Nuclear Decommissioning Services Growth Captures Majority of Market

August 20, 2020 - The global nuclear decommissioning services market size is expected to be valued at USD 8.90 billion by 2025, exhibiting a 6.8% CAGR during the forecast period. Global nuclear phase out and rising support from governments post nuclear accidents are among major factors expected to fuel market growth over the years to come.

Rise in public safety concerns due to hazardous consequences of nuclear accidents is set to actuate market demand over the coming years. In addition, increasing sustainability concerns are likely to positively impact market growth. The transitioning trend toward renewable energy thanks to various government initiatives and regulations is also projected to promote nuclear decommissioning services over the forecast period.

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With extensive research and development underway, various novel decommissioning technologies to enable efficient dismantling of nuclear facilities have been developed. Furthermore, in order to enable sustainable development, government authorities are providing various incentives and support schemes for efficient dismantling of nuclear plants.

Based on reactor type, pressurized water reactors (PWR) grabbed the maximum share in the global market in 2016 and this trend is expected to continue over the forecast period. Increasing demand for PWRs due to their ease of operation and stability will also allow the segment to register a strong growth rate from 2017 to 2025. On the basis of decommissioning strategy, immediate dismantling is expected to account for the largest share in the market by 2025.

Europe has emerged as the leading region owing to increasing shut down of nuclear facilities in various countries such as Germany, U.K., France, and Lithuania. Presence of stringent government regulations in Europe to regulate dismantling processes is anticipated to propel market growth. Technological advancements and government support to phase out nuclear plants are likely to fuel the market in North America. Countries like U.S., Germany, Japan, and South Korea are rapidly developing markets for nuclear decommissioning services.

Further key findings from the report suggest:

• The market is likely to register a CAGR of 6.8%, in terms of value, from 2017 to 2025 on account of growing environmental concerns and promotion of renewable energy as against conventional sources of energy.

• By type of reactor, the PWR segment is expected to exhibit the highest CAGR from 2017 to 2025 owing to high preference for these reactors

• Europe was valued at USD 2.29 billion in 2016 and is expected to witness significant nuclear decommissioning in future, with Germany and U.K. as major markets

• Key market players include Orano Group; Babcock International Group PLC; Westinghouse Electric Company LLC; AECOM Group; Studsvik AB; Bechtel Group Inc.; GE Hitachi Nuclear Energy; and Magnox Ltd. These companies mainly focus on innovation to improve service quality and meet global demand.

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Global Dye-sensitized Solar Cells (DSSC) Market Analysis with Top Companies, Production, Consumption, Price and Growth Rate to 2026

March 23, 2020 - In this report, it offers a comprehensive analysis of key market trends in the global Dye-sensitized Solar Cells (DSSC) market. It also includes discussion on historical trends, current market status, competitive landscape, growth opportunities and challenges which are backed by factful feedbacks. The report extensively provides quantitative analysis of the industry from 2014-2026,by Region, Type, Application. 

Consumption assessment by application, production by type in different regions. Furthermore, the report quantifies the market share held by the major players of the industry and provides an in-depth view of the competitive landscape.

The market size in terms of revenue (USD) and production is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints). The worldwide market for Dye-sensitized Solar Cells (DSSC)market will reach xxx Million USD in 2020 and is expected to grow at a CAGR of xx% 2021-2026.

Geographically, global Dye-sensitized Solar Cells (DSSC) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including,

•    GRENE
•    OPV Tech
•    3G Solar
•    Fujikura
•    G24 Power
•    Nissha
•    Exeger
•    Oxford Photovoltaics
•    Solaronix
•    Peccell
•    SolarPrint
•    Dyesol
•    Solaris Nanosciences
•    Jintex
•    Everlight Chemical

On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into

•    TiO2
•    SnO2
•    ZnO
•    Nb2O
•    Others

For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Dye-sensitized Solar Cells (DSSC) for each application, including

•    Portable Charging
•    BIPV/BAPV
•    Embedded Electronics
•    Others

Production, consumption, revenue, market share and growth rate are the key targets for Dye-sensitized Solar Cells (DSSC) from 2014 to 2026 (forecast) in these regions

•    China
•    USA
•    Europe
•    Japan
•    Korea
•    India
•    Southeast Asia
•    South America

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Global Hydrogen Energy Market Size,Share, Growth Prospects, Key Opportunities, Trends and Forecasts to 2024

March 18, 2020 - Hydrogen energy is a source of energy recently tapped to become one of the accessible forms of alternative energy, like wind, water, and solar energy. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Hydrogen Energy Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

In this report, the global Hydrogen Energy market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024.

