Power & Energy Trends

The planar solid oxide fuel cell market is expected to demonstrate a CAGR of 11.4% during the forecast period. Additionally, the implementation of strict government laws and regulations regarding greenhouse gas emissions, along with the high energy prices, are adding significantly to the market size. Planar solid oxide fuel cells offer benefits such as fuel adaptability and extremely low levels of sulfur oxide (SOx) and nitrogen oxide (NOx) emissions. Because of these advantages, these fuel cells are being widely adopted in industries such as chemicals, power generation, and automobile. To cater to the increasing application base of this technology, companies such as Ceres Power Holdings plc, Chevron Corporation, Ballard Power Systems Inc., Ultra Electronics Holdings plc, and Convion Ltd. are launching new and better planar solid oxide fuel cells. Based on component, the planar solid oxide fuel cell market is categorized into planar cells, manifolds, separator cells, seals, and others...

The lithium-ion battery recycling market is growing on account of the limited availability of the said metal and rising adoption of electric vehicles (EV). As a result, the industry revenue will surge from $165.3 million in 2019 at a substantial CAGR of 18.3% during 2020–2030 (forecast period). In such energy storage devices, the movement of Li ions between the two terminals leads to discharging and charging, depending on the direction of the ion flow. These batteries contain less-toxic material than several others, which is why their recycling is picking up. To learn more about this report:  https://bit.ly/3biaR4Q Lithium–cobalt oxide (LCO), lithium–nickel–cobalt–aluminum oxide (NCA), lithium-ion–manganese oxide (LMO), lithium–nickel–manganese–cobalt oxide (NMC), and Lithium–iron phosphate (LFP) are the categories within the battery type segment. Among these, the LCO category dominated the lithium-ion battery recycling market during the historical period (2014–2019). This is attr...

The adoption of electric vehicles has risen considerably all over the world, which can be majorly ascribed to the increasing concerns regarding the adverse condition of the environment. Consumers are increasingly becoming aware regarding the negative effects of conventional vehicles on the environment, which is why they are now increasingly preferring vehicles that cause less harm to the environment. Moreover, governments of several countries are also encouraging people to opt for electric vehicles for curbing the surging pollution levels.  A major part of electric vehicles is the battery, which is the major power source. Presently, lithium-ion (Li-ion) batteries are majorly being utilized in electric vehicles, which is why, the increasing demand for these vehicles is creating high demand for Li-ion batteries as well. Since these batteries have excellent energy density, they are being considered the standard battery technology for electric vehicles. It is owing to all these factors...