Category: Press Release

Evolve Business Intelligence has published a research report on the Global Swine Feed Market, 2024–2034. The global Swine Feed Market is projected to exhibit a CAGR of around 3.52% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global Swine Feed Market: Purina Mills LLC, Archer Daniel Midland Company, Cargill Inc., SRC FEEDS, Lallemand Inc., Kent Corporation, Charoen Pokphand Foods, Keystone Mills, Kreamer Feed Inc. and Alltech.

Market Highlights

The Global Swine Feed Market is projected to be valued at USD 185.45 Billion by 2034, recording a CAGR of around 3.52% during the forecast period. The Swine Feed Market focuses on providing specialized nutrition for pigs at different stages of growth, including starters, growers, and finishers. This market is crucial for the livestock industry, ensuring optimal health, weight gain, and meat quality in swine.

The swine feed market is a vital part of the global food supply chain, experiencing steady growth driven by increasing pork consumption and a focus on quality and efficient production. The market is evolving with trends towards specialized nutrition, sustainability, and technological advancements.

Segmental Analysis

The global Swine Feed Market has been segmented based on Type, Trading Type and End User.

Based on Product Type, the Swine Feed Market is segmented into Grower, Starter, Sow, and Others. The Grower is anticipated to dominate the market.

Based on Trading Type, the global Swine Feed Market has been segmented into Vitamins, Antioxidants, Feed Acidifiers, Feed enzymes, Amino acids, and Others. The Amino acids segment is anticipated to dominate the market.

Based on Feed Additive Type, the global Swine Feed Market has been divided Zootechnical Feed Additives, Sensory Feed Additives, Nutritional Feed Additives. The Nutritional Feed Additives segment is anticipated to dominate the market.

Regional Analysis

The Swine Feed Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. In North America region, the U.S., Canada, and Mexico are key players, with the U.S. being the leading producer of pork and swine feed and it has strong emphasis on quality control, disease prevention, and sustainable feed practices. Europe has a substantial swine feed market, with countries like Spain, Germany, and France being major pork producers and consumers. Growing focus on sustainable and environmentally friendly feed production practices and has strong trend towards reducing and eliminating the use of antibiotics in animal feed. In Asia-Pacific region, Countries like China are the world’s largest pork producers, leading to substantial demand for swine feed. Modernization of swine farming practices towards intensive commercial operations also contributes. A shift towards modern, intensive commercial swine farming is increasing the demand for high-performance feeds. Latin America, with Brazil as a major player, is an important and growing market for swine feed. Growing swine production, particularly in Brazil, caters to both domestic and international demand and increasing per capita meat consumption in the region. Middle East and Africa region represents a smaller portion of the global swine feed market due to religious and cultural factors limiting pork consumption in many areas. However, there are specific markets with pork production and consumption.

Evolve Business Intelligence has published a research report on the Global Fat Replacers Market, 2024–2034. The global Fat Replacers Market is projected to exhibit a CAGR of around 6.52% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global Fat Replacers Market: Cargill Incorporated, Kerry Group PLC., DKS Co Ltd., Agritech Worldwide Inc., FMC Corporation, Archer Daniels Midland Company, Ashland Global Holdings Inc., Royal Avebe UA, Arla Foods Ingredients Group and Ajinomoto Group.

Market Highlights

The Global Fat Replacers Market is projected to be valued at USD 9.36 Billion by 2034, recording a CAGR of around 6.52% during the forecast period. The fat replacers market is experiencing significant growth, driven by increasing consumer health consciousness, rising obesity rates, and the demand for low-calorie and low-fat food products. Fat replacers are ingredients used in food manufacturing to mimic the properties of traditional fats, such as texture, mouthfeel, and flavor, while reducing the overall fat and calorie content.

Increasing awareness of health issues related to high-fat diets, such as obesity, cardiovascular diseases, and high cholesterol, is driving consumers to opt for low-fat and low-calorie food options and the rising preference for weight management and healthier lifestyles is boosting the demand for food products containing fat replacers.

Segmental Analysis

The global Fat Replacers Market has been segmented based on Type, Source, Form and Application.

