Cell to Pack Battery Market Size, Share, Trends & Analysis by 2033
The global cell to pack battery market size was valued at USD 18.7 billion in 2023 and is expected to reach USD 79.0 billion by 2033, at a CAGR of 15.5%, during the forecast period 2023-2033. The rise in demand for low-cost, lightweight, and high-energy-density batteries in electric vehicles has positively influenced the development of the cell to pack battery market. Also, the government initiatives...
Usage-Based Insurance Market Size, Share & Trends [2030]
The usage-based insurance market is projected to grow from USD 43.38 billion in 2023 to USD 70.46 billion by 2030, at a CAGR of 7.2%. The key factors driving the usage-based insurance market are consumer willingness to share personal data with UBI insurer companies, the increase in connected cars, and the affordability of the UBI premium compared to traditional insurance.
“Pay-As-You-Drive (PAYD)...
EV Battery Market Size, Share & Trends [2035]
The global EV battery market size was valued at USD 91.93 billion in 2024 and is expected to reach USD 251.33 billion by 2035, at a CAGR of 9.6%, during the forecast period 2024-2035. The EV battery market is expanding rapidly, fueled by increasing electric vehicle (EV) adoption, technological advancements, and supportive government policies aimed at reducing emissions. In October 2023, Tesla...
Hypercharger Market to Hit 273.7 Thousand Units by 2030
The Hypercharger market size is projected to grow from 10.4 Thousand Units in 2023 and projected to reach 273.7 Thousand Units by 2030, at a CAGR of 59.5%. The Hypercharger demand is primarily driven by the growing popularity and adoption of electric vehicles (EVs). As more consumers and businesses transition to electric mobility, there is a heightened need for charging solutions that offer ultra-fast...
Electric Scooter and Motorcycle Market Trends: Projected to Reach $12.4 Billion by 2030
Electric Scooter and Motorcycle Market Trends show significant growth, with the market projected to reach $12.4 billion by 2030. As urban mobility continues to shift towards eco-friendly and cost-efficient alternatives, electric scooters and motorcycles are emerging as popular choices for commuters seeking fast, affordable, and sustainable transportation solutions. Increased government support through...
China to lead the EV Charging Station Market, global market projected to reach USD 10.1 billion by 2030
The China EV charging station market is expected to grow from USD 6.3 billion in 2024 to USD 10.1 billion by 2030, at a CAGR of 8.2%. China has emerged as a global leader in public light-duty vehicle charging infrastructure, accounting for approximately 70% of the world’s total in 2024, with projections to maintain dominance through 2030. Its robust growth is fueled by strategic initiatives...
The Asia Pacific will dominate the ADAS Market is projected to reach 297 million units by 2030
The Asia Pacific ADAS Market is expected to grow from 122 million units in 2024 to 297 million units by 2030 at a CAGR of 16.0%. The Asia Pacific region is led by China followed by Japan and South Korea. The ADAS penetration in China was 32-38% in 2024 and set to cross 95% by 2030. Leading automakers in the region, such as BYD, Toyota, Honda, Hyundai, and Kia leverage the advantages of safety systems...
Ebike Market – European market scenario with key players and market trend
The Ebike market has been booming during the COVID-19 era. For example, the eBike sales in Europe increased to 15.6 million units in 2022, compared to 14 million units in 2021. Demand for e-bikes will increase in 2021 and 2022 with an increase in traffic congestion, growing e-commerce business, growing interest in cycling as a fitness and recreational activity, and consumers’ tendency towards...
Asia Pacific Electric Vehicle Market Projected to reach USD 404.7 billion by 2030
The Asia Pacific Electric Vehicle Market is expected to grow from USD 218.8 billion to USD 404.7 billion by 2030, at a CAGR of 8.1%. The market in Asia Pacific region is led by growing dominance in China, and increasing demand for passenger EVs in South Korea, India, Japan and south east Asian countries such as Thailand, Indonesia, Malaysia and Vietnam. EV sales in China peaked near 50% share of the...