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The global fuel cell trucks market is estimated to register 142,858 unit sales by 2030 , with China accounting for 63.9% Chandran added: “Opportunities for fuel cell trucks to grow in long-haul segments are evident when the industry transitions away from diesel engines. of total global sales.
It will leverage its over 60 years of experience to help Government Agencies, Family Groups and the Private Sector formulate and align strategies to achieve the ambitious goals outlined in The Saudi Vision 2030. The Executive Board has appointed Mr. Robin Joffe as the Managing Director of Frost & Sullivan’s RHQ in Riyadh.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
Overall sales across 10 Caribbean and Central American automotive markets set to surpass 300,000 units by 2030, with battery electric vehicles (BEVs) doubling their share from current levels. BYD has emerged as the frontrunner, forming strategicpartnerships such as its collaboration with ATL Automotive to expand its presence in the region.
The market has made consistent gains in the aftermath of the pandemic with Frost & Sullivan estimating a CAGR of 34.45% from 2023 to 2030. Currently, EVs are priced on an average 25% higher than internal combustion engine (ICE) vehicles, largely due to expensive components like batteries, motors, and power electronics.
Consequently, innovation is taking the form of electrification of powertrains, modifications to engines, switch from diesel to alternative fuels like biodiesel or renewables, and even alterations in tractor implements such as electrification of PTO, no-till technology, variable rate applications, and controlled traffic farming.
The rise of liquefied natural gas (LNG) as a major global commodity required significant investments in infrastructure and partnerships across the value chain. For example, companies like Cheniere Energy collaborated with engineering firms to build massive LNG export terminals along the Gulf Coast, which are responsible for exporting over 3.5
Key Growth Statistics in Asia-Pacific 75% of global semiconductor manufacturing : By 2030, Asia-Pacific will dominate the semiconductor industry, reinforcing its role as a tech hub. 600 billion e-commerce expansion : The region’s digital commerce sector is expected to double by 2030.
Key Growth Statistics in Asia-Pacific 75% of global semiconductor manufacturing : By 2030, Asia-Pacific will dominate the semiconductor industry, reinforcing its role as a tech hub. 600 billion e-commerce expansion : The region’s digital commerce sector is expected to double by 2030.
A critical factor in this growth will be the rising adoption of electric variants, underscored by an estimated compound annual growth rate (CAGR) of 8% in electric forklift unit sales over 2023-2030. In contrast, the appeal of internal combustion engine (ICE) forklifts is expected to decline as businesses move toward cleaner alternatives.
To learn more, please access: Construction and Mining Equipment Electrification Industry, Global, 2024-2035 , Electric Components Market in Off-highway Vehicles, Global, 2024-2035 , Global Forklift Growth Opportunities, Forecast to 2030 , or contact sathyanarayanak@frost.com for information on a private briefing.
To learn more, please access: Construction and Mining Equipment Electrification Industry, Global, 2024-2035 , Electric Components Market in Off-highway Vehicles, Global, 2024-2035 , Global Forklift Growth Opportunities, Forecast to 2030 , or contact sathyanarayanak@frost.com for information on a private briefing.
With the global EW market projected to reach $23 billion by 2030 , organizations investing in cognitive and multi-domain EW capabilities are positioning themselves for a significant strategic advantage. Hydrogen-powered engines and fuel cell technologies promise to drastically reduce carbon emissions.
The cost of cyberattacks is projected to reach $90 trillion by 2030 , underscoring the need for healthcare providers to safeguard sensitive information while leveraging GenAI capabilities. Cybersecurity Concerns: With the rise of sophisticated cyber threats, healthcare organizations must proactively invest in robust cybersecurity solutions.
Download our comprehensive analysis, Top 10 Strategic Imperatives in Growth Opportunities in Chinese Passenger Vehicle Connected Services, Asia today. By 2030, shared mobility could account for 25% of urban transport, influencing private vehicle ownership trends and assuring success to ecosystem participants.
Talent Development: Investing in training programs and upskilling initiatives to equip network engineers, data analysts, and software developers with new technical skills in areas like network architecture, network slicing, and radio access technology.
By Krishna Achuthan, Research Manager – Mobility Bentley Systems, a global leader in infrastructure engineering software, hosted its annual Year in Infrastructure (YII) 2024 event in Vancouver, Canada, on October 8-9, 2024. Ohio Falls River Crossing Towers by Exo Inc., and Singapore’s Public Utilities Board’s Smart Water Grid Program.
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