In-Depth research report on Hydrogen Energy market:   
https://www.radiantinsights.com/research/global-hydrogen-energy-market-research-report-2020-2024

The report firstly introduced the Hydrogen Energy basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

• Air Liquide (France)
• Linde (UK)
• Air Products and Chemicals (US)
• ITM Power (UK)
• Hydrogenics (Canada)
• Worthington Industries (US)
• Chart Industries (US)
• Hexagon Composites (Norway)
• FuelCell Energy (US)
• Nel Hydrogen (Norway)
• Plug Power (US)

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

• Liquid
• Gas
• Solid

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Hydrogen Energy for each application, including-

• Industrial
• Commercial
• Utilities

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Landfill Gas-to-Energy Market : Trend, Key Players, Competitive Status and New Entrants to 2025

November 27, 2018 - According to a report available on Radiant Insights, Inc.; the landfill gas-to-Energy (LFGE) market is expected to expand steadily by 2025. Factors such as rising demand for energy coupled with reduced cost of energy, increasing demand for clean energy, increasing investments, and strict regulatory policies regarding greenhouse emissions can propel the market over the forecast period (2018 to 2025). Government supportive waste management efforts and high availability of municipal solid waste is expected to create several opportunities in the market.

In-Depth research report on Landfill Gas-to-Energy Market : 

https://www.radiantinsights.com/research/global-landfill-gas-to-energy-lfge-industry-2018

Growing development of waste to energy technique will create the positive outlook for the market. LFG is directly used in electricity generation, infrared heaters, process heater and boiler dryers, leachate evaporation. Increasing demand for electricity is expected to drive the market during the forecast period. Various technologies such as reciprocating internal combustion engines, turbines, microturbines, and fuel cells are being employed to generate electricity, which is require for onsite usage or sale to grid. The reciprocating engine is highly adopted conversion technology for LFG electricity applications due to its better efficiency, low cost and varied size ranges that complement the gas output of many landfills. Microturbines are usually applied for small LFG volumes and niche applications. For large LEF energy projects gas turbines are preferred. In addition, cogeneration, also called as combined heat and power (CHP) projects uses LFG to generate both electricity and thermal energy.

However, the drop-in moisture level of LFG is the major concern for the market. Moisture level is crucial for bacteria to survive in order to complete decomposition of organic waste.

Worldwide landfill gas-to-Energy (LFGE) market can be segmented on the basis of type, application.

Based on type, the market can be classified into thermal technologies and biochemical reactions. As per application, the market can be split into power plant, heating plant, and other.

Geographically, the market can be divided into North America, Europe, Central and South America, Japan, China, India, Southeast Asia, and Middle East and Africa.

North America is expected to show significant growth over the forecast period. The U.S. is the major contributor in this region and likely to display high growth over the forecast period due to supportive government policies regarding tax incentives and increasing waste management initiatives.  As per the U.S. Environmental Protection Agency (EPA), the landfills rank as the third-largest human-generated source of methane emissions in the U.S.

In China, stringent government policies and increasing practice of integrated cogeneration technology for reducing carbon emission is likely to support the market growth in the coming years.

Europe is also expected to show substantial growth due to increasing concerns about environment. Germany is the major contributor in this region.

Middle East and Africa is expected to grow progressively owing to rapid growth in co-gen technology across off -grid remote areas. For instance, in 2016, the U.S. based ENER-G systems established an independent 11 MW landfill-gas- to- power project in South Africa.

Some of the leading companies operating in the market include Calabasas Landfill, China Everbright, Shanghai Environmental, Covanta Energy, and China Everbright.

