The global capacitor bank market was valued at $3.9 billion in 2021, and is projected to reach $6.0 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. A capacitor bank is a collection of capacitors connected together in parallel or series to store and release electrical energy quickly. Capacitor banks are …
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The AI in energy market size was valued at $4 billion in 2021, and is estimated to reach $19.8 billion by 2031, growing at a CAGR of 17.4% from 2022 to 2031. Artificial Intelligence (AI) is playing an increasingly significant role in the energy sector, bringing about improvements in efficiency, reliability, sustainability, and cost-effectiveness. Get …
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 automotive segment held around four-fifths of the global lightweight materials market revenue in 2020, and is expected to lead the trail by 2030, owing to rise in middle-class income and surge in the young population across the world. The aerospace segment, on the other hand, would manifest the fastest CAGR of 4.7% from 2021 …
Allied Market Research published a report, titled, “Hybrid Fabrics Market by Fiber Type (Glass/Carbon, Carbon/Uhmwpe, Glass/Aramid, Carbon/Aramid, and Others) and Application (Automotive, Aerospace & Defense, Wind Energy, Sports & Recreational Equipment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”. The global hybrid fabrics market garnered $213.4 million in 2019, and is projected to reach …