Automotive Electronic Control Unit (ECU) Market is forecasted to continue a positive growth, primarily driven by the rising trend of adopting integrated ECUs, growing demand for luxurious cars and innovation in the electric vehicle segment, and growing popularity of ADAS, parking assistance, AEB, and ACC features. APAC is expected to remain the dominant region throughout the forecast period owing to the emerging automotive hub in terms of production as well as consumption. Though the market is highly competitive with ~100 participants, global players control the dominant market share.

Note: This is a Planned/On-Demand report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Automotive Electronic Control Unit (ECU) Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, market is segmented by capacity, vehicle type, application, propulsion type, autonomous level, and end-user. In addition, the report also covers market size and forecasts for the four region's Automotive Electronic Control Unit (ECU) Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Capacity

• 16-bit
• 32-bit
• 64-bit

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicles (Light Commercial Vehicles, Heavy Commercial Vehicles)

By Application

• ADAS & Safety Systems
• Body Electronics
• Powertrain
• Infotainment
• Others

By Propulsion Type

• Electric
• Hybrid
• ICE

By Autonomous Level

• Autonomous Vehicles
• Conventional Vehicles
• Semi-autonomous Vehicles

By End-user

• OEM
• Aftermarket

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Sweden, Italy)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
• LAMEA (Latin America, Middle East, Africa)

Key Players

• Veoneer Inc
• Asentec Co Ltd
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Continental AG
• Denso Corporation
• Hella KGaA Hueck & Co. (HELLA)
• Sensata Technologies
• Mitsubishi Electric
• Sumitomo Electric Industries Ltd
• Magneti Marelli
• Aptiv

Global Warehouse Management Systems Market is expected reach a revenue of US$ 7 Bn by 2028: Ken Research

 A Warehouse Management system (WMS) is software that aids in the management and intelligent execution of a warehouse's, distribution center, or fulfilment center’s operations. WMS applications provide features like order allocation, order picking, replenishment, packing, shipping, labor management, yard management, and automated materials handling equipment interfaces.

The Global Warehouse Management Systems Market is expected to record a positive CAGR of ~15% during the forecast period (2022-2028) and reach a revenue of US$ 7 Bn by 2028. This growth is owing to the development of digital technology in global logistics, including delivery of key performance indicators (KPIs), enhanced supply chain flexibility, and cost-cutting, which have pushed Third-Party Logistics (3PL) and the supply chain sector to adopt warehouse management systems along with the rising e-commerce and customer online purchasing behaviors are anticipated to enhance demand for the warehouse management system.

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• WMS demand is expected to increase significantly as a result of switching supply chain strategies used by product manufacturers and rising consumer demand, especially in the transport & logistics, and retail industries. One of the key factors driving the market expansion is the requirement for manufacturers to automate warehouse management procedures and reduce costs globally. The system's capacity to deliver goods as quickly as possible via the shortest shipping routes could be the cause of the system's skyrocketing demand.
• Real-time WMS software solutions are rapidly being utilized as a result of a significant shift in consumer purchasing behavior for effective order processing, picking, packaging, shipment tracking, and route planning in the e-commerce industry. WMS enables businesses to swiftly adjust to the shifting client needs in the e-commerce and online retail space.
• According to International Trade Administration, an agency in the United States Department of Commerce in 2020 states that of the two consumer focuses, retail consumer goods e-commerce is by far the most dynamic and successful. In 2020, it accounted for 18% of all retail sales worldwide. By 2024, it is anticipated to rise at a rate of over 1% annually, reaching almost 22% of all retail sales worldwide.
• Small-scale companies frequently utilize old techniques to run their warehouses. The adoption of WMS is hindered by large initial investments and significant deployment investments. The adoption of WMS by small-scale enterprises is additionally constrained by the additional expenses associated with license purchases, upgrades, and employee training during the deployment process. Small-scale industries, however, are not aware of the advantages of WMS, which presents a problem for the market's players.
• Despite the initial turmoil caused by the COVID-19 pandemic, steady market expansion was made possible by the booming e-commerce sector and a more useful understanding of the benefits of WMS. Additionally, the crisis has quickened the industry's adoption of WMS as well as other warehouse automation solutions.

Key Trends by Market Segment

By Deployment Type- Cloud-based segment held the major market share in 2021 due to its 100% web-based feature and accessibility from any device with an internet connection.

• Regardless of the size and complexity of the organization using WMS, advancements in cloud-based services are expected to accelerate the adoption of WMS software. Medium-sized and small-sized firms, which do not require the adoption of complex warehouse technologies and high-speed automation, are primarily responsible for the growing demand for cloud-based systems.
• According to 3PL Central LLC, a WMS solutions provider predicted that cloud-based warehouse management solutions is anticipated to grow and are projected to reach US$ 8.1 billion by 2028. This growth is being fuelled by the adoption of cloud-based WMS, especially among small and medium-sized businesses, as a result of consumer demand and e-commerce.

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By Component Type- The software segment accounted for the highest market share in 2021, mostly due to the growing use of WMS software by small to medium-sized enterprises (SMEs) globally.

• Since online software is convenient to use, most developed and developing countries prefer to utilize it, which now has led to the software segment dominating the market.
• In November 2021, Fishbowl, a software company, developed a new online version of its inventory management software.

By Tier Type- Advanced WMS (Tier 1) held the major market share in 2021 owing to the maximum level of interconnectivity and functionality of advanced wms.

• Advanced WMS includes and fully integrates the main functions like slotting, labor management, transportation management, and yard management. Tier 1 WMS frequently provides the option to configure business rules within the system. Customization is enabled by the software without the need for extra, specialist programming which enables more seamless upgrading.
• In April 2015, a new powerful warehouse management system from IQMS has already been released. This directed pick-and-put-away distribution system is based on rules and is believed to be competitive with Tier 1 WMS systems. Tessy Plastics Corp., Blue Horseshoe, and IQMS worked together to create Advanced WMS as a supply chain management consultant project.

By Function Outlook- Systems Integration & Maintenance segment held the major market share in 2021, due to various functions that WMS performs such as receiving and storing inventory, optimizing order selection and shipping, and making recommendations on inventory replenishment.