For instance, MCE and Waste Management’s Redwood Landfill recently set a new landfill gas-to-energy plant in California. The plant is set to generate renewable electricity and likely to provide service to more than 5,000 MCE customers. This plant converts landfill gas, produced from decomposing organics, into clean electricity.

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The industry is highly consolidated in nature and is centered around five major players

The global gas turbine service market size is expected to reach USD 41.6 billion by 2025. The global market is anticipated to register a CAGR of 8.5% during the forecast period. Availability of natural gas in large quantities coupled with its relatively lower prices, especially in North America, China, and Thailand, has led to an increase in power generation using gas turbines. 

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The standby inspection (consist servicing of the relays cleaning, battery system, checking oil & water level and device calibration), running inspection, and combustion inspection (includes inspection of fuel nozzles and combustion liners) are the major maintenance and repair activities which are performed at different time interval, depending upon various factors such as operating hours, geographical condition, fuel, etc.

Growing focus on generating electricity through cleaner sources and discouragement of utilizing coal reserves are the factors anticipated to increase the share of gas turbines in the global energy mix. This, in turn, is expected to provide a favorable environment for the development of this market. One such strategy includes the recent orders passed by the current U.S. government to reverse the energy policies of the previous government and stop the war on coal, which is expected to boost the use of natural gas for energy production over the forecast period.

According to Diesel & Gas Turbine Worldwide, the total number of industrial gas turbines ordered in 2014 were 569 units, which increased to 581 in 2016. Of these, the total number of natural gas-fired industrial turbines, ranging from 30 MW to 120 MW, were 62 units in 2014 and reached 147 in 2016. Growth in industrial turbine installations across the globe is creating more opportunities for aftermarket services, which is building a favorable environment for the growth of gas turbine maintenance market.

Throughout their lifespan, the turbines undergo various inspections at different intervals. Combustor inspection (at 8,000-12,000 EOH), hot gas path inspection (at 24,000-50,000 EOH), and major inspection/overhaul (at 48,000-70,000 EOH) are some of the critical inspections that are essential for the reliable operation of gas turbines. Increasing utilization of gas turbines in resource extraction, processing applications, manufacturing facilities, and packaging plants is widening the product application scope, which is also projected to boost the aftermarket services for gas turbines. Increasing demand for the aftermarket services for gas turbine is projected to provide a substantial growth potential to the gas turbine service market.

Technological development in data collection methods is enabling players in this industry to form a constitutive model for materials. Test rig control helps in gathering and analyzing large volumes of data, thereby allowing players to create the most suitable maintenance plan and models for gas turbines.

Further key findings from the report suggest:

• The global gas turbine service market was valued at USD 23.9 billion in 2017. The market is projected to witness a CAGR of 8.5% during the forecast period

• The industry is highly consolidated in nature and is centered around five major players, which hold over 60% of the market

• Early defect detection through the use of software and the preventive maintenance results in substantial cost saving, which has increased the importance of service providers in gas turbine market

• Ease of maintenance and operation, higher efficiency, relatively lesser weight, and compatibility at offshore locations are some significant factors projected to drive the demand for <100 MW turbines

• The key players include GE Power, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd. (MHPS), Kawasaki Heavy Industries, Ltd., and MAN Diesel & Turbo SE.

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Global Synchrophasor Market Overview, Structure, Size and Landscape | 2018

This report studies the global Synchrophasor market status and forecast, categorizes the global Synchrophasor market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

A synchrophasor is a time-synchronized measurement of a quantity described by a phasor. Like a vector, a phasor has magnitude and phase information. Devices called phasor measurement units (PMU) measure voltage and current and with these measurements calculate parameters such as frequency and phase angle. It provides real-time data of the grid system to operators, helping them make decisions to prevent any power outage. The measurements obtained from synchrophasor are used to improve grid visualization, operational monitoring, power system control, stability monitoring, state estimation, and fault analysis. Each measurement taken by a synchrophasor is time-stamped according to a common time reference. This enables synchrophasor from different utilities to be combined and synchronized, which presents a comprehensive view of a regional interconnection.

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ABB, GE Grid Solutions and Siemens Energy captured the top three revenue share spots in the Synchrophasor market in 2016. ABB dominated with 19.77 % revenue share, followed by GE Grid Solutions with 17.39% revenue share and Siemens Energy with 13.84% revenue share.

