Global Automotive Thermoelectric Generator Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 218
- CATEGORY
- Automotive & Transportation
Market Overview:
The global thermoelectric generator market size was valued at around 510.11 million in 2022 and anticipated to grow at a CAGR of 11.9% over the forecast period.
The global automotive thermoelectric generator (ATEG) market refers to the market for devices that convert waste heat produced by automotive engines into electricity. A thermoelectric generator (TEG) is a solid-state device that generates electricity when there is a temperature difference between its two sides. In the automotive industry, TEGs are used to convert waste heat produced by engines, exhaust systems, and brakes into usable electricity, which can be used to power various electrical systems in the vehicle. The ATEGs are gaining popularity due to their potential to improve fuel efficiency, reduce emissions, and increase power output. The market includes manufacturers, suppliers, and distributors of automotive thermoelectric generators and related components.
Covid-19 Impact:
The global automotive thermoelectric generator (ATEG) market has been impacted by the COVID-19 pandemic in several ways. The pandemic has disrupted supply chains, led to production shutdowns, and caused a decline in consumer demand for automobiles, all of which have had a negative impact on the market.
However, there are some potential opportunities for the market as well. The pandemic has led to an increased focus on sustainability and reducing emissions, which could drive demand for ATEGs as a way to improve fuel efficiency and reduce emissions. Additionally, the growth of electric vehicles and hybrid vehicles could also create opportunities for ATEGs, as they can be used to generate power for the vehicle's battery and electrical systems.
In the short term, the COVID-19 pandemic has led to a decline in production and sales of automobiles, which has had a negative impact on the ATEG market. However, in the long term, the market may see some opportunities emerge as a result of the pandemic's impact on the automotive industry.
Market Dynamics:
Drivers:
Growing demand for fuel-efficient vehicles: There is a growing demand for fuel-efficient vehicles in the automotive industry, driven by the need to reduce emissions and improve fuel economy. ATEGs offer a way to improve fuel efficiency by converting waste heat into usable electricity.
Government regulations: Governments around the world are implementing regulations aimed at reducing emissions and increasing fuel efficiency. This is driving demand for technologies that can help automakers meet these regulations, including ATEGs.
Technological advancements: Technological advancements in the field of thermoelectric materials and manufacturing processes have made ATEGs more efficient and cost-effective, which is driving demand for these devices.
Growth of electric and hybrid vehicles: The growth of electric and hybrid vehicles is creating new opportunities for ATEGs. These devices can be used to generate power for the vehicle's battery and electrical systems, helping to improve range and performance.
Increased focus on sustainability: There is a growing focus on sustainability in the automotive industry, driven by consumer demand and regulatory pressures. ATEGs offer a way to reduce emissions and improve the sustainability of automobiles.
Restraints:
High cost: The cost of ATEGs is still relatively high compared to other technologies, which may limit their adoption in some markets.
Efficiency limitations: Although technological advancements have improved the efficiency of ATEGs, they still have limitations in terms of the amount of electricity they can generate and their overall efficiency.
Limited scalability: ATEGs are currently limited in their scalability, which may limit their adoption in larger vehicles or in applications where more power is required.
Regional Analysis:
North America: North America is expected to hold a significant share of the global ATEG market due to the presence of major automotive manufacturers in the region, as well as strong government support for the development of clean energy technologies.
Europe: Europe is another key market for ATEGs, driven by the region's stringent emissions regulations and growing demand for electric and hybrid vehicles.
Asia Pacific: The Asia Pacific region is expected to see significant growth in the ATEG market due to the growing demand for fuel-efficient vehicles in countries like China, Japan, and South Korea, as well as government support for the development of clean energy technologies.
Middle East & Africa: The Middle East & Africa region is expected to see moderate growth in the ATEG market due to the increasing adoption of electric and hybrid vehicles in the region.
Latin America: Latin America is expected to see steady growth in the ATEG market due to increasing demand for fuel-efficient vehicles and government initiatives to reduce emissions.
Market Segmentation:
Technology: The market can be segmented based on the type of technology used in ATEGs, such as single-stage and multi-stage thermoelectric generators.
Wattage: The market can be segmented based on the wattage of ATEGs, such as less than 500 W, 500-1000 W, and more than 1000 W.