• Businesses can more effectively monitor and optimize their operations by integrating warehouse management systems with other effective software programs.
• Organizations might obtain accurate and comprehensive information about warehouse management, transportation, and distribution, and utilize that knowledge to make better decisions by integrating warehouse management systems with transportation management systems. Additionally, it allows for better use of the fleet and other essential resources.

By End-User- The transportation and Logistics segment held the major market share in 2021, due to the expansion of e-commerce sector, rising income levels, and the quick adoption of WMS.

• According to the Council of Supply Chain Management Professionals (CSCMP), the leading global association for supply chain management professionals, in 2022 stated that United States business logistics costs (USBLC) grew by 22.4% to US$1.85 trillion, nearly 8% of the US$23 trillion GDP predicted for 2021.
• Logistics and supply chain organizations are rapidly implementing WMS to streamline their processes and boost productivity and efficiency in their warehouses. The segment will continue to expand as consumers are becoming more aware of the advantages of having a well-integrated WMS, such as efficient warehouse operations to match rising demand.

By Geography- Asia Pacific is expected to be the fastest growing market during the forecast period due to the robust economic growth and ongoing advancements in inventory management and warehouse management systems, businesses are investing extensively in these systems to maintain growth and boost productivity.

• According to the Ministry of Commerce, in 2021, stated that Chinese companies already run more than 1,900 abroad warehouses with a combined floor area of 13.5 million square meters. 
• According to the Ministry of Commerce & Industry India, which administers two departments, the Department of Commerce and the Department for Promotion of Industry & Internal Trade, in 2021 reported that about 14% of India's GDP is currently invested in logistics. In developed countries such as the US, Hong Kong, and France, the ratio of logistics costs to GDP is around half (4-5%) that in India (6-9%).

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Competitive Landscape

The global warehouse management systems market is extremely competitive with ~1,000 players, which include globally diversified players, regional players as well as a large number of country-niche players having their niche in supply chain software for multiple end-user industries.

Country-niche players hold the largest market share, while regional players hold the second largest share. Some of the major players in the market include Infor, Oracle, SAP SE, Softeon, Tecsys, IBM Corp., Fishbowl, Manhattan Associates, 3PL Central LLC, Körber AG, Blue Yonder Group, Inc., Microsoft Dynamics 365, and others.

The leading global specialist companies such as Infor, Softeon, Tecsys, Fishbowl, Manhattan Associates, 3PL Central LLC, Blue Yonder Group, Inc., and Microsoft Dynamics 365 are highly focused on providing significant supply chain software for various functions that can be used across multiple industries, including Automotive, Food and Beverages, Healthcare, Logistics and Transportation, and more.

Recent Developments Related to Major Players

• In August 2022, Infor announced that Infor WMS has been implemented by Mooneh, a third-party logistics company handling storage and delivery on behalf of top worldwide pharmaceutical corporations.
• In September 2021, 3PL Central, a specialist in cloud-based warehouse management systems (WMS) developed for third-party logistics (3PL) warehouses, acquired Scout Software, a leading inventory and Warehouse Management system for brands and merchants expanding their e-commerce fulfillment capabilities.
• In April 2021, the Infor Warehouse Management Systems (WMS) has been released on the Amazon Web Services (AWS) cloud environment, according to an announcement by Infor Japan KK and Atena Corporation, Japan's top direct marketing and outsourcing firm.
• In May 2020, Manhattan Associates, Inc released the Manhattan Active Warehouse Management Solution. It is the first cloud-native enterprise-class warehouse management system (WMS) in the world, and it never needs to be upgraded.
• In April 2019, HighJump (Körber) debuted its most recent technology, HighJump CLASS, for the modelling and design of warehouse and logistics. HighJump CLASS equips companies throughout the world to maintain their competitiveness and connect to the future supply chain.

Conclusion

The Global Warehouse Management Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is anticipated to continue growing at a substantial rate of ~15% owing to the recent developments in global logistics, including delivery KPIs, enhanced supply chain flexibility, and cost-cutting, which have pushed 3PL and the supply chain sector to adopt warehouse management systems. The warehouse management system market is expanding due to rising e-commerce and customer online purchasing behaviors. Foreign investments in developing economies are being fuelled by several factors, including favorable trade conditions, progressive government policies, and lower company taxes. Consequently, one of the main areas for WMS market growth is in emerging nations. Though the market is highly competitive with ~ 500 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.

Market Taxonomy

By Deployment Type 

• On-premise
• Cloud-Based

By Component Type

• Hardware
• Software
• Services

By Tier Type  

• Advanced WMS (Tier 1)
• Intermediate WMS (Tier 2)
• Basic WMS (Tier 3)

By Function Outlook

• Labor Management System
• Analytics & Optimization
• Billing & Yard Management
• Systems Integration & Maintenance
• Consulting Services

By End User   

• Automotive
• Food & Beverages
• Healthcare & Pharmaceuticals
• E-commerce
• Chemicals
• Electricals & Electronics
• Metals & Machinery
• Retail & Consumer goods
• Education
• Transportation & Logistics
• Manufacturing
• Others

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
• LAMEA (Latin America, Middle East, Africa)

Key Companies         

• Infor
• Oracle
• SAP SE
• Softeon
• Tecsys
• IBM Corp.
• Fishbowl
• Manhattan Associates
• 3PL Central LLC
• Körber AG
• Blue Yonder Group, Inc.
• Microsoft Dynamics 365

North America 5G Equipment and Device Market is expected to reach US$ 320 Bn by 2030: Ken Research

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5G is the 5th Generation mobile network technology that delivers lower latency, which can enhance the functionality of corporate applications and other digital experiences including online gaming, videoconferencing, self-driving cars, etc.

According to Ken Research analysis, the North America 5G Equipment and Device Market is expected to record a positive CAGR of ~20% during the forecast period (2022-2030) and reach ~ US$ 320 Bn by 2030, driven by the growing demand for immersive content and enhanced broadband connectivity. The market for 5G devices is predicted to rise as connectivity, digital apps, and wearable technologies become more widely used. Additionally, modernizing current support infrastructures, such as modems, towers, and other support equipment, will open up a lot of doors for new players.

