The electric vehicle industry is growing rapidly, with industry revenue increasing 24.0% annually to reach $48.1 billion over the past 5 years. Government incentives and infrastructure funding are driving this growth, as well as a rise in demand for HEVs, EVs, PEVs, and PHEVs due to elevated fuel prices. With the government investing in the development of smaller and more affordable battery packs, the industry is expected to continue its upward trajectory, with revenue anticipated to rise 15.1% annually to $97.4 billion by 2028. Don’t miss out on this exciting industry, stay ahead of the curve with this comprehensive industry report.
Keep up with the ever-changing energy industry with our expert data and insights on the top growth trends and market developments.
The future of the Nuclear Energy industry is a topic of great debate, but what’s certain is the need for increased safety and efficiency. With global energy demand projected to grow, this industry report provides a comprehensive look at the advancements being made and bold predictions for the future. Don’t miss the real-world examples and quantifiable growth metrics that will shape the future of Nuclear Energy.
Geothermal energy is an efficient and environmentally friendly energy source that is quickly gaining traction as a viable option for many homes and businesses. Geographical limitations, performance issues, and cost of installation can all make geothermal energy a difficult option. Despite these challenges, there are many real-world examples of geothermal energy being used successfully. Geothermal energy has tremendous potential and could be the key to unlocking a sustainable, cost-effective energy source for the future. With the right investments, geothermal energy could transform the way we think about energy consumption.
The oil and gas industry is facing a major disruption due to the ongoing war in Ukraine. With price spikes and competition for LNG shipments on the rise, the industry is looking towards more sustainable solutions such as energy efficiency and clean energy transitions. According to the International Energy Agency, the Asia-Pacific region is expected to account for 50% of global gas demand by 2025, with industry accounting for 60% of global demand. However, these projections are subject to downward risks from high prices and potentially lower economic growth. As the European Union phases out gas imports from Russia, the global repercussions are being felt in the industry.
The utilities sector, including electric power generation and transmission, natural gas distribution, steam supply, water supply and sewage removal, is expected to see a boost in revenue in 2023 due to increased demand for electricity and natural gas, but also face challenges such as expiring tax credits for renewable energy and declining natural gas prices.