guidehouse-insights-estimates-number-of-evs-in-shared-mobility-services-is-projected-to-grow-at-a-compound-annual-growth-rate-of-nearly-50%-by-2032

Guidehouse Insights Estimates Number of EVs in Shared Mobility Services is Projected to Grow at a Compound Annual Growth Rate of Nearly 50% by 2032

 

A new report from Guidehouse Insights examines the transition of shared mobility services offerings from internal combustion engine (ICE) powered vehicles to EVs.

The EV and corresponding EV charging infrastructure market, buoyed by government regulations and incentives and environmental, social, and corporate governance (ESG) concerns, is rapidly growing around the world. Along with national government initiatives, municipal governments in densely populated areas are instituting their own laws to cut down on tailpipe emissions. According to a new report from Guidehouse Insights, the number of EVs in mobility services on the road is projected to grow at an overall compound annual growth rate of 49.6% from an estimated 7.9 million EVs in 2023 to an estimated 299.3 million EVs by 2032.

“EVs are expected to increase as a proportion of shared mobility services vehicles and to grow in overall number of shared mobility services vehicles,” says Elizabeth Wilson, research analyst with Guidehouse Insights. “Individual car ownership is likely to decrease as city dwellers become more aware of rising ownership costs, their carbon footprint, and less costly multimodal transportation options. These consumers will likely look to shared mobility vehicles—including ride-hailing, carshare programs, and corporate leasing—to meet their car needs.”

These shared mobility vehicles will be required to follow increasingly stringent national and subnational regulations for vehicle emissions, along with laws specifically aimed at mobility services companies in certain regions. In some cases, those using these services will look for low emissions solutions, which will prompt companies to look for opportunities to transition their fleets to EVs. Increasingly, shared mobility services are partnering with original equipment manufacturers to provide drivers with ready EVs and charging solutions and are developing EV-specific options for riders, according to the report.

The report, EVs in Shared Mobility, examines the transition of shared mobility services offerings from ICE powered vehicles to EVs, with attention to market drivers (government regulations for greenhouse gas emissions and ESG reporting) and barriers (cost and availability of vehicle procurement, charging infrastructure limitations, and consumer price sensitivity). EVs in shared mobility have ample opportunity to grow over the outlook period, if governments continue their subsidy programs and regulation, partnerships continue between shared mobility platforms and charge point operators, and consumer demand for shared mobility services exceeds individual car ownership in urban areas. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-estimates-global-market-for-software-defined-vehicles-will-exceed-$110-billion-by-2031

Guidehouse Insights Estimates Global Market for Software-Defined Vehicles Will Exceed $110 Billion by 2031

 

A new report from Guidehouse Insights analyzes the automotive software-defined vehicles (SDV) market—including vehicle manufacturers, software solution providers, industry organizations, tech companies, government employees, and other suppliers. SDVs’ new mediums and use cases are the focus of this report.

As consumers continue demanding better and more intuitive experiences, and as the market becomes more saturated with cellular-data-capable EVs with increasing levels of automation, SDVs have a promising future. According to a new report from Guidehouse Insights, the total average revenue generated from SDVs is expected to grow from $8.6 billion in 2022 to exceed $110.5 billion by 2031, at a compound annual growth rate (CAGR) of 32.8 percent.

“SDVs could transform the automotive industry—generating billions in revenue from new applications and services. Over the next decade and beyond, automakers’ large investments will bring new vehicles to market that are designed to function as more than a means of transportation,” says Sam Abuelsamid, principal analyst with Guidehouse Insights. “SDVs will become a third space in which consumers can engage in experiences such as working, gaming, or escaping from the outside environment.”

A new digitally native, environmentally, socially, and safety conscious consumer generation is forcing the automotive industry to cater to it. Today’s car buyers are more concerned about sustainability, seamless user experience across all of their devices, and up-to-date safety features than horsepower and brand. EV’s potentially longer product lifecycle coupled with the introduction of new software applications opens a plethora of revenue-generating opportunities that automakers can leverage after a car rolls off the lot. If automakers are to realize these benefits, they must quickly transform their development processes to keep up with the speed of innovation while adhering to an automotive regulatory environment that is notoriously slow to adapt or overreact, according to the report.

