Hybrid Product Portfolio of OEMs Projected to Hit 28.5 Million Units by 2030
The hybrid market is projected to grow from 12.4 million units in 2024 to 28.5 million units by 2030 at a CAGR of 13.0%. The major drivers of the market are stringent emission norms set by the governments, an increase in the adoption of sustainable vehicles, and superior efficiency without range anxiety or charging or battery discharge. By region, Europe and China are projected to lead the hybrid...
Automotive Heat Shield Market Size, Share, Trends & Analysis by 2032
The automotive heat shield market is projected to grow from USD 12.14 billion in 2025 to USD 12.68 billion by 2032, at a CAGR of 0.6%. The automotive heat shield market is driven by the widespread presence of ICE vehicles in China, Japan, India, and the US, increasing demand for high-temperature-resistant shielding solutions. With EV adoption rising, specialized heat shields made from lightweight...
Electric Powertrain Market Size, Share, Growth | Analysis [2030]
The electric powertrain Industry is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030.
The electric powertrain market is driven by growing demand for electric vehicles which in turn is influenced by factors such as growing stringency in emission norms and government support in terms of tax exemptions & subsidies to promote electric...
Hypercharger Market Size and Share: Projected to Reach 273.7 Thousand Units by 2030
The hypercharger market is poised for substantial growth, with projections estimating a market size of 273.7 thousand units by 2030. This significant expansion is driven by the rapid adoption of electric vehicles (EVs) and the increasing need for faster, more efficient charging solutions. As the EV market continues to evolve, hyperchargers are emerging as a critical component of the infrastructure,...
Electric Light Commercial Vehicle Market Size, Share & trends [2030]
The global electric light commercial vehicle market size is projected to grow from 333.6 thousand units in 2022 to 3,919.3 thousand units by 2030, at a CAGR of 36.1%.
Factors such as rising demand for zero-emissions commuting and government support for low-emission vehicles through subsidies and tax breaks have resulted in automakers embracing EVs and the expansion of the electric light commercial...