Press Releases from Allied Analytics LLP (4385 total)
Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measures…
Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature source…
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies.
Energy efficient lighting refers to lighting systems and products that use less electricity…
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.…
USD 4.6 Billion AI Energy Revolution: 23.2% Annual Growth Forecast Through 2032
Allied Market Research has released a comprehensive new report titled "Artificial Intelligence in Renewable Energy Market," revealing that the market was valued at $0.6 billion in 2022 and is projected to grow at a robust CAGR of 23.2%, reaching $4.6 billion by 2032. This rapid growth underscores the increasing importance of AI as a transformative force across the global energy ecosystem.
Artificial intelligence (AI) is revolutionizing the way renewable energy sources…
Cable Tray Market to Hit USD 9.2Bn by 2032 | 6.1% CAGR Growth (2023-2032)
According to a new report published by Allied Market Research, titled, "Cable Tray Market," The cable tray market value was $5.0 billion in 2022, and is estimated to reach $9.2 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.
A cable tray is a structural system used in the construction and electrical industries to support, organize, and protect electrical cables and wiring. Typically made from metal or…
Strengthening the Grid: Utility Poles Market Trends and Innovations
According to a new report published by Allied Market Research, the utility poles market size was valued at $51.5 billion in 2022, and is estimated to reach $67 billion by 2032, growing at a CAGR of 2.7% from 2023 to 2032.
Utility Poles: Essential Infrastructure for Power Distribution
Utility poles are vertical structures used to support overhead power lines, telecommunications cables, and other utility equipment. They play a crucial role in the…
Biodiesel Market Set for Significant Growth in Renewable Fuel Sector
According to a new report published by Allied Market Research, the biodiesel market size was valued at $50.9 billion in 2022, and is estimated to reach $70.9 billion by 2032, growing at a CAGR of 3.4% from 2023 to 2032.
Biodiesel: A Renewable Alternative Fuel
Biodiesel is a renewable, biodegradable fuel made from vegetable oils, animal fats, or recycled cooking grease. It serves as an alternative to conventional diesel fuel and can…
Biogas Market to Witness Robust Expansion Through 2032
According to a new report published by Allied Market Research, the biogas market size was valued at $59.0 billion in 2022, and is estimated to reach $88.6 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032.
Biogas: A Renewable Energy Source
Biogas is a renewable energy source produced through the anaerobic digestion of organic materials, such as agricultural residues, animal manure, food waste, and sewage. This process generates…
Waste to Energy Market Poised for Growth: Turning Waste into Renewable Power
According to a new report published by Allied Market Research, titled, "Waste to Energy Market," The waste to energy market size was valued at $35.6 billion in 2022, and is estimated to reach $56.0 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032.
The global waste-to-energy (WtE) market is emerging as a crucial solution to two pressing environmental challenges: growing waste generation and increasing energy demand. With…
Decarbonizing Energy: The Growth Trajectory of CCS in Global Power Generation Ma …
According to a new report published by Allied Market Research titled, "Global Carbon Capture and Storage (CCS) in Power Generation Market by Fuel Type, Service and Technology: Global Opportunity Analysis and Industry Forecast, 2022-2032." The CCS in power generation market size was valued at $ 131.2 million in 2022 and is projected to reach $450.5 million by 2032, growing at a CAGR of 11.7% from 2023 to 2032. Canada is…
Renewable Energy Market Set to Surge Amid Global Clean Power Push
According to a new report published by Allied Market Research, titled, "renewable energy market" was valued at $1.1 trillion in 2023, and is projected to reach $2.5 trillion by 2033, growing at a CAGR of 8.5% from 2024 to 2033.
Renewable energy refers to power generated from natural sources that are naturally replenished on a human timescale and are not exhausted through use. These sources include sunlight, wind, rain, tides, geothermal…
Energy Storage Systems Market: Unlock Multi-Billion Dollar Market Potential
According to a new report published by Allied Market Research, the energy storage system market size was valued at $198.8 billion in 2022, and is estimated to reach $329.1 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.
