Power Industry Reports

The rising demand for energy storage solutions and the shift towards renewable energy sources are driving the growth of the Global Air Electrode Battery Market  in the forecast period 202 4-2029 According to TechSci Research report, “ Global Air Electrode Battery Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, The Global Air Electrode Battery Market has witnessed substantial growth in recent years, driven by the increasing demand for efficient energy storage solutions and the accelerating shift towards renewable energy sources. These batteries represent a promising frontier in the realm of energy storage technologies, offering significant advantages in terms of high energy density, prolonged cycle life, and cost-effectiveness. The market's evolution stems from the critical role air electrode batteries play in addressing the challenges of energy storage and meeting the escalating demand for sustainable power solutions across diverse ind...

Global Wind Power Market is expected to grow owing to growing awareness of environmental issues and the importance of reducing carbon footprints throughout the forecast period. According to TechSci Research report,  “ Wind Power Market   - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”,  the Global Wind Power Market is expected to register robust growth during the forecast period. Continuous advancements in wind turbine technology contribute to increased efficiency and reduced costs, making wind power more competitive with traditional forms of energy generation. Larger rotor diameters, improved materials, and sophisticated control systems enhance the performance of wind turbines. As a result, the levelized cost of electricity (LCOE) for wind power has steadily decreased, making it economically viable and attractive for both utilities and independent power producers. One significant opportunity in the global wind power market is the pot...

Saudi Arabia Onshore Floating Solar Market is rising due to increasing focus on renewable energy sources to diversify the energy mix and reduce dependence on traditional fossil fuels during the forecast period According to TechSci Research report,  “ Saudi Arabia Onshore Floating Solar  Market  – By Region, Competition, Forecast and Opportunities,  2019-2029”,  The Saudi Arabia Onshore Floating Solar Market is experiencing a significant upswing as the kingdom strategically moves to diversify its energy mix. With a concerted effort to reduce reliance on conventional fossil fuels and mitigate environmental impact, the government has increasingly focused on leveraging renewable energy sources. The unique geographical features of Saudi Arabia, characterized by vast desert landscapes and abundant sunlight, make onshore floating solar installations particularly appealing. This innovative approach to solar energy deployment not only takes advantage of the ample availab...

Saudi Arabia LNG engine market is rising due to increased demand for cleaner and more sustainable energy solutions, with liquefied natural gas (LNG) emerging as a key alternative to traditional fuel sources during the forecast period According to TechSci Research report,  “ Saudi Arabia LNG Engine  Market  – By Region, Competition, Forecast and Opportunities,  2019-2029”,  the Saudi Arabia LNG engine market is experiencing a notable upswing driven by a confluence of factors. Saudi Arabia's strategic pivot towards diversifying its energy portfolio and mitigating carbon emissions has spurred a notable surge in demand for liquefied natural gas (LNG) engines. This transition reflects a global trend towards sustainability, positioning LNG as a cleaner and more environmentally friendly alternative to conventional fuels. The escalating adoption of LNG engines across various sectors, including transportation and power generation, underscores a steadfast commit...

Solar Panels Market - Increasing demand for clean energy and technological advancements are likely to drive the Market in the forecast period. According to TechSci Research report, “ Solar Panels Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, the Global Solar Panels Market to Grow with a CAGR of 27.19% through 2029. A primary driver propelling the global solar panels market is the increasing emphasis on environmental sustainability and the urgent need to mitigate climate change. As the detrimental effects of fossil fuel consumption become more apparent, governments, businesses, and individuals are actively seeking cleaner and renewable alternatives. Solar panels offer a sustainable energy solution by harnessing the power of the sun, a virtually limitless and eco-friendly resource. The reduction of greenhouse gas emissions and the mitigation of climate change impacts are key motivators behind the growing adoption of solar panels glo...

