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Battery Storage Inverter Market to be dominated by Utility Segment reaching 5.51 Bn by 2030 – Says Stellar Market Research

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PUNE, India, July 30, 2024 /PRNewswire/ — The Global Battery Storage Inverter market is expected to grow from USD 2.9 billion in 2023 to USD 5.51 billion by 2030, at a CAGR of 9 % according to Stellar Market Research. Increasing integration of renewable energy sources into the grid propels the demand for advanced battery storage inverters. Governments and private entities are investing heavily in solar and wind projects. This trend receives further support from initiatives aimed at reducing carbon footprints and transitioning toward sustainable energy models, driving innovation and deployment in the battery storage inverter sector.

 Global Battery Storage Inverter Market 2023-2030: Key Highlights:

Market Size in 2023

USD 2.9 Bn

Market Size in 2030

USD 5.51 Bn

CAGR

9 percent (2024-2030)

Forecast Period

2024-2030

Base Year

2023

Number of Pages

279

No. of Tables

124

No. of Charts and Figures

115

Segment Covered

By Type, and End Use Industry

Regional Scope

North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage

Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF: https://www.stellarmr.com/report/req_sample/Battery-Storage-Inverter-Market/2128 

The Three-phase segment to dominate during the forecast period

The battery storage inverter market is being dominated by the three-phase segment due to its capacity to handle higher power loads and its superior efficiency in power distribution for commercial and industrial applications. Three-phase inverters play a crucial role in balancing loads, reducing energy losses, and ensuring stable and continuous power supply, which is particularly important for industries with heavy machinery and high energy consumption. The market for three-phase battery storage inverters is experiencing rapid growth, driven by the increasing adoption of renewable energy sources and the need for efficient energy management systems. For instance, in Germany, the Energiewende policy is promoting the adoption of renewable energy, leading to a surge in demand for three-phase inverters in solar and wind power plants. In the United States, the expansion of the electric vehicle (EV) market is fueling the demand for three-phase inverters in charging stations, which require robust power management systems to handle high charging loads. The increasing complexity and scale of energy storage projects necessitate the use of three-phase inverters, highlighting their dominance in the market.

Asia Pacific region to dominate the industry during the forecast period

The Asia Pacific region has experienced a significant rise in renewable energy installations, especially in solar photovoltaics, with China representing over 30% of the global solar capacity. The 4.7% annual increase in power consumption in China highlights the urgent need for effective energy storage systems. This growing energy demand is being addressed through the extensive adoption of battery storage inverters across utility-scale, commercial, and residential sectors, thereby driving the battery storage inverter market. Technological innovations in battery inverters, along with supportive government policies such as India’s National Solar Mission and Japan’s Strategic Energy Plan, have contributed to this market growth. Additionally, the rapid growth of electric vehicles (EVs) in nations like China, Japan, and South Korea is notable, with China alone having over 4.5 million EVs on the roads as of 2023, which calls for sophisticated energy storage solutions. In 2023, Japan achieved an energy storage capacity of around 13.5 GWh, reflecting the region’s dedication to energy storage. The Asia Pacific’s focus on smart grid technologies, with anticipated investments of $13.6 billion by 2026, emphasizes a strategic move towards enhancing grid stability and efficiency. These advancements highlight the region’s new role in battery inverter technology, creating a landscape where innovations in battery storage and power solutions are not only promoted but are also becoming essential components of the energy infrastructure.

Request for a Sample Report: https://www.stellarmr.com/report/req_sample/Battery-Storage-Inverter-Market/2128 

Key Players

SMA Solar Technology AG (Germany)GoodWe (China)Ingeteam (Spain)Enphase Energy (USA)SMA Solar Technology AG (Germany)Power Electronics (Spain)Sineng Electric (China)Others

Key Highlights:

Past Market Size and Competitive Landscape (2018 to 2022)Market Size, Share, Size & Forecast by Different Segment | 2024−2030Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by RegionMarket Segmentation – A detailed analysis by Type, End Use Industry, and RegionCompetitive Landscape – Profiles of selected key players by region in a strategic perspectiveCompetitive landscape – Market Leaders, Market Followers, Regional playerCompetitive benchmarking of key players by regionPESTLE AnalysisPORTER’s analysisValue chain and supply chain analysisLegal Aspects of business by regionLucrative business opportunities with SWOT analysisRecommendations

Browse for More Reports by Stellar Market Research: Energy & Power Reports & Consulting

Inverter Market size was valued at USD 19.10 Bn. in 2023 and is expected to reach USD 54.31 Bn. by 2030, at a CAGR of 16.1%.

Electric Vehicle Charging Infrastructure Market size was valued at US$ 20 Billion in 2023 and the revenue is expected to grow at 28% from 2024 to 2030, reaching nearly US$ 112.59 Billion.

