Leading the charge in global market research, Meticulous Research® has recently released an insightful report titled 'Electric Vehicle Market by Vehicle Type (Passenger Vehicles, LCVs, HCVs, Two-wheelers, e-Scooters & Bikes), Propulsion Type (BEV, HEV), End Use (Private, Commercial, Industrial), Power Output, Charging Standard, and Geography - Global Forecast to 2030.'
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According to this groundbreaking
publication, the global Electric Vehicle market is anticipated to soar to
$4,331 billion by 2030, registering a remarkable CAGR of 27.6% from 2023 to
2030. In terms of volume, the market is expected to reach 372.38 million units
by 2030, exhibiting a robust CAGR of 19.9% during the same period. The surge in
the global electric vehicle market is fueled by a confluence of factors,
including supportive governmental policies, significant investments by
automotive OEMs in EV development, heightened environmental concerns, declining
battery prices, and a growing consumer appetite for electric vehicles.
Furthermore, the market is poised to benefit from the increasing adoption of
autonomous electric vehicles and a burgeoning focus on electric mobility in
emerging economies.
Nevertheless, challenges such as the high
upfront costs of electric vehicles and inadequate charging infrastructure in
developing nations are expected to impede market growth. Consumer apprehensions
related to range anxiety and the suboptimal cold weather performance of
electric vehicles also pose significant hurdles. Noteworthy trends in the
global electric vehicles market include the rise of shared mobility, smart EV
charging stations, wireless EV charging, and solar-powered EV charging
stations.
Meticulous Research® has meticulously
segmented the market based on vehicle type, power output, propulsion type, end
use, and geography to facilitate a comprehensive analysis. The report also
delves into competitive analysis and provides an in-depth evaluation of the
market at the country level.
The global electric vehicle market,
categorized by vehicle type, comprises passenger vehicles, light commercial
vehicles, heavy commercial vehicles, two-wheelers, and e-scooters & bikes.
The passenger vehicles segment is expected to dominate the market in 2023,
driven by favorable government policies, subsidies, and increasing awareness of
electric vehicles' role in emission reduction.
Power output segmentation includes less than
100 kW, 100 kW to 250 kW, and more than 250 kW. The less than 100 kW segment is
projected to hold the largest market share in 2023, driven by the rising
adoption of electric scooters and mopeds, government investments in EV charging
infrastructure, and supportive policies.
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In terms of propulsion type, the market is
segmented into hybrid electric vehicles and battery electric vehicles, with the
latter expected to lead in 2023 due to stringent emission standards, increased
demand for fuel efficiency, and the growing popularity of zero-emission
vehicles.
Segmented by end use, the global electric
vehicle market includes private, commercial, and industrial applications. The
private use segment is anticipated to account for the largest market share in
2023, fueled by growing awareness of environmental hazards, stringent emission
norms, and consumer demand for premium EVs.
Geographically, Asia–Pacific is forecasted
to dominate the global electric vehicle market in 2023, with China, Japan, and
South Korea at the forefront. These countries are actively providing subsidies,
tax incentives, and implementing regulations to promote EV development and
reduce greenhouse gas emissions.
Key Players:
The key players shaping the landscape of the
global electric vehicle market include Tesla, Inc. (U.S.), BMW AG (Germany),
BYD Company Ltd. (China), Volkswagen AG (Germany), Hyundai Motor Company (South
Korea), Volvo Group (Sweden), Mercedes-Benz Group AG (Germany), Ford Motor
Company (U.S.), Honda Motor Co., Ltd. (Japan), General Motor Company (U.S.),
Nissan Motor Co., Ltd. (Japan), Tata Motors Limited (India), Alcraft Motor
Company Ltd. (U.K.), Zero Electric Vehicles Inc. (U.S.), and Faraday & Future
Inc. (U.S.).
For a detailed insight into the global
electric vehicle market, interested parties can download the sample report here.
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Key Questions Answered in the Report:
- Which market segments show high-growth potential in terms of
- type, power output, propulsion type, end use, and geography?
- What is the historical market size of global electric vehicles?
- What are the market forecasts and estimates for the period
- 2023–2030?
- What are the major drivers, opportunities, and challenges in the
- global electric vehicle market?
- Who are the key players, and what market shares do they hold?
- What does the competitive landscape look like?
- What recent key developments have occurred in the global electric
- vehicle market?
- What strategies have major players adopted in this market?
- What are the key geographic trends and high-growth countries?
For further information, please contact:
Meticulous Research®
Email: [email protected]
Contact Sales: +1-646-781-8004
Connect with us on LinkedIn: Meticulous Research
The report "Near Field Communication Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region - Global Forecast to 2025", is expected to grow from USD 18.0 billion in 2020 to USD 34.9 billion by 2025, at a CAGR of 14.2%.
Browse 133 market data Tables and 53 Figures spread through 184 Pages and in-depth TOC on "NFC Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=520 Reader emulation is attributed to hold the largest share of the NFC market The market for reader emulation is projected to witness highest growth in the NFC market for the forecast period, as the majority of mobile phone and retail applications use NFC chip in reader emulation mode.
