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According to a recently published report by Future Market Insights, the global waste to energy (WTE) market was anticipated at US$ 38 Billion in 2021, and is projected to rise to US$ 40.77 Billion in 2022. This technology is gaining wide recognition across the globe owing to the advanced growth in waste production along with rising demand for clean …
Continue reading “Waste to energy (WTE) Market is Likely to Secure US$ 40.77 Billion in 2022 | FMI”
The global energy harvesting market is projected to record a CAGR of 7.5% from 2022-2032. “A number of newly developed and efficient energy applications, broad acceptance of renewable energy sources, and green energy harvesting are likely to play a critical role in the growth of the worldwide energy harvesting Industry.” Growing applications of the energy harvesting technology and home automation is …
During the projection period, the solar tracker for the power generation market is expected to increase at a CAGR of 7.5 percent, from US$ 6 billion in 2021 to US$ 9.5 billion in 2027. The increase in CAGR is due to the demand for solar tracker for power generation, which is expected to revert to pre-pandemic levels once the pandemic is over. Rising …
The electrified aircraft propulsion market share is expected to reach US$ 6 Bn in 2021 and US$ 20 Bn by 2030, with a CAGR of 14.3% during the projected timeline. The adoption of cleaner and greener aircraft, advancements in sophisticated air mobility, and alternative energy sources are all driving the demand for electrified aircraft propulsion forward. Owing to the announced lockdowns and government restrictions …
The demand for solar district heating market exceeded USD 2.5 billion in 2021, and it is expected to increase at a CAGR of over 6.8% from 2022 to 2032. The global solar district heating market is predicted to grow over the forecast period, as technology is a cost-effective and environmentally responsible way of providing heat and energy. Solar thermal is expected to meet 15–20 percent …
The green building materials market size is likely to reach US$ 823 Bn by 2032, up from US$ 265 Bn in 2021, accounting for 11.8% CAGR through 2022-2032. Green construction materials play an essential role in the growth of such structures. From design through demolition, green building materials are necessary for sustainability and efficiency. Manufacturers are primarily concerned with creating conventional consumer goods. …
The power management system market size is expected to expand significantly at a CAGR of 6.1% during the forecast period, owing to the increasing requirement for energy efficiency throughout the industrial landscape. Integration of sophisticated technologies such as cloud-based platforms and IoT are likely to drive rapid industrial growth. Power management systems are dedicated microsystems designed to aid in the intelligent …
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The residential solar PV inverter market is anticipated to register a CAGR of 4% during the forecast period 2022-2032. The residential solar PV inverter market outlook will be bolstered by ongoing technological advancements, changing regulatory and consumer proximity, and the deployment of efficient inverter units. As per the residential solar PV inverter market study, the growth of the residential solar PV inverter …
The global battery energy storage system market is poised to increase at a solid and robust CAGR of 26%, reaching US$ 44.86 Bn by 2032 from US$ 3.54 Bn in 2021. The market’s expansion can be attributed to rising demand for grid energy storage systems due to ongoing grid modernization, increasing penetration of lithium-ion batteries in the renewable energy sector, and …
The recycled carbon fiber market is expected to reach US$ 3.91 billion by 2032, up from US$ 1.26 billion in 2021, expanding at a high CAGR of 11.8%. This study explains how recycled carbon fiber price is directly proportional to increasing concerns over climate change and awareness around the use of biodegradable products. As the demand for pro-performance, eco-friendly and energy-efficient products increases, …
Continue reading “Recycled Carbon Fiber Market is Expected to Reach US$ 438 Million in 2032”