Author: sHq_LoGiNz

The electric car market is anticipated to expand at a rapid pace due to growing global awareness of climate change, and the urgent need to reduce carbon emissions.

WESTFORD, Mass., Aug. 8, 2025 /PRNewswire/ — SkyQuest Technology Consulting published a report, titled, ‘Electric Car Market – Global Opportunity Analysis and Industry Forecast, 2025-2032′, valued at USD 738.5 Billion in 2024. With a projected CAGR of 9.8% from 2025 to 2032, the market is expected to reach USD 1558.72 Billion by the end of 2032. Growing awareness of climate change and the detrimental effects of air pollution from internal combustion engine (ICE) vehicles is a primary driver. Governments worldwide are implementing stricter emission regulations to combat this, pushing manufacturers and consumers towards cleaner alternatives like EVs.

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Electric Car Market Dynamics:

The electric car market is poised for rapid expansion, particularly in India, driven by a powerful confluence of factors. Governments, including the Indian government, are actively pushing for this shift through supportive policies and significant incentives.

For instance, India’s recent EV policy drastically reduces import duties for global automakers committing to local manufacturing, aiming to attract major players like Tesla and fostering a robust domestic EV ecosystem. Schemes like FAME II (which concluded and has been succeeded by others like PM E-DRIVE) and PLI schemes continue to incentivize both the purchase of EVs and their localized production, including critical components like batteries.

Recent Developments in Electric Car Market

• In January 2024, JSW Group and SAIC Motor form JSW MG Motor India. This pivotal joint venture saw the Indian conglomerate JSW Group acquire a substantial stake in MG Motor India. The collaboration’s goal is to significantly localize production, broaden MG’s electric vehicle portfolio in India, and rapidly scale up manufacturing capabilities to meet the country’s booming EV demand.
• In April 2024, Hyundai Motor and Kia Forge Strategic Partnership with Exide Energy for EV Battery Localization in India. In a crucial move for the Indian market, Hyundai Motor Company and Kia Corporation signed a Memorandum of Understanding (MOU) with Exide Energy Solutions Ltd., a leading Indian battery company. This partnership focuses on localizing EV battery production, specifically for lithium-iron-phosphate (LFP) cells, aiming to equip future Hyundai and Kia EV models in India with domestically produced batteries to enhance cost competitiveness.
• In June 2024, Hubject and Exicom Announce Strategic Partnership in India EV Market. Hubject, a global leader in EV interoperability, entered a strategic partnership with Exicom, India’s largest EV charger manufacturer. This collaboration aims to significantly improve the EV charging experience for drivers in India by leveraging Hubject’s interoperability technology, including its intercharge platform and Plug&Charge capabilities, to make charging more seamless and reliable.

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Major Challenges in Electric Car Industry

One of the primary hurdles for mass EV adoption is the higher initial purchase price compared to traditional internal combustion engine (ICE) vehicles. This is largely due to the expensive battery pack, which constitutes a significant portion of the EV’s overall cost. Despite government subsidies and a shrinking price gap, for many Indian consumers, the upfront investment remains a considerable barrier. This higher cost also impacts related expenses, such as EV insurance, which can be more expensive.

Competitive Landscape:

The competitive landscape of the market is dynamic and rapidly evolving, marked by the strong presence of established automakers, the emergence of innovative startups, and the entry of global players. While various segments exist, the passenger EV and two/three-wheeler segments are particularly competitive. For instance, in June 2025, Kadam Mobility and TVS Motor Company joined forces to deploy 500 TVS King EV MAX electric three-wheelers across India by FY2026.

The major players in the electric car industry include,

• Tata Motors
• JSW MG Motor India
• Mahindra & Mahindra (M&M)
• Ola Electric
• TVS Motor Company
• Bajaj Auto
• Ather Energy
• Hyundai Motor India
• BYD India
• Piaggio Vehicles
• Hero Electric/Hero MotoCorp (Vida)
• Kinetic Green

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Electric Car Market Segmentation: 

The global electric car market is segmented into power output, component, charging point type, driving range, car type, price range, end user and region. Based on propulsion type, the market is segmented into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV) and fuel cell electric vehicle (FCEV). Based on car type, the market is segmented into Hatchback, SUV, sedan, sports car and others. Based on driving range, the market is segmented into short-range electric cars, mid-range electric cars and long-range electric cars. Based on charging point type, the market is segmented into AC and DC. Based on component, hardware, software and services. Based on power output, the market is segmented into less than 100 kw, 100 kw to 250 kw, and more than 250 kw. Based on price range, the market is segmented into low-priced, mid-priced and luxury. Based on end user, the market is segmented into private users and commercial users. 

