The energy storage market is projected to grow at a CAGR of 11.69% during the forecast period, reaching a total market size of US$39.859 billion in 2024 from US$20.535 billion in 2018. Energy storage, also referred to as electricity storage, means the storage of energy. Energy storage works by capturing energy from renewable and non-renewable sources and discharging it when necessary. This gives the user greater flexibility in the use of electricity and control in its storage. The storage help Read more...
Solar Battery Storage is a very old practice. Initially, the cost of installation was very high. Then Tesla introduced the Powerwall Energy storage system which offered a 10-year warranty and lesser price which forced other companies to give similar offers, boosting the market for the residential storage market.Residential energy storage is a renewable form of energy which is generated through an eco-friendly process. The cost of generating power is also very low except for the initial install Read more...
High voltage direct current (HVDC) transmission is the massive transmission of electricity over long distances in the form of direct current, leading to cost saving and lesser loss as compared to HVAC transmission. The HDVC market is expected to have significant growth during the forecast period owing to the growing electricity consumption and the increasing investments in energy infrastructure. Integration of renewable energy into the HDVC system is also expected to drive the market growth in Read more...
The global PV Backsheet market is projected to grow at a CAGR of 9.97% during the forecast period. Rising solar PV installation is the major driver of the solar PV backsheet market. Growing focus on the renewable energy sector due to rising electricity prices and environmental sustainability concerns is driving the installation of solar panels which, in turn, is propelling the growth of the solar PV backsheet market. The declining cost of solar panels is further augmenting the use of solar energ Read more...
The global submarine cable market was valued at US$2.831 billion in 2018 and is projected to expand at a CAGR of 2.80% over the forecast period to reach US$3.341 billion by 2024. A submarine cable is a cable laid on the sea bed between land-based stations to carry telecommunication signals across stretches of ocean and sea. They are responsible for carrying the majority of the world’s data. With cables becoming increasingly necessary to interlink countries, the growth of the submarine ma Read more...
The third generation renewable energy sources market is expected to grow at a steady decent rate during the forecast period from 2019 to 2024. The evolution of renewable energy has witnessed the deployment of three generations of technologies spanning across the last 100 years. First-generation technologies, which include hydroelectricity, geothermal power and biomass, have already reached market saturation. Second-generation technologies, which are being currently deployed, include photovolt Read more...
The Deodorization System market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from USXX.XX billion in 2018. Deodorization is the use of steam distillation to strip free fatty acids and other highly volatile components, under vacuum conditions, from oils, fats and other materials. Deodorization is widely applied in the refining of edible oils and fats. Deodorization is also applied in the production of decaffeinated coffee, where solvent traces from the caffeine ex Read more...
The North America solar panel recycling market is projected to grow at a CAGR of 26.21% during the forecast period. Rising adoption of solar energy solutions is countries like U.S., Canada, and Mexico is driving the demand for solar panel recycling solutions in the region. According to IRENA statistics, the regular-loss solar panel waste volume in the region is projected to increase from 7200 tonnes in 2016 to 189,500 tonnes in 2030. Rising awareness about harmful impact of elements present Read more...
The Europe solar panel recycling market is projected to grow at a CAGR of 20.70% during the forecast period. Early adoption of renewable energy sources in European countries is the major driver of solar panel recycling market in the region. Growing solar panel waste volume in countries like Germany and France, supported by strict regulation regarding the recycling of solar panels in the region is significantly propelling the growth of Europe Solar Panel Recycling market. By country, Germany Read more...
The Asia Pacific (APAC) solar panel recycling market is projected to grow at a CAGR of 27.86% during the forecast period. Rapid rise in the adoption of solar energy in countries like Japan, China, and India are significantly driving the demand for solar panel recycling solutions and services in the region. According to IRENA statistics, total solar PV installed capacity in Asia has reached 209,460 MW in 2017 from 370 MW in 2000. There has been a rise in the volume of solar panel waste in th Read more...
.jpg)
