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Showing posts from May, 2020

Canada Electric Car Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

Canada electric car market is estimated to augment at a CAGR of more than 20.0% during the forecast period. Supportive government regulations and subsidies by the government due to environmental concerns is one of the major factors contributing to the growth of the market in the near future. In 2019, subsidies on the EVs had been reduced which result in a slight drop in electric car sales in 2019, however, government is still offering a considerable subsidy on the EVs. As per the Federal ZEV purchase incentive program, people can get an incentive of $2,500 to $5,000 while purchasing the EVs. Moreover, one can get incentives ranging from $625 to $5,000 when taking cars on lease. In addition, the federal government has announced that 10% of the new passenger cars sold in 2025 should be zero-emission in 2025, 30% in 2030 and 100% by 2040.   A full Report of  Canada Electric Car Market at  https://www.omrglobal.com/industry-reports/canada-electric-car-market   The market is analy

Australia Electric Car Market Size, Share, Trends & Forecast 2019-2025

Australia electric car market is projected to show an exponential growth rate during the forecast period. The electric car market is at a preliminary stage in the country and very few car models are available in the market which includes Tesla Model S, 3, and X, Hyundai Kona, Nissan Leaf, and Jaguar I-Pace. Moreover, the electric car share in the automobile market is less than 1% each year which is very low as compared to developed economies all across the globe including Germany, UK, Norway, Japan, and others. Due to the small market size, car sales in the country have almost doubled to around 5,000 in 2019. One of the major restraints to market growth is the lack of any major subsidy on the electric vehicle in the country.   A full Report of  Australia Electric Car Market    at   https://www.omrglobal.com/industry-reports/australia-electric-car-market   Australia electric car market is studied based on vehicle type, propulsion technology, and battery type. On the basis of v

Sweden Electric Vehicle Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

Sweden Electric Vehicle market is estimated to grow at a CAGR of more than 18.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. Under the Swedish government action plan for sustainable development, the government intends to halt the sales of all fossil-fueled cars by 2030 to cut emissions from transport by 70%. To fulfill this intention it is counting on considerable electrification of private cars by further increasing subsidies for purchase and manufacturing of electric vehicles in the country.   A full Report of Sweden Electric Vehicle Marketat   https://www.omrglobal.com/industry-reports/sweden-electric-vehicle-market   Moreover, in 2016, the Government implemente

South Korea Electric Vehicle Market Size, Share, Trends & Forecast 2019-2025

South Korea electric vehicle market is estimated to grow at a CAGR of more than 19.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. According to the government of South Korea, the country aims to secure a market share of 10% in the global electric vehicle market by 2030. Korean companies will invest a significant amount for the development of future technology in the automobile industry. For instance, Hyundai announced to invest $86.4 billion in by 2025 globally for future mobility.    A full Report of  South Korea Electric Vehicle Market   Available at   https://www.omrglobal.com/industry-reports/south-korea-electric-vehicle-market The government of South Korea will

South Africa Electric Vehicle Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

South Africa Electric Vehicle (EV) market is estimated to grow at a CAGR of more than 18.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market.  The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. Furthermore, in South Africa, the EV manufacturer companies are establishing microgrids based on solar that offers a significant opportunity for decentralized charging infrastructure and the introduction of electrified public transport which is providing a is a big opportunity to the market.   A full Report of  South Africa Electric Vehicle Market   Available at   https://www.omrglobal.com/industry-reports/south-africa-electric-vehicle-market The market is segmented on the basis of vehicle type, propulsion technology, and battery

Netherlands Electric Vehicle Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

The Netherlands Electric Vehicle (EV) market is estimated to grow at a CAGR of more than 18% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market.  The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. The Netherlands Electric Vehicle (EV) market is estimated to grow at a CAGR of more than 18% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market.  The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. The growing government tax incentives combined with other waivers such as free parking a

North American Electric Vehicle Charger Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

North American electric vehicle charger market is forecast to grow at a considerable growth rate over the forecast period, 2019-2025. Some of the major factors for the growth of the market include rising electric vehicle market, cohesive government regulations for electric vehicles & its charging infrastructure and significant investment from the government and private companies in developing charging infrastructure in the region. High average cost of the IC engine-based automobile is another major factor for the growth of the market. Some of the major electric vehicle companies working in the region include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla, Inc., Volkswagen AG and so on. The companies are expected to invest a considerable amount in developing charging infrastructure in the region. For instance, in May 2019 Volkswagen AG aims to develop 2,000 charging stations under its Electrify America program.   A full Report of North American Electric Vehicle Cha

Japan Electric Vehicle Charger Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

Japan electric vehicle charger market is anticipated to grow at a CAGR of over 17.0% during the forecast period, 2019-2025. The country is one of the major markets of electric vehicles across the globe. However, consecutive downfalls in electric vehicle sales have been registered in the country in 2019 and 2020. As per the International Energy Agency, the country has the second-largest infrastructure of electric vehicle charging globally after China. In 2016, the country has more charging points (around 40,000) as compared to petrol stations (35,000). For 2013-15, the government of Japan offered around $1.0 billion for developing charging infrastructure which declined to $63 million in 2016-19 as only a third part of 2013-15 was expended. However, government targets and subsidies are expected to provide significant growth to the market. The government aims to install a fast charger in every 15 km and in a radius of 30 km. Furthermore, a subsidy of up to $47,000 can be availed by the

North American Ceramic Matric Composites (CMC) Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

North American ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 8.6% during the forecast period. North America held the largest share of 35.9% in the global CMC market in 2018. The market growth in the region is primarily driven by the high production of aircraft engines and high manufacturing capital in aerospace & defense, coupled with the presence of several small-to-large players in the region. Further, the presence of major aircraft players in the region is offering potential growth opportunities for the market in the region. Along with the presence of major aircraft players, the region significantly invests in military expenditure which as a result, is supporting the market growth. The US and Canada being the major economies of North America spend a substantial amount of the GDP on the military and defense. For instance, as per the Stockholm International Peace Research Institute (SIPRI), the US invested $649 billion in its military spending in 2018.

Japan Ceramic Matric Composites (CMC) Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

Japan ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 9.8% during the forecast period. The CMC market in Japan is growing significantly owing to the increasing R&D activities in the aerospace sector. The CMC’s have various benefits in aerospace, in propulsion and exhaust, thermal protection, and hot primary structure applications among others. Additionally, investments by the government coupled with the projects undertaken by the Japanese Aerospace Industry affect market growth. A full Report of Japan Ceramic Matric Composites (CMC) Market Available at  https://www.omrglobal.com/industry-reports/japan-ceramic-matric-composites-cmc-market The aerospace industry in Japan expanded steadily to satisfy its defense requirements, in recent years’ participation in the international joint development of civil aircraft has increased. In space operations, the development of transportation and satellite systems has been promoted and increased. Thus, the Jap

India Ceramic Matric Composites (CMC) Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

India ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 13.0% during the forecast period. India is estimated to grow at a considerable rate in the Asia-Pacific CMC market. The factors that positively affect the growth of the market include the rising solar power generation in the region. India’s power sector is one of the significantly diversified sectors across the globe. The Indian power sector is enduring a noteworthy change that has redefined the industry outlook. Sustained economic growth endures driving electricity demand in India. Further, the Indian Government is also centered on attaining ‘Power for all’ that has boosted capacity addition in the country. According to IBEF, a total installed power capacity in India stood at 356.82 Gigawatt (GW) as of May 2019.  A full Report of India CMC Market Available at  https://www.omrglobal.com/industry-reports/india-ceramic-matric-composites-cmc-market   CMC is being utilized in power generation technolog