Explore the Growth Potential of Biogas Market in coming years

Prominent market trends identified in the global biogas market include mergers and acquisitions between market players, and technology transfer by major companies to sustain or strengthen their market share. A number of these activities are supported by governments in order to reduce dependency on conventional energy sources and to reduce the threat from global warming and harmful effects of greenhouse gases. 

Biogas is produced by anaerobic fermentation of biodegradable materials or by the action of anaerobic organisms (bacteria) on organic matter. Mostly, the gas is produced by decomposing municipal waste, plant materials, food waste, and manure. In this process, organic matter is biologically broken down in the presence of oxygen. Anaerobic fermentation allows manufacturers to convert unwanted gases such as nitrous oxide and methane into biogas. The gas is a mixture of approximately 50–70% methane and 30–40% carbon dioxide.

The biogas market is driven by factors like high amount of carbon and greenhouse gas emissions from conventional energy sources, rapid growth in demand for energy sources, depleting conventional sources, and volatile crude oil prices.

Power generation and automobiles are the foremost sectors where most of the energy being used. Additionally, these sectors emit a large volume of greenhouse gases. The high-volume emission levels have led governments to develop favorable regulatory policies toward incentivizing adoption of greener fuels while reducing the dependency on fossil fuels. Across the globe, governments are giving subsidies to encourage the production of biogas and in response to it, many companies are venturing into this growing market and setting up new plants. All these factors are anticipated to contribute to growth of the biogas market.

On the basis of application, the biogas market is classified into power generation, domestic fuel, and vehicle fuel. Among these, power generation category holds the significant share in the market. 

On the basis of region, the biogas market is categorized into APAC, North America, Latin America (LATAM), Europe, and Middle East and Africa (MEA). Europe is expected to hold significant share in the market during the forecasted period. Several European countries work together in the European Biogas Association, whose directives are to curb carbon emissions. Major biogas producing countries in the region are Germany, Italy, France, and Switzerland. Furthermore, other countries such as Belgium, Slovakia, Hungary, and Czech Republic are strengthening their production levels for biogas. The rapid industrial growth along with increasing importance of renewable power generation in China and India is expected to increase the demand for the gas in APAC region.

Research Study of LNG Bunkering Market

LNG bunkering is the practice of providing LNG fuel to ships for their consumption. Many laws by international organizations and governments are focusing on encouraging the adoption of LNG as a marine fuel, which, in turn, is supporting the growth of the LNG bunkering market, globally.

Growing adoption of liquefied natural gas (LNG) as a bunker fuel and technological advancements in ship-to-ship LNG bunkering are the key trends witnessed in the LNG bunkering market. 

In the report, the LNG bunkering market is segmented on the basis of end user and region. Based on end user, the market is classified into tanker fleet; container fleet; bulk and general cargo fleet; and ferries and offshore support vehicles.

Based on region, the market is categorized into North America, Europe,

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Asia-Pacific (APAC), Latin America, and the Middle East and Africa. Historically, Europe accounted for a significant share in the global LNG bunkering market. This can be attributed to the early adoption of LNG as a marine fuel and the presence of emission control areas (ECAs) in the region.

In addition, European countries are framing stringent environmental regulations for reducing air pollution, which, in turn, is expected to encourage the adoption of LNG as a marine fuel in the region. North America is also a prominent market for LNG bunkering. The LNG bunkering market in the region is primarily driven by the upsurge in shale gas exploration and stringent environmental regulations implemented by the government.

Benefits of using LNG as a marine fuel, global concerns over increasing air pollution, and stringent regulations on gas emissions are expected to drive the growth of the LNG bunkering market in the coming years.

The growing public support toward ECAs and introduction of global regulations for these areas are expected to encourage the adoption of LNG as a marine fuel, thereby generating ample growth opportunities for the players operating in the LNG bunkering market.

ECAs are the sea areas where stringent regulations are established to control airborne emissions of sulfur from the marine modes of transportation. From May 2005 to June 2010, the sulfur emission limit was 15,000 ppm in ECAs, which was reduced to 10,000 ppm during July 2010–December 2014. The limit was further reduced to 1,000 ppm in January 2015, which can be viewed as a propellent for the growth of the LNG bunkering market.