There is high adoption of NFC-based mobile wallets, such as Goggle pay, Samsung pay, Apple Pay, and Android Pay, which are expected to witness the highest CAGR in the coming years, owing to the high demand originating from payments.
Consumer electronics accounted for a major share of the overall NFC market Consumer electronics is the largest application industry for NFC and accounted for a major share of the overall NFC market with the commercialization of the technology in smartphones, media tablets, smart TVs, set-top boxes, and gaming consoles.
The growth of the NFC market in APAC is mainly driven by increasing developments (such as R activities, investments, and partnerships among companies) related to NFC in countries such as Japan, China, and South Korea.
Additionally, it has some of the world’s fastest-growing and leading industrialized economies.
Global Dairy Alternatives Market is projected to reach USD 35.6 billion by 2024.
The Dairy alternatives-based food and beverages are prepared from dairy-free milk, extracted from several plant-based sources such as soy, rice, almond, coconut, and others.
The dairy alternatives have a robust demand with respect to manufacturing medical food for their lactose-free nature, lactose intolerance ailments.
Moreover, the dairy alternatives offer several benefits such as increasing awareness among people, and as the dairy alternatives products contain vitamin, high calcium, the market will upsurge in the forecast period.
The factors that attribute to the growth of this sector is the prevention of breast cancer, and heart diseases, will upsurge the market growth in the upcoming period.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/dairy-alternatives-market/request-sampleDairy alternatives industry may be explored by application as Food, and Beverages.
Dairy alternatives market may be explored by distribution channel as Supermarket, Convenience Retailers, PharmacyAsia-Pacific has been at the forefront with regards to dairy alternatives industry and will continue to rule the roost in the years to come.
The 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research.
The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, service Node, DAS); By Core Network Technology (SDN, NFV); By Service(Platform and Software); By Organization Size(SMEs, Large Enterprises); By End User (BFSI, Media and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G is the latest model of the cellular mobile communications with updated and latest technology is very speedy and when combining with new innovative technologies such as Internet of things and smart manufacturing capabilities are going to generate a whole exquisite experience for the customer.
They will establish new connectivity, which will assist the businesses to widen their capabilities.
Recent developments in the market include X50 (baseband), X55 (baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos 5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510.
These instruments offer new and advanced technological features and supports 5G NR radio interference.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/5g-enterprise-market/request-for-sample The prominent factors favoring the global market growth include rising demand of smartphones with advanced features and increasing demand for single network to allow several industries coupling with increasing new developments.
Mar 12, 2020: The global Filters market size is expected to reach USD 110.8 billion by 2027, expanding at a CAGR of 5.1%, according to a new report by Radiant Insights, Inc.
Rapid technological advancements coupled with growing demand for filtration for industrial, commercial, and household purposes is anticipated to drive the market.Presence of stringent regulatory framework, which stipulates lowering of the exhaust emissions, is anticipated to boost the product demand in the automotive industry.
In addition, increasing investments towards the installation of high-quality filters in the cars for cabin air filtration by the automobile manufacturers is anticipated to benefit market growth over the forecast period.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/filters-market/request-sampleGrowing population, depletion of water resources, and contamination of ground and surface water has resulted in an increased adoption of water treatment processes to improve the water quality.
In addition, rapid industrialization in developing economies such as Asia Pacific is anticipated to further result in shortage of potable water, which is likely to promote the demand for water filtration systems.Major market players such as Affinia Group Intermediate focus on integrated third party production/distribution and supply directly to end-use companies.
Further key findings from the report suggest:The ICE filters segment accounted for USD 32.9 billion in 2019 and is projected to witness strong growth over the forecast period on account of growing production of automobiles and rising spending power among people across the globeThe motor vehicle application segment is anticipated to reach USD 55.9 billion in 2027 owing to growing demand for vehicles coupled with rising environmental awareness across the globeThe filters market in Europe is projected to witness a CAGR of 3.7% from 2020 to 2027 and reach USD 25.2 billion in 2027 due to the implementation of stringent regulations by government authorities to control the emission level from automobiles and industrial exhaust emissions in the regionThe market in Asia Pacific accounted for USD 32.1 billion in 2019 and is estimated to grow at a CAGR of 6.4% over the forecast period.
Filters Market - Porter’s Analysis3.10.1 Supplier Power3.10.2 Buyer Power3.10.3 Substitution Threat3.10.4 Threat from New Entrant3.10.5 Competitive Rivalry3.11 Filters Market - PESTEL Analysis3.11.1 Political Landscape3.11.2 Environmental Landscape3.11.3 Social Landscape3.11.4 Technology Landscape3.11.5 Economic LandscapeContinued………….
The report covers all information on the global and regional markets including old and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendors’ information.
The report also provides a complete overview of Electric Vehicle market including Top Players or vendors, application, Type, Share, and latest market trends.The report has been prepared based on the synthesis, analysis, and interpretation of information about the Electric Vehicle collected from specialized sources.
The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players.
Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years.
The Electric Vehicle Market report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study.The study then describes the drivers and restraints for the market along with the impact they have on the demand over the forecast period.
Additionally, the report includes the study of opportunities available in the market on a global level.
