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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 mb/d in 2023, according to the forecast. Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. mb/d in 2022 to 2.2

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S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

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years, up by more than three months over 2022, according to the latest analysis from S&P Global Mobility. million units in 2023, according to S&P Global Mobility forecasts, which is expected to curb the rate of average age growth in the coming year. The newest Channel Forecast is set to be published in June.

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Lucintel forecasts global automotive sensors industry to reach approximately $18.8B in 2017; 9.3% CAGR

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Lucintel, a mass transportation consulting and market research firm, forecasts that the global automotive sensors industry will reach approximately $18.8 billion in 2017, reflecting a compound annual growth rate (CAGR) of 9.3%.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4 The levelized cost of electricity (LCOE) from new PV plants is forecast to fall a further 71% by 2050, while that for onshore wind drops by a further 58%. Coal’s share in primary energy in 2017 fell to 27.6%, the lowest since 2004.

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Pike forecasts global investment in intelligent transportation systems will total $13.1B through 2017

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Forecast global spending on ITS. In a new report, Pike Research focuses on four key smart transportation sectors—traffic management systems; smart charging for plug-in electric vehicles; public transportation systems; and vehicle-to-vehicle systems—and forecasts a global investment in these totaling $13.2

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Forecast: global Driver Assistance Systems revenues to reach $460B in 2017

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Global advanced driver assistance systems (ADAS) revenues are expected to grow from $22.7 billion in 2017, according to a new report from ABI Research. Asia-Pacific will remain the leading ADAS market throughout the forecast period. billion in 2012 to $460.8

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Pike Research forecasts global fuel cell industry to reach $15.7B in 2017

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In its Fuel Cells Annual Report 2012 , Pike Research forecasts that the fuel cell industry—including all applications in the stationary, portable, and transport sectors— will reach $15.7 billion in 2017. The global fuel cell industry posted a compound annual growth rate (CAGR) of 83% during the period from 2009 to 2011.

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