Advanced Energy Storage Systems Market to Surpass $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...
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...
Innovation Changing the Face of Permanent Magnet Motor Market
New Revenue Pockets:
The global permanent magnet motor market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the permanent magnet motor market....
Electric Vehicle Charging Station Market is Predicted to Expand 30,758 thousand units by 2027
The global Electric Vehicle Charging Station Market size is projected to reach 30,758 thousand units by 2027, from an estimated 2,115 thousand units in 2020, at a CAGR of 46.6%. The base year for the report is 2019, and the forecast period is from 2020 to 2027. Factors such as growing demand for energy-efficient commuting and governments supporting electric Electric vehicles and Electric...
Smart Electric Drive Market – Trends & Scenario (2021–2026)
The report “Smart Electric Drive Market by Vehicle Type (PC, CV, 2W), EV Type (BEV, PHEV, HEV), Component (Power Electronics, E-Brake Booster, Inverter, Motor, Battery), Application (E-Axle, Wheel Drive), Drive (FWD, RWD, AWD), and Region – Global Forecast to 2026″, The global smart electric drive market size is projected to grow from USD 915 million in 2021 to USD 4,245 million...
Plastics for Electric Vehicle Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025
The
Plastic for Electric Vehicle Market
is projected to grow at a CAGR of 26.9% to reach a market size of USD 2,621
million by 2025 from 797 million in 2020. The stringent emission standards
coupled with automakers focus on weight reduction is driving the demand of
plastics in electric vehicles. Additionally, the OEMs inclination towards
thermally stable plastics is further anticipated to drive the...
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...
Industrial Power Supply Market expected to Grow $9.7 Billion by 2026
According to the new market research report
“Industrial Power Supply Market By Type (AC-DC and DC-DC Converter),
Output Power (Very Low Output(up to 500W), Low Output(500-1,000W) Medium
Output(1,000W–10kW), High Output(10-75kW), Very High Output(75-150kW),
Vertical, Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Industrial
Power Supply Market size...
Electric Traction Motor Market Revenue to Hit $36.6 Billion by 2025 | ABB, CG Power, CRRC, GE, Siemens
Global Electric Traction Motor Market – Overview
The global electric traction motor market is expected to grow at a CAGR of 20.9%, from 2020 to 2025, to reach USD 36.6 billion by 2025 from an estimated market size of USD 14.2 billion in 2020. A traction motor is an electric motor used for propulsion in various applications, particularly in electric and diesel-electric locomotive applications,...
Rising Demand of Electric Vehicles to Witness Significant Growth of Lead Acid Battery Market
Global Lead Acid Battery Market Overview:
According to the new market research report, the global lead acid battery market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the need to integrate renewable energy to the main grid, and the booming data industry...