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Press Releases from Allied Analytics (35 total)

Lithium Sulfur Battery Market Increasing Demand and Dynamic Growth with Forecast …

The global lithium sulfur battery market is projected to reach $5.6 billion by 2030, with a CAGR of 30.1% from 2021 to 2030. There are increasing future applications of lithium sulfur battery in planetary landers, planetary rovers, planetary orbiteers, and other satellite equipment. The rapid innovation and development of aerospace technologies led to the increase in space-based activities, which boosted the need for highly efficient power source to drive the

Nitrogen Oxide Control Systems Market To Perceive Substantial Growth by 2025

The global nitrogen oxide control systems market is projected to reach $28,044 million by 2025, registering a CAGR of 5.7% from 2018 to 2025. The global nitrogen oxide control systems market is driven by factors such as stringent government regulations and programs, such as the Clean Air Act Amendments of 1990 and the Ozone Transport Region (OTR) NOx Cap and Allowance Trading Program, to reduce nitrogen oxide emission in different

Dry Type Transformer Market 2022 Rising Best Technology Trends Research By Major …

The global dry type transformer market is projected to reach $7.3 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027. Increase in electricity consumption, new civil infrastructural developments, replacement of existing distribution transformers for integration with renewable energy sources as well as deployment of smart power grids are the major factors that boost the growth of the global dry type transformer market. The development of electric

Wired Charging Market Expanding Massively by 2030

The wired charging market is projected to reach $15.9 billion by 2030, growing at a CAGR of 3.9% from 2021 to 2030. Wired charging plays an important role in the daily lives of human beings, as everyone is surrounded by chargeable gadgets. Rise in demand for mobile & laptops in this decade led to increase in demand for wired chargers, which act as the major driving factor for the market.

Light Control Switches Market worth $12.5 Billion by 2030

Light control switches market forecast projected to reach $12.5 billion by 2030, with global Light control switches market forecast expected at a CAGR of 5.7% from 2021 to 2030. Rising urbanization led to increase in the residential, commercial and industrial properties which in turn to increase the demand of light control switches and act as the major driving factor for the market. In addition, government of developing countries such as

Lithium-Ion Battery Recycling Market Estimated to Observe Significant Growth by …

The lithium-ion battery recycling market is projected to reach $38.21billion by 2030, growing at a CAGR of 36.0% from 2021 to 2030. The global lithium-ion battery market is anticipated to witness rapid growth, owing to increase in use of various automobiles such as electric & hybrid vehicles, which, in turn, is anticipated to fuel growth of the lithium-ion battery recycling market in upcoming years. Currently, there are established patented recycling

Energy Harvesting System Market to Register Highest CAGR of 7.5% By 2030

The global energy harvesting system market is projected to reach $1,057.7 million by 2030, growing at a CAGR of 7.5% from 2021 to 2030. Rise in demand for energy has increased dependency on fossil fuels for production of energy. However, use of fossil fuel for production of energy leads to high carbon dioxide emission that further leads to environmental degradation. Hence, to overcome this problem, there is development of energy

Brown Hydrogen Market Growing Rapidly with Significant Trends by 2030

The brown hydrogen market is projected to reach $48.9 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030. Factors that drive the brown hydrogen market growth are availability and less prices of raw material i.e., coal, and less production cost as compared to green hydrogen. However, the factors that hinder the market growth are high carbon foot print of coal gasification process and rising traction of

Carbon Capture, Utilization, and Storage Market is Booming Worldwide during 2022 …

The global carbon capture, utilization, and storage market is projected to reach $7.0 billion by 2030, growing at a CAGR of 13.8% from 2021 to 2030. Carbon Capture, utilization, and storage (CCUS) is an emission reduction process, which is intended to prevent large amounts of carbon dioxide being released into the environment. The technology involves collection, transportation and injection of the carbon di oxide so that it would not escape

