EV Charging Cables Market Will Reach USD 3,775.6 Million by 2030

The market size for EV charging cables is projected to be approximately USD 1,287.3 million in 2023, with an anticipated compound annual growth rate (CAGR) of 16.8% from 2024 to 2030. This growth is expected to lead to a market valuation of USD 3,775.6 million by the year 2030.

This development of the market can be credited to the increasing use of EVs due to the growing count of government initiatives to guarantee their acceptance. Furthermore, the rising pace of technical improvements, which are allowing advanced driving ranges and speeds, is contributing toward the development of the industry.

In terms of application, private charging holds the majority market share at approximately 70%, primarily due to the fact that a significant number of electric vehicles (EVs) are charged at the residences of their owners. The predominant type of private Electric Vehicle Supply Equipment (EVSE) consists of slow-charging variants, allowing vehicles to be plugged in overnight for charging.

The Asia-Pacific (APAC) region currently dominates the EV cables market, and it is expected to maintain its leading position until 2030, reaching a value of approximately USD 1.8 billion. This can be largely attributed to the increasing disposable income in the region and the presence of key industry players.

Within APAC, China holds the top position and is projected to experience a Compound Annual Growth Rate (CAGR) of 17.2% throughout the forecast period. This growth is driven by the widespread availability of electric vehicles (EVs), charging stations, and charging cables, coupled with continuous advancements in automotive technologies.

Apart from contaminating the air, fossil-fuel-based cars possess higher maintenance and working prices than EVs. This is mainly because they require changes in oil, fuel filter retrofitting, spark plug replacements, emission checks, and other efforts. On the other hand, 

EVs do not have numerous of these components, which makes their processes lucrative. Furthermore, several of them use regenerative braking, which helps in decreasing the wear and tear on brakes, and also in saving power.

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Exploring the Advantages of Automotive OTA Updates

It is hardly believable to imagine a world where we go inside any store every time to update our phone or computer OS. But we’re used to using OTA technology to keep up with the latest updates such as bug fixing and also launching new functions.

Though currently only a few of us link OTA updates with the auto vehicles, our views will soon change. With the help of this technology, manufacturers are trying to save and make money by looking for means of recalling and introducing updates.

Understanding Automotive OTA Updates 

OTA updates may include the software component known as SOTA, and FOTA – firmware over-the-air. Currently, SOTA updates are more likely to be used in vehicles than FOTA. If you are wondering why, it assists in understanding the differences between firmware and software.

Most of the automotive FOTA updates are directed to the essential systems. Alternatively, SOTA updates are mainly used to address the other non-safety issues such as poor latency that causes laggy touch screens.

Now, let’s look at some major advantages of Automotive OTA Updates:

When your car has a breakdown, it is very stressful and troublesome. The benefit of the OTA updates is that they take much less time from the consumers. Even if there is an advanced coffee maker, nobody would like their day to go by sitting in the dealership’s service waiting room.

A second benefit is money. People want to know how they can pay less for the repairs. Removal of the labor charges by the OTA updates reduces repair costs for any problems that are not recalled or beyond the manufacturing warranty limits. That is also great news for the dealers affected by a national shortage of auto technicians.

Moreover, data scientists will use the benefit of bidirectional connectivity that is being offered by OTA to upgrade the battery technology. Automakers can send or receive data from electric vehicles to enhance their performance over time.

OTA technology additionally makes it possible to monitor in real-time, and this will be very useful for any company that benefits from knowing the location of its drivers at any given moment and how a car is used.

Wrapping This Up

With the growing count of EVs and connected cars, the demand for automotive OTA updates will reach USD 13,959.5 million by the end of this decade.

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Hydrodesulfurization Catalyst Market is Led by the North American Region

The hydrodesulfurization catalyst market produced USD 3,092.9 million in 2023, and it will propel at a compound annual growth rate of 4.9% by the end of this decade, touching a value of USD 4,267.9 million by 2030. 

This is because of the cumulative air pollution from combustion devices in petroleum refineries, houses, motor vehicles, industrial amenities, and forest fires.

On the basis of type, the cobalt–molybdenum category led the industry with a share of about 40%, and it will power at a considerable rate in the years to come. Cobalt–molybdenum-based catalyst is the most used for the hydrodesulfurization of crude oil in refineries. 

This is for the reason that molybdenum catalysts are resilient to poisoning by sulfur, and cobalt-based catalyst has the advantage of high catalytic action, high selectivity on the way to hydrocarbons, weak water, gas shift reaction action, and strong regenerability.

