Humidity sensor is an electronic device that detects and measures water vapour. It provides accurate measurement of dew point and absolute humidity by combining relative humidity (RH) and temperature (T) measurements. A humidity sensor measures the content of moisture in the environment and converts its findings into a corresponding electrical signal. Humidity sensors are available in a wide range of sizes and functionality. The scope of the report discusses the potential opportunities for the market players to enter the global humidity sensor market. This report also provides in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. It features the strategies adopted by the key market players to maintain their foothold in the market.

The construction industry is highly dynamic, and numerous factors, such as overall economy, budgets, and global economic scenario, are influencing the market’s growth. Volatility in these aspects affects the businesses of construction equipment OEMs, as well as construction rental equipment. This, in turn, is leading to price fluctuations of new, used, and rental equipment. The ASEAN region holds significant oppor tunities for the growth in demand for construction machinery. With the prospects of large infrastructure projects and shifting labor dynamics, the construction equipment rental market is expected to witness growth post-2020 during the forecast period. With a sudden outbreak of COVID-19 pandemic across the world, many economic sectors, including the construction industry, have been under lockdown for a few weeks/months in the first quarter of 2020. In the ASEAN countries, the construction sector is expected to grow at a rate of more than 6% post-2020. It is estimated that over the next five years, the combined value of all the megaprojects in the ASEAN region is expected to be valued at USD 2.9 trillion. Of this value, about USD 1.5 trillion is invested in the planning/pre-planning phase.

With increasingly stringent environmental concerns, governments and environment agencies across the world have been continually working toward reducing exhaust emissions. They have also been focusing on improving fuel economy, which, in turn, is expected to aid in reducing exhaust emissions. As a result, automobile manufacturers have been working toward reducing the overall weight of vehicles, as it can ensure prominent reduction in CO2 emissions. Weight reduction of 10 kg is estimated to save 1 g of CO2 emission per kilometer. In this regard, the focus on the adoption of subsystems, like EPS, has increased, as the incorporation of the EPS results in significant weight savings. In EPS, an electric steering system replaces the hydraulic piston and pump with an electric motor. The motor draws electricity from the battery, only when the vehicle is turning. There is no power loss in such systems, which decreases the fuel consumption of the vehicle. In addition, the aforementioned developments aid in weight reduction, in turn resulting in fuel efficiency of up to 3% and less carbon emissions. When compared to the hydraulic power steering systems, increased fuel efficiency is one of the most deserving advantages of the EPS systems. Furthermore, the automotive industr y’s paradigm shift toward electric mobility is projected to shift the focus of the manufacturers toward electric vehicle (EV) production, over the coming years.

北京发布燃料电池产业规划，目标宏大，当地优质龙头有望受益。同时料将产生“发令枪”效应，燃料电池“十城千辆”有望加速落地。示范奖励政策思路进一步明确，强化“优质区域”+“核心部件”主线，预计在氢能禀赋优质、财政实力强地区有完善布局，具备自主核心技术的优质龙头将受益。

投资建议：我们重点推荐产业链各环节具备全球竞争力的龙头公司：1）电 池环节，重点推荐宁德时代，建议关注亿纬锂能、国轩高科、欣旺达、鹏辉 能源等；2）材料及零部件环节，重点推荐璞泰来、恩捷股份、科达利、嘉元 科技、当升科技、新宙邦，建议关注中科电气、杉杉股份、星源材质等。3） 特斯拉产业链，重点推荐：宏发股份、三花智控、旭升股份、奥特佳、银轮 股份、拓普集团。

事件：8 月挖机销量20939 台，同比+51.3%。其中，国内18076台，同比+56.3%；出口2863 台，同比+25.7%。1-8 月挖机合计销售210474 台，同比+28.8%。其中，国内190222 台，同比+29.7%；出口20252 台，同比+20.8%。

从工业企业利润来看，Q2 同比转正，7 月份同比增速继续扩大。工业企业利润进一步改善，预计下半年工业企业将开启新一轮补库存周期，企业将有动力加大资本开支，带来机械行业需求向上。机械行业面临的宏观环境比上半年好，行业的投资机会也将更多。建议从确定性和基本面改善方面优选行业，建议关注工程机械、通用自动化、制造服务等细分行业。

The global OLED technology market is predicted to show a promising growth during the forecast period owing to the increased demand for energy efficient and eco-friendly lighting products that would consume less energy. This is the major factor driving the global OLED market. OLEDs are primarily used for display and lighting functions. Based on the rapid technological developments, OLED technology has shown drastic improvement in the past few years. The scope of the report discusses the potential opportunities for the market players to enter the global organic LED market. This report also provides in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. It features the strategies adopted by the key market players to maintain their foothold in the market.

风光板块：少数龙头的牛市。无惧疫情，全球光伏展现强韧性。龙头马太效应加剧，2020H1 光伏降价通道中，龙头依靠一体化展现出强抗风险能力，加快了市场出清，隆基股份占板块扣非净利润的34%。风电板块，行业仍处于抢装周期中量价齐升阶段，风电上市龙头盈利逆势增长。推荐：隆基股份、通威股份、日月股份、金风科技、天顺风能、福斯特（联合化工组覆盖）。

核心推荐组合：通威股份、隆基股份、宁德时代、南都电源、晶澳科技、爱康科技、宏发股份、恩捷股份、中环股份、东方日升、山煤国际、上海电气、金风科技、迈为股份、福莱特、汇川技术、安靠智电。