In the next five years, the global consumption volume of Synchrophasor will show upwards tendency further, consumption volume is expected in 2022 will be 4521 Units. Especially, in some emergence countries, such as India and Brazil among others, the synchrophasor installation capacity will present an upwards growth rate in the future, because of the national policy and the PMUs' advantage than SCADA. The global average selling price will be around 74596 $/Unit in 2022.

The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

Despite the presence of competition problems and the high entry, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.

The global Synchrophasor market is valued at 96 million US$ in 2017 and will reach 440 million US$ by the end of 2025, growing at a CAGR of 24.4% during 2018-2025.

The major manufacturers covered in this report

•     ABB
•     GE Grid Solutions
•     Siemens Energy
•     State Grid Corporation of China
•     Beijing Sifang Automation
•     Schweitzer Engineering Laboratories
•     NR Electric
•     Arbiter Systems
•     Vizimax
•     Macrodyne

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering

•     North America
•     Europe
•     China
•     Japan
•     India
•     Southeast Asia
•     Other regions (Central & South America, Middle East & Africa)

 The study objectives of this report are:

• To analyze and study the global Synchrophasor capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025).

• Focuses on the key Synchrophasor manufacturers, to study the capacity, production, value, market share and development plans in future.

• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.

• To define, describe and forecast the market by type, application and region.

• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

• To identify significant trends and factors driving or inhibiting the market growth.

• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.

• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

• To strategically profile the key players and comprehensively analyze their growth strategies.

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Geothermal Turbines Market to Grow at a CAGR of 3.25% by 2022

Geothermal turbines are similar to steam turbines. However, in the case of geothermal turbines, the steam required to power the turbines is generated by the heat harnessed from the Earth's core and not from a fuel source. 

 

 
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The report analysts forecast the Global Geothermal Turbines Market to grow at a CAGR of 3.25% during the period 2018-2022.

Covered in this report :

The report covers the present scenario and the growth prospects of the global geothermal turbines market. To calculate the market size, the report considers the revenue generated from the adoption of flash steam system, dry steam system, binary system, and other technologies.

The market is divided into the following segments based on geography: 

• Americas
• APAC
• EMEA

Geothermal turbines market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Ansaldo Energia   
• Fuji Electric   
• Mitsubishi Heavy Industry   
• Ormat
• Toshiba   

Market driver

• Rising energy concerns
• For a full, detailed list, view our report

Market challenge

• High upfront costs and investment risks
• For a full, detailed list, view our report

Market trend

• High geothermal potential
• For a full, detailed list, view our report

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Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Wave and tidal energy market size is expected to reach $ 3.9 billion by 2025

The global wave and tidal energy market size is expected to reach USD 3.9 billion by 2025, exhibiting a 42.5% CAGR during the forecast period. Need to reduce dependency on fossil fuels, increasing investments, and supportive government regulations are likely to fuel market growth over the coming years.

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The renewable energy sector has witnessed significant expansion in terms of installations worldwide in 2016. The capacities in wind, marine, solar, waste-to-energy, small geothermal and hydro sources, and biomass combined added up to 138.5 GW in 2016, up from 127.5 GW in 2015. Investments in electricity generation through novel renewable sources was twice in comparison to fossil fuels.

Ocean energy is witnessing significant development in terms of new projects in various economies including U.K., Ireland, Sweden, Portugal, Thailand, India, Japan, China, Canada, and U.S., which is likely to fuel market growth over the coming years. However, high cost and socio-economic and environmental barriers are likely to restrain the development of the market over the forecast period.

Further key findings from the report suggest:

• The wave energy segment is likely to register significant growth in the coming years on account of extensive R&D and new project developments in numerous economies including Ireland, Sweden, Portugal, U.S., China, and New Zealand

• The tidal segment dominated the market on account of high technological know-how. However, environmental concerns related to the technology are likely to restrain its growth

• Asia Pacific is expected to be a lucrative market for the technology on account of supportive government initiatives

• The number of companies in the global wave and tidal energy market has registered an increase in recent years. These companies are constantly making significant efforts to advance their technologies and deploy novel and improved equipment

• R&D, new project developments, partnerships, and acquisitions are some of the major strategies being adopted by companies in the industry. In November 2016, BPS developed an ocean wave forecasting system for efficient operation of wave energy projects. This technology can also be used for fishing, aquaculture, diving, and oil and gas operations.
  