Petrochemicals led the hydrodesulfurization catalyst market, based on end user. Hydrodesulfurization is usually used in the petroleum sector to lower the number of sulfur in crude oil. 

Furthermore, the petrochemicals sector is mounting because of the increasing global demand for products for example fertilizers, plastics, and chemicals resultant from petroleum. This development is powered by industrialization, population development and tech progression.

Furthermore, the application of rules by governments to guard the environment by adapting the sulfur content in gasoline, diesel, natural gas, and kerosene drives the industry.

 It is because of the increasing level of air pollution from combustion vehicles all over the world, the demand for hydrodesulfurization catalyst is on the rise. This trend will continue to grow in the years to come as well.

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North American Region is the Leader of the Remote Power Panel Market

The remote power panel market made about USD 1,248.2 million in 2023, and it will power at a rate of 5% by the end of this decade, touching USD 1,734.7 million by 2030. 

This is credited to the snowballing count of data centers and corporate offices with the increasing level of development at a global level. Remote power panels are used in data centers because they offer local power straight to server racks, with additional control.

These power panels are vital for industrial automation as they provide improved control over the production machinery, therefore letting manufacturers to define, establish, and meet the objectives of production.

The wall-mounted category also makes substantial revenue. This is because these alternatives are small and therefore, take a smaller amount space and are extensively used in network cabinets. Furthermore, their lower cost than further alternatives make them prevalent across industries.

Server rooms also has a considerable share as these spaces offer a central point for establishments for managing their network server resources. Remote power panels offer power distribution extensions from the electricity source straight to server racks, with quite a lot of benefits, such as a high distribution capacity and decreased cooling need. 

Fundamentally, the rising internet use is powering the count of servers, which, is pushing the necessity for efficient distribution of electricity in server rooms.

North America has the largest share in the remote power panel market, and it will power at a rate of 5.2% in the years to come. This has a lot to do with the growing use of data centers and IoT technologies, rising IT & telecom sector, and existence of key cloud service providers. Furthermore, North America is a tech advanced region with a robust industrial base and consequently, has a numerous colocation amenities and data center clusters providing related services.

It is because of the rising number of data centers all over the world, the demand for remote power panels is on the rise. This trend will continue in the years to come as well.

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Rising Number of Smart Cities Boosts APAC Solar Street Lighting Market

 The APAC solar street lighting market was USD 2,315.9 million in 2023, which will rise to USD 6,691.2 million, advancing at a 16.4% CAGR, by 2030.

The growth is mainly because of the reducing costs of such solutions, the growing count of smart cities, and the increasing urbanization in emerging economies.

The centralized category, on the basis of structure type, led the industry. This can be because of the increasing on-grid based solar streetlight disposition that gets a constant electric source from a grid to fuel lights at a great illumination.

The standalone category, on the other hand, will advance at the highest rate, of 16.6%, in the coming years. Companies in this sector have been working on heat-resistant, off-grid standalone lighting solutions, which have resulted in the enhancement of the function of these lighting types, making them more accessible.

The solar panel category, based on component, was the largest contributor to the APAC solar street lighting market in 2023, with a 35% share. This can be because it is essential for the operation of entire street lighting via renewable energy. 

The new category, based on installation, will advance at the fastest rate, of 16.8%, in the years to come. This will be because of the rising government initiatives for LED light installation in this region, particularly in China and India.

The highways & roadways category, on the basis of application, led the industry in 2023, with a 25% share. This can be mainly because of the rising government emphasis on developing high-class infrastructure and the increasing placement of outdoor lighting on roadways and highways.

China led the industry, and it is likely to advance at a 17.0% compound annual growth rate, in the coming years. This can be mainly because of the continuing building of several highways, streets, flyovers, and airports; and the increasing urbanization.

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APAC Has Significant Position in Semiconductor Chemicals Market

The size of the semiconductor chemicals market was about USD 12.5 billion in 2023, and it will power at a growth rate of 12.5% by the end of this decade, to touch a total value of USD 28.3 billion by 2030. 

Furthermore, the progressing semiconductor technologies, for example complex designs, and the evolution to smaller nodes require the expansion of new chemicals, for meeting the needs for miniaturization, competence, and performance.

The rising requirement for cutting-edge technologies and products, such as 5G, autonomous automobiles, and AI, has formed a high demand for semiconductor components that can endure high temperatures and other extreme conditions.

APAC semiconductor chemicals market has a substantial position, and it will reach a value of over USD 6 billion by 2030. This is credited to the mounting automotive sector and the increasing production of semiconductors. 

