Government Initiatives Drive Electric Vehicle Fast-Charging Infrastructure Market

In 2021, the size of the electric vehicle fast-charging infrastructure market stood at $3,240.7 million; it is expected to grow at a CAGR of 21.7% from 2021 to 2030 and hit the $18,909.8 million value by 2030. The environmental concerns are booming the demand for electric vehicles led by zero emissions to save the earth from global warming, greenhouse gas emission and climate change. Government initiatives to promote electric vehicles are also driving the market. 

Electric Vehicle Fast-Charging Infrastructure Market 2022-30

Under the application segment, the public fast chargers dominate the electric vehicle fast-charging infrastructure market, attributed to the mass installation of public fast chargers for electric vehicles. Numerous original equipment manufacturers and electric vehicle network manufacturers are installing fast chargers at various sites such as parking lots, fuel stations, government offices, and hospitality facilities. For example, the U.S. government announced an investment of around $7 billion by implementing the Bipartisan Infrastructure Law, intending to deploy 500,000 public chargers by 2030. 

The increased investments to facilitate the mass adoption of electric cars with the construction of appropriate infrastructure such as installing fast-chargers boost the market. The countries such as the U.S, China and Germany are making heavy investments in R&D to cater to the rising demand for fast and efficient electric vehicle charging. For instance, Ford is planning to make investments to increase the production of electric vehicles to reach the number of 600,000 units by 2023. 

APAC holds the most-significant electric vehicle fast-charging infrastructure market share, attributed to the rising trend for clean transportation, creating an opportunity for network operators to expand. Governments’ initiatives to promote electric vehicles through state regulations and announced investments for infrastructure development drive the market, leading to increased adoption of zero-emission automobiles. For instance, the installation of fast-charging stations is rising in Australia, facilitated by government initiatives to promote zero-emission transportation.

Therefore, the government initiatives to promote electric vehicles, attributed to the environmental concerns to control the greenhouse gas emission resulting in global warming, are driving the market.  

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Global Solid-State Battery Market Will Reach $3,915 Million by 2030

In the year 2030, the solid-state battery market will reach $3,915 million from $290 million in 2021, at a mammoth 33.5% CAGR in the coming years. The increasing acceptance of gadgets, the rising disposition of EVs, and the rising efficacy of battery managing and energy storing systems are the main factors pushing the industry. Furthermore, the market will be influenced by an increasing volume of robot shipments worldwide. Furthermore, the increasing R&D actions related to solid-state batteries, rising disposition of IoT, and contraction of electronic devices have appeared as the foremost driving forces.

Thin-film batteries had the majority of the share of the solid-state battery market in the recent past, and they are all set to propel at a healthy growth rate to touch $3,486 million by the year 2030. These variations are normally put in fitness bands and smartwatches, because of their smaller size, effective revitalization rate, higher output voltage, lesser weight, advanced energy concentration, higher elasticity, lower possibilities of electrolyte leak, extended shelf life, tighter packing, shortened structure.

In the year 2021, APAC accounted for the largest share in the solid-state battery market, of about 50%, and this will continue in the near future as well. Progressions in the renewable energy sector, a large customer base for movable electronics, and progress in the use of battery management systems are the aspects instigating the sales of these batteries. Furthermore, public establishments in India and China aim to decrease the carbon emission of vehicles and improve the usage of electric vehicles.

Solid-state batteries are advanced to deliver higher energy concentrations, which will advance their proficiencies, therefore resulting in increased sales. For example, in September 2021, scholars from University of California, San Diego, advanced a new battery blending a solid-state electrolyte along with an all-silicon anode, giving improved energy density. Silicon anodes have tenfold higher energy concentration as compared to graphite anodes, usually used in lithium-ion batteries. Also, for uses like grid storage and electric vehicles, these batteries are harmless and enduring.

The demand for solid-state batteries is increasing with the increasing acceptance of electric vehicles.

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How Will the Rising Number of Residential and Commercial Projects Boost the New Zealand Ventilation Products Market?

