Global lithium-ion battery market is estimated to witness a CAGR of 15.33% to reach US$80.392 billion in 2024 from US$34.163 billion in 2018. Lithium-ion batteries are rechargeable, lightweight, high energy density batteries that have high capacity and efficiency than other batteries. They are widely applied in diverse areas ranging from small appl Read more...
The portable generator market is projected to witness a CAGR of 27.20% to reach US$2,608.231 million by 2024, from US$1,855.914 million in 2018. A portable generator is a diesel or gas-powered device which provides temporary electric supply. Growing demand for generating electricity for live commercial events is boosting the demand for portable gen Read more...
Mobile Power Plant market is projected to grow at a CAGR of 4.06% to reach US$1.463 billion by 2024, from US$1.152 billion in 2018. Growing demand for electricity across the globe is the major driver of mobile power plant market. High investment in infrastructure development and rising rate of industrialization is boosting the need for fast electricity generation which is further contributing to the growing demand for mobile power plants. Rising short-term demand for air conditioning units is Read more...
The growing investments in the development of wearable technologies and devices along with their rising are significantly boosting the revenue generation opportunities for flexible battery manufact Read more...
The wireless charging market is projected to grow at a CAGR of 25.03% to reach US$30.164 billion by 2024, from US$7.897 billion in 2018. Wireless charging market will grow owing to its rising popularity in the consumer electronics segment due to high integration with smartphones and wearable devices. In addition, the technological advancements in the wireless charging technology have led to its usage in various other appliances such as, automobiles, medical implants, toys, among others, which Read more...
The global military battery market is projected to grow at a CAGR of 4.85% to reach US$2.815 billion by 2023, from US$2.119 billion in 2017. Batteries are used in the military and defence industry for varied applications including APUs, propulsion systems, providing backup power, and for ignition systems among many others. Increasing military expenditure on acquiring advanced weapons coupled with budding demand for unmanned aerial vehicles for surveillance purposes will drive the demand for t Read more...
The global quantum batteries market is projected to expand at a CAGR of 24.78% over the forecast period of 2017 - 2023. Scientists are very close to developing world’s fastest charging battery known as the quantum battery which utilizes the unique property of quantum mechanics. A new research in the University of Adelaide is aiming towards the development of world’s first quantum battery under the supervision of Dr. James Quach. Dr. Quach, a quantum physicist says that unlike ordi Read more...
The global solar rooftop market is projected to grow at a CAGR of 16.52% during the forecast period. This market is driven by the widespread adoption of renewable sources of generation, especially solar photovoltaic (PV) generation. The increasing deployment of the bi-directional metering system along with remote monitoring systems for solar roofto Read more...
Global flow battery market is projected to witness a CAGR of 28.61% during the forecast period to reach a total market size of US$987.758 million by 2023, increasing from US$218.250 million in 2017. Flow battery is a rechargeable electrochemical device which converts the chemical energy in the electro-active materials directly to electrical energy, similar to a conventional battery and fuel cells. The rechargeability is provided by two chemical components dissolved in liquids contained within Read more...
The global microturbine market was valued at US$116.410 million in 2017 and is projected to grow at a CAGR of 4.91% over the forecast period to reach US$155.198 million by 2023. The micro-turbine market is driven by the surging requirement for cost-effective technology for power generation. Micro-turbines offer low emission power generation along with inexpensive operations, achieving profitable power generation and supply. Moreover, the development of micro-turbines operating on multiple fue Read more...
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