The requirement for semiconductors is one of the biggest trends, and because of it, the industry is rising at a substantial rate. This is because of their vital role of powering electronic appliances, for example smartphones, tablets, and laptops. Consequently, this trend is shaping the requirement for supreme chemicals that allow higher accuracy in the wafer fabrication process, augmented production, and cost-efficiency.

 Due to the growing use of electronic devices all over the world, the demand for semiconductor chemicals is on the rise. This trend will continue in the years to come as well.

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Synthetic Fuels Market was Led by the APAC Region

The synthetic fuels market size was USD 48.6 billion in 2023. Further, by the end of this decade, it will power at a compound annual growth rate of 5.6%, to touch a value of USD 70.6 billion by 2030.

The transportation category, has 40% share in 2023. The use of EVs is snowballing rapidly at the global level, but the transportation sector still hinges on heavily on fossil fuels. Moreover, ICEs provide added advantages in heavy automobiles and sports cars, or even in remote areas, where the supply of power is insufficient.

The industrial category also has a substantial share in the industry. According to reports, the CO2 emissions of the industrial sector in 2022 were 9 Gt, where electricity and heat generation contributed 15.83 billion tonnes of emissions. This is for the reason that fossil fuels have wide use in industries as energy sources and raw-materials.

Likewise, natural gas is used throughout the manufacturing of dyes, fertilizers and plastics, along with in glass foundries and aluminum smelters, both as a natural resource and energy source.

The APAC synthetic fuels market is the leader of the pack, with a share, of about 50%, in 2023. Asia has numerous emerging economies, most of which are also highly contaminated. To advance the air quality, these nations are working tirelessly to decrease GHG emissions, by introducing guidelines for industries and at the individual level. Moreover, governments are taking measures to organize actions to manufacture 2G ethanol at scale.

 It is because of the active participation of private players in research and development, and the growing number of initiatives of the government all over the world, the demand for synthetic fuels will keep on increasing in the years to come.

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Glass Bonding Adhesives Market Will Reach USD 6,857.8 Million By 2030

The value of the glass bonding adhesives market stood at USD 3,891.3 million in 2023, and this number is projected to reach USD 6,857.8 million by 2030, advancing at a CAGR of 8.7% during the projection period. 

The development of the industry can be mainly credited to the fact that with the utilization of such agents, the glass remains smooth, as there will be no noticeable screws, protruding nuts and bolts. Furthermore, such materials offer shield against corrosion and own brilliant cohesive strength. 

Basically, the rising construction activities throughout the globe are projected to drive the industry. This is credited to the needed characteristics of such materials such as chemical inertness, rigidity, non-yellowing nature, and resilient against moisture.

The UV-cured type grips the major share, of approximately 30%, credited to its elasticity and high tensile forte. Furthermore, such variants are robust, optically clear, fast-curing resilient to changing weather situations, and simple to use, and they also have lesser processing expanse.

The automotive and transportation sector is the largest end user, as adhesives are being utilized to link light in weight materials, for reducing damaging releases by decreasing the weight of the vehicle. It has been estimated that more than 2 million quadricycles, threewheelers, passenger vehicles and two-wheelers were made in India in March 2023 alone. The need for vehicles is growing due to the existence of a huge youth populace, coupled with the middle-class’s increasing income.

The APAC region is dominating the glass bonding adhesives industry, and the region is projected to hold the dominant position during the projection period with a value of USD 3 billion. This can be credited to the quick urbanization, rising healthcare industry, and increasing expenditure in the construction sector.

In APAC, China grips the dominant position, and it will advance at a CAGR of 9% during the projected period. This is can be credited to the rising construction activities and growing sales of vehicles. Additionally, in Indonesia, China, India, and Thailand, the growth of automobiles entails lower spending. Armed with the financial backing of the government, this reason continues to fuel the regional automotive sector.

This market is being driven by the increased application of glass bonding adhesives in electronic devices such as cell phones. The demand for glass bond adhesives is being driven by an increase in the use of smartphones, computers, Digital Cameras and other consumer electronics.

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Polymeric Category Had the Major Share in the Nanofiltration Membrane Market

The size of the nanofiltration membrane market was USD 998.9 million in 2023, and it will grow at a compound annual growth rate of 11% by the end of this decade, to touch a total value of USD 2,051.7 million by 2030. 

The polymeric category held the major share, of 40%, because of the use of these variants in the sterilization and water softening. The polymeric type functions at low pressures, for offering extremely effective filtration, because of which it can be used in treating wastewater. 