 In 2021, the New Zealand ventilation products market was valued at $113.8 million and is projected to touch $183.2 million in 2030. The market is predicted to grow at a 5.4% CAGR from 2021 to 2030 owing to the growing count of commercial and residential projects, rising inclination toward decentralized ventilation, increasing awareness about the environment and health. By removing odor, these products develop a sustainable atmosphere. Furthermore, as inhalation of harmful pollutants and chemicals can adversely affect health, there will be a surge in the need for such solutions in the forecast period.

New Zealand Ventilation Products Market Insight Forecast Through 2030

The rapid adoption of technological advancements will drive the New Zealand ventilation products market. This can be ascribed to the consistent efforts of producers who have developed ventilation products that provide protection against pollutants, viruses, and bacteria amid the spread of the pandemic. There is a paradigm shift among the companies for an amplified filtration ability. This assists in curbing the accumulation of pollutants and germs in the vicinity. However, this has the disadvantage of causing a high drop in pressure within spaces.  Other technological innovations include active neutralization measures and smart sensing technology.

Get More Insights: New Zealand Ventilation Products Market Revenue Estimation and Growth Forecast Report

The energy-efficient ventilation systems will spur the New Zealand ventilation products market growth. In an attempt to meet the global sustainability standards by curbing the level of pollution, there is a strong inclination toward energy-efficient ventilation systems. This has made people more aware of indoor air quality amid high-volume carbon emissions. These products lower the carbon-dioxide concentration and have an enhanced ability for ventilation. This makes it appropriate for a numerous people, thereby reducing the spread of communicable diseases. Moreover, lowering the waste heat emissions would enhance energy efficiency. 

The residential area accounted for more than 80% of the total revenue share and dominated the 2021 New Zealand ventilation products market. This can be credited to surging healthcare concerns, especially after the outbreak of COVID-19. People have become increasingly aware of deteriorating health conditions like the risk of spreading transmittable diseases. Since the accumulation of germs, viruses, and pollutants can be significantly reduced with the help of ventilation products, there will be skyrocketing requirements for these products in residential sector. 

The commercial sector will generate a large revenue in the New Zealand ventilation products market and is projected to advance at a 4.0% CAGR in the coming years, as per volume. This is because of the developing hospitality sector and increasing the count of commercial buildings and offices. In addition, tourism is booming in this country which further is a reason for improved infrastructure such as hotels, hospitals, and airports, coupled with an influx of high investment in the tourism sector. For instance, the count of travelers was about 5000 in New Zealand in January 2021 and it skyrocketed to approximately 8400 within a year.

Hence, the increasing commercial and residential projects, coupled with growing environmental awareness will increase the demand for ventilation products.

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Why Will Luxury Category Generate a Higher Revenue in Saudi Arabia Fragrance Market?

 In 2021, the global Saudi Arabia fragrance market stood at $2,049.7 million, and it is projected to touch $3,500.9 million by 2030. The market is predicted to advance at a 6.1% CAGR from 2021 to 2030 owing to the increasing prominence of grooming and personal hygiene and the surging count of gym users. The most prominent market in the Middle East for fragrance and cosmetic products in Saudi Arabia. An ample amount of money is spent on personal hygiene and appearance by the Saudi Arabian consumers which assist in market growth.

Saudi Arabia Fragrance Market Analysis and Growth Forecast, 2030

The outbreak of COVID-19 disrupted the beauty and personal care industry, wherein the fragrances sector was adversely affected especially amid the lockdown. It witnessed negative growth and a consequent fall in the product demand on contrary to the 10% annual growth rate. Nonetheless, the Saudi Arabia fragrance market will recover at a swift growth rate in the e-commerce platforms owing to surging awareness of fragrance products amongst the consumers via rapid internet connectivity. Saudi Arabia, being home to the largest number of active social media users, assists the key players in marketing and promotion.

Browse detailed - Saudi Arabia Fragrance Market Revenue Estimation and Growth Forecast Report

Within the category segment, the Saudi Arabia fragrance market can be bifurcated into the mass category and luxury category. The luxury products generated higher revenue in the market in 2021, accounting for about 80% of the total market revenue. Because of the country’s intense banking and financial and oil & gas sectors, coupled with a rising disposable income and subsequently surging consumer purchasing power, Saudi Arabia is heralded as one of the fastest expanding world economies. In addition, there is a growth in the young population which will skyrocket the demand for these products.

