Solar Vehicle Market: Opportunities, Trends, and Analysis
The rapidly evolving automotive industry has provided advanced solutions in transport applications. The inception of solar and electric vehicles has proven to be the best alternative to shift from fossil fuel cars. Also, the mass production of electric vehicles by OEMs due to the high adoption rate across the globe has led to the rapid development of solar panels to be integrated over vehicles.
The...
Brushless DC Motor Market anticipated to reach $15.2 Billion by 2025
The global Brushless
DC Motor Market size is expected to grow from an estimated USD 9.6 billion
in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast
period. The market is set to witness growth due to increasing industrial
applications of these motors and surging adoption of brushless DC motors in
HVAC, automotive, and consumer electronics applications.
The inner rotor segment...
How will the plastics for electric vehicle market shape up in the future?
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...
What is the impact of COVID-19 on the electric vehicle market and its segments?
Post COVID-19, the global Electric Vehicle and Electric Vehicle Infrastructure Market size is projected to reach 4.18 million units by 2021 from an estimated 3.42 million units in 2020, at a CAGR of 22.1%. The projection for 2021 is expected to be down by 34% as compared to pre-COVID estimation.
The growing trend of greener transport is the primary factor responsible for the expected advancements...
Attractive Opportunities in the Electric Commercial Vehicle Market
The Global Electric Commercial Vehicle Market size is expected to grow from approximately 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%. Factors such as a rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to make fuel-efficient and environment-friendly vehicles.
OEMs worldwide...
DC Power Supplies Market to Witness a Steady Growth by 2024
The global DC power supplies market size is expected 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...
Electric Vehicle Market – Unraveling Challenges and Opportunities
The Electric Vehicle Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a CAGR of 21.1%. The growing trend of greener transport is the major factor responsible for the expected advancements in this market. Electric vehicles, including BEVs, PHEVs, and FCEVs, are expected to play a major role in the future to achieve the emission targets for different...
EV Connectors Market Analysis with Ongoing Trends & Market Revenue
Favorable government policies and support in terms of subsidies and grants, tax rebates for EVs and EV charging infrastructure would drive the growth of EV charging stations. Thus, EV connectors market would grow subsequently by 2025.
The Global EV Connectors Market shows significant projected growth at a CAGR of 18.44% from USD 30 million in 2018 to reach USD 98 million by 2025.
EV connectors act...