• By propulsion type, battery electric vehicle (BEV) dominate due to increasing environmental regulations, longer driving ranges, and expanding charging infrastructure.
• By car type, SUV lead the segment owing to consumer preference for larger vehicles with more space, safety features, and versatility.
• By driving range, mid-range electric cars are most popular as they offer a practical balance between affordability and sufficient range for daily use.
• By charging point type, DC segment dominates due to its unparalleled ability to offer rapid replenishment of an electric vehicle’s battery.
• By component, software leads due to its pivotal role in controlling battery management systems, telematics, and driver-assistance features.
• By power output, 100 kW to 250 kW dominates due to its ability to strike an optimal balance between vehicle performance, efficiency, and affordability.
• By price range, mid-priced dominates due to its ability to balance cost-effectiveness with performance and functionality.
• By end user, private users dominate due to the increasing personal environmental consciousness of individuals and the significant long-term economic benefits derived from lower fuel and maintenance costs compared to traditional vehicles.

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Regional Insights

The Asia Pacific region, particularly China, holds the largest share of the global electric car market. This dominance stems from substantial government support, a robust domestic manufacturing ecosystem, and high consumer demand driven by diverse and often more affordable EV options.

North America, primarily the United States, is experiencing accelerating growth. This surge is propelled by supportive government policies like the Inflation Reduction Act, which offers substantial tax credits and incentivizes domestic EV and battery manufacturing.

Europe is a strong performer in the market, with its significant EV adoption driven by ambitious CO2 emission targets set by the European Union, which compel automakers to increase their EV offerings, alongside various national-level incentives.

LAMEA region is an emerging growth hub. Its expansion is increasingly fuelled by proactive government policies, the influx of more affordable EV imports, and a rising awareness of sustainable transportation solutions across developing economies.

Explore Extensive ongoing Coverage on Related Topics:

• Electric Scooter Market: https://www.skyquestt.com/report/electric-scooter-market
• Electric Truck Market: https://www.skyquestt.com/report/electric-truck-market
• Electric Bus Market: https://www.skyquestt.com/report/electric-bus-market
• US Electric Vehicle Market: https://www.skyquestt.com/report/us-electric-vehicle-market
• Electric Vehicle (EV) Market: https://www.skyquestt.com/report/electric-vehicle-market
• Electric Traction Motor Market: https://www.skyquestt.com/report/electric-traction-motor-market

About SkyQuest Technology Consulting

SkyQuest Technology Consulting is a leading Strategy Consulting and Market Research firm, provides syndicated as well as customized research reports and growth consulting services, trusted by CXOs from Fortune 500 Companies, Start-ups, and MSMEs. The company comprises a team of expert research analysts and consultants, adding more than 1200 market research reports in our database each year. These reports offer in-depth analysis on 40+ industries & sub industries across 25 major countries worldwide, serving global clients across diverse industries. The company specializes in delivering customized intelligence, data-driven insights, and strategic advisory services that enable businesses to stay competitive and make informed decisions in rapidly evolving industries.

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VAN BUREN TOWNSHIP, Mich., Aug. 8, 2025 /PRNewswire/ — Visteon Corporation (NASDAQ: VC) announced today that it is scheduled to participate in the following upcoming investor events in the third quarter of 2025: 

• J.P. Morgan Auto Conference, New York, NY – August 12, 2025
• Raymond James Industrial Showcase, Virtual Event – August 14, 2025
• Deutsche Bank IAA Cars Conference, Munich, Germany – September 8, 2025
• RBC Capital Markets Global Industrials Conference, New York, NY – September 16, 2025

Please note that event participation and specific dates are subject to change. For the latest information, please visit the IR website.

About Visteon

Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The company’s state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 18 countries, employing a global network of innovation centers and manufacturing facilities. In 2024, the company recorded annual sales of approximately $3.87 billion and secured $6.1 billion in new business. For more information, visit visteon.com.

Kris Doyle
Investor Relations
investor@visteon.com

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BEVERLY HILLS, Calif., Aug. 8, 2025 /PRNewswire/ — The medical aesthetics industry is booming — but without strong regulation and safety oversight, patients and providers are left vulnerable. In two compelling new episodes of her acclaimed podcast, In Touch with Terri: Trade Secrets for Medical Aesthetics, renowned medical aesthetics business strategist Terri Ross takes a fearless, insider’s look at the critical safety and accreditation issues shaping the industry right now.