Gas Turbine Market to Signify Strong Growth by 2022-2030 & COVID-19 Effect

The global gas turbine market is projected to reach $25.4 billion by 2030, growing at a CAGR of 3.3% from 2021 to 2030. Demand for gas turbine has witnessed significant increase driven by surge in applications of gas turbines such as power generation, oil & gas, marine, aerospace, and process plants. All industry players are investing heavily to find new commercial avenues for their product segments via strategic production and

Green Hydrogen Market Growth Expanding Massively by 2028

The global green hydrogen market is projected to reach $9.8 billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028. Green hydrogen is generated by the electrolysis of water using renewable energy sources such as wind or solar energy. Presence of favorable government policies encouraging hydrogen economies, as well as environmental concerns about rising carbon emissions from fossil fuel use, are expected to fuel demand for hydrogen.

Increasing Lithium-Ion Battery Demand in Market Expected to Hit $129.3 billion b …

The Lithium-Ion Battery Market size was valued $36.7 billion in 2019, and is projected to reach$129.3 billion by 2027, at a CAGR of 18.0% from 2020 to 2027. The growth of the global lithium-ion battery market is driven by increase in demand for energy conservation among automotive companies by using lithium-ion batteries. Moreover, enforcement of stringent regulations regarding the emissions from traditional vehicles is expected to augment the demand for

Wave and Tidal Energy Market Growth Accelerating at a Rapid Pace due to Innovati …

Wave energy is defined as the energy of the ocean surface waves, which is captured for electricity generation, desalination, and the pumping of water into reservoirs. Wave and tidal energy are considered to be the most promising green technologies as they generate the most concentrated source of renewable energy. Oceans are an inexhaustible source of clean energy. Therefore, harnessing tidal and wave energy from the ocean surfaces is expected to

Mining Drilling Services Market is Flourishing at 6.7% CAGR with Growth Drivers …

The demand for drilling services majorly depends on the exploration, production, and development activities conducted by mining companies, specifically with respect to commodities such as gold, copper, and other metals. Drilling services also comprise wide range of drilling technologies such as surface &underground diamond coring, reverse circulation, sonic drilling, and others. The mining drilling services market size was valued at $2.5 billion in 2019, and is projected to reach $4.4

Reservoir Analysis Market Professional Survey, Revenue, Growth, Trends and Forec …

Growth in global energy demand, rising focus on mature oil & gas fields, and new field developments have driven the growth of the market. On the other hand, high cost and several risks as well as complexities associated with reservoir analysis have happened to restrain the growth to certain extent. However, high-end technological advancements in reservoir analysis have created multiple opportunities in the segment. Global reservoir analysis market was valued at

Global Mobile Payment Market Share Growing at 30.1% CAGR to Generate $12.06 Tril …

Increase in penetration of smartphones across the globe and rise in the m-commerce industry in emerging countries are the major factors driving the growth of the mobile payment market. On the other hand, rising data breaches and security issues in mobile payment restrains the growth to some extent. However, growth in usage of NFC, RFID, and host card emulation technology in mobile payment and surge in demand for fast and

Power Management Integrated Circuits Market to Grow $51.04 Billion, Globally, by …

Rise in technological advancements, surge in demand for battery-operated devices, and growth of the semiconductor industry and semiconductor applications drive the growth of the global power management integrated circuits market. In addition, increase in sales of consumer electronics & automobiles and reduction in cost & area density supplement the market growth. However, multi-power domain system on chip (SOC) of PMICs hampers the market growth. On the contrary, rise in application

Why Head-Up Display (HUD) Market is Growing at Faster Pace in American Regions? …

Rise in demand for high-tech vehicles, higher penetration rate of head-up displays in the aerospace and defense sector, demand for safety features in automobiles, and challenging driving conditions drive the growth of the global head-up display market. However, its high cost hampers the market. On the contrary, advancements in AR technology and emergence of new applications are expected to create lucrative opportunities for the market players. COVID-19 scenario: As the majority of

