Global Hydrogen Electrolyzer Market Accounted for US$ 346.9 Mn in 2022, Growing at a CAGR of 8.2% over the Forecast Period (2023 – 2031) A hydrogen electrolyzer is a device that uses electricity to split water (H2O) into its constituent elements: hydrogen (H2) and oxygen (O2). This process is called electrolysis, and it involves passing …
According to The Niche Research, Global Thermal Energy Storage Market is Anticipated to reach USD 22.6 Bn by 2031 Thermal energy storages are a critical component of the global energy landscape, playing a pivotal role in the storage, management, and utilization of thermal energy. These systems are designed to capture, store, and efficiently deploy thermal …
Global Solid Oxide Fuel Cell Market was valued at US$ 1.43 Billion in 2022, growing at an estimated CAGR of 29.8% from 2023-2031. The solid oxide fuel cell (SOFC) is an electrochemical device designed to efficiently convert the chemical energy stored in fuel into electrical power. It uses a solid oxide electrolyte to conduct oxygen …
Global Utility Communications Market was valued at US$ 20.2 Billion in 2022, growing at an estimated CAGR of 5.8% from 2023-2031. Utility communications involve the exchange of data and information within utility infrastructures, such as electricity, water, and gas networks. It enables real-time monitoring, control, and management, enhancing efficiency, reliability, and safety. Utility communications often …
Coal Gasification is a process where coal is converted into synthetic gas (syngas), primarily composed of hydrogen (H2) and carbon monoxide (CO), by reacting it with oxygen and steam at high temperatures. Syngas can be used for electricity generation, chemical production, and as a feedstock for various industrial processes. In terms of revenue, the global …
Global Immersion Cooling Market Valued USD 239.8 Mn in 2022, with an Estimated CAGR of 22.5% (2023- 2031) Immersion cooling, also known as direct liquid cooling, is a data centre cooling method that is used to cool various data centre components, such as whole servers and storage devices. For immersion cooling, various components are immersed …
Global Hydrogen Infrastructure Market was Valued at USD 4.9 Bn in 2022, Anticipated to Reach USD 13.2 Billion by 2031, Growing at an Estimated CAGR of 10% from 2023- 2031 Due to the growing worldwide interest in clean and sustainable energy solutions, the global hydrogen infrastructure market is witnessing tremendous expansion and attention. In recent …
Global Power-to-X (P2X) Market was Valued at USD 315.6 Mn in 2022, with an Estimated CAGR of 10.6% from 2023- 2031. Power-to-X (sometimes termed PtX or P2X) refers to technologies that convert power into carbon-neutral synthetic fuels such as hydrogen, synthetic natural gas, liquid fuels, or chemicals. These can be employed in difficult-to-decarbonize sectors or, …
Global Microgrid Market Valued USD 13 Bn in 2022, with an Estimated CAGR of 19.08% (2023- 2031) A microgrid is a collection of linked loads and dispersed energy resources that operate as a single controlled entity in relation to the grid. It can connect to and disengage from the grid, allowing it to function in …
A PV Micro Inverter, or photovoltaic microinverter, is a device used in solar power systems. It’s connected to individual solar panels and converts the DC (direct current) electricity generated by each panel into AC (alternating current) electricity. This improves system efficiency, as each panel operates independently, minimizing losses due to shading or panel variations, and …
