The Asia Pacific electric vehicle market is projected to reach USD 326.5 Billion by 2030 at a CAGR of 6.9% during the forecast period in the passenger car segment. Europe is expected to witness significant growth in the <125 MPH segment of the electric vehicle market during the forecast period...
The global electric motor market size was valued at USD 128.35 billion in 2023 and is projected to grow from USD 137.12 billion in 2024 to USD 246.59 billion by 2032, exhibiting a CAGR of 7.61% during the forecast period. Asia Pacific dominated the electric motor market with a market share ...
Global Electric Vehicle Market Snapshot Attribute Detail Market Size Value in 2021 (Base Year) US$ 147.8 Bn Market Forecast Value in 2031 US$ 1.9 Trn Growth Rate (CAGR) 29.5% Forecast Period 2022-2031 Quantitative Units US$ Bn/Trn for Value and Units for Volume Market Analysis It...
What is the size of the battery electric vehicle market? Which vehicle segment is likely to witness the most growth in the BEV industry by 2032? Why is Asia Pacific slated to emerge as a revenue pocket for battery EV industry players?
Asia Pacific exhibits a clear dominance, accounting for the largest electric vehicle market share The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Norway, Netherlands, Sweden, the United King...
Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and Trends Segments Coveredtechnology, top speed, range, vehicle drive type, end-use, and vehicle type and Region Geographies CoveredEurope, North America, Asia-Pacific, Middle East & Africa, and South America ...
electric vehicle technology developers. These companies have adopted the strategies of new product developments, acquisitions, agreements, collaborations, expansions, joint ventures, partnerships, and supply contracts to gain traction in the market. Partnership and collaboration are the most widely adopted ...
registered for alternative driving by 2025 and at least 65% under the Under Clean Vehicle Directive by 2030. Similarly, the Swedish government plans to expand e-buses penetration to 15% by 2022. Thus, these initiatives shown by the governments are further fueling the growth of the market. ...
Key catalysts that are fueling multilayer ceramic capacitor (MLCC) growth in the electric vehicle market The market dynamics demonstrate, in terms of value, Asia Pacific supremacy with a dominant 44.97% market share, while North America and Europe maintain 23.57% and 22.80% shares, respectively. ...
The African electric vehicle market demonstrates significant potential for growth, driven by increasing environmental consciousness and supportive government initiatives. The region is witnessing a transformation in its automotive landscape, with several countries implementing policies to promote electric vehicle ...