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LNG as a Bunker Fuel to Control Air Pollution

Growing environmental concerns and tough regulations are pushing the demand for LNG as a bunker fuel. Liquefied natural gas (LNG) is an environment-friendly and cost-effective fuel as compared to other fossil fuels such as oil and coal. It has less carbon content, which is likely to reduce the harmful sulfur oxide emissions from ships. Thus, it appears to be an effective alternative fuel for shipping transport in the future.

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Supply Agreements to promote LNG as a Bunker Fuel

Based on end-users, LNG as a bunker fuel can be segmented as in tankers, containerships, ferries, general cargo vessels, and other types of vessels. LNG as a gas has a large volume and requires more storage space than any other traditional fuel. So far, big size tanks are built in cargo ships to store gas as fuel. Demand for such tanks in other types of vessels is likely to increase in coming years. To cater to the demand, most manufacturing companies are working towards building better storage systems.

For instance, Shell Trading (US) has recently signed an agreement with Q-LNG Transport for an LNG bunker barge. This bunker barge can carry 4000 cubic meters of LNG fuel. It will support growing demand for LNG as a bunker fuel to marine customers. The bunker barge will be built and owned by Q-LNG Transport. The trading company has already signed deals with Carnival Cruises, Siem, and Sovcomflot to provide fuel for their vessels or ships.

Market Insights

Strict regulations to reduce sulfur oxide emissions from ships is likely to drive the global LNG as a bunker fuel market at a phenomenal CAGR during the forecast period (2017-2022), finds Grand View Research Inc.Influential properties possessed by LNG such as eco-friendly, reliability, and safety can contribute well to increase its demand in the market. Growing adoption of LNG as a bunker fuel by major container liner companies is likely to propel the market in coming years.

Some of the prominent players operating in the market include Harvey Gulf International Marine LLC.; GDF SUEZ S.A; Skangass AS; Korea Gas Corporation; and Gasnor AS.

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Charging Electric Vehicles with Wireless Power Transmission

Wireless power transmission (WPT) is a technique of transmitting power from one location/device to another without using electrical conducting media. Generally, this process involves a phenomenon known as electromagnetic induction. Other methods may include inductive and conductive technology, magnetic resistance, and laser or infrared-based power transmission and microwave (RF). Loss of energy during transmission is a major drawback of wired transmission technique. WPT, on the other hand, is more efficient, reliable, and less expensive. WPT technologies can be categorized into near-field technology and far-field technology.

Electric Vehicle Charging to Reduce Carbon Emission

WPT finds application in smartphones, tablets, notebooks, wearable electronics, other consumer electronics, industrial, and electric vehicle charging. Wireless charging is possible using inductive technology. Wireless charging provides greater convenience for consumers and enables safe charging in a risky environment where an electrical spark may cause an explosion.

It is also possibly the best solution for charging electric cars as well as hybrid cars. Many companies are set to provide complete wireless solution for electric cars and some have successfully completed trials.

For instance, Toshiba Corporation has conducted a successful trial run for electric bus charging using contactless chargers that work on magnetic resonance technology. This has been implemented with help from Waseda University. Test results concluded that CO2 emissions can be reduced by up to 60 per cent with this system. Rising need to reduce carbon emission will drive demand for electric charging systems in the near future.

Market Overview

According to a report available on Radiant Insights, Inc., the worldwide wireless power transmission (WPT) market is projected to witness momentous growth over the forecast period (2017 to 2022). Rising demand for reliable, effective, and cost-efficient charging systems is predicted to increase demand for WPT products in the coming years. However, high initial cost for implementing WPT and various issues related with connectivity of wireless devices are expected to pose a challenge to market growth.

Asia Pacific is predicted to be a key market over the forecast period due to a growing consumer electronics industry and a flourishing automobile sector.