Due to the growing requirement for freshwater safe for human consumption all over the world, the requirement for more than a few filtration methods has risen substantially. Regarding this, the fast urbanization, growing populace, and swift industrialization support in the category progression.

The hybrid category is also observing a considerable growth in the nanofiltration membrane market, credited to the low hydraulic pressure, quick flux recovery post cleaning, and less flux decline, which is resulted by membrane fouling. Also, the category is on the rise owing to the higher penetrability and the disregard of the necessity for pretreatment and chemical-based cleaning related to these variants.

These membranes offer a higher filtration rate and work at low pressures. Also, they make use of less energy as opposed to an RO system, since the former offers a higher flux.

It is assessed that in 2020, about 45% of the wastewater produced in households was discharged deprived of safe treatment. For treating it by removing pollutants, for example organic substances, heavy metals, and ions; and decolorizing and softening it cost-efficiently, nanofiltration membranes are employed in high numbers.

Governments at a global level have implemented quite a few rules and guidelines and taken more than a few initiatives to create consciousness among people of the costs of the pollution and depletion of freshwater on earth.

 It is because of the rapid urbanization all over the world and growing pharma sector, the demand for nanofiltration membrane is rising considerably. What’s more, the trend will also continue in the years to come.

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APAC Is Dominating the hydrogen Generation Market

The world market for hydrogen generation is estimated to be worth USD 169.3 million by 2023 and will grow at 9.4% per annum between 2024 and 2030 with an expected value of 315.3 million USD by 2030.

This development of the market can be credited to the growing need for this gas for fuel-cell electric vehicles, aircraft, and rockets. These days, the acceptance of hydrogen is growing in new applications, like heavy-duty EV trucks in China, the steel sector, commercial airplanes and their auxiliary power units, and hydrogen trains, which are in progress in Germany.

During the projection period, transportation is projected to be the fastest-advancing category, at a CAGR of 10.0%. The growing emphasis on decreasing carbon emissions from the transport industry is the major propelling reason for the increasing demand for this clean fuel. 

For example, NewHydrogen has made a generator that utilizes renewable power and water to produce low-cost green hydrogen. Similarly, North Carolina State University has made a new method for extracting hydrogen gas from liquid carriers, which is quicker, less expensive, and more effective than the previous methods.

In 2023, the APAC region is expected to be the world's largest market with USD 0.09 billion in revenue; it will continue to grow at a double-digit rate until 2030. Increasing use of FCEVs, consistent with a growing emphasis on hydrogen as an economic method and increased H2 production, are key factors that have boosted the growth in the market for hydrogen generation in this region. There are more than 100 oil refineries in the Asia Pacific region.

The need for H2 in North America is projected to advance at a substantial rate, because of the increasing need for it for petroleum refining. Moreover, the money for hydrogen research and development rose by over 30% in 2021 compared to 2020, and there are more than 130 refineries in the U.S.

Hence, the hydrogen generation industry is propelled by the growing focus on cleaner fuels for producing heat and electricity.

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Veterinary Equipment and Disposables Market was Led by Companion Animals

The size of the veterinary equipment and disposables market was USD 2,515.9 million in 2023, and it will propel at a rate of 9.2% by the end of this decade, to touch USD 4,620.4 million by 2030.

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This has a lot to do with the increasing prevalence of zoonotic ailments, growing acceptance of companion animals, and mounting requirement for improved veterinary critical care. Cutting-edge technologies, for example wearables, can come good in tracking the pet’s health from infancy, through childhood and maturity, to old age.

Veterinarians employ wearable technologies, such as GPS systems, radiofrequency identification systems, and other sensors tracking the food intake, activity levels, and vitals, for pet monitoring.

Consumables led thew industry with a share of 60%, because of the increasing animal care spending and the snowballing count of sterilization procedures, needing high volumes of consumables.

Furthermore, they are employed for more than a few applications, such as wound management and airway management.

The rescue & resuscitation category in the equipment sub-segment will observe a significant growth in the future. This is because of the increasing frequency of cardiopulmonary arrest in dogs and cats, which requires fast patient valuation and an instant CPR administration.

Companion animals led the veterinary equipment and disposables market, because of the growth in their populace and surge in the emphasis on their care. As per the American Veterinary Medical Association, the count of both cats and dogs in households has gone up considerably.

Additionally, animal shelters are a vital source for new pet attainments, accounting for 38% of dogs and 40% of cats adopted in 2021.

Also, as per the NAPHIA, the demand for pet insurance in recent times has resulted from the increase in the adoption of numerous companion animals.