An energy storage system (ESS) represents a pivotal technological advancement capable of storing electricity for subsequent use. These systems, comprising individual devices or interconnected units, offer a versatile solution…
Clean Energy Market to Power Global Growth in the Coming Decade
According to a new report published by Allied Market Research, the clean energy market size was valued at $0.6 trillion in 2022, and is estimated to reach $1.4 trillion by 2032, growing at a CAGR of 9.1% from 2023 to 2032.
Clean energy is energy that produces minimal greenhouse gas emissions, particularly carbon dioxide (CO2), during its generation and utilization. This includes renewable energy sources as well as geothermal energy, which,…
Smart Grid and Green Energy Integration Propel Power Transformer Market
According to a new report published by Allied Market Research, The power transformer market was valued at $27.7 billion in 2019, and is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020 to 2027.
Power Transformer: Essential Equipment for Electrical Power Distribution
A power transformer is a critical component in electrical power systems, used to transfer electrical energy between different voltage levels. They play a vital role…
Carbon Credit Trading Platforms Market: Powering Global Net-Zero Ambitions
According to a new report published by Allied Market Research, the carbon credit trading platform market was valued at $112.4 million in 2022, and is estimated to reach $556.8 million by 2032, growing at a CAGR of 17.4% from 2023 to 2032.
A carbon credit trading platform is an online marketplace or system that facilitates the buying and selling of carbon credits, which represent the right to emit a certain amount…
Rising Demand for Clean Heat Drives Growth in Solar Thermal Market
According to a new report published by Allied Market Research, the solar thermal market size was valued at $21.5 billion in 2021, and solar thermal industry is estimated to reach $35.3 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Solar Thermal: Harnessing Sunlight for Heat Energy
Solar thermal technology captures and converts sunlight into thermal energy (heat) for various applications, including space heating, water heating, and industrial…
Rising Adoption in Food, Chemicals, and Pulp & Paper Sectors Boost Industrial He …
According to a new report published by Allied Market Research, the industrial heat pump market size was valued at $9.5 billion in 2023, and is estimated to reach $19.3 billion by 2033, growing at a CAGR of 7.4% from 2024 to 2033.
Industrial Heat Pump: A Sustainable Solution for Process Heating and Cooling
An industrial heat pump is a device that transfers heat from one location to another, often used in manufacturing…
Rising Demand for Re-Refined Oil Drives Waste Oil Market Expansion
According to a new report published by Allied Market Research, the global Waste Oil market size was valued at $45.0 billion in 2021 and is projected to reach $70.6 billion by 2031, registering a CAGR of 4.7% from 2022 to 2031.
"Waste oil" refers to any synthetic or petroleum-based oil that has become unsuitable for its original purpose due to the presence of impurities, loss of original properties, or contamination. This…
Rising Demand for Clean Fuels and Chemicals Drives Syngas Market Growth
According to a new report published by Allied Market Research, the global syngas market size was valued at $43.6 billion in 2019, and is projected to reach $66.5 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.
Syngas, which consists of hydrogen and carbon dioxide, is a natural gas fusion. It is an adaptable intermediate used in methanol, ammonia, and SNG manufacturing. Syngas is created by a…
Rising Demand for Prefabricated Electrical Units Boosts Electrical House (E-Hous …
According to a new report published by Allied Market Research, The global electrical house (E-House) market size was valued at $1.2 billion in 2020, and is projected to reach $2.3 billion by 2030, growing at a CAGR of 6.4% from 2021 to 2030.
An Electrical House (E-House), also known as a Power House or Switchgear House, is a prefabricated modular building that contains electrical equipment and systems necessary for power distribution,…
Surge in Renewable Energy Investments Powers Solar Inverter Market Boom
According to a new report published by Allied Market Research, The solar (PV) inverter market size was valued at $7.7 billion in 2020, and is projected to reach $17.9 billion by 2030, growing at a CAGR of 8.8% from 2021 to 2030.
