Electric Vehicle Market to Surpass $620.33 Billion by 2030
The global electric vehicle (EV) market is projected to grow from USD 396.49 billion in 2024 to USD 620.33 billion by 2030 at a CAGR of 7.7%. Many factors are collectively driving the electric vehicle market. The most important of these is the reduction of the total cost of ownership through lower fuel and maintenance costs than traditional internal combustion engine (ICE) vehicles. The energy density...
Hypercharger Market to Hit 273.7 Thousand Units by 2030
The Hypercharger market size is projected to grow from 10.4 Thousand Units in 2023 and projected to reach 273.7 Thousand Units by 2030, at a CAGR of 59.5%. The Hypercharger demand is primarily driven by the growing popularity and adoption of electric vehicles (EVs). As more consumers and businesses transition to electric mobility, there is a heightened need for charging solutions that offer ultra-fast...
Future of CV Depot Charging Market worth USD 30.7 billion in 2030
The CV depot charging market size for chargers of new vehicles was USD 4.7 billion in 2023 and is projected to reach USD 30.7 billion in 2030, witnessing a CAGR of 28.2% from 2024 to 2030. The report also includes the analysis of number of chargers for new vehicles in depot setting, number of chargers for ECV parc in depot setting, cost of chargers (including installation cost) for new vehicles in...
EV Cables Market Size, Share, Trends, Growth and Forecast 2028
The global EV cable market size was valued at USD 8.6 billion in 2023 and is expected to reach USD 19.0 billion by 2028 at a CAGR of 17.2% during the forecast period 2023–2028. EV cables perform different functions in electric vehicles as they aid in signal transmission and powering up of different electronic and electrical devices. EV cables have been the central function of transmitting...
Wireless Charging Market for Electric Vehicles Size Share, Growth and Forecast 2030
The global wireless charging market for electric vehicles size is projected to grow from USD 80 million in 2023 to USD 1279 million by 2030, at a CAGR of 48.4%. Increasing focus toward V2G power transfer and increasing penetration of electric vehicles, paired with strong government support towards wireless EV charging are anticipated to increase the demand for wireless charging for electric vehicles...
Industrial Power Supply Market Expected to Grow $14.5 Billion by 2027
The global Industrial Power Supply Market is expected to grow from USD 10.8 billion in 2022 to USD 14.5 billion by 2027, at a CAGR of 6.0% during the forecast period. The growth of the industrial power supply market can be attributed to growing investments in energy-efficient devices in the industrial sectors and the adoption of robots across several industries. The growing sale...
Meter Data Management System Market to Exceed $428 Million by 2023
The global Meter Data Management System Market is expected to grow from USD 169 million in 2018 to USD 428 million by 2023, at a CAGR of 20.48% during the forecast period. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and the need for accurate utility bill generation.
Europe is projected to be the second largest...
DC Power Supplies Market Expected to Grow $454 Million by 2024
The global DC
power supplies market size is projected to reach USD 454 million by 2024
from an estimated value of USD 361 million in 2019, at a CAGR of 4.7% during
the forecast period. The growing wireless communication & infrastructure
and aerospace & defense segment in the countries such as US & Canada
and growing demand for industrial automation and consumer electronics sector in
countries...
Industrial Power Supply Market worth $14.5 Billion in 2027
The
global Industrial Power Supply Market is projected to grow from USD 10.8 billion
in 2022 to USD 14.5 billion by 2027, at a CAGR of 6.0% according to a new
report by MarketsandMarkets™. The
growth of the industrial power supply market can be attributed to growing
investments in the energy efficient devices in the industrial sectors and
adoption of robots across several industries. The growing...
Meter Data Management System Market to See Huge Growth by 2023
The global Meter Data Management System Market is projected to reach $428 million by 2023 from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and need for accurate utility bill generation.
Europe is projected to be the second largest region, with...