Frozen Food Market Future

Frozen foods are foods stored beneath zero-degree temperature for maintaining their moisture content at a solidified state. This helps frozen food to be preserved for longer time than fresh food. One of the factors that are contributing towards the expansion of frozen foods around the world is the shift in consumer lifestyle which is influencing consumers towards ready to eat food products on account of saving cooking time. Freezing or refrigeration provides consumers with access to seasonal foods and also refrigeration facilitates consumers to preserve their food products for future use. Vegetables and fruits are plucked from farms, frozen and transported across the globe. Growing number of working women globally, coupled with hectic routine is also expanding the worldwide demand of frozen food.

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The import of frozen chilled beef from Australia, which was earlier banned, is now allowed by Chinese government. The increase in frozen food trade is also expected to boost up the global frozen food market over the next several years. Moreover, food outlets such as Pizza Hut, McDonalds, Burger King Corporation, and KFC have now started to stock frozen food products to supply surging fast food demand and ensure food availability for a longer period. Frozen food saves the time of cooking in addition; frozen food provides the customers an opportunity to enjoy any regional dish or any seasonal fruits, vegetables throughout the year.

Based on different product type, global frozen food market can be segmented as frozen vegetables and fruits, frozen meat, frozen fish, frozen seafood, frozen soup, frozen potato, frozen ready meals (such as pizza, potatoes, snacks), and frozen desserts. On the basis of freezing methods, global frozen food market can be categorized as contact freezers, air blast freezers, belt freezers and tunnel freezers.

Based on various active packaging techniques used for the frozen food packaging, global frozen food market can be categorized as antimicrobials, edible films, oxygen scavengers, time temperature indicators and moisture control.

Growing demand for convenience among customers, faster food preparations, avoidance of harmful preservatives, high demand from emerging countries, increasing usage of refrigeration systems for industrial and commercial freezing, and availability of regional and seasonal foods are some factors that are driving the growth of global frozen food market.

Detailed Analysis Report of Germany Automotive Digital Services Market

The rise in in-vehicle connectivity is one of the major factors driving the growth of German automotive digital services market. In the last few years, the sales of vehicles equipped with the in-vehicle connectivity feature has increased in Germany. This trend is expected to continue during the forecast period with increasing integration of the in-vehicle connectivity feature in the new vehicles sold.

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Insights on market segments

The German automotive digital services market is segmented on the basis of type into mobility on demand, logistic fleet management, in-vehicle digital services, Advanced Driver Assistance Systems (ADAS), and IoT. Logistic fleet management is estimated to be logistic the fastest growing service type during the forecast period. This is because of the increasing fleet size, growing need to monitor the driver behavior, and rising demand for theft-tracking devices.

Among dashboard infotainment services, navigation is estimated to account for the largest share in the industry in 2017. During the forecast period, navigation services are expected to witness the highest growth, mainly driven by the increasing customer demand for real time traffic updates and location finder features, such as global positioning system (GPS) and road direction guidance. Increasing convenience and customization, in addition to easy access to value-added information, such as that on vehicle diagnostics, fuel, traffic, and weather, will continue to drive the German automotive digital services market during the forecast period.

Competitive Landscape

Some of the leading player in the German automotive digital services market includes Uber Technologies Inc., Daimler AG, Robert Bosch GmBH, TomTom NV, FEV Group, MAN SE, Continental AG, Bayerische Motoren Werke (BMW) Group, and Volkswagen AG.

GERMANY AUTOMOTIVE DIGITAL SERVICES MARKET SEGMENTATION

The below information is provided for all the above-mentioned categories

• Mobility on demand
  • Ride hailing and sharing
  • Car sharing
• Logistic fleet management
• In-vehicle digital services
  • Dashboard infotainment
    • Entertainment
    • Navigation
    • Call
  • Advanced driver assistance system (ADAS)
  • Internet of things (IoT)
    • E-Call/B-Call Services
    • Usage based Insurance Services
    • V2X Services
  • Value
  • Number of Users
  • Frequency of Usage
  • Time of Usage

Tesla and General Motors are estimated to be the leading players for electric car market in North America

According to a recent research report published by P&S Intelligence, the global Electric Car Market size is projected to attain a size of 52,72,312 units by 2023. The government financial incentives such as subsidies and tax rebates on the purchase of electric cars and non-financial support, such as access to high-occupancy vehicle lanes and preferential parking for electric cars, are the major drivers for the growth of Electric Car Market.
BEVs are expected to have a larger share than PHEVs during the forecasted period, as government subsidies and schemes continue to favor BEVs over PHEVs, as they are eco-friendlier. For instance, in France, electric cars emitting up to 20 g CO2/km (mostly BEVs) receive more tax exemptions than electric cars with 21 g to 60 g CO2/km (mostly PHEVs). Similarly, in the U.S., the Zero Emission Vehicle (ZEV) credit for BEVs is more than that for PHEVs, which is encouraging the car companies in the region to sell more BEVs than PHEVs. If the incentives on PHEVs will be few or phased out, sales will be affected. For instance, in the Netherlands, tax incentives were removed for PHEVs in 2016, which led to a decline in their sales in the country.

