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What would you want to tell the next U.S. president? FP asked nine thinkers from around the world to write a letter with their advice for him or her.
Dear Madam or Mr. President,
Congratulations on your election as president of the United States. You take office at a moment of enormous consequence for a world directly impacted by the twin challenges of energy security and climate change.
Democrats and Republicans disagree on many aspects of energy and climate policy. Yet your administration has the chance to chart a policy path forward that unites both parties around core areas of agreement to advance the U.S. national interest.
First, all should agree that climate change is real and worsening. The escalating threat of climate change is increasingly evident to anyone walking the streets of Phoenix in the summer, buying flood insurance in southern Florida, farming rice in Vietnam, or laboring outdoors in Pakistan. This year will almost certainly surpass 2023 as the warmest year on record.
Second, just as the energy revolution that made the United States the world’s largest oil and gas producer strengthened it economically and geopolitically, so will ensuring U.S. leadership in clean energy technologies enhance the country’s geostrategic position. In a new era of great-power competition, China’s dominance in certain clean energy technologies—such as batteries and cobalt, lithium, graphite, and other critical minerals needed for clean energy products—threatens America’s economic competitiveness and the resilience of its energy supply chains. China’s overcapacity in manufacturing relative to current and future demand undermines investments in the United States and other countries and distorts demand signals that allow the most innovative and efficient firms to compete in the global market.
Third, using less oil in our domestic economy reduces our vulnerability to global oil supply disruptions, such as conflict in the Middle East or attacks on tankers in the Red Sea. Even with the surge in U.S. oil production, the price of oil is set in the global market, so drivers feel the pain of oil price shocks regardless of how much oil the United States imports. True energy security comes from using less, not just producing more.
Fourth, energy security risks extend beyond geopolitics and require investing adequately in domestic energy supply to meet changing circumstances. Today, grid operators and regulators are increasingly warning that the antiquated U.S. electricity system, already adjusting to handle rising levels of intermittent solar and wind energy, is not prepared for growing electricity demand from electric cars, data centers, and artificial intelligence. These reliability concerns were evident when an auction this summer set a price nine times higher than last year’s to be paid by the nation’s largest grid operator to power generators that ensure power will be available when needed. A reliable and affordable power system requires investments in grids as well as diverse energy resources, from cheap but intermittent renewables to storage to on-demand power plants.
Fifth, expanding clean energy sectors in the rest of the world is in the national interest because doing so creates economic opportunities for U.S. firms, diversifies global energy supply chains away from China, and enhances U.S. soft power in rapidly growing economies. (In much the same way, the Marshall Plan not only rebuilt a war-ravaged Europe but also advanced U.S. economic interests, countered Soviet influence, and helped U.S. businesses.) Doing so is especially important in rising so-called middle powers, such as Brazil, India, or Saudi Arabia, that are intent on keeping their diplomatic options open and aligning with the United States or China as it suits them transactionally.
To prevent China from becoming a superpower in rapidly growing clean energy sectors, and thereby curbing the benefits the United States derives from being such a large oil and gas producer, your administration should increase investments in research and development for breakthrough clean energy technologies and boost domestic manufacturing of clean energy. Toward these ends, your administration should quickly finalize outstanding regulatory guidance to allow companies to access federal incentives. Your administration should also work with the other side of the aisle to provide the market with certainty that long-term tax incentives for clean energy deployment—which have bipartisan support and have already encouraged historic levels of private investment—will remain in place. Finally, your administration should work with Congress to counteract the unfair competitive advantage that nations such as China receive by manufacturing industrial products with higher greenhouse gas emissions. Such a carbon import tariff, as proposed with bipartisan support, should be paired with a domestic carbon fee to harmonize the policy with that of other nations—particularly the European Union’s planned carbon border adjustment mechanism.
Your ability to build a strong domestic industrial base in clean energy will be aided by sparking more domestic clean energy use. This is already growing quickly as market forces respond to rapidly falling costs. Increasing America’s ability to produce energy is also necessary to maintain electricity grid reliability and meet the growing needs of data centers and AI. To do so, your administration should prioritize making it easier to build energy infrastructure at scale, which today is the greatest barrier to boosting U.S. domestic energy production. On average, it takes more than a decade to build a new high-voltage transmission line in the United States, and the current backlog of renewable energy projects waiting to be connected to the power grid is twice as large as the electricity system itself. It takes almost two decades to bring a new mine online for the metals and minerals needed for clean energy products, such as lithium and copper.
The permitting reform bill recently negotiated by Sens. Joe Manchin and John Barrasso is a good place to start, but much more needs to be done to reform the nation’s permitting system—while respecting the need for sound environmental reviews and the rights of tribal communities. In addition, reforming the way utilities operate in the United States can increase the incentives that power companies have not just to build new infrastructure but to use existing infrastructure more efficiently. Such measures include deploying batteries to store renewable energy and rewiring old transmission lines with advanced conductors that can double the amount of power they move.
Grid reliability will also require more electricity from sources that are available at all times, known as firm power. Your administration should prioritize making it easier to construct power plants with advanced nuclear technology—which reduce costs, waste, and safety concerns—and to produce nuclear power plant fuel in the United States. Doing so also benefits U.S. national security, as Russia is building more than one-third of new nuclear reactors around the world to bolster its geostrategic influence. While Russia has been the leading exporter of reactors, China has by far the most reactors under construction at home and is thus poised to play an even bigger role in the international market going forward. The United States also currently imports roughly one-fifth of its enriched uranium from Russia. To counter this by building a stronger domestic nuclear industry, your administration should improve the licensing and approval process of the Nuclear Regulatory Commission and reform the country’s nuclear waste management policies. In addition to nuclear power, your administration should also make it easier to permit geothermal power plants, which today can play a much larger role in meeting the nation’s energy needs thanks to recent innovations using technology advanced by the oil and gas sector for shale development.
Even with progress on all these challenges, it is unrealistic to expect that the United States can produce all the clean energy products it needs domestically. It will take many years to diminish China’s lead in critical mineral supply, battery manufacturing, and solar manufacturing. The rate of growth needed in clean energy is too overwhelming, and China’s head start is too great to diversify supply chains away from it if the United States relies solely on domestic manufacturing or that of a few friendly countries. As a result, diminishing China’s dominant position requires that your administration expand economic cooperation and trade partnerships with a vast number of other nations. Contrary to today’s protectionist trends, the best antidote to concerns about China’s clean technology dominance is more trade, not less.
