The global LiDAR software market is growing with a CAGR of 12.9% during forecast period of 2022-2030. The rising use of drones across various application is one of the key forces which is up surging the growth in the global LiDAR market. The LIDAR UAVs and their applications are growing rapidly and it is expected to be a constant increase in the next decade.
View moreGlobal Induction motor market is estimated to grow at a CAGR of 12.9% during forecast period (2022-2030). Global Induction motor market is primarily driven by rising demand for electric vehicle, technological advancement coupled with rapid industrialization in emerging countries (China, India and others). In addition, low cost and maintenance as compared to other motors such as synchronous motors are also some of the major factors triggering the demand for induction motors.
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Bioenergy is a type of energy which is derived from various biomass sources. It is one of the most important renewable energy sources and is also a complex energy system with a multitude of variations. Biofuel can be gathered from a variety of feedstock from forests, agriculture, and some wastes sectors. Biomass can also be converted with variety of conversion techniques like thermal (combustion), thermochemical (torrefaction, gasification etc.), biochemical (anaerobic digestion, fermentation), and chemical conversion (transesterification).The global bio-fuel market is expected to grow at a CAGR of 5.2% during 2022-2030.
View moreGlobal wearable sensors market is estimated to grow at a CAGR of 33.1% during forecast period (2022-2030). The market is expecting massive rise in the demand due to advancement in healthcare industries and the miniaturization of sensors. Further, the increasing adoption of Internet of Things (IoT) and augmented reality is the major factor triggering the wearable sensors market growth.
View moreGlobal floating power plant market is expected to growat a CAGR of 10.2% during forecast period (2022-2030).The floating power plants refers to power generation units that are located on a platform afloat on a water body. These power plants act as primary power source for specific facility and may also be used as an emergency power source. Further, these power plants provide the unique benefit that they can relocated and thus are ideal for power production on an interim basis in order to alleviate local power shortages.
View moreThe global energy harvesting market is anticipated to grow with a CAGR of by 21.9% during the forecast period of 2022-2030. Energy harvesting is the process in which, naturally occurring energy sources are used and stored in the form of energy. Piezoelectric material & the thermoelectric material is the mostly used technologies for energy harvesting. There are various benefits of energy harvesting solutions.
View moreIncreasing adoption of wired to optical communication along with data acquisition, processing systems and substation control can be observed in the global grid infrastructural developments. High degree of standardization, reduction in the risk of cable engineering and electrical hazard, cost effective maintenance and reduction in power outages are some crucial benefits observed due to digitization of substations.
View moreGlobal biochar market is estimated to grow at a CAGR of 16.0 % during forecast period (2022 to 2030). Global biochar market refers to the market of a fine-grained charcoal which is obtained from biomass (plant material and agricultural waste). Biochar may be produced from various thermochemical technologies that include pyrolysis, gasification and others which involves slow burning of organic matter in a limited or no-oxygen environment.
View moreGlobal crude oil market is expected to growat a CAGR of 4.79% during forecast period of 2022-2030. Crude oil refers to mixture of hydrocarbons that exist underground geologic formations in liquid form and drilled out of earth surface in same form. Crude oil is a non-renewable source of energy obtained from drilling earth and is found alongside natural gas and saline water
View moreGlobal microgrid as a service market is expected to grow at a CAGR of 16.1% during forecast period (2022-2030). Global microgrid as a service market is primarily driven by decreasing cost of electricity for wind and solar PV systems. Thus, decreasing levelised cost of electricity generation using renewable sources of energy such as solar and wind is expected boost the adoption coupled with storage system (microgrid) for efficient storage and transmission.
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