Cell to Pack Battery Market Share: Key Players and Regional Insights Driving Growth
The Cell to Pack Battery Market Share is poised for remarkable growth, reaching $79.0 billion by 2033. This innovative technology, which eliminates traditional battery modules, is redefining the energy storage landscape by improving energy density, efficiency, and cost-effectiveness. The market share of leading players such as CATL, BYD, and Tesla continues to expand, driven by strategic investments...
Electric Motors Market Size to Hit $206.4 billion by 2029
The global Electric Motors Market by value, is estimated to be USD 152.2 billion in 2024 and is projected to reach USD 206.4 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029. Due to the growing demand for electric motors within the global automotive, manufacturing, and renewable energy sectors, among others, the electric motor market has bloomed forth globally. All these sectors inherit...
Automotive Engineering Services Market Size & Forecast 2028
The global automotive engineering services market in terms of revenue was estimated to be worth $153.2 billion in 2022 and is poised to reach $243.9 billion by 2028, growing at a CAGR of 8.1% from 2022 to 2028. Automotive engineering service providers provide services such as concept/research, designing, prototyping, system integration, testing, among others to various global OEMs and component...
Automotive TIC Market Size, Share & Trends Analysis 2028
The global automotive TIC market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%. The increasing complexity of automotive technologies and the stringent regulatory landscape have created a strong demand for TIC services in the automotive sector. TIC companies are vital in conducting thorough testing and inspection processes to ensure...
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...
Electric Tractor Market Size, Share, Trends, Demand and Forecast 2030
The Electric Tractor market is projected to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%. The key factors driving the electric tractor market are advancement in battery technology, stringent emission norms, precision agriculture, and incentives on electric tractors are driving the electric tractor market.
Growing stringent emission regulations
The stringent...
Electric Commercial Vehicle Market Size, Share, Trends, Growth and Forecast 2030
The global electric commercial vehicle market is projected to grow from USD 70.9 billion in 2024 to USD 255.6 billion by 2030, registering a CAGR of 23.8%. The stringent regulations to reduce emissions and promote sustainable transportation practices have incentivized businesses to transition to electric vehicles, aligning with global efforts to combat climate change. Additionally, advancements in...
Electrifying Growth: Electric Motors Market Insights for the US Region
The electric motors market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rising demand for energy-efficient motors across diverse industries such as Industrial, Commercial, Residential, Agriculture, and Transportation. Among the end use industries, Industrial is anticipated to dominate in the U.S. market due to the...
Electric Motors Market worth USD 186.0 Billion by 2027
The global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0 billion by 2027, at a CAGR of 6.8%. This market is mainly driven by increasing investments in electric vehicles. Increasing demand for HVAC systems among residential, commercial, and industrial end-users, and growing demand for electric motors in manufacturing industries are the major driving factor...
Electric Motors Market worth $186.0 Billion by 2027
The
global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0
billion by 2027, at a CAGR of 6.8% according to a new report by
MarketsandMarkets™. This market is
mainly driven by increasing investments in electric vehicles and development of
manufacturing industry.
Low
voltage motors is expected to be the second largest electric motors market
By voltage,...