Your administration should also strengthen existing tools that increase the supply of clean energy products in emerging and developing economies in order to diversify supply chains and counter China’s influence in these markets. For example, the U.S. International Development Finance Corp. (DFC) can be a powerful tool to support U.S. investment overseas, such as in African or Latin American projects to mine, refine, and process critical minerals. As DFC comes up for reauthorization next year, you should work with Congress to provide DFC with more resources and also change the way federal budgeting rules account for equity investments; this would allow DFC to make far more equity investments even with its existing funding. Your administration can also use DFC to encourage private investment in energy projects in emerging and developing economies by reducing the risk investors face from fluctuations in local currency that can significantly limit their returns or discourage their investment from the start. The U.S. Export-Import Bank is another tool to support the export of U.S. clean tech by providing financing for U.S. goods and services competing with foreign firms abroad.
Despite this country’s deep divisions and polarization, leaders of both parties should agree that bolstering clean energy production in the United States and in a broad range of partner countries around the world is in America’s economic and security interests.
I wish you much success in this work, which will also be the country’s success.
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Saudi Arabia to visit Brazil and lithium power Chile
Saudi Arabia's mining minister will visit Brazil and Chile over the coming two weeks, the ministry said on Sunday, as the world's leading oil exporter seeks to expand its international presence in mining.
In Brazil, talks will cover mining, food processing, and aviation, while in Chile the focus is on lithium, needed for electric vehicle batteries.
"This aligns with the Kingdom's direction towards expanding the production of EVs," a Saudi government statement said.
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayaf will land in Brazil on Monday and leave for Chile, the world's second largest producer of lithium, next Sunday.
Continue reading.
#politics#brazil#chile#saudi arabia#economy#international politics#saudi politics#image description in alt#mod nise da silveira
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Cathode Materials Market Size, Share, Key Drivers, Trends, Challenges and Competitive Analysis
"Global Cathode Materials Market – Industry Trends and Forecast to 2029
Global Cathode Materials Market, By Battery Type (Lead-Acid, Lithium-ion, Others), Material (Lithium-ion, Lead-acid, Others), Application (Electronics, Energy Storage System, Automotive, Power Tools, Others), End-user (Automotive, Consumer Electronics, Power Tools, Energy Storage Systems) Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Access Full 350 Pages PDF Report @
**Segments**
- **Type**: The cathode materials market can be segmented based on types such as lithium cobalt oxide, lithium iron phosphate, lithium manganese oxide, lithium nickel cobalt aluminum oxide, and others. Each type of cathode material offers different performance characteristics and is suitable for specific applications within the battery industry.
- **End-Use Industry**: Another way to segment the market is by end-use industry, which includes consumer electronics, automotive, industrial, and energy storage. The growing demand for electric vehicles and the increasing adoption of renewable energy sources are driving the growth of the cathode materials market in the automotive and energy storage sectors.
- **Region**: Geographically, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the cathode materials market due to the presence of major battery manufacturers in countries like China, Japan, and South Korea.
**Market Players**
- **Umicore** - **Johnson Matthey** - **POSCO** - **Hitachi Chemical Co., Ltd.** - **Sumitomo Corporation** - **Mitsubishi Chemical Corporation** - **Targray Technology International Inc.** - **3M** - **Arkema**
These market players are actively involved in research and development activities to launch new and improved cathode materials that offer higher energy density, better safety features, and longer lifespan. They are also focusing on strategic partnerships and collaborations to expand their market presence globally and cater to the evolving needs of customers across different industries.
https://www.databridgemarketresearch.com/reports/global-cathode-materials-marketThe cathode materials market is witnessing significant growth driven by the increasing demand for lithium-ion batteries across various industries such as consumer electronics, automotive, industrial, and energy storage. The shift towards electric vehicles and the emphasis on renewable energy sources are key factors propelling the market expansion. In terms of segmentation, the market can be categorized based on different types of cathode materials, including lithium cobalt oxide, lithium iron phosphate, lithium manganese oxide, and lithium nickel cobalt aluminum oxide. Each type offers unique performance characteristics suitable for specific applications within the battery industry, contributing to the diversification of product offerings.
From a regional perspective, Asia Pacific is expected to lead the cathode materials market due to the presence of major battery manufacturers in countries like China, Japan, and South Korea. These countries are at the forefront of battery technology development and adoption, driving innovation and market growth in the region. Additionally, North America, Europe, Latin America, and the Middle East & Africa regions are also witnessing a surge in demand for cathode materials attributed to the increasing focus on sustainable energy solutions and the transition towards cleaner transportation options.
Key market players such as Umicore, Johnson Matthey, POSCO, Hitachi Chemical Co., Ltd., Sumitomo Corporation, Mitsubishi Chemical Corporation, Targray Technology International Inc., 3M, and Arkema are actively engaged in research and development initiatives to introduce advanced cathode materials with enhanced energy density, safety features, and prolonged lifespan. This focus on innovation and product development is essential to meet the evolving requirements of customers in diverse industries and to stay competitive in the market.
Furthermore, strategic partnerships and collaborations play a vital role in the expansion of market players' global footprint and in catering to the specific needs of customers worldwide. By leveraging synergies and expertise through partnerships, companies can access new markets, technologies, and resources to strengthen their market position and drive sustainable growth. Overall, the cathode materials market is poised for continued expansion driven by technological advancements, increasing applications in**Segments:**
- **Type**: The cathode materials market is segmented based on various types such as lithium cobalt oxide, lithium iron phosphate, lithium manganese oxide, lithium nickel cobalt aluminum oxide, and others. These different types of cathode materials offer varying performance characteristics and are suited for specific applications within the battery industry, contributing to the diversification of product offerings.
- **End-Use Industry**: Another segmentation approach for the cathode materials market is based on the end-use industry, including consumer electronics, automotive, industrial, and energy storage sectors. The increasing demand for electric vehicles and the growing adoption of renewable energy sources are major drivers for market growth in the automotive and energy storage segments.