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The 5G’s high bandwidth and low latency capacities deliver a better experience for consumers, which is likely to leverage the deployment of 5G networks. The Covid-19 pandemic had a positive impact on the North American 5G Equipment and Device Market owing to the vital role of the mobile industry that developed focus during the pandemic as people relied on mobile networks to stay connected and access life-enhancing services. In 2020, 4% of GDP in North America was generated from mobile technologies and services. The data traffic per smartphone increased from 8.4 GB/month in 2019 to 11.1 GB/month in 2020 due to the high uptake of unlimited data plans across the region.

• The growing demand for immersive content and enhanced broadband connectivity is likely to leverage 5G’s high bandwidth and low latency capacities to deliver a better experience for consumers.
• According to the GSM Association, North America report in 2022, the 5G in the US accounts for 3% of the technology mix in 2020, and is estimated to account for 68% of the technology mix by 2025.

• US operators Verizon and AT&T are spending billions to deploy 5G in its C-band spectrum. Verizon is likely to spend about US$ 5 billion in 2022 and AT&T is expected to spend US$ 6 billion on its 5G deployment by 2023. With the rolling out of the C-band, the end user is likely to get faster speed.
• Owing to the surge in demand for 5G technology because of its low latency, operators have started investing in 5G technology providing a growth opportunity for the market.
• The deployment of the C-band spectrum is expected to drive the investment of US$ 293 billion for 5G by mobile operators in North America by 2025. It is expected to provide a middle ground for capacity and coverage of 5G networks.

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Key Trends by Market Segment

By Equipment vs Device: According to Ken Research analysis, the device segment holds the largest share of North America’s 5G Equipment and Device market, it is expected to reach a market share of ~40% by 2030.

• 5G device provides improvements in speed, capacity, latency, and network management features such as network slicing which enables mobile operators to create multiple virtual networks within a single physical 5G network.
• It provides better availability for real-time analytics.

By Testing Equipment: According to Ken Research analysis, the Signal and Spectrum Testing Equipment segment accounts for the largest share of the market, with an estimated market share of ~25% in 2021.

The growth of vector signal generators is likely to grow fastest, mainly attributed to low business risk factors and an increase in network traffic. Furthermore, the deployment of vector signal generators helps to prevent infrastructure delays and deployment issues.

The oscilloscope segment is expected to grow slowest during the forecast period (2022-2030), owing to the increase in demand for self-monitored facilities, and increased bandwidth which all are contributing to the increase of intelligence in electronic equipment. Oscilloscope has the advantage of an advanced user interface, and high acquisition rate, which is likely to drive the growth of the oscilloscope segment.

• In January 2021, Ericsson launched a 5G network slicing solution for radio access networks (RAN) which will enable communication service providers to deliver customized 5G services.
• Additionally, in February 2022, Samsung collaborated with industry-leading innovators—including providers of chipsets, cloud platforms, and servers—to expand the 5G vRAN ecosystem. This effort is made to drive multiparty collaboration and innovation for the advancement of software-based networks.

By Network Infrastructure: The Macro cell segment holds the largest market share in 2021 and is expected to grow at a CAGR of around 10% in the North America 5G Equipment and Device Market. Whereas the Small cell segment is expected to grow at a higher CAGR than the Macro cell segment during the forecast period.

• The small cell is cheaper to install and faster to deploy than the macro cell. Furthermore, it provides coverage in areas where signals are either weak or unavailable, which is likely to drive the growth of the small cell segment during the forecasted period.
• In addition, it uses low power as compared to the macro cell along with it also uses the available frequency spectrum by re-using the same frequency in a given area.

By Frequency: Mid-band is estimated to account for the largest market share of ~50% in 2022 and is forecasted grow further by 2030.

• Mid-band is estimated to grow, owing to its capacity of carrying plenty of data while traveling significant distances.
• Furthermore, mid-band supports larger channel bandwidths, they are considered ideal for 5G as it offers an optimal mix of speed, capacity, and coverage where connectivity demands are high.
• In May 2022, Nokia announced that it has extended its long-term relationship with UScellular to deploy the energy-efficient Nokia AirScale portfolio in mid-band C-Band and 3.45 GHz mid-band spectrum to boost its 5G network speed, capacity and coverage.
• In June 2022, NEC Corporation along with Tokyo Tech developed a 5G millimeter wave (mmWave). The innovative design applies two well-known techniques the Doherty amplifier and digital pre-distortion to a mmWave phased-array transceiver and overcomes the issues in conventional designs, producing exceptional energy and area efficiency and outperforming other state-of-the-art 5G transceivers.

By Device: The Smartphone segment holds the largest market share in the North America 5G Equipment and Device Market during the forecasted period (2022-2030).

• A smartphone is a portable computing device that combines mobile telephone and computing functions in one unit. It is a cellular device with advanced features owing to hardware capabilities and operating system which provide software, internet, and multimedia functionality along with calling and text messaging.
• It is connected to the cellular network and has Wi-Fi connectivity to access sophisticated applications.
• The smartphone segment is growing primarily due to the rise in demand for high-speed data for integrated Internet of things (IoT). The smartphone manufacturing player is estimated to adopt the 5G technology as a next-generation communication solution.
• In December 2021, Samsung launched Galaxy A13 5G in the United States. Samsung Galaxy A13 5G aims to provide key innovations at an accessible price, including 5G connectivity. It includes features such as a long-lasting battery, a triple-lens camera, and an edge-to-edge display.
• In March 2022, AT&T launched Samsung Galaxy Tab S8 5G+, which includes the fastest S Pen on nationwide AT&T 5G.

By End User Segment: The Individual segment holds the largest market share in the North America 5G Equipment and Device Market during the forecasted period (2022-2030).

• Individual segment includes internet-connected devices, smart TVs, and smart home devices.
• Rise in remote working, online learning, e-commerce, and virtual healthcare is likely to boost the residential 5G equipment and devices during the forecasted period.
• 5G network deployment with the development of 5G mmWave is likely to offer high-speed 5G Fixed Wireless Access (FWA) in both urban and low-density areas.
• The growth of individual segments is due to the surge in demand for 5G technology because of its latency, and the growing need for enhanced broadband capacity for virtual meetings. Furthermore, with the increasing popularity of virtual and augmented reality, artificial intelligence is likely to propel growth for the individual segment.
• In December 2021, Samsung launched Galaxy A13 5G in the United States. Samsung Galaxy A13 5G aims to provide key innovations at an accessible price, including 5G connectivity. It includes features such as a long-lasting battery, a triple-lens camera, and an edge-to-edge display.
• In February 2022, Samsung Electronics Co., Ltd. and SK Telecom (SKT) completed the industry’s first 5G-4G SA Option 4 (NE-DC, New Radio–E-UTRAN Dual Connectivity) trial in SKT’s 5G Standalone (5G SA) commercial network.

