Industry Forecast

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…

Automotive Engineering Services Market Forecast to 2027

The global automotive engineering services market is expected to reach $18.6 billion by 2027, growing at a CAGR of 6.7% during the forecast period of 2020 to 2027. The growth in this market is majorly attributed to the factors such…

Electric Vehicle Global Forecast to 2030

The Electric Vehicles Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a CAGR of 21.1% during the forecast period. The base year for the report is 2018, and the forecast period…

Global Hub Motor Market Forecast For Electric Vehicle, 2020 – 2030

The global hub motor market for electric vehicle is expected to reach US$ 27.4 Bn mark by the end of 2030. Automotive companies are increasingly focusing on minimizing air pollution and depletion of conventional fossil fuels to gain a competitive…

Electric Vehicle Battery Thermal Management Systems Market Size Worth To Be $12.1 Billion By 2027

The global electric vehicle battery thermal management systems market size is expected to reach USD 12.1 billion by 2027, registering a CAGR of 28.5% from 2020 to 2027. Increasing adoption of electric vehicles (EVs) across the globe is the primary…

India’s EV Component Market To Grow At 22.1% CAGR Till 2030

India is presently witnessing a rapid rise in the adoption of electric vehicles (EVs). Additionally, a decline is being seen in the price of various components, which is making EVs more affordable for people. Both these factors are projected to…

Global Electric Vehicle Speed Reducer Market Growth 2019-2024

The Global EV Speed Reducer market is projected to register a 41.9% CAGR in terms of revenue, the global market size will reach US$ 1340 million by 2024, from US$ 160 million in 2019. EV Speed Reducers are devices between…

The Global Automotive Electronic Control Unit Industry Is Forecasted To Reach USD 106.88 Billion By 2025

The global automotive electronic control unit industry is expected to witness significant growth by reaching USD 106.88 billion by 2025, while exhibiting a CAGR of 6.5% between 2019 and 2025. The market was worth USD 70.02 billion in 2018. An…

Global Electric Vehicle Traction Motor Market Is Projected To Reach USD 40.16 Billion By 2027

Electric Vehicle Traction Motor Market was valued at USD 2.63 Billion in 2019 and is projected to reach USD 40.16 Billion by 2027, growing at a CAGR of 40.7 % from 2020 to 2027. An Electric Vehicle Traction Motor uses…