Latest news with #Sustainability
National Post
9 hours ago
- Business
- National Post
Primaris REIT Publishes Inaugural Green Finance Framework
Article content TORONTO — Primaris Real Estate Investment Trust ('Primaris') (TSX: announced today that it has published its inaugural Green Finance Framework (the 'Framework'), under which it may issue green bonds, green loans or other related financial instruments. The framework outlines eight eligible categories for investment: green buildings, energy efficiency, renewable energy, sustainable water and wastewater management, clean transportation, climate change adaptation, pollution prevention and control, and the circular economy. Article content 'As a Board member and Chair of the Compensation, Governance, and Nominating Committee, I'm pleased to support the introduction of our Green Finance Framework,' said Anne Fitzgerald, Trustee. 'It's a practical step that aligns with our broader sustainability strategy and helps ensure we're investing in projects that support environmental progress in a thoughtful, responsible way.' Article content Rags Davloor, Chief Financial Officer added, 'Today marks a significant step forward in our commitment to sustainability. With the publication of our Green Finance Framework, we are aligning our environmental goals and targets with business strategy. Proceeds from green financing will support our focus on emissions reduction, building certifications, energy and water management, and tenant sustainability impacts, while creating long-term value for our stakeholders.' Article content The Framework has been reviewed by Moody's Ratings, which issued a Second Party Opinion confirming the Framework's alignment to the International Capital Market Association Green Bond Principles (2021) and the Loan Market Association Green Loan Principles (2025). Article content Primaris will report annually on the allocation and impact of financed projects under the Framework on its website, and/or in its corporate reporting. The Framework and Second Party Opinion are available on the ESG section of the Primaris website. Article content Scotiabank acted as sole sustainability structuring agent on the Framework. Article content About Primaris Real Estate Investment Trust Article content Primaris is Canada's only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.0 million square feet, valued at approximately $4.9 billion at Primaris' share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. Article content Forward-Looking Statements Article content Certain statements included in this news release constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable securities laws. The words 'will', 'expects', 'plans', 'estimates', 'intends' and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements made or implied in this news release include but are not limited to statements regarding: Primaris' intention and ability to complete an offering of green bonds, green loans or other related financial instruments, Primaris' expected investment in the eligible categories outlined herein and the expected sufficiency of proceeds from any such offering to fund these investments and to create long-term value for stakeholders. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements are not guarantees of future performance and are based on estimates and assumptions that are inherently subject to risks and uncertainties. Primaris cautions that although it is believed that the assumptions are reasonable in the circumstances, actual results, performance or achievements of Primaris may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in Primaris' management's discussion and analysis for the three months and years ended December 31, 2024 and 2023, which is available on SEDAR+, and in Primaris' other materials filed with the Canadian securities regulatory authorities from time to time. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, Primaris undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. Article content Article content Article content Article content Article content Contacts Article content Alex Avery Chief Executive Officer 416-642-7837 aavery@ Article content Rags Davloor Chief Financial Officer 416-645-3716 rdavloor@
Yahoo
a day ago
- Business
- Yahoo
Global energy transition picks up pace amid rising challenges: WEF report
The World Economic Forum (WEF) Energy Transition Index 2025 report has indicated that global progress towards secure, sustainable, and equitable energy is picking up pace after years of moderate improvements. However, significant challenges such as geopolitical tensions, investment shortfalls, and a widening gap between clean energy innovation and deployment in areas that need it most could offset the progress. The 'Fostering Effective Energy Transition 2025' report benchmarks the energy systems of 118 countries, evaluating them across security, sustainability, and equity dimensions. Their readiness in terms of political commitment, finance and investment, innovation, infrastructure, education and human capital will also be explored. Notably, 65% of countries have improved their scores on the Energy Transition Index, with 28% showing advancement across all core dimensions in 2025. While advanced economies face challenges with grid congestion, elevated energy prices, and supply chain constraints, regions such as Emerging Europe and Emerging Asia are experiencing progress, driven by specific policy reforms, improved infrastructure, and a surge in clean energy investments. The 2025 Energy Transition Index posted a 1.1% year-on-year improvement, marking the fastest growth since pre-Covid. Equity saw the most significant gains, attributed to stable energy prices and subsidy reductions, while sustainability benefited from a rise in renewable energy use and energy efficiency advancements. Energy security saw little change, hindered by rigid power systems, reliance