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...

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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...

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...

Electric Powertrain Industry The global electric powertrain market size was valued at USD 83.30 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 15.3% from 2023 to 2030. The COVID-19 pandemic has affected the overall automotive industry, leading to a subsequent decline in the growth of the electric powertrain industry due to low automotive sales and new...

The Electric Vehicle (EV) Market is experiencing unprecedented growth, driven by technological advancements, increasing environmental awareness, and supportive government policies. According to the latest report from Market Insights Inc., the global electric vehicle market is expected to reach USD 1,000.8 billion by 2030, expanding at a compound annual growth rate (CAGR) of 11.7% from 2023 to...