Solid-State Battery Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies According to a statement by P&S Intelligence, the solid-state battery market will reach USD 775.2 million, growing at a rate of 32.6%, by 2030. The main factor driving the growth of the industry is the rising electric vehicle deployment, the increasing battery management utility and energy storage systems, and the increasing electronic gadgets implementation. Additionally, the market is expected to be influenced by the growing number of robot shipments all over the world. Furthermore, the increasing research and development activities related to solid-state batteries, the miniaturization of electronic devices, and the increasing implementation of IoT-based systems have arisen as key driving forces in the solid-state battery industry. In the past few years, the 20–500 mAh battery capacity category generated the highest solid-state battery market revenue share, 68.2%. This is due to the applications of solid-state batteries, for instance, wearable medical devices, domestic appliances, and energy storage systems, necessitating these variants. Browse detailed report - https://www.psmarketresearch.com/market-analysis/solid-state-battery-market APAC accounted for the largest industry share, approximately 54.4%, in the past few years, and it will maintain its position throughout this decade. This is ascribed to the growth in the utilization of battery management systems, a large base of portable electronics consumer, and developments in the renewable energy sector. Extensive research and development are resulting in the enhancing capability of these batteries, which will drive the expansion of the industry in the years to come. Hence, with the increasing adoption of electronic gadgets and the growing utility of energy storage and battery management systems, the solid-state battery industry will continue to grow in the years to come.

Li-ion Emergency Lights have the highest demand in APAC Emergency Lighting Market The APAC emergency lighting market will increase significantly increase in the years to come. Snowballing expenditure on infra, comprising of indoors and outdoors lighting, and the application of strict safety standards in commercial structures are the main factors responsible for the growth of the industry in the region. The APAC emergency lighting industry is classified into software, hardware, and services. Out of all these, the software will record the highest growth rate in the near future. This can be largely credited to the increasing demand for software solutions for the effectual monitoring of emergency lights. the APAC industry is characterized into emergency lighting solutions running on Li-ion, lead-acid, Ni-Cd, and Ni-MH batteries. The Li-ion emergency lights have the highest demand in the APAC. This is because of the initiatives by quite a few governments in the region, mainly in India, to support the making of Li-ion batteries. For example, under the Make in India, the union government wants to set up a Li-ion battery industrial base to support the acceptance of Li-ion batteries because of their better energy competence and lightweight. Emergency lighting solutions in APAC are extensively used for industrial, commercial, residential, and other purposes. The fastest growth will be observed in the residential application. This is because of the increasing count of smart homes in China, South Korea, Japan, and Taiwan. Asia’s smart home market will reach $115 billion by the year 2030, capturing about a 30% share in the world. In the near future, the APAC emergency lighting market will observe the fastest growth in India. This can be largely credited to the increasing real estate and snowballing construction of urban houses and smart cities in the country, which would drive the demand for emergency lighting solutions in the nation in the coming years. The significant trend in the APAC lighting industry is the increasing acceptance of LED lights. This can be majorly credited to the low consumption of power related to LED technology as opposed to other lighting technologies. Therefore, because of higher energy efficiency, LEDs are an economical option, particularly in the long run. Furthermore, LED emergency lights last longer and are less fragile. Also, falling prices of LED lamps have increased the demand for these lights recently. The main opportunity for the development of the players in the APAC industry lies in the growing acceptance of IoT-enabled emergency lights. IoT makes it easy for private and public organizations to conserve further energy with smart lighting systems. IoT permits lighting settings to acclimate to ecological conditions like rain and fog, thus enhancing energy consumption and safeguarding passable illumination according to the ambiance requirement. The Stringent safety guidelines levied by the governments are contributing to an increase in the demand for emergency lighting. In APAC, the governments of India and China have forced strict guidelines regarding safety in numerous establishments. Read More: https://www.psmarketresearch.com/market-analysis/apac-emergency-lighting-market

Fuel Cell Generator Market Share, Growing Demand, and Top Key Players As per reports, 17% of the global emissions are the responsibility of the transportation industry, which, additionally, consumes one-fourth of the world’s energy. Thus, the transportation sector contributes considerably in the expansion of the fuel cell market as this technology serves as an alternative to conventional ICEs and Li-ion batteries, in which the major part of fuel energy is emitted as heat. In order to reduce GHG emissions and improve the efficiency of energy conversion, there is a great need to invest in advanced propulsion technologies. In this regard, the major driver for the fuel cell market is the rising concern of international bodies because of the rising carbon emissions. In order to attain the Kyoto Protocol’s goals, numerous practices are being followed to limit and reduce the expulsion of greenhouse gases. A Joint Declaration on Stationary Fuel Cells for Green Building has also been signed by the stakeholders to work on the adoption of fuel cell systems, to reduce carbon emissions from residential and commercial buildings in Europe. Browse detailed report - https://www.psmarketresearch.com/market-analysis/fuel-cell-generator-market Apart from transportation, the usage of this technology for renewable energy generation is picking pace. South Korea has some of the largest fuel cell parks in the world. Similarly, fuel cell capacity in the U.S. rose by more than 750 MW in 2021. Small-scale systems are utilized by telecommunications entities, utilities, railroads, and governments and traffic departments in the U.S. for backup power. Furthermore, in Japan and Europe, small-scale fuel cell systems are widely used to produce electricity for homes and commercial spaces. In order to curb carbon emissions and, in turn, reduce the greenhouse effect, the demand for fuel cells is surging for transportation and stationary power applications.

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