Electricity Generating Tires Market- Technological Advancements In Automobile Industry By 2025

Environmental concerns such as pollution caused by greenhouse gases, vehicle emissions, industrial effluents, and other harmful exhausts have become a key concern around the world. The hazardous effects of pollution on the environment and human lives have led to rising awareness among industries which motivates them to opt for environment-friendly production processes and commodities. Changing consumer preferences for environment-friendly products have resulted in the use of renewable processes for power generation in an effort to reduce the global carbon footprint.

The automobiles sector has been under the radar for contributing significantly to the rise in global pollution levels. Technological advancements in the production of automobiles such as the introduction of electrically operated vehicles and usage of advanced materials are in line with the global shift toward environment-friendly products. Automobile manufacturers are investing extensively into research and development to offer innovative solutions and cater to the changing consumer demands.

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Battery-operated vehicles are an emerging trend, especially in Asia Pacific. This technology was pioneered in North America and Europe, indicating that the market in these regions is already mature. This has led to the curbing of pollution caused by vehicle emissions. However, the need for batteries to generate power has limited the use of electric vehicles to short trips. Goodyear unveiled the concept of electricity generating tires at the Geneva Auto Show in 2015. Piezoelectric materials are employed to generate electricity through the mechanical strain on the tires of a moving vehicle. Electricity is produced by converting the heat and motion into electric current when the vehicle moves.

Increasing awareness about pollution among consumers and technological advancements in the automobile industry are the key factors driving the electricity generating tires market. Also, the rising disposable incomes and expenditure boost the demand for innovative automotive solutions offered by manufacturers. The cost incurred in the incorporation and maintenance of the piezoelectric system is a major factor restraining the development of the market.

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In terms of geography, the electricity generating tires market can be distributed over North America, South America, Europe, Asia Pacific, and Middle East & Africa. Consequently, the increasing population and rising establishment of automobile manufacturing plants in Asia Pacific are projected to fuel the demand for electricity generating tires. In addition, low labor costs and mounting disposable incomes are likely to propel the market in Asia Pacific. North America and Europe account for a larger market share due to presence of key automobile companies and technological advancements in the development of innovative automobile solutions in these regions. Key players in the industry are focusing on capturing the market in emerging economies such as China and India which are characterized by a rapidly developing automobile industry, high GDP, swift industrialization, and increasing investments of global automobile players into the region.

The electricity generating tires technology is being pioneered by the Goodyear Tire & Rubber Company; however, its potential competitors such as Bridgestone Corporation, Michelin SCA, Continental AG, Pirelli & C. SpA, Nokian Tyres PLC, Sumitomo Rubber Industries Ltd., and Yokohama Rubber Co. Ltd. could adopt this technology as well.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

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