Increasing demand for LNG and rising need for clean energy sources are likely to drive the market in the forecast period According to TechSci Research report, “ Cryogenic Equipment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, the Global Cryogenic Equipment Market is experiencing a surge in demand in the forecast period. One primary driver propelling the global cryogenic equipment market is the escalating demand for Liquefied Natural Gas (LNG). As the world transitions towards cleaner energy sources, LNG has emerged as a pivotal component in the global energy mix. Cryogenic equipment, such as LNG storage tanks and vaporization systems, plays a critical role in the liquefaction, transportation, and regasification of natural gas. The rise in demand for LNG is attributed to its environmental benefits, as it produces fewer greenhouse gas emissions compared to traditional fossil fuels. This shift towards LNG is particularly notable in t...

Global Gas Turbines Market is expected to grow owing to supporting the integration of renewable energy sources, such as wind and solar, into the power grid throughout the forecast period. According to TechSci Research report,  “ Gas Turbines Market   - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”,  the Global Gas Turbines Market is expected to register robust growth during the forecast period. The growing global demand for electricity, driven by population growth, urbanization, and industrialization, is a primary driver for the gas turbines market. Gas turbines are widely used in power plants for electricity generation due to their efficiency, quick start-up capabilities, and versatility in various applications. The increasing focus on a hydrogen-based economy presents a significant opportunity for the gas turbines market. Hydrogen, as a clean fuel, has the potential to replace or complement traditional hydrocarbon fuels in gas turbi...

Environmental Concerns and Renewable Energy Adoption, Advancements in Solar Technology, and Growing Demand for Persistent Surveillance are factors driving the Global Solar Powered UAV market in the forecast period 2024-2028. According to TechSci Research report, “ Global Solar Powered UAV Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Solar Powered UAV Market stood at USD 551 million in 2022 and is anticipated to grow with a CAGR of 5.46% in the forecast period, 2024-2028. Solar-powered unmanned aerial vehicles (UAVs) are drones that use solar cells directly powered by the sun to power their operations. Solar cells are installed on solar-powered unmanned aerial vehicles (UAVs). During the day, these solar cells absorb solar energy. The power generated by the captured energy is used to power the drone and other onboard electronics. Furthermore, the power is used to recharge the on-board battery, which provides power during t...

Renewable Energy Mandates and Policies and Technological Advancements are the factors propelling the market growth . According to TechSci Research report, “ Global Biomass Gasification Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028” . Global Biomass Gasification is anticipated to project robust growth in the forecast period with a CAGR of 8.58% through 2028. Biomass is organic matter that is obtained from plants and animals. It is a renewable source that can be used for generating energy. It is capable of providing energy in form of heat as well as electricity upon burning and later turning the heat into electricity. Biomass Gasification is a process in which organic and fossil fuels are converted into gases. It is carried out through a controlled amount of oxygen and steam without any combustion. This process is carried out at high temperatures without allowing the matter to burn or combust. Biomass Biomass Gasification is a process where biomas...

Global biomass power generation market is expected to grow due to the advancements in biomass power generation techniques during the forecast period of 2024-2028. According to TechSci Research report,  “ Biomass Power Generation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”,  the global biomass power generation market is anticipated to register 4.97% CAGR during the forecast period. During the projected period, the worldwide biomass power generating market will be driven by the rising need for environmentally friendly and sustainable sources of energy generation. Biomass power generation is becoming more widely used in significant emerging nations worldwide. A dependable, economical, and secure source of electricity generation is biogas. It has been applied to advance economic growth and expand access to electricity. The main players in the global biomass power generation market are concentrating on innovation to expand their business pot...

Global Distributed Energy Resource Management System market is expected to grow, owing to the growing focus on energy efficiency and the increasing demand for renewable energy throughout the forecast period. According to TechSci Research report,  “ Distributed Energy Resource Management System Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028F”,  the global distributed energy resource management system market is expected to register 15.48% CAGR during the forecast period, owing to rising government initiatives for residential buildings, power consumption, and the demand for effective energy management systems that maintain grid dependability and flexibility of the distributed energy source, along with the growing penetration of renewable energy sources. Recent developments in DERMS include an increase in the use of sophisticated analytics, a rise in cloud use, appearance of blockchain-based solutions, and a sharper focus on cybersecur...