The automobile market has experienced a global slowdown since the beginning of 2024. However, the electric vehicle market plummeted over the period in 2024. Several constraints are behind the fall of electric vehicle sales, such as costly raw materials, inflation, and high vehicle costs.

The share of electric vehicles in total global car sales was approximately 13-15 percent, a decrease from the 18-20 percent and 14-16 percent growth figures posted in 2023 and 2022, respectively. According to industry projections, this trend is expected to continue in 2024.

The increasing cost of raw materials for EVs, including lithium-ion batteries, is the leading cause behind slow EV sales in 2024. The components, including lithium, cobalt, and nickel…

Ferro alloys play a crucial role in India’s steel industry. The manufacturing and production sector relies on ferro alloys to boost the nation's heavy industries and steel production. A survey of 2024 shows that the ferro alloys market is facing several challenges in 2024. Hence, it impacts ferro-alloys' global competitiveness due to high import tariffs, high power prices, and limited high-grade supplies to industries.

Indian economic growth relies heavily on its steel industry. Further, steel manufacturing includes ferro alloys as the primary product for more tensile strength and corrosion resistance. Adding ferro alloys to steel has even more benefits, such as refining. Therefore, ferro alloys growth in the Indian market can bring…

The global automotive industry faces multiple challenges in 2024. It is due to several other reasons apart from its affordability. Since the beginning of 2024, automotive trends have been evolving, shaking the balance of the automotive domain. A survey report of 2024 shows that the slow momentum of consumers towards the adaptability of electric vehicles may impact the green transition. Globally, the nations are focusing on transformation with renewable energies towards clean energy transition by the end of 2050. Around 50 percent of the improvement is expected to be achieved by 2030. Some leading nations, like Sweden and Denmark, are making it to the news headlines. However, the automotive sector has yet to expand its wing with e-mobility.

Europe's gas storage levels have been depleting at a faster pace over the years. In the last eight years, European gas storage has experienced a stunt decrease. The survey reports for 2024 show that the European region is experiencing depleting levels of gas storage due to several reasons. Research shows that the approaching winter of 2024 is the main driving factor behind reduced levels of European gas storage. Further, Europe's colder temperatures and reduced wind speeds are the essential factors behind the depletion of Europe's gas storage levels in 2024.

Reducing gas storage levels in Europe can lead to several other issues. Industries fear it can lead to gas shortages and increasing prices during the peak winter months in 2024. The…

Europe's wind power industry for the year 2024 seems to have antics of growth and probably other challenges while continuing with the shift towards the use of renewable energy. Development and investment activities like the European  Union's initiative Wind Power Package with enhanced policy backing resulted in the addition of around 6.4 GW of new wind power capacity during the year's first half. This package also seeks to expand supply chain capacity and ease administrative bottlenecks. For instance, Europe aspires to reach a target of 9.5 GW offshore turbines and 22.5 GW onshore turbines by 2025.

Nonetheless, the progress has been hampered by structural and economic factors. Increasing production costs, especially in steel and labor, and…

Artificial intelligence is driving all industries with cutting-edge technologies and solutions. In 2024, generative AI is transforming the markets from industrial to healthcare, technology, and others. Many reputed industrial leaders have stated that AI will transform lives in every industry sector upon the release of various gen AI tools. However, the new survey deviates from the earlier prophecies on AI's development. A study conducted in 2024 shows that not everyone in the lot is interested in AI tools.

AI is playing a crucial role in different industries. Further, gen AI's role seems to grow with users' affinity for its problem-solving feature. However, AI tools are not a part of many as the survey of 2024 estimates. It shows that 28…

Confectionary market is the robust-selling segment in the food and beverages industry. It is growing with new market trends in 2024. Confectionary industry is gaining momentum due to consumer’s growing preferences to delicacies of different desserts and sweets. A survey of 2024 shows that global confectionary market will account for USD 586.3 billion in 2024. Further, the confectionery market in anticipated to grow from 5.33 percent each year till next four years.

