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Showing posts from June, 2022

Lithium Ion battery Market is estimated to be US$ 115.6 billion by 2030 with a CAGR of 12.5% during the forecast period

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Lithium metal is the third lightest element with low molecular weight, and it can effectively produce batteries with high capacity. In lithium ion batteries, lithium ions move from negative to positive electrodes during discharge and back when charging.  Lithium ion batteries  are used an intercalated lithium compound as one electrode material but in non-rechargeable lithium battery metallic lithium is used. Lithium ion batteries are the powerhouse for the digital electronic revolution because of high energy density, tiny memory effect and low self-discharge. Increased demand for smartphones and other electronics devices, as well as an increase in the number of electric cars, are some of the major drivers propelling the growth of the global lithium-ion battery market. It is also anticipated that the market growth will be enhanced by the implementation of strict government laws to reduce rising pollution levels. However, it is projected that the high cost of lithium-ion batteri...

Hydropower Market is estimated to be US$ 379.68 billion by 2030 with a CAGR of 6.1% during the forecast period

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Hydropower Market   accounted for US$ 209.90 billion in 2020 and is estimated to be US$ 379.68 billion by 2030 and is anticipated to register a CAGR of 6.1%. Hydropower is often referred to as hydroelectricity or hydro energy. Flowing water and spring runoff from mountain streams and lakes are used to generate hydropower. Turbines and generators that produce power can be turned by high-speed flowing water. The capacity of hydropower facilities to create energy is around 30 MW. The capacity of a small hydropower plant is typically between 100 KW and 30 MW. The report "Global Hydropower Market, By Type (Mini, Micro and Pico-Hydro Plants, Small, and Large), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast Till 2029’’ Key Highlights: In September 2021, The Hydropower Sustainability Council (HSC) has launched an ESG performance benchmark to increase transparency in the industry and offer investors more...