#U.S. Lead Acid Battery Market Size

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Sun-Powered Solutions: Addressing Challenges and Opportunities in the Solar Vehicle Market

Solar Vehicle Market was valued at US$ 317.6 million in 2023 and is projected to reach US$ 1,838.2 million by 2031, growing at a CAGR of 24.95% from 2024 to 2031.

This comprehensive research study on the global Solar Vehicle market gives detailed insights into the sector, offering a detailed analysis of market trends, prominent drivers, and future growth prospects. In order to make wise business decisions, it gives readers an extensive understanding of the market environment. Furthermore, the report covers several aspects, such as estimated market sizing, strategies employed by leading companies, restraining factors, and challenges faced by market participants.

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Market Forecast and Trends

The report's precise market forecasts and identification of emerging trends will allow readers to foresee the industry’s future and outline their tactics for the following years accordingly. Understanding market trends can help in gaining a competitive edge and staying ahead in a fast-paced business environment.

Regional and Segment Analysis

The study on the global Solar Vehicle market will aid industry participants find high-growth regions and profitable market segments through region-specific and segment-by-segment analysis. This information helps in implementing better marketing strategies and product lineups to meet the preferences and needs of various target audiences. The major regions covered in this comprehensive analysis include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Investment and Expansion Opportunities

The research report supports strategic decision-making by revealing prospective areas for investment and business growth in the global Solar Vehicle market. This report is a great tool for finding markets that are foreseen to grow substantially for aiding readers who want to expand into new and untapped markets or launch new products.

Competitive Analysis

The research report comprises an in-depth competitive analysis, which profiles major market competitors and evaluates their tactics, weaknesses, and market shares. These key players employ top business strategies, such as partnerships, alliances, mergers, acquisitions, product innovations, and product development, to establish a competitive advantage. Industry participants may use this information to measure their business against rivals and develop winning strategies for distinguishing themselves in the market.

Why Buy This Report?

Obtain an in-depth understanding of market trends and growth catalysts.

Utilize precise market forecasts for informed decision-making.

Outperform competitors through extensive competitive analysis.

Identify and leverage profitable regional and segment prospects.

Strategically plan investments and expansions in the global Solar Vehicle market

The major manufacturers in the Solar Vehicle Market are:

Lightyear

Skoda Auto Volkswagen India Private Limited

Sono Motors GmbH

Daimler Truck AG

Aptera Motors Corp.

Fisker, Inc.

Hyundai Motor Company

Vayve Mobility

VENTURI

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The global Solar Vehicle Market is segmented as:

By Vehicle Type

Passenger Vehicles

Commercial Vehicles

By Electric Vehicle Type

BEV

HEV

PHEV

By Battery Type

Lithium-Ion

Lead Acid

Others

By Solar Panel

Monocrystalline

Polycrystalline

By Region

North America

U.S.

Canada

Mexico

Europe

France

UK

Spain

Germany

Italy

Russia

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Rest of Asia Pacific

Middle East & Africa

GCC

North Africa

South Africa

Rest of the Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America.

About Us: Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions. Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.

Contact Us Kings Research Phone: [phone] E-mail: [email protected] Website: https://www.kingsresearch.com Blog: https://www.kingsresearch.com/blog Follow Us: LinkedIn | Facebook | Twitter

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E-bikes Market To Reach $52.37 Billion By 2030 | CAGR: 14.5%

The global e-bikes market size is expected to reach USD 52.37 billion by 2030, expanding at a CAGR of 14.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Electric bikes are considered an eco-friendly and flexible mode of transportation. They are an ideal substitute for public transport, scooters, and smart cars as they help avoid traffic jams and achieve high speed with minimal effort. Moreover, they enable riders to maintain a healthy lifestyle through increased physical activity. These factors are contributing to the growth of the global market.

The declining consumer inclination toward cars owing to increased traffic on streets and growing urbanization is expected to offer lucrative growth opportunities for the market across the globe. Additionally, governments of several countries, including India, U.K., and Canada, are focused on developing infrastructures for bicycles owing to the growing consumer preferences for electric bikee-bikes. For instance, in 2017, Bikeep, a commercial bike parking systems and bike racks manufacturer, introduced a smart bicycle rack solution that offers electric bicycle charging. The solution is designed to cater to various popular electric bicycles.

Key players in the market are focused on strategies such as new product launch and geographic expansion to enhance their business operations and product offerings. For instance, in October 2020, Giant Manufacturing Co. Ltd. announced the launch of a full-composite trail bike, Trance X Advanced Pro 29. The bike is equipped with an updated Maestro rear suspension and flip-chip feature that permits riders to modify the frame geometry. Similarly, in October 2020, Pedego Electric Bikes opened a new store in Boca Raton, Florida. The store offers a full range of electric bikes for rental and sale, along with related accessories and services.

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E-bikes Market Report Highlights

The pedal-assisted segment is expected to dominate the market over the forecast period owing to the rising demand for pedal-assisted e-bikes among the youth and elderly population

The lead-acid battery segment dominated the market with a 55.2% market share in 2022, owing to benefits such as low cost and robustness. However, the share is anticipated to decline as a result of a significant rise in demand for Li-ion batteries

The Asia Pacific is expected to become the largest regional market over the forecast period owing to significant investments in the vehicle charging infrastructure and government subsidies for battery-powered vehicles

E-bikes Market Segmentation

Grand View Research has segmented the global e-bikes market based on propulsion type, battery type, power, application, and region:

E-bikes Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

Pedal-assisted

Throttle-assisted

E-bikes Battery Type Outlook (Revenue, USD Million, 2018 - 2030)

Lithium-ion Battery

Lead-acid Battery

E-bikes Power Outlook (Revenue, USD Million, 2018 - 2030)

Less than or equal to 250W

Above 250W

E-bikes Application Outlook (Revenue, USD Million, 2018 - 2030)

City/Urban

Trekking

Cargo

Others

E-bikes Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Europe

U.K.

Germany

France

Asia Pacific

China

Japan

India

Australia

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

Saudi Arabia

South Africa

UAE

List of Key Players in E-bikes Market

Accell Group N.V.

Aima Technology Group Co. Ltd.

Giant Manufacturing Co. Ltd.

Merida Industry Co., Ltd.

Pedego Electric Bikes

Pon.Bike

Rad Power Bikes Inc.

Trek Bicycle Corporation

Yadea Group Holdings Ltd.

