Connect with us

Technology

Sustainable energy products & technology market: A high potential market with growth expected to exceed 25% by 2030 – Horizon Databook by Grand View Research

Published

on

SAN FRANCISCO, July 4, 2024 /PRNewswire/ — Growing intervention by governments and climate agencies across the globe to adopt clean and low carbon fuel for automotive and industrial applications has been a key driving factor for the growth of renewable energy market, a trend that is expected to continue over the forecast year. The global renewable energy market was valued at US$ 1,060.5 billion in 2022 and is likely to grow at a CAGR of 16.5% from 2023 to 2030 as reported in Horizon Databook by Grand View Research.

Rise in the adoption of EVs (electric vehicles) coupled with increasing penetration of solar and wind power in accordance with targets of achieving NetZero is expected to play a crucial role in substituting fossil fuel-based energy sources over the next couple of decades. Demand for batteries, primarily for EVs, has seen exponential growth since the last decade and is expected to continue over the forecast period.

Horizon has a wide array of renewable energy topics within its database. Listed below are the top 10 trending sustainable energy products & technology:

Solar power is most penetrative renewable energy source and with partially and fully tropical countries of Asia Pacific and Africa’s increasing investment into solar power it’s well ahead of other energy sources. The global solar PV modules market is expected to reach US$ 287.13 billion by 2030.Electric vehicles are slowly taking over the IC engine-based vehicle and this trend is evident in the developed economies of North America and Europe. Emergence of EV as a front runner has created a huge supply-demand imbalances for the batteries used as power source. Lithium-ion battery is the first choice of EV manufacturers with demand topping the charts. The global lithium-ion battery market is expected to witness a CAGR of over 28.7% over the forecast period.Global electric vehicle (EV) battery recycling market is expected to witness surge of a massive 61.7% by 2030.Focus of governments to increase their renewable energy share in overall energy mix coupled with growing awareness towards recycling has led to the emergence of biomass power. The global demand for biomass power is expected to exceed US$ 200 billion by 2030Global waste management market is expected to grow at compounded annual growth rate of 5.5% over the next 6 years.Rise of water-borne diseases coupled with scarcity of water has been a major push for water treatment technologies. The global water and waste water treatment equipment market is expected to reach US$ 90 billion by 2030.Hydrogen is considered to the be fuel of the future and is expected to give a stiff competition to EVs in the automotive sector. The global hydrogen generation market is expected to grow at a CAGR of 9.3% from 2024 to 2030Focus towards reducing GHG effect on the environment has led to surge in HVAC technology and products demand. The global HVAC systems market was valued at US$ 233.5 billion in 2023. The U.S. HVAC systems market is expected to witness a growth of 7.3% from 2024 to 2030.Outbreak of Covid-19 has been instrumental in resurgence of air purifiers. The global air purifier market is expected to reach US$ 25.58 billion by 2030.Insulation products have played a key role in energy saving. The global insulation market was valued at US$ 54.84 billion in 2023.

About Horizon Databook – The most extensive market research database

Horizon Databook is the largest market research database with over 1 million data points across 20,000+ markets. The platform is first-in-class and is designed to service a full suite of market research clients. It is a one, five solution platform and includes the following: 

Over 1 million market statistics: Global, regional and country (25+) statistics focusing on revenue, volume and growth spanning across a timeline of 10 years form the core of this platform.The platform hosts over 25,000 market reports ready to be downloaded or viewed online in an HTML format. These reports are a comprehensive analysis of a market and cover everything from market statistics, drivers and restraints to detailed company analyses.5 million+ companies: Detailed financial performance, deals and latest news are all an integral part of Horizon. We have partnered with industry pioneers to provide accurate and latest competitive data.

Sign up now for a free trial

Contact Info

201 Spear Street 1100,
San Francisco, CA, 94105, United States

+1-415-854-0727
horizon@grandviewresearch.com

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sustainable-energy-products–technology-market-a-high-potential-market-with-growth-expected-to-exceed-25-by-2030–horizon-databook-by-grand-view-research-302189536.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

Published

on

By

SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:

One Map for Intelligent O&M: Zero Management Concerns

Huawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.

One Network for Diverse Computing: Zero Service Interruptions

The Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.

One Platform for Simplified Deployment: Zero Configuration Errors

By employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.

Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/huawei-connect-2024–huawei-unveils-the-brand-new-xinghe-intelligent-fabric-solution-powering-the-ai-era-302254753.html

SOURCE Huawei

Continue Reading

Technology

Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

Published

on

By

NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cultivating-a-culture-of-peace-international-day-of-peace-statement-by-education-cannot-wait-executive-director-yasmine-sherif-302254413.html

SOURCE Education Cannot Wait

Continue Reading

Technology

Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

Published

on

By

BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/niutech-at-the-forefront-us-china-circular-economy-forum-tackles-white-pollution-302254665.html

SOURCE Niutech

Continue Reading

Trending