Portable Charger Market size was valued at USD 11.42 Bn. in 2023 and the Portable Charger revenue is expected to grow at a CAGR of 6.8% from 2024 to 2030, reaching nearly USD 18.10 Bn. by 2030.

Electric Vehicle Charging Infrastructure Market size was valued at US$ 20 Billion in 2023 and the revenue is expected to grow at 28% from 2024 to 2030, reaching nearly US$ 112.59 Billion.

Waste to Energy Market size was valued at USD 35.23 Bn. in 2023 and the total Global Waste to Energy Market revenue is expected to grow at a CAGR of 8.68% from 2024 to 2030, reaching nearly USD 63.11 Bn.

UPS Battery Market size was valued at US$ 955.78Mn. in 2023. Global UPS Battery Market is estimated to grow at a CAGR of 9.20% over the forecast period.

Power Tool Battery Market size was valued at US$ 26078.66 Mn. in 2023. Global Power Tool Battery Market is estimated to grow at a CAGR of 8.20% over the forecast period.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4,
Pinnacle Memories Fl. No. 3,
Pune, Maharashtra, 411029
sales@stellarmr.com
 +91 9607365656
Follow us:
Linkedin | Twitter | Facebook | Instagram |

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Groundbreaking Very Large Sleep Study Reveals Unprecedented Insights into Sleep Patterns Across Age Groups

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SANTA CRUZ, Calif., Oct. 1, 2024 /PRNewswire/ — Fullpower-AI®, in collaboration with Stanford University and UCSF, is proud to announce the results of a landmark study presented at the recent European Sleep Conference in Seville, Spain. This study, leveraging the Sleeptracker-AI® platform, represents the largest-ever population-based assessment of sleep duration and architecture, analyzing over 7 million nights of sleep data.

Key Findings are: 

Sleep Duration: The study reveals a U-shaped distribution of sleep duration across age groups, with middle-aged adults sleeping less than both younger and older adults.Deep Sleep and REM Sleep: Deep and REM sleep percentages decline with age. Notably, individuals with sleep apnea (AHI > 5) experience significantly reduced deep sleep across all age groups.

Age-Specific Insights:

20-25-Year-Olds: Average sleep time is 431 minutes, with 15.9% deep sleep and 26% REM sleep.0-55-Year-Olds: Average sleep time is 413 minutes, with 14.3% deep sleep and 25.7% REM sleep.80-85-Year-Olds: Average sleep time is 420 minutes, with 13.1% deep sleep and 22.9% REM sleep.

“This study provides crucial baseline data for understanding sleep patterns across the lifespan and the impact of sleep disorders,” said Philippe Kahn, Founder and CEO of Fullpower-AI®. “It underscores the importance of the 7-hour sleep recommendation and highlights how conditions like sleep apnea can significantly impact sleep quality.”

The scale and depth of this research mark a significant advancement in sleep science. These findings may shape future research and clinical practice in sleep medicine.

For more information about the study or to access detailed data, please visit sleeptracker.com.

About Fullpower-AI®

Fullpower-AI® designs, develops, and operates the Sleeptracker-AI® platform worldwide, targeting clinical trials and medical practitioners. Integrated into market-leading Tempur-Pedic smart beds, our platform offers clinical-grade accuracy comparable to gold-standard PSG.

For further details or media inquiries, contact busdev@fullpower.com

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SOURCE Fullpower

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Byggfakta Group becomes Hubexo and announces new leadership structure

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New name reflects Hubexo’s position at the center of the global construction sector.New leadership and brand structure will drive innovation and growth.Product brands remain unchanged with a refreshed identity.

STOCKHOLM, Oct. 2, 2024 /PRNewswire/ — Byggfakta Group, the parent company behind several market-leading construction data and information brands, including BCI, NBS, and Vortal, today announced that it has changed its name to Hubexo. This new identity heralds the start of a global rebranding and restructuring project to position the company as a dynamic and forward-thinking leader in the construction data and technology sector.

A new company website (www.hubexo.com) launches today. The name change only affects the parent company, although brands within the group will receive new visual identities to build a stronger link to the Hubexo brand. Customer-facing products maintain their existing names.

“The built environment shapes how we live, work, and play, and our new name reflects our commitment to connecting and shaping the global construction industry with our vital data and insights,” said Dario Aganovic, Chief Executive Officer. “We are building on almost 100 years of construction expertise, and now as Hubexo we’re unifying our global brands to drive innovation, empower our customers, and guide the construction sector into a sustainable future.” 

To reinforce its global ambitions, the Hubexo leadership team has been restructured to streamline operations and enhance innovation. The company has also appointed regional Presidents to oversee commercial operations in APAC, Northeast Europe, West Europe, UK & Ireland, and North America.