In “Global Accreditation for Non-Surgical Aesthetics: Raising the Bar on Safety and Standards”, Terri sits down with Thomas Terranova, CEO of Quad A, the globally recognized accreditation body for surgical and non-surgical practices. Together, they unveil Quad A’s groundbreaking initiative to create a worldwide accreditation framework for non-surgical medical aesthetic practices such as med spas — an unprecedented move to bridge the dangerous regulatory gap in this fast-growing field.

The episode highlights:

• Why med spas are growing faster than regulations can keep up
• How Quad A’s initiative could transform patient trust and safety
• The steps every provider should take now to meet future safety benchmarks
• Why “making safety sexy” is the key to consumer engagement

In “The State of Med Spa Safety: Time to Regulate, Elevate, and Educate”, Terri takes the mic solo to deliver a candid, urgent call-to-action for the industry. Prompted by recent national attention — including a scathing segment by John Oliver — she breaks down the truth about med spa regulation, or lack thereof, and what it means for patient safety and business integrity.

The episode explores:

• The misleading perception of the term “med spa” and its lack of legal definition
• How unchecked delegation and pop-up med spas put patients at risk
• Why regulation should be seen as a growth opportunity, not a threat
• Steps providers can take immediately to elevate safety and operational standards

“The business of aesthetics is serious. If you want to play, you’ve got to play big, smart, and fast,” Ross warns. Her message is clear: forward-thinking providers will embrace these changes now — before regulations arrive at their doorstep.

With decades of experience, from running a top Beverly Hills med spa to consulting with leading practices worldwide, Terri Ross is uniquely positioned to guide this industry through its next evolution. She is available to discuss these urgent issues, the new Quad A accreditation initiative, and the future of safety and regulation in medical aesthetics.

For more information, visit terrirossconsulting.com. Terri’s podcast, In Touch with Terri: Trade Secrets for Medical Aesthetics is available on all major podcast platforms.

Media Contact:
Carrie Saks
399400@email4pr.com 
713-679-1782

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DELRAY BEACH, Fla., Aug 8, 2025 /PRNewswire/ — The second life EV battery market is estimated at ~25-30 GWH in 2025 and is projected to reach ~330-350 GWH in 2030 at a CAGR of ~65% during the forecast period, according to a new report by MarketsandMarkets. The growing adoption of electric vehicles (EVs) is expected to fuel a multibillion-dollar market for second-life batteries by 2030, particularly those based on lithium iron phosphate (LFP) chemistry. LFP batteries are ideal for stationary applications like grid energy storage, residential systems, EV charging stations, and data centers due to their inherent safety, long cycle life, and favorable cost-effectiveness. The declining cost of second-life batteries enhances economic viability, especially as new battery prices fall. At the same time, their reuse supports a circular economy by reducing the CO2 emissions by several tonnes annually and mitigating raw material scarcity. However, several critical challenges could hinder the recovery and repurposing process, including the absence of standardized protocols for accurately assessing battery health, the complexities of integrating these batteries into diverse applications, existing regulatory ambiguities, fragmented supply chains, and inadequate reverse logistics infrastructure.

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75 – Tables
19 – Figures
104 – Pages

Utility-scale grid services hold the largest share of the second-life EV battery market.

Utility-scale grid applications dominate the actual usage of the second-life EV battery market. These repurposed batteries are attractive for grid applications due to their cost advantage (up to 70% cheaper than new batteries in 2025) and their suitability for less-demanding, lower-cycle stationary uses, such as grid balancing, renewable energy integration, and backup power. Further, these batteries also excel in frequency regulation, peak shaving, and power arbitrage by leveraging their residual capacity for 100-300 cycles annually. Most global players utilize these batteries for energy storage, leveraging renewable energy sources like solar and wind power. Major OEMs such as Volvo, BMW, Nissan (in collaboration with Sumitomo), and Volkswagen are partnering with energy providers and startups to repurpose retired EV batteries for stationary storage projects. For example, Volkswagen Group’s partnership with Audi and the energy company, E.ON, has initiated projects using used EV batteries to stabilize grid loads and manage peak demand.

