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Aryan Kumar's Blog – May 2022 Archive (2)

Booming Automotive Industry Driving Specialty Chemicals Industry Growth

The global specialty chemicals market value reached $639,935.8 million in 2019, and it is expected to surge to $980,423.7 million by 2030. Furthermore, the market will demonstrate a CAGR of 5.5% from 2020 to 2030, as per the estimates of the market research company, P&S Intelligence. The market is being propelled by the mushrooming requirement for these chemicals in the automobile,… Continue

Added by Aryan Kumar on May 12, 2022 at 4:59am — No Comments

Rising Shift Toward Renewable Energy Propelling Virtual Power Plant Creation Worldwide

According to the International Energy Outlook 2019 published by the U.S. Energy Information Administration (EIA), renewable energy sources will generate 49% of global electricity by 2050. In the coming years, the expanding capacity of renewable power plants will augment the need for centralized infrastructure to facilitate the continuous flow of electricity. This will, therefore, accelerate the development of virtual power plants (VPPs) to integrate the newly installed renewable energy power… Continue

Added by Aryan Kumar on May 3, 2022 at 1:39am — No Comments

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