The global instant noodles market size is estimated to reach USD 73.988 billion by 2030, registering a CAGR of 4.30% from 2024 to 2030, according to a new report by Knowledge Sourcing Intelligence. Instant noodles, also known as instant ramen are a type of pre-cooked noodles, that are sold in a dried form, along with seasoning oil or flavoring powders. The instant noodles are specially designed to offer convenience and affordability to the users. It also offers a longer shelf life and essential nutritional value. The Instant noodles also come in a wide variety of flavors and inclusion of multiple vegetables and meat types.
The major factors propelling the growth of the global instant noodles market are the increasing urbanization and growing disposable income of the consumer, especially in developing nations. With the growing urbanization, the demand for convenient products with longer shelf life increases significantly. Similarly, the growing innovation in the packaging and product processing also enhances the growth of the market during the forecasted timeline.
The fried noodles category of the type segment is estimated to attain a greater market share by 2030.
The demand for vegetables category under the broth variety market is estimated to attain a greater market share during the forecasted timeline.
Under the packaging segment of the global instant noodles market, the packets category is forecasted to attain a higher growth rate by 2030, majorly as the packets offer enhanced convenience and sustainable packaging solutions in the market.
The online category, under the distribution channel category is estimated to grow at a greater rate. The increasing utilization of the internet and growing adoption of the e-commerce platform are among the key factors that boost the growth of the online category in the market. The online category also offers convenience and a wide variety of products across multiple regions.
The Asia Pacific region is estimated to attain a greater market growth rate, majorly due to the increasing urban population and growing disposable income of the consumer, especially in countries like India, China, Japan, and Malaysia among others. The introduction of new flavors and attractive packaging solutions is also among the key factors pushing the growth of the market in the Asia Pacific region, during the estimated timeline.
North America is anticipated to see steady growth, fueled by advancement in North America is anticipated to see steady growth, fueled by advancement in the food processing and packaging sector in the region. Similarly, the rising demand for convenience food is also among the key factors pushing the growth of the market.
Instant Noodles Market Segmentation:
Knowledge Sourcing Intelligence has segmented the global instant noodles market based on type, broth variety, packaging, distribution channel, and region:
The e-pharma market is projected to witness a compounded annual growth rate of 15.51%, growing to US$133.369 billion by 2030 from US$64.870 billion in 2025, according to a new report by Knowledge Sourcing Intelligence. The rising technological advancement, such as blockchain, telemedicine, logistics and delivery innovations, AI, and e-commerce adoptions, is leading to the growth in the market. E-pharmacies offer patients the ability to order prescription and over-the-counter drugs online, which is contributing to its expansion. They also provide reminders of consultations, discounts, drug refill, and loyalty programs. These attributes lead to e-pharmacies witnessing growth in popularity in comparison to traditional pharmacies.
Additionally, rising e-commerce adoption among consumers with a large number of people using online platform services for purchasing medications, offering convenience and transparency in pricing and availability of different brands. Government initiatives with policies and regulations for encouraging compliance and trust support the growth in the market. The growing investment and innovation, like the virtual catalog, prescription refills, integration of the automated platforms with medicine, and collaboration to provide quick delivery options and same-day delivery, is also leading to its growth during the forecasted period.
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E-Pharma Market Report Highlights:
Over-the-counter (OTC) drugs segment is estimated to attain greater market share by 2030 in the drug type segment, driven by ease of purchase and availability on online platforms. this segment is witnessing a rise with the increase in the self-medication trends and growing requirement for non-prescription drugs. OTC drugs like cough, flu remedies, cold, dermatology products, vitamins, supplements, and minerals, among others, have widespread availability and demand as cost-effective self-medication.
The dermatology segment is the major application segment in the market due to rising consumer awareness and growing demand for skincare products. E-pharma platform provides a wide range of skin products like sunscreen, acne treatment products, and anti-aging creams. It also provides availability to compare diverse brands with attractive discounts and offers with doorstep delivery. Changing trend in beauty standards and growing interest in preventive skincare is also leading to a rise in e-pharma platforms.
North America held the largest market share, driven by the presence of prominent market players like Giant Eagle, Inc., Express Scripts Holding Company, and Canada Health Infoway. The rise in internet penetration, with growing adoption of e-prescription, is leading to growth in the market. The increasing integration of e-pharmacies with telemedicine services is witnessing growth in the region, with the presence of large retail pharmacies presences on the online platforms, further growing the market.
Europe is anticipated to see major growth in the e-pharma market, due to the rise in internet penetration and the stringent regulatory environment in the region. The rising advanced technologies integration in the e-pharmacies, such as AI, digital tools, and machine learning, is also contributing to its rise in the region. The growing adoption of e-prescription with the European Cross-Border Electronic Prescription (CBeP) system makes it compulsory in countries like Germany and the UK, which provided a favourable environment for the growth of the e-pharma market.
E-Pharma Market Segmentation:
Knowledge Sourcing Intelligence has segmented the E-Pharma Market based on drug type, application, and region:
The global large-volume parenteral market size is estimated to reach USD 15.843 billion by 2030, registering a CAGR of 5.05% from 2024 to 2030, according to a new report by Knowledge Sourcing Intelligence. The large volume parenteral is a form of aqueous solution, which is usually supplied in volumes of 100 ml and 5,000 ml. The LVP is usually utilized to provide fluid replacement therapy. The global large-volume parenteral market is estimated to attain a greater market share during the forecasted timeline, majorly with the increasing prevalence of chronic diseases across the globe. In the cases of chronic diseases, like cancer, diabetes, and CVD, the LVP products are utilized in administrating medications.
Similarly, the growing geriatric population is also estimated to boost the growth of the market during the estimated timeline. With the growing aging population, the diseases related to difficulty in swallowing and digesting oral medication increase. Similarly, the rising elderly population also enhances the need for healthcare needs. The growing demand for biosimilar and biologics are also forecasted to grow the market during the estimated timeline.
The 100 ml – 250 ml parenteral category of the volume segment is estimated to attain greater market share by 2030, as the 100 ml – 250 ml parenteral offers multiple applications, which include basic infusion, correction of electrolytes, and fluid balance distribution among others.
The rising global demand for large-volume parenteral for nutrition applications, is among the key factors propelling the growth of the market during the estimated timeline. In nutritional applications, LVPs are utilized for full nutritional support and offer various forms of essential nutrients.
The glass bottle LVP solutions, under the packaging container segment are estimated to attain a greater market share during the forecasted timeline. The glass bottle LVP solutions offer application across nutrition, administrating other drugs, and intravenous infusions among others. The glass bottle LVP solutions are commonly utilized in the admirative sector, majorly as they feature a non-reactive nature.
The Asia Pacific region is estimated to attain a greater market growth rate, majorly due to the increasing prevalence of chronic diseases in the region. Similarly, the growing advancement in the healthcare sector is also estimated to propel the global large-volume parenteral market in the region.
North America is anticipated to see steady growth, fueled by advancement in the pharmaceutical and healthcare sectors. The North American region witnessed a major growth in healthcare expenditure and pharmaceutical production, enriching the demand for the large volume of parenteral in the region.
Large Volume Parenteral Market Segmentation:
Knowledge Sourcing Intelligence has segmented the global large-volume parenteral market based on volume, application, packaging container, and region:
Large Volume Parenteral Market, By Volume
100 ml – 250 ml
250 ml – 500 ml
Above 500 ml
Large Volume Parenteral Market, By Application
Correction of electrolyte & fluid balance disturbances
Nutrition
Vehicle for administering other drugs
Large Volume Parenteral Market, By Packaging Container
The global energy drink market is estimated to grow at a CAGR of 6.75%, attaining US$115.854 billion by 2030, from US$83.555 billion in 2025, according to a new report by Knowledge Sourcing Intelligence. A major factor propelling the global energy drinks market growth is the increasing rate of urbanization worldwide. With the increasing urbanization and disposable income of the consumer, the demand for processed and premium products is expected to grow. The World Bank, in its global population report, stated that the total urban population was recorded at 4.46 billion in 2021, which increased to 4.54 billion in 2022. In 2023, the total urban population in the world was recorded at 4.61 billion.
