Why will Demand for Lithium Air Batteries Swell in Europe in Future?

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

To learn more about this report: https://bit.ly/3rzFnwm

The increasing environmental damage being caused due to the extensive usage of petrol and diesel-powered vehicles is a major factor fueling the requirement for eco-friendly alternatives such as electric vehicles all over the world. Furthermore, the growing usage of renewable energy and the launch of several clean energy projects are boosting the sales of highly efficient batteries such as lithium air batteries. This is, in turn, causing the rapid advancement of the global lithium air battery market. 

Globally, the European lithium air battery market is predicted to be very lucrative in the future years, primarily because of the launch of several renewable energy projects such as solar power plants in the European countries. In addition to this, the presence of a thriving consumer electronics industry and the ballooning requirement for electric vehicles in various European countries such as France, Spain, Germany, and Italy are augmenting the sales of lithium air batteries in the region.

Therefore, it can be predicted with full surety, based on the above paragraphs, that the sales of lithium air batteries will climb all over the world in the coming years, mainly because of the growing usage of electric vehicles and the rising sales of consumer electronics devices throughout the world.  

Comments

Post a Comment

Popular posts from this blog

Surging E&P in Shale Gas Reserves Propelling Demand for Well Cementing

Image
With the surge in exploration and production (E&P) activities in both unconventional and conventional oil and gas reserves, the demand for well cementing is growing rapidly all over the world. Moreover, because of the recovery of crude oil prices, the oil and gas industry is booming, which is, in turn, propelling the requirement for well cementing. The soaring E&P investments in countries such as China, Russia, Brazil, and the U.S. are fueling the expansion of the well cementing industry. Due to the above-mentioned factors, the demand for well cementing is rising sharply across the world. This is fueling the progress of the global well cementing market. The valuation of the market is predicted to grow from $7,577.6 million in 2018 to $10,065.4 million by 2024. Furthermore, the market is predicted to progress at a CAGR of 4.7% between 2019 and 2024. Well cementing is used in shale gas, oil, and gas wells.  Out of these, the requirement for well cementing is predicted to grow ra
Read more

How Will Cooling Appliance Demand Propel Insulation Market Growth?

Image
Factors such as the escalating demand for refrigerators and air conditioners, mounting infrastructure expenditure in developing countries, such as Brazil, China, India, and Russia, and increasing government support toward the installation of insulation systems in buildings are expected to drive the insulation market growth between 2018 and 2025. According to P&S Intelligence, the market will generate $101.3 billion revenue by 2025. Nowadays, governments of several countries are offering regulatory support to the installation of insulation products to improve energy efficiency.  The rising demand for air conditioners and refrigerators, on account of the soaring global temperature and the booming world population, is one of the major contributors to the market growth worldwide. The National Aeronautics and Space Administration estimates that the average surface temperature of the Earth has risen by 2.12 oF in 2020 since the late 19th century.  As per NASA, the years 2016 and 2020 ar
Read more

Burgeoning Demand for Packaging Materials Propelling Need for Extrusion Coatings

Image
The food and beverage industry is witnessing significant growth due to the rising population and awareness among people regarding their health. The health concerns of people are growing and they are constantly looking out for food items that are healthy . Moreover, the food and beverage industry is witnessing the development of low-calorie, sugar-free, lactose-free and gluten-free food products to cater to the demands of consumers. This is consequently pushing up the demand for extrusion coating materials as these materials play a crucial role in packaging applications owing to their ability to protect food items from various external environmental factors.  In addition, extrusion coating provides an aesthetic appeal to the foods and beverages, thereby making them more attractive and saleable. In addition to the food and beverage industries, there are many other industries, such as healthcare and personal care, which extensively use extrusion coatings. The increasing income of people a
Read more