#Lithium Battery Saudi Arabia

[seodigital2006]

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[natureshiner]

Recently, Saudi Arabia has discovered reserves of lithium in its oil fields, which is also called 'white gold'. Saudi Arabia's state-owned oil company Aramco has started extracting lithium from oil fields under a pilot project.

Lithium is considered an important source to meet future energy needs, as it is used in making batteries for electric vehicles, mobiles, laptops and other electronic devices. Due to its increasing demand worldwide, this discovery is considered important for Saudi Arabia's economy.

[mariacallous]

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.

[allthebrazilianpolitics]

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.

[global-research-report]

Exploring the Forklift Market: Growth and Forecasts for 2025 and Beyond

The global forklift market is expected to reach USD 154.99 billion by 2030 and is anticipated to expand at a CAGR of 13.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The e-commerce industry has experienced significant growth due to factors such as increased disposable income, widespread internet access, and enhanced shopping convenience. This surge in online shopping, coupled with unpredictable shipping and shopping patterns, as well as direct-to-customer shipments, has led to a substantial increase in retail sales. Hence, this growth in retail sales has brought about a noticeable transformation in warehouse operations. Warehouses are tasked with fulfilling substantial orders for individual items. This shift necessitates greater efficiency among warehouse workers and forklifts in the processes of locating, selecting, and transporting goods within the warehouse space.

Manufacturers such as Toyota Material Handling and Hyster-Yale Materials Handling, Inc. are focusing on investing heavily in R&D activities to manufacture technologically advanced autonomous forklifts. Hyster-Yale Materials Handling, Inc. integrates forklifts with systems such as Enterprise Resource Planning (ERP) and Warehouse Management System (WMS), offering employees a complete real-time view of the automated forklift. In addition, manufacturers aim to reduce the dependency of autonomous forklifts on guide wires, magnets, and lasers. Autonomous forklifts provide stable and consistent performance. These machines may reduce the cost of finding as well as onboarding a new workforce. They decrease product damage and reduce the ergonomic impact of physically demanding and monotonous work tasks for warehouse workers.

Forklift suppliers are constantly upgrading the technologies used in forklifts to provide advanced features, such as operator assist, improved ergonomics, and onboard programming and diagnostics. For instance, in October 2022, Toyota Material Handling (TMH), a forklift manufacturer and warehousing solutions provider, launched an updated version of its 3-Wheel Electric Forklift featuring Toyota Assist's SEnS+ pedestrian detection technology to detect objects and pedestrians within the detection range. Other features included enhanced energy efficiency to allow for a 40% longer run time on a single charge, an auto power mode to detect slopes and automatically switch to a higher power mode to maintain speed, and a lithium-ion battery to minimize maintenance costs and reduce downtime for improved productivity. These enhancements were designed to enable operators to be more productive while incurring a lower cost of ownership over the forklift’s lifespan.

Forklift Market Segmentation

Grand View Research has segmented the global forklift market based on class, power source, load capacity, electric battery type, end-use, and region.

Forklift Class Outlook (Volume Units; Revenue, USD Million, 2018 - 2030)

Class 1

Class 2

Class 3

Class 4/5

Forklift Power Source Outlook (Volume Units; Revenue, USD Million, 2018 - 2030)

ICE

Electric

Forklift Load Capacity Outlook (Revenue, USD Million, 2018 - 2030)

Below 5 Ton

5-15 Ton

Above 16 Ton

Forklift Electric Battery Type Outlook (Revenue, USD Million, 2018 - 2030)

Li-ion

Lead Acid

Forklift End-use Outlook (Revenue, USD Million, 2018 - 2030)

Industrial

Logistics

Chemical

Food & Beverage

Retail & E-Commerce

Others

Forklift Regional Outlook (Revenue, USD Billion; 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Italy

Spain

Asia Pacific

China

India

Japan

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

MEA

A.E.

Saudi Arabia

South Africa

Key Companies profiled:

Anhui Heli Co., Ltd.

Clark Material Handing Company, (Clark Equipment Company)

Crown Equipment Corporation

Doosan Corporation

Hangcha Forklift

Hyster-Yale Materials Handling, Inc.(Hyster-Yale Group, Inc.)

Jungheinrich AG

KION Group AG

Komatsu Ltd.

Mitsubishi Logisnext Co., Ltd.

Toyota Motor Corporation (Toyota Material Handling)

Key Forklift Company Insights

Some of the key players operating in the market include Toyota Motor Corporation (Toyota Material Handling); KION Group AG; Jungheinrich AG; Crown Equipment Corporation; and Mitsubishi Logisnext Co., Ltd.

Mitsubishi Logisnext Co., Ltd is engaged in developing, designing, and selling engine and electric-powered forklifts, local area networks, electric vehicles, automated warehouses, monorails, transportation robots, and other logistics equipment. The company has a strong market presence in North America, Europe, Asia & Oceania, and China. For the company Asia is the most potential market for future growth.

Jungheinrich AG is an intralogistics solutions provider offering a wide product portfolio comprising material handling equipment, digital solutions, automated systems, and related services, including rental services and aftermarket services. The company provides its customers with tailor-made solutions from a single source to help them expand their intralogistics services The company has developed an automated intralogistics workflow using various automated warehouse equipment, mobile robots, and software.

Combilift, BYD, Hangcha Forklift, UniCarriers Corporation, and Maximal Forklift are some of the emerging market participants in the forklift market.

