Powering the Green Revolution: How the Inverter Market is Transforming Energy and Mobility
The global push toward clean energy and electrification is reshaping industries, and at the heart of this transformation lies a critical but often overlooked technology: the inverter. As the world accelerates its adoption of renewable energy and electric vehicles, the inverter market is experiencing unprecedented growth, innovation, and competition.
Explosive Growth Driven by Renewables and Electrification
The...
EV Battery Market Size, Share, Trends & Analysis Report, 2035
The global EV battery market is projected to grow from USD 132.6 Billion in 2023 to USD 508.8 Billion by 2033, registering a CAGR of 14.4%. The EV battery market is a powerhouse propelling the green revolution, and its growth trajectory is fueled by a complex interplay of forces. Governments worldwide are tightening regulations on carbon emissions, pushing carmakers towards cleaner alternatives like...
Lithium Iron Phosphate (LFP) Batteries: Powering the Future of Energy
The world is undergoing a significant shift in how it generates and consumes energy. With increasing concerns about climate change and the need for sustainable solutions, lithium iron phosphate (LFP) batteries are emerging as a key technology in various industries. A recent report by MarketsandMarkets projects the global LFP battery market to grow from USD 17.7 billion in 2023 to USD 35.5 billion...
Energy as a Service Market Size, Share, Trends & Analysis Report, 2030
The global Energy as a Service Market is anticipated to grow from estimated USD 51.88 billion in 2024 to USD 100.34 billion by 2030, at a CAGR of 11.6% during the forecast period. Major forces driving the Energy as a Service Market include the increased need for energy efficiency, surging energy prices, and global trends toward carbon neutrality and sustainability. Business houses are adopting...
Electrolyzers Market Share Expected to Reach $78.01 billion by 2030
The global Electrolyzers Market Share is expected to grow from estimated USD 3.75 billion in 2024 to USD 78.01 billion by 2030, at a CAGR of 65.9% during the forecast period. This growth mainly comes in response to supportive government initiatives that encourage renewable energy technologies as well as advancements in the electrolysis process. Electrolyzers play a crucial role in the production...
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...
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...
Green Ammonia Market Share Expected to Reach $6.2 Billion by 2030
The global Green Ammonia Market Share by value is expected to grow from USD 0.3 billion in 2024 to USD 6.2 billion by 2030, at a CAGR of 66.0% from 2024 to 2030. 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 would otherwise be limited, and converts it into a reliable and transportable source...