Transportation Battery Recycling Market Foreseen to Grow Exponentially Over 2030

 The transportation battery recycling market size was valued at $4.75 billion in 2021, and is estimated to reach $9.95 billion by 2030, growing at a CAGR of 8.2% from 2022 to 2030. Over the past ten years, the market for Electric Vehicles (EVs) increased dramatically, partly due to aggressive sales’ goals set globally. Lithium-ion batteries must be carefully discarded at end-of-life to maximize reuse and recycling, which necessitates an effective and secure system for its collection and transportation.

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However, some of the disadvantages of these batteries are they contain heavy metals such as mercury and lead which are among the dangerous substances. These batteries retain some of their charge, which raises possibility of an accidental discharge that might endanger or harm persons as well as nearby property. Large lithium-based batteries, like those used in automotive applications, may be mislabeled as lead-acid batteries by regional battery manufacturers. Due to these problems, state or federal governments restrict transportation and storage of used batteries.Additionally, some factors such as the accessibility with which raw materials for fresh batteries can be obtained, may reduce demand for recycled batteries. The wide variety and cheap cost of raw materials used in battery manufacturing, such as manganese, cobalt, nickel, and lithium, results in decreased battery manufacturing costs. The battery recycling procedure is costly, which may affect the final price of a recycled battery.

Developments such as manufacturing on a large scale, lower component prices, and adoption of technologies to boost battery capacity are factors leading to a decline in prices of lithium-ion batteries. For instance, in the U.S., Battery Resources is planning to open a 154,000-square-foot recycling facility in August 2022, which is expected to be among the largest in North America region. Moreover, it will have capacity to recycle 30,000 metric tons of lithium-ion batteries per year. These factors are anticipated improve the transportation battery recycling market share over the coming years.

The global transportation battery recycling market is segmented based on type, sources, and region. By type, it is classified into lithium-based battery, lead-acid battery, nickel-based battery, and others. By sources, it is classified into industrial batteries, automotive batteries, electronic appliances batteries, and others. By region, the transportation battery recycling market analysis is done across Europe, North America, Asia-Pacific, and LAMEA.

The key players profiled in this report include Call2Recycle, Inc., Battery Solutions, LLC, Exide Technologies, Umicore, Contemporary Amperex Technology Co., Limited, ENERSYS, GEM Co., Ltd., Johnson Controls, Fortum, and Aqua Metals, Inc.

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The report offers a comprehensive study of the global transportation battery recycling market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Transportation Battery Recycling Industry

- The COVID-19 pandemic has had a severe effect on a number of businesses, including the automotive industry. The pandemic has caused a sharp decrease in automotive sales. The need for recycling transportation batteries decreased significantly due to widespread usage of automotive batteries in the automotive industry.
- Due to quick spread of COVID-19, the establishment of new transportation battery recycling projects was hampered due to the global economic recession
- According to, National Center for Biotechnology Information (NCBI) it is a part of the U.S. National Library and is supported by the U.S. Government, French automakers will receive around $9 billion in recovery money, primarily to encourage adoption of electric vehicles. The EV manufacturing sector will receive around $5.6 billion from Germany's stimulus package.

Key Findings of the Study

- Based on type, the lithium-based battery sub-segment emerged as the global dominating leader in 2021 and the lead-acid battery sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
- Based on sources, the industrial batteries sub-segment emerged as the global dominating leader in 2021 and the automotive batteries sub-segment is predicted to show the fastest growth in the upcoming years, which in turn is projected to propell the transportation battery recycling market growth
- Based on region, the Europe market registered the highest market share in 2021 and is projected to maintain its dominant position during the forecast period. The Asia-Pacific region is anticipated to be the fastest growing market during the forecast period.
- The study also provides an in-depth analysis of the transportation battery recycling market forecast trends.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Solar Blanket Market Present Scenario and Growth Prospects 2021 - 2031

The solar blanket market size was valued at $132.4 million in 2021, and the solar blanket industry is estimated to reach $274.2 million by 2031, growing at a CAGR of 7.6% from 2022 to 2031. Solar blankets are portable power generators that are manufactured using flexible solar panels. It is available in three product types such as rectangle solar blankets, oval solar blankets, and round solar blankets. It is utilized to power the portable gadgets which are used in daily life by consumers and in the military sector by military personnel.

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Rectangle solar blankets are the most popular type of solar blanket. The utilization of solar blankets in residential and commercial buildings helps conserve energy. These blankets are also used to provide a warm environment for the people residing in the buildings, especially those living in cold environments. An oval solar blanket is a type of solar blanket that is designed to be more efficient in covering a larger area. It is usually rectangular in shape, with the two long sides being curved inward to form an oval. This design helps to maximize the amount of sunlight that can hit the blanket’s surface.

Oval-shaped solar panels are utilized as roof solar panels in university cafes and outdoor cafes to provide power to power to the electronic equipment present under the roof. In addition, oval-shaped solar blankets are quite popular for outdoor camping which provides huge space for rest and generate power that can be utilized during the evening hours. Round-shaped solar panels are utilized to power small electronic equipment which is widely used such as smartphones, outdoor camping equipment, and others.