The increasing global retail sales of foods and beverage products are expected to propel the energy drinks market growth during the forecasted timeline. The global retail food and beverage products sales witnessed significant growth over the past few years. The Department of Statistics of Singapore announced in December 2023 that total food and beverage retail sales increased by about 0.4% from the previous year. The agency stated that in December 2023, the total sales value of food and beverage retail sales was recorded at US$1 billion.
Similarly, Agriculture Canada, in its report, stated that in 2023, the total retail sales of packed food products in Canada was recorded at CAN$ 77.6 billion. Dairy sales were recorded at CAN$ 16.6 billion in the total retail food sales, whereas the snacks category sales were recorded at CAN$ 6.6 billion.
The global energy drink market includes a wide range of products including carbonated and non-carbonated. By alcohol type, the market is segmented into alcoholic and non-alcoholic.
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Global Energy Drink Market Report Highlights
Carbonated product type led the market in 2023, capturing the largest and dominant market due to its broad scope. The broad category of carbonated beverages, encompassing a vast array of flavors, formulations, and packaging options, caters to diverse consumer preferences and consumption occasions. This versatility, coupled with established market penetration and strong brand recognition, allowed carbonated products to outpace other segments, solidifying their position as the leading product type in the market.
The can-based packaging is gaining popularity as it offers feasibility. Its robust and lightweight nature provides excellent product protection, ensuring extended shelf life and minimizing damage during transportation and handling. Furthermore, cans offer superior barrier properties against light, oxygen, and moisture, preserving the quality and freshness of the contents. The ease of recycling and the growing emphasis on sustainable packaging solutions also contribute to the appeal of cans, aligning with consumer preferences for environmentally responsible options.
Asia Pacific will be the fastest-growing market during the forecast period, attributable to an influx of investment boosting the development of the food and beverage sector in countries such as India.
North America is anticipated to see considerable growth, fueled by the increasing demand for processed foods and beverage products is also expected to propel the regional energy drinks market.
Global Energy Drink Market Segmentation
Knowledge Sourcing Intelligence has segmented the global energy drink market based on product type, alcohol content, packaging type, and distribution channel:
Global Energy Drink Market, By Product Type
Carbonated
Non-Carbonated
Global Energy Drink Market, By Alcohol Content
Alcoholic
Non-Alcoholic
Global Energy Drink Market, By Packaging Type
Can
Bottle
Global Energy Drink Market, By Distribution Channel
The global pharmaceutical cartridge market is expected to grow at a CAGR of 3.23% over the forecast period to reach a total market size of US$3.265 billion by 2030, increasing from US$2.785 billion in 2025.
The market is propelled by increased investment in the healthcare sector, growing adoption of self-administration devices, stringent regulatory requirements, and increasing geriatric population. The global expansion of the pharmaceutical industry, driving the demand for cartridges as a packaging solution, such as in September 2024, Stevanato Group S.p.A., Gerresheimer AG, and SCHOTT Pharma AG & Co. KGaA, announced that they have entered into a strategic industry alliance to support market adoption of Ready-to-Use (RTU) vials and cartridges. The Alliance for RTU aimed to share with pharmaceutical companies, CMOs and CDMOs technical knowledge in high-quality sterile primary packaging, specifically ready-to-fill vials and cartridges.
Additionally, adding to the production capacity, in May 2024, Stevanato Group S.p.A. announced the inauguration of its Cisterna di Latina plant. It is located just a few kilometers from the plant in Latina, the new site covers an area of 65,000 square meters and employs around 200 people. The facility started commercial production in Q4 2023 and houses advanced production lines developed by Stevanato Group for the production of EZ-fill pre-sterilized syringes. The production facility is aimed at the modern challenges of the European market, constantly growing in biopharmaceuticals, such as GLP-1s. Furthermore, the Company is planning to implement production with EZ-fill pre-sterilized cartridges between 2025 and 2026 as the site becomes fully operational. Stevanato Group is a leading provider of drug containment, drug delivery, and diagnostic solutions to the pharmaceutical and biotechnology industries.
Advancement in the technologies in the production technology serves as a significant factor propelling the market. In February 2024, INCOG BioPharma Services, added a high-speed OPTIMA filling line that will provide an additional 100 million units of syringe and cartridge filling capacity. INCOG secured $75 million of funding for this expansion efforts. It would complement the company’s existing filling line, bringing the company’s total filling capacity to 140 million units per year. In addition to the new filling line, INCOG recently added automated visual inspection capabilities and completed qualification of equipment to support auto-injector device assembly services.
Further, in July 2024, SCHOTT Pharma launched large format ready-to-use cartridges for on-body devices. These are used to treat cancer, metabolic disorders, cardiovascular conditions, genetic disorders, and immunological diseases, they are designed to store highly sensitive biologics. By partnering with device manufacturer Ypsomed, SCHOTT Pharma’s new RTU cartridges are compatible with the on-body device YpsoDose. The fully assembled device is the first on the market that is prefilled and pre-loaded.
SCHOTT Pharma currently has over 6,200 injectable drugs in the drug development pipeline, of which roughly 80% are biologics. These drugs typically must be stored in innovative containers to ensure drug stability. Moreover, particularly biologics with high viscosity or those that need to be injected in high volumes require unique solutions that ensure safe and reliable administration. Ypsomed and SCHOTT Pharma cooperation would provide the new ready-to-use large format cartridges.
Glass is witnessing a significant growth by the non-reactive and recyclable nature. It is preferred for the sensitive biologics.
Plastic cartridges are gaining popularity due to their lightweight, breakage resistance, and compatibility with a wide range of drugs.
The 5ml to 10ml sized segment is growing at a robust rate due to its demand in the regular use.
Greater than 10m are used for specialized applications, including certain biologics and drugs administered in the hospital. These are having high demand in cancer treatment, cardiovascular conditions treatment, diagnostics, genetic disorders, and immunological diseases.
The pharmaceutical company, is significantly growing as cartridges represent a significant advancement in enhanced reliability and efficiency in pharmaceutical processes.
Asia Pacific will be the notably growing market during the forecast period, driven by huge population, industrialization and urbanization and investment in healthcare sector in countries like China and India.
Pharmaceutical Cartridges Market Segmentation
Knowledge Sourcing Intelligence has segmented the pharmaceutical cartridges market based on material, cartridge size, end user, and region:
Pharmaceutical Cartridges Market, By Material
Glass
Plastic
Pharmaceutical Cartridges Market, By Cartridge Size
Less than 3ml
3ml to 5ml
5ml to 10ml
Greater than 10ml
Pharmaceutical Cartridges Market, By End User
Pharmaceutical Company
Biotech Company
Biomedical Research Organization
Pharmaceutical Cartridges Market, By Region
North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Middle East and Africa (MEA)
Saudi Arabia
UAE
Rest of the Middle East and Africa
Asia Pacific
China
India
Japan
South Korea
Taiwan
Thailand
Indonesia
Rest of Asia-Pacific
Pharmaceutical Cartridges Market Key Players
Gerresheimer AG
Stevanato Group
SCHOTT AG
West Pharmaceutical Services, Inc.
Transcoject GmbH
Sigma-Aldrich, Inc.
Nipro Corporation
Dätwyler Holding Inc.
