As a critical component in the food distribution system, the cooling storage industry has seen a significant expansion due to the pandemic's impacts. The necessity for rapid, stable food supply, particularly for perishables, has been emphasised. More consumers have stockpiled groceries for extended periods, consequently leading to an increase in...
Discover more insightsSuperconducting Magnetic Energy Storage, abbreviated as SMES, operates by circulating direct current around a superconducting coil which creates a magnetic field. Energy is stored in this field and can be released by reversing the process. The unique selling point of this emerging technology is its ability to deliver near-instantaneous high-power...
Discover more insightsFlywheel energy storage technology, although less well-known than its counterparts, especially batteries, plays an increasing role in the energy storage sector. It provides sustainable solutions for kinetic energy storage by utilizing a rotating mechanical device that harnesses and stores energy generated by the flywheel's rotational motion. Traditionally used in manufacturing...
Discover more insightsTechnological advances have elevated the role of water as the primary source for hydrogen in fuel cells. This approach, commonly referred to as water electrolysis, splits water into hydrogen and oxygen utilizing a power source. Metal catalysts, including iron and nickel, impact the process efficiency, though continuous research aims at...
Discover more insightsEvolving emission regulations worldwide constitute a key driver behind the catalytic converter market's growth. Governments globally are escalating regulations to limit vehicle emissions, creating a call for efficient emission control systems. The swift growth of the automotive industry and escalating vehicle production also augment market growth. Considering the stringent emission...
Discover more insightsEscalating global power consumption coupled with the increasing frequency of power outages are primarily influencing the growth trajectory of the standby energy solutions market. These trends highlight the growing dependence on continuous power supply systems. Urbanization and industrialization, coupled with the incremental need for robust, resilient power infrastructure, continue to...
Discover more insightsThe rising awareness about renewable energy resources and their integration into transportation systems significantly fuels the participation of fuel cell vehicles in the global market. Stronger legislative push from governments for the adoption of environment-friendly vehicles and the reduction of carbon footprint contributes to the growing relevance in multiple regions....
Discover more insightsThe battery market is experiencing robust growth, partly due to the increasing demand for electric vehicles and energy storage. Asia Pacific, particularly, holds a significant share, fueled by rapid industrialization and governmental efforts towards environmental sustainability. Another observable trend is the increasing significance of lithium-ion batteries, propelled by their high...
Discover more insightsNew-age energy containment solutions represent an under-explored domain with vast potential. These systems are indispensable, particularly in the context of integrating renewable energy resources into the power grid, facilitating the move towards a greener and more sustainable energy future. Technological advancements in energy storage have the propensity to improve the...
Discover more insightsThe FSRU market is a key component within the energy sector, particularly in the liquefied natural gas (LNG) industry. As their name suggests, FSRUs are used to store and regasify LNG. Floating offshore, they not only have the ability to distribute gas to onshore facilities, but also to transfer it...
Discover more insightsVaried technological advancements and paradigm shifts towards sustainability are the primary propellants of the battery market's growth. Developments in electric and autonomous vehicles, portable electronics, and renewable energy storage systems, among others, are creating enormous demand for more efficient and cost-effective battery technologies. Further, regulatory support in many regions promotes...
Discover more insightsIn recent years, there has been an observable shift in the choice of materials in the manufacturing sector relating to liquid storage entities. Traditional materials like concrete and steel are gradually being replaced due to reasons such as corrosion and permeability. New-age materials like reinforced thermosetting resins and high-density polyethylene...
Discover more insightsAmid a rapidly changing economic landscape, the need for efficient and high-capacity cold storage facilities is growing exponentially. Technological advancements are the driving force behind this surge, with innovations such as energy-efficient cooling systems and increased automation playing a prominent role. Furthermore, contemporary retail trends - including the increasing market...
Discover more insightsThe rising demand for alternative energy sources and portable electronic devices has diversified the battery market substantially. Various sectors, such as automotive, electronics, and power storage, are shifting their reliance from traditional power sources to modern unconventional battery technologies. This shift heralds a varied market, abundant with different types of...
Discover more insightsThe pursuit of energy has beckoned humanity to explore a wide variety of methodologies. Yet, the true game-changer has been portable power solutions. Consumers and businesses alike are exploring how portable power can cater to their evolving energy needs. This market is dynamic, shaped by factors such as technology advancements,...
