Environmental Technology Market Likely to Boost Future Growth by 2026
The global Environmental Technology
Market is estimated at USD 552.1 billion in 2021 and is projected to
reach USD 690.3 billion by 2026, at a CAGR of 4.6% during the forecast period.
Increase in demand from different verticals and a stringent government
regulation is one of the major factors contributing to the high growth of the environmental
technology market.
Based on technological solutions,...
Offshore Wind Market to Witness Massive Growth by 2026
The global Offshore
Wind Market is expected to grow from an estimated USD 31.8 billion in 2021
to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. Offshore
wind is a crucial pillar in energy mix together with onshore wind for regions
such as Europe, Asia Pacific, and North America to achieve their goals
pertaining to climate neutrality. Offshore wind turbines are increasingly...
Advanced Energy Storage Systems Market to Surpass $19.04 Billion by 2022
The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0
billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4%
during 2017 to 2022. The growth of the advanced energy storage systems
market is attributed to increasing renewable energy investments and growth in
the electric vehicles market globally and regulatory changes demanding energy
efficiency.
The...
Energy as a Service Market to See Revolutionary Growth by 2024
The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from
an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The
growth of energy as a service market is driven by the new revenue generating
streams for utilities, increased distributed energy resources, decreasing cost
of renewable power generation and storage solutions, and availability of
federal...
Green Ammonia Market to Surge at 90.2% CAGR till 2030
The global Green
Ammonia Market size is projected to grow from USD 16 million in 2021 to
reach USD 5,415 million by 2030, at a CAGR of 90.2% during the forecast period.
Green hydrogen projects are increasing as many countries are focusing on
investing in the development of a hydrogen-based economy. Investments in
hydrogen infrastructure will subsequently bring opportunities for green ammonia
production...
Power Grid System Market in Subsea to Hit $14.8 billion in 2027
According to the new market research report “Power Grid System Market in Subsea by Component (Cables, Variable Speed Drives, Transformers, Switchgears), Application (Captive Generation, Wind Power), Depth (Shallow Water and Deepwater) and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the Power Grid System Market in Subsea is expected to grow from an estimated...
Thermal Energy Storage Market to Hit $369 Million by 2025
The global Thermal
Energy Storage Market size is projected to reach USD 369 million by 2025,
at a CAGR of 14.4%, from an estimated USD 188 million in 2020. The growth of
the thermal energy storage market is majorly driven by increasing demand for
energy storage technologies, rising number of CSP projects, and increasing HVAC
applications.
Thermal energy storage in concentrating
solar power (CSP)...
Energy as a Service Market Size to Grow $86.9 Billion by 2024
The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from
an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The
growth of energy as a service market is driven by the new revenue generating
streams for utilities, increased distributed energy resources, decreasing cost
of renewable power generation and storage solutions, and availability of
federal...
Electrical Digital Twin Market to Hit $1.3 Billion by 2026
According to the new market research report
“Electrical
Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind
Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment
Type (Cloud, On-Premises), End User, Application, and Geography – Global
Forecast to 2026″, published by MarketsandMarkets™, The Electrical
Digital Twin Market size will grow to
USD...
Green Ammonia Market expected to Grow $5,415 Million by 2030
According to the new market research report
“Green
Ammonia Market by Technology (Alkaline Water Electrolysis (AWE),
Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)), End User
(Transportation, Power Generation, and Industrial Feedstock) and Region –
Global Forecast to 2030″, published by MarketsandMarkets™, The global Green
Ammonia Market size is projected to...