Shandong Province Medicinal Glass Co., Ltd.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2025/03/pharmaceutical-cartridge-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2025-03-13 12:04:082025-03-13 12:08:26Pharmaceutical Cartridges Market expected to reach US$3.265 billion by 2030
The railway equipment market is estimated to reach USD 120.457 billion by 2030, registering a CAGR of 4.10% from 2025 to 2030, according to a new report by Knowledge Sourcing Intelligence. The market is propelled by increased urbanization, demand for cleaner and more efficient transportation, and government investments in infrastructure development. Technological improvements like the advent of automation and electrification are poised to advance market development by improving operational efficiencies and addressing safety needs
There is increasing investment in railway infrastructure in various countries to meet the demand for transportation and to have a robust network of rails in their country. The widespread use of railways as a mode of transportation is the main factor that is driving investment in this sector by the government. Also, there is increasing technological advancement in the rail systems such as high-speed rails, urban transit systems, Electric multiple units and others.
The railway equipment market includes a wide range of products and services required for building, operating, and repairing rail networks. They encompass locomotives, passenger coaches, freight vehicles, signals, track components, and maintenance equipment. Passenger and goods train operators apply these techniques for safe, efficient, and reliable operations.
Rolling Stock led the market in 2023, capturing the largest and dominant market due to its broad scope and critical role in rail operations.
The railway infrastructure is growing at a robust rate due to massive investment in the railway.
Locomotives are growing at a higher rate, with a shift towards energy-efficient and autonomous locomotives. The locomotive is an essential component of the train system; it is a special vehicle that powers the entire train set. It refers to a self-contained rail car fueled by either gasoline or electricity. The function of this equipment is to push or pull trains to facilitate the translocation of goods and passengers.
Autonomous trains are progressing as a new method of improving train usage in cities and urban areas, which is still reliable. Real-time data transmission systems and superior sensor technology are driving the development of autonomous trains in the locomotive business.
One of the primary factors driving global railway equipment market expansion is rising expenditure in the railway industry by various countries to increase income from this sector. Furthermore, the widespread use of railways as a mode of transportation is driving investments in developing and improving existing infrastructure and equipment, supplementing demand for various types of railway equipment and contributing to market growth in the coming years.
There are growing technological advancements in rail systems. Urban transit systems, such as metros and light rail, cater to densely populated areas by offering frequent and reliable transportation. Electric multiple units (EMUs) are widely used in metro networks due to their efficiency and ability to handle frequent stops over short distances.
Asia Pacific will be the fastest-growing market during the forecast period, driven by huge population, industrialization and urbanization and investment in railways in countries like China and India.
North America is anticipated to see considerable growth, fueled by a continuous rise in consumer demands, better passenger safety measures, and technology and operational breakthroughs that have also contributed to passenger train services in the region.
Railway Equipment Market Segmentation
Knowledge Sourcing Intelligence has segmented the global Railway Equipment Market based on product type, application, and region:
Railway Equipment Market, By Type
Rolling Stock
Infrastructure
Components
Others
Railway Equipment Market, By Application
EMU
DMU
Locomotives
Coaches
Others
Railway Equipment Market, By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Australia
South Korea
Latin America
Brazil
Argentina
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Railway Equipment Market Key Players
CRRC Corporation Limited
Siemens
Alstom
HYUNDAI MOTOR GROUP
Wabtec Corporation
Mitsubishi Electric Corporation
Kawasaki Heavy Industries, Ltd.
Hitachi Rail Limited
voestalpine Railway Systems GmbH
Escorts Limited
Bombardier
Advanced Rail Management
Enviri
Trinity Industries
Rail Vikas Nigam Ltd
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2025/03/railway-equipment-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2025-03-12 12:29:072025-03-12 12:31:47Railway Equipment Market expected to reach US$120.457 billion by 2030
Marine paints are a form of specialized coating material, that is designed to protect various marine structures and vessels from harsh environmental environments. Marine paints are formulated to withstand various marine conditions, like saltwater, UV radiation, and extreme weather conditions. These paints also ensure the longevity of the vessels and marine structures and provide a protective barrier against corrosions, abrasions, and fouling.
The Marine paints offer key applications in offshore structures. In the offshore structure, the marine pains help protect the structures from harsh marine environments, which include saltwater, UV radiation, and extreme weather. In offshore structure applications, marine paints also offer multi-layered designs, which provide comprehensive protection against environmental degradation and corrosion among other effects.
The benefits of marine paint in offshore structures are as follows.
Benefits:
Corrosion protection: The major function of marine paints is to prevent rust and metal deterioration of the marine structure and vessels, by forming a protective layer or barrier against corrosive agents like saltwater.
UV Resistance: The marine paints also feature enhanced capabilities in protecting the vessels and structures from sun damage, and help in maintaining the aesthetic appeal of the vessels.
Improves performance: The marine paints also help in enhancing the performance of the marine vessels, as it helps in reducing the drag, and simultaneously reducing the environmental impacts.
Cost-effectiveness: The marine paints offer cost-effectiveness to the structure operators, as it reduces the maintenance cost, by extending the service life of the structure.
Types of marine paints used in offshore structure applications.
Primers: In the primer category, zinc-rich primers and inorganic zinc silicate primers are utilized in the offshore structure application. The zinc-rich primers are commonly utilized as the first layer to protect the metal structure, whereas the inorganic zinc silicate primers offer a strong adhesion.
Intermediate coats: As an intermediate coat, epoxy coating is utilized for offshore structure application, as it ensures a dense barrier against water and various chemical penetrations.
Topcoats: For topcoats, aliphatic polyurethane paints and polysiloxane coating are utilized, which offers protection against UV radiation and corrosion resistance.
The growing demand for the offshore energy sector and the introduction of strict environmental regulations are among the key factors propelling the growth of the global marine paints demand in the offshore structure application.
1. Increasing demand for the offshore energy sector
A major factor propelling the increase in the application of marine paints in offshore structures is the growing deployment and installation of offshore energy across the globe. The increasing offshore energy sector is estimated to expand the development of offshore energy infrastructures, increasing the demand for marine paints during the estimated timeline. These paints and coating offer protection of such infrastructures from corrosion and environmental degradations.
The global deployment and development of offshore energy sector witnessed a major growth over the recent few years. The National Renewable Energy Laboratory, or NREL of the USA, in its report, stated that the US offshore wind energy pipeline witnessed a growth of about 53%, or about 27,836 MW, reaching a total generating capacity of 80,523 MW in May 2024. The agency further stated that in the nation, the proposed generating capacity of the US offshore wind energy in the Gulf of Maine is estimated at 15,702 MW, whereas the potential generating capacity in mid-Atlantic and Oregon is estimated at 4,499 MW and 3,156 MW respectively.
Offshore Wind Energy Potential Generating Capacity in USA, MW, 2024
Source: National Renewable Energy Laboratory
The agency also stated that the investment in the offshore energy sector also witnessed major growth in the nation. The agency stated that the Government of the US aims to set up the first commercial-scale offshore wind power plant, with a capacity of about 132 MW, in the South Fork Wind Farm of Rhode Island. Similarly, another projected commercial-scale offshore power plant, with a capacity of 806 MW in the Vineyard Wind 1 project.
2. Expansion of the global shipbuilding and repair activities.
The growth of the global shipbuilding and repair sector is among the key factors pushing the demand for marine pains for offshore structure applications. With the growing shipbuilding and repair sector across the globe, the construction of offshore infrastructure has increased significantly. The global shipbuilding sector witnessed a major growth over the recent few years. The US Naval Institute, in its report, stated that the total target of the shipbuilding is aimed at 381 ships in 2024.
Similarly, the Ministry of Ports, Shipping, and Waterways, of the Indian Government, stated that the total number of ships built and delivered in India reached 206 in 2022-23, compared to 78 ships built and delivered in 2919-20. The agency stated that in 2020-21, a total of 69 ships were built and delivered in the nation, which surged to 113 in 2021-22.