Vehicle Type: The market can be segmented based on the type of vehicle, such as passenger cars, commercial vehicles, and two-wheelers.
Application: The market can be segmented based on the application of ATEGs, such as waste heat recovery, power generation for electrical systems, and others.
Sales Channel: The market can also be segmented based on the sales channel, such as OEMs (Original Equipment Manufacturers), aftermarket, and online retail.
Region: The market can be segmented based on geographic regions, such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Competitive Landscape:
The global automotive thermoelectric generator (ATEG) market is highly competitive, with several major players operating in the market.
Some of the key players in the market include:
Gentherm Inc.
BorgWarner Inc.
II-VI Incorporated
Laird Thermal Systems
Evident Thermoelectrics
Alphabet Energy Inc.
Ferrotec Corporation
Kelk Ltd.
ThermoElectric Generator Solutions, Inc.
Romny Scientific, Inc.
These companies are primarily focused on developing innovative and efficient ATEG technologies to cater to the growing demand for fuel-efficient vehicles. They are also focused on expanding their market presence through strategic partnerships and collaborations with automotive manufacturers and suppliers.
In addition, companies in the ATEG market are investing heavily in research and development activities to improve the efficiency and scalability of ATEG technologies. For example, in September 2020, BorgWarner announced the development of a new ATEG that can generate up to 600 watts of power and can be used in a range of automotive applications.
Overall, the ATEG market is expected to see continued growth and competition among key players as automotive manufacturers increasingly adopt ATEG technologies to meet emissions regulations and improve fuel efficiency.
Key Benefits:• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Automotive Thermoelectric Generator market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Thermoelectric Generator would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Automotive Thermoelectric Generator Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Automotive Thermoelectric Generator Revenue
1.4 Market Analysis by Type
1.4.1 Global Automotive Thermoelectric Generator Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Thermoelectric Module
1.4.3 Cooling Plates
1.4.4 Heat Exchangers
1.5 Market by Application
1.5.1 Global Automotive Thermoelectric Generator Market Share by Application: 2023-2032
1.5.2 Cars
1.5.3 SUV
1.5.4 Pickup Trucks
1.5.5 Commercial Vehicle
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Automotive Thermoelectric Generator Market
1.8.1 Global Automotive Thermoelectric Generator Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Automotive Thermoelectric Generator Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Automotive Thermoelectric Generator Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Automotive Thermoelectric Generator Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Automotive Thermoelectric Generator Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Automotive Thermoelectric Generator Sales Volume Market Share by Region (2017-2022)
3.2 Global Automotive Thermoelectric Generator Sales Revenue Market Share by Region (2017-2022)
3.3 North America Automotive Thermoelectric Generator Sales Volume
3.3.1 North America Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.3.2 North America Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Automotive Thermoelectric Generator Sales Volume
3.4.1 East Asia Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Automotive Thermoelectric Generator Sales Volume (2017-2022)
3.5.1 Europe Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Automotive Thermoelectric Generator Sales Volume (2017-2022)
3.6.1 South Asia Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Automotive Thermoelectric Generator Sales Volume (2017-2022)
3.7.1 Southeast Asia Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Automotive Thermoelectric Generator Sales Volume (2017-2022)
3.8.1 Middle East Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Automotive Thermoelectric Generator Sales Volume (2017-2022)
3.9.1 Africa Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Automotive Thermoelectric Generator Sales Volume (2017-2022)
3.10.1 Oceania Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Automotive Thermoelectric Generator Sales Volume (2017-2022)
3.11.1 South America Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.11.2 South America Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Automotive Thermoelectric Generator Sales Volume (2017-2022)
3.12.1 Rest of the World Automotive Thermoelectric Generator Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Automotive Thermoelectric Generator Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Automotive Thermoelectric Generator Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Automotive Thermoelectric Generator Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Automotive Thermoelectric Generator Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Automotive Thermoelectric Generator Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Automotive Thermoelectric Generator Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Automotive Thermoelectric Generator Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Automotive Thermoelectric Generator Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Automotive Thermoelectric Generator Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Automotive Thermoelectric Generator Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Automotive Thermoelectric Generator Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Automotive Thermoelectric Generator Sales Volume Market Share by Type (2017-2022)
