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...
Hydrogen Fueling Station Market Size to Hit $1.8 billion by 2030
According to a research report “Hydrogen Fueling Station Market by Supply Type (On-site, Off-site [Gas, Liquid]), Station Type (Fixed, Mobile), Station Size (Small, Mid-sized, Large), Pressure (High, Low), Solution (EPC, Components), Region – Global Forecast & Trends to 2030″ published by MarketsandMarkets, the hydrogen fueling stations market is expected to grow from USD 0.5...
With 5.7% CAGR, Protective Relay Market to Reach $3.9 Billion by 2030
The global Protective Relay Market in terms of revenue was estimated to be worth $2.8 billion in 2024 and is poised to reach $3.9 billion by 2030, growing at a CAGR of 5.7% during the forecast period according to a new report by MarketsandMarkets™.
The driving factors for the protective relay market include the growing demand for electricity, the increasing use of renewable energy sources,...
Green Ammonia Market May Reach to $6.2 Billion by 2030 at CAGR of 66.0%
The global Green Ammonia Market in terms of revenue was estimated to be worth $0.3 billion in 2024 and is poised to reach $6.2 billion by 2030, growing at a CAGR of 66.0% from 2024 to 2030 according to a new report by MarketsandMarkets™.
Green ammonia may be produced using renewable energy sources such as wind and solar power. This integration promotes the use of excess renewable energy, which...
Bifacial Solar Market worth $37.6 Billion by 2029
The global Bifacial Solar Market in terms of revenue was estimated to be worth $18.5 billion in 2024 and is poised to reach $37.6 billion by 2029, growing at a CAGR of 15.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global Bifacial Solar Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as government...
Diesel Power Engine Market May Reach to $25.2 Billion by 2029 at CAGR of 4.5%
New Revenue Pockets:
The global diesel power engine market is projected to reach USD 25.2 billion by 2029, showing a growth from the estimated USD 20.1 billion in 2024, with a compound annual growth rate (CAGR) of 4.5% from 2024 to 2029. The diesel power engine market is evolving, and several new revenue pockets are emerging, driven by advancements in technology, shifting market demands,...
Recloser Market to Increase at 5.0% CAGR, Reaching $1.5 billion by 2030
New Revenue Pockets:
The global recloser market is projected to reach USD 1.5 billion by 2030, showing a growth from the estimated USD 1.1 billion in 2024, with a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. The recloser market, traditionally focused on enhancing grid reliability and protection in medium voltage distribution networks, is witnessing the emergence of new revenue...
Hydrogen Storage Tanks and Transportation Market Size to Hit $4.4 billion by 2030
According to a research report “Hydrogen Storage Tanks and Transportation Market by Modular Storage (Fuel Storage, Distribution Systems), Application (Vehicles, Railways, Marine, Stationary Storage, Trailers), Tank Type (Type 1, 2, 3, 4), Pressure and Region – Global Forecast to 2030″ published by MarketsandMarkets, the global Hydrogen Storage Tanks and Transportation Market is projected...
Green Ammonia: The Next Big Thing in Renewable Energy
Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by generating energy from solar/wind/hydropower, which is then fed into an electrolyzer. It extracts hydrogen from water, while nitrogen is removed from the air using an air separation unit. In this process, hydrogen and nitrogen react at high temperatures and pressures to produce ammonia. Rising investment...
Power Transformer Market worth $37.7 Billion by 2029
The global Power Transformer Market is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market stands...