Critical Power and Cooling Solutions Market will Reach USD 56.0 Billion By 2030

The market size for critical power and cooling solutions was valued at USD 25.5 billion in 2023, with projections to reach USD 56.0 billion by 2030, exhibiting a growth rate of 12.1% during the period from 2024 to 2030. This is mainly due to the growth of edge computing, the rising requirement for data centers, smart manufacturing and industrial automation, and the stress on power efficiency.

Following in the footsteps of edge computing the deployment is increasing and data process now runs close to the source point for processing. The microgrids containing these facilities need a dependable power plant and cooling system incorporated and thus gives rise to innovative solutions. Such as, the agreement by Verizon and AWS in May 2022 to expand the edge computing in 19 metropolitan areas in the U.S. 

A notable trend influencing the sector is the emergence of products that can be customized on demand or can be scaled up as needed. Vendors understand that electricity needs, as well as priorities of employees in critical facilities, are changing, developing efficient products which allow for scalability and shifting priorities. 

Furthermore, smart grid technologies or integration where power and cooling are linked real time power usage can observed and improved. This promotes the creation of a stronger and more intuitive ecosystem.

North America is the major contributor to the market. This can be credited to tech growths, adherence to standards, digitalization, and a robust requirement for reliable power infrastructure. 

North America hosts a huge count of data centers thanks to the fiery growth in the need for cloud computing, big data, and digital services. With the constant development of data centers, dependable critical power and cooling systems are vital to uphold seamless operations.

Furthermore, the region has experienced fast development in edge computing, with the setting up of edge data centers to inferior latency and help real-time applications. Such edge services need the use of specific critical power and cooling infrastructure.

Read More

Graphene Coating Market Will Advance at a 29.0% CAGR

The graphene coating market was USD 166.6 million in 2023, and it will increase to USD 979.1 million, with a 29.0% compound annual growth rate, by 2030.

This growth can be ascribed to the rising need for high-performance coatings as well as innovative manufacturing methods. Furthermore, these materials are strong and possess the possibility to decrease maintenance requirements, which complies with the increasing focus on sustainability.

The corrosion resistance category, on the basis of application, is likely to advance at the highest compound annual growth rate, of 30%, in the years to come. Surfaces coated with graphene-containing materials are stronger and last longer, as this allotrope of carbon defends against corrosion. 

Automotive, oil & gas, marine, manufacturing, and infrastructure sectors strongly depend on corrosion-resistant coatings to protect their assets. The requirement for more efficient anti-corrosion products has improved owing to the rising emphasis on enhancing the beneficial lives of equipment and structures. 

The medical devices category, on the basis of end user, will advance at the fastest compound annual growth rate, of 28%, in the years to come. The biocompatibility of graphene’s makes them suitable for biomedical applications, such as tissue designing, drug delivery systems, clinical inserts, and biosensors. 

On the other hand, the automotive category was the largest contributor to the graphene coating market in 2023, with a 45% share. This can be mainly attributed to the fact that graphene coatings are extensively employed in various automotive components since they help in improving strength as well as overall effectiveness. 

Moreover, their robust protection from corrosion makes them ideal for protecting auto components from damage or rust caused by exposure to severe environments or road conditions.

APAC is likely to advance at the fastest compound annual growth rate, of 32%, in the years to come. This can be because of the constantly surging populace in this region. The economic development in this region increases the attention to these materials across different businesses, such as automotive, aerospace, electronics, marine, construction, and medical.

In addition, the government backing as well as the dynamic consumer base for different sectors are further assisting the growth of the regional industry.

On the other hand, North America was the second-largest contributor to the industry in 2023, with a 25% share. This can be primarily because of the rising need in from energy and aerospace sectors, coupled with the high requirements for lightweight, strong, environment-friendly, and efficient products.

It is because of the surge in the need for high-performance coatings, coupled with enhanced manufacturing techniques, the graphene coating industry will continue to grow significantly in the years to come.

Read More

Polymeric Adsorbents Market Will Grow the Fastest in the Aromatic Category

The size of the polymeric adsorbents market was USD 140.5 million in 2023, which will power at a rate of 5.8% by the end of this decade, reaching USD 205.5 million by 2030. The usage of this material is quickly increasing in the pharma, chemical, and F&B industries. 

