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EV Transmission System Market Set to Total USD 53342.8 Million by 2034 Amid Rising Requirement for Lightweight and Efficient Battery Solutions

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Fueled by environmental concerns and government support for electric vehicles, the global EV transmission system industry is experiencing significant growth. Asia, particularly India with its high projected CAGR, is becoming a dominant region due to its manufacturing base and government initiatives. While single-speed transmissions are currently leading the market, technological advancements in response to the rise of autonomous vehicles will likely shape the future of this industry. Collaborations between automakers and suppliers are expected to drive further improvements in efficiency, weight reduction, and overall system performance.

NEWARK, Del., June 13, 2024 /PRNewswire/ — According to Future Market Insights, Inc., the global EV transmission system industry, valued at USD 5157.3 million in 2019, rose at a CAGR of 11.3% from 2019 to 2023. The market reached a value of USD 8799.9 million by 2023. The market is expected to reach a value of USD 10366.2 million in 2024 and USD 53342.8 million by 2034.

Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-16027

The industry’s growth is driven by environmental concerns, government initiatives, and the increasing popularity of single-speed transmissions. Technological advancements and emerging economies are also pushing the market, with Asia emerging as the dominant sector due to its extensive production base and government support.

India is expected to dominate the EV transmission system sector from 2024 to 2034, with a CAGR of 26.5%. China is the global leader, with a CAGR of 19.9%. Spain’s industry is expected to rise by 13.4%. Battery electric vehicles will likely hold a 44.4% value share in 2024.

As autonomous driving technologies become more prevalent, transmission systems are projected to need intelligent interfaces. Technological advancements are driving the expansion of the electric vehicle transmission system market, with strategic partnerships between automakers and suppliers enhancing efficiency, weight reduction, and system performance to meet evolving vehicle requirements.

Key Takeaways from the Market Report

The EV transmission system market is set to reach USD 53342.8 million by 2034 with a CAGR of 17.8%.By vehicle type, battery electric vehicles are leading the market with a value share of 44.4% in 2024.Based on transmission type, the single-speed transmission segment will likely account for a value share of 67.4% in 2024.India is estimated to record a CAGR of 26.5% between 2024 and 2034.China will likely remain dominant and expand at a CAGR of 19.9% by 2034.

“Asia Pacific is emerging as the dominant region for the electric automotive industry. Leading countries are anticipated to significantly contribute to the growth of the market in the coming decade,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Who’s Winning?

The EV transmission system industry is poised for steady growth, leading to surging competition among manufacturers. Key players, such as Allison Transmission Inc., Aisin Seiki Co., Ltd., AVL List GmbH, and Continental AG, will need to prioritize lightweight and affordable batteries to meet the evolving requirements of consumers.

The EV transmission system market is growing due to surging global sales. However, it is fragmented, thereby creating opportunities for new entrants. The race for superior transmissions is ongoing, leading to advancements in materials and designs. Manufacturers aim to extend EV range with minimal power loss. Balancing performance, affordability, and efficiency is also crucial. Market consolidation is expected with technology advancements.

Industry Updates

Hyundai and Kia, in November 2023, unveiled the novel EV drivetrain system called the “Uni Wheel,” which can be used on the wheel.Toyota, headquartered in the city of Toyota, in December 2023, announced the launch of a stimulated manual EV transmission featuring up to 14 gears.

Purchase now and gain full access to the EV Transmission System Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

Get More Insights into the EV Transmission System Market Research Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the EV transmission system market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the industry potential, growth, and scope, the industry is segmented based on vehicle type (battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles), transmission type (single speed and multi-speed), transmission system (AMT transmission, CVT transmission, AT transmission, and others), and regions.

About Automotive Division at Future Market Insights 

The Automotive division of FMI offers extensive coverage and valuable insights about the automation industry, including areas such as robotics, artificial intelligence, machine learning, and process automation. Our market research findings and competitive intelligence help various industry stakeholders, including manufacturers, technology providers, distributors, and service providers, make informed decisions and stay updated with the latest market trends and developments.