on imports, and limited diversification. Despite a $2tn investment in clean energy last year, emissions reached a record 37.8 billion tonnes in the warmest year on record, with energy demand climbing by 2.2%, driven by AI, data centres, cooling, and electrification. Sweden, Finland, and Denmark lead the Energy Transition Index. Norway and Switzerland complete the top five while Austria, Latvia, and the Netherlands also performed well, particularly in equity, clean energy capital flows, and renewable energy capacity expansion. China achieved a record 12th place, attributed to its innovation and clean energy investment. Brazil led Latin America in 15th place, with greater energy diversification, lower prices, and increased clean energy use. The UK and the US placed 16th and 17th, respectively, with the US ranking first in energy security due to its diverse energy system and innovation. World Economic Forum Centre for Energy and Materials head Roberto Bocca said: 'Energy systems are evolving at varying speeds.' The report advocates for flexible policies that can draw in sustained capital investment, encourage collaboration, upgrade existing infrastructure, channel funds into workforce development and innovation, expand the deployment of clean technologies, and boost financial investment in the economies of developing nations. Emerging Europe showed the strongest gains, with Latvia scoring highest and Bosnia and Herzegovina growing the most. Emerging Asia is led by China and followed by Malaysia. Sub-Saharan Africa also made progress, with Nigeria climbing from 109th in 2016 to 61st in 2025, highlighting the impact of targeted reforms and localised transition strategies. "Global energy transition picks up pace amid rising challenges: WEF report" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
a day ago
- Automotive
- Yahoo
Electric and Luxury Vehicle Market Outlook, Innovation, Demand Shifts and Market Leaders
Electric and Luxury Vehicle Market Overview 2025-2034 Luton, Bedfordshire, United Kingdom, June 19, 2025 (GLOBE NEWSWIRE) -- Electric and Luxury Vehicle Market Outlook: A Strategic Narrative to 2034 In the early decades of the 21st century, the automotive landscape has undergone a transformation more profound than anything witnessed since the birth of the internal combustion engine. Electric Vehicles (EVs)—once a fringe innovation confined to early adopters and environmentalists—are now the heartbeat of a global revolution. Simultaneously, luxury automakers are undergoing a metamorphosis of their own, integrating electrification with design, performance, and exclusivity to create the next generation of automotive icons. Download PDF Brochure: This story unfolds across intersecting dimensions: battery innovation, regional adoption, legacy brands, and evolving consumer identities. From the rise of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) to the reshaping of the luxury market by brands like Tesla, Porsche, Rolls-Royce, and Lucid, this is a story of mobility, prestige, and sustainability coalescing. 1. The Rise of Battery Electric Vehicles (BEVs) Battery Electric Vehicles (BEVs)—fully powered by electric motors and charged via external power sources—have become the linchpin of decarbonization strategies globally. As of 2024, the global BEV market stands at approximately $375 billion, and it is forecasted to exceed $1.2 trillion by 2034, reflecting a CAGR of 12.5%. Key Players: Tesla (Model 3, Model Y), BYD (Seal, Dolphin), Volkswagen (ID.4, ID.7), Hyundai (Ioniq 5, Ioniq 6), Kia (EV6), and newcomers like Rivian, Lucid Motors, and XPeng. Market Segmentation: Entry-level BEVs (e.g., Wuling Mini EV, Nissan Leaf) Mid-range BEVs (e.g., Tesla Model 3, Hyundai Ioniq 5) Premium BEVs (e.g., BMW i4, Polestar 2) Utility/Commercial BEVs (e.g., Rivian R1T, Ford F-150 Lightning) Driving Forces: Government incentives and zero-emission mandates Falling battery costs Expansion of charging infrastructure Growing environmental consciousness Download PDF Brochure: 2. Plug-in Hybrid Electric Vehicles (PHEVs): The Transition Bridge While BEVs often dominate headlines, Plug-in Hybrid Electric Vehicles (PHEVs) play a crucial transitional role. Combining internal combustion engines with electric motors, PHEVs appeal to drivers who desire electrification without range anxiety. As of 2024, the PHEV market is valued at $145 billion and is expected to reach $330 billion by 2034, growing at a CAGR of 8.6%. Key Players: Toyota (Prius Prime, RAV4 Prime), Volvo (XC90 Recharge), Mitsubishi (Outlander PHEV), Ford (Escape PHEV), BMW (530e, X5 xDrive45e), and Mercedes-Benz (C-Class PHEV). Market Segmentation: Urban plug-in sedans Luxury performance PHEVs SUV/crossover PHEVs Fleet and light commercial PHEVs Key Trends: Longer electric-only ranges (60+ km) Integration with smart energy grids PHEVs as fleet decarbonization tools Download PDF Brochure: 3. EV Adoption in Asia-Pacific: The Global Epicenter Asia-Pacific has emerged as the world's most dynamic EV market, led by government policy, battery innovation, and sheer consumer volume. By 2024, China alone accounted for 60% of global EV sales. The region's total EV market (BEVs + PHEVs) is valued at $420 billion, projected to surpass $1.3 trillion by 2034, registering a CAGR of 11.8%. Market Leaders: China: BYD, NIO, XPeng, Geely South Korea: Hyundai, Kia Japan: Toyota, Honda, Nissan Strategic Developments: China's 'NEV' policy targets 40% EV penetration by 2030 India's FAME II incentives accelerate EV two- and three-wheeler adoption Southeast Asia (Thailand, Vietnam) emerging as EV assembly hubs Key Market Segments: Mass-market compact BEVs Electric scooters and microcars Ride-hailing EV fleets High-speed EV rail-integrated urban mobility systems Download PDF Brochure: 4. The Evolution of Luxury Vehicles in a Sustainable Era Luxury has traditionally implied power, comfort, and prestige—but in the EV era, it increasingly denotes sustainability, connectivity, and personalization. From the swanky rear cabins of electric limousines to performance crossovers that outpace supercars, the luxury segment is redefining itself. 