- **Region**: Geographically, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to dominate the cathode materials market due to the presence of major battery manufacturers in countries like China, Japan, and South Korea, leading innovation and market growth in the region.
**Market Players:**
- Umicore - Johnson Matthey - POSCO - Hitachi Chemical Co., Ltd. - Sumitomo Corporation - Mitsubishi Chemical Corporation - Targray Technology International Inc. - 3M - Arkema
Key market players in the cathode materials market are actively engaged in developing new and improved cathode materials to offer higher energy density, enhanced safety features, and increased lifespan. Research
Key points covered in the report: -
The pivotal aspect considered in the global Cathode Materials Market report consists of the major competitors functioning in the global market.
The report includes profiles of companies with prominent positions in the global market.
The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
The driving factors for the growth of the global Cathode Materials Market are thoroughly explained along with in-depth descriptions of the industry end users.
The report also elucidates important application segments of the global market to readers/users.
This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
The experts also evaluate the export/import policies that might propel the growth of the Global Cathode Materials Market.
The Global Cathode Materials Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Cathode Materials Market Landscape
Part 04: Global Cathode Materials Market Sizing
Part 05: Global Cathode Materials Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Reasons to Buy:
Review the scope of the Cathode Materials Market with recent trends and SWOT analysis.
Outline of market dynamics coupled with market growth effects in coming years.
Cathode Materials Market segmentation analysis includes qualitative and quantitative research, including the impact of economic and non-economic aspects.
Regional and country level analysis combining Cathode Materials Market and supply forces that are affecting the growth of the market.
Market value data (millions of US dollars) and volume (millions of units) for each segment and sub-segment.
and strategies adopted by the players in the last five years.
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Thermal Energy Storage Market Report: Industry Manufacturers Analysis 2020-2027
Thermal Energy Storage Market
The global thermal energy storage market size was valued at USD 4.1 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 9.45% from 2020 to 2027.
Shifting preference towards renewable energy generation, including concentrated solar power, and rising demand for thermal energy storage (TES) systems in HVAC are among the key factors propelling the industry growth. Growing need for enhanced energy efficiency, coupled with continuing energy utilization efforts, will positively influence the thermal energy storage demand. For instance, in September 2018, the Canadian government updated a financial incentive plan “Commercial Energy Conservation and Efficiency Program” that offers USD 15,000 worth rebates for commercial sector energy upgrades.
Gather more insights about the market drivers, restrains and growth of the Thermal Energy Storage Market
The market in the U.S. is projected to witness substantial growth in the forthcoming years on account of increasing number of thermal energy storage projects across the country. For instance, in 2018, the U.S. accounted for 33% of the 18 under construction projects and 41% of the total 1,361 operational projects globally. Presence of major industry players in the country is expected to further propel the TES market growth in the U.S.
The U.S. Department of Energy (DoE) evaluates thermal energy storage systems for their safety, reliability, cost-effective nature, and adherence to environmental regulations and industry standards. It also stated that Europe and the Asia Pacific display higher fractions of grid energy storage as compared to North America. Rising need for a future with clean energy is prompting governments across the globe to take efforts towards developing innovative energy storage systems.
The primary challenge faced by the thermal energy storage sector is the economical storage of energy. An important advancement in this sector has been the usage of lithium-ion batteries. These batteries exhibit high energy density and long lifespans of 500 deep cycles, i.e. the number of times they can be charged from 20% to their full capacity before witnessing a deterioration in performance. They can also be utilized in electric vehicles, district cooling and heating, and power generation.
Thermal Energy Storage Market Segmentation
Grand View Research has segmented the global thermal energy storage market report on the basis of product type, technology, storage material, application, end user, and region:
Product Type Outlook (Revenue, USD Million, 2016 - 2027)
Sensible Heat Storage
Latent Heat Storage
Thermochemical Heat Storage
Technology Outlook (Revenue, USD Million, 2016 - 2027)
Molten Salt Technology
Electric Thermal Storage Heaters
Solar Energy Storage
Ice-based Technology
Miscibility Gap Alloy Technology
Storage Material Outlook (Revenue, USD Million, 2016 - 2027)
Molten Salt
Phase Change Material
Water
Application Outlook (Revenue, USD Million, 2016 - 2027)
Process Heating & Cooling
District Heating & Cooling
Power Generation
Ice storage air-conditioning
Others
End-user Outlook (Revenue, USD Million, 2016 - 2027)
Industrial
Utilities
Residential & Commercial
Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America
US
Canada
Mexico
Europe
UK
Russia
Germany
Spain
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Middle East and Africa (MEA)
Saudi Arabia
Browse through Grand View Research's Power Generation & Storage Industry Research Reports.
The global energy storage for unmanned aerial vehicles market size was estimated at USD 413.25 million in 2023 and is expected to grow at a CAGR of 27.8% from 2024 to 2030.
The global heat recovery steam generator market size was estimated at USD 1,345.2 million in 2023 and is projected to reach USD 1,817.0 million by 2030 and is anticipated to grow at a CAGR of 4.5% from 2024 to 2030.
Key Companies & Market Share Insights
Industry participants are integrating advanced technologies into the existing technology to enhance the product demand through the provision of improved thermal energy management systems. Furthermore, eminent players are emphasizing on inorganic growth ventures as a part of their strategic expansion. Some of the prominent players in the global thermal energy storage market include:
BrightSource Energy Inc.
SolarReserve LLC
Abengoa SA
Terrafore Technologies LLC
Baltimore Aircoil Company
Ice Energy
Caldwell Energy
Cryogel
Steffes Corporation
Order a free sample PDF of the Thermal Energy Storage Market Intelligence Study, published by Grand View Research.
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Advanced Battery Recycling Technologies Market Research and Share | Report 2024 to 2032 | Reports and Insights
The Reports and Insights, a leading market research company, has recently releases report titled “Advanced Battery Recycling Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Advanced Battery Recycling Technologies Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Advanced Battery Recycling Technologies Market?
The global advanced battery recycling technologies market was valued at US$ 6.5 Billion in 2023 and is expected to register a CAGR of 21.2% over the forecast period and reach US$ 36.68 Bn in 2032.
