Electric Light Commercial Vehicle Market Size, Share, Growth & Forecast 2030

Electric Light Commercial Vehicle Market

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 low-emission commuting and government subsidies and tax breaks for zero-emission …

Automotive Lighting Market Size, Share, Growth and Forecast 2030

Automotive Lighting Market

The Automotive Lighting market worldwide size was valued at USD 22.5 billion in 2023 and is expected to reach USD 30.4 billion by 2030, at a CAGR of 4.4%. Automotive Lighting is undergoing a transformative evolution driven by technological advancement, increasing safety concerns among car users, and …

Driving Innovation: Electric Motors Market Transforming US Manufacturing

Electric Motors Market

The electric motors market in the U.S.  is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rising demand for energy-efficient motors across diverse industries such as Industrial, Commercial, Residential, Agriculture, and Transportation. Among …

Driving Growth: The Rising Demand for Brushless DC Motor Market in the US

Brushless DC Motor Market

The brushless DC motor market in the U.S.  is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rapid proliferation of motor drives across diverse industries such as automotive, consumer electronics, medical devices, manufacturing, …

Global Automotive Industry Outlook, Size, Share, Trends, Industry Forecast 2024

Global Automotive Industry

The Global Automotive market will have a global passenger vehicles and commercial vehicles combined sales of 92 million units in 2023 and is projected to 95 million units in 2024, witnessing a YoY growth of 3.1% from 2023 to 2024. The growth of the automotive …

Brushless DC Motor Market worth $17.6 Billion by 2028

Brushless DC Motor Market

The global Brushless DC Motor Market is expected to reach USD 17.6 billion by 2028 from USD 12.1 billion in 2023 at a CAGR of 7.9% during the 2023–2028 period according to a new report by MarketsandMarkets™. The increasing adoption of Brushless DC motors is driven by their …

What’s Driving the Growth of Electric Traction Motor Market?

Global Electric Traction Motor Market Outlook In the continuously changing transportation sector, the Electric Traction Motor Market is emerging as a vital actor, accelerating the transition to sustainable and electrified mobility. This article digs into the dynamics, trends, and technologies that shape this market, emphasizing …

Electric Traction Motor Market to See Huge Growth

The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period. Growing demand for high-performance motors, across the end use segment …

Blue Hydrogen: A Clean and Sustainable Energy Solution for the Future

Blue Hydrogen Market

The global Blue Hydrogen Market is expected to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, at a CAGR of 11.9% during the forecast period. The blue hydrogen market has a promising growth potential due to several factors, including the role of blue …

Rising Demand for Lithium Iron Phosphate Batteries Drives Market Growth

Lithium Iron Phosphate Batteries Market

The global lithium iron phosphate batteries market is expanding rapidly due to rising demand for rechargeable batteries in a variety of end-use sectors such as automotive, power, and electronics. Lithium iron phosphate (LFP) batteries are a type of rechargeable battery that has a high energy …

Blue Hydrogen Market to Witness Promising Growth by 2030

Blue Hydrogen Market

The global Blue Hydrogen Market is projected to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, at a CAGR of 11.9% according to a new report by MarketsandMarkets™. The factors driving the growth of the Blue Hydrogen Market are the …

Brushless DC Motor Market will Hit Big Revenues in Near Future

Brushless DC Motor Market

The global brushless DC Motor market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. Increasing industrial applications of these motors and surging adoption of brushless DC motors …

Electric Commercial Vehicle Market: Opportunities & Prominent Trends

electric commercial vehicle market

The Global Electric Commercial Vehicle Market size is projected to grow from 353 thousand units in 2022 to 3,144 thousand units by 2030, at a CAGR of 31.4%. The demand for electric commercial vehicles like electric buses, electric trucks, electric pickups and electric vans is …

Brushless DC Motor Market to Show Strong Growth in Near Future

Brushless DC Motor Market

The global brushless DC Motor market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. Increasing industrial applications of these motors and surging adoption of brushless …