There is extensive use of fragrance products among women because they consider this as an essential part of their personality. One of the most appealing and prolific individual care accessories among women is fragrance. This fragrance can either be a strong one, or a mild one depending on the tastes and preferences of a consumer.  There are ample fragrances in the market for various places such as home, work, or a party.

An important constituent of human grooming rituals in this country is perfume: a sign of aromatic scent. There has been a considerable rise in the number of international perfume corporations setting up their functioning production plants here in the Saudi Arabia fragrance market. They are offering their products to the local inhabitants by blending the conventional oriental components in their scents and adding a texture of contemporary fragrances. Perfumes are a representation of the users’ style, persona, and uniqueness. Hence, with a paradigm shift toward Western fragrances, many brands are setting-up shops in this country.

Greater adoption of technological advancements in the Saudi Arabia fragrance market will drive the product demand in personal care and cosmetic products., including body and hair oils, body lotions, shaving creams, shower gels, and shampoos. Furthermore, an inclination of consumer preferences toward wellbeing and health has opened the closed doors for this industry by creating lucrative opportunities for consumers. Moreover, to cater to the requirements of target consumers, the majority of the market players are upgrading their products by infusing organic and pleasant fragrant ingredients. This will augment growth in the market.

Hence, the rising importance of grooming and personal hygiene and greater adoption of technical advances to adapt to the shifting market dynamics will drive the market.

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Cloud Gaming Market To Reach $111,344.1 Million by 2030

In 2021, the cloud gaming market stood at $4,500.7 million, and it is projected to touch $111,344.1 million by 2030. The market will advance at a CAGR of 42.8% from 2021 to 2030 owing to the launch of better cross-platform gameplays and dedicated gaming smartphones. Furthermore, with the convenience and accessibility of cloud-based games and surging internet penetration, there will be a snowballing of the market revenue. Moreover, the reduced latency and higher bandwidths e offered by 5G technology are assisting in streaming XR games smoothly.

The deployment of the 5G technology will pave the way for cloud gaming market growth. This can be attributed to swift 5G connections and mobile ubiquity that are leveraged by cloud gaming firms to offer AAA-quality gaming to smartphone users. The increasing number of intricate MNOs will drive global market growth, as will the rising acceptance of social media games. Moreover, a prolific feature of cloud games is that users can access them through a remote server directly, without any storage requirement or purchase of the latest gaming console.

Cloud Gaming Market Report 2022-2030 | P&S Intelligence 

Under segment by device, the highest revenue, of around $1,645.6 million, was generated by the smartphones category in 2021. Moreover, this category will advance at a 43% CAGR in the coming years. This can be credited to the consistent growth in smartphone gaming pursuits in the past five years. This has been due to the cost-effectiveness of smartphones in comparison to upgrade computer and laptop hardware and software to maintain game performance.

In 2021, the cloud gaming market was dominated by APAC, which accounted for almost 50% of the total market share. The skyrocketing demand for entertainment, coupled with the surging smartphone penetration, will augment the growth of the market over this decade. This goes hand in hand with the increasing young population, rate of urbanization, and disposable income and, consequently, the escalating purchasing parity of consumers, which enables them to afford the latest gaming genres. As a result, India, China, and Japan are three of the greatest revenue generators in this market.

The outbreak of COVID-19 expanded the market size further, by offering a good leisure activity to people. This is quite evident from the rising number of downloads and greater amount of time spent on these activities post the virus outbreak.

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Italy Electric Scooter and Motorcycle Market To Hit $707.1 million by 2035

In 2021, the Italy electric scooter and motorcycle market had revenues of $26.7 million, which will hit $707.1 million value by 2035, with an almost 30.5% CAGR from 2021 to 2025 and a further 24.4% from 2026 to 2035. Electric scooters and motorcycles with top speeds of more than 80 km/h are anticipated to have the market's fastest growth, with a CAGR of over 35% from 2026 to 2035.