A solar inverter, also known as a photovoltaic (PV) inverter, is an essential component of a solar power system. Its primary function is to convert the direct current (DC)…
Rising Demand for Lightweight Renewable Solutions Fuels Flexible Solar Panels Ma …
According to a new report published by Allied Market Research, The global flexible solar panels market size was valued at $464.31 million in 2020, and projected to reach $914.07 million by 2030, with a CAGR of 7.1% from 2021 to 2030.
Flexible solar panels are a type of solar panel that is made from flexible materials such as plastic or thin-film photovoltaic (PV) cells, instead of rigid materials like glass. Flexible…
Next-Gen Energy on the Go: Portable Battery Market Forecast Through 2030
According to a new report published by Allied Market Research, the global portable battery market size was valued at $10.8 billion in 2020, and is projected to reach $27.5 billion by 2030, with global portable battery market forecast expected at a CAGR of 10.4% from 2021 to 2030.
A portable battery, often referred to as a power bank, is a compact energy storage device designed to charge electronic devices on the…
Rising Grid Investments to Power the High Voltage Capacitor Market Growth by 203 …
According to a new report published by Allied Market Research, The high voltage capacitor market size was valued at $11.8 billion in 2020, and is projected to reach $30.3 billion by 2030, growing at a CAGR of 9.9% from 2021 to 2030.
High voltage capacitors are specialized capacitors designed to handle high voltage levels. They are used in various applications where high voltage levels are required, such as in power electronics,…
Future-Proofing Electronics: Surge Protector Market to Witness Robust Growth by …
According to a new report published by Allied Market Research, the Global Surge Protector Market size was valued at $3.9 billion in 2020 and is anticipated to generate $6.8 billion by 2030. The market is projected to experience growth at a CAGR of 5.4% from 2021 to 2030.
Power surge protector is designed to protect electrical appliances from voltage spikes. These protectors limit voltage supplied to an electric device by either…
Surge in Renewable Integration to Drive Cast Resin Dry Type Transformer Market
According to a new report published by Allied Market Research, the cast resin dry type transformer market size was valued at $3.0 billion in 2020, and is projected to reach $5.0 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.
Cast resin dry type transformers are magnetic core transformers in which the windings and core are kept in a sealed tank that uses air as a cooling…
Japan's Portable Power Station Market Sees Rising Demand for Off-Grid and Backup …
According to a new report published by Allied Market Research, the Japan portable power station market size was valued at $137.9 million in 2020, and is projected to reach $225.5 million by 2030, growing at a CAGR of 5.1% from 2021 to 2030.
A portable power station is a battery-powered generator that can be used to charge various devices, such as fans, mobile phones, computers, and other electronic devices. Charging capacity,…
Liquefied Petroleum Gas (LPG) Market Expansion Driven by Energy Demand and Clean …
According to a new report published by Allied Market Research, the liquefied petroleum gas (LPG) market size was valued at $130.1 billion in 2020, and is projected to reach $243.4 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.
Liquefied petroleum gas (LPG) is obtained from compression and cooling of two gases named propane and butane, which are formed from oil wells. Liquefied petroleum gas is mostly…
Singapore Bunker Fuel Market Set for Steady Growth Amid Maritime Shifts
According to a new report published by Allied Market Research, The Singapore bunker fuel market size was valued at $17.6 billion in 2020, and is projected to reach $24.5 billion by 2030, growing at a CAGR of 3.5% from 2021 to 2030.
Singapore is one of the world's largest bunkering ports and is a significant hub for the supply and trading of bunker fuel. Bunker fuel is a type of fuel…
Solar Panel Recycling Market Poised for Strong Growth in the Coming Decade
According to a new report published by Allied Market Research, the solar panel recycling market size was valued at $139.7 million in 2020, and is projected to reach $478.6 million by 2030, growing at a CAGR of 13.1% from 2021 to 2030.