Why Smart Devices Market Growing at a Faster Rate? Regional Analysis and Growth …

Most of the companies are developing new products to increase market share and the primary strategy adopted by most companies is partnerships and collaborations as it allows them to share technical expertise. Some of the key companies profiled in this report are Samsung, Apple, Pebble, Mayo Clinic, Google, Adafruit, Sony, Panasonic and Vuzix. Smart Devices are devices that perform various smart functions such as health monitoring, people tracking, driving

GaN Power Device Market Set to Grow $1.24 Billion by 2027, at 35.4% CAGR

Decrease in prices of GaN devices, increase in demand for GaN devices for wireless charging, and rise in adoption of GaN devices in electric vehicle have boosted the growth of the global GaN power device market. In addition, increase in requirement of GaN devices for commercial RF applications augments the growth of the market. On the other hand, lack of availability of GaN material hampers the market growth to some

3D Camera Market Expected to Reach $11,131 Million by 2024, CAGR of 37.1%

Increasing demand of 3D content from entertainment industry and enhancement in 3D scanning technology, are fostering the market growth. Key camera developers are developing innovative cameras, enhanced by emerging 3D technology. High price and lack of awareness impedes the market. The global 3D camera market was valued at $1,219 million in 2017, and is projected to reach $11,131 million by 2024, growing at a CAGR of 37.1% from 2017 to 2024. Download

Global and Asia-Pacific Radar Market share growing at 3.8% CAGR to Reach $49.43 …

Increased territorial battles, advancements in radar technology, and rise in demand for radar systems in automotive & defense industry drive the growth of the global & Asia-Pacific radar market. However, adverse climatic conditions hamper the market. On the contrary, high investment from the developed countries in military sector is expected to create lucrative opportunities for the market players in the future. Major market players: Northrop Grumman Corporation SAAB AB Lockheed Martin Corporation Thales Group, Rockwell

Intelligent Lighting Controls Market share growing at tremendous rate 17.4% CAGR …

Increase in penetration of LED bulbs and lightings globally and rise in government initiatives toward energy saving measures fuel the growth of the global intelligent lighting controls market. On the other hand, high initial installation cost impedes the growth to some extent. However, emerging smart city projects in developing economies and growing inclination toward energy-efficient lighting solutions are expected to create multiple opportunities in the industry. Key players in the industry- Cisco Cree,

Industrial Cobot Market Share Growing at 44.8% CAGR to Generate $12.48 Billion, …

Rise in demand for automation, availability of affordable and energy-efficient industrial cobots, and surge in investment in R&D activities augment the growth of the global industrial cobot market. However, high installation cost restrains the market growth. On the other hand, growing robot installation in various industry verticals across the globe offers multiple opportunities to the market players. According to the report, the global industrial cobot industry garnered $0.65 billion in

Crowdsourcing Market by Platform Type (Open Service Platform and Managed Service …

Companies need platforms to market and develop new products based on customer data & information. Thus, organizations and other business sectors gather knowledge and ideas by crowd sourcing, which drives the crowdsourcing market growth. However, businesses with sensitive budget are reluctant to invest on these categories. In addition, there is lower consumer penetration in rural areas, owing to weak internet & social knowledge, which hinders the market growth. Crowdsourcing usually entails

Global Shadow Banking Market Share by 2027: UBS Group AG, Standard Chartered PLC …

Surge in adoption of shadow banking in real estate projects to avoid regulatory framework and increase in adoption of shadow banking in emerging countries drive growth of the market. However, strict regulations imposed by governments to avoid shadow banking practices hamper growth of the market. Furthermore, rise in adoption of shadow banking by various industries and non-financial institutes to surge their profit and grow in emerging countries such as India

Cash Payment Market Growing at Faster Pace - Global Opportunity Analysis and Ind …