Based on Type, the Fat Replacers Market is segmented into Carbohydrate, Protein, Lipids, Others. The Carbohydrate segment is anticipated to dominate the market.

Based on Source, the global Fat Replacers Market has been divided Plant and Animal. The Plant segment is anticipated to dominate the market.

Based on Form, the global Fat Replacers Market has been divided into Liquid and Powder. The Powder segment is anticipated to dominate the market.

Based on Application, the global Fat Replacers Market has been divided into Bakery, Beverages, Processed Meat, Others. The Bakery segment is anticipated to dominate the market.

Regional Analysis

The Fat Replacers Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America is largest market due to strong consumer demand for low-fat and functional foods. Presence of major food manufacturers and ingredient suppliers investing in fat substitute innovations and has stringent FDA regulations encouraging reformulation of processed foods with healthier alternatives. Europe region, is second-largest market, driven by strict EU food labeling laws and consumer preference for natural ingredients. Demand for low-calorie dairy products, baked goods, and meat substitutes is increasing and has strong market for protein-based and carbohydrate-based fat replacers. In Asia-Pacific region, China led the market in 2024 due to the increasing preference for healthy food options. India and other Southeast Asian countries are also witnessing significant growth. Rapid urbanization, changing consumer lifestyles, rising disposable incomes, and a growing inclination towards quality-oriented and healthy food options are driving significant growth. Increasing demand for fat-free dairy items and convenient foods. Growing awareness of clean-label products and healthy ingredients. Latin America region, Brazil, Mexico, and Argentina leading in fat replacer adoption. Emerging market with increasing demand for low-calorie foods and healthier snacks. Governments introducing nutritional labeling laws to curb obesity rates. Middle East and Africa region is slow but steady growth, driven by urbanization and rising disposable income. Government initiatives promoting healthier eating habits and increasing adoption of low-fat dairy and processed foods.

Evolve Business Intelligence has published a research report on the Global E-Axle Market, 2023–2033. The global E-Axle Market is projected to exhibit a CAGR of around 6.85%during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global E-Axle Market: ZF Friedrichshafen AG, Dana Incorporated, Continental AG, BorgWarner Inc., GKN Automotive Limited, Schaeffler AG, Siemens AG, AAM (American Axle & Manufacturing), Magna International Inc. and Bosch Limited.

Market Highlights

The E-Axle Market is projected to be valued at USD 15.01 Billion by 2033, recording a CAGR of around 6.85% during the forecast period. The E-Axle Market is experiencing rapid growth due to the increasing adoption of electric vehicles (EVs) and the demand for integrated and efficient powertrain solutions. An E-Axle is a fully integrated system that combines electric motors, power electronics, and transmission into a single unit, optimizing vehicle efficiency and reducing overall weight.

The e-axle market is a dynamic and rapidly expanding sector within the automotive industry, driven by the global transition to electric mobility. Continuous technological advancements, supportive government policies, and decreasing costs are expected to fuel significant growth in the coming decade.

Segmental Analysis

The E-Axle Market has been segmented based on Application and Electric Vehicle Type.

Based on Application, the E-Axle Market is segmented into By Front and Rear. The Rear segment is anticipated to dominate the market.

Based on Electric Vehicle Type, the E-Axle Market is segmented into Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV). The Battery Electric Vehicle (BEV) segment is anticipated to dominate the market.

Regional Analysis

The E-Axle Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. In North America region, the U.S. and Canada are witnessing strong EV adoption, driven by stringent emission regulations and government incentives. Growth in the electric commercial vehicle (eTruck, eBus) segment is fueling demand for high-performance E-Axles. Shifting consumer preference from high horsepower vehicles and large SUVs to compact electric cars in the U.S and presence of major automotive manufacturers and suppliers with a focus on EV technology. Europe is a global leader in EV adoption, driven by strict CO₂ regulations and government subsidies. Implementation of policies and incentives by many European governments to boost EV adoption, including grants and tax credits and Increasing investments in EV charging infrastructure. In Asia-Pacific Region, China dominates the global E-Axle market, driven by government policies supporting EV production. India, Japan, and South Korea are emerging markets for E-Axle adoption due to automotive electrification initiatives. In Latin America region, Brazil and Mexico are leading E-Axle markets in LATAM, mainly for electric buses & fleet vehicles and government efforts to reduce fuel dependency and promote EV infrastructure are driving market growth. In Middle East and Africa region, UAE and Saudi Arabia are investing in EV adoption, but overall regional penetration remains low and South Africa is emerging as a potential market for electric commercial vehicles.