Yamaha Motor Company

#E-bikes Market

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Solar Energy Storage Market to Perceive Substantial Growth During 2031

The solar energy storage market size was valued at $9.8 billion in 2021 and is estimated to reach $20.9 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031. Solar energy is stored in a battery by pumping solar energy into the battery to initiate a chemical reaction among the components of the battery and discharge the power as per requirement. It is made of lithium-ion or lead acid. It is rechargeable and can be generally used in solar cell systems to store excess energy. Some of the major installations of solar batteries include solar charging stations, storage for power plants, and storage systems for off-grid.

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Growing demand for sustainable energy storage solutions is the major factor driving the market growth. As governments across the globe are promoting sustainable energy sources, the demand for solar batteries is expected to increase over the projected timeframe.

However, the installments of solar energy storage systems in remote locations are difficult as they are difficult to reach. The remote locations usually include islands and off-grid remote locations, which face various challenges owing to variable generation and supply of power from renewable energy sources. Challenges may include natural calamity, temperature variation, and others. This may be anticipated to hinder the solar energy storage market growth

The rise in population, increase in disposable income, and growing residential activities have surged the demand for solar energy storage. The installation of solar batteries can effectively reduce the demand for coal, oil, and other imported fossil energy resources. Additionally, the implementation of solar battery storage systems will provide new employment, which can open new investment opportunities in the economy.

The Solar energy storage market analysis is segmented on the basis of type, installations, and region. By type, the market is segregated into lead-acid, lithium-ion, flow battery, and others. The lithium-ion type segment dominated the global market, in terms of revenue in 2021, with 44% of the total share. This is attributed to the fact that rise in industrialization, urbanization, and growing consumer demand for various electric-based devices, and vehicles, and the growing prominence of sustainable energy solutions.

By installation, the market is fragmented into on-grid and off-grid. On-grid installation segment dominated the global market, with 62% of the total share in 2021. This is attributed to the rise in urbanization, advancement in technology in the field of solar energy storage, and an increase in the number of installments of on-grid solar energy systems in both developed and developing economies such as the U.S., China, and India.

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Region-wise, the solar energy storage market forecast is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific solar energy storage market size is projected to grow at the highest CAGR during the forecast period, and account for 35% of the solar energy market share in 2021, owing to a rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero-emission norms has increased the demand for solar energy storage batteries, thus, several manufacturers have put more emphasis on increasing the production capacities for solar energy storage batteries in the region.

Key players operating in the global solar energy storage market ADARA POWER, BASF SE, BMW, EnerSys, Evonik Industries AG, KOKAM, Leclanché SA, LG CHEM, LG Electronics, MAXWELL TECHNOLOGIES, Owens Corning, PPG Industries, Inc., PRIMUS POWER, SAMSUNG, Siemens AG, Sumitomo Chemical Co., Ltd, and THE LUBRIZOL CORPORATION.

Impact of COVID-19 on the global solar energy storage market industry

Reduced expenditure of consumers during the lockdown highly impacted the market for solar products, including various solar energy storage systems. Moreover, the upstream and downstream channels have been affected due to restrictions on movement, which led to an increase in the amount of inventories. Furthermore, the high dependency on Chinese exports for solar cells, solar energy storage, and solar modules negatively impacted the market. India imports around 80% of its solar products from China. As the manufacturing firms in China were idle for the last 6-7 months, it highly impacted the production process in India.

However, shifting the trend toward remote working is considered a vital solution to improve market conditions. Various automation companies utilize remote connectivity to ensure access to field operators and service engineers who cannot be on-site at this time. In the 2nd quarter of COVID-19, approximately 20% of people preferred electric micro-mobility devices that are working on lithium-ion batteries.

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Key findings of the study

- In terms of type, the lithium-ion segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of % from 2022 to 2031. - In terms of installation, on grid segment is anticipated to register the highest CAGR of 8.2% during the forecast period. - By region, Europe garnered the highest share of 35% in 2021, in terms of revenue, growing at a CAGR of 8.6%.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Lead-acid battery Market Revolution: A Market Overview

Global Lead-acid Battery Market size & share is currently valued at and is anticipated to generate an estimated revenue of by according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust Compound Annual Growth Rate (CAGR) over the forecasted timeframe,. The latest study on Lead-acid Battery Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2032, has recently been added to our offering. It comprehensively analyzes the market and offers insights into the current market dynamics and future prospects of the industry. It identifies the growth drivers, restraints, and top developments influencing the Lead-acid Battery Market demand and growth. The study includes effective market segmentation to help businesses spot emerging trends and opportunities for long-term growth.

The report helps stakeholders gain crucial information about the key industry metrics, including market size, sales volume, revenue, top developments, and future outlooks. Besides, it provides a qualitative and quantitative analysis of key industry players, geographic regions, and share valuations across all regions worldwide. It’s a must-read for business people, stakeholders, consultants, or anyone currently involved or looking to foray into the market.

“According to the research report published by Polaris Market Research, the global lead-acid battery market was valued at USD 37.11 billion in 2021 and is expected to reach USD 56.56 billion by 2030, to grow at a CAGR of 5.0% during the forecast period.”

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Market Drivers and Restraints

The report includes all the key drivers that influence the demand in the market. They include economic indicators, company news, geopolitical events, industry trends and innovations, and more. All these market drivers are covered in detail to provide a better understanding of the industry. Besides, it identifies and examines all the major underlying forces that can impede the market growth over the forecast period.

Regional Analysis

The report sheds light on how the industry has grown worldwide and across various regions and sectors. This section of the report includes crucial data at the national as well as regional level by several market segments. Every region’s analysis includes the current market scenario, market drivers, and market outlook. Additionally, Lead-acid Battery Market size, growth rate, and demand forecasts are included for all regions.

Below are the major countries covered under each region:

North America: U.S., Canada

Europe: France, Germany, UK, Italy, Netherlands, Spain, Russia

Asia Pacific: Japan, China, India, Malaysia, Indonesia, South Korea

Latin America: Brazil, Mexico, Argentina

Middle East & Africa: Saudi Arabia, UAE, Israel, South Africa

Competitive Landscape

The study provides an in-depth analysis of the competitive landscape in the market. It provides an exhaustive list of all the Lead-acid Battery Market key players operating in the industry. Major developments like mergers, acquisitions, collaborations, and partnerships are covered to help businesses and stakeholders understand what they’re up against when competing for market share. Besides, the top strategies adopted by leading industry players are discussed in the report.

The top companies in the market are:

Major Key Players:

B. B. Battery Camel Group Co. Ltd.

C&D Technologies Inc.

Chaowei Power Holdings Limited.