Increase in need in daily payments for purchasing, transacting bills payment, provisions among individuals & businesses are some of the factors that drive the market growth. However, rise in competition among players offering cash payments and stringent government regulations are some of the factors that hamper the market growth. Cash payment is a formal transfer of money by a participant, such as individual or a corporation to another party in

Two Wheeler Insurance Market Share Growth by 2027: Which regions are gaining utm …

Surge in number of two-wheeler buyers across developing nations and rise in awareness among individuals regarding insurance benefits drive growth of the market. In addition, rise in automobile sales and mandatory requirements to insure all vehicles by governments across the world fuels the growth of the market. However, rise in competition in the insurance market hampers growth of the market. Furthermore, increase in urbanization and adoption of digital platforms by

Next Generation Memory Technologies Market Share by 2027: New Technologies and R …

Some of the major players engaged in production of next generation memory technologies are Samsung electronics, Crossbar Inc., Fujitsu Ltd, Micron technology, Inc., SK Hynix, Inc., Future electronics and others. These companies continuously enhance their R&D sections to cope up with new technology advents taking place. Micron technology, a leading provider of advanced memory and storage solutions has announced production of DDR4 memory to support the upcoming Intel CPU’s. The next

World Acoustic Sensor Market Share by 2027: Latest Updates and New Technologies …

The global acoustic sensors market is driven by increase in government initiatives, rise in number of acoustic-based Micro Electrical Mechanical System (MEMS) devices, and technological advancements. However, high cost of these systems hampers the market growth. Moreover, increased investment in R&D is expected to provide new opportunities for market growth. The major players profiled in the report includes BOSTON PIEZO-OPTICS INC., Ceramtec, Murata Manufacturing Co., Teledyne Microwave Solutions., KYOCERA Corporation, Panasonic

Global Smart Gas Meter Market Share by 2027: Latest Technologies by Tech Giants …

The demand for smart gas meters is expected to rise globally in the next few years, owing to various factors such as stringent government regulations, growth in urbanization, and rise in of demand for gas. However, high maintenance cost and complex design components of these systems restrain the growth of the market. Moreover, increased investment to digitalize gas distribution channels are expected to open new opportunities in the market. Download Sample

World Quantum Cascade Lasers Market Share by 2027: Global Opportunity Analysis a …

QCLs offer enormous potential in biomedical, sensing, R&D, military, and homeland security areas. These high-power lasers with low failure rate, robust fabrication, and long-life time boost the market growth. Its usage in LIDAR, industrial process control, automotive cruise control, and collision avoidance radar makes way for market growth opportunities. However, changing customer needs and costs associated with broadening the scope of QCL-based systems restrains the market growth. Key players operating in

World Smart Irrigation Market Share by 2027: Latest Technologies Invented by Tec …

Growth in food demand of the ever increasing population fuels the market growth. Also, emphasis of world governments on the planned use of natural resources such as water and greater awareness about environmental issues helps in the growth of the market. However, shortage of the irrigation at a commercial level hinders the market growth. Smart irrigation is the advanced irrigation system that uses various sensors and network components for the purpose

Global LED Materials Market Share by 2027: CREE, Inc., Hitachi Metals, Ltd., Lak …

LED materials gain popularity in the market with high growth rate, owing to the fact that various LED products used in cruise ship lights, industrial, hospital, and residential lightning illuminate their facades. Moreover, favorable government policies including various labeling and certification programs provide new growth opportunities for the LED industry. However, the short lifespan of these materials prevent exponential growth of the market. The LED material market is segmented based

Claddings Market Scope, Growth Drivers & Strategy Framework, Forecasts 2022 | Ac …

The claddings market has risen to great heights with the development of product for the residential and commercial infrastructure globally. That extra layer of skin on the exterior and interior of building structures to warrant safety from weather elements and add aesthetic appeal has yielded an emerging market. Global claddings market is expected to reach $262,381 million by 2022 growing at a CAGR of 6.7%. North America dominated the market

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