4.1 Ultra-Luxury Car Market: Prestige Recharged The ultra-luxury market—defined by names like Rolls-Royce, Bentley, and Maybach—is shifting from handcrafted combustion to battery-powered elegance. In 2024, this segment was valued at $48 billion, projected to reach $97 billion by 2034 at a CAGR of 7.3%. Key Developments: Rolls-Royce Spectre: The brand's first all-electric car, Spectre, launched in 2023 and has a 520 km WLTP range with hand-crafted luxury detailing. Bentley's Five-in-Five Strategy: Bentley is transitioning to an all-EV lineup by 2030, with its first EV launching in 2026. Mercedes-Maybach EQS SUV: Combines electric power with traditional opulence and launched in late 2024. Customer Profile: Ultra-high net worth individuals (UHNWIs) Luxury collectors and connoisseurs Sustainability-conscious elite buyers Download PDF Brochure: 4.2 Performance Luxury Cars Market: Electrified Speed Performance is no longer wedded to V8 engines. Electric drivetrains now offer acceleration and torque unimaginable in the ICE era. By 2024, the performance luxury segment is worth $120 billion, growing to $245 billion by 2034, at a CAGR of 7.5%. Top Players: Porsche (Taycan, Macan EV), Maserati (GranTurismo Folgore), Audi (RS e-tron GT), BMW (iX M60), Tesla (Model S Plaid), Lucid Motors (Air Sapphire). Emerging Trends: Use of dual- and tri-motor AWD systems Artificial sound synthesis (e.g., Porsche's E-sound) Track-ready EVs with adaptive suspension and torque vectoring In-cabin personalization and gaming integrations Buyer Base: Tech-savvy enthusiasts Performance-driven professionals Affluent millennials Download PDF Brochure: 5. The Rise of the Electric Luxury Vehicle Market The electric luxury vehicle market is where tradition meets transformation. It includes everything from executive sedans and crossovers to electric limousines and hyper-GTs. Valued at $185 billion in 2024, this market is projected to soar to $530 billion by 2034, expanding at a CAGR of 11.1%. Dominant Players: Tesla (Model X, Model S Plaid) Lucid Motors (Air, Gravity SUV) BMW (i7, iX) Mercedes-Benz (EQS, EQE) Audi (Q8 e-tron, A6 e-tron) Technology Trends: Level 3 autonomous capabilities Augmented reality HUDs Sustainable materials (vegan leather, recycled aluminum) Biometric access and AI-based personalization Strategic Partnerships: Mercedes and Nvidia for AI-based cockpit design Lucid's technology sharing with Aston Martin Apple rumored to be developing luxury EV software platforms Download PDF Brochure: 6. The Road Ahead: Integration, Disruption, and Identity The electrification of both mainstream and luxury mobility is not merely a trend—it is an evolution driven by innovation, regulation, and aspiration. As we approach 2034, expect the automotive world to blur lines between categories: Mainstream automakers will push deeper into luxury EV segments. Luxury automakers will broaden their appeal through EV accessibility. Tech giants may reshape ownership through subscription and autonomy. Cross-Cutting Innovations to Watch: Solid-state batteries with 800+ km range Battery-as-a-service (BaaS) models Vehicle-to-grid (V2G) energy integration Emotion-adaptive in-car AI interfaces MARKET SEGMENTATIONS: Battery Electric Vehicles (BEVs) Market Segments Entry-Level BEVs Examples: Wuling Mini EV, Nissan Leaf Target: Urban commuters, first-time EV buyers Mid-Range BEVs Examples: Tesla Model 3, Hyundai Ioniq 5 Target: Middle-income families, eco-conscious professionals Premium BEVs Examples: BMW i4, Polestar 2, Mercedes EQE Target: Professionals, tech-savvy buyers Utility & Commercial BEVs Examples: Rivian R1T, Ford F-150 Lightning Target: Fleet operators, outdoor/work vehicle users Plug-in Hybrid EVs (PHEVs) Market Segments Urban Plug-in Sedans Examples: Toyota Prius Prime, Honda Clarity PHEV Target: City dwellers, green commuters SUV / Crossover PHEVs Examples: Mitsubishi Outlander PHEV, Ford Escape PHEV Target: Families, suburban drivers Performance & Luxury PHEVs Examples: Porsche Cayenne E-Hybrid, BMW X5 xDrive45e Target: Affluent consumers, luxury enthusiasts Fleet & Commercial PHEVs Examples: Toyota RAV4 Prime (corporate fleets) Target: Corporate mobility programs, rental companies EV Adoption in Asia-Pacific – Market Segments Mass-Market Compact EVs Examples: BYD Dolphin, MG Comet Target: Entry-level buyers, Tier-2 & Tier-3 cities Electric Two-Wheelers and Microcars Examples: Ola S1, Ather 450X, Wuling Mini EV Target: Last-mile mobility, young professionals Ride-Hailing EV Fleets Examples: BYD e6, Hyundai Kona EV fleets Target: Ola, Grab, Didi, Uber fleets EV-Integrated Urban Mobility Systems Integrated e-buses, EV taxis with metro/rail systems Target: Smart city developers, public transport agencies Ultra-Luxury Car Market Segments Full-Sized Electric Limousines Examples: Rolls-Royce Spectre, Mercedes-Maybach EQS Target: Diplomats, UHNWI executives Hand-Crafted Limited Edition EVs Examples: Bentley Electric GT (2026) Target: Collectors, luxury connoisseurs Chauffeur-Driven Luxury EVs Focus: Rear-seat comfort, noise cancellation, entertainment systems Target: Royal families, VIP transport Performance Luxury Cars Market Segments High-Performance Sedans Examples: Tesla Model S Plaid, Lucid Air Sapphire Target: Tech enthusiasts, speed aficionados Electric Gran Turismos Examples: Maserati GranTurismo Folgore Target: Luxury weekend drivers, brand loyalists Track-Ready EVs Examples: Porsche Taycan Turbo S Target: Racetrack users, motorsport hobbyists Luxury Performance Crossovers Examples: BMW iX M60, Audi RS Q8 e-tron Target: Wealthy urbanites, families with performance tastes Electric Luxury Vehicle Market Segments Executive Electric Sedans Examples: BMW i7, Mercedes