India E-Rickshaw and On-Demand Ride Hailing Market is Driven by the Increasing Need for Public Transportation for First-and Last-Mile Connectivity

As per a report by a market research institution, P&S Intelligence, the India e-rickshaw and on-demand ride hailing market is expected to reach more than 4 million units on the road, propelling at a 10.8% compound annual growth rate, by 2030.

India E-Rickshaw and On-Demand Ride Hailing Market - In-Depth Analysis@ https://www.psmarketresearch.c....om/market-analysis/i

In the early 2010s, E-rickshaws became increasingly popular in India as they began operating in the suburban and urban regions of Delhi-NCR, as well as towns in Bihar, West Bengal, and Uttar Pradesh. These electric-powered vehicles serve as zero tailpipe emission alternatives, providing first-/last-mile connectivity within these cities.

Moreover, the majority of e-rickshaw services in these areas were initially introduced without proper planning or as pilot projects and subsequently expanded in an unplanned manner.
The increasing pollution level in numerous cities of India, which is a serious concern for people and the government, increases the requirement for green-technology-powered automobiles for traveling.

Presently, India boasts a fleet of over one million e-rickshaws in active operation. Over the last decade, Delhi emerged as the primary industry for e-rickshaws.

A key trend observed in the India e-rickshaw and on-demand ride-hailing market is the growing collaboration between government authorities and public bodies. With the Government of India (GOI) and state authorities taking steps to regulate the use of e-rickshaws, several initiatives are being implemented through public-private partnership arrangements.

One of the primary obstacles faced by all e-rickshaw operators in India is the unavailability and inaccessibility of charging infrastructure. This challenge significantly hampers their mobility during extended working hours and longer trips.

Furthermore, it typically takes 7-10 hours to fully charge a battery to achieve an operational range of 80-110 km, which can vary depending on the battery's load and age. The absence of regulated and fast-charging stations poses a significant challenge for drivers. As a result, they are compelled to rely on services provided by unorganized players.

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India E-Rickshaw and On Demand Ride Hailing Market, 2020-2030

Delhi was the largest market for e-rickshaws during the historical period with over 20% volume share in the India e-rickshaw and on-demand ride hailing market in 2019.

Intelligent Traffic Camera Market Will Grow Fastest in the APAC Region

It is stated by a market research professional at P&S intelligence, that the intelligent traffic camera market is set to reach a value of USD 24,465.6 million by 2030, advancing at a rate of 8.5% in the years to come.
The increasing population in key cities around the globe has led to an increased daily commuter count, thus responsible for congestion on the road, particularly in the peak hours.

Intelligent Traffic Camera Market Research Report @ https://www.psmarketresearch.c....om/market-analysis/i

Factors, such as the growing concerns regarding safety, increasing traffic congestion in cities, advance of ADAS and connected vehicles, snowballing initiatives of the government for competent traffic management systems, and growth of smart cities globally are providing momentum to the industry.
The market grew the fastest in the traffic management. The main reasons for this were advancements in technologies, such as the launch of AI-powered traffic management systems, including intelligent traffic cameras, for remotely accessing and controlling traffic lights at intersections, for a smooth traffic flow.
This supports in the optimization of traffic flow for walkers and bicyclists, thus offering them enhanced safety in the heavy traffic.

The 2–5 MP category dominated the industry, based on type. As these cameras offer HD resolution, they are employed for facial and license plate recognition, at a distance of 13 feet.
IP bifurcation will grow faster in the market. This has a lot to do with the increasing requirement for tech- advanced IP cameras delivering larger coverage and connectivity to the cloud.

Europe intelligent traffic camera market had the largest share in the past. The regional industry is powered by the progressions in the camera technology and its affordability, supporting its acceptance in the transportation system.

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Intelligent Traffic Camera Market | Industry Size, Share, Growth Forecast 2030

The global intelligent traffic camera market growing at a CAGR of 8.5% during the forecast period (2020–2030). Urban transport crisis and traffic congestion in emerging economies will fuel market growth during forecast period.

Progressing Cavity Pump Market Will Reach USD 3,366 Million by 2030

The total value of the global progressing cavity pump market was USD 2,244 million in 2022, and it will rise at a growth rate of above 5.2% shortly, reaching USD 3,366 million by 2030, according to P&S Intelligence.

Progressing Cavity Pumps Market Size and Share Analysis@ https://www.psmarketresearch.c....om/market-analysis/p

This growth can be credited to the increasing demand for such pumps in the utilization of improved oil recovery and other upriver processes, the rising concentration and steps for advancing water and wastewater supervision practices, and the growing applications in energy generation because of their cost-efficiency.

The demand for power throughout the globe is rising significantly, which, ultimately, is accountable for the growth in the requirement for fossil fuels for power production. As per the newest edition of the IEA’s semi-annual Electricity Market Report, the power requirement, which had tumbled to 1% in 2020 because of the influences of the pandemic, had grown near to 5% in 2021, and this is projected to remain growing in the future, which has been boosted by the worldwide economic recovery. Most of the demand for electricity generation mostly comes from the APAC region, largely China and India.

Wastewater recycling is very vital for dealing with water shortage and its problems. Governments in several regions are concentrating on refining wastewater supervision to deal with water shortage. Nations are accepting numerous methods of wastewater management, ecosystem-based management, and connecting industries and are receiving instant benefits from improved wastewater management.

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Progressing Cavity Pumps Market Outlook Report, 2023-2030

The progressing cavity pump market size stood at USD 2,244 million in 2022, and it is expected to grow at a compound annual growth rate of 5.2% during 2022–2030.