Electrolyzers Market worth $23.6 Billion by 2028

Electrolyzers Market

The global electrolyzers market size is expected to grow from an estimated USD 1.2 billion in 2023 to USD 23.6 billion in 2028, at a CAGR of 80.3% according to a new report by MarketsandMarkets™. An electrolyzer system utilizes electricity to break water molecules into hydrogen and oxygen. …

Biorefinery Market worth $210.3 Billion by 2027

Biorefinery Market

The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to a new report by MarketsandMarkets™. Increasing demand for biofuels to achieve net zero emissions are the primary driver for the global biorefinery market across the globe. …

Geothermal Energy Market: Rising Demand for Power Generation through Clean Energy

Geothermal Energy Market

The global Geothermal Energy Market is expected to grow from an estimated USD 7.0 billion in 2022 to USD 9.4 billion in 2027, at a CAGR of 5.9% according to a new report by MarketsandMarkets™. Increasing use of geothermal energy for power generation, Favourable government policy, and increasing …

Green Ammonia Market to Signify Tremendous Growth by 2030

Green Ammonia Market

The global Green Ammonia Market is expected to grow from an estimated USD 0.3 billion in 2023 to USD 17.9 billion by 2030, at a CAGR of 72.9% according to a new report by MarketsandMarkets™. Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by …

Blue Ammonia Market: Increasing Efforts Toward Empowering Hydrogen Economy

Blue Ammonia Market

The global Blue Ammonia Market is expected to grow from an estimated USD 78 million in 2023 to USD 7,664 million by 2030, at a CAGR of 62.3% according to a new report by MarketsandMarkets™.  Blue ammonia is a type of ammonia that is produced …

Grid-forming Inverter Market: Integrating Renewable Energy Sources into Electricity Grid

Grid-forming Inverter Market

The global Grid-forming Inverter Market is projected to reach USD 1,042 million in 2028 from USD 680 million in 2023 at a CAGR of 8.9% according to a new report by MarketsandMarkets™.  Grid-forming inverters actively regulate the grid’s frequency and voltage to ensure that it …

Green Ammonia Market: Opportunities in the Renewable Era

Green Ammonia Market

The global Green Ammonia Market is projected to reach USD 17.9 billion in 2030 from USD 0.3 billion in 2023 at a CAGR of 72.9% according to a new report by MarketsandMarkets™. The Green Ammonia Market has promising growth potential due to the rising deployment …

Electrolyzers Market to Show Massive Growth by 2028

Electrolyzers Market

The global Electrolyzers Market is projected to reach USD 23.6 billion in 2028 from USD 1.2 billion in 2023 at a CAGR of 80.3% according to a new report by MarketsandMarkets™. The Electrolyzers Market has promising growth potential due to the rising deployment of electrolyzers …

Nuclear Power Plant Equipment Market to Show Promising Growth in Near Future

Hydrogen Generation Market

The global Nuclear Power Plant Equipment Market is projected to reach USD 18.6 billion in 2027 from USD 15.7 billion in 2022 at a CAGR of 3.5% according to a new report by MarketsandMarkets™. The global Nuclear Power Plant Equipment Market is being pushed by …

Demand For Green Hydrogen to Drive Global Electrolyzers Market

Electrolyzers Market

An electrolyzer system utilizes electricity to break water molecules into hydrogen and oxygen. Through this process, the electrolyzer system produces hydrogen, and the leftover oxygen is released into the atmosphere or can be captured or stored to supply other industrial processes or even medical gases, …

GEOTHERMAL ENERGY—FUTURE PROSPECT FOR ALTERNATIVE SOURCE OF POWER

Geothermal Energy Market

The global energy demand mainly depends on fossil fuels. Over-dependence on fossil resources increases economic and environmental risks throughout the world. Also, in the present scenario of electricity production, it is difficult to meet the increasing demand. In this circumstance, the effective utilization of renewable …

Biorefinery Market Likely to Boost Future Growth by 2027

Biorefinery Market

The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to a new report by MarketsandMarkets™. New integrated biorefineries must be built in order to meet the expected growth …

Thermal Energy Storage Market to Show Tremendous Growth Driven by Rising Demand for Energy Storage Technologies

Thermal Energy Storage Market

The global Thermal Energy Storage Market size is projected to reach USD 369 million by 2025, at a CAGR of 14.4%, from an estimated USD 188 million in 2020. The growth of the thermal energy storage market is majorly driven by increasing demand for energy storage technologies, …

Energy as a Service Market: New Revenue Generation Streams for Utilities

Energy as a Service Market

The global Energy as a Service Market is expected to grow from USD 64.7 billion in 2022 to USD 105.6 billion by 2027, at a CAGR of 10.3%. Increasing distributed energy resources, new revenue generation streams for utilities, availability of federal and state tax benefits for energy-efficiency projects …