The global thermal energy storage market is evaluated at US$4.204 billion for the year 2019 growing at a CAGR of 12.38% reaching the market size of US$8.466 billion by the year 2025. Thermal energy storage is the technology that is used to store thermal energy by varying the temperature so that it can be used later for different purposes. The market is majorly driven by the fact that with a significant depletion in the availability of fossil resources and also the negative impact of these Read more...
The global power rental market is evaluated at US$15.066 billion for the year 2019 growing at a CAGR of 8.37% reaching the market size of US$24.408 billion by the year 2025. Power rental is the facility to hire a power source to provide to an industrial unit or wherever required. Power rental has a number of benefits over the other solutions available for the same purpose. The key advantages of a power rental solution over its counterparts is that it gives the customer a significant level Read more...
The bunker fuel is expected to grow at a compound annual growth rate of 3.47% over the forecast period to reach a market size of US$153.965 billion by 2025 from US$125.469 billion in 2019. Bunker fuel generally refers to the heavy oil used on ships which is the by-product of crude oil. It has been pivotal in the running up the ships for passenger transportation, containers, and special-purpose ships for a substantial period. The stable increase in the demand for the bunker fuel can be att Read more...
The Bio LPG market is evaluated at around US$150 million during the year 2019. Bio LPG refers to the bio propane produced from plant and vegetable residuals. It is a derived product from Biomass using similar techniques such as Hydrotreating, Dehydrogenation, and Fermentation. The only difference between liquified petroleum gas and Bio LPG is that the source is different though in terms of the chemical composition both are same. Generally, Bio-LPG is derived from vegetable or waste cookin 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...
The combined heat and power (CHP) market is evaluated at US$12.152billion for the year 2019 growing at a CAGR of 14.37% reaching the market size of US$27.196 billion by the year 2025. Combined heat and power refers to an energy-efficient system that generates electricity from several types of fuels and has the ability to capture the heat that is generated and can be reused for space heating, domestic hot water, and industrial processes among others. These systems can be installed at sev Read more...
The waste to energy market is evaluated at US$32.766 billion for the year 2019 growing at a CAGR of 5.89% reaching the market size of US$46.192 billion by the year 2025. Waste to energy refers to a process in which energy is generated in the form of electricity or heat which is done through the processing or treatment of waste. In other words waste to energy refers to the technology which converts waste into a fuel source. It is also known as the recovery of energy. This majority of the ele Read more...
The hydrogen fuel cell vehicle market was valued at US$401.980 million in 2019 and is expected to grow at a CAGR of 62.36% over the forecast period to reach a total market size of US$7,364.529 million in 2025. Mounting concerns across the globe regarding the harmful effects of emissions from vehicles powered by conventional fuels have been pushing the scientific world towards eco-friendly alternatives to power vehicles. Although renewable energy sector has come a long way in this directi Read more...
Global geothermal power market was valued at US$1.403 billion in 2019 and is expected to grow at a CAGR of 2.72% over the forecast period to reach a total market size of US$1.649 billion in 2025. Geothermal power is a stable and independent renewable power generation source which uses warm strength of the earth’s magma to generate power. Geothermal power plants utilize the steam, which is produced from hot water found below the earth’s surface, to rotate turbines that ultimat Read more...
Global electricity transmission poles market was valued at US$6.386 billion in 2019 and is expected to grow at a CAGR of 6.83% over the forecast period to reach a total market size of US$9.495 billion in 2025. Electricity poles, also called power poles, support wires and electric cables that carry electricity from power companies to end users. Material that are used in the production of electricity transmission poles include wood, steel, and composite. The choice of material depends on i Read more...
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