The need for using energy efficiently is increasing day-by-day, which can be ascribed to the surging population across the globe and inadequacy of existing energy resources to fulfill the needs of this population. In addition to this, because of excessive utilization of fossil fuels for generating energy the ozone layer has started depleting. Therefore, in addition to using efficiently, reducing carbon dioxide emissions is also crucial. Energy efficiency can effectively decrease the…

The increasing concern over the damage caused to the environment because of the large-scale usage of fossil fuels for power generation is one of the biggest factors contributing toward the development of mechanical energy storage systems all around the world. For instance, according to the International Energy Association (IEA), the world will need to increase the…

The food and beverage industry is growing at a rapid pace across the globe, mostly because of the changing habits of people. As the work pressure is increasing, people everywhere are looking for options that may provide them with instant solutions to their food-related problems. Owing to this, the demand for ready-to-eat and packaged food items has risen…

The International Renewable Energy Agency (IRENA) states that the installed capacity of solar photovoltaic (PV) power plants increased from 580,759 Megawatts (MW) in 2019 to 707,494 MW in 2020. Additionally, the installed capacity of solar thermal power plants surged from 6,374 MW in 2019 to 6,475 MW in 2020. These power plants harness energy from the sun and use it to…

From $13,773.0 million in 2019, the global diesel genset market is expected to reach a value of $21,929.9 million by 2030. According to the forecast of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 6.0% from 2020 to 2030 (forecast period). The expansion of the market is credited to the burgeoning need for stationary and…

With the exploding population, which is increasingly moving into cities, the demand for electricity is rising. Electricity is the fuel which drives the economic engine of every country around the world. Though the demand for energy is rising, its supply is not always consistent, due to occasional fault in the grid or its unreliability in general (especially in the developing and under-developed countries). In several places, such as railways, data centers, hospitals, and critical…

A number of factors such as the escalating need for electricity in remote areas, increasing number of government policies related to electricity generation, and rising need to replace the conventional energy generation methods with new variants will complement the flywheel energy storage market growth during the forecast period (2021–2030). According to P&S…

With the rapid technological advancements and digital transformation in various industries and niches, electronics devices are becoming more and more integral components of everyday lives. Moreover, the rising disposable income of people is massively pushing up the sales of various consumer electronics systems such as laptops, cell phones, and tablets. The burgeoning sales of these products are positively impacting the requirement for lithium air batteries. This is because these devices…