What are Advanced Battery Recycling Technologies?
Advanced battery recycling technologies are cutting-edge methods focused on efficiently recovering valuable materials from spent batteries while minimizing environmental harm. These technologies utilize sophisticated processes, including hydrometallurgical and pyrometallurgical techniques, to extract key elements such as lithium, cobalt, and nickel from battery components. By incorporating advanced sorting, chemical treatments, and purification methods, these systems improve the recovery rates of essential metals and reduce the dependence on new resources. They also tackle the increasing challenge of battery waste management, promoting a circular economy and supporting the sustainable advancement of energy storage technologies.
Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2429
What are the growth prospects and trends in the Advanced Battery Recycling Technologies industry?
The advanced battery recycling technologies market growth is driven by various factors and trends. The market for advanced battery recycling technologies is experiencing significant expansion, driven by the growing need to manage battery waste and recover valuable materials. With the rising demand for batteries in electric vehicles and renewable energy storage, there is an increasing focus on technologies that efficiently reclaim essential elements like lithium, cobalt, and nickel. Innovations in recycling methods, such as hydrometallurgical and pyrometallurgical techniques, are improving material recovery rates and promoting environmental sustainability. This market growth is supported by stricter regulations, government incentives for eco-friendly practices, and substantial investments in research and development. Leading regions, including North America, Europe, and Asia, are at the forefront of adopting and advancing these technologies to address the growing demand for effective battery recycling solutions. Hence, all these factors contribute to advanced battery recycling technologies market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Battery Type
Lithium-Ion Batteries
Lead-Acid Batteries
Nickel-Metal Hydride (NiMH) Batteries
Others
By Recycling Process
Direct Recycling
Pyrometallurgical Processes
Hydrometallurgical Processes
Biotechnological Processes
Mechanical Processes
By End-User Industry
Automotive
Consumer Electronics
Industrial
Others
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
Benelux
Nordic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
BATX Energies
Argonne National Laboratory
Ascend Elements
Cylib
American Battery Technology Company
call2recycle
Fortum
ECOBAT
View Full Report: https://www.reportsandinsights.com/report/Advanced Battery Recycling Technologies-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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#Advanced Battery Recycling Technologies Market share#Advanced Battery Recycling Technologies Market size#Advanced Battery Recycling Technologies Market trends
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Battery Recycling Market Size, Share, Growth And Analysis Report 2024-2030
The global battery recycling market size was estimated at USD 1.83 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 37.6% from 2024 to 2030.
The industry is expected to grow rapidly during the forecast period owing to increasing popularity of electric vehicles (EVs) and renewable energy storage systems leading to a higher demand for batteries, and, in turn, driving the need for recycling. Governments globally are implementing regulations to promote the recycling of batteries and reduce environmental impact, which is expected to boost industry growth.
Gather more insights about the market drivers, restrains and growth of the Battery Recycling Market
The U.S. emerged as the largest market in North America in 2023. Increasing sales of EVs in the U.S. owing to the formulation of supportive federal policies, such as the Responsible Battery Recycling Act of 2022 California, and presence of leading industry players are expected to drive demand for batteries in the country over the forecast period. Responsible Battery Recycling Act of 2022 California instructs each battery retailer in the state to have a system for collection of used rechargeable batteries for recycling and reusing purposes.
The U.S. has emerged as a growing market for the recycling of li-ion batteries owing to the presence of large-scale li-ion recycling facilities in the country. For instance, Li-cycle Corp. inaugurated its new li-ion recycling facility with 120,000 square feet of warehousing space. This facility can process 10,000 tons of battery material for electric vehicles annually. The company possesses the capacity to recycle 60,000 electric vehicle batteries.
Battery Recycling Market Segmentation
Grand View Research has segmented the global battery recycling market report based on chemistry, application, and region:
Chemistry Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
• Lithium-ion
• Lead Acid
• Nickel
• Others
Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
• Transportation
• Consumer Electronics
• Industrial
Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Poland
o Netherlands
• Asia Pacific
o China
o Japan
o South Korea
o Taiwan
o India
o Indonesia
o Malaysia
o Thailand
o Vietnam
o Australia
• Central & South America
o Brazil
o Argentina
o Chile
• Middle East & Africa
o UAE
o Saudi Arabia
o South Africa
Browse through Grand View Research's Power Generation & Storage Industry Research Reports.
• The global portable power station market size was estimated at USD 0.61 billion in 2023 and is estimated to grow at a CAGR of 16.7% from 2024 to 2030.
• The global generator paralleling switchgear market size was estimated at USD 1.71 billion in 2023 and expected to grow at a CAGR of 8.7% from 2024 to 2030.
Key Companies & Market Share Insights
Market is highly competitive and consolidated due to the presence of a large number of well-established players. Dominant trend in operations of these battery recycling companies includes collaborations, mergers & acquisitions, and expansions, which facilitate competition in the industry.
In November 2023, Redwood Materials announced their expansion for battery recycling in line with the increasing demand for recycling of electric vehicle batteries.
Key Battery Recycling Companies:
• Call2Recycle
• Exide Technologies
• Gravita India Ltd.
• Glencore
• Cirba Solutions
• American Battery Technology Company
• Gopher Resource
• East Penn Manufacturing Co.
• Aqua Metals
Order a free sample PDF of the Battery Recycling Market Intelligence Study, published by Grand View Research.
#Battery Recycling Market#Battery Recycling Industry#Battery Recycling Market size#Battery Recycling Market share#Battery Recycling Market analysis
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Saudi Arabia Portable Power Station Market size by value at USD 5.40 million in 2023.During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Portable Power Station Market size to expand at a CAGR of 16.15% reaching a value of USD 15.28 million in 2030. Saudi Arabia Portable Power Station Market is driven by rising demand for reliable backup power in residential, commercial, and industrial sectors due to frequent power outages. Increased outdoor recreational activities, such as camping and off-grid travel, also boost demand. The growing adoption of renewable energy sources, coupled with advancements in battery technology, enhances portability and efficiency. Additionally, the government's focus on sustainable energy solutions and the expansion of the construction sector further propel market growth.