By Geography: The United States accounts for the largest share within the total North America 5G Equipment and Device market.

• US is forecasted to grow during the forecasted period, owing to the high subscriber penetration along with high consumer spending on 5G equipment and device.
• Canada is expected to witness growth as many wireless operators are expected to invest US$ 26 billion for the deployment of 5G infrastructure over the next few years hence propelling the growth of the 5G in the country
• Furthermore, an increase in the usage of mobile data is one of the main growth drivers. Mexico's mobile industry continues to be essential post-Covid-19. People have used the internet as a resource to work remotely and access educational and healthcare services. Due to this, mobile data traffic has increased significantly.

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Competitive Landscape

The 5G Equipment and Device market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche across multiple product categories.  Country niche players represent about ~55% of the competitors, while regional players hold the second largest share in terms of number of competitors. Some of the major players in the market include Samsung, Huawei Technologies Co., Ltd, ZTE Corporation, Cisco System Inc., AT&T, Anritsu, Ericsson, NEC Corporation, Verizon, BEC Technologies, and Key sight.

Recent Developments Related to Major Players

• In July 2022, Nokia joined AT&T Mexico’s 5G innovation lab as a strategic partner to explore the development of 5G use cases suited for Mexico and the local 5G ecosystem. Under the deal, Nokia will provide equipment from its energy-efficient 5G AirScale RAN portfolio, powered by its latest ReefShark System-on-Chip chipset.
• ZTE Corporation and Ooredeo Group signed the agreement for the supply of radio, cloud core, transport, and 4G/5G CPE/terminals as well as related implementation and integration services for the Ooredoo Group’s operating companies for the next five years in December 2021.
• In Nov 2021, Verizon announced its acquisition with TracFone Wireless, Inc. and TracFone, a family of brands, bringing the leading premium and value wireless brands together on the leading wireless network.
• In Feb 2022, Keysight Technologies, Inc. announced its acquisition with Sanjole, a leader in solutions for protocol decoding and interoperability of 4G, 5G, and other wireless technologies.
• Anritsu and AeroGT labs partnered in June 2022 to provide 5G Multiple-In Multiple-Out (MIMO) Over-the-Air (OTA) test platforms to characterize, test, and optimize antennas.
• On July 21, 2022, Ericsson acquire Vonage, with this acquisition Ericsson will create a market for easy-to-adopt global network application Program Interfaces which will drive the next wave of digitization.

Conclusion

 The North America 5G Equipment and Device Market are forecasted to continue the rapid growth that is witnessed since 2019, during the forecast period also, primarily driven by enhanced broadband connectivity and growing demand for immersive content.  Though the market is highly competitive with over 100 participants, few global players control the dominant share, and country niche players also hold a significant share.

Ken Research has published a report title North America 5G Equipment and Device Market Size, Segments, Outlook and Revenue Forecast 2022-2030 that is segmented by Equipment vs Device, Testing Equipment, Network Infrastructure, Frequency, Device, End User Application, and Generation and Delivery Mode. In addition, the report also covers market size and forecasts for the region's three major countries' 5G equipment and device markets. The revenue used to size and forecast the market for each segment in US$ billion.

Market Taxonomy

By Equipment vs Device                 

Equipment

Device

By Testing Equipment

Oscilloscopes

Signal and Spectrum Testing

Vector Signal Generator

Network analyzer

Others

By Network Infrastructure

Macro Cell

Small Cell

By Frequency

High-Band (mmWave)

Mid-Band (sub 6 Gz)

Low-Band (sub 1Gz)

By Device

Smartphones

Tablets

5G Hotspot Devices

Laptops

Others

By End User Segments

Individual

Industrial / Commercial Organizations

Government

By Geography

United States

Canada

Mexico

Rest of North America

Europe Green Hydrogen Market is expected to record a positive CAGR of 40% during the forecast period (2022-2030): Ken Research

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The Europe Green Hydrogen Market is expected to record a positive CAGR of ~40% during the forecast period (2022-2030), due to the rising demand for renewable energy sources, notably in electricity generation. The ongoing COVID-19 pandemic has benefited the green hydrogen industry, notably in 2020, by intensifying the trend toward decarbonization by minimizing hydrocarbon demand. Unlike grey and blue hydrogen, green hydrogen is generated by transmitting renewable energy through an electrolyzer, which separates water molecules into hydrogen gas and oxygen.

Rising demand for cleaner energy from all major industry sectors and escalating environmental issues arising from carbon emissions are major growth drivers for Europe’s Green Hydrogen market. For instance, according to Eurostat, a statistical office of the European Union located in Luxembourg, renewable energy sources accounted for 37% of total EU electricity consumption in 2020, up from 34% in 2019.

• In addition, wind and hydropower accounted for more than two-thirds of total renewable electricity generation (36% and 33%, respectively), while solar power increased from 1% in 2008 to 8% in 2020.
• Emergence of advanced electrolysis technologies is likely to create opportunities for a wide range of industries/sectors in the forthcoming years to reliably produce green hydrogen at a low cost from outages and evolving renewable energy sources. For instance, the EU hydrogen strategy proposed by the European Commission, plans for increasing renewable hydrogen production via electrolysis to 10 million tonnes of hydrogen by 2030, with an installed capacity of 40 gigatonnes (GW) electrolyzers.
• The high cost of producing hydrogen in comparison to fossil fuel equivalents is the most significant barrier to widespread green hydrogen adoption.

Key Trends by Market Segment

By Technology:  Alkaline Electrolysis Technology holds the largest share of Europe’s Green Hydrogen market.

• Alkaline Electrolysis Technique is a commonly used method for generating large amounts of hydrogen.
• The primary advantage of alkaline technology is that it uses a liquid electro catalyst instead of expensive metal materials.
• Alkaline electrolysis cells, which are well-known for their long-term stability and lifetime, can also be stacked in large quantities.
• For instance, in October 2021, the Council on Energy, Environment, and Water, an Indian non-profit research organization, asserted that alkaline electrolysis is the most commonly used technique or process to generate green hydrogen, with ~ 65% global market share, followed by PEM electrolyzers with ~35% market share.
• As per the International Energy Agency (IEA) statistics about global installed electrolysis capacity by technology from 2015 to 2020, alkaline electrolysis technology accounted for two-thirds of capacity in 2020, however PEM electrolyzers technology share increased from just 12% to 34% during this period.