Clarios

Crown Battery Corporation

East Penn Manufacturing Co.

Enersys

Exide Industries Ltd.

Furukawa Electric Co. Ltd.

GS Yuasa Corporation

Leoch International Technology Ltd.

Narada Power Source Co. Ltd.

Shandong Sacred Sun Power Sources Co. Ltd.

Yokohama Batteries Sdn. Bhd

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Key Highlights of the Report

An in-depth Lead-acid Battery Market analysis covering several aspects like current trends, major regions, product analysis, top segments, and major regions.

Examines the major industry trends, market estimates, and financial patterns influencing the market.

A thorough regional examination of all the major regions and sub-regions across the globe.

Provides an in-depth and all-scale supply chain analysis.

Offers a qualitative and quantitative analysis of the current market outlook and future industry prospects.

Investigates different market segments as indicated by product type, application, distribution channel, and region.

Includes key innovations and opportunities that can have a significant impact on the market over the forecast period.

The Report Answers Questions Such As

What is the current size of the Lead-acid Battery Market?

At what CAGR is the market expected to grow over the forecast period?

Who are the global key players in the industry?

What are the challenges and opportunities faced by vendors in the Lead-acid Battery Market?

Which segment may seek incremental growth prospects in the upcoming years?

What are the key market trends impacting the growth of the industry?

Which region is leading the market growth?

About Us:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

Contact Info: Polaris Market Research 30 Wall Street, 8th Floor, New York City, NY 10005, United States Phone:[phone] Email: [email protected]

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Golf Cart Battery Market Share, Trend & Growth Forecast to 2032

Golf Cart Battery Market is projected to cross USD 217.6 Million by 2032. The surging popularity of electric golf carts due to their efficient and durable battery requirements   to power their operations will drive the product demand. For instance, in November 2022, Indian EV battery maker Neuro Energy introduced Adler, a new electric golf cart range, powered by its lithium-ion batteries comprising GPRS tracker and remote assistance. Of late, electric golf carts are also equipped with medical equipment and firefighting gear to offer rapid response and assistance in large facilities, including stadiums and airports. The rising number of government initiatives for promoting the adoption of electric vehicles driven by the higher focus on environmental sustainability will also positively impact the market growth.

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The 12-volt battery voltage segment recorded over 15% of the golf cart battery industry revenue share in 2022 owing to their simplicity leading to lower manufacturing and maintenance costs. With long-standing popularity in the automotive and industrial sectors, 12-volt battery systems are witnessing widespread usage in golf carts to find and replace batteries and components. The ease of availability, cost-effectiveness and higher manufacturing rate offered by 12-volt lead-acid batteries will also drive the segment growth.

Demand for golf cart lead-acid batteries may reach over USD 94 million in revenue by the end of 2032 on account of the continuous demand for replacements. Lead-acid battery technology renders enhanced reliability and durability, adding to the longevity of golf cart batteries. On account of their inexpensiveness to manufacture and purchase, these batteries are practical choice for golf cart manufacturers and consumers. The minimal efforts incurred during basic maintenance tasks, such as cleaning terminals, checking water levels, and recharging will also influence the product adoption.

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Europe golf cart battery market size is estimated to cross USD 59.5 million by the end of 2032. The growth can be attributed to the presence of strong golfing culture in the U.K., Spain, Germany, France, and Sweden along with the consistent demand for golf cart batteries in these regions.  The rising support for sustainability and environmental responsibility in European countries has led to the rising shift towards environmentally friendly battery-powered electric golf carts, such as lithium-ion and advanced lead-acid batteries. The influx of advanced charging infrastructure will also boost the regional market growth.

Some of the leading golf cart battery industry players are Clarios, Continental Battery Systems, Crown Battery Manufacturing Co., Duracell Inc., East Penn Manufacturing Co., Inc., EnerSys, Exide Technologies, U.S. Battery Manufacturing Co., and Trojan Battery Company LLC. These firms are working on new product developments to meet the rising consumer demands. For instance, Trojan Battery Company, in January 2022, released its new lithium-ion golf battery, the Trojan GC2 48V to render fast-charging, durable, powerful, and maintenance-free benefits to golf cars owners.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Golf cart battery market 360º synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Battery type trends

2.5    Battery voltage trends

2.6    End-user trends

2.7    Sales channel trends

Chapter 3   Golf Cart Battery Market Industry Insights

3.1    Impact of COVID-19

3.2    Impact of the Russia-Ukraine war

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Technology & innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.8.1    Partnership/Collaboration

3.8.2    Merger/Acquisition

3.8.3    Investment

3.8.4    Battery type launch & innovation

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Increasing demand for golf carts

3.10.1.2    Government support for electric vehicles

3.10.1.3    Technological advancements in battery technology

3.10.1.4    Increasing adoption of lithium-ion batteries

3.10.1.5    Growing consumer interest in golf as a leisure activity

3.10.2    Industry pitfalls & challenges

3.10.2.1    High initial cost of golf cart batteries

3.10.2.2    Limited charging infrastructure

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: [phone] USA: [phone] Europe: [phone] APAC: [phone] Email: [email protected] 

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Outboard Engines Market key Vendors, Trends, Analysis, Segmentation, Forecast to 2023–2035

Research Nester’s recent market research analysis on “Outboard Engines Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global outboard engines market in terms of market segmentation by engine type, ignition type, power, fuel, application, and by region.

Growing Renovation Activities of Boats and Increasing Tourism Sector to Enhance Global Market Share of Outboard Engines

The global outboard engines market is estimated to grow majorly due to the increased boating activities worldwide. The rising standard of living of people and increase in the disposable income are together estimated to drive market growth in the coming years. The rise in the tourism sector with growing funds for the improvement of infrastructure of the tourist places is estimated to increase the demand for boat equipment which thereby propels the market growth. As of 2018, more than 800 thousand units of outboard engines were sold worldwide as per the estimations.

Further, the increasing water transportation for the use of trade-related activities is fueling the growth of the market. The growing population who are participating in water sports and the increasing number of water clubs is also estimated to drive the market growth during the forecast period. Also, about 7% of the people in the United Kingdom participated in boating and recreation activities in 2018. The growth of the market is attributed to the increasing production and sales of yachts owing to the rising use of multiengine in the construction of big boats is estimated to hike the market growth.