Evolve Business Intelligence has published a research report on the Global Aspirin Drugs Market, 2024–2034. The global Aspirin Drugs Market is projected to exhibit a CAGR of around 21.01% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global Aspirin Drugs Market: Bal Pharma Limited, Umang Pharmatech Pvt. Ltd., Mayne Pharma Group Limited, Par Pharmaceutical, Cardinal Health, Globela Pharma Pvt. Ltd, Allegiant Health, LNK International Inc., Perrigo Company plc and Anastacio Chemistry.

Market Highlights

The Global Aspirin Drugs Market is projected to be valued at USD 6.77 Billion by 2034, recording a CAGR of around 21.01% during the forecast period. The global Aspirin Drugs Market is currently experiencing steady growth, driven by a confluence of factors including the rising prevalence of cardiovascular diseases, the expanding applications of aspirin in pain management and fever reduction, and increasing government and healthcare initiatives promoting preventive medicine.

The aspirin drugs market is expected to continue its growth trajectory, driven by its established therapeutic uses and expanding applications, particularly in regions with increasing healthcare access and awareness.

Segmental Analysis

The global Aspirin Drugs Market has been segmented based on Dosage Form Product and Application.

Based on Dosage Form, the Aspirin Drugs Market is segmented into Injections, Capsules, and Tablets. The Tablets is anticipated to dominate the market.

Based on Product, the global Aspirin Drugs Market has been Prescription and Over-the-Counter (OTC). The Over-the-Counter (OTC) segment is anticipated to dominate the market.

Based on Application the global Aspirin Drugs Market has been divided Cardiovascular Diseases, Inflammation, and Others. The Inflammation segment is anticipated to dominate the market.

Regional Analysis

The Aspirin Drugs Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. In North America region, Aspirin is widely used for its antiplatelet properties to prevent heart attacks and strokes. The region’s aging population contributes to increased aspirin consumption for conditions like arthritis. It has Strong healthcare infrastructure and significant healthcare expenditure and increasing geriatric population and a high adoption rate of OTC drugs. It has high prevalence of cardiovascular diseases. The European aspirin market has seen price volatility influenced by logistical issues and economic conditions. Increasing health awareness and a growing trend of self-medication and robust pharmaceutical industry with a focus on research and development. Asia-Pacific is projected to be the fastest-growing region in the aspirin drugs market. Rising prevalence of cardiovascular diseases and increasing healthcare awareness and growing geriatric population and rapid urbanization and Improving healthcare infrastructure and expanding pharmaceutical manufacturing capabilities, particularly in China and India, which are major producers of Active Pharmaceutical Ingredients (APIs). In Latin America region, Investments in healthcare facilities and services are improving access to medications like aspirin and Growing awareness of cardiovascular health and preventive care supports market expansion.

Evolve Business Intelligence has published a research report on the Global Whey Protein Market, 2023–2033. The global Whey Protein Market is projected to exhibit a CAGR of around 2.58%during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global Whey Protein Market:         Arla Foods, Agropur Inc., Hilmar Cheese Company Inc., Glanbia Plc, Kerry Group Plc, Milk Specialties Global, Leprino Foods Company, Carbery, Grande Cheese Company and Lactalis Group.

Market Highlights

The Whey Protein Market is projected to be valued at USD 10.66 Billion by 2033, recording a CAGR of around 2.58% during the forecast period. The whey protein market is experiencing significant growth, driven by increasing consumer demand for high-protein diets, expanding fitness and wellness trends, and growing applications in the food, beverage, and pharmaceutical industries. Athletes and bodybuilders are primary consumers of whey protein. Elderly consumers benefit from whey protein’s role in muscle maintenance and bone health.