3. Advancement in marine paints technology
The demand for marine paints for offshore structure applications is estimated to witness major growth during the next few years. The increasing technological advancement in the marine paints sector is among the major factors pushing the growth of the market, as the introduction of key innovation, like integrating nano-healing and nano-coating technology in these paints, is estimated to enhance the longevity and performance of the marine paints in the offshore infrastructure.
Marine Paints Market Key Developments
In November 2024, Iberdrola, S.A., a Spanish multinational electric utility company, announced its investment in the offshore wind coating start-up, RTS. The investment aims to develop innovative and advanced coating materials for offshore wind and energy sectors. The company also aims to promote the production and sale of innovative solutions related to the manufacturing of insulation and anti-corrosion coatings.
The demand for marine paints for offshore structure application is estimated to witness a significant increase, mainly as these paints offer key benefits, like protection from UV radiations, corrosions, and abrasions to the metals used in the infrastructures. Moreover, the increasing demand for the offshore energy sector and growth of the shipbuilding & repair activities are also among the key factors pushing the application of marine paints in offshore structures.
Solar energy has become an important part in the world’s transition to renewable energy and provides a clean, abundant, and sustainable substitute for fossil fuels. However, with intermittency and availability of sunlight practically during the day, and disappearing at night, or through clouds, this has led to the energy enduring a challenge in its broader acceptance. This limitation is being overcome by storing excess energy during sunny hours when the sunshine is maximum, and discharging it when otherwise solar input is low or absent, be it nighttime or under cloudy skies. Thermal Energy Storage (TES) generates more efficient, reliable, and usable solar energy possible by decoupling energy generation from demand, especially in Concentrated Solar Power (CSP) plants.
TES systems indirectly store thermal energy by a diverse (heat or cold) medium from which heat can later be released for electricity generation, heating, or cooling. An effective TES system will be characterized by heat capacity of the storage medium, the ability of the system to store energy over long or short periods of time, heat transferability of the system, and further, operational temperature range. This elaborates on three TES principles practically: sensible heat storage, latent heat storage, and thermochemical heat storage. These three technologies function over a range of temperatures for different periods and hence may fulfill the needs of several energy systems.
Sensible Heat Storage- This method is based on raising or lowering the temperature of a medium (liquid or solid) such as water, sand, molten salts, graphite, or rocks in order to store and later use that thermal energy for applications between low temperature and very high temperature. Sensible heat commonly fills the role for TES, thus bringing about commercial practice ranging from the residential to the industrial scale. The storage temperatures for this process range from less than 0 to over 2400 °C, with their application durations ranging from a few minutes to a few months in cases such as low-temperature storage that utilizes underground water storage.
Latent Heat Storage- It utilizes a phase-change material that absorbs and stores thermal energy at a constant temperature during off-peak hours by melting and releasing the stored thermal energy during peak demand time as it solidifies. It is able to store heat at temperatures ranging from <0 °C and up to 1600 °C for a duration of hours to days.
Thermochemical Storage- The thermochemical storage works in two ways: chemical reactions and sorption processes. In the first case, energy is retained as the heat of reaction of reversible reactions; in the latter case, thermal energy is stored by physically bonding (adsorption) or being dissolved (absorption) by the working medium. TCS technologies can store thermal energy at temperature ranges of < 0 °C up to about 900 °C, usually for the duration of hours to days and at potentially months.
Furthermore, as TES solution allows the preservation of heat for later use, for instance, in on-demand electricity or in industrial processes. Concentrating solar-thermal power plants utilize TES as peakers, baseloads, or continuous sources of solar industrial process heat; thus, making them flexible by offsetting or replacing conventional fuel combustion.
Moreover, the TES mechanisms can be integrated with concentrating solar power systems. In CSPs, solar radiation focused onto a receiver generates the heat required for subsequent high-temperature applications. Unlike photovoltaic systems, which convert sunlight into electricity directly, CSP uses the thermal energy to be stored and can be converted to electricity using steam or gas turbines. Further, TES allows the operation of CSP as dispatchable power sources that can provide electricity elsewhere than when the sun shines. There is growing innovation in the TES mechanism utilized for solar power generation. For instance, in January 2025, CST Researchers of Khalifa University of Science and Technology developed a perovskite blend to enhance the performance of solar thermochemistry and redox cycleability for lowering solar fuels and thermal energy storage costs, which was revealed at the 30th SolarPACES Conference.
Moreover, Noor Energy 1 added 400 MW this 2023, increasing the capacity of the world’s largest CSP plant in the United Arab Emirates, thus bringing the total global installed CSP capacity to 6.7 GW, where 6.3 GW was accounted for in the previous year i.e. 2022, as stated in the Renewables 2024 Global Status Report collection, Renewables in Energy Supply data. Moreover, as of the end of 2023, China has reported 40 new CSP projects at different construction and commissioning stages.
Increase in Concentrated Solar Thermal Power (CSP) Installed Capacity Globally, in Gw, in 2022 and 2023
Renewables 2024 Global Status Report collection, Renewables in Energy Supply
Additionally, TES is progressively combined with PV beyond CSP, particularly in hybrid forms, such as powering resistive heaters with excess PV electricity to charge thermal storage media like sand or concrete, releasing heat later on for district heating or industrial use.
In September 2024, researchers at the National Renewable Energy Laboratory (NREL) demonstrated a new long-duration thermal energy storage technology, sand as the storage medium, for 100 hours. The ultimate goal is to provide storage at the cost of pumped hydro, with a Levelized Cost of Storage (LCOS) of $0.05/kWh. It heats the sand using a series of heating elements, much like a toaster, so it can later discharge heat or power for 100 hours.
Furthermore, the ongoing research deals with advanced TES materials and technologies that can use or withstand higher temperatures while still keeping cost low. In addition, improving the efficiency and durability of TES systems is also of utmost importance in the growing research by diverse organizations, and market players.
In August 2024, the US Department of Energy funded a demonstration of GeoTES (Geologic Thermal Energy Storage), a novel climate technology that stores concentrated solar heat for long durations. A full-scale validation is to be undertaken at a 5-acre site near Bakersfield, California, with parabolic trough solar collectors gathering the sun’s energy every day, which will enable the technology to supply energy for 40 days of 24-hour periods or 80 consecutive nights at a time for testing and operation at a depleted oil reservoir underground.
Similarly, Synhelion invented the technology to produce solar fuels day and night in 2024. This minimizes the production of CO2 and greatly helps the transportation industry to be net-zero. The proprietary technology of the company developed solar fuels and uses high-temperature thermochemical processes to convert solar energy into renewable fuels through “Sun-to-Liquid.” As production is not around for 24 hours, the solar energy storage is important for optimized and cost-effective production and provides thermal energy storage solutions for solar energy storage.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2025/03/thermal-energy-storage-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2025-03-07 11:35:002025-03-11 13:10:50Thermal Energy Storage for Solar Power: Maximizing Efficiency and Output
The global Proppants market size is estimated to reach US$14.317 billion by 2030, registering a CAGR of 9.97% from 2025 to 2030, according to a new report by Knowledge Sourcing Intelligence. The increasing production of crude oil and natural gas is among the key factors propelling the growth of the global proppant market, as the proppants are utilized to hold open fractures after generating conduits for oil and gas. The growing advancement in hydraulic fracturing technology is also among the key factors propelling the growth of the global proppants market during the estimated timeline.
The global hydraulic fracturing technology and proppant materials sector witnessed the introduction and development of the latest technology, like resin-coated and ceramic proppants, which helps enhance the efficiency and durability of the fracturing process. Growth of the fracturing technology is also among the key factors propelling the growth of the market. The introduction of key technologies, which include technologies like horizontal multistage fracturing, also enhances the efficiency of hydraulic fracturing operations.