Veterinary clinics make the most use of veterinary equipment and disposables, because of the availability of numerous treatment options available. Animal welfare organizations have delivered guidelines to guarantee the standards to be employed in such places, which has increased the footfall here.

Also, across developed countries, the progress in this category is also because of the presence of more than a few vet clinics, performing an increasing count of surgeries.

APAC will have a significant growth in the future because of the increasing pet adoption rate, growing cattle population, fast urbanization, growing consciousness of animal health, and rising per capita animal health expenditure. 

Japan and China will showcase a considerable growth, because of the growing count of veterinary clinics and hospitals. Furthermore, the increasing research and development investments by the major players for the expansion of value-added products will power the regional industry.

The growing prevalence of zoonotic diseases has a lot to do with the mounting demand for veterinary equipment and disposables all over the world. The demand will continue to rise in the years to come as well.

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The APAC Region is the Leader of the Software-Defined Vehicle Market

The software-defined vehicle market had a value of USD 268.8 billion in 2023, and it will power at a rate of 9% by the end of this decade, to touch USD 489.7 billion by 2030. 

The development of the industry has a lot to do with the need for a decrease in the accident count all over the world and the compensations these vehicles offer for the old people and the ones with disabilities. 

On the basis of autonomy, level 3 will be the fastest growing, as these autonomous vehicles can detect the atmosphere and make informed choices for themselves. These results comprise upholding the perfect speed according to the traffic and weather conditions. It is considered a conditionally automated level, where the driver can handle the vehicle themselves in numerous situations. 

In January 2023, Mercedes-Benz publicized the receipt of the consent of the U.S. government for level 3 driving features.

The level 1 category is also rising, as this software supports the driver with steering and cruise control. Without much interference by the driver, a safe distance amid vehicles is kept. This automation also aids drivers with braking, steering, and acceleration throughout driving. L1 features comprise lane departure warning, tire pressure monitoring, adaptive front lights, and numerous more.

The requirement for EVs is rising owing to their lower running cost and no need for fuel, which removes the emission of injurious gases. Moreover, all key automotive OEMs are growing their emphasis on EVs to meet the rising requirement. For example, Tata Motors will launch several new EVs, for example Punch EV, Harrier EV, and Nexon EV, in 2023.

The consciousness is snowballing amongst individuals concerning the harmful effects of gasoline and diesel combustion, driving the requirement for environment-friendly transportation solutions. Furthermore, EV sales are snowballing with the setting up of charging stations at a global level. By 2030, 30% of the vehicles in India would be electric.

APAC software-defined vehicle market is in the leading position, and this trend will continue in the years to come as well, accounting for USD 147.8 billion by 2030. The development has a lot to do with the rising in the emphasis on safety and decreasing the count of accidents.

 It is because of the development of autonomous vehicles all over the world, the demand for software-defined vehicles will continue to grow in the years to come as well.

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Blowing Away Limits: The Marvels of Cable Blowing Equipment

 In the era of network infrastructure and telecommunications, where speed and efficacy are most important, one unsung hero stands out – Cable Blowing Equipment. Commonly goes unnoticed but vital, such devices play an important role in the continuous transmission of info through fiber optic cables.

The cable-blowing equipment market size stood at USD 110.4 million in 2023, and it is expected to grow at a compound annual growth rate of 4.6% during 2024–2030, to reach USD 150.3 million by 2030.

The Marvelous Mechanics:

Imagine running a flexible fiber optic cable through a pipeline, making sure it reaches its destination intact. This is where wireless devices come into play with their clever design. Including a powerful compressor, cable pushers, and a range of nozzles, these machines harness the energy of compressed air to gently move cable through incredible paths

Speed and Precision:

One of the standout capabilities of Cable Blowing Equipment is its capability to paint swiftly without compromising accuracy. The excessive space propulsion ensures efficient cable installation, saving both time and resources. Whether it is a complex urban network or a rural panorama, these devices adapt to diverse environments, making them vital devices for community growth.

Versatility in Action:

Cable blowing is not confined to a single kind of cable. These flexible machines accommodate various cable diameters, making them suitable for a wide range of programs. Whether it is deploying cables for the high-speed net, telecommunications, or maybe energy distribution, cable-blowing equipment proves its mettle in various eventualities.

The Green Side of Technology:

In a technology wherein sustainability is paramount, Cable Blowing Equipment shines as an environmentally pleasant alternative. With minimum disruption to present landscapes and decreased reliance on heavy machinery, these devices make a contribution to a cleaner and greener technique for infrastructure development.