The whey protein market is expected to expand further due to increasing product innovations, clean-label trends, and rising applications in personalized nutrition.

Segmental Analysis

The Whey Protein Market has been segmented based on Type and Application.

Based on Type, the Whey Protein Market is segmented into Isolates, Concentrates, Demineralized, Hydrolysate. The Concentrates segment is anticipated to dominate the market.

Based on Application, the Whey Protein Market is segmented into Nutritional, Personal Care, Food, Feed, Infant Formula, Sports and Performance Nutrition, Functional/Fortified Food. The Sports and Performance Nutrition segment is anticipated to dominate the market.

Regional Analysis

The Whey Protein Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. North America holds a significant portion of the global whey protein market. The United States is a major contributor, driven by a strong fitness culture and high demand for protein-rich diets. It has high consumption of dietary supplements, functional foods, and sports nutrition products. Europe is experiencing substantial growth, fueled by increasing consumer interest in fitness and health-conscious eating. Countries like Germany, the United Kingdom, and France are witnessing a surge in demand for protein supplements. Asia-Pacific is the fastest-growing market, led by China, India, Japan, and Australia. Increasing health consciousness and growing middle-class population drive demand. Rapid urbanization and rising disposable incomes and have high growth in infant nutrition, especially in China & India. In Latin America region, Rising awareness about protein-rich diets and muscle-building supplements, growing sports and fitness culture, particularly in Brazil and expanding e-commerce platforms driving accessibility. In Middle East and Africa region, Early-stage market, with demand driven by UAE, Saudi Arabia, and South Africa. Increasing health consciousness and demand for sports nutrition and growing focus on protein-based weight management solutions.

Evolve Business Intelligence has published a research report on the Global HVAC Pump Market, 2024–2034. The global HVAC Pump Market is projected to exhibit a CAGR of around 31.02% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global HVAC Pump Market: Grundfos, Wilo SE, KSB Limited, Kirloskar Brothers Limited, Pentair, Xylem Inc., Sulzer, CNP India Private Limited, Gorman Rupp Industries and Flowserve.

Market Highlights

The Global HVAC Pump Market is projected to be valued at USD 45.88 Billion by 2034, recording a CAGR of around 31.02% during the forecast period. ​ The HVAC (Heating, Ventilation, and Air Conditioning) Pump Market is a crucial segment of the HVAC industry, providing essential pumping solutions for heating and cooling applications across residential, commercial, and industrial sectors. These pumps help circulate water, refrigerants, and other fluids through HVAC systems to maintain optimal indoor temperature and air quality.

The HVAC pump market is experiencing robust growth driven by the increasing demand for energy-efficient solutions, urbanization, industrialization, and technological advancements. The trend towards smart and variable-speed pumps, along with a growing emphasis on sustainability.

Segmental Analysis

The global HVAC Pump Market has been segmented based on Pump Type, Application, Energy Source and Control Type.

Based on Pump Type, the HVAC Pump Market is segmented into Centrifugal Pumps, Positive Displacement Pumps, Submersible Pumps, Reciprocating Pumps. The Reciprocating Pumps segment is anticipated to dominate the market.

Based on Application, the global HVAC Pump Market has been divided Residential, Commercial, Industrial, Agricultural. The Residential segment is anticipated to dominate the market.

Based on Energy Source, the global HVAC Pump Market has been divided into Electric Powered, Gas Powered, Solar Powered. The Electric Powered segment is anticipated to dominate the market.

Based on Control Type, the global HVAC Pump Market has been divided into Manual Control, Automatic Control, Smart Control. The Smart Control segment is anticipated to dominate the market.

