by Booking Type (Online Booking and Offline Booking), Service Type (Ride-hailing and Ride-sharing), and Vehicle Type (Cars, Motorcycle, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global taxi industry generated $69.18 billion in 2019, and is expected to generate $120.89 billion by 2027, witnessing a CAGR of 12.3% from 2020 to 2027.
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Prime determinants of growth
Increase in demand for ride-hailing and ride-sharing services, surge in demand from online taxi booking channels, and rise in cost of vehicle ownership drive the growth of the global taxi market. However, improvement in public transportation and varying government regulations on taxi services in different countries restrain the market growth. On the other hand, development of robo-taxies and emergence of eco-friendly elect
Outdoor LED Display Market Predicted to Reach $11 86 Billion by 2027, at 9 20% CAGR
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Outdoor LED Display Market Predicted to Reach $11 86 Billion by 2027, at 9 20% CAGR
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- Growing application as an alternative to fossil fuel and rise in demand for sustainable power source drive the growth of the global hydrogen energy storage market
PORTLAND, Ore., April 13, 2021 /PRNewswire/ Allied Market Research published a report, titled, Hydrogen Energy Storage Market by Product Type (Liquid, Solid, and Gas), Application (Stationary Power and Transportation), and End User (Industrial and Commercial): Opportunity Analysis and Industry Forecast, 2020-2027. According to the report, the global hydrogen energy storage industry was projected at $15.4 billion in 2019, and is anticipated to hit $25.4 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.
Drivers, restraints, and opportunities-
Growing application as an alternative to fossil fuel and rise in demand for sustainable power source drive the growth of the global hydrogen energy storage market. On the other hand, high capital cost is expected to curb the growth to some extent. However,