Solar blankets have a wide range of applications in the industrial, commercial, automotive, aerospace, and others. The largest application of solar blanket is in industry, where it is used to power low-power electronic devices as they are embedded in buildings. The increase in the population and rapid industrialization has led to an increase in the investment towards the construction of various manufacturing facilities related to the automotive and aerospace industry which have a significant impact on the demand for power as most of the manufacturing plants are automized. Hence, the surge in the building integrated solar blankets are utilized to power the building. These solar blanket market trends are expected to boost the solar blanket market opportunities during the forecast period.

However, the presence of alternatives such as conventional solar panels which are portable has a negative impact on the development of the market. Furthermore, the risk of utilization of solar blankets in military operations and the presence of conventional battery packs to power devices will hamper the market growth in the military sector.

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The solar blanket market forecast is segmented on the basis of type, product type, application, and region. By type, the market is divided into amorphous silicon, cadmium telluride, copper indium gallium selenide, and others. The copper indium gallium selenide segment accounted for the largest market share in 2021, owing to its vital role in the expansion of solar photovoltaic capacity in unconventional areas.

By application, it is divided into industrial, residential, automotive, aerospace, and others. The industrial segment accounted for the largest revenue share in the global solar blanket market in 2021. The solar blanket has a wide spectrum of applications such as powering industrial buildings and some low-power machines during an emergency.

Region-wise, North America accounted for the largest market share in the market and is projected to grow at a CAGR of 7.1% during the forecast period. An increase in the investment of the government in the green military has benefited the global solar blanket market growth.

Key players in the solar blanket industry are Alta Devices, Enecom, Flisom, FWAVE Company Limited, SunPower Corporation, PowerFilm Solar Inc., Sunflare, Sungold, Flagsun, and Leslie's Inc. These players have adopted various strategies to gain a higher share or retain leading positions in the market.

Key Findings of the Study

- As per solar blanket market analysis, on the basis of type, the Copper Indium Gallium Selenide segment emerged as the global leader by acquiring more than 41.5% of the solar blanket market share in 2021, and is anticipated to continue this trend during the forecast period.
- On the basis of product type, the rectangle solar blanket segment accounted for 52.2% of the global market share in FY2021.
- On the basis of application, the industrial segment accounted for 31.5% of the global market share in FY2021.
- On the basis of region, North America is the major consumer of solar blankets among other regions. It accounted for around 36.8% of the global market share in 2021.

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IMPACT OF COVID-19 ON THE GLOBAL SOLAR BLANKET MARKET

The COVID-19 pandemic led to a decline in the demand for the solar blanket market due to a decline in the tourism industry across the globe. In addition, the decline in the transportation sector has had a significant impact on the aerospace and automotive industry which led to a decline in the demand for solar blankets. Furthermore, the outbreak of the pandemic has created awareness among the people regarding the advantages of the utilization of solar blankets to power portable electronic gadgets or on a large-scale power generation which has driven the growth of the global solar blanket market.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

David Correa
Allied Analytics LLP
+1-800-792-5285
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USB Wall Socket Market to Receive Overwhelming Hike in Revenues By 2031

 The USB wall charger (USB wall socket) refers to a universal power adapter that enables users to plug into multiple varieties of electrical sockets. A USB wall charger optimally delivers power requirements as much as the device needs. A USB wall charger is designed in a way so that it is compatible with a wide range of mobile devices such as Apple iPhones, iPad, Android phones, and laptops.

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This market is primarily driven by the increasing proliferation of smartphones across the world. The enhanced functionality in smartphones drains out battery too soon, which is propelling the demand for these chargers. Additionally, features associated with the USB wall chargers such as fast charging, compatibility, and multiple ports to charge several devices at the same time are further likely to boost the demand for the chargers during the forecast period. However, the presence of counterfeit products in the market is expected to hamper the USB wall socket market growth.

A USB wall charger of varying power level and ports are available in market. Key regulatory bodies have strict regulations to test the safety of sockets of the USB charger. As a result, manufacturers are focusing on producing chargers that adhere to safety standards which is expected to influence the consumer inclination toward USB wall socket products. Alongside, rising adoption of updated technology and increase in consumer spending capacity on electronic goods is expected to propel the demand for USB wall socket during the forecast period.

In Asia-Pacific, China is the largest exporter of the electronic appliances and USB wall socket products. India is a major importer of electronic appliances, furthermore, the presence of investments in regards to the construction of various electronic manufacturers and increasing demand for smart phones and smart wearable in this region will drive the demand for USB wall socket market. European Union government has taken initiatives to unify the USB charging standards for smartphone industry by 2024, which will have positive impact on the market. This initiative is taken in order to reduce the hassle for consumer and curb e-waste in regards with mobile and electronic gadgets chargers.

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The global USB wall socket market forecast is segmented on the basis of type, USB standard, application and region. On the basis of type, it is segmented into two USB ports, Four USB ports, and others. On the basis of USB standards, the market is segmented into Type-A, Type-B, and Type-C. On the basis of application, the market is segmented into residential, commercial and industrial. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest USB wall socket market share, followed by Europe and Asia-Pacific.

The major companies profiled in this report include Leviton, Legrand, Eaton, Hubbell, Jasco Products, Lutron Electronics, TopGreener, Newer Tech, Maxxima, Maxell Holdings Ltd., Mophie Inc., XXtreme Cables, BG Electrical, Accel, and Anker Technology Co. Limited. Due to rapid industrialization, urbanization and gradual increase in utilization of electronic gadgets in the daily life has led to increase in the demand for USB charger products. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in new technologies related to USB wall socket have led to attain key developments in the global USB wall socket market trends.