Regional Analysis

The HVAC Pump Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. In North America, The United States and Canada lead the market due to high demand for energy-efficient HVAC systems in residential, commercial, and industrial buildings. Growth in data centers and smart buildings further supports the demand for high-performance HVAC pumps. Rising adoption of IoT-enabled and smart HVAC solutions and expansion of green buildings and LEED-certified projects. The European Union (EU) emphasizes carbon neutrality and sustainability, driving demand for eco-friendly HVAC pumps. Countries like Germany, France, the UK, and the Nordic nations are investing heavily in district heating and cooling systems, increasing demand for high-efficiency pumps. Asia-Pacific region is fastest-growing region, driven by rapid urbanization, industrialization, and construction in China, India, Japan, and Southeast Asia. Massive demand for residential and commercial HVAC systems due to extreme climate conditions and rising disposable income and smart cities and infrastructure projects in India and China are boosting the adoption of energy-efficient HVAC pumps. Extreme temperatures in the Middle East drive high demand for HVAC cooling solutions, especially in countries like Saudi Arabia, UAE, and Qatar and Large-scale commercial and hospitality projects, including airports, shopping malls, and hotels, increase the need for high-performance HVAC pumps. In Latin America region, the market is growing in Brazil, Mexico, Argentina, and Chile, driven by industrial expansion and commercial construction. Government initiatives to promote energy efficiency are increasing HVAC pump adoption in commercial and residential sectors and the growing middle-class population and urbanization contribute to higher HVAC system installations.

Evolve Business Intelligence has published a research report on the Global Energy Trading Platform Market, 2024–2034. The global Energy Trading Platform Market is projected to exhibit a CAGR of around 14.28% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global Energy Trading Platform Market: ABB Ltd., BP Plc, Chevron Corporation, Citigroup Inc., Glencore International AG, Royal Dutch Shell Plc, Siemens AG, TotalEnergies SE, Trafigura Group Pte Ltd and Vitol Group.

Market Highlights

The Global Energy Trading Platform Market is projected to be valued at USD 10.98 Billion by 2034, recording a CAGR of around 14.28% during the forecast period. The Energy Trading Platform Market is experiencing significant growth and transformation, driven by technological advancements, the increasing integration of renewable energy sources, and evolving energy market dynamics. These platforms facilitate the trading of energy commodities such as electricity, oil, gas, and renewable energy certificates, enabling stakeholders to optimize their trading strategies, enhance market liquidity, and streamline the execution of energy contracts.

The energy trading platform market is a dynamic and rapidly evolving sector. It is crucial for modern energy markets, enabling efficient trading, better integration of renewables, and enhanced grid stability.

Segmental Analysis

The global Energy Trading Platform Market has been segmented based on Type, Trading Type and End User.

Based on Type, the Energy Trading Platform Market is segmented into Power, Natural Gas, Oil, Others. The Oil is anticipated to dominate the market.

Based on Trading Type, the global Energy Trading Platform Market has been Intraday, Day-Ahead, Long-Term. The Long-Term segment is anticipated to dominate the market.

Based on End User, the global Energy Trading Platform Market has been divided Utilities, Industrial, Retail, Others. The Utilities segment is anticipated to dominate the market.

Regional Analysis

The Energy Trading Platform Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America currently holds the largest share of the global energy trading platform market. This dominance is primarily attributed to the region’s mature and well-established energy markets, high adoption rates of advanced technologies, and stringent environmental regulations. Europe is another leading region in the energy trading platform market, characterized by stringent regulatory frameworks and a strong push towards renewable energy integration. The Asia Pacific region is expected to witness the highest growth rate in the energy trading platform market during the forecast period. Rapid Industrialization and Urbanization: Growing energy demand from rapidly industrializing and urbanizing economies like China and India is a major driver. The deployment of smart grids to improve grid efficiency and integrate renewable energy sources drives the need for advanced trading platforms. Latin America region, growing populations and industrialization are increasing the demand for energy, necessitating efficient trading mechanisms. The region has significant potential for renewable energy generation, particularly solar, wind, and hydropower, which requires trading platforms for effective integration and management. The energy trading platform market in the Middle East & Africa is still in a relatively early stage of development but holds significant potential. Many countries in the region are increasingly focusing on diversifying their energy mix and investing in renewable energy projects, which will eventually drive the need for platforms to trade these sources.

Evolve Business Intelligence has published a research report on the Global Critical Mineral Market, 2023–2033. The global Critical Mineral Market is projected to exhibit a CAGR of around 5.78%during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global Critical Mineral Market: Rio Tinto, Vale, Glencore, Freeport-McMoRan, Anglo American plc, Albemarle Corporation, Lynas Rare Earths Ltd, Barrick Gold Corporation, BHP and SQM S.A.