Some of the major growth factors and challenges that are associated with the growth of the global outboard engines market are:

Growth Drivers:

Increase in Tourism Industry across the globe

Increasing participation of people in recreational boating programs

Challenges:

The high price of modern engines and economic reduction in various places of the world are some of the major factors anticipated to hamper the global market size of outboard engines. The influence of COVID-19 on the demand for boats owing to the loss of jobs and economic crisis is estimated to hamper the market growth in the coming years. As per the reports, 25% of the sales decline was noted in new boats in the U.S.

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By ignition type, the global outboard engines market is segmented into electric and manual. The electric segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The market segment growth is attributed to the enhancement in the use of batteries owing to the rising electric sector. The increasing replacement of lead acid batteries with lithium batteries in electric motors is projected to fuel market segment growth across the world. The lithium batteries’ efficiency was ~99% which is more than lead acid batteries with 81% efficiency. Also, electric motors are much easier to operate compared to ignited motors. Further, less noise produced during operation, no vibration issues, and the release of gas fumes are expected to drive the market segment growth in the coming years.

By region, the North American outboard engines market is to generate the highest revenue by the end of 2035. This growth is anticipated by rising disposable income and increasing boating activities in the region. The growing demand for outboard engines in the region with the increasing construction of boats is driving the market growth. Further, the total sales volume of outboard engines in the U.S. in the year 2020 was estimated to be ~329,501 units. The rise of the population in the U.S. that participate in water sports events is expected to rise the market growth during the forecast period. The activities are growing day by day as water sports improve physical and mental health and are expected to hike the market growth in the region. As per the reports, more than 99 million Americans participate in boating activities every year. About 12% of U.S. households have their own boat for recreational activities as per the calculations.

Consult our expert analysts at: [email protected] or contact us at: https://www.researchnester.com/contact for any customized report.

This report also provides the existing competitive scenario of some of the key players of the global outboard engines market which includes company profiling of Cox Powertrain Limited, Yamaha Motor Co., Ltd., Brunswick Corporation, Suzuki Marine USA LLC, Honda Motor Co., Ltd., Bombardier Recreational Products Inc., Tohatsu America Corp., AB Volvo Penta., Hidea Power Machinery Co., Ltd., Selva S.p.A, and others.     

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#Outboard Engines Market

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Forklift Battery Rental Market Size 2023: Share, Technology, Growth and Opportunities

New Jersey, United States – The Forklift Battery Rental Market is the title of another report delivered by IBI. The paper goes through significant development techniques, drivers, potential open doors, key fragments, Porter’s Five Forces examination, and the cutthroat scene exhaustively. This exploration can assist with promoting players, and financial backers; VPs, partners, and new participants get a superior comprehension of the business and figure out what moves to make to acquire an upper hand.

The Worldwide Forklift Battery Rental market size is estimated to be worth USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a healthy CAGR during the review period. It also shows the importance of the Forklift Battery Rental market main players in the sector, including their business overviews, financial summaries, and SWOT assessments.

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The Major Players Covered in this Report: Alpine Power Systems, Exponential Power, Sugar Grove, Southern States Enterprises, Battery Power Systems, National Battery, LA Lift Services, DC Power Solutions, National Lift Truck, Sunbelt Rentals, BlackForxx GmbH, NORGATEC Handelsgesellschaft mbH, Jung

This study also covers company profiling, specifications and product picture, sales, market share, and contact information of various regional, international, and local vendors of Global Forklift Battery Rental Market. The market proposition is frequently developing ahead with the rise in scientific innovation and M&A activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with international vendors based on reliability, quality, and modernism in technology.

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The segments and sub-section of Forklift Battery Rental market is shown below:

The Study is segmented by the following Product/Service Type:

Forklift Lead Acid Batteries

Forklift Lithium-Ion Batteries

Major applications/end-users industry are as follows:

Warehouses

Factories

Distribution Centers

Others

Regional Analysis for Global Forklift Battery Rental Market:

• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)

• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

• North America (U.S., Canada, and Mexico)

• South America (Brazil, Chile, Argentina, Rest of South America)

• MEA (Saudi Arabia, UAE, South Africa)

Furthermore, the years considered for the study are as follows:

Historical year – 2017-2023E

Base year – 2022

Forecast period – 2023 to 2030

Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players.

Key takeaways from the Global Forklift Battery Rental market report:

Detailed consideration of Forklift Battery Rental market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.

Comprehensive valuation of all prospects and threats in the

In-depth study of industry strategies for growth of the Forklift Battery Rental market-leading players.

Forklift Battery Rental market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of Forklift Battery Rental market for forthcoming years.

Forklift Battery Rental Market Study guarantees you to remain/stay advised higher than your competition. With Structured tables and figures examining the Forklift Battery Rental, the research document provides you with a leading product, submarkets, revenue size, and forecast for 2030. Comparatively, it also classifies emerging as well as leaders in the industry.

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Detailed TOC of Forklift Battery Rental Market Research Report:

Forklift Battery Rental Introduction and Market Overview

Forklift Battery Rental Market, by Application

Forklift Battery Rental Industry Chain Analysis

Forklift Battery Rental Market, by Type

Industry Manufacture, Consumption, Export, Import by Regions (2017-2023E)

Industry Value by Region (2017-2023E)

Forklift Battery Rental Market Status and SWOT Analysis by Regions

Major Region of Forklift Battery Rental Market

Global Forklift Battery Rental Sales

Global Forklift Battery Rental Revenue & market share

Major Companies List

[kenresearch2023]

Future Outlook of Global E-Bike Industry: Ken Research

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What Is The Size Of Global E-Bike Industry?

Global E-Bike Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027.

The Global E-Bike Market is largely Factors such as implementation of government regulations to encourage the use of electric bikes, consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, increase in fuel costs, and rise in interest in cycling as a fitness & recreational activity are expected to drive the market growth. However, high cost of e-bikes and ban on use of e-bikes in major cities of China hinder the market growth. Furthermore, improvement in bicycling infrastructure & battery technology is expected to offer lucrative opportunities for the electric bike market growth.

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Governments of various countries are taking initiatives to reduce the carbon footprints by encouraging the use of electric bikes, electric vehicles, and bicycles, owing to increase in awareness toward the hazardous effects of using vehicles running on fossil fuels. Moreover, governments are constructing bicycle-friendly streets, which are encouraging individuals to opt for bicycle as a key mode of commute.

Global E-Bike Market Segmentation By Product Type

The Global E-Bike Market is segmented by Product type into Pedelecs, Speed Pedelecs, throttle on demand, Scooter/Motorcycle.

Global E-Bike Market Segmentation By Battery Type

The Global E-Bike Market is segmented by region into Lead-Acid, Lithium-ion, Others.

