The electric car market sales were 8.1 million units in 2022, and it will reach 45 million units by 2030, advancing at a substantial rate of 23.8% during the forecast period as per a report by P&S Intelligence.  The main reasons boosting the demand for electric cars are the improving battery technology, favorable government policies, and the rising interest of the customers to reduce...

Global Automotive Battery Market size was valued at USD 51.3 Billion in 2023 and is poised to grow to USD 80.1 Billion by 2031, growing at a CAGR of 10.2% in the forecast period (2024-2031) The global automotive battery market is experiencing robust growth, driven by the accelerating shift towards electric vehicles (EVs) and advancements in battery technology. This surge is fueled by increasing...

The Automotive Lead Acid Batteries Market is on a steady rise, growing from USD 26.3 billion in 2023 to an expected USD 34.0 billion by 2030. With a compound annual growth rate (CAGR) of 3.7%, this industry continues to be a pivotal part of the automotive sector. But why is this growth happening? What are the driving forces behind it? Let’s dive deep into the factors influencing...

The Battery Management System Market was valued at USD 7.9 billion in 2023-e and will surpass USD 25.9 billion by 2030; growing at a CAGR of 19.4% during 2024 - 2030. The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were...

The global battery manufacturing equipment market is experiencing a remarkable surge, driven by the growing demand for batteries across various industries, especially in electric vehicles (EVs) and renewable energy systems. Valued at USD 14.1 billion in 2023, the market is projected to surpass USD 40.2 billion by 2030, growing at a robust CAGR of 16.1% from 2024 to...

The global bike and scooter rental market size was estimated at USD 5.54 billion in 2023 and is anticipated to grow at a CAGR of 16.8% from 2024 to 2030. The increasing awareness of environmental sustainability and the urgent need to reduce carbon emissions are major drivers for the growth of the market. With rising pollution and traffic congestion, e-bikes and scooters offer a green...

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The maritime industry is going through a groundbreaking transformation as electric boats gain popularity, becoming an exciting topic in marine technology. According to recent insights from Intent Market Research, the Electric Boats Market was valued at USD 4.4 billion in 2023 and is projected to surpass USD 11.2 billion by 2030. This growth represents a compound annual growth rate...

The Electric Bus Market was valued at USD 17.7 billion in 2023-e and will surpass USD 50.6 billion by 2030; growing at a CAGR of 16.2% during 2024 - 2030. As cities worldwide grapple with escalating pollution levels and the urgent need to reduce carbon footprints, electric buses have emerged as a key solution to revolutionize public transportation. In this blog, we'll explore the current...

The Electric Bus Market was valued at USD 17.7 billion in 2023-e and will surpass USD 50.6 billion by 2030; growing at a CAGR of 16.2% during 2024 - 2030. As cities worldwide grapple with escalating pollution levels and the urgent need to reduce carbon footprints, electric buses have emerged as a key solution to revolutionize public transportation. In this blog, we'll explore the current...