Solid Oxide Fuel Cells: Powering the Future with Clean Energy
The global energy landscape is undergoing a significant transformation, with a pronounced shift towards sustainable and efficient power generation solutions. At the forefront of this evolution is the Solid Oxide Fuel Cell (SOFC) technology, renowned for its high efficiency and eco-friendly attributes. Projections indicate that the Solid Oxide Fuel Cell Market is poised to expand from USD 1.4 billion...
Residential Energy Storage Market Showing Impressive Growth during Forecast Period 2024 – 2030
The residential energy storage market is expected to grow from an estimated in USD 2.67 billion in 2024 to USD 4.30 billion by 2030, at a CAGR of 8.2% during the forecast period. With growing popularity of solar photovoltaic (PV) systems for residential consumption, the necessity to solve the energy storage problem has emerged. After all, the generation of solar energy is time dependent and varies...
EV Battery Recycling Market Size worth USD 23.72 billion by 2035, at a CAGR of 40.9%
The global EV battery recycling market, by value, is estimated to be USD 0.54 Billion in 2024 and is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% from 2024 to 2035.
The EV battery recycling market is driven by the dual objectives of reducing environmental impact and addressing resource scarcity, particularly for lithium, cobalt, and nickel. Recycled materials are often...
Electric Powertrain Market Size & Share Report 2030
The electric powertrain industry size is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030.
The market for electric powertrains is driven by the rising demand for electric vehicles, which is in turn impacted by factors including stricter emission regulations and government assistance in the form of tax breaks and subsidies to encourage...
Electric Tractor Market Size, Share, Demand, Growth & Forecast 2030
The global electric tractor industry size is estimated to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%.
Growing stringency in emission norms and advancements in overall battery technology are primarily driving the developments in electric tractors. Electric tractors offer reduced carbon emissions and lower operational costs, making them attractive options. The...
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...
DERMS Market Anticipated to Reach $1.44 billion by 2029, Witnessing a CAGR of 18.8% During 2024 to 2029
The Distributed energy resource management systems (DERMS) market is expected to grow from an estimated in USD 0.61 billion in 2024 to USD 1.44 billion by 2029, at a CAGR of 18.8% during the forecast period. The market for DERMS is thus growing rapidly. Some of the key factors driving the market are increased adoption of renewable energy sources such as solar and wind power, which are considered significant...
Residential Energy Storage Market Continues Steady Growth – Projected to Hit $4.58 billion by 2030
The global Residential Energy Storage market is anticipated to grow from an estimated USD 2.69 billion in 2024 to USD 4.58 billion by 2030, at a CAGR of 9.3% during the forecast period.
Rapid developments in battery technologies, especially in lithium-ion systems, have led to cost decline at levels that see energy storage systems increasingly come closer to the residential customer. Improvements...
Hydrogen Truck Market Size, Share, Trends, Demand & Forecast 2035
The global hydrogen truck market size is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%.
Hydrogen Truck market is growing due to expansion in hydrogen refuelling infrastructure and advancements in fuel cell technology, R&D in liquid hydrogen technology, along with rising consumer interest in zero-emission vehicles. Also, the shift towards hydrogen...