The Unsung Heroes:

Despite their essential position, Cable Blowing Equipment often operates backstage, hidden from the limelight. Yet, it is these unsung heroes that permit the speedy growth of our interconnected world. As we binge-watch our favorite shows, video-name cherished ones, or work remotely, allows take a moment to understand the silent revolution going on below our feet – the installation of fiber optic cables with the assistance of cable-blowing equipment.

Conclusion:

In the ever-evolving landscape of technology, Cable Blowing Equipment remains a vital player in ensuring our digital highways are efficient, fast, and reliable. As we continue to embrace the digital age, let's not forget the silent workhorses that make it all possible – the cable-blowing marvels that connect us all.

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Molten Salt Batteries Market Will Reach USD 11,543.2 Million by 2030

The molten salt batteries market is projected to witness significant growth, with an estimated size of USD 2,461.1 million in 2023. Anticipated to experience a remarkable CAGR of 24.9% from 2024 to 2030, the market is forecasted to reach a substantial value of USD 11,543.2 million by the end of 2030.

The development of the market can be mainly credited to the growing need for storing energy efficiently, specifically that produced by renewable sources. Such batteries provide a huge count of advantages, which comprise improved safety, advanced energy densities, and lengthier lives.

Liquid-metal batteries dominate the market with a 30% share, primarily due to their suitability for grid-level energy storage and high scalability. These batteries can be expanded in size without compromising efficiency, and their safety profile is enhanced, minimizing the risk of thermal explosions resulting from internal chemical reactions.

Additionally, the use of cost-effective materials contributes to lower manufacturing and purchase costs. Other advantages include a low self-discharge rate and an extended cycle life.

In recent years, the North American region dominated the industry, and the region is also projected to continue with the dominance during the projection period, with a value of approximately USD 5.2 billion.

The primary beneficiaries of molten salt thermal energy storage are power plants, constituting a significant 40% of end users. This dominance can be attributed to the escalating number of solar power plant initiatives, supported by increased funding in the energy sector.

Projections from the International Energy Agency (IEA) indicate a substantial surge of over 60% in global renewable electricity capacity, surpassing 4,800 GW by 2026 compared to 2020 levels. As the production of renewable energy continues to climb, there is a corresponding upswing in demand for molten salt thermal energy storage across various applications such as concentrating solar power (CSP) plants and heat transfer fluid systems.

Hence, the market for molten salt batteries is driven by their numerous advantages and widening application area.

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Digital Identity Solutions Industry is Led by North America

The digital identity solutions market revenue was USD 33,874.9 million in 2023, which will touch USD 117,416.1 million, with a 19.6% CAGR, by 2030.

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The progression in this industry is because of the surging number of fraudulent activities and cybercrime in the banking and healthcare sectors. Also, there has been a significant advancement in ID wallet solutions, which give attackers more info to steal or attack.

Therefore, actions are being taken to incorporate blockchain, AI, and ML into digital identity solutions, to improve user security.

The biometric category, based on identity type, is leading the industry, with a 65% share, and it will remain leading in the coming years. This will be because of the significant security offered by the biometric parameters to users. 

Generally, passwords were employed extensively for identity verification, however, they are more likely to be shared, hacked, or forgotten.

The retail and e-commerce category, based on vertical, will propel at the fastest rate in the years to come. This is mainly because of the increasing count of cyber threats as well as the rising acceptance of online transactions.

North America is leading the industry, with approximately 40% share, and it will remain leading throughout this decade. This continent is home to numerous key companies, which strongly focus on innovation, to meet the surging need for advanced as well as highly protected digital identity solutions.

With the increasing incidence of cybercrimes & frauds, the digital identity solutions industry will grow continuously in the coming years.

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Asian Green Technology and Sustainability Market Is Driven by Accelerating GHG Emissions

The market size of the Asian green technology and sustainability is estimated to reach USD 5,816.3 million by 2023, with an annual growth rate of 11.1% over the period between 2023 and 2030, resulting in a total value of USD 12,072.6 million by 2030.

To learn more about this report: https://bit.ly/48stRYT

The region is fortified with a robust manufacturing base, which is why it is observing the fast acceptance of IoT in different verticals, which is primarily boosting the demand for green tech solutions and services.

In 2023, the IoT category dominated the industry with a market share of 42.6%, and the category is also projected to experience the fastest growth during the projection period, credited to the advantage of this technology in terms of item sustainability and ecological manufacturing.