The report, Leveraging Software-Defined Vehicles for Next-Generation Consumer Experiences, analyzes the global market for SDVs, the new passenger experiences they will enable, and the industry changes needed to facilitate their implementation. It provides an analysis of SDV market issues, business cases, opportunities, and implementation challenges. Global market analyses for capacity and revenue, broken out by segment and region, extend through 2031. The report examines key SDV technologies, use cases, and profiles key market players. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-estimates-global-market-for-building-automation-and-controls-to-grow-to-$48-billion-by-2031

Guidehouse Insights Estimates Global Market for Building Automation and Controls to Grow to $48 Billion by 2031

 

A new report from Guidehouse Insights examines the global market for building automation and controls in the ten-year period between 2022 and 2031.

This market has been evolving over the last decade as building owners and facility managers aim to reduce energy consumption by improving their building automation technologies and energy efficiency. According to a new report from Guidehouse Insights, the global revenue attributed to building automation systems in commercial buildings is expected to increase from $32.5 billion in 2022 to $48.2 billion in 2031 at a compound annual growth rate (CAGR) of 4.5%.

“Many building automation technologies—HVAC, lighting, fire and life safety, security, and access controls—and building management systems are key components of an autonomous building,” says David Gonzalez, research analyst with Guidehouse Insights. “The latest advances in building automation have enabled the process in which all of a building’s sensors, electronics, and mechanical systems are connected and managed through a single system that allows real-time communication between the building subsystems for better energy consumption coordination.”

The recent focus on occupancy safety and space utilization in commercial buildings has accelerated a shift toward smart integrated systems where communication among lighting, HVAC, and other subsystems is needed. Building automation technology vendors have been quick to adapt to their customers’ demands by providing smart systems with open communication protocols that can be easily integrated into third-party software and allow for easier communication with other subsystems, according to the report.

A bottom-up and top-down approach was used for development of this report, Market Data: Building Automation and Controls. The basis of the bottom-up analysis started with Guidehouse Insights’ Global Building Stock Database 3Q22. This data was combined with average selling prices per square foot for building automation controls, which were assembled during interviews with industry experts and research from online sources. The analysis was combined to calculate expected adoption curves by building type and by region. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-estimates-microgrid-investments-to-reach-$8-billion-in-asia-pacific-and-$9-billion-in-middle-east-&-africa-by-2031

Guidehouse Insights Estimates Microgrid Investments to Reach $8 Billion in Asia Pacific and $9 Billion in Middle East & Africa by 2031

 

As of 2020, nearly 733 million people in the world were living without access to electricity, according to the consensus opinion of the International Energy Agency, the International Renewable Energy Agency, the United Nations Department of Economic and Social Affairs, the World Health Organization, and the World Bank. A new report from Guidehouse Insights explores annual deployments of energy access microgrid projects.

Microgrids offer energy to those who lack access to the traditional grid because they live in remote or underserved areas. According to a new report from Guidehouse Insights, Asia Pacific and Middle East & Africa currently lead the energy access microgrids market and are expected to continue leading the energy access across microgrids market through 2031. Revenue from microgrid investments in Asia Pacific will likely reach $7.7 billion by 2031, and microgrid revenue in Middle East & Africa is expected to reach $8.9 billion by 2031.

“One of the 17 critical Sustainable Developments Goals (SDG) adopted by the United Nations, is ensuring basic energy access for 100% of the global population by 2030 (SDG 7). Based on the current rate of progress, that goal will fall short by 670 million people, who will still be barred from participation in the global economy,” says Rohith Unni, research analyst with Guidehouse Insights. “Novel energy management systems, innovative remote monitoring capabilities, and advances in smart meter and energy storage technologies have made microgrids the ideal solution for connecting underserved populations, cost effectively and sustainably.”