EQE Target: Corporate execs, business travelers High-End Electric SUVs Examples: Tesla Model X, Lucid Gravity Target: Family buyers with luxury preferences Technology-First Luxury EVs Examples: NIO ET7, Byton M-Byte Target: Digital-native elites, early adopters Sustainable Luxe EVs Vegan interiors, recycled materials, solar roofs Target: Eco-conscious high-net-worth individuals Recent Developments: 1. Tesla – Robotaxi Launch & Operational Pause Tesla is preparing to launch its Robotaxi service out of Austin, Texas, with a tentative pilot on June 22, 2025, scheduling the first driverless trip from factory to customer's home around June 28. Simultaneously, Tesla will halt production of Model Y and Cybertruck at its Austin plant for about a week starting June 30, 2025, to conduct maintenance and implement line upgrades in time for the robotaxi rollout. In China, insurance registrations skyrocketed by ~80% (15,500 during June 9–15), but year-to-date sales are down, with Q2 lagging the previous quarter and deliveries declining 8% in May versus last year. Tesla stock has been volatile—affected by production pauses, robotaxi delays, Chinese sales headwinds, and potential termination of U.S. EV incentives due to new tax legislation. 2. BYD – Global Expansion & Fast-Charging Breakthrough BYD has commenced construction of a US $32 million EV assembly plant in Cambodia's Sihanoukville SEZ (12 ha, CKD), targeting BEV and PHEV output by November 2025 at a capacity of 10,000 vehicles per year. The company aims to double overseas sales in 2025 to 800,000+ units, with new plants in Thailand, Indonesia, Hungary, Brazil, Turkey, Vietnam, and Mexico supporting this target. BYD unveiled ultra-fast charging tech: a 1 MW system (with Sinopec) and 10C battery architecture delivering 400 km of range in 5 minutes, far outperforming current superchargers. Their flagship SUV, the Tang L, launched in January 2025 with a bold 1085-hp powertrain, AR HUD, 15.6″ rotating touchscreen, and luxury finishes. 3. Rivian–VW Joint Venture – Software-Defined Architecture Rivian and Volkswagen launched their joint venture Rivian VW Group Technologies, backed by a US $5.8 billion commitment, focused on scalable software-defined vehicle (SDV) platforms, zonal controllers, and OTA systems. Their technology has been integrated into a VW test vehicle within 12 weeks, with multiple automakers reportedly in discussions to leverage this software strategy. Upcoming platforms include the VW ID EVERY1 (2027 debut at ~€20,000) and Rivian R2, using SDV architecture to deliver more affordable EVs. 4. Lucid Motors – Gulf Expansion & Charging Standards Lucid signed a strategic partnership with Riyadh Air at the Dubai Airshow for commercial operations, a notable entry into the Middle Eastern market. The company is adopting the NACS charging standard and has released a RangeXchange V2V adapter, enabling EV-to-EV charging support. It's also preparing the Lucid Gravity SUV for launch in late 2024 and recently appointed its first Chief Operating Officer, signaling organizational maturity. 5. CATL / Ancillary – Sodium-Ion Innovation BYD has invested US $1.4 billion into a sodium-ion battery plant in Xuzhou, targeting 30 GWh annual production. Meanwhile, CATL released a hybrid sodium-ion/Li-ion pack offering 400 km range, fast charge (4C), and extreme temperature performance, with deployment across ~30 hybrid models in 2025. These developments signal a shift toward next-gen battery chemistry, reducing reliance on lithium and supporting lower-cost EV adoption. This report is also available in the following languages : Japanese (電気自動車と高級車市場), Korean (전기 및 고급차 시장), Chinese (电动和豪华汽车市场), French (Marché des véhicules électriques et de luxe), German (Markt für Elektro- und Luxusfahrzeuge), and Italian (Mercato dei veicoli elettrici e di lusso), etc. Request Sample Pages: More Research Finding – Electric Luxury Vehicle Market The electric luxury vehicle market is poised for significant growth, with a current market value estimated at approximately $62 billion in 2024. This market is projected to expand, reaching around $150 billion by 2034, driven by increasing consumer demand for sustainable transport solutions and advancements in EV technology. The forecast period from 2025 to 2034 is expected to witness a Compound Annual Growth Rate (CAGR) of approximately 10.5%, reflecting strong market potential. U.S. Automotive Luxury Vehicle Market The U.S. automotive luxury vehicle market is valued at approximately $75 billion in 2024, driven by increasing consumer demand for premium features and electric vehicle (EV) options. This sector is projected to grow significantly, reaching about $105 billion by 2034, reflecting an impressive compound annual growth rate (CAGR) of 4.6% from 2025 to 2034. Luxury Car Market The automotive luxury vehicle market is poised for significant growth, with a projected market value of approximately $730 billion in 2024. This sector is expected to maintain a robust upward trajectory, forecasting a value of about $1.2 trillion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of around 5.2% from 2025 to 2034. Electric Vehicle Charging Services Market The global electric vehicle (EV) charging services market is poised for significant growth, with a current value estimated at approximately $12.5 billion in 2024. As the industry matures, projections indicate the market will expand to around $45 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 14.1% during the forecast period from 2025 to 2034. Electric Vehicle EV DC Fast Charger Market The global market for Electric Vehicle (EV) DC fast chargers is valued at approximately $5 billion, reflecting robust growth driven by increasing EV adoption and government support for electrification. The market is projected to reach around $15 billion by 2034, representing a significant opportunity for stakeholders. This translates into a Compound Annual