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San Antonio, Texas–June 21, 2022– The demand for energy-efficient lighting, alongside regulatory compliance and building codes are key drivers propelling the lighting controls market, finds Frost & Sullivan’s recent analysis, Growth Opportunities in Global Lighting Controls Industry. billion by 2028 from $7.13
million in 2028. Accordingly, partnerships aimed at facilitating integrated charging and battery analytics will offer tremendous growth potential in the EV fleet management market. Frost & Sullivan research projects steady growth in the EV fleet management market in North America and Europe from $24.6 million in 2022 to $594.6
Frost & Sullivan’s recent analysis, Top 50 Start-ups Advancing Decarbonization and Digitalization in the Global Homes & Buildings Industry , finds that the need to address carbon emissions and energy savings encourages startups to invest in technologies and adopt new business models to strengthen their digital building portfolios.
North America – Accelerating enterprise digital transformation by focusing on sustainability, energy efficiency, immersive technologies, and innovative cooling solutions. India accounts for about 92% of the total South Asian colocation services industry, set to grow at a compound annual growth rate (CAGR) of 6% from 2023 to 2028.
billion by 2028, up from $103.09 Develop green MC products that promote sustainability and energy efficiency during the building life cycle. In response to socioeconomic trends such as the labor shortage, sustainability, and customer demand, MC aims to address the post-pandemic era’s call for more efficient construction methods.
Adapting to Transformative Megatrends: With growing awareness about environmental sustainability, the demand for energy-efficient and green data centers is rising. Consequently, providers feel the urgency to adopt sustainable practices, advanced cooling solutions, and renewable energy sources to reduce their carbon footprints.
In publicly shared views, Vinnie Mehta, Director General, ACMA noted,” The aftermarket space has immense potential and is expected to reach USD 14 billion by 2028 and Automechanika provides the platform to our domestic component manufacturers to showcase their offering at a global scale.”
This is seen as yielding advantages in terms of scale and cost competitiveness while allowing battery costs to be halved by 2026 and further reduced by 65% by 2028. This technology is hyped as having twice the energy density, a third less the charging time, and half as costly as lithium-ion batteries.
From April 2021, all its new BEVs had the company’s proprietary, high energy density, Blade Battery, with this performance-enhancing, lithium-iron-phosphate battery pack technology poised to be made available to other EV manufacturers, including Tesla. In Europe, German car rental company Sixt is contracting for 100,000 EVs from BYD by 2028.
Embedded Connectivity to Redefine Two-wheeler Technology As the penetration rate of connected two-wheelers is projected to soar, with E2Ws reaching 80% and internal combustion engine (ICE) two-wheelers 60% by 2028 , embracing embedded connectivity has become highly critical.
million in 2028. Gogoro created its own ecosystem with sustainable technology—battery swapping, a virtual power plant, and Smart Gen—for an efficient energy distribution strategy. Led by South Asia, APAC and ASEAN, annual sales are set to increase to almost 56.3 Our Top Predictions In 2024, the industry will grow by 1.6%
For instance, this agenda promotes the sustainable use of resources and renewable energies, smart cities, and the preservation of ecosystems and biodiversity. The European Energy Exchange Group ( EEX ) classifies credits commercialized in the voluntary carbon market in a similar way but with different terminology.
To learn more about Private 5G Networks, Global, 2024–2028, click here. How will your team shift its focus toward private network solutions to balance the cyclical nature of public infrastructure spending?
Extended reality plays a crucial role in the energy sector’s digital transformation, offering users immersive experiences within intricately designed 3D virtual environments. in global VR/AR-MR market revenues from 2023 to 2028. Collaboration across the industry is essential to unlocking this potential.
As sustainability imperatives and energy security concerns intensify, the global automotive sector is undergoing a fundamental shift. The alternative fuels market is highly competitive, with major energy corporations investing in various fuel technologies. This will drive increased investment in biofuel refineries and supply chains.
With ultra-low latency and high-speed networks, cities can better optimize traffic flow, enhance public safety, and improve energy efficiency. Sustainable Urban Development : Smart grids and energy-efficient infrastructure to meet climate goals and emission targets.
With rising demand for electric vehicles (EVs), renewable energy storage, and advanced consumer electronics, battery material innovation has become a critical factor in shaping energy efficiency, supply chain resilience, and environmental impact. Growth Opportunities: AI-based energy management systems.
Unlike conventional lithium-ion (Li-ion) batteries, SSBs replace liquid electrolytes with solid materials, promising superior energy density, faster charging times, and enhanced safety. This expansion will be fueled by increasing demand for high-performance batteries across the EV, consumer electronics, and renewable energy storage sectors.
This implies that, although O-RAN and vRAN currently represent only a small fraction of the overall RAN industry, they are poised for significant growth through to 2028, while outpacing traditional RAN, and altering competitive dynamics.
From 2024 to 2028, more and more new players will emerge, with robotic platforms competing not just on capability, but on adaptability, cost-efficiency, and deployment speed. Engineers are developing new energy storage systems and high-tolerance components to prevent failure during long-haul missions. Whos Leading the Charge?
Investments in renewable energy for public transport, electric vehicle (EV) adoption, and improved multimodal connectivity are defining the next generation of urban transport strategies. Shenzhen plans to expand its metro network to 840 km by 2028, with over 1,000 km of combined metro, light rail, and intercity rail by 2035.
Established players, such as Hero MotoCorp and Bajaj, are competing with newer entrants like Ather Energy and Ola Electric, creating a dynamic market environment. Investment in the sector has also been significant, with startups such as Ather Energy, Ultraviolette, and River attracting substantial equity funding.
Besides cost, other advertised benefits include improved range, higher energy density, faster charging times, better-charging capabilities, and enhanced safety and performance. Taking the Measure of Solid-state Energy Batteries. The race towards commercializing these batteries is picking up pace. Scaling up will remain a challenge.
Frost & Sullivans latest macroeconomic thought leadership explores how escalating tariffs, regulatory overhauls, and geopolitical shifts could define the global economic landscape between 2025 and 2028. US clean energy firms may face tougher regulations, requiring product diversification and market expansion in Asia and Europe.
A proposed 25% tariff on Mexican and Canadian goods, excluding Canadian energy products, which face a reduced 10% rate, is also in the pipeline. Exhibit 2 outlines the likely and implemented tariffs for 2025-2028, along with tariff implications. Exhibit 2: Trump 2.0
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