Hydrogen energy storage market is anticipated to grow at a significant CAGR of 13.5% during the forecast period (2024-2031).The market growth is attributed to the increasing demand for hydrogen energy storage in stationary power and transportation. According to the International Energy Agency (IEA), 2023, hydrogen demand will increase by more than 1.5 times to reach […]
Category Archives: Business
Energy storage system market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031). An Energy Storage System (ESS) captures excess energy, typically from renewables, for later use, balancing electricity supply and demand for a reliable grid. Get Free Sample link @ https://www.omrglobal.com/request-sample/energy-storage-system-market While solar and wind power are becoming […]
Power rental market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). The power Rental or power hiring market comprises renting power equipment over purchase due to initial cost-benefit and low to no maintenance cost. Most industries prefer to rent power equipment due to flexibility in power rating, lack of […]
Next-generation solar cell market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2024-2031).The market growth is attributed to the increasing advancement in solar cell technologies and increasing investment in high-efficiency perovskite solar cells. According to the International Energy Agency (IEA), in July 2023, Global solar PV cell investments in […]
Immersion cooling market is anticipated to grow at a significant CAGR of 24.1% during the forecast period (2024-2031). Immersion cooling has grown more and more popular since it is scalable, sustainable, and energy-efficient. It satisfies environmental requirements, lowers energy consumption, and meets the objectives of high-density computing. The demand for small, effective cooling solutions is […]
Electric motors for electric vehicle market is anticipated to grow at a significant CAGR of 21.7% during the forecast period. One of the major factors that are fueling the market is the growing demand for electric vehicles in the market, globally. Pollution has been growing for years and vehicle emission is one of the main […]
Cognitive supply chain market is anticipated to grow at a significant CAGR of 17.9% during the forecast period (2023-2030). With a growing competitive market and the complexity of supply chain systems, organizations are adopting advanced technologies such as cloud computing, AI/ML, and IoT to improve operational efficiency and cost reduction. Additionally, COVID-19 and rising geopolitical […]
Automotive Brake-By-Wire (BBW) system market is anticipated to grow at a significant CAGR of 11.9% during the forecast period (2024-2031). The industry growth is attributed to pivotal factors such as increased awareness of vehicle safety, expanding use of BBW systems in modern cars, component downsizing, and laws requiring the integration of advanced safety systems. Automotive […]
Relays market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as increasing demand for automation in industrial processes, growth in renewable energy projects and grid modernization, expansion of smart home and IoT applications, and surge in power infrastructure development. […]
Ferroelectric liquid crystal display market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). The ferroelectric liquid crystal display (FLCD) demand is influenced by its superior display quality, low power consumption, versatility, and application diversity. FLCDs are particularly valuable in gaming, medical imaging, and digital signage due to their high […]