Growth Rate (CAGR) of approximately 13.4% during the forecast period from 2025 to 2034. Industrial Power Inverter Market The global industrial power inverter market is valued at approximately $12 billion in 2024, with projected growth driving the market to reach around $22 billion by 2034. This reflects a robust compound annual growth rate (CAGR) of 6.6% over the forecast period from 2025 to 2034. Electric Vehicle EV On Board Charger Market The global electric vehicle (EV) on-board charger market is expected to reach approximately $4.6 billion in 2024. Driven by the increasing adoption of electric vehicles, stringent emissions regulations, and technological advancements in EV charging solutions, the market is projected to grow significantly over the next decade. By 2034, the market value is anticipated to soar to around $10.8 billion, representing a compound annual growth rate (CAGR) of approximately 8.7% during the forecast period of 2025–2034. Electric Vehicle Busbars Market The global market for electric vehicle (EV) busbars is valued at approximately $1.2 billion in 2024. The market is projected to grow substantially, reaching an estimated $3 billion by 2034, driven by increasing electric vehicle adoption and advancements in charging infrastructure. This results in a Compound Annual Growth Rate (CAGR) of around 9.4% over the forecast period from 2025 to 2034. Electric Vehicle Flat Wire Motor Market The global electric vehicle (EV) flat wire motor market is projected to reach a value of approximately $4.5 billion in 2024, driven by the increasing demand for efficient and compact motor solutions in electric vehicles. This market is expected to grow impressively, with a projected value of around $10 billion by 2034, reflecting strong adoption trends across the automotive sector. Electric Vehicle Charging Infrastructure Market The global electric vehicle (EV) charging infrastructure market is valued at approximately $27 billion in 2024. This market is poised for significant expansion, with a projected worth reaching around $71 billion by 2034. This growth represents an impressive Compound Annual Growth Rate (CAGR) of about 10.3% during the forecast period from 2025 to 2034. Electric Vehicle Thermal Management System Market The global electric vehicle (EV) thermal management system market is valued at approximately $4.5 billion in 2024 and is anticipated to reach around $12.8 billion by 2034. This growth represents a robust Compound Annual Growth Rate (CAGR) of approximately 11.1% during the forecast period from 2025 to 2034. Electric Vehicle AC Charging Station Market The global electric vehicle (EV) AC charging station market is poised for significant growth, valued at approximately $9.4 billion in 2024. Analysts project a robust increase, anticipating the market will reach around $25 billion by 2034, reflecting an impressive Compound Annual Growth Rate (CAGR) of about 10% during the period from 2025 to 2034. Electric Vehicle EV Charging Equipment Market The global electric vehicle (EV) charging equipment market is valued at approximately $30 billion, reflecting the rapid growth driven by increasing EV adoption and stringent environmental regulations. The market is projected to reach $120 billion by 2034, representing a robust Compound Annual Growth Rate (CAGR) of around 15% during the forecast period from 2025 to 2034. Battery Cases for Electric Vehicle Market The global market for battery cases for electric vehicles (EVs) is poised for significant growth, valued at approximately $5.6 billion in 2024. It is projected to reach around $12.8 billion by 2034, spurred by the rapid adoption of electric vehicles and advancements in battery technologies. The market is expected to exhibit a robust Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period from 2025 to 2034. Battery Grade Manganese Sulphate Market The global battery grade manganese sulfate market is poised for significant growth, with a current market value projected at approximately $1.2 billion in 2024. By 2034, this market is expected to reach around $3.5 billion, reflecting a robust Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034. Electric Vehicle Electronic Expansion Valve EXV Market The global Electric Vehicle Electronic Expansion Valve (EXV) market is valued at approximately $500 million in 2024, driven by the increasing adoption of electric vehicles (EVs) and advancements in thermal management systems. The market is projected to reach around $1.2 billion by 2034, reflecting a robust growth trajectory. Li-ion Battery for Energy Storage Systems ESS Market The global lithium-ion (Li-ion) battery market for energy storage systems (ESS) is poised for significant growth, currently valued at approximately $10 billion in 2024. Projections indicate that this market could reach around $35 billion by 2034, reflecting increased demand for sustainable energy solutions and advancements in battery technologies. Electric Vehicle EV Suspension System Market The global electric vehicle (EV) suspension system market is poised at approximately $4.5 billion in 2024, exhibiting robust growth amid increasing EV adoption and technological advancements. The market is projected to reach around $12 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of approximately 11.3% during the forecast period from 2025 to 2034. Outdoor Liquid Cooled Energy Storage System Market The global outdoor liquid cooled energy storage system market is valued at approximately $2.8 billion in 2024, with a strong projected growth trajectory expected to reach around $6.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 9.1% during the forecast period from 2025 to 2034. CONTACT: Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@
Yahoo
a day ago
- Business
- Yahoo
