Market Research Reports

The globalEV battery market is projected to grow at a CAGR of 25.3% from USD 27.3 billion in 2021 to USD 67.2 billion by 2025. Increasing demand for electric vehicles, improvement in battery technology, supporting government policies and regulations, and the launch of new plug-in EV models are factors responsible to drive the EV battery market. Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around the world are encouraging the adoption of vehicles using alternative sources of fuel. EVs are zero-emission vehicles and are gaining preference for clean public transport across countries. Several national governments offer financial incentives, such as tax exemptions and rebates, subsidies, reduced parking/toll fees for EVs, and free charging, to encourage the adoption of EVs. Thus, globally the requirement for EV batteries is gaining fast pace. For a sample report please visit: https://www.statzyreports.com/report/sr497673/ele

The electrical enclosures market was valued at USD 5.80 billion in 2020 and is expected to reach USD 9.49 billion by 2026, at a CAGR of 8.57% over the forecast period (2021-2026). Owing to the increasing power and industrial infrastructure, the need for protection of the workplace and workforce is also increasing, which has led to the adoption of safety standards for the equipment in the industries. This has made electrical enclosures a crucial element in industrial and residential applications.  Global energy consumption continues to grow at about 1.9% annually, according to the Precision Metal Industries, as demand for electricity is increasing, as the trend for an ever-connected world accelerates.  Power generated from solar and wind sources uses sensitive electrical components and batteries that if exposed to the elements cause a system failure. Therefore, the energy generation sector is significantly using electrical enclosures for safety purposes.   The acceptance of industrial

The electrical enclosures market was valued at USD 5.80 billion in 2020 and is expected to reach USD 9.49 billion by 2026, at a CAGR of 8.57% over the forecast period (2021-2026). Owing to the increasing power and industrial infrastructure, the need for protection of the workplace and workforce is also increasing, which has led to the adoption of safety standards for the equipment in the industries. This has made electrical enclosures a crucial element in industrial and residential applications. Global energy consumption continues to grow at about 1.9% annually, according to the Precision Metal Industries, as demand for electricity is increasing, as the trend for an ever-connected world accelerates. Power generated from solar and wind sources uses sensitive electrical components and batteries that if exposed to the elements cause a system failure. Therefore, the energy generation sector is significantly using electrical enclosures for safety purposes.   The acceptance of industrial an