The global electric vehicle landscape is rapidly evolving, primarily resulting from changes in regulations, consumer behavior, and technology. Governments across the globe are offering incentives to accelerate the penetration of electric vehicles across all areas, i.e., land, sea, and sky. With the rapid adoption of electric vehicles, the industry is speculated to be a single multi-trillion-dollar fastest-growing ecosystem for all economies.
Battery efficiency and charging time are critical to the adoption of electric vehicles. Hence, these two areas are the focus of innovation of global EV manufacturers and battery solution providers. Today, various automakers are also increasingly partnering with battery OEMs to develop lithium-ion batteries, secure the battery supply chain for their existing and upcoming electric vehicles, and achieve technology leadership in EV batteries. The interdependencies among stakeholders are creating numerous business opportunities across the value chain.
We at Meticulous Research® are closely tracking growth opportunities in the electric vehicle ecosystem and are enabling industry stakeholders to leverage the business opportunities emerging from the technological advancements in this industry.
Government initiatives to drive the adoption of EVs and associated infrastructure
Rising demand for EV fast-charging infrastructure
Increasing R&D in V2G technology
Rapid advancements in battery technology and declining battery prices
Rapidly increasing adoption of electric mobility in emerging economies
Increasing investments by ride-hailing companies in the micromobility space
The EV Battery Recycling Market is projected to reach $15.8 billion by 2030, at a CAGR of 32.1% during the forecast period 2023–2030. The growth of this market is mainly driven by the stringent government regulatory framework, increasing demand for electric vehicles ...
The Battery Management Systems Market is projected to reach $34.8 billion by 2030, at a CAGR of 20.5% during the forecast period of 2023 to 2030. The growth of this market is driven by the growing government initiatives to encourage the adoption of electric mobility, ...
The Flow Battery Market is projected to reach $885.3 million by 2030, at a CAGR of 17% during the forecast period of 2023 to 2030. The growth of this market is driven by the high demand for flow battery in utilities and the increasing investments in renewable energy. ...
The EV Battery Management Market is projected to reach $37.3 billion by 2029, at a CAGR of 30.5% from 2022–2029. The growth of this market is attributed to the increasing adoption of electric vehicles, the increasing safety concerns related to EV batteries, the ...
The Energy Infrastructure for EV Charging Stations Market is expected to reach $20 billion, at a CAGR of 36% during the forecast period 2022–2029. The growth of this market is mainly attributed to factors such as government initiatives to drive the adoption ...
The Special Purpose Electric Vehicle Market is expected to grow at a CAGR of 13.1% from 2022 to 2029 to reach $113.75 billion by 2029. By volume, this market is expected to grow at a CAGR of 13.8% from 2022 to reach 2.57 million units by 2029. The growth of this ...
The Battery Energy Storage System Market is expected to reach $16.21 billion, at a CAGR of 27.3% during the forecast period 2022–2029. The fast growth of this market is attributed to the increasing demand for grid energy storage systems due to rapid grid modernization, ...
The Asia-Pacific Electric Vehicle Market is expected to grow at a CAGR of 35% from 2022 to 2029 to reach $2,688.23 billion by 2028. By volume, this market is expected to reach 389.62 million units by 2029, at a CAGR of 30.3% during the forecast period. The growth ...
The Solid-state Battery Market is expected to reach a value of $3.87 billion by 2029, at a CAGR of 58% during the forecast period 2022–2029. By volume, this market is expected to grow at a CAGR of 72% from 2022 to reach 7.7 GWh by 2029. The high energy density ...
The Europe Electric Scooter Market is expected to grow at a CAGR of 24.2% from 2022–2029 to reach $ 83.94 billion by 2029. By volume, this market is expected to grow at a CAGR of 24.5% from 2022–2029 to reach 35.53 million units by 2029. The growth of this ...