14.2 Global Automotive Thermoelectric Generator Sales Revenue Market Share by Type (2017-2022)
14.3 Global Automotive Thermoelectric Generator Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Automotive Thermoelectric Generator Consumption Volume by Application (2017-2022)
15.2 Global Automotive Thermoelectric Generator Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Automotive Thermoelectric Generator Business
16.1 II-VI Marlow
16.1.1 II-VI Marlow Company Profile
16.1.2 II-VI Marlow Automotive Thermoelectric Generator Product Specification
16.1.3 II-VI Marlow Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Alphabet Energy
16.2.1 Alphabet Energy Company Profile
16.2.2 Alphabet Energy Automotive Thermoelectric Generator Product Specification
16.2.3 Alphabet Energy Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 European Thermodynamics
16.3.1 European Thermodynamics Company Profile
16.3.2 European Thermodynamics Automotive Thermoelectric Generator Product Specification
16.3.3 European Thermodynamics Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Faurecia
16.4.1 Faurecia Company Profile
16.4.2 Faurecia Automotive Thermoelectric Generator Product Specification
16.4.3 Faurecia Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Gentherm Incorporated
16.5.1 Gentherm Incorporated Company Profile
16.5.2 Gentherm Incorporated Automotive Thermoelectric Generator Product Specification
16.5.3 Gentherm Incorporated Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 KELK
16.6.1 KELK Company Profile
16.6.2 KELK Automotive Thermoelectric Generator Product Specification
16.6.3 KELK Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Laird
16.7.1 Laird Company Profile
16.7.2 Laird Automotive Thermoelectric Generator Product Specification
16.7.3 Laird Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 SANGO
16.8.1 SANGO Company Profile
16.8.2 SANGO Automotive Thermoelectric Generator Product Specification
16.8.3 SANGO Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Tenneco
16.9.1 Tenneco Company Profile
16.9.2 Tenneco Automotive Thermoelectric Generator Product Specification
16.9.3 Tenneco Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Thermonamic Electronics (Jiangxi)
16.10.1 Thermonamic Electronics (Jiangxi) Company Profile
16.10.2 Thermonamic Electronics (Jiangxi) Automotive Thermoelectric Generator Product Specification
16.10.3 Thermonamic Electronics (Jiangxi) Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Valeo
16.11.1 Valeo Company Profile
16.11.2 Valeo Automotive Thermoelectric Generator Product Specification
16.11.3 Valeo Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Yamaha Motor
16.12.1 Yamaha Motor Company Profile
16.12.2 Yamaha Motor Automotive Thermoelectric Generator Product Specification
16.12.3 Yamaha Motor Automotive Thermoelectric Generator Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Automotive Thermoelectric Generator Manufacturing Cost Analysis
17.1 Automotive Thermoelectric Generator Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Automotive Thermoelectric Generator
17.4 Automotive Thermoelectric Generator Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Automotive Thermoelectric Generator Distributors List
18.3 Automotive Thermoelectric Generator Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Automotive Thermoelectric Generator (2023-2032)
20.2 Global Forecasted Revenue of Automotive Thermoelectric Generator (2023-2032)
20.3 Global Forecasted Price of Automotive Thermoelectric Generator (2017-2032)
20.4 Global Forecasted Production of Automotive Thermoelectric Generator by Region (2023-2032)
20.4.1 North America Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.3 Europe Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.7 Africa Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.9 South America Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Automotive Thermoelectric Generator Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Automotive Thermoelectric Generator by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Automotive Thermoelectric Generator by Country
21.2 East Asia Market Forecasted Consumption of Automotive Thermoelectric Generator by Country
21.3 Europe Market Forecasted Consumption of Automotive Thermoelectric Generator by Countriy
21.4 South Asia Forecasted Consumption of Automotive Thermoelectric Generator by Country
21.5 Southeast Asia Forecasted Consumption of Automotive Thermoelectric Generator by Country
21.6 Middle East Forecasted Consumption of Automotive Thermoelectric Generator by Country
21.7 Africa Forecasted Consumption of Automotive Thermoelectric Generator by Country
21.8 Oceania Forecasted Consumption of Automotive Thermoelectric Generator by Country
21.9 South America Forecasted Consumption of Automotive Thermoelectric Generator by Country
21.10 Rest of the world Forecasted Consumption of Automotive Thermoelectric Generator by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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