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Industry Forecast

India eRickshaw Market 2020-2025

The market for eRickshaws to reach close to a million units by FY25 owing to a revival of public transportation and tourism, demand from tier 1 & 2 cities, growing replacement demand, and an increase in penetration of vehicle financing….

India’s Transition To EVs Will Require $266 Billion Investment Over Next Decade: Report

India’s Electric Vehicle (EV) transition will require a cumulative capital investment of $266 billion, around Rs 19.7 lakh crore, in EVs, charging infrastructure, and batteries over the next decade, according to a new report by Niti Aayog and Rocky Mountain…

Battery Recycling Market Global Forecast To 2025

The battery recycling market is estimated to grow from USD 17.2 billion in 2020 to USD 23.2 billion by 2025, at a CAGR of 6.1% from 2020 to 2025. Reasons for growth of the battery recycling market include rising concerns…

Industrial Segment Of Global Lithium-Ion Battery Market Could Exceed $24 Billion By 2027

The lithium-ion batteries have become intertwined with all facets of modern life. The lithium-ion battery is used in electronic devices such as smartphones, power tools, digital cameras and especially in the ever growing Electric Vehicle (EV) marketplace. Hence, the demand…

Intelligent Power Module Market Revenue To Cross USD 2.5 Bn By 2026

According to a latest report, the market valuation of intelligent power module will cross $2.5 billion by 2026. The growing adoption of intelligent power modules in power converters, electric motor drives for aircraft will fuel the market growth over the…

ADAS And Autonomous Driving Components Market Size Worth To Be USD 118.03 Bn By 2027

The global ADAS and Autonomous Driving Components Market size was valued at USD 24.05 billion in 2019 and is anticipated to reach USD 118.03 billion by 2027 at a CAGR of 21.9%. Factors affecting the increasing demand for the Advanced…

Demand For Electric Vehicle Supply Equipment In India Growing Due To Surging Pollution

The need for increasing the adoption of electric vehicles in India is extremely high, since the country is among the most polluted countries across the world. Owing to the large population and rising disposable income, the number of vehicles on…

Micro Electric Vehicles (EV) Market To Worth USD 5814.7 Million By 2026

The global micro electric vehicles market size is projected to gain momentum owing to the increasing popularity of micro-mobility services. This, coupled with the rise in environmental concerns that promotes the use of eco-friendly products, commodities, and services. According to…

Electric Vehicle Communication Controller Market Global Forecast To 2027

The electric vehicle communication controller (EVCC) market is projected to reach USD 563 million by 2027 from an estimated USD 55 million in 2019, at a CAGR of 33.8%. The growth of the controller market is driven by the increasing…

Global Lithium Compounds Market (2020 to 2025)

Growing Demand for Batteries Lithium compounds have been majorly used in lithium-ion rechargeable battery technologies to save and consume energy. Lithium-Ion batteries find their application in electronics such as mobile phones, cameras, laptops, power tools and vehicles amongst others. Lithium-Ion…