Lead Acid Battery Market to Surge Considerably; Significant Rise in Data Centers Across Glob to Fuel Market Growth
The global lead acid battery market is expected to grow from an estimated USD 41.6 billion in 2019 to USD 52.5 billion by 2024, at a CAGR of 4.7% during the forecast period. The growth of this market is driven by burgeoning expansion in the automotive industry, rapid technological advancement, development of the telecom sector, and the cost-effectiveness of lead acid battery storage solution.
Market...
Advanced Technology & Growth of the Automotive Industry to Drive the Global In-Wheel Motor Market
Improved vehicle fuel efficiency, high torque, increased power, and provision of better vehicle handling are some of the factors that are set to drive the growth of the in-wheel motor market by 2026. The global In-Wheel Motor Market shows significant growth and is projected to grow at a CAGR of 40.3% during the forecast period to reach USD 4,395 million by 2026 from an estimated USD 808 million in...
Electric Motor Market will Escalate Rapidly in Near Future
The global Electric
Motor Market is expected to grow from an estimated USD 113.3 billion
in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast
period. Increased demand for HVAC systems in residential, commercial, and
industrial end-users in the Middle East and Asia Pacific regions along with
growing use of electric motors across major industries is the driving factor
for...
Automotive Filters Market: An Outlook to the Future Global Opportunities
The global Automotive Filters Market in the pre-COVID scenario was projected to grow from USD 19.5 billion in 2021 to USD 23.1 billion by 2026, at a CAGR of 3.4%, during the forecast period. However, due to COVID-19, most of the countries have imposed a complete lockdown for almost more than two months, which, in turn, has impacted vehicle production. The automotive filters market is estimated to observe...
Geospatial Solutions Market expected to Grow $502.6 Billion by 2024
The global Geospatial
Solutions Market is projected to reach $502.6 billion by 2024 from an
estimated $239.1 billion in 2019, at a CAGR of 13.2% during 2019-2024. This
growth can be attributed to factors such as integration of geospatial
technology into mainstream technologies, advancements in geospatial solutions
with the introduction of artificial intelligence and Big Data analytics,
increasing...
Battery Monitoring System Market to Cross $5.47 Billion by 2022
The global battery monitoring system market is projected to grow at a CAGR of 18.23%, to reach a
market size of USD 5.47 Billion by 2022, from an estimated USD 2.37 Billion in
2017. North America is estimated to be the largest market for battery
monitoring systems, followed by Asia Pacific and Europe. The growth of the
battery monitoring system market is mainly driven by a booming demand for
global...
Motor Monitoring Market: Opportunities and Challenges
Global Motor Monitoring Market Scenario:
The motor monitoring market is expected to grow from USD 1.6 billion in 2018 to USD 2.3 billion by 2023, at a CAGR of 7.4% during the forecast period. Major factors driving the market growth are the growing prominence of predictive maintenance and increasing need to minimize revenue loss caused by motor faults.
Motor monitoring is one of the aspects...
Advanced Energy Storage Systems Market Size to Grow $19.04 Billion by 2022
The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0
billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4%
during 2017 to 2022. The growth of the advanced energy storage systems
market is attributed to increasing renewable energy investments and growth in
the electric vehicles market globally and regulatory changes demanding energy
efficiency.
The...
Increasing adoption of lithium-ion batteries in new applications
The market size of lithium-ion battery anode is estimated at USD 8.4 billion in 2021 and projected to reach USD 21.0 billion by 2026, growing at a CAGR of 19.9%. The growing demand for electric vehicles along with high demand for lithium-ion batteries for industrial applications is driving the market growth. Moreover, strategies such as agreements and plant expansions undertaken by several prominent...
Automotive Fuel Cell Market- Trends & Scenario (2021–2028)
The global Electric Automotive Fuel Cell Market size is projected to reach 596,255 units by 2028, from an estimated 20,168 units in 2021, at a CAGR of 62.2%.
Factors such as growing demand for long-range zero-emission commuting and governments supporting low emission vehicles through subsidies & tax rebates have compelled Vehicle Manufacturers to invest in low emission vehicles which have...