The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries. G... Read More »
November 2023The U.S. residential solar PV market size was estimated at USD 7.45 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2030. A rise in environmental concerns about increased carbon emissions caused by the use of conventional fuels for tr... Read More »
November 2023The global hydrogen energy storage market size was estimated at USD 15.97 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. The growth can be primarily attributed to the swift industrialization of developing countries and increasin... Read More »
November 2023The global biogas market size was estimated at USD 65.53 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. The industry is expected to witness growth due to increasing product demand from various application ... Read More »
November 2023The U.S. battery energy storage system market size was estimated at USD 711.9 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 30.5% from 2024 to 2030. Growing use of battery storage systems in industries to support equipment with critical power supply i... Read More »
November 2023The global gas turbine market size was estimated at USD 10.19 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030. A gas turbine is an engine, which heats a mixture of fuel and outside air at a very high temperature to ge... Read More »
November 2023The global bio-LNG market size was estimated at USD 1.37 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 41.1% from 2024 to 2030. As more organic waste streams become available, such as agricultural and forestry residues and food waste, there is an i... Read More »
November 2023The Africa diesel generator market size was estimated at USD 6.49 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030. Datacenter end-use registered a high growth rate owing to an increase in momentum towards digitalization in the Afr... Read More »
November 2023The global renewable energy market size was estimated at USD 1.21 trillion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2030. The shift toward low-carbon fuels and the presence of stringent environmental regulations in most of the develope... Read More »
November 2023The global solar PV panels market size was estimated at USD 170.25 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2030. Growing demand for renewables-based clean electricity coupled with government policies, tax rebates, and incentive... Read More »
November 2023The global wind turbine operations and maintenance market size was valued at USD 15.86 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030. Repairing and maintenance of turbines is an integral part of the wind energy project. Efficien... Read More »
November 2023The global offshore pipeline market size was estimated at USD 13.97 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The global rising demand for energy, particularly oil and natural gas is expected to increase the demand for... Read More »
November 2023The global LNG bunkering market was valued at USD 1,150.1 million in 2022 and is expected to grow at a CAGR of 28.67% over the forecast period. LNG bunkering involves supplying liquefied natural gas as a fuel source for a vessel's self-use. The primary benefit of using LNG as a fuel lies...Read More »
The global oil refining market was valued at USD 1,687.7 billion in 2022 and is expected to grow at a CAGR of 4.28% over the forecast period. This market is characterized by its intricate processes, vast infrastructure, and its role as a crucial link in the supply chain of energy and pet...Read More »
The global tidal energy market was estimated at 127 GWh in 2022, with tidal energy generation expected to grow at a CAGR of 1.64% from 2023 to 2030. Increasing investments in tidal farms and demonstration projects across Europe, Canada, and South Korea is driving power generation through...Read More »
The U.S. solar PV market size was estimated at USD 29.68 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.7% from 2023 to 2030. Favorable policies and incentive schemes at the state and federal levels coupled with decreasing prices of solar panels ar... Read More »
October 2023The global floating LNG power vessel market size was estimated at USD 728.02 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030. The insufficient power generation infrastructure in developing nations, reduced pollution levels, and th... Read More »
October 2023The Asia Pacific food grade carbon dioxide market size was valued at USD 428.8 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. Growing demand in the freezing and chilling application stimulated by rising disposable income is e... Read More »
October 2023The global solar backsheet films market size was estimated at USD 1.87 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The demand for solar PV backsheet films are propelled by their rising demand for renewable energy for the manu... Read More »
October 2023The global flow battery market size was valued at USD 328.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 22.6% from 2023 to 2030. The rising demand for energy storage systems globally is the primary factor for market growth. According to the U.S. ... Read More »
October 2023