With the strategic shift away from coal-powered electricity, microgrids supported by solar and wind farms are expected to experience significantly higher demand for second-life EV batteries across Europe, the US, China, and other Asian countries for grid-scale energy storage. In addition, advancements in battery management, modular system design, growing policy momentum for the circular economy, and energy security would prompt the demand for second-life EV batteries for this application. Although the environmental advantages are significant, the dependence on subsidies (like EU & US DOT grants) and volatile electricity prices may limit profitability, leading to growth that is mainly concentrated in specific regions. In case costs decrease further or supportive policies are constantly updated, the demand for second life EV batteries is likely to expand in commercial & residential storage as well.

Lithium-ion batteries exhibit the maximum demand in the second-life EV battery market.

Lithium-ion battery technology dominates the market, as more than 95% of electric vehicles, including passenger and commercial vehicles, are installed with this battery technology. Decades of advancements have led to their high energy density, long lifespans, and quick charging & decreasing cost is also expected to make it more affordable and accessible to consumers.

Lithium-ion batteries are advantageous for second-life applications due to their predictable state of health (SoH) retention and established performance benchmarks. Repurposers plan their testing and sorting strategies based on dominant chemistries (LFP and NMC) using tailored diagnostics that assess capacity, internal resistance, cycle count, and safety parameters aligned with each chemistry’s characteristics. LFP batteries often require less intensive safety testing, while NMC batteries demand more rigorous monitoring due to their higher energy density and sensitivity to degradation. These focused testing protocols help maximize utilization, reliability, and safety in various second-life applications such as grid storage and commercial energy solutions. The continued predominance of lithium-ion technology is expected to remain strong, with second-life battery applications playing a vital role in advancing the global energy transition. Advancements in battery management systems, advanced diagnostic tools, and digital tracking solutions will further enhance the effectiveness and profitability of battery repurposing companies focused on this battery technology. However, there are certain challenges with this battery chemistry. For instance, if some supply-related drift (like 20% price hikes in 2024) and safety-related concern persists, the traction may shift to other alternatives like nickel-zinc or flow batteries. Also, it provides high energy density, but exhibits annual capacity loss of around 2-3% under typical usage, and inconsistent performance among batches, facing consistency and reliability issues, and challenges to reach ~250 GWH demand estimates by 2030.  Though it carries significant cost benefits, their long-term viability depends heavily on the scalability of recycling processes, and government programs might impact unregulated markets.

North America is expected to be the leading market in terms of the installed capacity of second life EV batteries.

North America leads in installations due to its advanced grid infrastructure and strong policy incentives. These second-life EV batteries are likely to be used at data center stationary energy storage, microgrids for telecommunications and commercial backup, EV charging buffer systems, and domestic solar and grid-support systems. The US is the leading market in the region, with one of the most extensive retired battery stocks in the coming years that can be repurposed for various applications. Projects are consistently scaling, with single sites exceeding 50–60 MWh, and pipelines of new installations in development. Redwood Materials (US) operates the largest microgrid using second-life EV batteries with 63 MWH capacity in Nevada, powering a data center. It also has a pipeline of>1 GWh for various stationary applications. Other regional companies like Moment Energy, B2U Storage Solutions, and Smartville are scaling up production and deploying second-life EV battery systems for energy storage. Additionally, the region is poised to experience an emergence in the second life EV battery storage investments, propelled by ambitious government programs and large-scale industry initiatives. All these factors would lead North America to redirect hundreds of GWh per year of spent EV batteries into second life storage assets, gaining substantial environmental and economic gains by the decade’s end.

Key Market Second Life EV Battery Industry:

Prominent players in the Second Life EV Battery Companies include Tesla, Volvo, Toyota Motor Corporation, BMW Group, Nissan Motor Corporation, Connected Energy, B2U Storage Solutions, and Rejoule.

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This report provides insights on:

• Analysis of critical technology roadmap parameters such as battery assessment & testing approaches, cell-level & algorithm-based battery management system, various system integration techniques, and software platform strategies
• Market Development: Comprehensive market information (the report analyzes & recommends the most dominant application demand across the considered regions under the scope)
• Market Diversification: Exhaustive information about strategic collaborations, potential geography expansion, recent projections & their capacity, and investments in the second-life EV battery industry
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product/technology offerings of leading OEMs & battery storage specialists such as Tesla, Volvo, Toyota Motor Corporation, BMW Group, Nissan Motor Corporation, Connected Energy, B2U Storage solutions, and Rejoule.

