Alternative energy, also known as renewable energy or clean energy, refers to energy sources that are sustainable, have a minimal environmental impact, and are not based on depleting fossil fuel reserves. The alternative energy market was valued at $1.1 trillion in 2021, and is projected to reach $3.2 trillion by 2031, growing at a CAGR of …
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A Power Purchase Agreement (PPA) is a contract between two parties, typically a power producer and a power purchaser, outlining the terms and conditions for the sale and purchase of electricity. PPAs are commonly used in the energy industry to facilitate long-term agreements for the supply of electricity from renewable energy projects or other forms …
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Offshore mooring refers to the system and equipment used to secure floating structures, such as oil and gas platforms, floating wind turbines, floating liquefied natural gas (LNG) terminals, and other offshore structures, in place. These structures are deployed in open water where the water depth is too great for them to be fixed to the …
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Biomass gasification is a thermochemical process that converts biomass, such as wood chips, agricultural residues, or energy crops, into a combustible gas known as syngas (synthesis gas). The syngas consists mainly of carbon monoxide (CO), hydrogen (H2), and a smaller amount of other gases like carbon dioxide (CO2), methane (CH4), and nitrogen (N2). Biomass gasification …
The compressed natural gas market size was valued at $9.9 billion in 2020, and is estimated to reach $22.3 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Compressed natural gas (CNG) is a type of natural gas that is compressed to a high pressure, typically between 2,900 and 3,600 psi …
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The global tankless water heater market size was valued at $6.3 billion in 2021, and is estimated to reach $12.3 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031. A tankless water heater, also known as an on-demand or instantaneous water heater, is a type of water heater that heats water …
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The global Waste Oil market size was valued at $45.0 billion in 2021 and is projected to reach $70.6 billion by 2031, registering a CAGR of 4.7% from 2022 to 2031. Waste oil is used oil that is no longer suitable for its original purpose and must be disposed of. Waste oil can be generated …
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The offshore wind turbine market was valued at $17.8 billion in 2021, and offshore wind turbine market size is estimated to reach $39.2 billion by 2031, growing at a CAGR of 8.28% from 2022 to 2031. An offshore wind turbine is a wind energy conversion device that is installed in bodies of water, typically in …
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According to the report published by Allied Market Research, the Metal Fiber Market by Type (Steel, Copper, Nickel, Aluminum, and Others), and End-use Industry (Automotive, Textile, Aerospace, Construction, Power & Electronics, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027”. The global metal fiber market was pegged at $4.5 billion in 2019, and is anticipated to reach …
Allied Market Research recently published a report, titled, ”Graphene Composite Market by Product Type (Polymer Based, Metal Based, Ceramic Based, and Others), and Application (Sports & Wearable Goods, Aerospace & Defense, Automotive, Building & Construction, Energy Storage & Generation, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027″. The global graphene composites industry was pegged at $13.1 million in 2019, …