“Our new leadership structure allows us to sharpen our focus on innovation, collaboration, and customer success,” said Aganovic. “We’re creating an agile and united leadership that will deliver even better products for our customers and create a rewarding environment where our 2,500 colleagues around the world can thrive.”

The full Hubexo executive team now includes:

Dario Aganovic, Chief Executive OfficerFredrik Lundqvist, Chief Financial OfficerJoakim Percival, Chief Product OfficerLars Ryding, Chief Operating OfficerMiguel Sobral, Chief Strategy OfficerLindi Teate, Chief People OfficerAshleigh Porter, President, APACKyle Camp, President, North AmericaThomas Bejer-Andersen, President, Northeast EuropeJoanne Keit, President, UK & IrelandDario Aganovic, President, West Europe (Interim)

Hubexo will focus on its core construction data business, while the company’s non-construction operations, such as media and healthcare, will be spun out into a new entity led by Max Lagerstedt, former CEO Nordics, Byggfakta Group. Aganovic will serve as Chair.

The rebranding initiative is expected to be completed by Q2 2025, with updates to the group’s visual identity and brand communications in line with Hubexo’s vision. The Byggfakta Group website will redirect to Hubexo.com, where stakeholders can learn more about the new brand direction.

Notes for editors:

About Hubexo:
Hubexo, formerly Byggfakta Group, provides cutting-edge data, insights, and software solutions to the global construction industry. Founded in Sweden in 1936, Hubexo specializes in project information, eTendering, product information, market intelligence, and specification.  

With operations in more than 20 countries and a workforce of 2,500 employees, Hubexo helps its customers sell more efficiently, build sustainably, and lead the future of construction innovation.

Hubexo is owned by a private equity consortium of Stirling Square Capital Partners, TA Associates and Macquarie Capital. Dario Aganovic was appointed CEO in 2022.

For more information, visit: www.hubexo.com

Press contact: 

Hubexo Press Office
markst.andrew@hubexo.com
+44 7983 645 704

Logo – https://mma.prnewswire.com/media/2518252/Hubexo_Logo.jpg

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Ampace will showcase its star product PU100 at the 2024 Asian Data Center Exhibition

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—— PU100, Protecting the Digital and Intelligent World

SINGAPORE, Sept. 30, 2024 /PRNewswire/ — With the widespread application of technologies such as cloud computing, big data, and artificial intelligence, the data center industry is experiencing unprecedented rapid development. Ampace has deeply analyzed the scenarios of computing and power demand, innovatively developed the star PU series products, which will be showcased at the largest data center event in Asia from October 9 -10th, 2024 – the Singapore DCW Asia Data Center Exhibition. (Booth D15)

The PU series embody “high security, strong performance, easy maintenance, and high cost-effectiveness”. Leveraging Ampace’s leading technical capabilities, they significantly enhance energy utilization, reduce operation costs, ensures data security and stable operation, while promoting environmental friendliness and sustainable development, redefining the new standards of the digital intelligence world.

“Ultimate safety” is the unwavering philosophy of Ampace. Since the launch the PU series products, they have maintained a record of zero safety incidents. Underpinned by the core belief that “safety is the bottom line, moreover, it is the red line”. By establishing a three-layer safety defense from material genes to system architecture, it achieves a PPB-level safety standard.

At this exhibition, Ampace’s Chief Security Expert Dr. Zhu will share insights on “ESS Product Safety Design”, conveying the safety philosophy and practices throughout the product lifecycle.

Ampace is committed to providing global users with safe, reliable, intelligent, efficient, and green new energy product applications and services. This marks Ampace’s first appearance at DCW, demonstrating a deep commitment to the Asia-Pacific data center market. Ampace looks forward to engaging with global industry elites, exchanging cutting-edge experiences, exploring cooperation potential, and working together to inject strong momentum into the green transformation and sustainable development of the data center industry.

Ampace Technology Limited (hereinafter referred to as “Ampace”) stands as a globally acclaimed innovator in new energy technologies, committed to delivering green energy solutions with ultimate user experience to forge the world ahead and empower a better life. The company is known with world class R&D and manufacturing of a complete chain Li ion battery products from “Cell-Battery Pack-System Integration”, and has obtained of authoritative certifications.

In the realm of energy storage, e-mobility, power tools, vacuum cleaners, drones, and more, Ampace has established extensive strategic partnerships with industry leaders. The company is renowned for providing new energy products and services characterized by ultimate safety, reliability, performance, and user experience, serving over 41 million customers in 29 countries and regions worldwide.

To learn more, please visit the Ampace official website: https://www.ampacetech.com/en.

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SOURCE Ampace

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