Market Research Reports

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http://industry-experts.com/

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Market for Battery Energy Storage Systems (BESS) to Grow by a Whopping 21% through 2030, Bolstered by Increasing Energy Demand and Transition to Clean Energy Sources

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Industry Experts, Inc., has released its latest report on the Battery Energy Storage Systems (BESS) market . As per this global report, the market for BESS is estimated at US$13.7 billion in 2024 and projected to reach US$43.4 billion by 2030 at a 2024-2030 CAGR of 21.3%. Some of the factors instrumental in driving demand for Battery Energy Storage Systems include transition to clean energy, decreasing costs of batteries, increasing energy demand & grid strain, government initiatives & policies, enhanced grid reliability & resilience, technological advancements, growing adoption of electric vehicles (EVs), demand for energy independence & cost savings and rural electrification & off-grid solutions In addition to being the largest global market for Battery Energy Storage Systems , with an estimated 2024 share of 42.2%, Asia-Pacific is also slated to be the fastest growing, forecast to reflect a 2024-2030 compounded annual rate of 36.1%. A major factor ...
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Shift Towards Sustainable Materials and Carbon Neutrality Drives the Demand for Glass Fiber Reinforcements, Expected to Reach 8.4 million metric tons by 2030

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A new report from Industry Experts Inc, on " Glass Fiber Market ," reveals that the global demand for glass fibers is projected to reach 8.4 million metric tons by 2030, growing at a CAGR of 4.7% between 2024 and 2030. In value terms, the market is expected to reach US$12.3 billion by 2030. The year 2023 marked an exceptionally challenging period for the global glass fiber and composites industry. Slower-than-expected demand growth across major application areas, compounded by the effects of earlier overexpansion, especially in China, caused inventory levels to spike. Smaller manufacturers, under financial strain, initiated aggressive price reductions, driving prices of standard products like direct yarn to historic lows. The glass fiber industry demonstrates both cyclical and growth characteristics. Traditional sectors like construction and industrial equipment show cyclic behavior, while emerging applications such as lightweight vehicles, 5G infrastructure, win...
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Turbulence to Traction: Global Omega-3 Market Eyes Steady Growth Through 2030

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Industry Experts, Inc., has released its latest report on the Omega-3 Polyunsaturated Fatty Acids (PUFAs) Market . According to this new report, global value demand for Omega-3 PUFAs is projected to rise at a CAGR of 2.4% between 2024 and 2030 reaching US$2.54 billion by 2030 from an estimated US$2.2 billion in 2024. In volume terms, consumption of Omega-3 ingredients worldwide is forecast to reach close to 200 thousand metric tons by 2030. Omega-3 Polyunsaturated Fatty Acids (PUFAs) are widely recognized for their considerable health benefits. They play a crucial role in promoting cardiovascular health and are also associated with protective effects against a variety of health conditions, including cancer, birth defects, diabetes, arthritis, cognitive decline, depression, and several others. These essential fatty acids are not produced by the body in sufficient quantities and must be obtained through diet or supplements. Historically, fish oils have been the primary sour...
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