Moreover, the implementation of strict regulations by governments for water treatment powers the use of these chemicals. In these sectors, synthetic materials help adsorb a number of compounds.

On the basis of type, the aromatic category will have the fastest growth, with a rate of 7% in the years to come. These polymers are characterized by crosslinked polystyrene matrices and particularly designed for absorbing ions, molecules, and further substances from gases and liquids. 

Also, modified aromatic adsorbents, particularly those with brominated aromatic matrices, are extensively used for removing certain pollutants like heavy metals. Methacrylic adsorbents such as methacrylic ester copolymers, are put to use in the biotech and phama industries.

On the basis of application, the chlorinated solvent removal category led the polymeric adsorbents market, with a share of 40% in 2023, and it will also have the fastest growth in the years to come. Usually, polymer adsorbents are put to use as cleaning solutions for pesticides, metals, glues, pesticides, paint thinners, resins, and many more agents. 

For instance, Macronet resins are hemocompatible and size-selective, with a pore structure excluding molecules larger than 50 kDa. The pore system of Macronet resins, alternatively, allows efficient adsorption and desorption of molecules, which are smaller than 35 kDa.

APAC led the industry, with a share of 40%, in 2023, and it will also have the fastest growth in the years to come. This is majorly because of the growing industrialization and rising F&B sector. Regarding this, the fast urbanization and changing lifestyles are responsible for the growth of the sector.

It is because of the growth in end-use industries, the demand for polymeric adsorbents is on the rise. This trend will continue in the years to come as well.

Read More

Feeding Formulas Market Will Reach USD 10,963.7 Million By 2030

The global enteral feeding formulas market, valued at USD 5,781.8 million in 2023, is projected to reach USD 10,963.7 million by 2030, with an anticipated growth rate of 9.7% during 2024–2030. This growth of the market can be credited to the surge in the elderly populace and the surge in the occurrence of chronic illnesses, such as diabetes, cancer, neurological diseases, and gastrointestinal diseases.

Another reason that is propelling the development of the industry is the high occurrence of malnutrition or shortages in nutrient consumption. Patients who are undernourished or who are in danger of malnutrition can fulfill their need for nutrition by taking enteral feeding formulas mainly because they comprise all the vital nutrients, like calories, vitamins, and protein needed for everyday activities. As per the WHO, around 45% of the demises among kids below 5 years of age are linked to undernutrition. They typically happen in middle-income nations.

In 2023, standard formulas had the largest share of 35% and they are projected to lead the product segment during the projection period. This can be credited to the fact that this formula is made for grownups or kids who have normal digestion. Additionally, standard formulas can be utilized for both enteral feeding and as an oral supplement. Furthermore, standard formulas are lucrative easily obtainable, and can be utilized in hospital and homecare settings.

In 2023, gastrointestinal diseases held the highest feeding formulas industry income, of approximately USD 1.5 billion, and it is projected to lead the application segment during the projection period. This is because of the growing occurrence of gastrointestinal illnesses, which affect the GI tract from the buccal cavity to the anus. Some instances are lactose, nausea, food poisoning, and diarrhea.

During the projection period, North America is projected to continue dominating the industry with a share of approximately 55%. This is mainly because of the standardized and favorable FDA rules for these products in the U.S. The U.S. FDA has announced it would permit makers of infant formula products to use implementation discretion to surge the supply of pediatric formula throughout the nation.       

Read More

Cross Laminated Timber Market Will Reach USD 3,783.7 Million By 2030

In 2023, the revenue from the cross-laminated timber market totaled USD 1,376.9 million, with a projected compound annual growth rate (CAGR) of 15.8% through the forecast period. This growth is anticipated to propel the market to reach USD 3,783.7 million by 2030.

This is mainly because of its advanced flexibility in design and technique with quicker execution, furthermore, economic development in emerging economies, increasing expenditure in infrastructure, rigid ecological guidelines, rising buying power, and growing need for ecologically friendly and green materials are propelling the industry development.

Increasing demand has led to an expansion in production capacity, highlighting the significance of investment as a crucial aspect of the value chain. Consequently, the quantity of production needs to be understood in terms of both machinery and workforce. 