The development in the demand for IoT devices is credited to the improvements in IoT sensor techs, wireless connectivity, and sustainable results, which are inspiring a huge count of companies to embrace the digital revolution. With IoT solutions, businesses are turning toward more energy-efficient practices and establishing operational procedures in a way that decreases waste. Businesses are using IoT for sustainability in 7 different ways— air pollution monitoring, smart energy management, fleet management, smart waste management, smart farming, smart water management, and cold chain monitoring.

Carbon dioxide concentrations in the atmosphere are increasing primarily by man and industry, for example through the burning of coal, oil, or gas as well as deforestation. In response to rapid economic growth and energy usage, carbon emissions in Asia, especially China, have been rising sharply over the past few years. Between all the release sources, coal is responsible for over 60% (7.96 billion tons) of the releases from industries in the nation in 2021.

In 2023, the green buildings category had the largest share, of approximately 40.4%. With the increasing industrialization and commercialization across Asian nations, the construction of buildings has been increasing, in order to fulfill the space needs of businesses and residents.

As a significance of the resulting surge in energy generation, carbon emissions are growing at an alarming rate. Thus, to cope with the increasing energy needs without damaging the environment, the addition of green technologies in buildings has been on the surge. Green buildings are vital in justifying the negative externalities related to construction activities. 

From the viewpoint of decreasing GHG emissions and power use, green buildings have substantial contributions, because of their usage of recyclable materials, renewable energy, and low-carbon components and maintainable operation and maintenance patterns.

Hence, the Asia green technology and sustainability industry is driven by the alarming rate of GHG emissions and rising energy demand.

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Particulate Matter Monitoring Industry is Powered by the Increasing Air Pollution

The total size of the particulate matter monitoring market is about USD 1,434.5 million in 2023, and it will power at a rate of 11% by the end of this decade, to touch USD 2,969.3 million by 2030. The evolution has a lot to do with the growing air pollution and mounting consciousness amongst people concerning the advantages of good air quality.

Moreover, the strict government guidelines to decrease emissions in view of the speedy urbanization and industrialization will power the growth of the industry.

Based on the end use, power generation led the industry with a share of 30%. Throughout the electricity generation, large quantities of pollutants are produced into the atmosphere. The waste produced from municipalities and industrial sectors, biomass, and fossil fuels, as well as petroleum, coal, and natural gas, are used for about 60% of the power generated at a global level.  

For decreasing the pollution caused by thermal power plants, it is essential to install these kinds of systems for monitoring the levels of PM and further pollutants in the exhaust, before it is out into the air.

The light scattering technology led the particulate matter monitoring market, with a share of 35%, credited to the stringent environmental guidelines and the enhanced accuracy with which particulate matter releases can be monitored by it. The light scattering has a greater magnitude, generally at the forward angles of scattering, as opposed to back scattering angles, accompanied by the small size of angles and higher mass sensitivity.

The use of the beta attenuation tech is also rising quickly as it does the absorption of beta radiation by solid particles removed from the air. The tech aids in the discovery of the levels of PM10, and PM2.5 which most of the regulatory agencies at a global level monitor.

North America is the leader of the industry, and it will hold the same position by the end of this decade, with a value of USD 1.4 billion. The evolution has a lot to do with the growing level of level of environmental contaminants and the strict regulations to tackle this problem.

The U.S. has the major share in North America, and it will power at a rate of 11.3% by the end of this decade. This is because of the existence of key players and the increasing awareness of people regarding safe air. Moreover, the rising pace of tech progressions in these systems is helping in the revenue generation.

The rising air pollution all over the world has a lot to do with the growing requirement for particulate matter monitoring solutions. This trend will continue in the years to come as well. 

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Increasing Funding in Utilities Sector Boosts Superconducting Magnetic Energy Storage Market

The superconducting magnetic energy storage market was USD 57.2 billion in 2023, which will increase to USD 100.1 billion, with an 8.4% CAGR, by 2030.

Additional factors that would result in industry expansion include the improved performance of these systems over primitive technologies like high efficiency, better life cycle, fast response, low maintenance, and high-power density.

Transportation sector electrification is also a key factor that assists the industry’s expansion. Governments are offering subsidies to decrease the adverse effects of fossil-fuel-driven automobiles on the environment, which is boosting the move toward EVs. Furthermore, people are gradually realizing the importance of keeping the environment clean and green.

Moreover, this category will remain the largest throughout this decade. This can be mainly because this technology is functionally safer than high-temperature SMES. Moreover, it provides a high-power density, which suggests that it can gather more power in a compact area.