Solar panel recycling is an essential process aimed at recovering valuable materials from decommissioned or damaged solar panels to minimize environmental impact and promote sustainability. As the adoption of…
Power Distribution Unit Market Set to Surge with Industrial and IT Demand
According to a new published report by Allied Market Research, the power distribution unit market size was valued at $4.1 billion in 2020, and is projected to reach $7.9 billion by 2030, growing at a CAGR of 6.9% from 2021 to 2030.
What is a Power Distribution Unit?
A power distribution unit is an electrical device that has multiple sources of integrated power outputs. Each power output socket can be connected with…
Rising Smart Home Integration to Drive USB Wall Socket Market Growth
According to a new report published by Allied Market Research, the USB wall socket market size was valued at $1.0 billion in 2021, and USB wall socket industry is estimated to reach $1.6 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
What is a USB Wall Socket?
The USB wall charger (USB wall socket) refers to a universal power adapter that enables users to plug into multiple…
Nuclear Power Plant and Equipment Market to Witness Robust Investment by 2030
According to a new report published by Allied Market Research, the global nuclear power plant and equipment market size was valued at $41.1 billion in 2020, and is projected to reach $58.4 billion by 2030, with global nuclear power plant and equipment market forecast expected at a CAGR of 3.5% from 2021 to 2030.
What is a Nuclear Power Plant?
Nuclear power plants are differed from fossil power plants mainly in the…
Microturbine Market to Grow Steadily on the Back of Distributed Energy Trends
According to a new report published by Allied Market Research, The microturbine market size was valued at $234.7 million in 2021, and microturbine industry is estimated to reach $547.9 million by 2031, growing at a CAGR of 8.9% from 2022 to 2031.
What is a Microturbine?
A microturbine is a small, gas turbine that produces electrical power, typically ranging from 30 kW to 500 kW. Microturbines are designed for distributed generation applications…
Future of Power: Off-Grid Solar Market to Experience Double-Digit Growth
According to a new report published by Allied Market Research, The off-grid solar market size was valued at $1.9 billion in 2021, and is estimated to reach $5.8 billion by 2031, growing at a CAGR of 12.3% from 2022 to 2031.
What is Off-Grid Solar?
Off-grid solar refers to solar power systems that operate independently from the traditional electricity grid. These systems generate and store electricity for use in remote locations or…
Electrification of Warehousing and Logistics Fuels Forklift Battery Market Growt …
According to a new report published by Allied Market Research, the forklift battery market size was valued at $5.9 billion in 2022, and is estimated to reach $11.2 billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032.
What is a Forklift Battery?
A forklift battery is a rechargeable energy storage device specifically designed to power electric forklifts. These batteries provide the necessary energy to operate the forklift's electric…
Expanding Infrastructure and Electrification Drive Growth in Low Voltage Cable M …
According to a new report published by Allied Market Research, The low voltage cable market size was valued at $158.9 billion in 2022, and is estimated to reach $278.7 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032.
What is Low Voltage Cable?
Low voltage (LV) cables are electrical cables designed to carry electrical currents at relatively low voltages. In most cases, low voltage is defined as voltages…
Global Energy Efficient Motor Market Set for Robust Growth Through 2032
According to a new report published by Allied Market Research, the energy efficient motor market size was valued at $48.5 billion in 2022, and is estimated to reach $119.1 billion by 2032, growing at a CAGR of 9.5% from 2023 to 2032.
What is an Energy Efficient Motor?
An energy efficient motor is a type of electric motor designed to use less energy while providing the same output as standard motors. These…
Backup Power Demand Boosts Global Generator Market Forecast
According to a new report published by Allied Market Research, the generator market size was valued at $45.9 billion in 2022, and is estimated to reach $74.1 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032.
What is a Generator?
A generator is a device that converts mechanical energy into electrical energy through electromagnetic induction. It is commonly used to provide electrical power in various applications, from portable…
Cleaner Coal Technologies Drive Growth in the Coal Gasification Market
According to a new report published by Allied Market Research, the coal gasification market size was valued at $186.9 billion in 2022, and is estimated to reach $544.2 billion by 2032, growing at a CAGR of 11.4% from 2023 to 2032.