On the basis of applications, the non-structural category is projected to experience the fastest development, over 15% CAGR during the projection period in the industry. This can be credited to the developing residential sector. Furthermore, cross-laminated timber panels can be used in the construction of wall, floor, and roof applications that are both load-bearing and non-load-bearing. The materials primarily were used to build the low and mid-rise buildings.

On the basis of industry segment, the non-residential category leads the industry with more than 80% industry share. The construction of buildings has structured the environment, which comprises the utilization of electricity and water. Cross-laminated wood is extensively utilized by businesses working in construction for non-residential areas, because of its stiffness, and mechanical and aesthetic benefits. 

On the basis of region, the European cross-laminated timber industry grips the largest revenue share. The industry is driven mainly by the smooth growth of the residential and construction sectors and the existence of major market players in the continent. Furthermore, a surge in the understanding of the usage of wooden items credited to their features like light in weight and comfort of remodeling is propelling the demand for these materials in the region.

Read More

Exploring the Potential of Pumped Hydro Storage Market

The pumped hydro storage market was USD 353.8 billion in 2023, and it will reach to USD 643.9 billion by 2030, powering at a rate of 9.2% by the end of this decade. 

The important factors powering the industry growth are growing deployment of intermittent renewable energy sources, for example solar and wind power; increasing requirement for grid stability and dependability; and stringent regulations of the government aiming to decrease the emissions of carbon. 

Apart from this, the long operational lifetimes and a moderately low environmental impact as opposed to other energy storage technologies make them a rather feasible option for power grids.

With the growing urbanization and rising global population, energy demand worldwide has grown exponentially in the recent past. As per a UN report, the population of the world in 2022 of 8 billion will reach 9.8 billion by 2050. 

Furthermore, it has a lower environmental impact, as it does not make use of water from lakes or rivers. These systems can be set up where grid support is needed; consequently, they need not be situated near a river.  

Apart from this, they are more effective, as there is no requirement to evaporate water from the lower reservoir. As per the NREL analysis, closed-loop pumped storage has the lowest Global Warming Potential.

APAC leads the pumped hydro storage market, with a share of about 45%, in 2023, credited to the snowballing installation of pumped hydro stowage capacity. 

Additionally, the fast economic growth has brought about increased consumption of energy, which PHS can help meet, along with supporting industrial expansion. This is because this stowage tech is the most-scalable sort of energy storage solution as opposed to other solutions, for example hydrogen fuel cells, battery storage, and gravity battery storage.

India has a substantial potential for pumped hydro stowage as there are more than a few locations in the country, ideal for pumped storage projects, for example lakes, river valleys, and dams. The government of India wants to install 20 GW of pumped storage capacity by the end of this decade.

 Because of the increasing demand for grid stability and reliability all over the world, the demand for pumped hydro storage is on the rise. This will continue like this in the years to come as well.

Read More

Liquid Air Energy Storage Market is Led by North America

The liquid air energy storage market was USD 1,472.9 million in 2023, and it will rise to USD 4,887.6 million, powering at an 18.8% compound annual growth rate, by 2030.

Moreover, it is a long-duration energy storage (LDES), flexible technology. It utilizes air to generate electricity; the air is kept as a liquid by cooling it down and, after, transformed to a gaseous form to boost turbines.

Compared to the present storage technologies, liquid air energy storage has numerous benefits, such as easy setup and a high energy density, and it also aids in peak shaving and load leveling. This assists in decreasing the effectiveness of power systems, reducing the peak-time load on the grid, regulating the grid frequency, and allowing effective power plant utilization.

The electricity & heat industry is the greatest emitter of greenhouse gases globally, emitting around 14.65 Gt in 2022. Governments of numerous nations have set aims to attain net-zero by 2050, for which emission cutback directives have been employed across different sectors, including manufacturing, transportation, and electricity & heat.

North America is the largest contributor to the industry. The U.S. has financed in renewable power for a substantial time and set high targets for the future. For example, according to reports, around 90 projects for energy storage have been commissioned in California.

APAC will advance significantly, with a 19.2% compound annual growth rate, during this decade. This is mainly because of the region's speedy economic development as well as industrialization.

With the surging need for power, coupled with increasing industrialization, the liquid air energy storage industry will continuously advance in the coming years.

Read More