Some of the leading companies operating in the market are Integrated Device Technology; Inc.; Energous Corporation; Texas Instruments Inc.; and Toshiba Corp.

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Modern Protective Workwear Technologies offer Better Protection at Workplace

Protective workwear is intended to protect personnel from chemicals, heat, biohazards, and other potent hazards in a work environment. Protective workwear includes protective goggles, clothes, footwear, and helmets among others. With many strict regulations imposed by government bodies across the globe, the demand for such workwear has increased in different sectors, right from construction to chemical and pharmaceutical labs. Many companies today focus on developing advanced protective workwear raw materials and technologies for enhanced worker safety.

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New Technologies for Enhanced Protection

By way of application, protective workwear is in demand in the oil and gas, healthcare, construction, manufacturing, and other industries. Although the oil and gas sector accounts for the dominant share in the overall market, demand for protective workwear is also noted in applications such as military and defense.

Invista’s Cordura brand has introduced a new range of technologies for protective fabrics. The new range of protective fabric technologies features superior-quality fabric for designing military equipment, protective garments or workwear, backpacks, footwear, etc. One of the company’s flagship products is an array of hi-vis laminate garments, which provides a new level of waterproofing and is extremely lightweight. These workwear items are available in fabric that weighs anything between 140 gsm and 220 gsm. The hi-vis workwear is said to be created with the help of 2/3 layer-laminated durable fabrics and can find application in rail and road building and in various emergency and security services.

Market Overview

As per the findings of a report available on Radiant Insights, Inc., the global protective workwear market is expected to grow at a healthy CAGR of nearly 5 % over the forecast period (from 2017 to 2021). Rising awareness about worker safety is a major factor responsible for the growth of this market. Strict laws imposed by governments across the world about worker safety are also anticipated to help boost the demand for protective workwear. In addition, rapidly developing building and construction sectors across the globe will also present immense opportunities for this market in future. Moreover, rising number of women employees in different sectors including mining, construction, manufacturing, and agriculture, is also projected to help generate high demand for protective workwear over the coming years.

Some of the major players in the global market are Lakeland Industries Inc.; W. L. Gore & Associates, Inc.; Kimberly-Clark Corp.; Alpha Pro Tech, Ltd.; The 3M Company; and E. I. du Pont de Nemours and Company.

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New Tech Provides Noncombustible & Faster-charging Batteries

A battery is made of one or more cells that create an electron flow in a circuit through chemical reactions. Batteries consist of three basic elements: a cathode (the ‘+’ part), an anode (the ‘-’ part), and an electrolyte (a material that can chemically react with the cathode and anode of the battery).

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All-Solid-State Cells for Faster-Charging Batteries

A team of experts at The University of Texas at Austin, led by the co-creator of lithium-ion battery, has developed all-solid-state battery cells that can provide longer-lasting, safer, and cheaper batteries for a range of applications. These applications include stationary energy storage, electric vehicles (EVs), and various handheld mobile devices like laptops and mobile phones. This latest breakthrough of all-solid-state battery cells provides a longer life to batteries with faster rates of charge/discharge and a high density of volumetric energy.

According to the developers, their innovation can provide solutions to many problems that are present in conventional batteries. These problems include life span, cost, rate of charge/discharge, safety, and energy density. The new battery cells make use of glass electrolytes, which allow usage of alkali-metal anode, thereby avoiding formation of dendrites. One of the major advantages is that cells created using this technology make use of environment-friendly raw materials, which also makes them cost-effective.

Industry Insights

As per a recent research report available on Radiant Insights, Inc., the battery market in China is expected to exhibit a high growth rate over the forecast period (from 2017 to 2022). Shifting preference of prominent auto assemblers in the region for local products is also likely to augment market growth during the next few years.

Some of the key companies in the battery market in China are Tianneng Power International Co., Ltd.; Shenzhen Newsmy Technology Co. Ltd.; Camel Group Co., Ltd.; DUOYI Electronics Co., Ltd.; and New Focus Auto Tech Holdings Ltd. (NFA). These key players focus on R&D of new, innovative, and cost-effective products and technologies to attract more customers.

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