Globale-Bike Market Segmentation By Region

The Global E-Bike Market is segmented by basis of Region into Asia Pacific, Australia, Europe, North America. The market captured by Asia Pacific is larger as compared to others.

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Competition Scenario In Global E-Bike Market

The Global E-Bike market is a highly competitive and diverse industry with many major players operating in the region. Here are some of the leading catering companies in the global E-Bike Market. Top players such as the market is largely driven by rising demand for organic hair care products and active advertisement campaigns.

What Is The Expected Future Outlook For The E-Bike Market Across The Globe?

The Global E-Bike Market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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The Global E-Bike Market is driven by Electric bikes offer huge growth potential as they endure to gain traction in Europe as a more ecological means of transport. Sales in the U.S. is predicted to lift as associated regulations will take shape. Along with healthy European and U.S. markets and expected rebound in sales in China is projected to offer a more stable environment for the e-bike market place during years to come.

With increasing necessity of environment-friendly transportation, popularity of bicycles is booming across various parts of the world. This is mainly because of numerous benefits offered by the cycling such as reduced CO2 emission, reduced air pollution, reduced noise pollution from other transportation modes, saves fuel cost, improves public health, less congestion on roads, and also saves construction and maintenance cost of road infrastructure.

For More Insights On Market Intelligence, Refer to the Link Below: –

Global E-Bike Market Outlook to 2027

Related Reports by Ken Research: –

Qatar Lubricants Market Outlook to 2027

Australia Lubricant Market Outlook to 2027

New Zealand Parking Management Market Outlook to 2028

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[delvenservices]

Absorbent Glass Mat (AGM) Battery Market Size, Share, Demand & Future Scope: 2028

Absorbent Glass Mat (AGM) Battery Market, By Voltage (2–4 V, 6–8 V, 12 V & Above), Type (Stationary, Motive), End-User (OEM, Aftermarket), Application (Automotive, UPS, Industrial, Energy Storage, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America

Market Overview

The global absorbent glass mat (AGM) battery market is anticipated to reach USD 11.8 billion by 2022 growing at a CAGR of 5.2% during the forecasting period, 2020-2028. 

AGM or Absorbent Glass Mat is an advanced lead-acid battery that runs on superior power so as to support the higher electrical demands of today’s vehicles and other applications. AGM batteries are also highly applicable for start-stop vehicle technology, which promptly gained popularity in Europe and moved in the U.S. market in model-year 2013 vehicles. Factors such as easy to recycle, increasing investment in renewable energy, various advantages of AGM batteries are some of the major drivers for the absorbent glass mat (AGM) battery market.

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Key Findings

The global absorbent glass mat (AGM) battery market is segmented into voltage, type, end-user, application, and geography.

Voltage segment is 2–4 V, 6–8 V, and 12 V & Above 

The type segment is segmented into Stationary and Motive

The end-User segment is segmented into OEM and Aftermarket

Application segment is segmented into Automotive, UPS, Industrial, Energy Storage, and others

Geographically, the global absorbent glass mat (AGM) battery market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

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Regional Analysis

Asia-Pacific region has come up as the prominent region for the leading share in the overall global market during the forecast period 2020-2028.

Competitive Landscape

Key players in the global absorbent glass mat (AGM) battery market are Power Sonic Corporation (US), Exide Technologies (US), Fullriver Battery (US), Clarios (US), C&D Technologies (US), East Penn Manufacturing Company (US), Universal Power Group (US), and EnerSys (US), among others

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

In 2017, Trojan Battery Co., LLC, the world’s leading manufacturer of deep-cycle batteries, launches its new line of maintenance-free, true deep-cycle absorbent glass mat (AGM) batteries specifically designed for solar and other renewable energy applications

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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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Traction Battery Market to Discern Magnified Growth During 2021 - 2030

The global traction battery market size was valued at $31.6 billion in 2020 and is projected to reach $69.2 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Traction battery, also known as the electric-vehicle battery, is used to power electric motors of both hybrid and electric vehicles. It is usually rechargeable and specially designed for high ampere-hour capacities.

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Governments of different countries have emphasized reducing emissions from the automobile & transportation sector. Several regulatory bodies, such as the United States Environmental Protection Agency (U.S. EPA), European Union (EU), and others, have laid down acts and regulations to reduce the emission levels caused due to vehicles. This has led the government to increase awareness of electric vehicles in developed and developing economies. Moreover, the electric vehicle industry is primarily driven by attractive government policies and tax incentives for manufacturers and customers of the electric vehicle sector.

For instance, according to a report published by the U.S. Department of Energy, a minimum tax credit amount of $2,500 (and maybe up to $7,500) is available on the purchase of a new electric vehicle that uses a traction battery with at least five kilowatt-hours (kWh) of capacity. These factors are predicted to notably contribute to the global market.

However, the development of charging infrastructure for electric vehicles is a significant setback in many countries, owing to a lack of space, investments, electrification, and others. According to an article published by Forbes, around 35 million electric vehicles will be sold by 2030 in the U.S. which will require 50,000 direct current fast charging (DCFC) stations and 1.2 million level 2 ports. This means approximately 380 electric vehicle charging ports need to be installed each day for the next nine years but in comparison, the U.S. has installed an average of 30 level 2 ports per day between 2010 and 2020. This factor is anticipated to hamper the traction battery market growth.

Economies, such as China, and India, are expected to drive the demand for traction batteries. There is a significant increase in energy demand in countries, such as China and India, owing to a rise in investment in traction battery projects. The residential and industrial sectors are expected to consume more energy during the forecast period in Asia-Pacific. Furthermore, India has significant growth potential; however, due to its inconsistent policy and business environment in past, the traction battery share in total energy production was less. There has been an increase in investments in traction battery projects in India, owing to which it is one of the countries experiencing rapid growth in the Asia-Pacific market. For instance, a shift in the trend toward the use of localized energy procurements can be witnessed in recent years.

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The increasing demand for electric vehicles has surged the R&D activities for enhancing battery efficiencies by improving the charge cycle and reducing the unit consumption per charge. Moreover, the emergence of batteries with high energy density has increased the competition among traction battery manufacturers for producing highly efficient traction batteries for electric and hybrid vehicles. For instance, according to an article published by International Industrial Vehicle Technology, Ecovolta, a leading manufacturer of battery systems, has launched a new range of traction batteries known as evocation batteries that can replace lead-acid batteries with a standardized lithium-ion batteries, thus cutting costs per charge cycle by up to 50%. Furthermore, customers are becoming more linear toward purchasing lithium-ion traction batteries, owing to their lightweight and long-lasting battery life. All these factors are expected to offer future growth opportunities to the global traction battery market.