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

• North America would exhibit a CAGR of 4.8% during 2022-2031.
• As per global USB wall socket market analysis, by type, the two USB ports segment accounted for the largest share in 2021.
• By USB standards, Type-A was the leading segment in 2021.
• By application, the residential segment has the largest market share in 2021.

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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Power Plant Boiler Market Reflect Impressive Growth Rate to During 2031

 According to a new report published by Allied Market Research, titled, "Power Plant Boiler Market," The power plant boiler market size was valued at $19.0 billion in 2021, and power plant boiler industry is estimated to reach $31.1 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

A power plant boiler is a device that generates steam by heating water to produce electricity. The steam produced is then used to drive turbines that generate electricity. Power plant boilers are critical components of thermal power plants and are used to produce steam at high temperatures and pressures.

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The power plant boiler market is witnessing significant growth due to several driving factors that are influencing demand for these critical components in the power generation sector. The demand for electricity is growing rapidly around the world, driven by factors such as population growth, urbanization, and economic development. To meet this demand, there is a need for reliable and efficient power generation systems that can provide electricity to homes, businesses, and industries. Power plant boilers are a critical component of these systems, as they help generate steam that drive turbines to produce electricity.

Many power plants around the world are aging and in need of replacement. New power plants require modern and efficient power plant boilers that can help reduce greenhouse gas emissions and improve energy efficiency. The replacement of aging power plants is driving the demand for power plant boilers that are designed to meet these requirements. The abovementioned factors are projected to provide ample power plant boiler market opportunities. There are several restraining factors that are impacting the market in various ways. The increase in focus on renewable energy, high costs, stringent emission standards, volatility in fuel prices, and competition from alternative technologies are projected to impact the demand for power plant boiler market trends.

The demand for electricity is growing at a rapid pace, particularly in developing countries like India and China. The demand for electricity is expected to grow exponentially as these countries continue to industrialize and modernize their economies. This trend presents a significant opportunity for power plant boiler manufacturers, as there will be a growing need for new power generation systems to meet this demand. Governments around the world are increasing their investments in energy infrastructure, including power generation systems. These investments are being driven by the need to meet the growing demand for electricity, as well as by concerns over energy security and environmental sustainability. These investments present significant opportunities for power plant boiler manufacturers, as they will be required to help meet the demand for new power generation systems.

The global power plant boiler market forecast is segmented into fuel type, type, technology, and capacity. By fuel type, the market is divided into coal-fired boilers, gas-fired boilers, oil-fired boilers, and others. By type, the market is classified into pulverized boilers, circulating fluidized boilers, and others. By technology, the market is categorized into subcritical, supercritical, and ultra-supercritical. By capacity, the market is fragmented into less than 400 MW, 400-800 MW, and more than 800 MW. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By fuel type, the market is divided into coal-fired boilers, gas-fired boilers, oil-fired boilers, and others. The coal-fired boilers segment accounted for the largest revenue share in the global power plant boiler market in 2021.

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By type, the market is divided into the pulverized boiler, circulating fluidized boiler, and others. The pulverized boiler segment accounted for the largest revenue share in the global power plant boiler market in 2021.

On the basis of technology, the supercritical segment accounted for more than 60% of the power plant boiler market share in 2021 and is expected to maintain its dominance during the forecast period.

By capacity, the market is divided into less than 400 MW, 400-800 MW, and Above 800 MW. The less than 400 MW segment accounted for the largest revenue share in the global power plant boiler market in 2021.

Region-wise, Asia-Pacific accounted for the largest market share in the market and is projected to grow at a CAGR of 5.4% during the forecast period. The Asia-Pacific region has a large population base with rapidly developing countries, hence leading to the demand for electricity which boosts the demand for power plant boilers. Furthermore, ongoing infrastructure activities in the developed countries in this region will have a significant impact on the power plant boiler market. This is anticipated to provide lucrative opportunities for the power plant boiler market growth.

Key findings of the study

• As per power plant boiler market analysis, on the basis of fuel type, the coal-fired boiler segment emerged as the global leader by acquiring more than half of the power plant boiler market share in 2021 and is anticipated to continue this trend during the forecast period.
• On the basis of type, the pulverized boilers segment emerged as the global leader by acquiring highest share of the power plant boiler market in 2021 and is anticipated to continue this trend during the forecast period.
• On the basis of technology, the supercritical segment emerged as the global leader by acquiring more than three-fifths of the power plant boiler market share in 2021 and is anticipated to continue this trend during the forecast period.
• On the basis of capacity, the less than 400 MW segment emerged as the largest market share in 2021 which accounted for around two-fifths share and is anticipated to continue this trend during the forecast period.
• On the basis of region, Asia-Pacific is the major consumer of power plant boiler among other regions.

Impact of covid-19 on the global power plant boiler market

The decrease in energy demand resulted in a decrease in the demand for power plant boilers. Furthermore, the supply chain disruptions and labor shortages caused by the pandemic impacted the manufacturing and construction of power plant boilers. Project delays and cancellations due to the uncertain economic environment also led to a slowdown in market growth. The COVID-19 pandemic has had a short-term impact on the power plant boiler market, but the long-term outlook for the market remains positive.

