Food and Agriculture Technology and Product Market Size Forecast to Reach $981.6 Billion by 2026 The Increasing Demand for Processed Food and Livestock Driving the Growth of Food & Agriculture Technology and Products Market.
BriefingWire.com, 6/09/2021 - The Food & Agriculture Technology and Product Market size is forecast to reach $981.6 billion by 2026, growing at a CAGR of 8.89% during the forecast period 2021-2026. Food and agriculture have started using advanced technology and precision agriculture and robotic systems which allows their businesses to be more profitable, efficient and environment friendly. They use various technologies such as robots, temperature and moisture sensors, aerial images and GPS Technology. The increased demand for convenience food products and live-stock merchandise is majorly driving the expansion of Food & Agriculture Technology and Product Market. Other factors such as increasing government i
The "Electric Bus Market by Propulsion (BEV, PHEV & FCEV), Application (Intercity & Intra-city), Consumer Segment (Fleet Operators & Government), Range, Length of Bus, Power Output, Battery Capacity, Component, Battery type & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
Research and Markets: World Electric Bus (BEV, PHEV & FCEV) Market Report 2021-2027: New Revenue Pockets in Asia-Pacific and Northern Europe - ResearchAndMarkets.com
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The global electric bus market size is projected to grow from 81 thousand units in 2021 to reach 704 thousand units by 2027, at a CAGR of 43.1%.
The advancements in battery pack technologies and electric powertrains are some of the major factors driving the growth of the electric bus and coach market. Many countries are focusing on the electrification of their mass transit solutions, especially buses and coaches.
Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to make fuel-efficient and environment-friendly buses.