The global small hydropower market is evaluated at US$2.825 billion for the year 2019 growing at a CAGR of 3.12% reaching the market size of US$3.503 billion by the year 2026. Small hydropower is the development of hydroelectric power on a smaller scale to serve a local community, a small business, or an industry. The plant usually produces a lesser amount of electricity with 15-20 MW being the upper limit. These plants are usually installed in existing water supply networks or small streams. Th Read more...
The betavoltaic device market was evaluated at US$1.284 billion for the year 2019 and is projected to reach US$2.434 billion by 2026 growing at a CAGR of 9.57%. The betavoltaic device is a type of nuclear battery that is reliable, has a long life efficiency, and provides high power density for the operation of the electrical system in an inaccessible and hostile environment. The demand for these betavoltaic devices is rising in applications where the replacement of batteries is not easy. 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 liquified petroleum gas (LPG) market is expected to grow at a compound annual growth rate of 4.91% over the forecast period to reach a market size of US$153.146 billion in 2026 from US$109.493 billion in 2020. LPG is a by-product of propane and butane and mainly extracted through refineries (crude oil) or natural gas (propane and butane’s by-product), which differs from area to area, such as in North America, the majority of the supply of LPG is from natural gases, where the Uni Read more...
The global solar street lighting market was valued at US$6.052 billion in 2019 and is expected to grow at a CAGR of 23.51% over the forecast period to reach a total market size of US$26.535 billion in 2026. The solar lighting market is estimated to grow in the coming years. An increase in research in the solar street lighting market, a decrease in the prices of solar street lighting solutions, and an increase in the number of smart cities will be the key factors driving the growth in the market. 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...
The global brushless DC motor market is projected to have a compound annual growth rate of 9.17%, from US$22.859 billion in 2019 to US$42.249 billion in 2026. The main features of the brushless DC motors that make them so demanding in the market are that it reduces the energy consumption and hence, improves the efficiency in operations. This further boosts the demand for brushless DC motors in the market. Read more...
The global circuit breaker market is projected to reach US$8.196 billion by 2026, at a CAGR of 6.08%, from an estimated US$5.422 billion in 2019. The market is expected to be driven by the increasing projects of renewable energy, efficient energy infrastructure, and increasing developmental projects, as they are in turn increasing the demand for electricity consumption (especially in developing countries). Rapid industrialization and urbanization in the countries along with the use of sust Read more...
The global pipeline & process services market is projected to have a compound annual growth rate of 5.15%, from US$2.817 billion in 2019 to US$4.004 billion in 2026. The market of pipeline & process services is expected to drive by increasing demand for natural gas & crude oil (mainly, from the Asia Pacific), by increasing investments in the infrastructural developments, and by increasing the need for connectivity drive. The growth of the pipeline and process services market is restr Read more...
The global reservoir analysis market is evaluated at US$7.737 billion for the year 2020 growing at a CAGR of 4.67% reaching the market size of US$10.174 billion by the year 2026. Reservoir analysis refers to the analysis of the rocks, pores and fluids inside a reservoir to optimise their production and recovery techniques. The methods and equipment used in the analysis develops subsurface data which helps in the analysis of the reservoir in order to increase the reliability of the reservoir Read more...