What is Coal Gasification?
Coal gasification is a process that converts coal into synthetic gas (syngas) by reacting it with oxygen and steam at high temperatures. The resulting syngas primarily contains…
Waste to Energy Market Sees Rising Adoption in Developing Countries for Power Ge …
According to a new report published by Allied Market Research, the waste to energy market size was valued at $35.6 billion in 2022, and is estimated to reach $56.0 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032.
Waste-to-Energy (WtE) refers to the process of generating energy, typically in the form of electricity and heat, from the conversion of various types of waste materials. This approach helps…
Commercial Water Heater Market Set for Strong Growth Amid Rising Hospitality and …
According to a new report published by Allied Market Research, The commercial water heater market was valued at $6.3 billion in 2022 and is estimated to reach $9.9 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032.
What is a Commercial Water Heater?
A commercial water heater is a high-capacity heating system designed to provide hot water for various applications in commercial settings, such as restaurants, hotels, hospitals,…
Cable Glands Market Driven by Demand for Safe and Secure Cable Management
According to a new report published by Allied Market Research, the cable glands market size was valued at $2.4 billion in 2022, and is estimated to reach $4.5 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.
What are Cable Glands?
Cable glands are mechanical devices designed to secure and protect the ends of electrical cables as they enter equipment or enclosures. They provide strain relief, environmental sealing,…
Aluminum Cable Market Growing Due to Demand in Power Transmission and Distributi …
According to a new report published by Allied Market Research, the aluminum cable market size was valued at $22.8 billion in 2022, and is estimated to reach $38.1 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032.
What is Aluminum Cable?
An aluminum cable is an electrical cable that uses aluminum conductors to carry electrical currents. The conductors are the core elements of the cable responsible for transmitting…
Bio-LNG Market to Witness Robust Growth as Green Alternatives Gain Momentum
According to a new report published by Allied Market Research, The bio-LNG market size was valued at $0.7 billion in 2022, and is estimated to reach $3.4 billion by 2032, growing at a CAGR of 17.9% from 2023 to 2032.
What is Bio-LNG?
Bio-LNG (Bio-Liquefied Natural Gas) is a renewable form of liquefied natural gas produced from organic materials. It is a cleaner alternative to conventional fossil fuels, contributing to reduced greenhouse…
Cleaner Heating Technologies Propel Commercial Boiler Market Expansion
According to a new report published by Allied Market Research, The global commercial boiler market size was valued at $1.9 billion in 2020, and is projected to reach $2.8 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030.
What is a Commercial Boiler?
A commercial boiler is a large-scale heating system designed to provide hot water or steam for commercial buildings and industrial processes. These boilers are essential…
Solar Freezer Market Sees Rising Demand for Off-Grid Solutions
According to a new report published by Allied Market Research, the global solar freezer market size was valued at $8.0 billion in 2020, and is projected to reach $15.5 billion by 2030 with expected solar freezer market forecast at a CAGR of 6.9% from 2021 to 2030.
What is a Solar Freezer?
A solar freezer is a refrigeration unit powered by solar energy, designed to keep food and other perishable items frozen…
Turbine Motors Market Expands with Rising Power Generation Demand
According to a new report published by Allied Market Research, the global turbine motors market size was valued at $194.1 billion in 2020, and is projected to reach $422.2 billion by 2030 with expected Turbine Motors market forecast at a CAGR of 8.1% from 2021 to 2030.
What are Turbine Motors?
Turbine motors are mechanical devices that convert fluid energy (from steam, gas, or water) into mechanical energy using a turbine. They…
Rising Demand for LNG and Hydrogen Boosts Cryogenic Fuels Market
According to a new report published by Allied Market Research, The global cryogenic fuels market was valued at $105.6 billion in 2020, and is projected to reach $188.7 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.
Cryogenic fuels are fuels that are stored and transported at extremely low temperatures, typically below -150°C (-238°F). These fuels are used in various applications, particularly in aerospace, energy production, and…
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