POV
The Asia Pacific market was valued at USD 27.8 billion in 2023 with volume reaching a record time high of 744.3 MW. This is just a beginning the market is expected to rise exponentially in the coming years at the CAGR 14.9% potentially reaching at the valuation of USD 55.8 billion.
POV
Over the years industrial revolution has seen incredible turnovers, from a 400% increase in the textile manufacturing to the adoption of Bessemer process, from advancement in steel production reaching an all-time high of 28 million tons by 1900 to the introduction of IT systems.
POV
Agriculture powers nearly 40% of Southeast Asia’s GDP, with countries like Indonesia, Thailand, the Philippines, and Vietnam leading the charge. This sector's growth is crucial to driving economic advancement and ensuring food security across the region.
POV
The Southeast Asia’s (SEA) chemicals industry has been performing adequately, contributing to 3.4% of the overall GDP across majority of the southeast Asian countries.
POV
Singapore's cold chain sector has surpassed all stakeholder expectations, outperforming all other sectors and segments with merchandise trade of $ 991.4 Bn.
POV
In 2023, Singapore emerged as the leading destination for FDI in the EV sector, attracting investments totaling USD 141 million.
POV
India’s IT Spending to be $138 Bn in FY’2024 growing at 11.1% CAGR driven by AI and focus on profitability.
POV
Integrated project management solutions account for 2% of total digital spending and play a crucial role in centralizing customer information.
POV
Warehousing in the Asia-Pacific Region (APAC) has performed better than the expectations set. It is expected to reach 50% by 2029.
POV
Globally the market has a growth rate of 8.5% whereas in India the market is growing at a rate of 8.5% with an average gross profit margin of 10%.
POV
Globally, the sector is projected to grow by 3.5 percent by 2029, reaching a market share of $140Bn.