Technological advances, falling prices for renewable energy (RE), and continued developments in energy storage have brought decentralized energy solutions, such as microgrids, into the mainstream, and offer potential for bringing socioeconomic progress to those who have not been connected to the traditional grid, according to the report.

The report, Market Data: Microgrids for Energy Access in Emerging Markets, provides global analyses for annual deployments of energy access microgrid projects in terms of power capacity (MW) and project deployment spending ($ Millions). These analyses, which cover the 10-year period from 2022-2031, are segmented by region, application segments and business models. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-explores-future-opportunity-for-6g-technology

Guidehouse Insights Explores Future Opportunity for 6G Technology

 

A new report from Guidehouse Insights explores the opportunity for the 6G (sixth-generation wireless) technology market of the future. The report examines the different technologies that currently constitute 6G research efforts, as well as some of the use cases that next-generation networks will enable.

Even though 5G mobile networks are not yet fully rolled out worldwide, researchers and regulators are already developing and examining the technologies that will constitute 6G. According to a new report from Guidehouse Insights, since the advent of mobile broadband, demand for bandwidth and download speeds has increased steadily, as users have come to rely on mobile networks for ever more intensive uses in consumer, enterprise, and industrial settings.

“6G will build on advancements that powered 5G to deliver smarter AI and improved edge computing,” says Francesco Radicati, senior research analyst with Guidehouse Insights. “This will enable new use cases through improved Industrial Internet of Things (IIoT) and digital twin capabilities.”

In order to prepare for the future of 6G, mobile companies should prepare to pay more in 6G spectrum auctions; vendors must ensure security is built into the technology from the start, and governments and vendors must prevent 6G fragmentation by cooperating in the pre-standard phase, according to the report.

The report, 6G: Preparing for What’s Coming in 2030, examines the different technologies that currently constitute 6G research efforts, as well as some of the use cases that will be enabled by next-generation networks. It also examines the possibility of a fragmented standard if stakeholders do not cooperate during the pre-standard phase, and offers key recommendations for mobile companies, developers, and governments in the years leading to a 6G launch. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-explores-opportunities-for-the-home-robot-market

Guidehouse Insights Explores Opportunities for the Home Robot Market

 

A new report from Guidehouse Insights explores the market landscape and potential for home robots.

Despite optimistic product launches from prestigious high-tech companies and start-ups, the market for robots in the home has had limited success to date. However, there is reason for hope—according to a new report from Guidehouse Insights, with the success of at least one home robot application and the growth of others, confidence is high for more applications in the future. The in-home navigation technology developed for robotic vacuums—the primary success story for home robotics—has enabled other applications, including social robots and home healthcare robots, which serve certain niche markets with highly customized human-like interactions, and robots designed to enhance the smart home’s capabilities.

“Home robots have the potential to make life more convenient and fulfilling in the early 21st century, removing drudgery and increasing free time, as household appliances did for families in the 20th century,” says William Hughes, principal research analyst with Guidehouse Insights. “The transition to using more robots in the home will likely be slower than many might wish but it is unstoppable.”

The technology embedded in robotic vacuums enables other home robot categories. In addition to home maintenance, some robots are useful for consumers who need help carrying items, for food preparation, and for home healthcare. A new and interesting category is robots designed to enhance smart home functionality by bringing a voice-activated speaker closer to the user, offering a moveable security camera, and providing social engagement options, according to the report.

The report, Expanding the Market for Home Robots Beyond Smart Vacuums, explores the status of the myriad applications for robots in the home, examines the implications for the adoption of home robot applications, and looks at factors that will likely affect smart home adoption. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-estimates-global-market-for-hydrogen-transport-and-delivery-technology-will-grow-at-a-compound-annual-growth-rate-of-20%-through-2031

Guidehouse Insights Estimates Global Market for Hydrogen Transport and Delivery Technology Will Grow at a Compound Annual Growth Rate of 20% Through 2031

 

A new report from Guidehouse Insights explores the market potential for hydrogen transport and delivery technologies. It covers the mediums for transporting hydrogen, including via pipeline, via ship, and via road.