Solar Panel Recycling Market worth $1.12 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 19, 2025 /PRNewswire/ -- The report "Solar Panel Recycling Market by Type (Monocrystalline, Polycrystalline), Shelf Life (Early Loss, Normal Loss), Process (Mechanical, Hybrid), Material (Silicon, Metal, Plastic, Glass) - Global Forecast to 2030", solar panel recycling market size is projected to grow from USD 0.39 billion in 2024 to USD 1.12 billion by 2030, registering a CAGR of 19.5% during the forecast period. A number of factors are creating demand for the solar panel recycling market. Increased adoption of solar energy around the world is leading to an increasing number of end-of-life panels that need to be disposed of. Environmental regulations and government policies related to the environment, encourage the responsible disposal of solar panels by proper recycling, as well as promoting circular economy waste practices. Authorization of the environmental dangers related to the improper disposal of solar panels has led to the urgent need for the more environmentally friendly recycling of these panels. In addition, there is an economic incentive based on the recovery of materials such as silicon, silver, and aluminum from panels that have been disposed of as well. Browse in-depth TOC on "Solar Panel Recycling Market" 140 – Tables60 – Figures200 – Pages Download PDF Brochure: Polycrystalline is anticipated to be the largest segment of the solar panel recycling market, based on type, during the forecast period Polycrystalline panels accounted for the largest market share of the solar panel recycling market mainly because they are used extensively in initial solar installations and are relatively affordable to manufacture. The panels have been the most preferred type for large-scale solar installations for the last two decades, particularly in the emerging and price-conscious markets, because of their relatively lower production cost compared to monocrystalline types. Consequently, a large proportion of old and retired solar panels that make it to the recycling pipeline today are polycrystalline. Polycrystalline panels have recoverable materials like glass, aluminum, and silicon that are easy to recover, making mechanical recycling techniques more viable and cost-effective. Their less complex cell structure also makes dismantling easier, with shorter processing time and cost. Early loss is anticipated to be the larger segment of the solar panel recycling market, based on shelf life, during the forecast period Early loss accounted for the larger market share of the solar panel recycling market due to the failure and premature disposal of early-installed panels as a result of unexpected failure. Most of these early-generation panels experienced defects during manufacture, were poor-quality materials, or where installation methods were inferior, resulting in compromised performance and reliability. The rapid development of solar tech has also led some system owners to upgrade to new, more efficient panels earlier than their life expectancy, adding volumes of discarded panels. In contrast to panels reaching their typical end-of-life, early-loss panels are entering the recycling stream in greater-than-expected volumes, spurring an immediate demand for recycling solutions. Request Sample Pages: Hybrid is anticipated to be the larger segment of the solar panel recycling market, based on process, during the forecast period Hybrid recycling accounted for the higher share of the solar panel recycling market due to its ability to achieve maximum material recovery and meet the continuous demand for materials in the marketplace. Unlike pure mechanical recycling, hybrid recycling offers a way to extract a broader range using mechanical, thermal, and chemical processes and yields high-purity silicon, silver, and rare metals. Hybrid methods will be especially effective for modern, high-efficiency solar panels with more complex materials, such as monocrystalline solar panels, which have ultimately combined and integrated various technologies. As environmental regulations become stricter to promote a circular economy, hybrid recycling provides value in sustainability and economic prosperity with less waste sent to landfills, increased recovery of critical raw material, and advanced recovery choices. Additionally, with increasing investments into advances in recycling processes, hybrid recycling will be an efficient, scalable, and commercially viable commitment for businesses. Metal is anticipated to be the largest segment of the solar panel recycling market, based on material, during the forecast period Metals accounted for the largest share of the solar panel recycling market because they represent a larger share of valuable, reclaimable materials in photovoltaic panels. Aluminium, copper, and silver are some of the key metals that are used as materials in the frames of panels, wiring, and contacts and therefore find high demand in recycling processes. Aluminium frames, especially, are present in high volumes and are easy to differentiate, which allows inexpensive recycling with high rates of recovery. Silver and copper, although they occur in lesser amounts, contribute significant economic value based on their relatively high market values and usage in different industries. Metals retain their properties when they are recycled and hence reused in producing new materials, contributing to circular economy objectives. The fact that metals are relatively easy to extract compared to other intricate materials such as silicon or plastics significantly increases their dominance in the recycling industry. Request Customization: Europe is expected to be the largest region of the solar panel recycling market during the forecast period Europe holds the largest market share in solar panel recycling due to its robust regulatory framework, advanced recycling infrastructure, and an overall commitment to sustainability. European countries have established comprehensive policy frameworks and targets to manage photovoltaic waste properly, stimulating investments in specialized recycling units. The relatively early adoption of solar energy in Europe means that a significant number of panels have reached or are approaching the end-of-life, further pushing the demand for recycling facilities. The region's emphasis on circular economy principles presents further opportunities for recycling as it encourages the recovery and reuse of economically valuable materials from solar panels, such as silicon, glass, or metals, as needed. With significant levels of both, public awareness and government support promoting green initiatives, conditions appear to be favorable for a rapidly growing emerging market for solar panel recycling. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the solar panel recycling market. First Solar (US), Reiling GmbH & Co. KG (Germany), The Retrofit Companies, Inc. (US), Rinovasol Global Services B. V. (Netherlands), ROSI (France), We Recycle Solar (US), SILCONTEL LTD (Israel), Etavolt Pte. Ltd. (Singapore), PV Industries (Australia), and SOLARCYCLE, Inc. (US). Get access to the latest updates on Solar Panel Recycling Companies and Solar Panel Recycling Market Size Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & Consulting Related Reports: EVA Films Market - Global Forecast to 2029 Industrial Lubricants Market - Global Forecast to 2029 Milled Carbon Fiber Market - Global Forecast to 2029 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. 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U.S. Luxury Resale Market Outlook Report 2025-2030, with Key Vendor Profiles for eBay, The RealReal, and ThreadUp
Tariffs on imported luxury goods may initially impact sales in the U.S. Luxury Resale market, but consumers are shifting to the more budget-friendly resale market. Technology and sustainability trends are driving growth, with millennials and Gen Z favoring secondhand luxury to reduce environmental impact. Key players like The RealReal, thredUP, and eBay propel this fragmented market, offering authentic, premium alternatives through advanced digital platforms. The Southern region leads, supported by urbanization and thriving fashion culture. U.S. Luxury Resale Market Dublin, June 19, 2025 (GLOBE NEWSWIRE) -- The "U.S. Luxury Resale Market Research Report 2025-2030" report has been added to U.S. Luxury Resale Market was valued at USD 8.65 billion in 2024, and is projected to reach USD 13.04 billion by 2030, rising at a CAGR of 7.08%. In the U.S. luxury resale market, The Real Real, ThreadUp, and eBay are the key players, collectively accounting for a significant percentage of the market share. It is a fragmented market where resale platforms operate with large vendors, creating intense competition and offering a wide variety of second-hand luxury products to meet diverse customer preferences and budgets. Furthermore, to maintain a competitive edge, companies are increasingly focusing on improving service models, authentication processes, and digital user experiences to meet the evolving expectations of both sellers and buyers. LUXURY RESALE MARKET TRENDS Investing In Exclusivity and RarityExclusivity is the cornerstone of value in the luxury sector, a concept that drives consumer demand and commands premium prices. The luxury second-hand market results from consumers' desire for distinctive, limited-edition products, sometimes unavailable through primary retail channels. The demand for rare goods is a major factor in resale Between Luxury Resale Platforms and High-End Fashion BrandsHigh-end fashion brands and luxury resale platforms have been collaborating, which reflects that they are adapting to changing consumer tastes. These collaborations strengthen the value and appeal of the brand as well as prolong the lifespan of luxury goods. For example, in 2023, thredUP and Luxury Handbag Reseller Rebag announced a partnership where Rebag customers can now resell gently-worn items on thredUP for Rebag shopping credit, and thredUP customers can shop select Rebag inventory directly on thredUP. By partnering with thredUP, Rebag is expanding the types of items its customers can send in. As part of the partnership, Rebag has launched a Clean Out program powered by thredUP's Resale-as-a-Service (RaaS), which enables the world's leading fashion brands and retailers to deliver customizable, scalable resale experiences to their In TechnologyTechnology is playing a transformative role in shaping the luxury resale experience for customers. Technological innovations enhance the shopping experience and build customer trust in the market. In February 2025, Fashionphile debuted an augmented reality (AR) feature that allows customers to visualize products in their space before purchase. By enabling consumers to evaluate the way goods fit and look in their surroundings, this innovation enhances the online shopping experience and boosts consumer confidence when making RESALE MARKET ENABLERS Millennials & Gen Z Influencing the MarketMillennials and Gen Z are major drivers of the U.S. luxury resale market. These generations are highly aware of the environmental impact of fast fashion and are more inclined to buy pre-owned luxury goods as part of their commitment to reducing waste and supporting sustainable practices. Most of the growth in the resale market has been driven by Gen Z shoppers looking for unique, economical, and sustainable of Tariffs Driving the U.S. Luxury Resale MarketTariffs are poised to increase the price of all sorts of goods, including apparel. The U.S. imports nearly all of its clothing and shoes from other countries, including from China, which is not exempt from the tariffs and now faces a rate of 145%. As rising tariffs continue to push up the prices of new apparel, consumers are actively seeking more affordable Internet PenetrationThe widespread internet access has facilitated the growth of online luxury resale platforms, enabling