The proppants offer their application across multiple sectors, like hydraulic fracturing, shale gas extraction, tight gas & oil extraction, and enhanced oil recovery among others. The proppants are also utilized in gravel packing, as the proppants control sand production, and maintain well productivity. The introduction of key governmental policies and investment in the oil and gas sector is also among the major factors pushing the growth of the market during the estimated timeline. Various countries across the globe, like India, the USA, and China, have introduced key investments and introduction of policies to boost oil and gas production and exploration, pushing the proppant market.
The frac sand proppants category of the type segment is estimated to attain greater market share by 2030, as the frac sand proppants offer cost-effective solutions across multiple industries.
The rising global demand for oil and gas, majorly in emerging economies, is among the major factors propelling the growth of the market. The demand for oil and gas witnessed major growth over the forecasted timeline, majorly with the increasing demand for energy across the globe.
Asia Pacific held the largest market share in 2023, driven by increasing production of crude oil and natural gas, in countries like China and India. The expansion of shale gas exploration in the region, especially in countries like India, China, Myanmar, and Vietnam, is among the key factors pushing the growth of the proppants market in the Asia Pacific region during the forecasted timeline.
North America is anticipated to see steady growth, fueled by advancement in the fracturing technology in the region. The major factor propelling the growth of the market in the North American region is the increasing fracturing activities, especially in the countries like USA and Mexico. Similarly, the growing demand for energy in the region is also estimated to boost the growth of the market in the North American region.
Proppants Market Segmentation
Knowledge Sourcing Intelligence has segmented the global Proppants Market based on product type, application, and region:
The isothermal bags & containers market is expected to grow at a CAGR of 6.08%, reaching a market size of US$3.426 billion in 2030 from US$2.551 billion in 2025, according to a new report by Knowledge Sourcing Intelligence. The market is growing with the rise in the requirement for safe transportation of temperature-controlled products such as pharmaceutical, perishable goods, and biological samples. The rapid urbanization with growing demand for processed, ready-to-eat and frozen foods is also leading to a rise in demand for isothermal packaging for the safety of products during delivery as well as to maintain its freshness.
Isothermal bags and containers are designed to keep their contents at a specific temperature over time, holding whether hot or cold. They accomplish this with insulation that slows heat transfer, hence keeping things longer at low temperatures, and conversely, holding heat in the packaging. Typical applications are food delivery services, picnics, shopping, pharmaceuticals, biological samples, and serving drinks in a specific temperature range. The insulation materials, which tend to be several layers thick, allow for such a function, with some innovative containers using vacuum insulation for optimal retention of temperature.
In addition, the isothermal bags & containers market includes the consistent maintenance of temperature with safe transportation of a wide range of temperature-sensitive goods. They encompass pharmaceutical, food, and biological product industries. The rapid industrialization with the requirement of sustainable materials will lead to advancement in this market.
The development of isothermal bags and containers as well as globalization of market players is also creating opportunities for the growth of the market during the projected period. In May 2024, EMBALL’ISO, the French manufacturer of temperature-controlled packaging boxes for medical and pharmaceutical products, announced the start of its business in Australia and New Zealand, after the establishment of EMBALL’ISO Australia in 2023. This enables EMBALL’ISO to offer an even wider range of isothermal packaging locally.
According to future predictions, the isothermal bags and containers market in the Asia-Pacific region is projected to grow mainly due to increased demand for temperature-sensitive goods, growth in cold chain logistics, increased global trade, and awareness among consumers. Other aspects driving demand in this area include rising disposable incomes, urbanization, e-commerce, and the pharmaceutical industry.
The isothermal bags and container will grow in demand in the region, countries like China, Japan, and South Korea, to carry perishables around safely and efficiently. The region active in international trade, particularly in export and import of perishables, which keeps fueling the demand for isothermal packaging solutions. Consumers are more aware of food safety as well as the requirement of temperature control during transportation of food. This economic growth, changing consumer preferences, and major industry expansion make the Asia-Pacific one of the most promising markets for isothermal bags and containers.
Container holds the largest and dominant market share due to the ability to maintain temperature stability for a longer time, along with mechanical strength.
The polyurethane material is growing at a robust rate due to the rise in sustainability, with it being an excellent thermal insulator and highly durable.
Pharmaceutical industry is growing at a higher rate, driven by rising temperature-sensitive products, efficient transportation, and use in clinical trials.
Asia Pacific will be the rising market during the projected period, because of increasing demand for ready-made meals and processed products in the region. The growing healthcare sector will also lead to a rise in demand for reliable temperature-controlled packaging solutions.
North America is anticipated to see significant growth, due to the region having a robust healthcare and pharmaceutical industry requiring cold chain logistics. Moreover, with the rise in investment in biomedical research, it will also contribute to its expansion.
Isothermal Bags & Containers Market Segmentation
Knowledge Sourcing Intelligence has segmented the global Isothermal Bags & Containers Market based on type, material type, end-user, and region:
Isothermal Bags & Containers Market, By Type
Bags
Containers
Isothermal Bags & Containers Market, By Material Type
Instant Noodles Market expected to reach US$73.988 billion by 2030
Press ReleasesInstant Noodles Market Trends & Forecast:
The global instant noodles market size is estimated to reach USD 73.988 billion by 2030, registering a CAGR of 4.30% from 2024 to 2030, according to a new report by Knowledge Sourcing Intelligence. Instant noodles, also known as instant ramen are a type of pre-cooked noodles, that are sold in a dried form, along with seasoning oil or flavoring powders. The instant noodles are specially designed to offer convenience and affordability to the users. It also offers a longer shelf life and essential nutritional value. The Instant noodles also come in a wide variety of flavors and inclusion of multiple vegetables and meat types.
The major factors propelling the growth of the global instant noodles market are the increasing urbanization and growing disposable income of the consumer, especially in developing nations. With the growing urbanization, the demand for convenient products with longer shelf life increases significantly. Similarly, the growing innovation in the packaging and product processing also enhances the growth of the market during the forecasted timeline.
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Instant Noodles Market Report Highlights:
Instant Noodles Market Segmentation:
Knowledge Sourcing Intelligence has segmented the global instant noodles market based on type, broth variety, packaging, distribution channel, and region:
Instant Noodles Market, By Type
Instant Noodles Market, By Broth Variety
Instant Noodles Market, By Packaging
Instant Noodles Market, By Distribution Channel
Instant Noodles Market, By Region
Instant Noodles Market Key Players
Almond Ingredients Market Share
Global Dried Fruit Market Size
Pulse Flour Market Report
E-Pharma Market expected to reach US$133.369 billion by 2030
Press ReleasesE-Pharma Market Trends & Forecast:
The e-pharma market is projected to witness a compounded annual growth rate of 15.51%, growing to US$133.369 billion by 2030 from US$64.870 billion in 2025, according to a new report by Knowledge Sourcing Intelligence. The rising technological advancement, such as blockchain, telemedicine, logistics and delivery innovations, AI, and e-commerce adoptions, is leading to the growth in the market. E-pharmacies offer patients the ability to order prescription and over-the-counter drugs online, which is contributing to its expansion. They also provide reminders of consultations, discounts, drug refill, and loyalty programs. These attributes lead to e-pharmacies witnessing growth in popularity in comparison to traditional pharmacies.
Additionally, rising e-commerce adoption among consumers with a large number of people using online platform services for purchasing medications, offering convenience and transparency in pricing and availability of different brands. Government initiatives with policies and regulations for encouraging compliance and trust support the growth in the market. The growing investment and innovation, like the virtual catalog, prescription refills, integration of the automated platforms with medicine, and collaboration to provide quick delivery options and same-day delivery, is also leading to its growth during the forecasted period.
