The geophysical services market size was valued at $14.4 billion in 2021, and geophysical services industry is estimated to reach $21.4 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031. Geophysical services refer to a range of techniques and methods used to study and map the physical properties of the Earth’s …
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The energy storage systems market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for energy storage systems, owing to surge in need for continuous power supply. In addition, rapid investment in the renewable energy sector in Europe and Asia-Pacific fuels the growth of …
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The solid-state battery market is anticipated to witness considerable growth during the forecast period. This is attributed to factors, including rise in demand for solid-state batteries in electric vehicle (EV) applications and increase in investment toward R&D of solid-state batteries. However, high cost associated with solid-state batteries is expected to restrain the growth of the …
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Rising demand for energy-efficient residential heat pumps among people, to maintain a warm and cool climate in their homes, may act as the major driving factor for the market. 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 …
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Several advancements are taking place to improve the thermal efficiency of power plant systems, which involve enhancing characteristics such as temperature and pressure of steam. Moreover, with growing electricity requirements, the demand for steam turbines is expected to increase simultaneously, thus contributing to the growth of the global market. The steam turbine market was valued …
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The solar charge controller market is anticipated to witness considerable growth during the forecast period, owing to factors such as supportive government regulations for the use of solar PV technology and growing interest towards renewable energy storage solutions. However, high initial installation cost of solar battery & disadvantages associated with solar charge controller is the …
Low carbon hydrogen which is also known as clean hydrogen is currently enjoying unprecedented political and business momentum, with the number of policies and projects around the world expanding rapidly. Hence, concluding that now is the time to scale up technologies and bring down costs to allow hydrogen to become widely used in various end …
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The rapid surge in technological innovations related to extraction of hydrogen through sustainable resources such as Green hydrogen has significant impact on hydrogen generation market. The government initiatives towards zero carbon emissions led to the increase in utilization of fuel cell powered vehicles. Furthermore, the increased population across the globe has led to increase in …
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Rapid industrialization and urbanization in developing countries are all anticipated to increase demand for environmental remediation during the forecast period. The environmental remediation market size was valued at $105 billion in 2021 and is estimated to reach $200.1 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. Environmental remediation refers to …
The geothermal turbine market will exhibit high potential growth in the coming years. Owing to the factors that it has excellent reliability and can be used for both direct heating and electricity generation. In addition, a rise in infrastructural development activities and industrial growth boost demand for electricity thus in turn increase in the demand …
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