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI’s Extensive Coverage in the Automotive Domain:

Dual Clutch Transmission Market Analysis by Passenger Vehicles and Commercial Vehicle for 2024 to 2034. – Review and Request to Access the Sample Report.Electric Vehicle Battery Market by Less than 20 kWh, 21 to 40 kWh, More than 41 kWh, Growth Opportunities & Forecast, 2023-2033. – Review and Request to Access the Sample Report.Electric Vehicle Insulation Market By Material, Insulation Type, Application, End-use & Region | Forecast 2023 to 2033. – Review and Request to Access the Sample Report.Automotive Bearing and Clutch Component Aftermarket by Wheel Bearings and Clutch Actuators, 2023 to 2033. – Review and Request to Access the Sample Report.Automotive Diagnostic Scan Tool Market Analysis by Scanners and Code Readers through 2034. – Review and Request to Access the Sample Report.Splash Shield Market Analysis by Plastic and Fiberglass through 2034. – Review and Request to Access the Sample Report.Automotive Test Equipment Market Analysis by Chassis and Engine Dynamometer through 2034. – Review and Request to Access the Sample Report.Machine Condition Monitoring Market Analysis by Oil Analysis and Thermography through 2034. – Review and Request to Access the Sample Report.Automotive Active Safety System Market Analysis by Anti-lock Braking System and Driver Monitoring through 2034. – Review and Request to Access the Sample Report.Vehicle-to-grid Market Analysis by Battery Electric Vehicles and Fuel Cell Vehicles through 2034. – Review and Request to Access the Sample Report.E-rickshaw Market Analysis by Passenger Carrier and Load Carrier through 2034. – Review and Request to Access the Sample Report.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Technology

Pollo AI Releases Multi-Model Support, Offering All-in-One Video Generation Capabilities

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38 minutes ago

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January 13, 2025

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SINGAPORE, Jan. 12, 2025 /PRNewswire/ — Pollo AI, an innovative leader in AI-powered video generation, today announced the launch of a new feature that allows users to select from a range of well-known AI video models, making it an all-in-one AI video generation platform.

With the introduction of multi-model support, users can now choose from popular AI video models on Pollo AI, including Kling AI, Hailuo AI, Runway, Vidu AI, Luma AI, and PixVerse. The multi-model support is available on Pollo AI’s text to video and image to video generators. These model options enhance the versatility and customization of the Pollo AI platform, empowering creators to experience different technologies to produce their videos.

Camille Sawyer, CEO of HIX.AI, the parent company of Pollo AI, expressed her enthusiasm for the new feature, stating, “At Pollo AI, we believe in fostering creativity without limits. By integrating multiple AI models, Pollo AI has become an all-in-one platform enabling our users to explore diverse cutting-edge video generation technologies at one place.”

Each model offers distinct customization options that cater to various creative needs, such as output video style, video length, resolution, motion range, aspect ratio, and camera movement. This feature is designed to provide users with the flexibility to bring their visions to life in ways that best suit their projects on Pollo A.

It is seamless and intuitive to access and use the different models offered in this all-in-one AI video generator. After log in to your Pollo AI account, on the UI of the generators, you’ll find the option to select from the various available AI models. After choosing your preferred model, you can customize the settings it comes with and start your generation.

“We believe the multi-model support will ultimately enhance their storytelling capabilities,” Camille added. “This update is a testament to our commitment to innovation and our dedication to supporting creators in their artistic journeys.”

This multi-model support feature is now available to all users. For more information about this feature and to start creating with any of the models, visit https://pollo.ai/text-to-video or https://pollo.ai/image-to-video.

MEDIA CONTACT
Camille Sawyer
CEO, HIX.AI
support@pollo.ai 

View original content:https://www.prnewswire.com/news-releases/pollo-ai-releases-multi-model-support-offering-all-in-one-video-generation-capabilities-302348811.html

SOURCE Pollo AI

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SUS ENVIRONMENT, Global Leading WtE Corporation, Launches New Brand Identity

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38 minutes ago

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January 13, 2025

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SHANGHAI, Jan. 13, 2025 /PRNewswire/ — As the world’s population grows and industrialization accelerates, the conflict between energy and the environment is intensifying. The search for a balance between energy supply and environmental protection has become a crucial issue for global sustainable development.

In January 2025, SUS ENVIRONMENT launches new global brand identity. This renewal improves the brand image and enriches the brand connotation, bolstering its commitment to global sustainable development.

PART 1: Logo Renewal

The abbreviation “SUS”,” which is derived from “sustainable”,” emphasizes the company’s mission to create a cleaner and more friendly living environment through waste-to-energy solutions. Inspired by the traditional Chinese Tai Chi diagram, the graphic incorporates the concept of cyclic generation, shows the characteristics of energy recycling and expresses the brand endless vitality.

