Latest Publications

The global Mining Machinery Market size was valued at USD 29 billion in 2023 and by 2030 it is projected to grow to USD 41 billion at a compound annual growth rate (CAGR) of 4.4%. Over the next few years, continuing digital mining progress is expected to change the main facets of mining. Increased investment is expected to trigger demand for mining equipment over the forecast peri . . .

The Global Facility Management Market is anticipated to grow from USD 47.8 billion in 2023 to USD 88.9 billion in 2030, with a CAGR of 12.9% during the forecast period. Facility Management involves overseeing and maintaining physical assets to ensure optimal functionality and efficiency. It includes various services such as maintenance, cleaning, security, and space management. By optimizing re . . .

The Global Energy Storage System Market size is expected to grow to USD 440.5 billion by 2030 from USD 205.5 billion in 2023. It will register a CAGR of 9% during the forecast period 2025-2030. The energy storage system is a device designed to store energy in several forms such as mechanical and electrochemical, enabling its flexible application as needed. These systems find applications in mee . . .

The residential energy storage market is expanding quickly and is anticipated to continue to do so in the years to come. From 2025 to 2030, the global residential energy storage systems market is anticipated to increase steadily at a CAGR of 22%, from USD 0.8 billion in 2023 to USD 2.38 billion in 2030. The drop in battery prices, regulatory assistance, and other financial incentive . . .

The Global Solar Energy Market was valued at USD 98.2 billion in 2023 and is estimated to grow during the forecast period with a strong CAGR of 16% to USD 310 billion by the end of 2030. Water scarcity worsens due to extensive use in all fields and global population growth, impacting energy production using water as a source. To counter this, solar energy emerges as a crucial solution, capturin . . .

The Global Photovoltaic Market Size is expected to reach USD 156.8 billion by 2030 from USD 97.6 billion in 2023. It is expected to register a CAGR of 10.5% during the forecast period.  The photovoltaic (PV) technology refers to the process of harnessing sunlight to produce electricity by using specific components like semiconductors. This process depends on the photovoltaic effect within . . .

The global battery storage power station market share is anticipated to grow at a 29.5% CAGR during the forecast period. It will reach USD 20.1 billion by 2030 from USD 4.1 billion in 2023. The battery-based energy storage systems market is expanding because of the rising demand for renewable energy sources, replacement of diesel generators with highly efficient batteries, and increased use of dis . . .

The Global Diesel Genset Market Size is expected to reach USD 35.67 billion by 2030 from USD 19.56 billion in 2023, thereby registering a 7% CAGR during the forecast period. A generator set or genset is a cost-effective device that transforms mechanical energy into electrical power for several electrical applications and is highly efficient and reliable. A generator set is made up of a motor and a . . .

The Global Offshore Wind Farms Market was worth USD 30.9 billion in 2023 and is expected to reach USD 58.8 billion by 2030 with a CAGR of 13.2% during the forecast period. Offshore wind farms imply the large-scale wind farms located in waterbodies such as seas and oceans. There are several wind turbines secured to the seabed, each with rotor blades. These turbines harness wind energy. The rotat . . .

A Battery Management System (BMS) is a crucial component in rechargeable battery technology as it monitors and controls the performance of individual cells within a battery pack. BMS ensures safe and efficient operation by overseeing parameters like voltage, current, temperature, and state of charge. It prevents overcharging or over-discharging, which can damage cells or lead to safety hazards. BM . . .