By Application: Industrial Processes and Domestic Energy Systems together account for the majority share of the Europe Green Hydrogen Market.

Rising industrialization across European countries, as well as the large and centralized demand for hydrogen in refineries, chemical industries, and steelmaking, is fueling the demand for green hydrogen in Industrial processes, and Domestic Energy Systems.

• For instance, according to Eurostat, Germany recorded the highest value of sold industrial production in 2021, representing 27 % of the EU total, followed by Italy with 16%.
• According to European Construction Industry Federation (FIEC EU), in 2021, the volume of residential construction output in the Netherlands increased by 3.6%.
• The green hydrogen market in the mobility industry is expected to grow at the fastest rate during the forecast period (2022-2030), as green hydrogen provides three times more energy per unit than fossil fuels. In addition, the mobility industry had no other viable options for fossil fuels before the commercialization of fuel-cell-based engines. Furthermore, green hydrogen-powered vehicles are ideal for mining vehicles, trains, planes, Lorries, buses, and even marine transport. It is the best way to meet advanced countries' zero-carbon footprint targets.
• For instance, in April 2022, Transports Metropolitans de Barcelona (TMB), a Spanish transit company, announced in April 2022 its intention to incorporate 508 low-carbon buses by 2025, of which 233 will be electric and 46 hydrogen-powered.
• Additionally, in April 2022, The German Federal Ministry of Transport announced the investment of USD 644.72 Mn (600 Mn euros) for 1,600 low- and zero-emission buses.

By Generation and Delivery Mode: The captive segment holds the largest market share in the Europe Green Hydrogen Market as captive production meets the majority of Europe's hydrogen demand.

• According to the 2020 EU Fuel Cells and Hydrogen Observatory (FCHO) report, nearly 88% of total capacity is captive, while the remaining 12% is often supplied by merchant facilities.
• The merchant segment is expected to grow at a faster rate during the forecast period, owing to increased demand from small-scale industries, such as steel manufacturing and pharmaceuticals, as well as the limited capacity of medium-scale industries to afford high capital costs.
• In addition, increased investment in green hydrogen projects, combined with the company's ability to supply hydrogen at competitive prices, will drive its market growth.

By Geography: Germany accounts for largest share among all countries within the total Europe Green Hydrogen market, accounting for about 20% of total market revenue.

• France is expected to witness fastest growth during the forecast period, followed closely by Spain, owing primarily to solar and wind generation capacity growth. For instance, in December 2021, French government announced investment of nearly 2 bn euros (USD 2.14 bn) in green hydrogen technologies as part of its 2030 investment plan.
• In addition, the Spanish government created a "hydrogen roadmap" to help the country achieve climate neutrality and a 100% renewable electricity system by 2050, with goals for 2030 and a vision for 2050 to ensure that green hydrogen adds to the country's climate neutrality by 2050.
• The green hydrogen market in Poland and Italy is also expected to grow significantly in the coming years, as the Italian government has prioritized hydrogen in its plans for an ecological transition, and has made strong goals for the advancement and adaptation of this energy vector by 2030.
• Additionally, the growing adoption of hydrogen strategies for the adoption of e-fuel vehicles in Poland is increasing green hydrogen demand.

Competitive Landscape

The Green Hydrogen market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in water electrolysis tech advancement for multiple industries. Most of the country-niche players are renewable energy and equipment suppliers.

Large global players control about 45% of the market, while regional players hold the second largest share. Some of the major players in the market include Linde Plc., Shell Plc., Air Products and Chemicals Inc., Air Liquide, Thyssenkrupp AG, Nel ASA, Siemens Energy, Schaeffler AG, Toshiba Energy Systems & Solutions Corporation, Ballard Power Systems, Plug Power Inc., Bloom Energy and among others.

The leading global specialist companies such as Linde Plc, Shell Plc, Air Liquide, and Thyssenkrupp are highly focused on providing a significant number of clean/green hydrogen solutions and advanced techniques that can be used across multiple industries, including aviation, manufacturing, oil and gas, energy, and more.

Recent Developments Related to Major Players

• In July 2022, RWE, a German-based energy company, collaborated with Linde to build a 200 MW electrolyzer plant in Western Germany, to increase the site's green hydrogen production capacity to 2 GW by 2030.
• In August 2022, Shell confirms its plan to buy 4 solar plants being developed by Anesco, a UK-based solar energy company, to meet the UK's growing demand for renewable energy.
• In April 2022, Air Products announced that it will work collaboratively with World Energy, a U.S.-based company that produces and distributes biofuels, to construct a new USD 2 billion massive construction project at World Energy's California Sustainable Aviation Fuel (SAF) production and distribution hub.
• In May 2022, Air Liquide announced its plan to develop 3 GW of electrolysis for hydrogen production by 2030.
• In July 2021, Nel signed a partnership agreement for the PosHYdon project, an innovative energy transition initiative in the Dutch North Sea that intends to validate the integration of offshore wind, natural gas, and hydrogen, offshore in the Netherlands.
• In May 2021, Siemens Energy has partnered with Dubai Electricity and Water Authority (DEWA) and Expo 2020 Dubai to establish the Middle East and North Africa's first industrial-scale, solar-powered green hydrogen facility.

Conclusion

The Europe Green Hydrogen Market is forecasted to continue an exponential growth that is witnessed since 2019, during the forecast period also, primarily driven by rising demand for cleaner energy from all major industry sectors and escalating environmental issues arising from carbon emissions. Though the market is highly competitive with over 150 participants, few global players control dominant share and regional players also hold significant share.

Ken Research has recently published a report title Europe Green Hydrogen Market Size, Segments, Outlook and Revenue Forecast 2022-2030 that is segmented by Technology, Application, and Generation and Delivery Mode. In addition, the report also covers market size and forecasts for the region's six major countries' green hydrogen markets. The revenue used to size and forecast the market for each segment is USD billion.

