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.
The healthcare industry has undergone significant changes due to demographic shifts and a focus on preventative care. The Nordic region is at the forefront of this evolution, with its countries striving to provide outstanding healthcare to their citizens and establish themselves as pioneers in adopting healthcare technologies.
Velox Consultants predicts that the Robo-Advisors Market will have a Compound Annual Growth Rate (CAGR) of around 25.4% by 2025. These Robo-Advisors provide automated financial planning services that rely on algorithms and require little human oversight.
There is huge potential for FinTech investments and growth in Africa. This is due to various economic and demographic factors, such as the lack of developed financial infrastructure, an unbanked population of over 65%, and a higher global population growth rate.
India's cloud kitchen industry is set to surpass US$1 billion by the end of 2022. Indians order food significantly less frequently than other countries, with an average of 5-7 times per month compared to China (23), the US (30+), and Singapore (45-50).
A neobank is a type of bank that operates entirely digitally, without physical locations. It is primarily managed through mobile and web applications, offering a more personalized and user-friendly banking experience than traditional banks. However, the range of services offered by neobanks could be improved in comparison.
COVID-19 has slowed down B2B and D2C industries worldwide, creating a new normal. Wearables, food tech, AgriTech, smart utilities, automotive technology, and infrastructure are filling the market gap.