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12 Jan 2018  |  Global  |  Market Research

Global Industrial Battery Market, Forecast to 2023

Growth in Renewable Energy and Distributed Generation to Drive the Global Industrial Battery Market

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Key Issues Addressed

The global industrial battery market is a well-established one which is expected to grow at a CAGR of 7.1% between 2014 and 2023. The major factors driving industrial batteries are the surging demand from energy storage and stationary applications, reinforced by advancements in battery technology. Industrial batteries for grid storage represent a u...

The global Starting, Lighting and Ignition (SLI) Lead Acid Battery market is mature but continues to exhibit consistent and continuous demand. The sector is characterized by intense competition and limited product differentiation. Lead acid batteries are the earliest form of energy storage solutions that generate electricity from a chemical composi...

The global residential heat pump (HP) market is forecast to reach 21.2 million units by 2035, up from 11.4 million in 2025. Market definitions are important to the market forecast, and Frost & Sullivan excludes the sale of HPs for air conditioning. Market revenues are forecast to reach $113.79 billion by 2035, up from $43.86 billion in 2025. In 202...

09 Jun 2025  |  Global  |  Technology Research

Emerging AI Trends in the Renewable Energy Industry

AI Developments are Transforming the Renewable Energy Industry

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Growing environmental concerns have intensified the focus on renewable energy. Organizations are making a conscious effort to adopt renewable sources, leading to rapid growth—a trend that is expected to continue. Stakeholders are increasingly turning to artificial intelligence (AI) to enhance both the generation and utilization of renewable energy....

26 Mar 2025  |  Global  |  Technology Research

Safety Innovations in Lithium-ion Battery Technology: Growth Opportunities, 2025–2030

Revolutionary advancements in fire-resistant materials, thermal management, and failure analysis are enhancing the safety of lithium-ion batteries.

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Lithium-ion batteries (LiB) are seeing an increased number of innovations to cater to the demand of safer battery technologies. These innovations aim at decreasing the risk of fire, enhance reliability and longevity, and ensure usability for multiple use-cases. Battery developers and manufacturers are focused on creating fire-resistant materials an...

Driven by the demand for energy security, industrial heat decarbonization, and 24/7 carbon-free electricity, geothermal energy is becoming a crucial pillar of the worldwide clean energy transition. This report explores the rapid advancement of next-generation geothermal technologies, including enhanced geothermal systems (EGS), superhot rock geothe...

21 Jul 2015  |  Global  |  Market Research

Global Utility-scale Grid-connected Battery Energy Storage Systems Market

High Growth in Utility-scale Grid-connected Solutions

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The battery energy storage system (BESS) market is poised to enter a period of dynamic growth on a global level. In the markets for utility-scale grid-connected solutions, commercialisation will begin to accelerate after 2017 with the subsequent years bringing huge opportunities for companies that have the technological capabilities to compete. Rap...

The energy industry, which has traditionally been highly stable, is currently undergoing a drastic transformation. A number of disrupting elements, including the digitisation of electricity networks and products, deregulation, increased competition from new entrants, decreasing demand, a shift to cleaner energy sources, changes in consumption patte...

This study examines the key mega trends that are creating a high demand for batteries. The role of the Internet of Things (IoT), advancements to telecommunication networks (LTE), wearable devices with sensors, renewable integration, smart grid, energy storage, and advancements to healthcare devices are some of the key technologies that are dependen...