Market Taxonomy

By Technology

Alkaline Electrolyzer

Proton Exchange Membrane (PEM) Electrolyzer

Solid Oxide Electrolyzer

By Application

Industrial Processes

Domestic Energy Systems (Residential Premises, and Commercial Premises)

Power Grids

Mobility

By Generation and Delivery Mode

Captive

Merchant (Pipeline/Tube Trailers, Liquid Tankers, Trucks, and Ships)

By Geography

Germany

The Netherlands

Poland

Italy

France

Spain

Rest of Europe (Belgium, the UK, Denmark, Norway, Sweden, Finland, Portugal, Austria, Romania, and Others

Global Cultured Meat Market is expected to reach nearly US$ 2,000 million by 2030: Ken Research

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According to Ken Research Analysis, the global cultured meat market is expected to record a positive CAGR of ~25% during the forecast period (2022-2030) and is expected to reach nearly US$ 2,000 million by 2030, owing to the increasing number of investments for research and development of cultured meat along with rising inclination towards environmental sustainability and animal welfare.

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Key Growth Drivers

Growing consumers’ preference for nutritional diets along with increasing innovation in cellular techniques to produce cultured meat are anticipated to propel the growth of the Global Cultured Meat Market during the forecast period.

• The rising number of investments by big giants like Cargill, Tyson, and others in cultured meat and the increased focus of manufacturers on producing slaughter-free meat to fulfill consumers’ demand for animal protein is likely to propel the growth of the Global Cultured Meat Market.

The global Cultured Meat Market faces challenges due to the high production cost and consumer skepticism towards lab-based meat products.

• The production cost for cultured meat is comparatively higher than that of conventional meat as cultured meat requires a growth medium to stimulate cell growth, which adds to the cost of the production and may hinder the growth of the market. However, intensive research and development are going on to reduce the cost of production. In addition, cultured meat is a new concept in the market, and skepticism of consumers toward lab-based meat products is also expected to restrict the growth of the market.

The COVID-19 pandemic positively impacted the Cultured Meat Market owing to the increased demand for nutritional products including meat products. Moreover, consumers are shifting towards nutritional diets or protein-rich diets to lead a healthier lifestyle, which is expected to increase the demand for animal products including cultured meat. Lab-based meat gained more attraction among consumers during the pandemic to scale up the healthy diet, which has benefitted the growth of the Global Cultured Meat Market.

Key Trends by Market Segment

By Source: The poultry segment held the largest share of the Global Cultured Meat Market by type in 2021, owing to the growing demand for poultry products in quick-service restaurants and the food service industry.

• The easy availability of cultured poultry products at affordable prices along with the rising popularity of poultry products among consumers has encouraged manufacturers to develop innovative cultured poultry products to meet consumers’ demand, which is expected to fuel the demand for the segment in the Global Cultured Meat Market.

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By End Products: The nuggets segment accounted for the largest share of the Global Cultured Meat Market in 2021, attributed to rising demand for on-the-go food products like nuggets and increasing consumption of snacking food products.

• The increasing consumption of meat products in the form of nuggets, especially chicken nuggets in various countries, is anticipated to aid the growth of the segment in the Global Cultured Meat Market.

By Production Technique: Scaffold-Based Technique segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide usage of the technique to produce cultured meat among various manufacturers.

• The rising adoption of the technique among cultured meat manufacturers due to simple usage and efficient scale-up is anticipated to boost the demand for the segment in the market.

By End-User: The food service industry segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the increasing trend for dining out globally.

• Rapid urbanization and an upsurge in disposable income along with an increasing number of hotels, restaurants, cafes, and others offering cultured meat products, is likely to boost the demand for the segment in the Global Cultured Meat Market.

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By Distribution Channel: Supermarkets/hypermarket segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide availability of different brands in one place, a large consumer base, and the capacity to hold multiple users simultaneously.

• The availability of a wide range of Cultured Meat end products of different brands in supermarkets or hypermarkets coupled with increasing demand for nutritional meat including cultured meat products among consumers are anticipated to propel the growth of the segment in the market.

By Geography: North America region accounted for the largest share of the Global Cultured Meat Market in 2021, owing to the high spending on research and development for innovative cultured meat products.

• The growing consumption of meat and meat products among North American consumers along with rising awareness regarding the benefits of cultured meat over conventional meat among consumers, is expected to augment the growth of the region in the Cultured Meat Market.

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Competitive Landscape

The Cultured Meat Market is highly competitive with ~100 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Cultured Meat.

Country-niche players comprise ~70% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Aleph Farms, AVANTMEATS, BlueNalu, Inc., Finless Foods Inc., Future Meat, Upside Foods, Meatable, Eat Just, Inc., MosaMeat, and Integri Culture Inc. among others.

The leading global cultured meat companies such as Upside Foods, Aleph Farms, and Eat Just, Inc. are highly focused on gaining investment for the research and development of new cultured meat products and on the production of slaughter-free meat products.

Recent Developments Related to Major Players

• In June 2022, AVANTMEATS, a Hong Kong-based cultured meat manufacturer, raised US$ 10.8 million in a Series A funding round. Multiple companies invested in Series A funding round but S2G Venture, has invested US$ 5 million in AVANTMEATS. The company aimed to secure investment to support its research and development for its cell-cultured seafood.
• In December 2021, Upside Foods, a manufacturer of cultivated meat, seafood, and poultry products, developed a breakthrough cell feed (also called media) that is completely animal component-free (ACF). This new development of media was the crucial step towards making cultivated meat cost-effective, delicious, and scalable along with protecting animal welfare and the environment.
• In July 2021, Aleph Farms, a manufacturer of sustainable, cultivated meat products, gained US$ 105 million in funding in a Series B funding round. The funding round was led by DisruptAD, the largest venture platform in the Middle East, and the Growth Fund of L Catterton, a consumer-focused private equity firm. The company aimed to utilize the funds for large-scale global commercialization of cultured beef steaks and to expand the company’s product portfolio.

