Asia Pacific (APAC) Electric Vehicle Charging Stations market is projected to grow at a CAGR of 20.94% during the forecast period. Growing concerns regarding environmental sustainability is the major driver of APAC Electric vehicle charging station market. Rising production as well as sales of electric vehicles in countries like Japan and China is significantly boosting the growth of APAC electric vehicle charging stations market. Favorable government initiatives and policies to encourage the Read more...
The battery energy storage market is projected to grow at a CAGR of 32.76% during the forecast period. Battery energy storage system comprises the use of battery technology to store the energy to be used at a later time. Companies are investing heavily in the R&D to store renewable energy owing to the huge demand for storage batteries, which shows Read more...
The laminated glass market is projected to grow at a CAGR of X.XX% to reach US$X.XXX billion in 2024 from US$X.XXX billion in 2018. Laminated glass refers to a type of safety glass which is bonded together by an interlayer of plastic such as polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA) or Sentry Glass Plus (SGP), etc. between two or more panes of glass. The interlayer of plastic acts as a glue keeping the glass bonded even when broken and its high strength prevents the glass from sha Read more...
The incorporation of intelligent electronic devices (IEDs) with a communication network is transforming the analogous system of substation in the energy and power industry. The digital substation market is anticipated to reach US$XX.XX billion by 2024 from US$XX.XX billion in 2018 with CAGR of XX.XX%. The technical advancement has led the electrical system for digitization, resulting in implementing digital substations over traditional substations. The digital substation Read more...
The smart electric meter market is projected to grow at a CAGR of 3.55% during the forecast period of 2018 to 2024. Smart electric meters are replacing traditional meters in every field of the electrical system. Wastage of energy can be decreased by the effective utilization of smart electric meter in the transmission and distribution system. In ad Read more...
The global well intervention market was valued at US$8,501.264 million in 2018 and is expected to witness a CAGR of 5.03% over the forecast period to grow to US$11,408.791 million in 2018. Well intervention is the maintenance, repair or replacement activity carried out at any point of the life of an oil or gas well. For this, operators turn to inte Read more...
The microgrid control system market is projected to expand at a CAGR of 8.08% over the forecast period to reach US$2,378.748 million in 2024 from US$1,492.104 million in 2018. Microgrid Control System (MCS) enables distribution grid operators to integrate and optimize energy assets with an objective to reduce the overall energy cost for a local dis Read more...
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...
Global Powered Air-Purifying Respirator (PAPR) market is projected to grow at a CAGR of 6.21% to reach US$736.489 million by 2024, from US$513.177 million in 2018. Powered Air Purifying Respirators are a type of personal protective equipment used for protection in areas with contaminated air. These devices use a powered blower to blow out contaminated air through a HEPA filter, removing the contaminated particles and supplying cleaner air to the user. The demand for PAPRs in the region wi Read more...
The solar photovoltaic (PV) backsheet market is estimated to grow at a CAGR of 9.97% over the forecast period to reach US$2,385.411 million by 2024, from US$1,348.648 million in 2018. Rising solar PV installation is the major driver of the solar PV back sheet market. Growing focus on the renewable energy sector due to rising electricity prices and Read more...
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