Market Highlights

The Critical Mineral Market is projected to be valued at USD 498.22 Billion by 2033, recording a CAGR of around 5.78% during the forecast period. The critical mineral market is experiencing significant growth and transformation, primarily driven by the increasing global demand for clean energy technologies and high-tech electronics. These minerals are essential for producing electric vehicles (EVs), batteries, solar panels, wind turbines, and various other applications crucial for a sustainable future.

The critical mineral market is a dynamic and crucial sector for the global energy transition and technological advancement. While experiencing rapid growth, it faces challenges related to supply chain security, price volatility, and sustainability, necessitating strategic actions by governments and industries worldwide.

Segmental Analysis

The Critical Mineral Market has been segmented based on Mineral Type and Application.

Based on Mineral Type, the Critical Mineral Market is segmented into Copper, Lithium, Nickel, Cobalt, Rare Earth Elements. The Copper segment is anticipated to dominate the market.

Based on Application, the Critical Mineral Market is segmented into Agriculture, Electric Vehicles, High-Tech Electronics, Telecommunications, Energy, Others. The Electric Vehicles segment is anticipated to dominate the market.

Regional Analysis

The Critical Mineral Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. In North America region, Canada is positioned as a leader in critical mineral production with strategies focusing on sustainable development, value chain strengthening, and international alliances. The US and Canada possess mineral resources and processing expertise, though both are heavily dependent on processed minerals from China. In Asia-Pacific region, China maintains a dominant position in rare earth refining, processing a significant portion of these minerals essential for high-tech applications and India has state-owned enterprises are negotiating to acquire stakes in international lithium projects, such as those in Australia, to secure resources vital for electric vehicle (EV) batteries. In Latin America region, Countries like Chile, Peru, and Mexico leading due to their extensive reserves and mining operations. Copper is vital for technologies such as electric vehicles (EVs), charging infrastructure, and solar photovoltaics. In Middle east And Africa region, the UAE is actively investing in mining operations across Africa and Latin America, extracting minerals such as copper in Peru and lithium in Zimbabwe. These efforts are part of a broader strategy to secure resources essential for the global energy transition.

Evolve Business Intelligence has published a research report on the Global Progressive Web Apps Market, 2024–2034. The global Progressive Web Apps Market is projected to exhibit a CAGR of around 8.65% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global Progressive Web Apps Market: Google, Microsoft, OutSystems, IBM Corporation, Cloud Four Inc., DockYard Inc., Enonic AS, GoodBarber, Meta and Svelte.

Market Highlights

The Global Progressive Web Apps Market is projected to be valued at USD 25.56 Billion by 2034, recording a CAGR of around 8.65% during the forecast period. The Progressive Web Apps (PWA) market is experiencing substantial growth and is projected to continue on this trajectory in the coming years. PWAs are web applications that offer an app-like experience to users, combining the best of web and native applications. They are designed to be reliable, fast, and engaging, working on any device with a modern browser without requiring users to download them from an app store.

The Progressive Web Apps market is poised for strong growth, driven by the increasing demand for seamless and engaging mobile web experiences. The technology offers numerous benefits for both businesses and users, leading to its wider adoption across various industries and regions.

Segmental Analysis

The global Progressive Web Apps Market has been segmented based on Component, Organization Size and Application.

Based on Component, the Progressive Web Apps Market is segmented into Platform and Services. The Platform is anticipated to dominate the market.

Based on Organization Size, the global Progressive Web Apps Market has been Small & Medium Enterprises and Large Enterprises. The Large Enterprises segment is anticipated to dominate the market.

Based on Application, the global Progressive Web Apps Market has been divided E-commerce and Retail, Media and Entertainment, Travel and Tourism, Healthcare, Education, Banking and Financial Services, Others. The E-commerce and Retail segment is anticipated to dominate the market.