Related Reports:

EV Battery Recycling Market

EV Battery Market

EV Battery Testing Market

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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.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
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MarketsandMarkets™ INC.
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DELRAY BEACH, Fla., Aug 8, 2025 /PRNewswire/ — The report “Polybutylene Adipate Terephthalate Market by Grade, Application (Films, Sheets & Bin Liners, Coatings & Adhesives, Molded Products, Fibers), End-use Industry (Packaging, Consumer Goods, Agriculture, Bio-medical), and Region – Global Forecast to 2030″, global PBAT market is expected to reach USD 2.76 billion by 2030 from USD 1.51 billion in 2025, at a CAGR of 12.8%.

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228 – Tables
41 – Figures
242 – Pages

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The growing need for biodegradable and compostable plastics in the consumer goods, packaging, and agricultural sectors is propelling the global market for PBAT. Because of its high elongation, flexibility, and compostability, PBAT is a popular substitute for conventional plastics. The adoption of PBAT is being accelerated by growing government regulations that forbid single-use plastics in areas like Europe, North America, and the Asia Pacific. Key growth drivers include laws requiring compostable packaging, policies encouraging extended producer responsibility (EPR), and goals to reduce plastic waste.

The market is expanding due to a combination of regulatory support, rising consumer awareness of sustainability, and demand for environmentally friendly packaging options. The material’s market appeal is increased by its suitability for industrial composting and compatibility with PLA and starch. To keep up with the growing demand, top manufacturers are increasing their production capacities, especially in China, South Korea, Germany, and the US. The market is also being driven by corporate commitments to sustainability, the development of composting infrastructure, and technological advancements. Nonetheless, issues like increased production costs and inadequate composting infrastructure in developing nations continue to exist. Strong environmental, regulatory, and consumer trends are expected to propel the growth of the global PBAT market.

Extrusion segment to record the highest CAGR in the PBAT market during the forecast period

The extrusion segment is expected to grow at the fastest rate during the forecast period, due to its wide range of applications and compatibility with biodegradable polymers. Extrusion is a vital process in several industries, including packaging, agriculture, and hygiene products, as it is commonly used to produce films, sheets, and agricultural mulch films. PBAT is particularly well-suited for extrusion-based applications due to its excellent processability, flexibility, and tear resistance, especially when combined with PLA or starch. The demand for PBAT-based extruded products is driven by the growing global emphasis on replacing single-use plastic films with compostable materials. This trend is particularly strong in Europe, North America, and the Asia Pacific regions, where regulations mandate the use of compostable materials for bags and packaging. Additionally, the rise of eco-conscious brands and retailers opting for sustainable packaging is fueling the demand for PBAT films in applications such as food packaging, shopping bags, and waste bags. To enhance film quality and production efficiency, manufacturers are increasingly investing in advanced extrusion lines specifically designed for biodegradable resins. The adoption of PBAT in the agricultural sector is also speeding up as more sustainable practices are embraced, such as the use of compostable mulch films. This segment is well-positioned to significantly contribute to the rapid growth of the PBAT market, supported by increasing end-user industries, stringent plastic regulations, and technological advancements in extrusion processing.

Films, sheets, & bin liners segment to account for the largest share of the PBAT market during the forecast period

Over the forecast period, the films, sheets, and bin liners segment is expected to hold the largest share in the global PBAT market. The widespread use of PBAT in consumer goods, packaging, and agriculture—where flexibility, durability, and compostability are essential—drives this dominance. PBAT is ideal for products such as shopping bags, trash bags, food packaging films, and agricultural mulch films due to its exceptional mechanical properties, including high elongation at break, tear resistance, and compatibility with other biodegradable polymers. Governments around the world, especially in Europe, North America, and the Asia Pacific region, have implemented bans on traditional plastic bags and mandated the use of biodegradable alternatives. This has led to an increased demand for PBAT films. Additionally, these films are favored for residential and commercial waste disposal applications because of their environmental benefits and ease of processing. In the agricultural industry, PBAT-based mulch films present a more sustainable alternative to conventional polyethylene films, as they can break down in soil without harming crops. The growing emphasis on packaging and sustainability trends, particularly in the food service and retail sectors, is further driving the demand for PBAT-based films and sheets. As a result, this segment represents the largest source of revenue within the overall PBAT market, reflecting its strong and diverse demand.

