The global electrolyzer market size is anticipated to expand to USD 22.3 Billion by 2032 at a CAGR of 95%. Heavy investments from governments around the globe, along with advancements in electrolyzer technologies are the major driving factors for the global electrolyzer market. The growing use of hydrogen in various industries and the increasing need for green hydrogen is set to rapidly surge the market growth for electrolyzers in the upcoming years.
Due to several important factors that are...
The global solar energy market size is anticipated to expand to USD 154.5 Billion by 2031 at a CAGR of 7.2%. Government support around the globe and the rising need for clean energy are major factors driving the global solar energy market, contributing to its rapid global expansion and adoption. With multiple solar-powered EV charging stations and solar farms to be planted in the upcoming years, the global solar energy market is set to surge in the near future.
One of the key factors that...
The global diesel generator market size is expected to expand to USD 28.1 Billion by 2031 at a CAGR of 7.2%. The demand for diesel generators is heavily driven by factories, office buildings, and industries including mining, oil & gas, and construction where a stable power grid is of utmost necessity. Moreover, the rising demand for hybrid diesel generators combining renewable energy sources such as wind, and solar power with low emissions is set to bring new opportunities for the global...
The global industrial pumps market size is expected to expand to USD 96.7 Billion by 2031 at a CAGR of 5.1%. The market expansion is heavily steered by industries such as water and wastewater treatment, oil and gas, chemicals, and power generation. Moreover, the use of smart pump technology in large-scale infrastructure projects has brought new opportunities in the global industrial pump market for the upcoming years.
There are numerous important factors contributing to the growth of the...
The global submersible pumps market size is expected to expand to USD 17.87 Billion by 2031 at a CAGR of 6.4%. The need for water and wastewater systems coupled with its use in construction, oil and gas, irrigation and mining industries are the major factors driving the global submersible pumps market. Technological advancements in pump systems and its increased efficiency provide multiple new opportunities for the expansion of the submersible pumps market in the upcoming years.
There are...
The global electric vehicle (EV) battery market size is expected to expand to USD 102.8 Billion by 2031 at a CAGR of 16.7%. The electric vehicle supportive programs and regulations around the globe are the major factors for the exponential growth of the global EV battery market. Consumer preference for EVs is driven by increased environmental concerns and a greater emphasis on sustainability, driving the demand for EV batteries. Moreover, with the advancements in battery technology and...
The global cold chain market size is expected to expand to USD 385 Billion by 2031 at a CAGR of 11.5%. The infrastructure and logistics required to preserve the integrity of temperature-sensitive goods from manufacturing to consumption are referred to as the cold chain infrastructure. Perishable items including food, medications, and chemicals fall under this category. There is a growing need for fresh, frozen, and preserved meals as more people decide to eat at home which is an essential...
The global market size in terms of revenue for lithium-air batteries is expected to expand to USD 17.8 Billion by 2030 at an 8.7% CAGR over the forecast period. The rise in the automobile industry and its use in heavy and light vehicles is the major factor driving the global lithium-air battery market. The rise in the global electric vehicle market has driven the growth of the lithium-air battery market in the past few years. The lithium-air battery has heavy potential to be used in robots...
The global electric bus market size is anticipated to expand at a CAGR of 17.8% over the forecast period and reach USD 65.7 Billion in 2030. The governments of various countries are adopting electric buses and are promoting the sustainable transportation drive. Many governments have implemented various policies and regulations to encourage the adoption of electric buses. The main aim of these policies is to reduce greenhouse gas emissions and improve air quality in urban areas. China in...