Opportunity – Advancements in Battery Technology
Saudi Arabia Portable Power Station Market is driven by the rapid adoption of significant advancements in battery technology, particularly the development of high-capacity lithium-ion batteries. The batteries offer longer life cycles, faster charging times, and increased energy density, making portable power stations more efficient and reliable. Additionally, the growing demand for off-grid power solutions and the increasing adoption of renewable energy sources are boosting the market, as advanced batteries enhance the portability and performance of power stations in remote areas.
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Oil may be the lifeblood of many Middle Eastern economies, but some of the region’s biggest players are now setting their sights on another booming energy sector: critical minerals.
Minerals such as lithium, cobalt, and rare earths power the world’s clean energy technologies and electric vehicle batteries. As these resources take center stage with the clean energy transition, oil-rich countries such as Saudi Arabia and the United Arab Emirates (UAE) are also ramping up investment in critical minerals supply chains in a bid to diversify their economic portfolios and carve out a stake in the growing industry.
“This is not about replacing the bedrock of their economic engine away from oil to minerals,” said Ahmed Mehdi, managing director at Renaissance Energy and a visiting fellow at the Columbia University Center on Global Energy Policy. “This is more about making sure that they have a seat at the table in the energy transition, especially given how geopolitically charged this industry is.”
Rising geopolitical tensions have cast a new spotlight on these minerals and the countries that wield outsized influence over their supply and production. China, in particular, dominates the processing of many of these resources, which has heightened fears of strategic vulnerabilities and catalyzed efforts to secure alternative supply chains. And in the Middle East, where fears of fossil fuel revenue over-dependence run high, many governments refuse to be left out of this new race.
“Saudi and the UAE are coming out as big players in the critical minerals space,” said Gracelin Baskaran, a senior fellow at the Center for Strategic and International Studies. “These are oil-dependent countries who realize that the clean energy transition and electric vehicles are going to reduce global demand for oil, so if they are going to economically grow, it’s not going to be purely on continuing an oil-only model.”
“They are the new big kids in town,” she said.
Take Riyadh, which has outlined big ambitions in the mining sector. The country highlighted the importance of mining in Vision 2030, the government’s big plan to overhaul Saudi Arabia’s economy and slash its dependence on fossil fuel revenues. It has also set aside some $182 million for a mineral exploration incentive program. Saudi Arabia is home to some $2.5 trillion in untapped mineral reserves, according to government estimates, and in 2021, it launched its own annual mining conference, the Future Minerals Forum.
“Saudi Arabia is being transformed. Through this transformation we want to be an economic powerhouse,” Khalid al-Mudaifer, Saudi Arabia’s vice minister for mining, told Semafor. “To be an industrial [power], we need minerals. To build projects, we need minerals. Therefore, mining of Saudi Arabia [is] the first step, bringing minerals from outside is the second step, third step is to build Saudi Arabia as a hub.”
To execute this vision, Riyadh has focused on securing new partnerships, including by signing memorandums of understanding focused on mining with the Democratic Republic of the Congo, Egypt, Russia, the United States, and Morocco. Washington and Riyadh were reportedly in talks to purchase mining stakes in several African countries, the Wall Street Journal reported last year; Saudi Arabia is also weighing investments in Brazil and has dispatched a delegation to Argentina to discuss that country’s lithium wealth.
The UAE is also ramping up efforts to carve out a stake in the sector, including by inking a $1.9 billion mining partnership in the Democratic Republic of the Congo and securing new agreements in copper-rich Zambia. The UAE and Australia are reportedly also in talks for a free trade agreement that could see Abu Dhabi invest in Canberra’s critical minerals sector. And in nearby Qatar, Doha has taken its own initial steps by signing mining agreements with Nigeria and underscoring the importance of cooperation in the critical minerals space during talks with Washington.
Baskaran said that Abu Dhabi and Riyadh both have the means of financing their ambitions. “Both of these countries have a lot of capital to deploy in the sector,” she said. “So at a time when most Western companies are pulling back on their drilling and exploration because lithium, nickel, cobalt prices are low, these Middle Eastern countries are like, ‘I have capital to play.’”
Still, experts caution that regulatory, environmental, and investment challenges loom ahead.
“Attracting substantial international investments requires competitive fiscal terms and predictable regulations to incentivize the participation of private companies,” Hamid Pouran, a critical minerals expert at the University of Wolverhampton, wrote for the Middle East Institute. “Strict environmental and social safeguards need to be implemented to ensure ethical and sustainable mining, and enhancing energy efficiency will be critical for the energy-intensive processes involved in refining minerals and metals.”
Yet powers like Saudi Arabia also have one key advantage: their ability to work with everybody, said Bryan Bille, a policy analyst at Benchmark Mineral Intelligence.
“They’ve got more wiggle room than other players, so they can do business with Russia, China, and the U.S. at the same time,” he said. “For them, that’s a major asset.”
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Global TWS Headphone Lithium Battery Market Size, Growth Rate, Industry opportunities 2024-2030
On 2024-7-3 Global Info Research released【Global TWS Headphone Lithium Battery Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the TWS Headphone Lithium Battery industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of TWS Headphone Lithium Battery. TWS (True Wireless Stereo) headphones are wireless earphones that come in a pair and do not require a physical connection between them. These headphones typically use lithium-ion batteries to power their operation. Li-ion batteries are popular in portable electronic devices due to their high energy density, lightweight design, and long lifespan. According to our (Global Info Research) latest study, the global TWS Headphone Lithium Battery market size was valued at US$ 919 million in 2023 and is forecast to a readjusted size of USD 2002 million by 2030 with a CAGR of 14.1% during review period. The core manufacturers of TWS Headphone Lithium Battery in the world include VARTA, Sunwoda and EVE Energy. The top three companies have a market share of about 35%. The Asia-Pacific region is the world's largest TWS Headphone Lithium Battery market with a market share of about 36%, followed by the United States and Europe with a market share of 34% and 27%, respectively. In terms of product type, Coin Type is the largest segment, accounting for approximately 76% of the market share. In terms of application, Normal TWS Headphone is the largest downstream segment, accounting for about 77% of the market share. This report is a detailed and comprehensive analysis for global TWS Headphone Lithium Battery market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided. Market segment by Type: Pin Type、Coin Type Market segment by Application:Normal TWS Headphone、Athletic TWS Headphone Major players covered: VARTA、Sunwoda、EVE Energy、VDL、Guangzhou Great Power、Ganfeng Lithium、LG Chem、AEC Battery、BYD、ATL、Huizhou Everpower Technology、Zhangzhou Aucopo��Grepow、Mic-power
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa). The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe TWS Headphone Lithium Battery product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top manufacturers of TWS Headphone Lithium Battery, with price, sales, revenue and global market share of TWS Headphone Lithium Battery from 2019 to 2024. Chapter 3, the TWS Headphone Lithium Battery competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the TWS Headphone Lithium Battery breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030. Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030. Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and TWS Headphone Lithium Battery market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030. Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis. Chapter 13, the key raw materials and key suppliers, and industry chain of TWS Headphone Lithium Battery. Chapter 14 and 15, to describe TWS Headphone Lithium Battery sales channel, distributors, customers, research findings and conclusion.