The market post-pandemic period is driven by factors such as rising energy demand, increasing focus on reducing greenhouse gas emissions, and government initiatives promoting renewable energy sources. The adoption of digital technologies and the use of advanced materials in power plant boilers are expected to drive innovation and improve the efficiency of power plant operations. The power plant boiler market is expected to play a critical role in the global transition toward a more sustainable and energy-efficient future.

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Competitive Landscape

Key players in the power plant boilers industry are General Electric (GE), Siemens AG, Babcock & Wilcox Enterprises, Inc., Mitsubishi Hitachi Power Systems, Ltd., Doosan Heavy Industries & Construction Co., Ltd., Bharat Heavy Electricals Limited (BHEL), Alstom SA, Harbin Electric Corporation, Dongfang Electric Corporation Limited, and Kawasaki Heavy Industries, Ltd. These players have adopted various strategies to gain a higher share or retain leading positions in the market.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
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LNG Bunkering Market Growth, Trends, Opportunities, and Forecast to 2027

 The global LNG bunkering market size was valued at $0.38 billion in 2019 and is projected to reach $5.14 billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027. LNG is an attractive alternative fuel for seagoing vessels and inland vessels, as liquefied natural gas emits fewer polluting substances. LNG is a potential substitute according to IMO emission prerequisites, owing to its negligible sulfur content and low production of NOx contrary to fuel oil and marine diesel oil. LNG is clean burning fuel coupled with financial points of interest on a calorific value basis among other fuels.

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The rise in marine-borne trade has increased the demand for LNG as bunker fuel and LNG bunkering services. Furthermore, an increase in gas exploration and production activities in emerging gas regions drives the growth of the LNG bunkering market as many bunker fuel suppliers changed their focus of operation to these offshore resource sites. In addition, the IMO regulation on sulfur content in marine fuel has forced the shipping industry to focus on new alternatives such as LNG, which is less harmful to the marine environment, which in turn is anticipated to fuel the market growth in the upcoming years. Moreover, growth in opportunities for market players to expand the business of LNG bunkering in emerging economies such as India, Japan, South Korea, and China is expected to provide lucrative opportunities for the growth of the global LNG bunkering market, due to the exploration of untapped hydrocarbon reserves in these oil & gas emerging countries.

Depending on the product type, the ship-to-ship segment held the highest market share of around 60.5% in 2019 and is expected to maintain its dominance during the forecast period. This is due to the rise in the number of ships using LNG due to the need for cleaner fuel in compliance with stringent government regulations to minimize air pollution and preserve sustainability. In addition, due to advantages such as fast transfer operations and a high capacity of 700-7,500 tons, the ship-to-ship LNG bunkering segment is expected to witness substantial revenue growth during the forecast period.

On the basis of application, the cargo fleet segment holds the largest market share, in terms of revenue, and is expected to grow at a CAGR of 45.4%. This is owing to an increase in demand for cargo transportation through ships and a rise in trade-related agreements. In addition, the rise in the number of manufacturing units and factories in the region such as Asia-Pacific and LAMEA is anticipated to drive the growth of the LNG bunkering market for cargo shipping.

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On the basis of the region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe garnered the dominant share in 2019 and is anticipated to maintain this trend during the forecast period. This is attributed to numerous factors such as the presence of a huge consumer base and an increase in maritime trade activities in the region. Moreover, the rise in LNG bunkering infrastructure development activities in the European region is anticipated to contribute toward the growth of the LNG bunkering market in Europe.

The global LNG bunkering market analysis covers in-depth information on the major industry participants. The key players operating and profiled in the report include Broadview Energy Solutions B.V., Crowley Maritime Corporation, Gasum Oy, Harvey Gulf International Marine, Klaw LNG, Korea Gas Corporation, Polskie LNG S.A., Royal Dutch Shell Plc, SHV Energy, Total SE, PETRONAS, and Exxon Mobil Corporation.

Other players operating in the value chain of the global LNG bunkering industry are ENN Energy Holdings, Ltd., Statoil ASA, Gas Natural Fenosa, Eagle LNG, EVOL LNG, Fjord Line, and others.

COVID-19’s impact on the market

• The demand for marine fuel has decreased, owing to the COVID-19 pandemic across the world. According to the International Energy Agency (IEA), fuel oil demand for end uses including marine bunker, power generation, and industrial uses is expected to decline by 6.3% in 2020. Furthermore, as LNG and crude oil prices declined in the 2nd quarter of 2020, thus, the overall revenue of the bunkering industry is likely to diminish in the second quarter of 2020. Owing to the implementation of IMO-2020 in January, there is an increase in demand for very low sulfur fuel oil and its alternatives such as LNG, Methane, and others but with the supply chain disruptions, there will be ups and downs in the low sulfur bunker fuel sales throughout 2020. 
• It is expected that the demand for LNG bunker fuel in Singapore is expected to remain steady throughout 2020, owing to the shipowner’s optimistic attitude or faith toward the largest bunkering hub. Thus, all these factors collectively are antedated to result in sluggish growth of the global LNG bunkering market in 2020 and are likely to increase by the end of the first quarter of 2021.