A huge population of racing aficionados is another factor driving the need for sports motorcycles in the Italy electric scooter and bike market. Additionally, it is anticipated that these two-wheelers' improved long-term worth and performance would increase their total sales in the upcoming years.

Italy Electric Scooter and Motorcycle Market Report 2022-30

One of the key reasons influencing the Italy electric bike and scooter market is the significant increase in the price of gasoline products. Traditional two-wheelers are more inefficient and more expensive to run than electric ones. Electronic systems surpass mechanical ones in terms of effectiveness and longevity because there is less wear and friction.

Italy decreased its pollution by 19.4% between 1990 and 2019. Its aims and attempts to reduce emissions are intrinsically connected to the recommendations and policies of the EU. The EU recently created a new agreement on the European Climate Law to exceed the prior goal of a 40 percent reduction set forth under the auspices of the Paris Agreement by lowering pollution by at least 55% by 2030 as compared to 1990 levels.

As a result, Italy has set a new emission reduction goal of 33% below 2005 levels for 2030 under the ESR. These actions will undoubtedly contribute to increasing the Italy electric scooter and motorcycle industry potential for growth in Italy.

Hence, the demand for electric scooters and motorcycles in Italy will grow more due to the rising concerns over greenhouse gas emissions and the existence of a large count of racing enthusiasts.

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Why Rising Demand for Natural-Ingredient-Based Products Will Drive U.A.E. Fragrance Market?

 In 2021, the U.A.E. fragrance market stood at $913.7 million, and it is forecast to touch $1,622.5 million in 2030. The market is expected to advance at a CAGR of 6.6% from 2021 to 2030, owing to the skyrocketing investments in marketing and advertising initiatives, surging demand for custom-made, natural, and eco-friendly cosmetic products, as well as the increasing disposable income of the consumers, which consequently augment the purchasing power of consumers. 

U.A.E. Fragrance Market Analysis and Growth Forecast, 2030

Luxury products dominated the U.A.E. fragrance market in 2021, with a revenue share of around 70%. This is because of the economically strong market of the U.A.E., wherein prominent multinational brands have launched their premium products here much earlier than in other regional countries. Approximately 60% of the population is in the 14–40 age bracket, and these people tend to have a higher purchasing power due to the higher employment rate than other age groups. 

Browse detailed report - U.A.E. Fragrance Market Analysis and Demand Forecast Report

The gradually skyrocketing consumer demand for personal care products will drive the U.A.E. fragrance market in the coming years. The essential daily products for the general public include fragrances as well. Moreover, the count of social media users has gone up significantly due to the rising internet penetration. Most of the key market players are marketing and advertising their products on social media, such as Johnson & Johnson, Unilever Group, and Victoria’s Secret & Co., after taking account of the consumer preferences and engagement.

An important constituent of grooming rituals in this country is perfume: a sign of cleanliness. There has been a considerable rise in the number of international perfume corporations setting up their production plants here. They are progressively offering their products to the local inhabitants by blending conventional Oriental components with contemporary fragrances from the West. Perfumes are a representation of the users’ style, persona, and uniqueness. Hence, with a paradigm shift toward Western fragrances, many European and North American brands are setting-up shops in this country.

The U.A.E. fragrance market is also growing on account of the increasing demand for organic or natural-ingredient-based products. Geranium bourbon, sandalwood, and patchouli are some commonly used organic ingredients in the synthesis of perfumes. However, synthetic components hold a 60–65% share in the market. On the contrary, organic products have 30–35% of the total market. The increasing consumer awareness, coupled with a rising focus on hygiene, changing lifestyles, and personal health, will drive the demand for zero-chemical products.

The growth in the U.A.E. fragrance market is complemented by a rise in the use of cosmetics among men in their daily regimen. The demand for such products is rising as men are becoming more concerned about themselves. Furthermore, after working out, they use these products to weaken their body odor. As urbanization and fascination with the Western culture are on the surge, this category will grow with men’s rising preferences for different scented perfumes.

Hence, owing to the rising disposable income of people and the surging demand for natural cosmetic products in the country, the market will expand fast.

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