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E-Pharma Market Report Highlights:
E-Pharma Market Segmentation:
Knowledge Sourcing Intelligence has segmented the E-Pharma Market based on drug type, application, and region:
E-Pharma Market, By Drug Type
E-Pharma Market, By Application
E-Pharma Market, By Region
E-Pharma Market Key Players:
AI in E-commerce Market Report
Private Health Insurance Market Size
AI in Clinical Settings Market Trends
Large Volume Parenteral Market expected to reach US$15.843 billion by 2030
Press ReleasesLarge Volume Parenteral Market Trends & Forecast:
The global large-volume parenteral market size is estimated to reach USD 15.843 billion by 2030, registering a CAGR of 5.05% from 2024 to 2030, according to a new report by Knowledge Sourcing Intelligence. The large volume parenteral is a form of aqueous solution, which is usually supplied in volumes of 100 ml and 5,000 ml. The LVP is usually utilized to provide fluid replacement therapy. The global large-volume parenteral market is estimated to attain a greater market share during the forecasted timeline, majorly with the increasing prevalence of chronic diseases across the globe. In the cases of chronic diseases, like cancer, diabetes, and CVD, the LVP products are utilized in administrating medications.
Similarly, the growing geriatric population is also estimated to boost the growth of the market during the estimated timeline. With the growing aging population, the diseases related to difficulty in swallowing and digesting oral medication increase. Similarly, the rising elderly population also enhances the need for healthcare needs. The growing demand for biosimilar and biologics are also forecasted to grow the market during the estimated timeline.
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Large Volume Parenteral Market Report Highlights:
Large Volume Parenteral Market Segmentation:
Knowledge Sourcing Intelligence has segmented the global large-volume parenteral market based on volume, application, packaging container, and region:
Large Volume Parenteral Market, By Volume
Large Volume Parenteral Market, By Application
Large Volume Parenteral Market, By Packaging Container
Large Volume Parenteral Market, By Region
Large Volume Parenteral Market Key Players:
Global Human Microbiome Market Size
Cell Surface Markers Market Report
Global Aptamers Market Share
Energy Drink Market expected to reach US$115.854 billion by 2030
Press ReleasesEnergy Drink Market Trends & Forecast
The global energy drink market is estimated to grow at a CAGR of 6.75%, attaining US$115.854 billion by 2030, from US$83.555 billion in 2025, according to a new report by Knowledge Sourcing Intelligence. A major factor propelling the global energy drinks market growth is the increasing rate of urbanization worldwide. With the increasing urbanization and disposable income of the consumer, the demand for processed and premium products is expected to grow. The World Bank, in its global population report, stated that the total urban population was recorded at 4.46 billion in 2021, which increased to 4.54 billion in 2022. In 2023, the total urban population in the world was recorded at 4.61 billion.
The increasing global retail sales of foods and beverage products are expected to propel the energy drinks market growth during the forecasted timeline. The global retail food and beverage products sales witnessed significant growth over the past few years. The Department of Statistics of Singapore announced in December 2023 that total food and beverage retail sales increased by about 0.4% from the previous year. The agency stated that in December 2023, the total sales value of food and beverage retail sales was recorded at US$1 billion.
Similarly, Agriculture Canada, in its report, stated that in 2023, the total retail sales of packed food products in Canada was recorded at CAN$ 77.6 billion. Dairy sales were recorded at CAN$ 16.6 billion in the total retail food sales, whereas the snacks category sales were recorded at CAN$ 6.6 billion.
The global energy drink market includes a wide range of products including carbonated and non-carbonated. By alcohol type, the market is segmented into alcoholic and non-alcoholic.
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Global Energy Drink Market Report Highlights
Global Energy Drink Market Segmentation
Knowledge Sourcing Intelligence has segmented the global energy drink market based on product type, alcohol content, packaging type, and distribution channel:
Global Energy Drink Market, By Product Type
Global Energy Drink Market, By Alcohol Content
Global Energy Drink Market, By Packaging Type
Global Energy Drink Market, By Distribution Channel
Global Energy Drink Market, By Region
Global Energy Drink Market Key Players
Global Beauty Drinks Market share
Sports Nutrition Market Size
Recovery Drinks Market Report
Pharmaceutical Cartridges Market expected to reach US$3.265 billion by 2030
Press ReleasesThe global pharmaceutical cartridge market is expected to grow at a CAGR of 3.23% over the forecast period to reach a total market size of US$3.265 billion by 2030, increasing from US$2.785 billion in 2025.
Pharmaceutical Cartridges Market Trends & Forecast
The market is propelled by increased investment in the healthcare sector, growing adoption of self-administration devices, stringent regulatory requirements, and increasing geriatric population. The global expansion of the pharmaceutical industry, driving the demand for cartridges as a packaging solution, such as in September 2024, Stevanato Group S.p.A., Gerresheimer AG, and SCHOTT Pharma AG & Co. KGaA, announced that they have entered into a strategic industry alliance to support market adoption of Ready-to-Use (RTU) vials and cartridges. The Alliance for RTU aimed to share with pharmaceutical companies, CMOs and CDMOs technical knowledge in high-quality sterile primary packaging, specifically ready-to-fill vials and cartridges.
Additionally, adding to the production capacity, in May 2024, Stevanato Group S.p.A. announced the inauguration of its Cisterna di Latina plant. It is located just a few kilometers from the plant in Latina, the new site covers an area of 65,000 square meters and employs around 200 people. The facility started commercial production in Q4 2023 and houses advanced production lines developed by Stevanato Group for the production of EZ-fill pre-sterilized syringes. The production facility is aimed at the modern challenges of the European market, constantly growing in biopharmaceuticals, such as GLP-1s. Furthermore, the Company is planning to implement production with EZ-fill pre-sterilized cartridges between 2025 and 2026 as the site becomes fully operational. Stevanato Group is a leading provider of drug containment, drug delivery, and diagnostic solutions to the pharmaceutical and biotechnology industries.
Advancement in the technologies in the production technology serves as a significant factor propelling the market. In February 2024, INCOG BioPharma Services, added a high-speed OPTIMA filling line that will provide an additional 100 million units of syringe and cartridge filling capacity. INCOG secured $75 million of funding for this expansion efforts. It would complement the company’s existing filling line, bringing the company’s total filling capacity to 140 million units per year. In addition to the new filling line, INCOG recently added automated visual inspection capabilities and completed qualification of equipment to support auto-injector device assembly services.
Further, in July 2024, SCHOTT Pharma launched large format ready-to-use cartridges for on-body devices. These are used to treat cancer, metabolic disorders, cardiovascular conditions, genetic disorders, and immunological diseases, they are designed to store highly sensitive biologics. By partnering with device manufacturer Ypsomed, SCHOTT Pharma’s new RTU cartridges are compatible with the on-body device YpsoDose. The fully assembled device is the first on the market that is prefilled and pre-loaded.
SCHOTT Pharma currently has over 6,200 injectable drugs in the drug development pipeline, of which roughly 80% are biologics. These drugs typically must be stored in innovative containers to ensure drug stability. Moreover, particularly biologics with high viscosity or those that need to be injected in high volumes require unique solutions that ensure safe and reliable administration. Ypsomed and SCHOTT Pharma cooperation would provide the new ready-to-use large format cartridges.
➥ View a sample of the report or purchase the complete study at: Pharmaceutical Cartridges Market
Pharmaceutical Cartridges Market Report Highlights
Pharmaceutical Cartridges Market Segmentation
Knowledge Sourcing Intelligence has segmented the pharmaceutical cartridges market based on material, cartridge size, end user, and region:
Pharmaceutical Cartridges Market, By Material
Pharmaceutical Cartridges Market, By Cartridge Size
Pharmaceutical Cartridges Market, By End User
Pharmaceutical Cartridges Market, By Region
Pharmaceutical Cartridges Market Key Players
Railway Equipment Market expected to reach US$120.457 billion by 2030
Press ReleasesRailway Equipment Market Trends & Forecast
The railway equipment market is estimated to reach USD 120.457 billion by 2030, registering a CAGR of 4.10% from 2025 to 2030, according to a new report by Knowledge Sourcing Intelligence. The market is propelled by increased urbanization, demand for cleaner and more efficient transportation, and government investments in infrastructure development. Technological improvements like the advent of automation and electrification are poised to advance market development by improving operational efficiencies and addressing safety needs
There is increasing investment in railway infrastructure in various countries to meet the demand for transportation and to have a robust network of rails in their country. The widespread use of railways as a mode of transportation is the main factor that is driving investment in this sector by the government. Also, there is increasing technological advancement in the rail systems such as high-speed rails, urban transit systems, Electric multiple units and others.