Data Sources:
Via authorized organizations:customs statistics, industrial associations, relevant international societies, and academic publications etc.
Via trusted Internet sources.Such as industry news, publications on this industry, annual reports of public companies, Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), Trading Economics, News Network, Statista, Federal Reserve Economic Data, BIS Statistics, ICIS, Companies House Documentsm, investor presentations, SEC filings of companies, etc.
Via interviews. Our interviewees includes manufacturers, related companies, industry experts, distributors, business (sales) staff, directors, CEO, marketing executives, executives from related industries/organizations, customers and raw material suppliers to obtain the latest information on the primary market;
Via data exchange. We have been consulting in this industry for 16 years and have collaborations with the players in this field. Thus, we get access to (part of) their unpublished data, by exchanging with them the data we have.
From our partners.We have information agencies as partners and they are located worldwide, thus we get (or purchase) the latest data from them.
Via our long-term tracking and gathering of data from this industry.We have a database that contains history data regarding the market.
Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
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Power-Sports Batteries Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis
"Global Power-Sports Batteries Market – Industry Trends and Forecast to 2028
Global Power-Sports Batteries Market, By Vehicle Type (Motorcycles, Scooters and Mopeds, ATVs and Quads, Golf Carts, Water Sports, Snowmobiles, UTVs, Lawn Mowers), Battery Type (Conventional Batteries, Absorbent Glass Mat (AGM) Batteries, Lithium Batteries, Others) Voltage Range (6 Volt, 12 Volt, 24 Volt, 36 Volt, 48 Volt, Others), Distribution Channel (Original Equipment Manufacturer (OEM), Aftermarket/Replacement), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.
Access Full 350 Pages PDF Report @
**Segments**
- **Battery Type**: The power-sports batteries market can be segmented based on the type of battery, which includes lead-acid, lithium-ion, and others. Lead-acid batteries are cost-effective and commonly used in power-sports vehicles, but lithium-ion batteries are gaining popularity due to their lightweight and high-performance features.
- **Vehicle Type**: Another key segment is based on the vehicle type, which includes motorcycles, ATVs, UTVs, snowmobiles, and others. Each type of power-sports vehicle has specific battery requirements based on factors such as power output, size, and weight.
- **Sales Channel**: The market can also be segmented by sales channel, including OEM (Original Equipment Manufacturers) and aftermarket. The OEM segment caters to the batteries installed by manufacturers during vehicle production, while the aftermarket segment includes batteries purchased and replaced by users as replacements or upgrades.
**Market Players**
- **Johnson Controls**: Johnson Controls is a global leader in power-sports batteries, offering a wide range of products for various vehicle types. The company focuses on innovation and sustainability to meet the evolving demands of the market.
- **Exide Technologies**: Exide Technologies is another prominent player in the power-sports batteries market, known for its high-quality batteries and strong distribution network. The company's emphasis on technological advancements and customer service has contributed to its market presence.
- **East Penn Manufacturing Company**: East Penn Manufacturing Company is a key player in the power-sports batteries market, providing a diverse portfolio of batteries for motorcycles, ATVs, and other vehicles. The company's commitment to product quality and performance has helped it establish a strong market position.
- **EnerSys**: EnerSys is a leading manufacturer of power-sports batteries, offering reliable and durable products for a wide range of applications. The company's focus on research and development ensures that its batteries meet the industry's stringent standards for performance and safety.
- **GS Yuasa Corporation**: GS YuasaGS Yuasa Corporation is a significant player in the power-sports batteries market, known for its cutting-edge battery technology and strong global presence. The company offers a diversified range of batteries catering to motorcycles, ATVs, UTVs, snowmobiles, and other power-sports vehicles. GS Yuasa's focus on innovation and sustainability has helped it stay competitive in the market and meet the evolving demands of customers. With a strong emphasis on research and development, GS Yuasa continuously strives to enhance the performance and durability of its batteries, ensuring they meet the highest industry standards.
In terms of market strategy, GS Yuasa Corporation has been proactive in expanding its market reach through strategic partnerships, collaborations, and acquisitions. By leveraging its technological expertise and manufacturing capabilities, the company has strengthened its position in key regions and gained a competitive edge in the power-sports batteries market. Additionally, GS Yuasa's emphasis on customer-centric solutions and product quality has helped it build long-term relationships with OEMs and aftermarket distributors, further enhancing its market presence.
One of the key factors driving GS Yuasa's success in the power-sports batteries market is its strong focus on sustainability and environmental responsibility. The company has been at the forefront of developing eco-friendly battery solutions, such as lithium-ion batteries with reduced environmental impact. By aligning its business practices with sustainable principles, GS Yuasa has not only enhanced its brand reputation but also positioned itself as a preferred choice for environmentally-conscious customers in the power-sports industry.
Furthermore, GS Yuasa Corporation's commitment to meeting the diverse needs of customers through customized battery solutions has been instrumental in its market growth. The company's ability to tailor its products to specific vehicle types and performance requirements has enabled it to capture a significant share of the power-sports batteries market. By staying abreast of technological advancements and market trends, GS Yuasa continues to innovate and introduce new battery solutions that cater to the changing demands of the power-sports industry.