consumers to buy and sell pre-owned luxury items with greater ease. As of early 2024, the U.S. had approximately 331.1 million internet users, representing an internet penetration rate of 97.1% of the total population. High internet penetration is making it easier for individuals to browse, compare, and purchase luxury goods from the comfort of their Demand for SustainabilityThe U.S. luxury resale market is experiencing a significant shift towards sustainability, driven by evolving consumer preferences, economic factors, and industry innovations. Sustainability is becoming a more important consideration for customers, to lessen their influence on the environment, and more than half of these customers prefer to purchase used goods. With pre-owned luxury goods frequently costing 50-75% less than new ones, younger consumers want distinctive, premium products at more reasonable RESTRAINTS Challenges In Ensuring AuthenticityOne of the key challenges in the U.S. luxury resale market is ensuring the authenticity of products. Counterfeit luxury goods can undermine trust in resale platforms and harm the reputation of brands. To address this, platforms like The RealReal and Poshmark are investing in sophisticated authentication processes, including expert appraisers, AI technology, and blockchain for Growth of Secondhand ClothingThe rapid expansion of the second-hand clothing market raises concerns that it may weaken the primary market for new clothing. A significant decline in demand for new garments could increase production costs and slow innovation in textile manufacturing. This may also disrupt global supply chains, potentially limiting the future availability of high-quality second-hand items.U.S. LUXURY RESALE MARKET REGIONAL ANALYSISThe Southern U.S. holds the highest share of the U.S. luxury resale market, supported by its large and growing population, rising urban centers, and an expanding base of fashion-conscious and value-driven consumers. The region's strong culture of social events, lifestyle spending, and aspirational purchasing fuels demand for luxury apparel, accessories, watches, and other items, both new and pre-owned. Furthermore, the Western region accounts for a significant share of the U.S. luxury resale market, supported by large urban populations and widespread use of digital resale platforms. Consumers in this region show consistent engagement with resale across both online and offline channels. Luxury resale platforms headquartered in the Western US, such as The RealReal (San Francisco), Poshmark (Redwood City), Rebag (Los Angeles), and Vestiaire Collective (San Francisco), have become integral to the region's luxury resale the Midwest, growth is supported by the broader adoption of online resale platforms and a value-oriented consumer base. The rising number of affluent young professionals and urban dwellers in cities such as Chicago, Minneapolis, and Columbus is driving the demand for pre-owned luxury fashion, as consumers increasingly prioritize both value and sustainability when purchasing high-end goods. The Northeast accounted for the lowest revenue share in 2024 of the U.S. luxury resale market. New York remains a key driver for the Northeast luxury resale market, as the state not only hosts The RealReal's flagship store in Soho, Manhattan, but also consistently ranks as one of the top states for both luxury item consignments and purchases on major platforms like Vestiaire Collective and The RealReal, reflecting the city's deep-rooted fashion culture and high-end consumer LANDSCAPEKey Developments in the United States Luxury Resale Market In 2024, The RealReal and Conservation International Unite for a Star-Studded Closet Sale. The company has launched its second star-studded sale in partnership with environmental leader Conservation International, featuring 230 luxury pieces consigned by influential women who have shaped fashion, journalism, social justice, and culture. In April 2025, eBay and Klarna Deepen Global Strategic Partnership to Empower Flexible Shopping in the U.S. The expanded partnership will give U.S. eBay shoppers more flexible and affordable ways to shop and pay. Key Company Profiles eBay Inc. The RealReal ThreadUp Inc. Other Prominent Company Profiles Inc. Farfetch Heritage Auctions Poshmark, Inc. Most Wanted Luxury Resale NET-A-PORTER Rebag Reloved Luxury The Luxury Closet Vestiare Collective WGACA (What Goes Around Comes Around) Ziniosa Vinted LePrix, Inc. Yoogi's Closet, Inc. Key Attributes: Report Attribute Details No. of Pages 114 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $8.65 Billion Forecasted Market Value (USD) by 2030 $13.04 Billion Compound Annual Growth Rate 7.0% Regions Covered United States Key Topics Covered: 1. Scope & Coverage2. Opportunity Pockets3. Introduction3.1. Impact of Tariff4. Market Opportunities & Trends4.1. Investing in Exclusivity and Rarity4.2. Collaborations Between Luxury Resale Platforms and High-End Fashion Brands4.3. Rise in Technology5. Market Growth Enablers5.1. Millennials & Gen Z Influencing the Market5.2. Impact of Tariffs Driving the Luxury Resale Market5.3. Rising Internet Penetration6. Market Restraints6.1. Challenges in Ensuring Authenticity6.2. Unviable Growth of Secondhand Clothing7. Market Landscape7.1. Five Forces Analysis8. Product Type (Market Size & Forecast: 2021-2030)8.1. Handbags8.2. Clothing8.3. Shoes8.4. Small Leather Goods8.5. Watches8.6. Jewelry8.7. Accessories9. Gender (Market Size & Forecast: 2021-2030)9.1. Male9.2. Female10. Distribution Channel (Market Size & Forecast: 2021-2030)10.1. Online10.2. Offline11. Geography (US)11.1. South11.2. West11.3. Midwest11.4. Northeast12. Competitive Landscape13. Competitive Overview14. Key Company Profiles15. Other Prominent Company Profiles16. Report SummaryFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment U.S. Luxury Resale Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