North America led the industry in 2023, with a 50% share, because of the mounting energy utility network. The increase over the years is because of high wind, hydroelectricity production, and solar. Moreover, in the U.S., research & development is being commenced to enhance SMES systems, to meet the mounting electricity needs, incorporate renewable power sources, and stabilize the grid. 

With the rise in investments in the utilities sector, the superconducting magnetic energy storage industry will continuously grow in the coming years.

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Gravity Energy Storage Market is Booming Due to Rising Adoption of EVs

The gravity energy storage market will generate USD 217.8 million by the end of 2023, which will power at a considerable rate of 77.9% in the years to come, touching USD 12,231.5 million by 2030. This will be because of the robust emphasis on renewable energy resources, acceptance of EVs require grid stability, and surge in the electricity cost.

The pumped hydro storage category will grow at a rate of 77.7% by the end of this decade. This method is favored attributable to its competence to store and release a huge quantity of power efficiently. 

These systems are extremely effective at balancing the electricity grid by offering fast responses when there is an increase in the demand for power. It is a proven and well-recognized tech for significant energy stowage and electricity generation. Hence, its competence, dependability, and lengthy operational history have made it a prevalent choice for the generation.

North America is the leader of the gravity energy storage market, followed by Europe and APAC, because of the beginning of more than a few gravity energy storage projects, tech readiness, high requirement, and supportive policies. Moreover, the acceptance of these methods is increasing because of a surge in the count of EVs and rise in the consciousness of the paybacks of renewable sources of energy.

It is because of the rise in adoption of electric vehicles al over the world, the demand for gravity energy storage solutions is on the rise. This trend will continue in the years to come as well.

The research offers the size of the gravity energy storage market for the period 2017–2030.

Market Segmentation by Type

• Hydroelectric Dams
• Pumped Hydro Storage
• Others

Market Segmentation by Application

• Electricity Generation
• Grid Stabilization
• Others

Market Segmentation by End Use

• Residential
• Commercial
• Industrial
• Utilities

Market Segmentation by Region

• North America Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – U.S. and Canada
• Europe Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Germany, U.K., France, Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Japan, China, India, South Korea, Australia, and Rest of APAC
• Latin America (LATAM) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA

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All You Need to Know About Polymethyl Methacrylate

Polymethyl methacrylate is common for manufacturing plastic all over the globe.  It has a lot to do with its high transparency. 

The characteristics of PMMA are notable for the people, it is an extremely translucent, material offering high impact and ecological resistance, making it an outstanding substitute for glass in uses where shatter resistance is a favored trait. This is majorly used in windscreens, architectural applications, aquarium windows, electronics, and even medical implants.

Because of more than a few uses for PMMA, it is significant for product teams to fully comprehend the main features of this material to leverage its benefits.

Defining Polymethyl Methacrylate Acrylic?

PMMA is formed with the help of polymerization, which includes placing the methyl methacrylate monomers into a mold with a catalyzing agent. This lets PMMA to be formed into  more than a few shapes, ranging from large sheets and blocks to small pellets and granules.

 What are the Various Advantages?

A key advantage of PMMA is the scratch resistance. It is suitable to optical lenses and devices, as the material will splinter, shatter, or cause harm to skin or eyes if the lens break. Parts which are made from PC, in contrast, are more prone to scratching the longer they are put to use.

PMMA is additionally brittle than PC, as it remains stiff and cracks when impacted. While PMMA does offer some shatter resistance, PC can offer much better impact strength, and in some applications, these 2 qualities can be used. Display windows, might be crafted from an outer layer of scratch- and shatter-resistant PMMA and an innermost layer of a highly impact-resistant material like PC.

What is Polymethyl Methacrylate Resin

PMMA also offers a profitable alternative to PC when a given use would benefit from superior tensile strength, light transmissibility, surface polishability, and UV resistance. PC is a more expensive to manufacture with and is better suitable for applications that entail high impact strength and heat and chemical resistance.

PMMA is an extremely versatile thermoplastic resin renowned for being robust, lightweight, and cost-effective substitute for more than a few applications where glass may or else be used. Though, this weather-resistant material also occurs to be biocompatible, which is leading to its usage in a lot of medical devices as well. There is a plethora of reasons one may want to consider with the use of PMMA for your product, but eventually, it is up to a person to regulate which materials are best suitable for your parts, preferably with the help of a reliable manufacturing partner.

Coming to a Concrete Conclusion

It is because of the growing automotive industry with rising use of electric vehicles all over the world, and the growing demand for injection-molded plastics in the health care sector, the demand for polymethyl methacrylate is on the rise. The total demand for this will reach a value of USD 8,946.1 million by the end of this decade.

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