The portable power station market size was valued at $4 billion in 2021, and portable power station industry is estimated to reach $5.9 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031. A portable power station, also known as a portable solar generator or a portable battery generator, is a compact …
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The lithium-ion battery recycling market size was valued at $1.33billion in 2020, and is projected to reach $38.21billion by 2030, growing at a CAGR of 36.0% from 2021 to 2030. Lithium-ion battery recycling is the process of recovering valuable materials from used or end-of-life lithium-ion batteries in order to reuse them and minimize the environmental …
The solar (PV) inverter market size was valued at $7.7 billion in 2020, and is projected to reach $17.9 billion by 2030, growing at a CAGR of 8.8% from 2021 to 2030. A solar inverter, also known as a photovoltaic (PV) inverter, is an essential component of a solar power system. Its primary function is …
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The transformer market was valued at $58.6 billion in 2021, and is estimated to reach $103.0 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. It works on the principle that when an …
The global lead–acid battery market size was valued at $39.7 billion in 2018, and is projected to reach $59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026. A lead-acid battery is a type of rechargeable battery that uses lead electrodes and sulfuric acid electrolyte to store and release electrical energy. …
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The global utility poles market was valued at $45.6 billion in 2018, and is projected to reach $58.8 billion by 2026, growing at a CAGR of 3.2% from 2019 to 2026. Utility poles, also known as power poles or telephone poles, are tall structures used to support various utility cables and equipment above ground level. …
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The global powder coatings industry garnered $9.8 billion in 2018, and is estimated to reach $15.0 billion by 2026, witnessing a CAGR of 5.4% during the forecast period, 2019–2026. Powder coating is a type of coating that is applied as a dry powder to a substrate. The powder is electrostatically charged and then sprayed onto the surface of the …
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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 form of renewable energy that harnesses the heat stored within the Earth’s crust to generate electricity. It involves tapping into …
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The dry type transformer market size was valued at $5.4 billion in 2019, and is projected to reach $7.3 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027. A dry-type transformer, also known as a dry-type or cast resin transformer, is a type of electrical transformer that uses air as the …
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The small wind power market size was valued at $7.4 billion in 2020, and global market forecast projected to reach $17.1 billion by 2030, with global small wind forecast expected at a CAGR of 8.8% from 2021 to 2030. Small wind power refers to the use of wind turbines on a smaller scale, typically for …
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