Long Duration Energy Storage Market Share to Reach $10.43 billion by 2030
The Long Duration Energy Storage Market is forecasted to reach USD 10.43 billion by 2030 from an estimated USD 4.84 billion in 2024, at a CAGR of 13.6% during the forecast period (2024-2030).
The major factors driving the market growth of the long duration energy storage market include various driving factors such as it involves growing requirements of grid stability and resilience as it increases...
Lithium Iron Phosphate Batteries Market Growth: Competitive Analysis, Future Prospects, and Leading Players – BYD, Gotion, CALB, A123 Systems
The global lithium iron phosphate batteries market is projected to reach USD 35.5 billion by 2028 from an estimated USD 17.7 billion in 2023, at a CAGR of 14.9% during the forecast period. The growing investments in building offshore wind farms will positively impact the lithium iron phosphate batteries market.
Key Market Players
The major players in the lithium iron phosphate batteries market...
Electric Traction Motor Market Gains Traction with the Rise of Electric Vehicles
The electric traction motor market has grown significantly in recent years, owing to the growing popularity of electric vehicles (EVs) worldwide. Electric traction motors are a critical component of electric vehicles, providing the necessary power to drive the wheels and propel the vehicle forward.
According to a latest research, ‘The global electric traction motor market is projected to...
Lithium Ion Battery Market | Who are the key players and what are the strategies adopted by them?
Lithium Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry (Consumer Electronics, Automotive, Medical, Industrial), and Region – Global Forecast to 2024
The growth of the lithium ion battery market is driven by the increase in demand for plug-in vehicles, growing need for automation and battery-operated...