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 …
Continue reading “Steam Turbine Market Resilience in Challenging Economic Climates”
The global geothermal power market was valued at $4.6 billion in 2018, and is projected to reach $6.8 billion by 2026, growing at a CAGR of 5.0% from 2019 to 2026. Geothermal power is a renewable energy technology that harnesses the heat stored within the Earth’s core to generate electricity and provide heating and cooling …
Continue reading “The Rising Demand for Geothermal Power Market: Trends & Forecasts”
The ocean power market size was valued at $0.6 billion in 2021, and is estimated to reach $7.8 billion by 2031, growing at a CAGR of 21.4% from 2022 to 2031. Ocean power, also known as marine energy, refers to the harnessing of renewable energy from the world’s oceans and seas. This energy is derived …
Continue reading “Ocean Power Market Forecast: A Wave of Renewable Energy”
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 gas turbine MRO market size was valued at $14.5 billion in 2022, and is estimated to reach $20.4 billion by 2032, growing at a CAGR of 3.5% from 2023 to 2032. Gas turbine MRO stands for Gas Turbine Maintenance, Repair, and Overhaul. It refers to the processes and activities involved in the maintenance, repair, …
Continue reading “The Evolution of Gas Turbine MRO Market: A Comprehensive Analysis”
The hazardous waste management market size was valued at $16.3 billion in 2022, and hazardous waste management industry is estimated to reach $28.6 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032. Hazardous waste management refers to the systematic and regulated processes involved in the proper handling, storage, transportation, treatment, and …
Continue reading “Case Studies: Successful Hazardous Waste Management Market Strategies”
The lithium-ion battery market size was valued at $46.2 billion in 2022, and lithium-ion battery industry is estimated to reach $189.4 billion by 2032, growing at a CAGR of 15.2% from 2023 to 2032. A lithium-ion (Li-ion) battery is a type of rechargeable battery that uses lithium ions to store and release electrical energy. Li-ion …
Continue reading “Key Factors Driving the Growth of the Global Lithium-ion Battery Market”
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 …
Continue reading “Energy Storage Systems Market Overview: Advancing Sustainable Energy Solutions”
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. …
Continue reading “Solid State Battery Market: An Overview of Cutting-Edge Energy Storage”
The global biomethane industry generated $3.1 billion in 2022 and is estimated to reach $5.5 billion by 2032, exhibiting a CAGR of 5.7% from 2023 to 2032. Biomethane, also referred to as renewable natural gas (RNG), is produced either by gasification of solid biomass or by removing CO2 and other contaminants present in the biogas. …