With the estimated global demand for all forms of hydrogen expected to increase two-fold by 2030 and approximately five-fold by 2050 over 2020 demand, the infrastructure for its generation, transport, distribution, and storage must also scale. Integral to this growth is low-cost production of low carbon hydrogen, which requires inexpensive renewable energy resources or access to carbon capture and storage infrastructure. According to a new report from Guidehouse Insights, the global market for hydrogen transportation development is expected to grow at a compound annual growth rate (CAGR) of 19.8%, from an estimated 4.5 Mt H2 in 2022 to 22.8 Mt H2 by 2031.

“A hydrogen transportation infrastructure is required to ensure that hydrogen produced in one region can be delivered to a demand site in another, and is imperative for facilitating global trade,” says Shantanu Chakraborty, senior research analyst with Guidehouse Insights. “The decision whether to opt for pipelines or ships, or both, will be contingent upon the distance between the two countries participating in the trade, and the amount of hydrogen to be transported.”

Governing the selection of the hydrogen transport medium are factors such as the quantity of hydrogen to be supplied, the presence of an existing infrastructure, and the cost-effectiveness of the transportation technology. The need to expand the hydrogen transportation infrastructure is buttressed by hydrogen’s decarbonization potential, the increasing demand for green hydrogen, the possibility of reusing existing infrastructure or networks, and the growth in international hydrogen trade, according to the report.

The report, Hydrogen Transport and Delivery, analyzes the market potential for hydrogen transport and delivery technologies. It describes the status of the emerging hydrogen economy and the potential growth of its infrastructure. The report covers North AmericaEuropeAsia PacificLatin America, and the Middle East & Africa and includes a 10-year outlook through 2031. It also provides insights on market drivers and barriers and technology trends in the hydrogen transport and delivery technologies market. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-estimates-commercial-digital-building-connectivity-market-will-grow-at-a-compound-annual-growth-rate-of-over-9%-through-2031

Guidehouse Insights Estimates Commercial Digital Building Connectivity Market Will Grow at a Compound Annual Growth Rate of Over 9% Through 2031

 

A new report from Guidehouse Insights analyzes IT-based digital technologies, such as internet protocol (IP)-based BMS and sensor networks, that manage intelligent or smart buildings. Market estimates are broken down by region and segment, and extend through 2031.

According to the International Energy Agency (IEA), buildings account for half of electricity demand worldwide, and intelligent building design is important for energy reduction. Amidst the global effort for a sustainable climate, digital technology has taken a central role in designing sustainable buildings. According to a new report from Guidehouse Insights, the commercial digital building connectivity market is anticipated to grow to $16.4 billion in 2031 at a compound annual growth rate (CAGR) of 9.3%.

“Digitally enabled intelligent buildings can technologically support the comfort and safety of occupants,” says Young Hoon Kim, senior research analyst with Guidehouse Insights. “These intelligent buildings can also contribute to energy savings by leveraging digital technology, as many occupied buildings consume high amounts energy.”

Digital technologies, such as cloud computing and wireless connection, optimize building management systems’ (BMSs’) operation and connectivity while ensuring energy efficiency and occupant comfort in intelligent buildings. Emerging technologies, such as AI and wireless connection, have further driven the technological innovation of intelligent buildings. AI is beginning to converge with BMS, and innovative technology improves wireless networks’ reliability and scalability, according to the report.