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Key Findings Of The Study

• In 2019, the ship-to-ship segment accounted for around 60.5% of the share in the global LNG bunkering market and is expected to maintain its dominance throughout the forecast period.
• In 2019, the cargo fleet segment accounted for 24.8% market share in the year 2019 and is anticipated to grow at a rate of 25.1% in terms of revenue, increasing its share in the global LNG bunkering market.
• Container fleet is the fastest-growing application in the Asia-Pacific LNG bunkering market, expected to grow at a CAGR of 46.2% during 2020–2027.
• Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 45.9%, throughout the forecast period.
• In 2019, Europe dominated the global LNG bunkering market with more than 39.4% of the share, in terms of revenue.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
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Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
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Solar Landscape Lighting Market to Partake Significant Development During 2032

Solar energy in the form of renewable energy is used in solar landscape lighting products. Solar energy gets converted into electrical energy by photovoltaic cells. During night-time, the lamp starts automatically, and the electricity already stored in the battery gets consumed. The battery gets recharged during the daytime and the process keeps repeating every day. The solar landscape lighting market size was valued at $3.0 billion in 2022 and is estimated to reach $5.6 billion by 2032, exhibiting a CAGR of 7.0 % from 2023 to 2032.

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Solar landscape lighting products are made up of four main components: the solar photovoltaic (PV) panel, battery, control electronics, and the light fixture. Solar landscape lighting products can be customized with different features based on research and customer demand which is going to increase the solar landscape lighting market share in the decorative lighting industry. Solar lighting products come with several features and storing of energy which boosts the solar landscape lighting market trends in coming years.

Solar landscape lighting has many advantages, one mainly being it is a self-sustainable unit that helps lower the outdoor lighting expanse in the residential sector. The demand for decorative lighting products in developing countries creates solar landscape lighting market opportunities in the coming years. Solar landscape lighting is a sustainable and convenient lighting solution due to which commercial and industrial sectors have installed solar landscape lighting at intersections and other pedestrian locations.

In addition, solar landscape lighting assists in illuminating places with limited access to grid electricity. The surge in awareness and promotion of green energy solution usage is expected to drive the global solar landscape lighting market growth. The demand for solar landscape lighting has increased in residential projects as the product enhances property aesthetics, security, and safety of buildings & surrounding areas.

Solar landscape lighting is energy-saving, durable, affordable, safe, and eco-friendly, which is expected to drive its demand in smart buildings and residential projects. The products in the solar landscape lighting industry come with security and motion sensor features, which boost the demand for various security applications. Solar wall light products are waterproof and heat and cold-resistant, which boosts their demand in the residential segment. Solar wall light products can be used for security purposes as products can adjust their brightness automatically on rainy days and extend lighting time substantially.

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Solar motion sensor wall light is highly recommended for the application of security lights. The market for solar motion sensor wall lights is expected to experience growth during the forecast period as these products keep homes and businesses secure, reduce electricity costs, and contribute to a cleaner & greener environment. Solar motion sensor wall light product operates through three different modes, which include- light operation (on/off), dim mode & bright mode, and continuous dim mode, which help lower energy consumption.

The solar landscape lighting market forecast is segmented on the basis of type, panel type, solar power system, end-use, application, and region. On the basis of type, the market is classified into solar post lights, solar flood lights, solar lanterns, solar deck lights, solar wall lights, solar step lights, solar fence lights, solar walkways lights, solar porch lights, solar driveways lights, solar lawn lights, and others. On the basis of panel type, the market is divided into polycrystalline, monocrystalline, and amorphous. On the basis of solar power systems, the market is categorized into off-grid, on-grid, and hybrid. On the basis of end-user, the market is segregated into residential, commercial & industrial, and others. On the basis of application, the market is fragmented into lighting, decoration, and security. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of type, the solar post lights segment held a 20.6% share in terms of revenue and the segment is expected to grow at the highest CAGR of 7.6% from 2023 to 2032. Solar post lights products are inexpensive, low-power, and easy to use, and they lower the dependency on grid utility. The surge in preference for clean energy solutions in the residential sector and public infrastructure projects helps fuel the demand for solar post lights solutions in the solar landscape lighting market.

On the basis of panel type, the polycrystalline segment held a 50.2% share in terms of revenue and the segment is expected to grow at the highest CAGR of 7.3% from 2023 to 2032. Monocrystalline solar panels are widely accepted in small solar landscape lighting solutions. Monocrystalline solar panels are eco-friendly in nature and are inexpensive. It does not wear out in extreme weather situations, which increases its demand in the solar landscape lighting market.

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On the basis of solar power systems, the off-grid segment held a 74.2% share in terms of revenue and is expected to grow at a CAGR of 7.1% from 2023 to 2032. Off-grid systems avoid power outages, reduce electricity costs, and their ease of installation boosts its adoption in highway projects and garden lighting. The off-grid solution acts as an alternative power source for rural areas and highway streetlights, which increases its demand in the solar landscape lighting market.

Solar landscape lighting products reduce the cost of outdoor garden lighting while maintaining security and the visual appeal of the home. On the basis of application, the lighting segment held a 42.2% share in terms of revenue and is expected to grow at a CAGR of 7.5% from 2023 to 2032. Solar landscape lighting products are used for lighting purposes at a low cost. Solar landscape lighting products come with security features, which increases the demand for security applications also in the forecast period.

