The growing investments in the development of wearable technologies and devices along with their rising are significantly boosting the revenue generation opportunities for flexible battery manufact Read more...
The photovoltaic (PV) inverter market is projected to grow at a CAGR of 10.45% to reach US$12.804 billion by 2024, from US$7.052 billion in 2018. Growing focus towards environmental sustainability and clean energy is significantly driving the demand for PV inverters worldwide. Favorable government policies and initiatives to promote renewable energy is also boosting the growth of PV inverter market. Declining cost of components has also escalated the solar PV installations, thus positively im Read more...
The wireless charging market is projected to grow at a CAGR of 25.03% to reach US$30.164 billion by 2024, from US$7.897 billion in 2018. Wireless charging market will grow owing to its rising popularity in the consumer electronics segment due to high integration with smartphones and wearable devices. In addition, the technological advancements in the wireless charging technology have led to its usage in various other appliances such as, automobiles, medical implants, toys, among others, which Read more...
Solar Water Heater market is projected to grow at a CAGR of 7.80% to reach US$3.796 billion by 2023, from US$2.418 billion in 2017. Growing demand for energy-efficient appliances is fueling the demand for solar water heaters worldwide. Stringent regulatory standards coupled with supportive government initiatives and policies to boost the consumption of solar water heaters is further contributing to the growth of global solar water heaters market. Technological advancements in solar water heat Read more...
Global Solar PV Glass Market is projected to grow at a CAGR of 24.60% during the forecast period, reaching a total market size of US$26.848 billion in 2025 from US$7.175 billion in 2019. Growing focus on renewable energy sources due to rising global warming and climate change is the major driver of the solar PV glass market. Increasing installed capacity of solar energy is significantly driving the demand for solar PV glass. According to IEA (International Energy Agency), renewable powe Read more...
The global smart water meter market is anticipated to foresee a growth at a CAGR of 14.03% from a market size of USD916.663 million in 2019 to reach a market size of USD2,105.229 million by the end of 2025. Smart water meter helps customers in monitoring their property water flow rates in real time and compare their water usage with the historical data. The increasing need in order to minimize water wastage along with the growing demand for water preservation is considered as key drivers Read more...
The consumer water treatment systems market was valued at US$8.028 billion in 2018 and is anticipated to grow at a CAGR of 6.06% to reach a market size of US$11.426 billion by 2024. The demand for consumer water treatment systems will grow due to the sales of the home water treatment systems. This is further driven by the rising awareness regarding water contamination coupled with consumer education related to water treatment technologies. In the developed regions where high-quality wate Read more...
The global military battery market is projected to grow at a CAGR of 4.85% to reach US$2.815 billion by 2023, from US$2.119 billion in 2017. Batteries are used in the military and defence industry for varied applications including APUs, propulsion systems, providing backup power, and for ignition systems among many others. Increasing military expenditure on acquiring advanced weapons coupled with budding demand for unmanned aerial vehicles for surveillance purposes will drive the demand for t Read more...
The transformer-less UPS market is projected to grow at a CAGR of 11.42% during the forecast period of 2017-2023. Transformer-less uninterruptible power source (UPS), is a technology that doesn’t rely on the use of a transformer for its functioning. The need to save as much energy as possible, combined with increase legislative pressure, is driving industrial along with commercial entities toward the transformer less UPS technology. Today, uninterruptible power supplies (UPSs) are essen Read more...
The elevators and escalators market is evaluated at US$75.526 billion in 2018 and is expected to grow at a CAGR of 2.76% to reach US$88.923 billion in 2024. Elevators and Escalators provide speedy process and continence traveling around the building which is considered one of the reasons for their high adoption around the globe. Rapid urbanization and increasing investment in the construction sector are other key factors augmenting the growth of the market. Rapid growing geriatric population Read more...
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