Regional Analysis

The Progressive Web Apps Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America region has high concentration of technology firms and early adoption of digital innovations, particularly in e-commerce, media, and finance. Advanced IT infrastructure and a strong emphasis on user experience (UX) optimization and Increasing focus of large enterprises on mobile-first strategies and digital transformation. Europe Region increasing adoption of mobile-first strategies by businesses in retail, travel, and media sectors. Rising demand for efficient applications with offline functionality to provide seamless and reliable mobile experiences and increasing focus on enhancing customer satisfaction and engagement through improved user experiences. Asia-Pacific region, is rapidly increasing internet and smartphone penetration, especially in developing economies like India and China. Cost-effectiveness and offline capabilities of PWAs, making them suitable for regions with inconsistent internet access and has strong presence of e-commerce and social media platforms driving PWA adoption for enhanced user engagement. Latin America region, increasing smartphone penetration and growing internet access. PWAs’ ability to function well even with limited internet connectivity, which is relevant in some parts of the region and rising adoption of mobile commerce. The entire Middle East and Africa region are less readily available in the provided sources, the region is showing increasing interest in digital solutions and mobile-first approaches. Rising smartphone adoption, increasing internet penetration, and a growing focus on digital transformation by businesses and governments

Evolve Business Intelligence has published a research report on the Global EV On-Board Battery Chargers Market, 2024–2034. The global EV On-Board Battery Chargers Market is projected to exhibit a CAGR of around 18.21% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global EV On-Board Battery Chargers Market: Tesla, Delta electronics, ABB, Valeo, WallBox, Charge Point, Fortum, Tata Power, Ather Energy and BP Pulse.

Market Highlights

The Global EV On-Board Battery Chargers Market is projected to be valued at USD 25.88 Billion by 2034, recording a CAGR of around 18.21% during the forecast period. ​ The EV On-Board Battery Chargers Market is a key segment in the electric vehicle (EV) ecosystem, focusing on the development and production of chargers that are integrated into EVs to convert AC power from external sources into DC power for battery charging. These chargers play a critical role in ensuring efficient energy conversion and battery longevity.

The global EV on-board battery charger market is poised for substantial growth in the coming years. The increasing sales of electric vehicles, coupled with technological advancements in charging solutions and supportive government initiatives, will continue to drive market expansion.

Segmental Analysis

The global EV On-Board Battery Chargers Market has been segmented based on Power Output, Propulsion Type, Vehicle Type and End User.

Based on Power Output, the EV On-Board Battery Chargers Market is segmented into Low-Power Chargers, Medium-Power Chargers, High-Power Chargers. The Low-Power Chargers segment is anticipated to dominate the market.

Based on Propulsion Type, the global EV On-Board Battery Chargers Market has been divided Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs). The Battery Electric Vehicles segment is anticipated to dominate the market.

Based on vehicle Type, the global EV On-Board Battery Chargers Market has been divided into Passenger Cars, Commercial Vehicles. The Passenger Cars segment is anticipated to dominate the market.

Based on End User, the global EV On-Board Battery Chargers Market has been divided into OEMs (Original Equipment Manufacturers) and Aftermarket. The OEMs segment is anticipated to dominate the market.

Regional Analysis

The EV On-Board Battery Chargers Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. EV sales are steadily increasing in North America, driven by growing environmental awareness and the availability of new EV models. Increasing deployment of home and workplace charging stations and growth in fast-charging on-board chargers (11 kW and above) for longer-range EVs. In Europe, The European Union has implemented stringent CO2 emission targets for vehicles, compelling automakers to shift towards EVs. Regulation (EU) 2019/631 introduces more stringent EU-wide CO2 fleet targets, including a 15% reduction by 2025 for both cars and vans. Asia Pacific dominated the global EV on-board charger market. China is the world’s leading EV hub and holds the maximum market share in this region and countries like China, Japan, South Korea, and India are witnessing rapid growth in EV adoption, fueled by government incentives, urbanization, and increasing environmental awareness. Latin America region, has emerging EV market with growing adoption in Brazil, Mexico, and Chile. Government policies promoting EV infrastructure but at a slower pace and Increasing focus on local manufacturing of EV components to reduce costs. Middle east and Africa region is slow but increasing EV adoption in the UAE, South Africa, and Saudi Arabia and Governments investing in sustainable mobility projects and growing interest in solar-powered EV charging solutions.