North America is the hub of premium confectionary trends globally due to its consumers base that demands a number of variations in the products and their taste. the major driving force of confectionary market is the region’s youth mass. Moreover, several health trends and in-home…

Geothermal energy production is multiplying in light of clean energy transition. Clean energy transition lays down several conditions to achieve a greener environment. Adopting renewable energy to replace fossil fuels brings geothermal energy into the market. Geothermal energy production in 2024 is expected to grow by 1900 percent by the end of 2050.

The increasing use of electrical energy due to the growth of technological firms and the burgeoning energy-consuming technologies, such as AI, is a significant hurdle in the world's pursuit to lower carbon emissions and switch to cleaner energy sources. This increasing demand for electricity is bound to offset any gains made in reducing greenhouse gas emissions unless deliberate measures are taken for the tech firms to harness clean energy sources and not fossil energy.

Data centers powered by renewable energy resources and operational energy-efficient practices are necessary for the efficient working of the environment. Therefore, tech companies may use renewable energy sources like solar, wind, and hydropower to minimize dependence on…

Cloud computing is an inevitable part of the tech world nowadays. Businesses are adopting cloud services to fuel operations rapidly in 2024. A study conducted in 2024 shows that 90 percent of enterprises rely on the cloud for organized work. The cloud adoption report provides better insights into the adoption of cloud services globally. Several startup companies are diving into cloud computing promptly, brightening the future of cloud computing platforms.

Compiling different works, such as cloud services, applications, and other operations, under one platform streamlines the company's work in a broader spectrum. Using AI-powered technologies in IT and business platforms accelerates the need for cloud computing services. Hence, cloud…

In 2024, Google Chrome maintains its market dominance as the world's most popular cloud based web browser, amassing an impressive market share of 64.73%.

According to global statistics, Chrome continues to lead the market in the three main device categories – on desktop devices, it holds 65.23%; on mobile apps – 64.93%; and tablets – 48.94% of the users. It is noted that Chrome has upgraded gradually over time, and new improvements designed by Google accompanied the reorganization of its internal frameworks. It is intended to enhance Google's security and efficiency. Moreover, the sizeable number of Chrome extensions boosts its popularity.

Google's representative states, "Chrome's leadership in the market is evidence of the innovation and…

Antiviral drugs are expanding their market size in 2024. The demand for antiviral drug production will increase in 2024 due to the increasing rate of prevailing diseases. Globally, the growth rate of viral diseases is a driving factor in the pharmaceutical market. Further, consumer demand for antiviral drugs with fewer side effects is evolving in the pharmaceutical sector.

Surveys of 2024 report that globally, the antiviral drugs segment may reach USD 51.18 billion in 2024. Moreover, the global revenue may turn around USD 55.3 billion from 2024 to 2029. The antiviral drug market is anticipated to grow with an annual growth rate of 1.58 percent. The antiviral drugs market expects the highest revenue in the United States in 2024. Consumers…

In recent years, China has cemented its reputation as the de facto superpower of the manufacturing sector, eclipsing the likes of the United States of America, Japan, and Germany, which were once considered the leaders in this area. These changes are due to China’s planning, investment, and policies. A survey report of 2024 shows China as the leading nation in the manufacturing domain.

In China, Manufacturing's next phase was entered in 1978 when reforms were initiated, opening the country up to foreign investment and trade. In this regard, the state, in particular, created Special Economic Zones (SEZs) like Shenzhen to attract foreign capital, technology, and know-how. These areas became hotbeds of China's industrial expansion, which…

Global oil demand reports show unbalanced statistics due to different analyses in two consecutive months of 2024. The International Energy Agency (IEA) states that global oil demand will decline by 2030. The report explains that fossil fuel demand may be diminishing. Further, it would not support fuel consumption beyond 2030 in countries like China, the USA, and Africa. Another report by data analytics firm Enverus doubts IEA's predictions regarding the global fossil fuel demand by 2030. In contrast to IEA's report of 2024, Enverus states that global oil demand will level off by 2030, however, at a slow pace compared to the predicted analysis by IEA in 2024.

International energy agency predicted a sharp decline of 15 percent in the global…