The traction battery market analysis is done on the basis of product type, capacity, application, and region.

By Type - Lead acid based - Nickel based - Lithium-ion based - Others

BY CAPACITY - Less than 100 Ah - 100-200 Ah - 200 Ah-300 Ah - 300-400 Ah - 400 Ah & above

BY APPLICATION - Electrical vehicle (EV) - Battery Electrical Vehicle (BEV) - Plug-in hybrid electrical vehicle (PHEV) - Hybrid electrical vehicle (HEV) - Industrial - Forklift - Mechanical handling equipment - Locomotives - Others

By Region - North America (Canada, Mexico) - Europe (Germany, UK, France, Italy, Spain, Rest of Europe) - Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific) - LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Key Market Players: BAE Batteries GmbH, Banner Batteries (GB) Ltd., ECOVOLTA, Exide Industries Ltd., GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Inci Aku, INTILION GmbH, Leoch International Technology Limited Inc, Toshiba Corporation

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Key findings of the study

- The lithium-ion segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 9.5% from 2021 to 2030. - The less than 100 Ah capacity is anticipated to register the highest CAGR of 8.5% during the forecast period. - The electrical vehicle application is anticipated to register the highest CAGR of 8.5% during the forecast period. - Asia-Pacific accounted for 54.5% of the traction battery market share in 2020, in terms of revenue, growing at a CAGR of 8.9%

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

David Correa Allied Analytics LLP [phone] email us here

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[coltermartinez]

Analysis of Outboard Engines Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~5% During 2023-2035 and Attain ~USD 18 Billion by 2035

Research Nester assesses the growth and market size of the global outboard engines market which is anticipated to be on account of the rising tourism sector and increasing implementation of automotive technology in the marine industry with rising boats across the world.

New York – May 15, 2023 - Research Nester’s recent market research analysis on “Outboard Engines Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global outboard engines market in terms of market segmentation by engine type, ignition type, power, fuel, application, and by region.

Growing Renovation Activities of Boats and Increasing Tourism Sector to Enhance Global Market Share of Outboard Engines

The global outboard engines market is estimated to grow majorly due to the increased boating activities worldwide. The rising standard of living of people and increase in the disposable income are together estimated to drive market growth in the coming years. The rise in the tourism sector with growing funds for the improvement of infrastructure of the tourist places is estimated to increase the demand for boat equipment which thereby propels the market growth. As of 2018, more than 800 thousand units of outboard engines were sold worldwide as per the estimations.

Further, the increasing water transportation for the use of trade-related activities is fueling the growth of the market. The growing population who are participating in water sports and the increasing number of water clubs is also estimated to drive the market growth during the forecast period. Also, about 7% of the people in the United Kingdom participated in boating and recreation activities in 2018. The growth of the market is attributed to the increasing production and sales of yachts owing to the rising use of multiengine in the construction of big boats is estimated to hike the market growth.

Some of the major growth factors and challenges that are associated with the growth of the global outboard engines market are:

Growth Drivers:

Increase in Tourism Industry across the globe

Increasing participation of people in recreational boating programs

Challenges:

The high price of modern engines and economic reduction in various places of the world are some of the major factors anticipated to hamper the global market size of outboard engines. The influence of COVID-19 on the demand for boats owing to the loss of jobs and economic crisis is estimated to hamper the market growth in the coming years. As per the reports, 25% of the sales decline was noted in new boats in the U.S.

By ignition type, the global outboard engines market is segmented into electric and manual. The electric segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The market segment growth is attributed to the enhancement in the use of batteries owing to the rising electric sector. The increasing replacement of lead acid batteries with lithium batteries in electric motors is projected to fuel market segment growth across the world. The lithium batteries’ efficiency was ~99% which is more than lead acid batteries with 81% efficiency. Also, electric motors are much easier to operate compared to ignited motors. Further, less noise produced during operation, no vibration issues, and the release of gas fumes are expected to drive the market segment growth in the coming years.

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By region, the North American outboard engines market is to generate the highest revenue by the end of 2035. This growth is anticipated by rising disposable income and increasing boating activities in the region. The growing demand for outboard engines in the region with the increasing construction of boats is driving the market growth. Further, the total sales volume of outboard engines in the U.S. in the year 2020 was estimated to be ~329,501 units. The rise of the population in the U.S. that participate in water sports events is expected to rise the market growth during the forecast period. The activities are growing day by day as water sports improve physical and mental health and are expected to hike the market growth in the region. As per the reports, more than 99 million Americans participate in boating activities every year. About 12% of U.S. households have their own boat for recreational activities as per the calculations.

This report also provides the existing competitive scenario of some of the key players of the global outboard engines market which includes company profiling of Cox Powertrain Limited, Yamaha Motor Co., Ltd., Brunswick Corporation, Suzuki Marine USA LLC, Honda Motor Co., Ltd., Bombardier Recreational Products Inc., Tohatsu America Corp., AB Volvo Penta., Hidea Power Machinery Co., Ltd., Selva S.p.A, and others.    

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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[ruth-foote]

The Ultimate Guide to Choosing the Right Battery Backup for Your Home

Introduction

As the demand for renewable energy continues to rise, more homeowners are turning to battery backup solutions to store excess power generated by their solar panels or wind turbines. Battery backup systems provide a reliable and efficient way to power your home during outages and reduce your reliance on the grid. In this guide, we will explore the factors you need to consider when choosing the right battery backup for your home.

1. Understanding your Power Requirements

Before purchasing a battery backup system, it's important to assess your power requirements. Consider your average daily energy consumption, the appliances you need to power during an outage, and any specific backup power needs you may have. By understanding your power requirements, you can choose a battery backup system with the appropriate capacity to meet your needs.

2. Types of Battery Backup Systems

There are several types of battery backup systems available on the market, including lead-acid batteries, lithium-ion batteries, and flow batteries. Each type has its own advantages and disadvantages in terms of capacity, lifespan, efficiency, and cost. It's essential to research and compare the different options to determine which type of battery backup system is best suited for your home.

3. Sizing and Installation

The size and installation of your battery backup system play a crucial role in its effectiveness. It's important to consider the available space in your home, the weight of the batteries, and the required ventilation. Additionally, proper installation by a certified professional is essential to ensure optimal performance and safety.

4. Monitoring and Control

A modern battery backup system should provide monitoring and control features to help you optimize its performance. Look for systems that offer real-time monitoring of battery status, energy production, and consumption. Some systems even allow remote monitoring and control through smartphone apps, providing convenience and peace of mind.