In conclusion, GS Yuasa Corporation is a**Market Analysis**
Global Power-Sports Batteries Market is witnessing significant growth driven by the increasing demand for power-sports vehicles like motorcycles, ATVs, UTVs, and snowmobiles. The market is segmented based on vehicle type, battery type, sales channel, and geographical regions. The rising popularity of lithium-ion batteries due to their lightweight and high-performance features is a key trend shaping the market. Johnson Controls, Exide Technologies, East Penn Manufacturing Company, EnerSys, and GS Yuasa Corporation are prominent players leading the market with a focus on innovation, quality, and sustainability.
**Segments:** - **Battery Type**: The market segmentation based on battery type includes lead-acid, lithium-ion, and other batteries, with lithium-ion gaining traction for its superior performance characteristics. - **Vehicle Type**: Segmentation by vehicle type covers motorcycles, ATVs, UTVs, snowmobiles, and others, each with specific battery requirements based on power output and size. - **Sales Channel**: The market can also be segmented by sales channel, including OEM and aftermarket segments catering to different battery procurement needs.
**GS Yuasa Corporation's Market Strategy**: GS Yuasa Corporation stands out in the power-sports batteries market with its proactive market expansion strategies through partnerships, collaborations, and acquisitions. Aligning with sustainable practices, the company offers eco-friendly lithium-ion batteries, enhancing its brand reputation and attracting environmentally-conscious customers. Customized battery solutions tailored to specific vehicle types and performance requirements have been
Key points covered in the report: -
The pivotal aspect considered in the global Power-Sports Batteries Market report consists of the major competitors functioning in the global market.
The report includes profiles of companies with prominent positions in the global market.
The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
The driving factors for the growth of the global Power-Sports Batteries Market are thoroughly explained along with in-depth descriptions of the industry end users.
The report also elucidates important application segments of the global market to readers/users.
This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
The experts also evaluate the export/import policies that might propel the growth of the Global Power-Sports Batteries Market.
The Global Power-Sports Batteries Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Power-Sports Batteries Market Landscape
Part 04: Global Power-Sports Batteries Market Sizing
Part 05: Global Power-Sports Batteries Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
The investment made in the study would provide you access to information such as:
Power-Sports Batteries Market [Global – Broken-down into regions]
Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
Country-wise Market Size Split [of important countries with major market share]
Market Share and Revenue/Sales by leading players
Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
Market Size
Market Size by application/industry verticals
Market Projections/Forecast
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Lithium-ion Battery Market - Changing Supply and Demand Scenarios By 2030
Lithium-ion Battery Industry Overview
The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030.
Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries. Global registration of electric vehicles (EVs) is anticipated to increase significantly over the forecast period. The U.S. emerged as the largest market in North America in 2023. Increasing EV sales in the country owing to supportive federal policies coupled with the presence of several players in the U.S. market are expected to drive product demand. Federal policies include the American Recovery and Reinvestment Act of 2009, which established tax credits for purchasing electric vehicles.
Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market
New Corporate Average Fuel Economy (CAFE) standards mandated fuel economy standards for passenger cars and Light Commercial Vehicles (LCVs) resulting in the expansion of electric drive technologies. Increasing product demand in smartphones owing to their extended shelf life and enhanced efficiency is expected to drive market growth. The increasing demand for EVs owing to growing consumer awareness about carbon emissions is expected to fuel market growth. A decline in the demand for lead-acid batteries, owing to EPA regulations on lead contamination and resulting environmental hazards coupled with regulations on lead-acid battery storage, disposal, and recycling, has led to an increase in the demand for Li-ion batteries in automobiles. Mexico has been a center of the global automotive industry as companies worldwide are eyeing to invest here.
Mexico is the fourth-largest exporter in automotive industry, after Germany, Japan, and South Korea. Growing automobile production in the country is anticipated to drive product demand. The COVID-19 pandemic has been a major restraint to market growth owing to several factors including reduced operational cost by end-users, coupled with disruption in the availability of spare parts due to sluggish manufacturing activities and logistics issues. Battery providers have taken subsequent steps to ensure efficient services to end-users that have signed long-term contracts with them. Vendors are opting for digital tools and are following prescribed preventative measures including social distancing norms and the use of protective kits in case of an on-site inspection and repair services required by end-users on a case-to-case basis.
Lithium-ion Battery Market Segmentation
Grand View Research has segmented the global lithium-ion battery market report based on product, application and region:
Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)
Lithium Cobalt Oxide (LCO)
Lithium Iron Phosphate (LFP)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Manganese Oxide (LMO)
Lithium Titanate
Lithium Nickel Manganese Cobalt (LMC)
Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)
Automotive
Consumer Electronics
Industrial
Energy Storage Systems
Medical Devices
Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Russia
Spain
France
UK
Germany
Italy
Asia Pacific
China
India
Japan
South Korea
Australia
Central & South America
Brazil
Paraguay
Columbia
Middle East & Africa
South Africa
UAE
Egypt
Saudi Arabia
Browse through Grand View Research's Conventional Energy Industry Research Reports.
The global shore power market size was estimated at USD 2.0 billion in 2023 and is expected to grow at a CAGR of 10.4% from 2024 to 2030.
The global gas turbine market size was estimated at USD 10.19 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.
Key Companies & Market Share Insights
The industry is extremely competitive with key participants involved in R&D and constant product innovation. Key manufactures include Samsung, BYD, LG Chem, Johnson Controls, Exide, and Saft. Several companies are engaged in new product development to improve their global market share. For instance, BYD and Panasonic hold a strong position on account of its increased manufacturing capacities and large distribution network.
Key Lithium-ion Battery Companies:
BYD Co., Ltd.
A123 Systems LLC
Hitachi, Ltd.
Johnson Controls
LG Chem
Panasonic Corp.
Saft
Samsung SDI Co., Ltd.
Toshiba Corp.
GS Yuasa International Ltd.
Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.
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Stationary Battery Storage Market Trends, News and Forecast 2024 to 2032
The Reports and Insights, a leading market research company, has recently releases report titled “Stationary Battery Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Stationary Battery Storage Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Stationary Battery Storage Market?
The stationary battery storage market size reached US$ 118.9 billion in 2023. Looking forward, Reports, Insights expects the market to reach US$ 1,043.85 billion by 2032, exhibiting a growth rate (CAGR) of 27.3% during 2024-2032.
