The residential heat pump market was valued at $33.5 billion in 2021, and is estimated to reach $77.5 billion by 2030, growing at a CAGR of 9.7% from 2022 to 2030. Residential heat pumps are widely installed in residential zones for maintaining warm and cool temperature in homes. These are an energy and environment efficient …
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The steam turbine market was valued at $17.5 billion in 2022, and is estimated to reach $22.4 billion by 2032, growing at a CAGR of 2.6% from 2023 to 2032. A steam turbine is a mechanical equipment, which operates by using heat sources such as gas, coal, nuclear, or solar to heat water to extremely …
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As per the research report by Allied Market Research Says, Global Heat Transfer Fluids Market is anticipated to cross $2.0 billion by 2027, and register at a CAGR of 4.8% from 2020 to 2027. A heat transfer fluid is a gas or liquid that takes part in heat transfer by serving as an intermediary in cooling on …
The energy storage systems market size was valued at $188.5 billion in 2020, and is projected to reach $435.4 billion by 2030, growing at a CAGR of 8.3% from 2021 to 2030. Energy storage systems include major technologies employed to store various forms of energy. Increased focus on production of renewable energy globally fuels the …
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The solid state battery market size was valued at $0.5 billion in 2020, and is estimated to reach $3.4 billion by 2030, growing at a CAGR of 18% from 2021 to 2030. Solid state battery is a technology, which utilizes both solid electrodes and solid electrolytes. It is an ideal substitute of conventional lithium-ion battery. …
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Global Window Films market size was valued at $10.3 billion in 2020, and is anticipated to hit $17.5 billion by 2030, registering at 5.7% CAGR from 2021 to 2030. Rise in demand for energy-efficient window films and surge in demand from the automobile industry drive the global Window Films market. However, surge in regulation on tinted films hinders …
The global oil storage market size was valued at $12.2 billion in 2020, and is projected to reach $18.4 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030. Oil storage refers to terminals or tanks used to store processed or produced oil from refineries. Tanks endure the reservoir at several stages …
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The battery recycling market size was valued at $11.1 billion in 2020, and is projected to reach $66.6 billion by 2030, growing at a CAGR of 19.5% from 2021 to 2030. Battery recycling referred to collection of batteries through various sources including portable electronic devices, electric vehicles, and other industrial energy storage purposes. After the end …
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Nuclear power plants employ nuclear energy as a source of energy for the production of electricity. Nuclear fission and nuclear fusion are two nuclear reactions that are necessary to provide energy. Although both reactions produce heat, nuclear fission is used in power plants. An enormous quantity of energy is released when a heavy uranium atom …
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The global bio jet fuels market size was valued at $166.5 million in 2020, and projected to reach $837.7 million by 2030, with a CAGR of 17.9% from 2021 to 2030. Bio Jet Fuel is made from sustainable sources such as vegetable oils, sugars, animal fats and even waste biomass which can be used in …
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