Battery accounts for a considerable share in the total cost of an EV. For BEVs to become cost competitive with conventional cars, the cost of battery packs should fall below $120/kWh. Electric car battery pack prices dropped by more than 77% during the 2010–2016 period to $227/kWh. The cost of lithium-ion (Li-ion) batteries is expected to further decrease in the coming years, which is expected to benefit the EV market. The lower price of batteries will open new opportunities for the players in the market to increase their battery capacity and range, which, in turn, will expand the market too. The figure shows the decline in the average price of Li-ion batteries in the 2010–2016 period.

The global EV market was highly fragmented in 2016, with top three players accounting for less than 50% of the total sales. BYD stood as the market leader in 2016 because of its market dominance in China and popularity of its Tang and Qin electric cars. BYD was closely followed by the Renault–Nissan–Mitsubishi Alliance because of the growing popularity of the Nissan Leaf and the Mitsubishi Outlander. Tesla accounted for more than 10% of the global EV sales in 2016, benefited by the demand for its Model S and Model X. Other important players in the market included BMW, General Motors, and local Chinese companies, such as BAIC.

Denim – The epitome of the expected, unexpected, and everything else!

On any given day, majority of the population around the world is quite proactively attired with blue jeans, jackets, and with other forms of dress made out of denim. Due to the ubiquitous existence of denim products, it could be insinuated with certitude that denim is a global phenomenon. This transition to a global entity occurred within a span of a decade during the early to middle 20^th century. The dungaree represented the trials and tribulations of humans, consequently obscuring the lines of boundaries of all kinds (class, culture, gender, generation, or religion). Later the trials of Great Depression, which resulted in circumstances and events that encouraged the general public to assign blue jeans as stylistic and emblematic of versatility, which further fuelled the grow of the denim market.

Fast-forwarding to the present day, the global denim market is being primarily driven by a noteworthy shift in Asian retail clothing industry, an ever-expanding e-commerce sector, and rapid organization of the retail sector. Based on the type of products made of denim, the market is categorized into dresses, jackets and shirts, jeans, and others (tops and shorts). Out of the aforesaid categories, jeans viz. cropped, distressed, and rugged jeans occupied the maximum share of the denim market. Before all foregoing, the traditional blue jeans still at the acme of the denim market and are still being embraced across the world irrespective of the age.

From a regional perspective, the APAC denim market is expected to experience the fastest growth during the forecast period. This development is credited to the increasing availability of disposable income, expansion of working-class people, abundance of raw materials, and access to relatively cost-effective labor resources.  These factors are also accompanied by favorable governments’ policies of the emerging economies.

Distribution channel for denim clothes includes department stores, exclusive stores, hypermarkets and supermarkets, online stores, and specialty stores. Among these, the most common distribution channel is the specialty stores because they make a variety of brands available to consumers. Additionally, the online channel has emerged as the preferred means of sales for denim vendors, as it provides a wider room for customized denim products and subsequently attains client satisfaction. Benefit of e-commerce is also being leveraged by premium denim designers that has not only paved a way for driving revenue, but also acts as a platform for brand awareness.

The growth of denim market is faced with impediment from the growing preference of yoga pants and the incrementally global recognition of athleisure. However, the leading players in the market are increasingly engaging in collaboration with supply chain consultants to enhance their entire supply chain. Additionally, due to the environmentally hazardous process of producing denim products, the key players are increasingly transitioning to an effective and efficient means of regulating the inclusion of such chemicals. Further, they are also actively engaging in projects, which encourage the recycling of denim products.

Use of polyester in denim products is the key trend in the market. Raymond Ltd. and Arvind Ltd. are observing polyester as one of the best fiber to use as it provides durability and is abrasion-resistant.

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