Conclusion

Choosing the right battery backup system for your home can be a daunting task, but by understanding your power requirements, researching different types of systems, considering sizing and installation, and evaluating monitoring and control features, you can make an informed decision. Battery backup systems offer an efficient and reliable solution for powering your home during outages and reducing your reliance on the grid. Take the time to explore your options and find the perfect battery backup system for your home's energy needs.

References

"Battery Bank Sizing: Off-Grid Renewable Systems" - National Renewable Energy Laboratory

"Energy Storage and Battery Systems" - U.S. Department of Energy

"Battery backup systems for solar and wind electricity" - Solar Energy

Article Source

This article is proudly presented by None Battery Backup. What do you know about battery backup for home.

[charlie-moody]

The Ultimate Guide to Choosing the Right Battery Backup for Your Home

Introduction

As the demand for renewable energy continues to rise, more homeowners are turning to battery backup solutions to store excess power generated by their solar panels or wind turbines. Battery backup systems provide a reliable and efficient way to power your home during outages and reduce your reliance on the grid. In this guide, we will explore the factors you need to consider when choosing the right battery backup for your home.

1. Understanding your Power Requirements

Before purchasing a battery backup system, it's important to assess your power requirements. Consider your average daily energy consumption, the appliances you need to power during an outage, and any specific backup power needs you may have. By understanding your power requirements, you can choose a battery backup system with the appropriate capacity to meet your needs.

2. Types of Battery Backup Systems

There are several types of battery backup systems available on the market, including lead-acid batteries, lithium-ion batteries, and flow batteries. Each type has its own advantages and disadvantages in terms of capacity, lifespan, efficiency, and cost. It's essential to research and compare the different options to determine which type of battery backup system is best suited for your home.

3. Sizing and Installation

The size and installation of your battery backup system play a crucial role in its effectiveness. It's important to consider the available space in your home, the weight of the batteries, and the required ventilation. Additionally, proper installation by a certified professional is essential to ensure optimal performance and safety.

4. Monitoring and Control

A modern battery backup system should provide monitoring and control features to help you optimize its performance. Look for systems that offer real-time monitoring of battery status, energy production, and consumption. Some systems even allow remote monitoring and control through smartphone apps, providing convenience and peace of mind.

Conclusion

Choosing the right battery backup system for your home can be a daunting task, but by understanding your power requirements, researching different types of systems, considering sizing and installation, and evaluating monitoring and control features, you can make an informed decision. Battery backup systems offer an efficient and reliable solution for powering your home during outages and reducing your reliance on the grid. Take the time to explore your options and find the perfect battery backup system for your home's energy needs.

References

"Battery Bank Sizing: Off-Grid Renewable Systems" - National Renewable Energy Laboratory

"Energy Storage and Battery Systems" - U.S. Department of Energy

"Battery backup systems for solar and wind electricity" - Solar Energy

Article Source

This article is proudly presented by None Battery Backup. What do you know about battery backup for home.

[digitrenndsamr]

Solar Energy Storage Market to Incur Rapid Extension During 2031

Solar energy is stored in a battery by pumping solar energy into the battery to initiate a chemical reaction among the component of the battery and discharge the power as per requirement. It is made of lithium-ion or lead acid. It is rechargeable and can be generally used in solar cell systems to store excess energy. Some of the major installations of solar batteries include solar charging stations, storage for power plants, and storage system for off-grids. The solar energy storage market size was valued at $9.8 billion in 2021 and is estimated to reach $20.9 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

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Growing demand for sustainable energy storage solutions is the major factor driving the market growth. As governments across the globe are promoting sustainable energy sources, the demand for solar battery is expected to increase over the projected timeframe.

However, the installments of solar energy storage systems in remote locations is difficult as they are difficult to reach. The remote locations usually include islands and off-grid remote locations, which face various challenges owing to variable generation and supply of power from renewable energy sources. Challenges may include natural calamity, temperature variation, and others.  This may be anticipated to hinder the solar energy storage market growth

The rise in population, increase in disposable income, and growing residential activities have surged the demand for solar energy storage. The installation of solar batteries can effectively reduce the demand for coal, oil, and other imported fossil energy resources. Additionally, the implementation of solar battery storage systems will provide new employments, which can open new investment opportunities in the economy. 

The Solar energy storage market analysis is segmented on the basis of type, installations, and region. By type, the market is segregated into lead acid, lithium-ion, flow battery, and others. The lithium-ion type segment dominated the global market, in terms of revenue in 2021, with 44% of the total share. This is attributed to the fact that rise in industrialization, urbanization, and growing consumer demand for various electric-based devices, vehicles, and the growing prominence of sustainable energy solutions.

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By installation, the market is fragmented into on-grid and off-grid. On-grid installation segment dominated the global market, with 62% of the total share in 2021. This is attributed to the rise in urbanization, advancement in technology in the field of solar energy storage, and increase in the number of installments of on-grid solar energy systems in both developed and developing economies such as the U.S., China, and India.

Region-wise, the solar energy storage market forecast is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific solar energy storage market size is projected to grow at the highest CAGR during the forecast period, and account for 35% of the solar energy market share in 2021, owing to a rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero-emission norms has increased the demand for solar energy storage batteries, thus, several manufacturers have put more emphasis on increasing the production capacities for solar energy storage batteries in the region.

Key players operating in the global solar energy storage market  ADARA POWER,BASF SE, BMW, ENERSYS, Evonik Industries AG, KOKAM, Leclanché SA, LG CHEM, LG Electronics, MAXWELL TECHNOLOGIES, Owens Corning, PPG Industries, Inc., PRIMUS POWER, SAMSUNG, Siemen AG,  Sumitomo Chemical Co., Ltd,  and THE LUBRIZOL CORPORATION.

Impact of COVID-19 on the global solar energy storage market industry

Reduced expenditure of consumers during the lockdown highly impacted the market for solar products, including various solar energy storage systems. Moreover, the upstream and downstream channels have been affected due to restrictions on movement, which lead to an increase in the number of inventories. Furthermore, the high dependency on Chinese exports for solar cells, solar energy storage, and solar module negatively impacted the market. India imports around 80% of its solar products from China. As the manufacturing firms in China were idle for the last 6-7 months, it highly impacted the production process in India.

However, shifting the trend toward remote working is considered a vital solution to improve market conditions. Various automation companies utilize remote connectivity to ensure access to field operators and service engineers who cannot be on-site at this time. In the 2nd quarter of COVID-19, approximately 20% of people preferred electric micro-mobility devices which are working on lithium-ion battery.