Discover more insightsThis market refers to a technology that stores energy by compressing air and storing it in a containment. It is a form of grid energy storage which is gaining relevance in the energy industry. The demand for renewable energy and grid stability boosts the ascendancy of compressed air energy storage....
Discover more insightsEnergy Harvesting Systems (EHS) represent a subsection of the broader energy industry predicated on capturing and storing small amounts of widely available energy. This could be from environmental sources like solar light, thermal energy, wind energy, or even kinetic energy. Harnessing these energy types, EHS typically facilitate power to small,...
Discover more insightsThe field of fuel cell technology is currently witnessing significant advancements, particularly in the area of Proton Exchange Membrane Fuel Cells (PEMFCs). These fuel cells present a promising energy solution, with their high energy efficiency and eco-friendly technology. Their operation involves the interaction of hydrogen and oxygen to produce electricity,...
Discover more insightsThe Power-to-Gas (P2G) market has been undergoing noteworthy advancements reminiscent of a maturing industry. There is increasing adoption of P2G technologies enabling the conversion of surplus renewable energy into a gas that can be stored for later use. The escalating integration of renewable energy sources, like wind and solar, with...
Discover more insightsThe home-based energy storage landscape is being transformed by groundbreaking technological solutions. These aim to increase energy efficiency and autonomy for households, and they encompass advancements such as lithium-ion batteries, which boast a longer life span and higher energy density compared to traditional lead-acid batteries. Innovations also include smart home...
Discover more insightsIn the foreseeable future, the expansion of the market for compressive therapy devices used at home is anticipated to be influenced by a surge in the incidence of Deep Vein Thrombosis (DVT) and Peripheral Edema (PE), conditions which are effectively managed using these devices. Furthermore, the burgeoning older population worldwide,...
Discover more insightsThe segment for compression devices has demonstrated a consistent growth pattern in recent years. Key drivers for this growth can be traced to an increasing global incidence of venous conditions and rising awareness towards early disease diagnosis and treatment. There is a marked affinity for therapeutic compression devices for the...
Discover more insightsThe COVID-19 pandemic initially disrupted the global battery market in myriad ways, notably through disturbances in supply chains and decreased consumer demand for batteries, primarily due to the slowdown of the automotive industry. However, the market's resilience has shone through, particularly in the realm of lithium-ion batteries used in electric...
Discover more insightsRobust growth in the battery market is essentially propelled by an increasing reliance on renewable energy. The adoption of electric vehicles (EVs) and the subsequent need for efficient energy storage solutions is also a contributing factor. Additionally, the omnipresence of battery-powered devices sustains the demand. Technological advancements in battery development,...
Discover more insightsWithin the framework of renewable energy sources, one segment that constantly draws attention is the utilization of molten salt for thermal energy storage. The underlying approach involves using molten salt as a medium to store thermal energy. In a nutshell, the heat generated from renewable sources is stored in molten...
Discover more insightsIn the rapidly developing world of energy storage, three key trends are transforming the landscape: the diversification of energy storage technologies, the digitalisation of energy management, and growth in electric mobility. Diversification of energy storage technologies, such as lithium-ion batteries, flow batteries, and thermal storage, is expanding potential applications and...
Discover more insightsIn the sphere of residential energy utilization, the increasing focus on sustainability and the reduction of reliance on grid power have contributed heavily to the ascendance of the battery market. Enhancements in battery technologies that facilitate efficient, long-term power storage can be attributed largely to this trend. Furthermore, solar energy...
Discover more insightsThe battery market evidences significant potential for growth. Fiscal incentives and governmental initiatives supporting the transition towards renewable energy are driving demand for batteries, particularly in the energy storage sector. As the electrification of transport continues to gain momentum, the demand for electric vehicles (EVs) is expected to offer considerable...
Discover more insightsTo accommodate for the transition to renewable energy sources that are inherently intermittent, such as wind and solar power, significant advancements and innovations are taking place in the field of energy storage and batteries. From lithium-ion batteries with higher energy density, to solid-state batteries and hydrogen fuel cells, new technology...
Discover more insightsThe integration of renewable energy sources into the power grid presents a number of challenges due to their intermittent nature. To ensure a reliable and constant energy supply, there is a need for systems to store energy generated during periods of high yield for use during low production. Energy storage...
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