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North America to register the second-highest CAGR in terms of value and volume during the forecast period

Due to a strong regulatory push, increasing consumer awareness, and rising demand for sustainable packaging, North America is expected to register the second-highest CAGR in the global PBAT market during the forecast period. In response to growing concerns about plastic waste and environmental sustainability, the region—especially the US and Canada—is rapidly shifting toward compostable and biodegradable alternatives. Key factors for this shift include the implementation of state and local plastic bans, such as California’s SB 54 and Canada’s national single-use plastic ban, which are driving significant demand for PBAT-based applications. The demand for PBAT is further bolstered by the rise of environmentally friendly retail practices, the increasing use of biodegradable products in e-commerce and retail, and the growing adoption of sustainable foodservice packaging. Additionally, North America’s advanced waste management systems and rising investments in industrial composting infrastructure facilitate the implementation of PBAT in various industries, including waste bags, shopping bags, agricultural films, and food-contact materials.

Key Players

Prominent companies in this market include BASF SE (Germany), Chang Chun Group (China), Kingfa Sci. & Tech. Co., Ltd. (China), Novamont S.p.A. (Italy), GO YEN CHEMICAL INDUSTRIAL CO LTD (Taiwan), Anhui Jumei Biological Technology Co., Ltd. (China), Hangzhou Peijin Chemical Co., Ltd. (China), Jin Hui Zhao Long High Tech Co., Ltd. (China), T.EN Zimmer GmbH (Germany), Mitsui Plastics, Inc. (US), Zhejiang Baidigorei Biomaterials Co., Ltd. (China), Hengli Group Co., Ltd. (China), Junyuan Petroleum Group (China), Qingdao Zhoushi Plastic Packaging Co., Ltd. (China), Red Avenue New Materials Group Co., Ltd. (China), SGA POLYCHEM PVT LTD (India), Xinjiang Blue Ridge Tunhe Sci. & Tech. Co., Ltd. (China), Taprath Elastomers LLP (India), Easy Flux (India), Entec Polymers (US), Indocal (India), Yuvika Green Earth Solutions (India), Ningbo Changhong Polymer Scientific and Technical Inc. (China), Polyrocks Chemical Co., Ltd. (China), and Shandong Dawn Polymer Co., Ltd. (Dawn Group) (China).

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Get access to the latest updates on Polybutylene Adipate Terephthalate Companies and Polybutylene Adipate Terephthalate Market Size

Browse Adjacent Market: Green Bio Chemicals Market Research Reports & Consulting

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Biodegradable Plastics Market – Global Forecast to 2029

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 Hexane Market – Global Forecast to 2027

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 Polyethylene Furanoate (PEF) Market – Global Forecast to 2028

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. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

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SOURCE MarketsandMarkets

SHANGHAI, Aug. 8, 2025 /PRNewswire/ — Envision Energy, a global leader in green technology, has been ranked 4th globally in Wood Mackenzie’s newly released 2024 Global Battery Energy Storage System (BESS) Integrator Rankings, confirming its position as one of the most competitive and trusted energy storage solution providers in the world. The company has also maintained its position as a Tier 1 global energy storage manufacturer by BloombergNEF for six consecutive quarters, reinforcing its consistent leadership in technology, delivery, and bankability.

According to Wood Mackenzie’s report, Envision Energy was one of the few players to expand its market share amid intensifying market competition and a rapidly shifting energy landscape. While the combined market share of the top five BESS integrators declined from 62% in 2022 to 48% in 2024, Envision’s continued growth reflects its ability to scale globally and deliver advanced, integrated storage systems tailored to diverse regional needs.

Recognition from both Wood Mackenzie and BloombergNEF reinforces Envision’s leadership in full-stack energy storage innovation – from battery cells to EMS and grid-forming systems. With a strong footprint across key markets including Europe, North America, and the Asia-Pacific region, Envision has delivered over 30 GWh of energy storage systems across over 300 projects worldwide, with more than 50 GWh in orders. Its advanced storage solutions are actively addressing real-world challenges such as frequency regulation, renewable integration, and black start capability, reinforcing its position as a comprehensive provider of next-generation energy storage infrastructure. 

Safety remains a top priority for the company. In July 2025, Envision successfully completed a 49-hour ultra-dense fire test on its smart energy storage system, the most demanding test of its kind globally. The system demonstrated outstanding resilience, achieving zero fire spread and setting a new benchmark for safety, scalability, and insurability in the global energy storage industry.

 

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SOURCE Envision Energy