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Allied Analytics LLP
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Alkaline Battery Market to Receive Overwhelming Hike in Revenues By 2030

Presently, batteries are one of the essential and most used tools. The usage of batteries is observed in areas where regular power supply is not available and in applications that require lower voltage. Demand for electricity has been rising exponentially around the world and thus is expected to fuel market growth. In addition, the advantages and characteristics of alkaline batteries such as higher energy density, easy availability, and lower cost fuel the growth of the global alkaline battery market. Furthermore, the use of alkaline battery in various consumer electronics is expected to drive the growth of the market.

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The global Alkaline Battery market study depicts the current key trends, market analysis, competitors’ strategy, and impending market & technology forecast. Moreover, the study also embodies the revenue size, market extent, and growth prospects of the global Alkaline Battery market in terms of value and major trends at the regional level.

Segmental Outlook of the Market

The global Alkaline Battery market is classified on the basis of type, application, end-user, and region. Based on geography, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Spain, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The segmental study is provided (real-time and forecast) in both quantitative and qualitative facets. This aids the clients in identifying the most productive segment to keep on with investments, along with short-term acknowledgment of the operating enterprises and their key developmental undertakings.

The major players operating in the global Alkaline Battery market are examined to comprehend their competitive strength and position in the sector along with different data points, which take in the brief company overview, key officials of the company, current financials of the venture, major growth strategies incorporated by the respective enterprise, and new approaches or tactics undertaken by the firm to sustain and perk up their stand in the global Alkaline Battery market.

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Key segments covered:

By Type:

• Primary Battery
• Secondary Battery

By Size:

• AAA
• AA
• C
• D
• Others

By Application:

• Remote Control
• Consumer Electronics
• Household appliances
• Toys
• Others

By Region:

• North America  (U.S., Canada, Mexico)
• Europe  (France, Germany, Italy, Spain, the UK, Rest of Europe)
• Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
• LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)

Key Market Players:

GP Batteries (Hong Kong), Maxell (Japan), Nanfu (China), Duracell (Switzerland), PKCELL (China), Camelion (Germany), EVE Energy Co. Ltd. (China), Energizer Holdings (U.S.), Panasonic (Japan), Toshiba (Japan)

Covid-19 impact analysis:

The outbreak of COVID-19 affected the global economy severely and the Alkaline Battery market was also not an exception in this regard. The report includes the COVID-19 impact on the market along with the current stratagems, dynamic slants, lines, and tactics espoused by the major players in the sector.  It would further add up value to our clients by offering much-needed insights into the global spectrum of the market.  Apart from showcasing the impact instigated on the market share and size throughout the pandemic, especially during the initial phase, it also focuses on the key strategies implemented by the frontrunners during this crisis. Simultaneously, with the rollout of mass vaccination programs across the world, the market is expected to revive soon and the report also offers the post-COVID-19 impact on the global Alkaline Battery market.

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The Report Encompasses the Below Key Points-

• The segment that garners the major share in terms of revenue
• The industry players and the approaches adopted by them
• New tactics embraced by the players to carry through this pandemic
• Explicit analysis of the value chain

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
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Photocell Market Strategic Plan for Positive Growth 2031

Photocells are semiconductor devices used to transform light into electric current. P-type and n-type semiconductor materials can be deposited onto a silicon base or other substrate to formulate photocell (e.g., gallium arsenide, indium antimonide). Photocell or photoresistor is a sensor that changes its resistance when light shines on it. This technique generates current in a direct relationship with incident light intensity. It is widely used in gadgets, toys, and other electronic components. The photocell market size was valued at $2.3 billion in 2021, and is estimated to reach $3.6 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

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Photocells are used in automatic lights, automatic doors, aviation, meteorology, burglar alarm, smoke alarms, safety switch, light meters, and others, has fueled the demand for photocell market during the forecast period.

The automatic lights segment is expected to grow progressively with increase in highways & smarts cities and home automation demand from residential & commercial consumers across the globe. In addition, increase in demand for photocell from developing economies such as India, China, and Japan, has boosted the growth of market. In addition, presence of manufacturing facilities in the region fuels the growth of the market, globally.

However, poor economic performance, price-sensitive nature of consumers, and conventional practices in the material & equipment handling industry is anticipated to restrain the market. Inaccuracy of devices, affected by dust, smoke, & fog, entry of significant number of market participants, and rise in penetration of less power efficient sensors limit the growth of the global market.

On the contrary, the increased focus on integrating sensor solutions for applications and surge in R&D investments on advanced photocell technology across various industries are expected to offer major opportunities for the photocell market growth during the forecast period.

Depending on the type, the photoconductive cell segment registered the highest market share of about 43.3% in 2021, and is expected to maintain its dominance during the forecast period. This is attributed to a rise in demand for photoconductive cells from applications including automatic lights, automatic doors, burglar alarms, smoke alarms, and light meters. In addition, the rise in adoption of photo conductive cells used as they are small in size, however inexpensive and durable and as they are safe for the environment, which is further anticipated to boost the demand for photo conductive cells in the coming years.

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By material used, the crystalline silicon segment holds the largest share in terms of revenue and is expected to grow at a CAGR of 7.1% during the forecast period. This is attributed to the rise in demand for photocells from various types of applications, including automatic lights & automatic doors used in residential, commercial, and industrial settings. In addition, benefits associated with photocells such as high efficiency, high reliability, easy installation, easy availability, very low cost, and advanced creative systems are anticipated to fuel the growth of the photocell market from 2022 to 2031.