The railway equipment market includes a wide range of products and services required for building, operating, and repairing rail networks. They encompass locomotives, passenger coaches, freight vehicles, signals, track components, and maintenance equipment. Passenger and goods train operators apply these techniques for safe, efficient, and reliable operations.
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Railway Equipment Market Report Highlights
Railway Equipment Market Segmentation
Knowledge Sourcing Intelligence has segmented the global Railway Equipment Market based on product type, application, and region:
Railway Equipment Market, By Type
Railway Equipment Market, By Application
Railway Equipment Market, By Region
Railway Equipment Market Key Players
Marine Paints for Offshore Structures: Enhancing Durability and Protection
Thought ArticlesMarine paints are a form of specialized coating material, that is designed to protect various marine structures and vessels from harsh environmental environments. Marine paints are formulated to withstand various marine conditions, like saltwater, UV radiation, and extreme weather conditions. These paints also ensure the longevity of the vessels and marine structures and provide a protective barrier against corrosions, abrasions, and fouling.
The Marine paints offer key applications in offshore structures. In the offshore structure, the marine pains help protect the structures from harsh marine environments, which include saltwater, UV radiation, and extreme weather. In offshore structure applications, marine paints also offer multi-layered designs, which provide comprehensive protection against environmental degradation and corrosion among other effects.
The benefits of marine paint in offshore structures are as follows.
Benefits:
Types of marine paints used in offshore structure applications.
The growing demand for the offshore energy sector and the introduction of strict environmental regulations are among the key factors propelling the growth of the global marine paints demand in the offshore structure application.
1. Increasing demand for the offshore energy sector
A major factor propelling the increase in the application of marine paints in offshore structures is the growing deployment and installation of offshore energy across the globe. The increasing offshore energy sector is estimated to expand the development of offshore energy infrastructures, increasing the demand for marine paints during the estimated timeline. These paints and coating offer protection of such infrastructures from corrosion and environmental degradations.
The global deployment and development of offshore energy sector witnessed a major growth over the recent few years. The National Renewable Energy Laboratory, or NREL of the USA, in its report, stated that the US offshore wind energy pipeline witnessed a growth of about 53%, or about 27,836 MW, reaching a total generating capacity of 80,523 MW in May 2024. The agency further stated that in the nation, the proposed generating capacity of the US offshore wind energy in the Gulf of Maine is estimated at 15,702 MW, whereas the potential generating capacity in mid-Atlantic and Oregon is estimated at 4,499 MW and 3,156 MW respectively.
Offshore Wind Energy Potential Generating Capacity in USA, MW, 2024
Source: National Renewable Energy Laboratory
The agency also stated that the investment in the offshore energy sector also witnessed major growth in the nation. The agency stated that the Government of the US aims to set up the first commercial-scale offshore wind power plant, with a capacity of about 132 MW, in the South Fork Wind Farm of Rhode Island. Similarly, another projected commercial-scale offshore power plant, with a capacity of 806 MW in the Vineyard Wind 1 project.
2. Expansion of the global shipbuilding and repair activities.
The growth of the global shipbuilding and repair sector is among the key factors pushing the demand for marine pains for offshore structure applications. With the growing shipbuilding and repair sector across the globe, the construction of offshore infrastructure has increased significantly. The global shipbuilding sector witnessed a major growth over the recent few years. The US Naval Institute, in its report, stated that the total target of the shipbuilding is aimed at 381 ships in 2024.
Similarly, the Ministry of Ports, Shipping, and Waterways, of the Indian Government, stated that the total number of ships built and delivered in India reached 206 in 2022-23, compared to 78 ships built and delivered in 2919-20. The agency stated that in 2020-21, a total of 69 ships were built and delivered in the nation, which surged to 113 in 2021-22.
3. Advancement in marine paints technology
The demand for marine paints for offshore structure applications is estimated to witness major growth during the next few years. The increasing technological advancement in the marine paints sector is among the major factors pushing the growth of the market, as the introduction of key innovation, like integrating nano-healing and nano-coating technology in these paints, is estimated to enhance the longevity and performance of the marine paints in the offshore infrastructure.
Marine Paints Market Key Developments
The demand for marine paints for offshore structure application is estimated to witness a significant increase, mainly as these paints offer key benefits, like protection from UV radiations, corrosions, and abrasions to the metals used in the infrastructures. Moreover, the increasing demand for the offshore energy sector and growth of the shipbuilding & repair activities are also among the key factors pushing the application of marine paints in offshore structures.
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Thermal Energy Storage for Solar Power: Maximizing Efficiency and Output
Thought ArticlesSolar energy has become an important part in the world’s transition to renewable energy and provides a clean, abundant, and sustainable substitute for fossil fuels. However, with intermittency and availability of sunlight practically during the day, and disappearing at night, or through clouds, this has led to the energy enduring a challenge in its broader acceptance. This limitation is being overcome by storing excess energy during sunny hours when the sunshine is maximum, and discharging it when otherwise solar input is low or absent, be it nighttime or under cloudy skies. Thermal Energy Storage (TES) generates more efficient, reliable, and usable solar energy possible by decoupling energy generation from demand, especially in Concentrated Solar Power (CSP) plants.
TES systems indirectly store thermal energy by a diverse (heat or cold) medium from which heat can later be released for electricity generation, heating, or cooling. An effective TES system will be characterized by heat capacity of the storage medium, the ability of the system to store energy over long or short periods of time, heat transferability of the system, and further, operational temperature range. This elaborates on three TES principles practically: sensible heat storage, latent heat storage, and thermochemical heat storage. These three technologies function over a range of temperatures for different periods and hence may fulfill the needs of several energy systems.
Sensible Heat Storage- This method is based on raising or lowering the temperature of a medium (liquid or solid) such as water, sand, molten salts, graphite, or rocks in order to store and later use that thermal energy for applications between low temperature and very high temperature. Sensible heat commonly fills the role for TES, thus bringing about commercial practice ranging from the residential to the industrial scale. The storage temperatures for this process range from less than 0 to over 2400 °C, with their application durations ranging from a few minutes to a few months in cases such as low-temperature storage that utilizes underground water storage.
Latent Heat Storage- It utilizes a phase-change material that absorbs and stores thermal energy at a constant temperature during off-peak hours by melting and releasing the stored thermal energy during peak demand time as it solidifies. It is able to store heat at temperatures ranging from <0 °C and up to 1600 °C for a duration of hours to days.
Thermochemical Storage- The thermochemical storage works in two ways: chemical reactions and sorption processes. In the first case, energy is retained as the heat of reaction of reversible reactions; in the latter case, thermal energy is stored by physically bonding (adsorption) or being dissolved (absorption) by the working medium. TCS technologies can store thermal energy at temperature ranges of < 0 °C up to about 900 °C, usually for the duration of hours to days and at potentially months.
Furthermore, as TES solution allows the preservation of heat for later use, for instance, in on-demand electricity or in industrial processes. Concentrating solar-thermal power plants utilize TES as peakers, baseloads, or continuous sources of solar industrial process heat; thus, making them flexible by offsetting or replacing conventional fuel combustion.