The Asia-Pacific EV Charging Stations Market is expected to reach a value of $69.57 billion by 2029, at a CAGR of 30.8% during the forecast period 2022–2029. By volume, this market is expected to grow at a CAGR of 40.8% from 2022 to reach 10.1 million units by ...
The North America EV Charging Stations Market is expected to reach a value of $30.62 billion by 2029, at a CAGR of 33.6% during the forecast period 2022–2029. By volume, this market is expected to grow at a CAGR of 35.7% from 2022 to reach 2.93 million units ...
The North America Electric Vehicle Market is expected to record a CAGR of 39.4% from 2022 to 2029 to reach $570.47 billion by 2029 from an estimated $55.81 billion in 2022. By volume, this market is expected to reach 7.62 million units by 2029 from an estimated ...
The Asia-Pacific Electric Scooter Market is expected to grow at a CAGR of 28.9% from 2022–2029 to reach $625.03 billion by 2029. By volume, this market is expected to grow at a CAGR of 26.4% from 2022–2029 to reach 266.04 million units by 2029. The growth ...
The North America Electric Scooter Market is expected to grow at a CAGR of 41.6% from 2022–2029 to reach $ 15.41 billion by 2029. By volume, this market is expected to grow at a CAGR of 28.0% from 2022–2029 to reach 3,182.6 thousand units by 2029. The growth ...
The Asia-Pacific EV Battery Market is expected to reach a value of $120.9 billion by 2029, at a CAGR of 23.3% during the forecast period 2022–2029. The increasing adoption of EVs in emerging economies, growing investments by leading automotive OEMs to set up ...
The Europe EV Battery Market is expected to reach a value of $94.41 billion by 2029, at a CAGR of 45.8% during the forecast period 2022–2029. The rising adoption of EVs, decreasing battery prices, and increasing investment by leading automotive OEMs to secure ...
The North America Electric Vehicle Battery Market is expected to reach a value of $22.79 billion by 2028, at a CAGR of 30.2% during the forecast period 2021-2028. Increasing investments by leading automotive OEMs for setting up battery manufacturing facilities ...
The Automotive Powertrain Sensors Market is expected to grow at a CAGR of 6% from 2021 to 2028 to reach $26.47 billion by 2028. By volume, the automotive powertrain sensors market is expected to reach 5,615.2 million units by 2028, at a CAGR of 8.3% during the ...
The Asia-Pacific Electric Car Market is expected to reach a value of $761.97 billion by 2028, at a CAGR of 34.6 % during the forecast period 2021-2028. By volume, this market is expected to grow at a CAGR of 40.4% from 2021 to reach 53.8 million units by 2028. ...
The European Electric Car Market is expected to reach a value of $855.17 billion by 2028, at a CAGR of 40.7 % during the forecast period 2021-2028. By volume, this market is expected to grow at a CAGR of 29.6% from 2021 to reach 11.9 million units by 2028. Supportive ...
The North America Electric Car Market is expected to reach a value of $329.57 billion by 2028, at a CAGR of 35.2% during the forecast period 2021- 2028. By volume, this market is expected to grow at a CAGR of 18.7% from 2021 to reach 2.9 million units by 2028. ...
The Electric Vehicle Battery Market is expected to reach a value of $175.11 billion by 2028, at a CAGR of 26% during the forecast period 2021-2028. Increasing adoption of EVs worldwide, decreasing battery prices, and increasing investment by leading automotive ...
The EV Charging Station Raw Materials Market is expected to reach a value of $4.91 billion by 2028, at a CAGR of 34.1% during the forecast period 2021-2028. In terms of volume, this market is expected to grow at a CAGR of 45% from 2021 to reach 665,984.3 metric ...
The Electric Scooter Market is expected to reach a value of $644.5 billion by 2028, at a CAGR of 29.4% during the forecast period 2021-2028. By volume, this market is expected to grow at a CAGR of 21.2% from 2021 to reach 209.0 million units by 2028. Increasing ...