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Key findings of the study

In terms of type, lithium-ion segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of % from 2022 to 2031.

In terms of installation, the on-grid segment is anticipated to register the highest CAGR of 8.2% during the forecast period.

By region, Europe garnered the highest share of 35% in 2021, in terms of revenue, growing at a CAGR of 8.6%.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

[flora-nester]

The Ultimate Guide to Choosing the Right Battery Backup for Your Home

Introduction

As the demand for renewable energy continues to rise, more homeowners are turning to battery backup solutions to store excess power generated by their solar panels or wind turbines. Battery backup systems provide a reliable and efficient way to power your home during outages and reduce your reliance on the grid. In this guide, we will explore the factors you need to consider when choosing the right battery backup for your home.

1. Understanding your Power Requirements

Before purchasing a battery backup system, it's important to assess your power requirements. Consider your average daily energy consumption, the appliances you need to power during an outage, and any specific backup power needs you may have. By understanding your power requirements, you can choose a battery backup system with the appropriate capacity to meet your needs.

2. Types of Battery Backup Systems

There are several types of battery backup systems available on the market, including lead-acid batteries, lithium-ion batteries, and flow batteries. Each type has its own advantages and disadvantages in terms of capacity, lifespan, efficiency, and cost. It's essential to research and compare the different options to determine which type of battery backup system is best suited for your home.

3. Sizing and Installation

The size and installation of your battery backup system play a crucial role in its effectiveness. It's important to consider the available space in your home, the weight of the batteries, and the required ventilation. Additionally, proper installation by a certified professional is essential to ensure optimal performance and safety.

4. Monitoring and Control

A modern battery backup system should provide monitoring and control features to help you optimize its performance. Look for systems that offer real-time monitoring of battery status, energy production, and consumption. Some systems even allow remote monitoring and control through smartphone apps, providing convenience and peace of mind.

Conclusion

Choosing the right battery backup system for your home can be a daunting task, but by understanding your power requirements, researching different types of systems, considering sizing and installation, and evaluating monitoring and control features, you can make an informed decision. Battery backup systems offer an efficient and reliable solution for powering your home during outages and reducing your reliance on the grid. Take the time to explore your options and find the perfect battery backup system for your home's energy needs.

References

"Battery Bank Sizing: Off-Grid Renewable Systems" - National Renewable Energy Laboratory

"Energy Storage and Battery Systems" - U.S. Department of Energy

"Battery backup systems for solar and wind electricity" - Solar Energy

Article Source

This article is proudly presented by None Battery Backup. As we dive into the world of it, it's important to understand the basics battery backup for home.

[prajnene]

Marine Battery Market: Expected Growth and Scope Analysis Until 2030

The global marine battery market size was USD 583.4 million in 2020. The market is expected to grow from USD 676.2 million in 2021 to USD 2,055.8 million by 2028, exhibiting a CAGR of 17.05% during the forecast period. The rising focus on developing low emission solutions and increasing development of alternative energy resources is expected to propel market growth. Fortune Business Insights™ presents this information in its report titled “Marine Battery Market, 2021-2028.”

A marine battery, also known as a marine deep cycle battery, is a type of battery specifically designed for use in marine applications. These batteries are designed to provide reliable power for marine vehicles and equipment, such as boats, yachts, and other watercraft.

Segments

By battery, the market is segmented into lithium-ion, fuel cell, lead acid battery, nickel cadmium, and sodium-based. As per capacity, it is classified into less than 100Ah, 100-250 Ah, and greater than 250 Ah. On the basis of design, it is bifurcated into a solid-state battery and flow battery. Based on application, it is classified into defense and commercial. Regionally, it is clubbed into North America, Europe, Asia Pacific, and the Rest of the World.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Browse Summary

List of Key Players Profiled in the Report:

Akasol AG (Germany)

EnerSys (U.S.)

Exide Industries Ltd. (India)

Furukawa Battery Solutions Co. Ltd. (Japan)

S. Yuasa Corporation (Japan)

HBL Power Systems Ltd. (India)

Johnson Controls International (Ireland)

Leclanché SA (Switzerland)

Saft Groupe S.A. (France)

Siemens AG (Germany)

Systems Sunlight SA (Greece)

Toshiba Corporation (Japan)

Wärtsilä Oyj Abp (Finland)

Drivers and Restraints

Strong Demand for Alternative Energy Resources and Maritime Infrastructure to Bolster Growth

Rising demand for alternative energy resources is expected to boost the adoption of marine battery. As per the Maritime Supply Chain Optimization’s study, world trade depends extensively on maritime transport. Furthermore, rising sea trade routes for nearly 90% of goods are expected to fuel the product adoption. Moreover, the rising demand for better maritime infrastructure and tourism is expected to bolster industry development. Also, the rising demand for better connectivity in the marine sector and the adoption of the products are likely to surge the product sales. These factors may drive the marine battery market growth.

However, high costs associated with the product, limited range, and capacity are expected to restrain the market growth.

Regional Insights

Presence of Several Marine Operators to Boost Market Growth in Europe

Europe is projected to dominate the marine battery market share due to the presence of several marine operators. The market in Europe was valued at USD 195.5 million in 2020 and is expected to gain a significant market share in the upcoming years. Further, competitors' procurement of advanced electric propulsions for future marine vessels is expected to fuel industry development.

In North America, the rising utilization of electric propulsion by NOAA, defense utilities, and other governmental and commercial applications is expected to foster industry growth. Further, the rising adoption of marine batteries for leisure boats is expected to boost market development during the pandemic.

In Asia Pacific, there is presence of major manufacturers such as Furukawa Battery Solutions, Korea Special Battery, Exide Industries Ltd., and Toshiba Corporation. These factors may propel market development.

Competitive Landscape

Companies Acquire Contracts to Boost Market Position

Prominent companies operating in the market acquired contracts to boost their market position. For example, Wartsila acquired a contract with Zero Emissions Services BV (ZES) to deliver Warsila's mobile battery container solutions in September 2021. This strategy may enable the company to boost its market position. Furthermore, companies adopt mergers, acquisitions, automated production techniques, and expansions to attract consumers, boost product sales, and achieve organizational goals.

Industry Development

November 2021: Siemens Energy AS was selected by the National Oceanographic and Atmospheric Administration (NOAA) for the completion of a contract and equipping its research vehicles with integrated battery storage solutions, control systems, power, and electric propulsions.