The report, Digital Building Connectivityhttps://guidehouseinsights.com/reports/market-data-Smart-Streetlighting, analyzes IT-based digital technologies, such as IP-based BMS and sensor networks, that manage intelligent or smart buildings. The estimates are broken down by region and segment as follows: cloud BMS, non-cloud BMS, HVAC control components, HVAC control sensors, lighting control components, lighting control sensors, wired sensors, and wireless sensors. Estimates extend through 2031. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-anticipates-annual-deployments-of-smart-streetlights-will-grow-at-a-compound-annual-growth-rate-of-nearly-22%-through-2031

Guidehouse Insights Anticipates Annual Deployments of Smart Streetlights Will Grow at a Compound Annual Growth Rate of Nearly 22% Through 2031

 

A new report from Guidehouse Insights explores emerging smart streetlight trends applied to public road and pathway luminaires that allow for operation to be tailored, modified, and monitored remotely. Estimates are provided across global regions.

Smart streetlighting continues to be one of the leading smart city technologies in terms of both completed deployments and annual revenue. The use of smart controllers and photocells on streetlights to save on energy use has become common place among medium and large cities, and demand is only expected to increase as barriers to entry continue to lower. According to a new report from Guidehouse Insights, annual deployments of smart streetlights are expected to rise from 5.8 million units in 2022 to 33.5 million by 2031 representing a compound annual growth rate (CAGR) of 21.6%.

“Because of shifts in municipal service priorities and new financial stresses on cities, demand for the technology grew to new highs throughout the coronavirus pandemic, with suppliers reporting records in both the number of requests for proposal and requested project size,” says Grant Samms, research analyst with Guidehouse Insights. “In addition, cities are increasingly utilizing smart streetlights to host additional equipment like air quality sensors, congestion monitoring devices, and smart cameras.”

The ability to support the deployment of smart city Internet of Things (IoT) devices plays a key role in rising demand, as smart streetlights are ubiquitous and already equipped with power and data backhaul. Many smart streetlight vendors are designing plug and play units that can convert a legacy lighting fixture to a smart streetlight while setting a foundation for future IoT expansion, according to the report.

The report, Market Data: Smart Streetlighting, provides market estimates for public smart streetlighting and excludes sales of LED luminaire or lamps themselves. Information provided is based on primary and secondary market research on shipments of connected control nodes for streetlights and consists of three component markets: controls and communications hardware, software applications, and services for hardware and software integration. An executive summary of the report is available for free download on the Guidehouse Insights website.

guidehouse-insights-estimates-more-than-1.2-million-automated-trucks-and-buses-will-be-deployed-globally-each-year-by-2032

Guidehouse Insights Estimates More Than 1.2 Million Automated Trucks and Buses Will be Deployed Globally Each Year by 2032

 

A new report from Guidehouse Insights explores the size of global and regional markets for medium- and heavy-duty commercial vehicles in various segments with highly automated driving capability.

One of the many secondary effects of the pandemic has been a shortage of labor in many areas including truck drivers. Development of automated driving systems (ADS) technology has continued throughout the now two-year-old global pandemic and in many market segments is seen as more essential than ever. According to a new report from Guidehouse Insights, more than 1.2 million automated trucks and buses are expected be deployed globally each year by 2032.

“Multiple pilot deployments of automated trucks and buses of various types are already occurring in numerous countries around the world,” says Sam Abuelsamid, principal research analyst with Guidehouse Insights. “All are still relying on safety operators although a few driverless tests have occurred.”

However, many of these are expected to become commercialized driverless operations, primarily for long-haul trucking, last-mile deliveries, and middle-mile deliveries by 2025. Truck-driving applications are in many ways much more predictable than robotaxis or personal vehicles, so deploying ADS is expected to be easier because the operational design domains (ODD) are more restricted, according to the report.

The report, Market Data: Automated Trucks and Buses, evaluates the potential sales and fleet deployments of Level 4 and Level 5 (as defined by SAE International standard J3016) automated trucks and buses through 2032. These are vehicles that can be operated without continuous human supervision or intervention while within their ODD. The projections are split between goods delivery vans, rigid trucks, semi tractors, transit and coach buses, and shuttle buses. An executive summary of the report is available for free download on the Guidehouse Insights website.