Conclusion

The Global Cultured Meat Market is forecasted to continue exponential growth, primarily driven by the increasing number of investments to support the research and development of cultured meat products. Innovations in cellular agriculture and increasing focus to develop new techniques to produce culture meat that is cost-effective as well as efficient are likely to propel the growth of the market. Moreover, the rising inclination towards environmental sustainability and animal welfare is anticipated to boost the demand for slaughter-free production of meat. Though the market is competitive with ~100 participants, regional players control the dominant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Cultured Meat Market Size, Segments, Outlook, and Revenue Forecast 2022-2030 market is segmented by source, end products, production technique, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four region's Cultured Meat Market. The revenue used to size and forecast the market for each segment is US$ million.

By Source

• Poultry
• Beef
• Seafood
• Pork
• Duck

By End Products

• Nuggets
• Burger Patties
• Meatballs
• Hot Dogs & Sausages

By Production Technique

• Scaffold-Based Technique
• Self-Organizing Technique
• Cell Culture Media

By End-Users

• Households
• Food Services Industry
• Processed Food
• Pet Food Industry

By Distribution Channel

• Direct
• Wholesalers
• Hypermarkets/Supermarkets
• Specialty Stores
• Online Retail
• Other Retail Sectors

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
• LAMEA (Latin America, Middle East, Africa)

Key Players

• Aleph Farms
• AVANTMEATS
• BlueNalu, Inc.
• Finless Foods Inc.
• Future Meat
• Upside Foods
• Meatable
• Eat Just, Inc.
• MosaMeat
• Integri Culture Inc.

Global Industrial Starch Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global Industrial Starch Market was valued at ~US$60 billion in 2017. It is estimated to be ~US$ 85 billion in 2022 and is expected to reach a market size of ~US$ 125 billion by 2028 growing at a CAGR of ~7% during the forecast period (2022-2028). The increasing use of industrial starch as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient is expected to drive the demand for industrial starch during the forecast period.

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Key Growth Drivers

• Industrial starches can stabilize products like yogurt, bread goods, and convenience meals, manage texture, control moisture, and assist manufacturers to achieve the desired product quality. The worldwide industrial starch market is anticipated to benefit from increased customer knowledge and concerns about the food components used in food products and rising consumer preference for bio-based ingredients.
• The worldwide food and beverage sector is being significantly impacted by the trend toward clean-label ingredients and products. Furthermore, the rapid expansion of the food processing industry provides considerable potential for ingredient manufacturers to implement strategic steps to meet rising demand.
• Growing demand for sap sticks as a starch substitute in the paper and material industries is putting the global market's growth to the test. Significant R&D expenditures are also limiting the growth of the Industrial Starch Market during the period.
• During the COVID-19 pandemic, the pharmaceutical sector helped the industrial starch market to prosper. Starch is utilized in the pharmaceutical sector as a disintegrant and binder. Furthermore, the successful implementation of mass vaccination efforts in 2021 resulted in increased commercial activities.

Key Trends by Market Segment

By Type: The Native segment held the largest market share in 2021, due to several qualities, including high water restriction and maintenance, excellent feed texturization, and a longer usable lifespan.

• The original form of starch is native starches. They are frequently used in the formulation of foods, medications, and other industrial goods.
• By applying acids and other chemicals to the native starch at particular temperatures, the characteristics can be altered to fit a variety of uses.

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By Source: Corn segment held the largest market share in 2021, due to its diverse use as a very versatile ingredient in the food and beverage industry.

• A carbohydrate called corn starch is taken out of the endosperm of corn seeds. Corn starch is becoming more popular on the market since it is gluten-free. It is a good source of energy and protects those with nocturnal hypoglycemia from low blood sugar.
• Cornstarch is a thickening agent that is used in gravies, marinades, sauces, soups, and casseroles.

By Form: Dry segment held the largest market share in 2021, due to customers' preference for convenient foods that are readily available and have good nutritional value, dry industrial starch usage has expanded due to the busy lifestyle and high disposable income.

• The food industry employs dry starch. In food items, it serves as an emulsifier and a stabilizer. Dry starch is used in baked goods, confections, and frozen foods.

By Application: Food & Beverage segment held the largest market share in 2021, due increasing use of industrial starch in the bakery and confectionery industries.

• The global industrial starch market is anticipated to increase significantly due to the use of industrial starch in food and beverage.
• Starches are frequently utilized in meat processing for their ability to retain water and improve texture. To lower the cost of formulation and enhance texture, industrial starches are added to meat product formulations as water binders.
• Industrial starches are also widely utilized as emulsifiers and swelling agents in baking and confectionery.

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By Geography: North America accounted for the largest market share in 2021 of the global industrial starch market, due to the presence of numerous multinational food manufacturing and processing businesses, there is a rising need for industrial starch.

• The demand for native starch in this North America is expected to increase due to the expanding customer base's need for healthier food and beverage options and the manufacturers' increased adoption of new methods to reduce calories, fat, and sugar.
• Presence of leading companies operating in industrial starch, like Archer Daniels Midland Company, Grain Processing Corporation, and others, will catalyze the expansion of this market.

Competitive Landscape

The Global Industrial Starch Market is highly competitive with ~200 players which include globally diversified players, regional players, and country-niche players with their niche in the starch market.

Country-niche players constitute ~55% of the market, while the regional players are the second largest by type. Some of the major players in the market include Cargill, Incorporated, Tate & Lyle, AGRANA Beteiligungs-AG, Tereos, Archer Daniels Midland Company, Ingredion, Grain Processing Corporation, Roquette Frères, Cosun, Altia Inc., among others.

Recent Developments Related to Major Players

• In April 2021, Cargill Inc. has stated that it will broaden its specialty tapioca starch offerings in the Asia Pacific area. Cargill collaborated with Starpro, a Thai company that makes food-grade tapioca starch. To meet the product processing needs of food manufacturers and consumer expectations, it intends to grow in the Asia-Pacific region.
• In September 2021, Tereos Group announced the sale of its investment in starch operations in China to the YKA Group as part of its new strategy, which will be unveiled in June 2021. The business declared its intention to cut its debt and focused on its three key business operations.

Conclusion

The global industrial starch market is forecasted to continue its growth that is witnessed since 2017, due to its increasingly used as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient, leading to strong demand for industrial starch. Though the market is highly competitive with ~200 players, few global players control the dominant market share and regional players also hold a significant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global Industrial Starch Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four region’s Industrial Starch Markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Type	Native Starch Derivatives & Sweeteners
By Source	Corn Wheat Cassava Potato Others
By Form	Dry Liquid
By Application	Food & Beverage Paper Making Pharmaceutical Construction Paint and Coating
By Geography	North America US Canada Mexico Europe Germany UK France Spain Italy Rest of Europe Asia-Pacific China Japan South Korea India AustraliaRest of Asia Pacific LAMEA Latin America Middle East Africa
Key Companies	Cargill, Incorporated Tate & Lyle AGRANA Beteiligungs-AG Tereos Archer Daniels Midland Company Ingredion Grain Processing Corporation Roquette Frères Cosun Altia Inc.