On the basis of application, the automatic light and aviation segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 7.2% during the forecast period. Rise in demand for highly efficient resistor is expected to drive the growth of this segment in the photocell market during the forecast period. In addition, advantages such as longer lifespan, utility cost saving, sustainability, lower operational cost, are anticipated to fuel the growth of the photocell market for automatic light and aviation segment and hence is expected to contribute toward the overall photocell market growth in the coming years.

Region-wise, the photocell market forecast is analyzed across four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered a dominant share in 2021, and is anticipated to maintain this dominance in the photocell market during the forecast period. This is attributed to presence of key players and huge consumer base in the region. In addition, rapid growth of the smart cities, rise in demand for power in remote operations, rise in awareness, and R&D toward detection and measurement light are the key factors expected to drive the growth of the photocell market in Asia-Pacific in the coming years.

The key players operating and profiled in the photocell market analysis include ABB, Ltd., Autonics Corporation, Banner Engineering Corp., Goodman Electric, Green Energy Technologies, Pepperl+Fuchs SE, REC Solar Holdings AS, Shenzhen Enbon Optoelectronic Co., Ltd., SICK AG, SELCO Solar Light Private Limited, Solarworld, TDC Power Products Co., Ltd., Unitech Combustion, Walnut Innovations, and Westire Technology Ltd.

Impact of COVID-19 outbreak on the market

The outbreak of COVID-19 has negatively impacted various industries and countries across the globe. Decrease in growth rate of the industries such as building & construction, transportation, manufacturing, and energy sectors has been witnessed, owing to the lockdown imposed, globally. The COVID-19 outbreak has affected the demand as well as manufacturing for global. Moreover, the upstream and downstream channels have been affected due to restrictions on movement, which lead to increase in the number of inventories. The COVID-19 pandemic has impacted delivery times for electric vehicle projects, which is consequently hindering the demand for batteries. The delay in projects is owing to labor shortages.

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Key findings

• By type, the photo voltaic cell segment accounted for about 43.3% of the share in the global photocell market in 2021, and is expected to maintain its dominance during the forecast period.
• By material used, the crystalline silicon segment accounted for 42.3% photocell market share in 2021, and is anticipated to grow at a rate of 5.3% in terms of revenue, increasing the global photocell market share
• By application, the aviation segment is the fastest-growing application segment in the global photocell market and is expected to grow at a CAGR of 5.3% during 2022–2031.
• Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 5.5%, during the forecast period.
• In 2021, Asia-Pacific dominated the photocell market with more than 39.1% of the share, in terms of revenue.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
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Distributed Energy Generation Market Projected to Garner Significant Revenues By 2030

 Distributed energy generation (DEG) systems generate electricity at or near where it will be used, such as solar panels and combined heat and power. Distributed energy generation can power a single structure, such as a home or company, or it can be part of a microgrid system, such as at a big industrial complex, military base, or university campus. Distributed energy generation can help support the delivery of clean, reliable power to more consumers and reduce electricity losses along transmission and distribution lines when connected to the electric utility's lower voltage distribution lines. The global distributed energy generation market size was valued at $246.4 billion in 2020, and is forecasted to reach $919.6 billion by 2030, growing at a CAGR of 14.2% from 2021 to 2030.

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Increase in government regulations and targets for reducing greenhouse gas (GHG) emissions boost the growth of the distributed energy generation market during the forecast period. Several states and municipal governments are developing policies to encourage increased deployment of renewable technology due to the obvious benefits of renewable technologies, such as energy security, resiliency, and carbon reductions. Increased R&D initiatives for the development of new technologies are also likely to drive distributed energy generation market growth. Moreover, traditional power generation techniques are expensive when compared with DEG systems. As a result, the demand for a clean source of energy, combined with the cheap cost of the products, is likely to boost market expansion during the forecast period.

The distributed energy generation market is segmented on the basis of technology, end-use industry, and region. By technology, the distributed energy generation market is segmented into micro-turbines, combustion turbines, micro-hydropower, reciprocating engines, fuel cells, wind turbines, solar PV and others. The fuel cells segment accounted for the largest share in 2020, while the solar PV segment is projected to grow at the highest CAGR of 18.1%.

By end-use industry of distributed energy generation, the market is divided into residential, commercial and industrial. The industrial segment accounted for the largest distributed energy generation market share in 2020, while the commercial segment is projected to be the fastest growing segment at a CAGR of 15.7%.

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Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region accounted for the largest share of the market in 2020 as well as was the fastest growing region.

The distributed energy generation market is consolidated in nature with a few players, such as Siemens, General Electric, Mitsubishi, Schneider, Caterpillar Power Plants, Doosan Fuel Cell America, Vestas Wind Systems A/S, Rolls-Royce Power Systems AG, Toyota Turbine and Systems Inc. and Capstone Turbine Corporation, which holds significant share of the market. These players have been adopting various strategies to gain higher share or to retain leading positions in the market.

Key Findings Of The Study

- On the basis of technology, the fuel cells segment emerged as the global leader by acquiring more than 35% of the market share in 2020, and is anticipated to continue this trend during the forecast period.
- On the basis of end use, the industrial segment accounted for 40% of the global market share in FY2020.
- On the basis of region, Asia-Pacific region is the major consumer of distributed energy generation among other regions. It accounted for around 39% of the global market share in 2020.