Hangcha Forklift is a manufacturer and distributor of material handling equipment. The company serves industries and industry verticals, such as retail, warehousing, food, pharmaceuticals, logistics, and automotive, along with ports & terminals. The company maintains a product portfolio of pallet trucks, stackers, reach trucks, order pickers, and forklifts.

Maximal Forklift is engaged in designing and manufacturing of material handling equipment. The company owns robot welding equipment, forklifts performance test lines, assembly lines, and coating lines, among others. The company’s current product range covers four series of forklifts, including 13.5-32.0T heavy duty forklift, 1.8-5.0T rough terrain forklift, 1.5-compact12T industrial forklift, and warehouse equipment.

Recent Developments

In August 2023, Jungheinrich AG acquired Magazino, an automated solution provider. The acquisition helped the former company to strengthen position in autonomous mobile robots and related software.

In September 2023, Hangcha Forklift launched a high-voltage Lithium Battery based electric rough terrain forklift. The forklift ranges from 2.5-3.5 ton and features as reduced noise, zero-emission, and fast charging time.

In May 2023, Toyota Material Handling announced the launch of three new forklift models. The new forklifts have features such as standard power steering, industrial tow tractor, automatic parking brake, side-entry end rider, and center rider stacker. These features offer the user enhanced performance, efficiency, and a comfortable operating environment in the cabin. The models fall between the 6,000-8,000 lbs. weight classes and are ideal for order picking and cross-warehouse transportation.

In January 2023, Crown Equipment Corporation announced the launch of an electric counterbalance forklift. The C-B series features electric forklifts equipped with 80-volt motors. The forklifts have applications-oriented ergonomics such as a full suspension adjustable seat, intuitive control system, compact mast, and overhead guard. These features provide enhanced safety and productivity and reduce operator strain and fatigue.

Order a free sample PDF of the Forklift Market Intelligence Study, published by Grand View Research.

[sossupummit]

Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle Eastern oil exporter.  18 December ,2024 Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle Eastern oil exporter. The country, in the midst of revamping its […]

[leprivatebanker]

Saudi Arabia eyes lithium production for electric vehicle batteries

[harshnews]

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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[tamanna31]

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.

[seodigital2006]

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[seoteamwxt]

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[businessindustry]

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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[mariacallous]

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.”

[industrynewsupdates]

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.

[global-research-report]

Powering the Outdoors: Trends in the Mountain E-bikes Market

The global mountain e-bikes market size was estimated at USD 7.52 billion in 2023 and is expected to grow at a CAGR of 9.4% from 2024 to 2030.The rising popularity of outdoor recreation and adventure sports is a major factor contributing to the market growth. Mountain e-bikes, with their electric assist features, allow riders of various skill levels to tackle challenging terrains and explore new trails with ease. This accessibility is attracting a broader demographic, including older riders and those new to mountain biking. The trend of combining exercise with adventure is driving demand for mountain e-bikes, contributing to the market's expansion.

Technological advancements in e-bike components, such as motors, batteries, and drivetrains, are a major driving force in the mountain e-bikes market. High-performance mid-drive motors and efficient battery systems now offer increased torque, extended range, and smoother power delivery, making mountain e-bikes more capable on rugged terrains. Innovations such as smart sensors and integrated displays enhance rider experience by providing real-time data and ride customization options. These advancements are pushing the boundaries of what mountain e-bikes can achieve, making them more appealing to both novice and experienced riders. As technology continues to evolve, it is expected to further fuel the market growth.

Mountain E-bikes Market Segmentation

The chain drive segment led the market and accounted for 91.9% of the global revenue in 2023. The chain drive segment remains the dominant force in the mountain e-bikes market due to its proven durability, strength, and cost-effectiveness.

The lithium-ion batterysegment accounted for the largest revenue share in 2023. The lithium-ion battery segment continues to dominate the mountain e-bikes market due to its superior performance characteristics, including higher energy density, longer lifespan, and lighter weight compared to other battery types.

The pedal-assisted segment accounted for the largest revenue share in 2023. The growth of the segment can be attributed to its ability to provide a more natural biking experience while offering the benefits of electric assistance.

The mountain e-bikes market in North America is poised for significant growth from 2024 to 2030. The increasing consumer interest in sustainable transportation and outdoor recreational activities is a significant factor contributing to the growth of the market. 

Global Mountain E-bikes Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global mountain e-bikes market report based on drive, battery, propulsion, and region:

Drive Outlook (Revenue, USD Billion, 2018 - 2030)

Belt Drive

Chain Drive

Battery Outlook (Revenue, USD Billion, 2018 - 2030)

Lead-acid Battery

Lithium-ion Battery

Propulsion Outlook (Revenue, USD Billion, 2018 - 2030)

Pedal-assisted

Throttle-assisted

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia Pacific

China

India

Japan

South Korea

Australia

Latin America

Brazil 

Middle East & Africa (MEA)

UAE

Kingdom of Saudi Arabia (KSA)

South Africa

Key Mountain E-bikes Companies:

The following are the leading companies in the mountain e-bikes market. These companies collectively hold the largest market share and dictate industry trends.

Bulls Bikes USA

Accell Group

Cycling Sports Group, Inc.

Heybike Inc.

Husqvarna E-Bicycles

Magnum Electric Bikes

RANDRIDE

Heybike Inc.

Pedego

Polygon Bikes

Order a free sample PDF of the Mountain E-bikes Market Intelligence Study, published by Grand View Research.