 

Global Food Grade Lubricants Market is forecasted to grow approximately US$ 500 Million by 2028: Ken Research

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Food Grade lubricants are categorized under oil and grease, acceptable for use in meat, poultry, and other food processing equipment, application, and plants. Lubricants are broken into different categories on the likelihood they will contact food. As of now, food-grade lubricants are designated as H1, H2, and H3. The approval and registration of new lubricants into one of these categories are based on the ingredient used in the formulation.

According to Ken Research estimates, the Global Food Grade Lubricants Market – which grew from approximately US$ 200 Million in 2017 to approximately US$ 300 Million in 2022 – is forecasted to grow further into approximately US$ 500 Million opportunities by 2028, owing to the strict government rules and regulation on mandating the usage of food-grade lubricants.

• Surging the food and beverages industry, is likely to propel the growth of the food-grade lubricants market. For instance, as per Germany Trade & Invest, Germany is Europe’s largest food producer and the food & beverages industry represents the fourth largest industry sector in Germany. Exports of processed foods and agricultural commodities generated sales of US$ 70.21 Million in 2018, making Germany the third largest exporter of food and beverages worldwide. Rising health concerns regarding food safety among consumers, Government food safety regulations, and healthy investment in the food and beverages sector, are all those factors driving the food-grade lubricants market.
• Lack of technical knowledge about the Food-Grades such as H1, H2, and H3 among the manufacturers, is likely to cause a restraint for this market. NSF International, an American health organization, mentioned that lubricants registered as H1 or certified to ISO 21469 are considered food-grade. Manufacturers used conventional lubricants in food processing units or plants because of lower costs, which can degrade the quality of food.
• COVID-19 has decelerated the growth of the Food Grade Market. This is because of the temporary shutdown of assembly lines, disruption of the supply chain, restriction on manufacturing activities, and decline in the number of export and import of various food product types. But as the market is recovering and people are getting more aware of food safety, it is estimated that the food-grade lubricants market will grow significantly in the forecasted period.

Key Trends by Market Segment:

By Product Type: The mineral segment accounted for the largest market share in 2021, as it is used for multiple applications such as food, beverages, cosmetics, and others.

• According to Enerdata, an energy intelligence company, stated in a report that global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020.
• In 2021, as stated by Enerdata, the US crude oil production (17% of global output) increased by 1.3%. Increased production of crude oil is likely to propel the growth of the mineral oil product segment.

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By Grade: The H1 segment accounted for the largest market share in 2021, owing to the extensive usage in the food industry.

• H1 lubricants are food-grade lubricants used in food manufacturing plants where there is less possibility of occasional contact with food.
• H1 lubricants are produced with a base oil like polyaphaolefines, polyalkenes glycol, and easter, mixed with additives, that help in to maintain the quality of food.

By Application: The food application segment held the largest market in 2021, owing to increased usage, and multiple applications in various sub-sector in the food industry.

• As per Invest India, India ranks 1^stin milk production and contributes 23% of milk production growing at a CAGR of ~6.2% to reach 209.96 MT in 2020-21.
• According to the USA Department of Agriculture, Japan’s food processing industry manufactured US$ 218.3 billion in food and beverages products.

By Geography: Europe accounted for the largest market share within the global food-grade lubricants market in 2021, owing to the presence of various renowned companies.

• According to European Commission, the food and drink industry is the EU’s biggest manufacturing sector in terms of jobs and value-added.  The rising food and drink industry are likely to fuel the demand for food-grade lubricants.
• Presence of leading companies operating in adult incontinence products, like Lanxess, Eni, SKF, FUCHS Petrolub SE, and others, will catalyze the expansion of this market.

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Competitive Landscape:

• The global food-grade lubricants market is significantly competitive with ~100 players which include globally diversified players, and regional players as well as a majority number of country-niche players having their niche in manufacturing food-grade lubricants products for various applications. Country-niche players comprise the largest share by competitor type, while large global players comprise about 15% of the competitors by type. Some of the major players in the market include CITGO, Lanxess, Exxon Mobil, Eni, SKF, FUCHS Petrolub SE, Dow Chemical Company, Total Energy, ENEOS Corporation, Phillips 66, and others.

Recent Developments Related to Major Players

• In September 2022, Piedmont Lithium announced an investment of US$582 million to establish a lithium hydroxide processing, refining, and manufacturing facility in Southeast Tennessee.
• In February 2022, RelaDyne acquired The Farley Company, a distributor of an extensive line of lubrication and chemical products. This acquisition will expand RelaDyne’s distribution capabilities in the northern Ohio area, Columbus, and Akron markets.
• In June 2021, the FUSCH group acquired Gleitmo Technik AB, Sweden to strengthen the specialty lubricating business.

Conclusion

The global food-grade lubricants market witnessed significant growth during the period 2017-2021, owing to the increasing application of food-grade lubricants in the food and beverage industry. The growth rate is expected to remain significant during the forecast period.

Though the market is significantly competitive with ~100 participants, the majority of country-niche players dominate the market share by type, and global players hold a significant market share.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has published a report title Global Food Grade Lubricants Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 That is segmented by product type, grade, and application. In addition, the report also covers market size and forecasts for the four regions in the Food Grade Lubricants Markets. The revenue used to size and forecast the market for each segment is US$ Million.

Market Taxonomy

By Product Type

Mineral

Synthetic

Bio-Based

Others

By Grade

H1

H2

H3

By Application

Food

Beverages

Pharmaceuticals

Others

By Geography

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Spain, Italy)

Asia Pacific (China, Japan, South Korea, India, Australia)

LAMEA (Latin America, Middle East, Africa)

Key Players

CITGO

Lanxess

Exxon Mobil

Eni

SKF

FUCHS PETROLUB SE

Dow Chemical Compamy

Total Energy

ENEOS Corporation

Phillips 66