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Impact Of Covid-19 On The Global Distributed Energy Generation Market

- COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
- Some of the major economies suffering from the COVID-19 crisis include China, Germany, France, Italy, Spain, the UK, and Norway.
In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain of DEG goods. Demand for the product has been hindered as there is no development due to the lockdown.
- Government cutting down the subsidiaries on distributed energy generation due to COVID 19 pandemic.
- The demand–supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the industry during the COVID-19 pandemic.
- Due to a scarcity of resources in various parts of the world, the COVID-19 epidemic has impacted negatively on the manufacturing and industrial industries. The industry's top players are concerned about the market's prospects and are rethinking their strategies to meet the challenge.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

David Correa
Allied Analytics LLP
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Space-Based Solar Power Market to Register Unwavering Growth During To 2030

 The space-based solar power market size was valued at $425.7 million in 2020 and is projected to reach $902.2 million by 2030, growing at a CAGR of 7.8% from 2021 to 2030. Space-based solar power generation involves the use of a solar power generation system, which requires solar panels in space to produce solar power and transmit it to Earth using microwave and laser transmitting satellite systems. Multiple benefits have been associated with space-based solar power such as it helps in the generation of clean baseload electricity, does not emit nuclear radiation, and does not have cooling systems.

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Significant development of the end-use industries such as chemical, mining, manufacturing, construction, and automotive propel the demand for electricity, which, in turn, is expected to drive the growth of the space-based solar power market, globally. In addition, the surge in demand for power from space applications such as satellites and space vehicles notably contributes toward the growth of the market. However, the high cost associated with launching, maintenance, and installation of space-based solar power systems is the key factor hampering the growth of the global space-based solar power market.

Depending on the solar satellite type, the laser-transmitting solar satellite segment garnered the largest share of about 53.97% in 2020, and is expected to maintain its dominance during the forecast period. This is attributed to an increase in demand for space-based solar power systems for providing power for satellites during the eclipse, for orbital transfer vehicles, for solar arrays on the moon, and for electricity generation.

On the basis of application, the electricity generation segment holds the largest share, in terms of revenue, and is expected to continue this trend during the forecast period, owing to a rise in energy demand along with the cleaner generation of electricity across the globe.

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the largest share contributor in 2020 and is anticipated lead during the forecast period, due to an increase in investment & R&D toward space-based solar power and the presence of a large consumer base in the region.

In addition, China and India have emerged as key hubs for space missions and solar power generation, thereby propelling the growth of the Asia-Pacific space-based solar power market from 2021 to 2030. Moreover, a rise in awareness toward solar energy and its benefits in extracting solar power from space rather than earth-based solar power is expected to drive the growth of the market in Asia-Pacific.

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The global market analysis covers in-depth information on the major space-based solar power industry participants. The key players operating and profiled in the report include Airborne, Azur Space Solar Power GmbH, CESI SpA, Fralock Innovative Materials Manufacturing & Automation, Japan Aerospace Exploration Agency, Northrop Grumman Corporation, Solaero Technologies Corporation, Solaren Corporation, SpaceTech GmbH, and the Boeing Company. Other players in the value chain include Solar Space Technologies, Space Canada Corporation, DHV Technology, and others.

The key players are adopting numerous strategies such as product launches, agreements, and business expansion to stay competitive in the space-based solar power market.

For instance, in May 2021, Northrop Grumman Corporation signed an agreement with Airbus Defense and Space for the design, development, and produce 24 ship sets of solar arrays to support the OneSat satellite product line. The solar arrays will power the OneSat communication satellites in geosynchronous orbit.

In addition, in January 2021, Boeing signed an agreement with NASA to supply solar arrays for International Space Station (ISS). These new solar arrays will provide a power supply to orbiting laboratory. The installation of these solar arrays will begin in 2021.

COVID-19 Impact on the Market

The outbreak of COVID-19 has negatively impacted various industries and countries across the globe. Owing to the lockdown imposed, globally, a decrease has been witnessed in the growth rate of the construction & building, transportation, oil & gas, automotive, and energy sectors. This has further declined the need for electricity, which, in turn, has hampered the growth of the space-based solar power market in 2020. In Europe, the economies such as Germany, France, Spain, and, Italy are following stringent measures such as attaining social distancing and limiting movements to prevent the spread of coronavirus.

Moreover, R&D activities were on hold due to the shutdown of laboratories and incomplete funding. Thus, all these factors collectively are anticipated to result in sluggish growth of the global space-based solar power market in 2020. However, this situation is expected to improve as the government has started relaxing norms around the world for resuming business activities.

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Key Findings Of The Study

- In 2020, the microwave-transmitting solar satellite segment accounted for about 46.0% of the share in the global space-based solar power market and is expected to maintain its dominance during the forecast period.
- In 2020, the laser-transmitting solar satellite segment acquired a share of 53.97% in 2020 and is anticipated to register CAGR of 8.3% during the global space-based solar power market forecast period.
- The space applications segment is estimated to register the highest CAGR of 8.8% during 2021–2030.
- North America is expected to grow at a CAGR of 9.1% throughout the forecast period.
- In 2020, Asia-Pacific dominated the global space-based solar power market with more than 37.9% of the share, in terms of revenue.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

David Correa
Allied Analytics LLP
+ 1-800-792-5285
email us here