The Vapour Recovery Unit (VRU) market is rapidly evolving in response to environmental regulations and the growing demand for sustainable solutions. VRUs are instrumental in capturing and recovering volatile organic compounds (VOCs) and hazardous emissions from industrial processes, preventing their release into the atmosphere. Here, a comprehensive industry analysis, focusing on future trends, top players, …
Category Archives: Renewable Energy
Residential Heat Pump Market 2030 : Current Insight with Future Aspect Analysis
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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Steam Turbine Market Resilience in Challenging Economic Climates
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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The Rising Demand for Geothermal Power Market: Trends & Forecasts
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 …
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Ocean Power Market Forecast: A Wave of Renewable Energy
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 …
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Global Heat Transfer Fluids (HTFs) Market is likely to hit $2.0 billion by 2027 | Europe contributed to the highest market share in terms of revenue
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 …
Energy Storage Systems Market Overview: Advancing Sustainable Energy Solutions
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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Solid State Battery Market: An Overview of Cutting-Edge Energy Storage
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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Window Films Market size will cross $17.5 billion by 2030, Industry Latest Trend and Future Growth Opportunity
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 …
Smart Energy Market: A Roadmap to Sustainability and Energy Efficiency
The global smart energy market size was valued at $124.0 billion in 2019, and is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027. Smart energy refers to the use of advanced technologies, data analytics, and intelligent systems to optimize the generation, distribution, consumption, and management of …
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