What are Stationary Battery Storage?
Stationary battery storage involves large-scale battery systems designed to store electrical energy for fixed applications, such as grid stabilization, backup power, and energy management. These systems consist of multiple interconnected batteries that store excess electricity generated from renewable sources or during off-peak times, and release it when demand is high or when power supply is interrupted. Stationary battery storage improves energy reliability, facilitates the integration of renewable energy, and helps manage energy costs by balancing supply and demand. These systems are used in both commercial and residential settings to enhance energy efficiency and resilience.
Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2220
What are the growth prospects and trends in the Stationary Battery Storage industry?
The stationary battery storage market growth is driven by various factors and trends. The stationary battery storage market is experiencing rapid growth due to the increasing need for dependable energy solutions, the integration of renewable energy sources, and advancements in battery technology. This expansion is fueled by the demand for grid stability, backup power, and efficient energy management across both commercial and residential sectors. Key drivers include rising investments in energy infrastructure, government incentives, and heightened awareness of energy efficiency. The market encompasses various battery technologies, including lithium-ion, lead-acid, and flow batteries. North America and Europe are at the forefront of the market due to their advanced energy systems and supportive policies, while the Asia-Pacific region is also seeing significant growth, driven by urbanization and rising energy needs. Hence, all these factors contribute to stationary battery storage market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
Benelux
Nordic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
ASEAN
Australia New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Middle East Africa
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
Tesla
Durapower Group
Johnson Controls
Exide Technologies
Duracell, Inc
BYD Company Ltd
Toshiba Corporation
Samsung SDI Co., Ltd
Panasonic Corporation
GS Yuasa International Ltd
A123 Systems, LLC
LG Chem Ltd.
Furukawa Battery Co., Ltd.
HydraRedox
Narada Power Source Co. Ltd
Siemens
Lockheed Martin Corporation
CMBlu Energy AG
JenaBatteries GmbH
SCHMID Group
Others
View Full Report: https://www.reportsandinsights.com/report/Stationary Battery Storage-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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#Stationary Battery Storage Market share#Stationary Battery Storage Market size#Stationary Battery Storage Market trends
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The global thermal energy storage market size was valued at USD 4.1 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 9.45% from 2020 to 2027.
Shifting preference towards renewable energy generation, including concentrated solar power, and rising demand for thermal energy storage (TES) systems in HVAC are among the key factors propelling the industry growth. Growing need for enhanced energy efficiency, coupled with continuing energy utilization efforts, will positively influence the thermal energy storage demand. For instance, in September 2018, the Canadian government updated a financial incentive plan “Commercial Energy Conservation and Efficiency Program” that offers USD 15,000 worth rebates for commercial sector energy upgrades.
Gather more insights about the market drivers, restrains and growth of the Thermal Energy Storage Market
The market in the U.S. is projected to witness substantial growth in the forthcoming years on account of increasing number of thermal energy storage projects across the country. For instance, in 2018, the U.S. accounted for 33% of the 18 under construction projects and 41% of the total 1,361 operational projects globally. Presence of major industry players in the country is expected to further propel the TES market growth in the U.S.
The U.S. Department of Energy (DoE) evaluates thermal energy storage systems for their safety, reliability, cost-effective nature, and adherence to environmental regulations and industry standards. It also stated that Europe and the Asia Pacific display higher fractions of grid energy storage as compared to North America. Rising need for a future with clean energy is prompting governments across the globe to take efforts towards developing innovative energy storage systems.
The primary challenge faced by the thermal energy storage sector is the economical storage of energy. An important advancement in this sector has been the usage of lithium-ion batteries. These batteries exhibit high energy density and long lifespans of 500 deep cycles, i.e. the number of times they can be charged from 20% to their full capacity before witnessing a deterioration in performance. They can also be utilized in electric vehicles, district cooling and heating, and power generation.
Thermal Energy Storage Market Segmentation
Grand View Research has segmented the global thermal energy storage market report on the basis of product type, technology, storage material, application, end user, and region:
Product Type Outlook (Revenue, USD Million, 2016 - 2027)
• Sensible Heat Storage
• Latent Heat Storage
• Thermochemical Heat Storage
Technology Outlook (Revenue, USD Million, 2016 - 2027)
• Molten Salt Technology
• Electric Thermal Storage Heaters
• Solar Energy Storage
• Ice-based Technology
• Miscibility Gap Alloy Technology
Storage Material Outlook (Revenue, USD Million, 2016 - 2027)
• Molten Salt
• Phase Change Material
• Water
Application Outlook (Revenue, USD Million, 2016 - 2027)
• Process Heating & Cooling
• District Heating & Cooling
• Power Generation
• Ice storage air-conditioning
• Others
End-user Outlook (Revenue, USD Million, 2016 - 2027)
• Industrial
• Utilities
• Residential & Commercial
Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Russia
o Germany
o Spain
• Asia Pacific
o China
o India
o Japan
o South Korea
• Central & South America
o Brazil
• Middle East and Africa (MEA)
o Saudi Arabia
Browse through Grand View Research's Power Generation & Storage Industry Research Reports.
• The global energy storage for unmanned aerial vehicles market size was estimated at USD 413.25 million in 2023 and is expected to grow at a CAGR of 27.8% from 2024 to 2030.
• The global heat recovery steam generator market size was estimated at USD 1,345.2 million in 2023 and is projected to reach USD 1,817.0 million by 2030 and is anticipated to grow at a CAGR of 4.5% from 2024 to 2030.
Key Companies & Market Share Insights
Industry participants are integrating advanced technologies into the existing technology to enhance the product demand through the provision of improved thermal energy management systems. Furthermore, eminent players are emphasizing on inorganic growth ventures as a part of their strategic expansion. Some of the prominent players in the global thermal energy storage market include:
• BrightSource Energy Inc.
• SolarReserve LLC
• Abengoa SA
• Terrafore Technologies LLC
• Baltimore Aircoil Company
• Ice Energy
• Caldwell Energy
• Cryogel
• Steffes Corporation
Order a free sample PDF of the Thermal Energy Storage Market Intelligence Study, published by Grand View Research.
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