The global molten salt thermal energy storage market is expected to grow at a compound annual growth rate of 15.65% over the forecast period to reach a market size of US$1,743.663 million in 2026 fromUS$629.969 million in 2019. The molten salt thermal energy market is estimated to increase in the forecast period. The factors responsible for the growth of the market are an increase in the population which has led to an increase in the consumption of energy and initiatives taken by the government Read more...
The global ground-mounted PV utility market is expected to grow at a compound annual growth rate of 9.85% over the forecast period to reach a market size of US$9.534 billion in 2026 from US$4.939 billion in 2019. The market of ground-mounted photovoltaic utility market is estimated to grow in the coming years. The growing concerns for the environment and the depletion of natural resources have boosted the demand for renewable sources of energy. The demand for solar energy has therefore been incr Read more...
The global battery recycling market is projected to grow at a CAGR of 14.83% during the forecast period to grow to US$20.916 billion by the year 2026 from US$9.124 billion in the year 2020. Battery recycling refers to the process of collecting old/ used batteries for the purpose of reprocessing them and making them ready for reuse. Battery recycling as an industry has grown in the past few years due to the growing concerns of these used batteries being disposed into landfills leading to soil Read more...
The global containerized solar generators market is estimated to surge at a CAGR of 8.13% from a market value of US$360.326 million in 2019 to achieve a market value of US$622.757 million by the end of 2026. The growth in population and the rise in industrialization have led to unprecedented demand for energy. The use of non-renewable energy sources to meet the growing demand has led to adverse climatic conditions and the risk of depletion of fossil fuel. Therefore, containerized solar gen Read more...
The global metal recycling market is projected to grow to US$83.931 billion by 2026 from US$48.941 billion in 2019 expanding at a CAGR of 8.01% over the forecast period. The metal recycling market is growing at a very fast pace. According to a recent study by the United Nations department of economics and social affairs, 55% of the world lives in urban areas and it is estimated that this percentage will grow to about 68% by 2050. The boost in the market is due to the increase in industrializatio Read more...
The global solar energy market is expected to grow at a CAGR of 11.58% from an initial value of US$68.579 billion in 2019 and is estimated to reach a market size of US$147.683 billion in 2026. In energy terms, solar energy consumption is projected to grow at a CAGR of 17.49% during the same period. The global solar energy market is growing at a significant rate in recent years and has been expected to increase more in the upcoming years. The major driving forces for such growth in this mark Read more...
Europe Lithium-Ion (Li-Ion) Battery market was valued at US$5.487billion in 2019. High concerns about environmental sustainability is pushing the adoption of sustainable sources of energy. Furthermore, European countries have strict regulations regarding environmental sustainability. The European Union (EU) has some of the world’s highest environmental standards, developed over decades. The EU has a range of measures to improve the quality of the environment for its citizens while Read more...
Global concentrated solar power (CSP) market was valued at US$1.107 billion in 2019 and is expected to grow at a CAGR of 10.37% over the forecast period to reach a total market size of US$2.001 billion in 2025. Concentrated solar power (CSP) plants use mirrors to concentrate the sun’s energy to run conventional steam turbine or engines that generate electricity. The thermal energy concentrated in a CSP plant can be stored and used to generate electricity as per requirement, day or nig Read more...
Global wind turbine market was valued at US$90.114 billion in 2019 and is expected to grow at a CAGR of 5.34% over the forecast period to reach a total market size of US$123.154 billion in 2025. Wind power technologies transform the kinetic energy of the wind into mechanical power. Wind is used to generate electricity using the kinetic energy created by air in motion which is then transformed into electrical energy using wind turbines or wind energy conversion systems. The amount of energy Read more...
Global Lithium-Ion (Li-Ion) Battery Recycling market was valued at US$375.200 million in 2019 and is expected to grow at a CAGR of 24.11% over the forecast period to reach a total market size of US$1,370.949 million in 2025. Lithium-ion (Li-ion) batteries offer added advantages over conventional batteries such as compact structure, performance, and lightweight. This makes them more suitable in a world of portable electronic devices and electric vehicles (EVs). Read more...
