The Indian Green Hydrogen market is in a very nascent stage, with a market size of around $1 billion in 2022. The market is expected to grow at a CAGR of more than 35% by 2030 and reach $12 billion.
India’s recycling and waste management industry will grow at a CAGR of almost 12% from 2022 to 2027, with a more than $2.26 billion market.
The global smart mobility industry is set to increase from $43.6B to $102.5B by 2026, with a CAGR of 18.5% between 2021 and 2026, according to Velox Consultants.
The future is brimming with innovative ideas waiting to be realized across various industries such as BFSI, Retail and CPG, Health Tech, Cleantech, and Automotive. These sectors are set to define the latest trends for the new year.
Velox Consultants predicts that the EV battery recycling industry will witness substantial expansion. The sector is expected to grow from $0.81 billion in 2021 to more than $10 billion by 2030, representing a compound annual growth rate of around 29% over the next ten years.
It is a fact that infrastructure and activities such as power plants, homes, and transport contribute to roughly 70% of worldwide greenhouse gas emissions.
The roadmap to restrict global warming to 1.5 degrees Celsius above pre-industrial levels is essential for achieving net-zero global emissions by 2030.
To reach near-zero carbon emissions by 2030, we need a balanced energy mix with natural gas and renewables, diverse technologies, and trillions of dollars in investments. This will lead to a sustainable future.
Electricity is expected to become the main energy source for transportation in the next 30 years. The global electric vehicle charging stations market is predicted to exceed $100 billion by 2026, with a growth rate of over 25% annually from 2021 to 2026.
Renewable energy will make up 52% of electricity by 2050. India aims for 175 GW of renewable energy by 2022, with hydropower being the largest source. Battery storage will be more affordable, with Li-ion batteries costing 54-61% less by 2030.