Global Wood Pellet market was valued at US$10.491 billion in 2019 and is expected to grow at a CAGR of 14.47% over the forecast period to reach a total market size of US$23.604 billion in 2025. Wood pellets are renewable energy carriers. These are produced from sawdust or other ground woody materials. According to international standards, product requirements for energy density, moisture, abrasion resistance, particle size, and shape for wood pellets are defined, turning wood pellets int 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 marine fuel market was valued at US$148.739 billion in 2019 and is expected to grow at a CAGR of 0.84% over the forecast period to reach a total market size of US$156.426 billion in 2025. Marine fuels, also known as bunker fuels, are hydrocarbon-based fuels that are used on board a ship. These fuels are primarily derived from petroleum sources and may also contain hydrocarbons from renewable or synthetic sources. 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...
The global fall protection equipment market was valued at US$2.277 billion in 2019.The booming infrastructural development around the globe, especially in the developing economies such as India, China and Indonesia, is one of the major drivers for the market to surge over the forecast period. The growing concerns over worker safety coupled with stringent government regulations of various countries regarding the safety of workers working on heights across the various end-user industries is also p Read more...
Global NEV Taxi market is projected to grow at a CAGR of 29.69% during the forecast period, to reach a market size of US$55.558 billion in 2025 from US$11.674 billion in 2019. NEV Taxis are new energy vehicles, which are partially or fully powered by electricity like Battery Electric Vehicles (BEVs) and Plug-in Hybrids (PHEVs). NEV taxis require low maintenance, reduce air pollution, and have low running costs. Environmental regulations in developed and developing countries are focusing on reduc Read more...
The smart electricity meter market is evaluated at US$3.612 billion for the year 2019 and is projected to grow at a CAGR of 28.12% to reach a market size of US$20.468 billion by the year 2026. The smart electricity meter is a device that is used to accurately monitor electrical usage and send usage information to manage energy usage effectively. Factors such as favorable government policies, growing investments in smart grid projects, and rising up-gradation of infrastructure are anticipated Read more...
The smart grid software market is evaluated at US$6.030 billion for the year 2019 and is projected to grow at a CAGR of 21.21% to reach a market size of US$23.180 billion by the year 2026. A smart grid is a self-sufficient electricity supply network that uses digital communications technology for monitoring, control, and analysis within the supply chain and can act remotely on network incidents, improving the supply and relationship with the environment by providing reliable and efficient pow Read more...
The smart grid market is estimated to attain a market size of US$92.107 billion in 2026 from US$29.336 billion in 2019, growing at a CAGR of 17.76%. The smart grid is an electricity supply network that uses digital communications technology to detect, react to local changes in usage and enable the self-healing of the network automatically after the disturbance of the power. Smart grid provides efficient and reliable power supply through various smart grid applications and technologies, thus offe Read more...
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 helps Read more...