Moreover, the TES mechanisms can be integrated with concentrating solar power systems. In CSPs, solar radiation focused onto a receiver generates the heat required for subsequent high-temperature applications. Unlike photovoltaic systems, which convert sunlight into electricity directly, CSP uses the thermal energy to be stored and can be converted to electricity using steam or gas turbines. Further, TES allows the operation of CSP as dispatchable power sources that can provide electricity elsewhere than when the sun shines. There is growing innovation in the TES mechanism utilized for solar power generation. For instance, in January 2025, CST Researchers of Khalifa University of Science and Technology developed a perovskite blend to enhance the performance of solar thermochemistry and redox cycleability for lowering solar fuels and thermal energy storage costs, which was revealed at the 30th SolarPACES Conference.
Moreover, Noor Energy 1 added 400 MW this 2023, increasing the capacity of the world’s largest CSP plant in the United Arab Emirates, thus bringing the total global installed CSP capacity to 6.7 GW, where 6.3 GW was accounted for in the previous year i.e. 2022, as stated in the Renewables 2024 Global Status Report collection, Renewables in Energy Supply data. Moreover, as of the end of 2023, China has reported 40 new CSP projects at different construction and commissioning stages.
Increase in Concentrated Solar Thermal Power (CSP) Installed Capacity Globally, in Gw, in 2022 and 2023
Renewables 2024 Global Status Report collection, Renewables in Energy Supply
Additionally, TES is progressively combined with PV beyond CSP, particularly in hybrid forms, such as powering resistive heaters with excess PV electricity to charge thermal storage media like sand or concrete, releasing heat later on for district heating or industrial use.
In September 2024, researchers at the National Renewable Energy Laboratory (NREL) demonstrated a new long-duration thermal energy storage technology, sand as the storage medium, for 100 hours. The ultimate goal is to provide storage at the cost of pumped hydro, with a Levelized Cost of Storage (LCOS) of $0.05/kWh. It heats the sand using a series of heating elements, much like a toaster, so it can later discharge heat or power for 100 hours.
Furthermore, the ongoing research deals with advanced TES materials and technologies that can use or withstand higher temperatures while still keeping cost low. In addition, improving the efficiency and durability of TES systems is also of utmost importance in the growing research by diverse organizations, and market players.
In August 2024, the US Department of Energy funded a demonstration of GeoTES (Geologic Thermal Energy Storage), a novel climate technology that stores concentrated solar heat for long durations. A full-scale validation is to be undertaken at a 5-acre site near Bakersfield, California, with parabolic trough solar collectors gathering the sun’s energy every day, which will enable the technology to supply energy for 40 days of 24-hour periods or 80 consecutive nights at a time for testing and operation at a depleted oil reservoir underground.
Similarly, Synhelion invented the technology to produce solar fuels day and night in 2024. This minimizes the production of CO2 and greatly helps the transportation industry to be net-zero. The proprietary technology of the company developed solar fuels and uses high-temperature thermochemical processes to convert solar energy into renewable fuels through “Sun-to-Liquid.” As production is not around for 24 hours, the solar energy storage is important for optimized and cost-effective production and provides thermal energy storage solutions for solar energy storage.
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Proppants Market expected to reach US$14.317 billion by 2030
Press ReleasesProppants Market Trends & Forecast
The global Proppants market size is estimated to reach US$14.317 billion by 2030, registering a CAGR of 9.97% from 2025 to 2030, according to a new report by Knowledge Sourcing Intelligence. The increasing production of crude oil and natural gas is among the key factors propelling the growth of the global proppant market, as the proppants are utilized to hold open fractures after generating conduits for oil and gas. The growing advancement in hydraulic fracturing technology is also among the key factors propelling the growth of the global proppants market during the estimated timeline.
The global hydraulic fracturing technology and proppant materials sector witnessed the introduction and development of the latest technology, like resin-coated and ceramic proppants, which helps enhance the efficiency and durability of the fracturing process. Growth of the fracturing technology is also among the key factors propelling the growth of the market. The introduction of key technologies, which include technologies like horizontal multistage fracturing, also enhances the efficiency of hydraulic fracturing operations.
The proppants offer their application across multiple sectors, like hydraulic fracturing, shale gas extraction, tight gas & oil extraction, and enhanced oil recovery among others. The proppants are also utilized in gravel packing, as the proppants control sand production, and maintain well productivity. The introduction of key governmental policies and investment in the oil and gas sector is also among the major factors pushing the growth of the market during the estimated timeline. Various countries across the globe, like India, the USA, and China, have introduced key investments and introduction of policies to boost oil and gas production and exploration, pushing the proppant market.
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Proppants Market Report Highlights
Proppants Market Segmentation
Knowledge Sourcing Intelligence has segmented the global Proppants Market based on product type, application, and region:
Proppants Market, By Product Type
Proppants Market, By Application
Proppants Market, By Region
Proppants Market Key Players
Chemical Blowing Agents Market Size
Specialty Adhesive Market Share
Polyarylsulfone Market Report
Isothermal Bags & Containers Market expected to reach $3.426 Billion by 2030
Press ReleasesIsothermal Bags & Containers Market Trends & Forecast
The isothermal bags & containers market is expected to grow at a CAGR of 6.08%, reaching a market size of US$3.426 billion in 2030 from US$2.551 billion in 2025, according to a new report by Knowledge Sourcing Intelligence. The market is growing with the rise in the requirement for safe transportation of temperature-controlled products such as pharmaceutical, perishable goods, and biological samples. The rapid urbanization with growing demand for processed, ready-to-eat and frozen foods is also leading to a rise in demand for isothermal packaging for the safety of products during delivery as well as to maintain its freshness.
Isothermal bags and containers are designed to keep their contents at a specific temperature over time, holding whether hot or cold. They accomplish this with insulation that slows heat transfer, hence keeping things longer at low temperatures, and conversely, holding heat in the packaging. Typical applications are food delivery services, picnics, shopping, pharmaceuticals, biological samples, and serving drinks in a specific temperature range. The insulation materials, which tend to be several layers thick, allow for such a function, with some innovative containers using vacuum insulation for optimal retention of temperature.
In addition, the isothermal bags & containers market includes the consistent maintenance of temperature with safe transportation of a wide range of temperature-sensitive goods. They encompass pharmaceutical, food, and biological product industries. The rapid industrialization with the requirement of sustainable materials will lead to advancement in this market.
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The development of isothermal bags and containers as well as globalization of market players is also creating opportunities for the growth of the market during the projected period. In May 2024, EMBALL’ISO, the French manufacturer of temperature-controlled packaging boxes for medical and pharmaceutical products, announced the start of its business in Australia and New Zealand, after the establishment of EMBALL’ISO Australia in 2023. This enables EMBALL’ISO to offer an even wider range of isothermal packaging locally.
According to future predictions, the isothermal bags and containers market in the Asia-Pacific region is projected to grow mainly due to increased demand for temperature-sensitive goods, growth in cold chain logistics, increased global trade, and awareness among consumers. Other aspects driving demand in this area include rising disposable incomes, urbanization, e-commerce, and the pharmaceutical industry.
The isothermal bags and container will grow in demand in the region, countries like China, Japan, and South Korea, to carry perishables around safely and efficiently. The region active in international trade, particularly in export and import of perishables, which keeps fueling the demand for isothermal packaging solutions. Consumers are more aware of food safety as well as the requirement of temperature control during transportation of food. This economic growth, changing consumer preferences, and major industry expansion make the Asia-Pacific one of the most promising markets for isothermal bags and containers.
Isothermal Bags & Containers Market Report Highlights
Isothermal Bags & Containers Market Segmentation
Knowledge Sourcing Intelligence has segmented the global Isothermal Bags & Containers Market based on type, material type, end-user, and region:
Isothermal Bags & Containers Market, By Type
Isothermal Bags & Containers Market, By Material Type
Isothermal Bags & Containers Market, By End-User
Isothermal Bags & Containers Market, By Region
Isothermal Bags & Containers Market Key Players
Inclusion Bags Market Size
Non-PVC IV Bags Market Report
Food Storage Bags Market Share