Rapidly growing urbanization and industrialization play a vital for every sector and nation since industrialization has led to increase in chemical, petrochemical, oil and gas, HVACR, food & beverage, and power generation, which in turn increase the demand for heat exchanger. The global heat exchanger market size was valued at $16.7 billion in 2020, and …
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Global UV tape market is anticipated to exceed $1.0 billion by 2031, and registering a CAGR of 7.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of …
Rapidly growing demand for oil in the transportation sector and the improved transportation infrastructure across the developing and developed countries are the major factors fueling the growth of the oil storage market. In addition, increase in the investment towards the import of the crude oil in the emerging economic countries such as India and China …
The battery recycling market is anticipated to witness considerable growth during the forecast period. This is attributed to environmental pollution through battery disposal in landfills and rise in demand for electric vehicles/hybrid electric vehicle/plug-in hybrid electric vehicles across the globe. However, rise in focus on lowering cost of lithium-ion battery rather than its recyclability is …
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 …
Continue reading “Blue Hydrogen Market Will See Strong Expansion Through 2031”
