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26 Sep 2019  |  Asia Pacific  |  Market Research
Strategic Analysis of China’s Electric Passenger Vehicle Market, 2018–2025
New Energy Vehicles (NEVs) and Government Regulations to Rapidly Boost Chinese EV Market
In 2018, Chinese electric passenger vehicle sales increased by 78.3% year-on-year and achieved total sales of 1,181,920 units. Going forward, the electric passenger vehicle market is forecasted to experience rapid growth at a compound annual growth rate (CAGR) of 29.9% during 2018–2025. China’s electric passenger vehicle market is greatly boosted ...
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30 Dec 2022  |  North America  |  Market Research
Opportunity Analysis of EV Digital Products and Services
Mega Trend of Industry Convergence (EV and Energy) and New Business Models, such as EaaS, BaaS, and CaaS
The electric vehicle (EV) market is growing rapidly and impacting the energy market and associated services. As OEMs integrate more software-defined solutions into EVs, a potential market for digital products and services (P&S) exists. EV-dedicated digital P&S allows key participants to continuously monetize these solutions through new revenue mode...
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20 Oct 2021  |  Asia Pacific  |  Market Research
ASEAN Hybrid and Electric Vehicle Growth Opportunities
The Transformative Mega Trends Driving Energy-efficient and Electrification Technologies in Indonesia, Malaysia, and Thailand
Major Association of Southeast Asian Nation (ASEAN) countries rely on internal combustion engine (ICE) passenger vehicles. National incomes and infrastructure development also drive motorcycles’ popularity. Hybrid and electric vehicle penetration only accounted for 0.3%, 1.3%, and 9%, respectively, in the total new passenger vehicle sales in Indone...
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11 Feb 2019  |  Global  |  Market Research
Voice of Customer Analysis of the Global Residential Battery Storage Market, 2016
Understanding Consumers’ Perceptions, Expectations, and Willingness to Pay for Residential Battery Energy Storage Solutions is Key to Market Success
The residential battery storage market is being spurred on by feed-in tariff and net metering revisions in residential PV hotspots, subsidies and tax incentives, rapid reductions in lithium-ion battery prices, and rising electricity tariffs. This is resulting in a shift from policy-driven markets for solar power grid trade to self-consumption-drive...
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07 Sep 2021  |  Global  |  Market Research
Fuel Cell—Hydrogen Policy and Regulations by Key Countries
Hydrogen Economy is Fast Becoming a Transformative Mega Trend, with Policies Across the Globe Offering Growth Potential for Technology and Consumption of Renewable Energy and Low-carbon Hydrogen
The Paris Accord of 2015 is a major landmark for global climate action and move toward a zero-carbon society. Understandably, this has led to a vast interest in renewable power across the globe. However, this alone is not enough to decarbonize the global community. Hydrogen is fast becoming a key component in the transition from a petroleum econ...
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06 Jun 2023  |  North America  |  Market Outlook
2023 Prediction of Global Electric Car Growth Outlook
The Strong Transition Towards Electrification Will Continue With an Estimated EV Penetration of 18–19% Selling Over 15.2 Million Units
This Frost & Sullivan study provides an outlook for the electric vehicle industry based on the latest industry data; it provides an outline of current trends and an in-depth analysis of future developments, as well as a breakdown of the main stakeholders in the sector and their performance. EV sales in 2022 amounted to a total of 10.5 million, of...
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22 Jun 2020  |  North America  |  Market Research
Strategic Analysis of the Canadian EV Market
Toyota and Tesla Have Monopolized the Hybrid and the BEV Markets, Respectively, While Hyundai-Kia Has Offerings Across All xEV Types
The automotive industry is rapidly evolving in terms of technology as well as its ability to tackle environmental issues. Electric vehicles (EVs) were introduced as a clean energy initiative as they are low- or zero-emission vehicles; now, however, they have become an integral part of OEMs’ business strategies. Automakers are creating separate EV b...
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10 Dec 2020  |  Europe  |  Market Research
Strategic Analysis of the Electric Vehicle Market in Norway
The Benchmark for EV Adoption
The automotive industry is rapidly evolving in terms of technology and tackling environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative as they have low or zero emissions and are becoming an integral part of the OEMs business strategies. Automakers are creating separate EV business units to prepare for the ex...
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16 Aug 2021  |  Asia Pacific  |  Market Research
South Korean Electric Vehicle Growth Opportunities
Technology Strategy of South Korea will Transform it into a Leader with Global Influence
Automotive industry is rapidly evolving in terms of technology as well as tackling environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative due to low or zero emissions and have come a long way to become an integral part of OEMs’ business strategies. Automakers are creating separate EV business units to be p...
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24 Jun 2021  |  North America  |  Market Outlook
Global Powertrain Outlook 2021
Powertrain Electrification Offers Future Growth Potential through mHEVs, PHEVs, and BEVs, While Diesel Powertrains are Fast Fading From Organizations’ Technology Strategy
The global powertrain industry continues to be dominated by internal combustion engines (ICE), specifically, gasoline engines, while diesel engine’s share has been falling since the dieselgate scandal. While the share of IC engines operating on alternate fuels has remained constant, vehicle electrification is on the rise. Irrespective of the t...
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