PART 2: Mission Connotation Expansion  

The refreshed brand highlights SUS ENVIRONMENT’S unwavering focus on stakeholder benefits:

Environmental Impact: Solving waste disposal challenges to create cleaner environments.Employee Well-Being: Promoting diversity, equity and inclusiveness to enhance employee satisfaction.Community Engagement: Building supportive environments to improve community living standards.Business Integrity: Establishing fair and transparent practices to strengthen partnerships.

PART 3: Brand Colors

The primary colors of SUS ENVIRONMENT are blue and green to symbolize technological innovation and environmental protection. They are complemented by metallic gold and technical silver to convey high quality and stability. Together, these colors embody the core values of the brand: Professionalism, Innovation, Vitality, and Trustworthiness.

The new global brand identity heralds the next chapter for SUS ENVIRONMENT. In the future, SUS ENVIRONMENT will leverage its strength to make the world a better place.

About SUS ENVIRONMENT

SUS ENVIRONMENT is the world’s largest provider of waste incineration equipment and technology, as well as one of the top three investors and operators of waste-to-energy projects (low-carbon Eco-industrial parks) globally. 

As of June 2024, SUS ENVIRONMENT has established 10 management centers worldwide, providing environmental and energy services to over 100 million people. It has invested in and constructed 84 waste-to-energy projects (low-carbon Eco-industrial parks), with a daily processing capacity 110,000 tons of municipal solid waste and annual green power generation of approximately 18,000 GWh. Its equipment and technology are applied in 277 waste-to-energy plants across the world, comprising 518 incineration lines, with a daily capacity 290,000 tons of municipal solid waste. 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sus-environment-global-leading-wte-corporation-launches-new-brand-identity-302348819.html

SOURCE Shanghai SUS ENVIRONMENT Co.,Ltd.

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MitrEarth, a knowledge platform, identifies risk points, provides disaster warning, reduces losses

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38 minutes ago

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January 13, 2025

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BANGKOK, Thailand, Jan. 13, 2025 /PRNewswire/ — MitrEarth, an innovative online platform developed by Chulalongkorn University lecturers, simplifies geological knowledge and provides cutting-edge topographic data for each Thai province. It identifies risk points, delivers disaster warnings, and enhances community preparedness. The platform gained prominence when heavy rains and muddy water devastated Mae Sai District, Chiang Rai Province, raising urgent questions: Where will the water flow? Will it reach our homes? Should we prepare to relocate?

Created by Prof. Dr. Santi Phailobli from Chulalongkorn University’s Department of Geology, MitrEarth addresses these concerns. Since its launch in 2019, it has become a trusted source for disaster-related information, gaining over 200,000 followers. Its topographic maps, developed using GIS tools and satellite data, enable users to understand their local terrain and assess disaster risks. These maps have been utilized by local authorities and public pages for disaster warnings and response planning.

During recent floods in Chiang Rai, Lampang, and Sukhothai, MitrEarth’s maps provided actionable insights. Pages like Chiang Rai Conversation and Ramrome Weather cited MitrEarth to warn residents in vulnerable areas. As Dr. Santi emphasizes, “Disasters, whether rare or frequent, can cause immense damage. Understanding geology helps us communicate and prepare effectively, reducing impacts.”

Dr. Santi’s platform also serves as an educational tool, offering free access to maps and resources for both teaching and disaster management. He advocates integrating disaster education into school curriculums, ensuring everyone understands local risks such as floods, mudslides, and tsunamis. Notably, he highlights the severe 2001 Phetchabun mudslide, which claimed 136 lives, as a reminder of the need for vigilance.

MitrEarth’s GIS maps play a crucial role in disaster management, offering detailed, real-time data tailored to various scenarios. The platform also collaborates with Chulalongkorn University’s Digital War Room, integrating predictive tools for floods and landslides. While Dr. Santi acknowledges AI’s potential in disaster forecasting, he believes Thailand lacks sufficient data for reliable implementation.

Despite these challenges, Dr. Santi remains committed to expanding MitrEarth’s capabilities. He continues to refine data sets, improve map accessibility, and engage directly with communities to enhance disaster preparedness. For those seeking to understand and mitigate natural disasters, MitrEarth offers a vital resource.

Explore more at the Facebook page mitrearth or mitrearth.org.

Read the full article at https://www.chula.ac.th/en/highlight/207225/

Media Contact:        

Chula Communication Center
Email: Pataraporn.r@chula.ac.th     

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SOURCE Chulalongkorn University Communication Center

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