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...

Busbar Market Set to Hit $19.7 Billion by 2029: Key Trends and Growth Drivers

The global busbar market is poised for significant growth, with projections indicating an increase from $15.10 billion in 2024 to $19.70 billion by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 5.5%. This surge is primarily driven by the escalating demand for efficient power distribution systems across various industries, including utilities, automotive, and industrial sectors, spurred...

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

DERMS Market
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...

E-fuels Market Share Expected to Reach $49.4 Billion by 2030

Green Ammonia Market
The global E-fuels Market is projected to grow from USD 6.2 billion in 2023 to USD 49.4 billion by 2030, at a CAGR of 34.5% during the 2023-2030. The potential for e-fuels to address carbon emissions and energy storage concerns is driving up demand for them. E-fuels, which are synthetic fuels made from renewable energy, provide a way to decarbonize sectors that rely significantly on liquid fuels,...

Exclusive Growth Opportunity Driving the Future of Carbon Offset/Carbon Credit Industry

Carbon Offset/Carbon Credit Industry
The global Carbon Offset/Carbon Credit Industry is expected to grow from USD 414.8 billion in 2023 to USD 1,602.7 billion by 2028, at a CAGR of 31.0% from 2023 to 2028. The voluntary carbon market continues to play a critical role in that transition by helping to channel funding into projects that reduce carbon emissions or remove carbon from the atmosphere. Since, the need to curb global warming...

How Hydrogen Storage is Revolutionizing Renewable Energy Solutions

Increasing global efforts to reduce greenhouse gas emissions and combat climate change play a pivotal role. Governments and organizations are incentivizing the transition to cleaner energy sources, making hydrogen an attractive option due to its potential for zero-emission energy storage and transportation. Additionally, the integration of hydrogen energy storage with renewable energy sources such...

Innovations in Hydrogen Energy Storage for a Greener Future

Hydrogen energy storage is rapidly evolving as a key technology for achieving a low-carbon energy system. Several innovations are driving this transformation, improving efficiency, reducing costs, and making hydrogen a more practical solution for large-scale energy storage. Hydrogen energy storage refers to the process of storing energy in the form of hydrogen, which can be produced through methods...

Hydrogen Industry Size to Undertake Strapping Growth During 2030

Hydrogen Industry
MarketsandMarkets Research titled, “Hydrogen Industry by Sector (Generation Type (Gray, Blue, Green), Storage (Physical, Material), Transportation (Long, Short)), Application (Energy (Power, CHP), Mobility, Chemical & Refinery (Refinery, Ammonia, Methanol)), Region – Global Forecast to 2030“. The global hydrogen industry in terms of revenue was estimated to be worth $242.7 billion...

Hydrogen Generation Market Analysis: Size, Share and Forecast for 2023-2028

The global hydrogen generation market size is projected to reach USD 257.9 billion by 2028 from an estimated USD 158.8 billion in 2023, at a CAGR of 10.2% during the forecast period. The growing emphasis on environmental sustainability, rising adoption of fuel cell vehicles, and intermittent renewable energy integration accelerate the growth of the hydrogen generation market. Download PDF Brochure:...