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Chicago, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The global Hydrogen Compressors Market size is expected to grow from USD 2.1 billion in 2023 to USD 2.6 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 4.5% according to a new report by MarketsandMarkets™. The growth of the Hydrogen Compressors Market is propelled by various factors. A significant driver is the rising demand for hydrogen across diverse sectors, including energy generation, transportation, petrochemicals, and chemicals. This demand surge is a pivotal force behind the market's expansion. The push for clean energy solutions and the establishment of more hydrogen production plants and pipelines further contribute to the market's upward trajectory. Additionally, advancements in technology and the emergence of innovative hydrogen production methods, such as electrolysis using solar and wind power, present growth opportunities for the market. The Asia Pacific region is anticipated to take a leading role in the Hydrogen Compressor Market, driven by substantial demand from countries like China, India, and Japan. Despite the initial high costs associated with compressors, the increasing global demand for hydrogen and the ongoing development of hydrogen technology are key factors propelling the market's growth.

The global hydrogen generation market size was valued at $158.8 billion in 2023 and is expected to hit around $257.9 billion in 2028, growing at a compound annual growth rate (CAGR) of 10.2% from 2023 to 2028.

The global ring main unit market is anticipated to expand significantly, reaching USD 3.4 billion by 2029, up from USD 2.5 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.7% during the forecast period.

The global progressing cavity pump market is forecasted to achieve a valuation of USD 3.6 billion by 2029, indicating growth from the estimated USD 2.8 billion in 2024, with a compound annual growth rate (CAGR) of 5.0% from 2024 to 2029. Key Market Players Some of the leading companies in this market are NETZSCH (Germany), SEEPEX (Germany), NOV (US), CIRCOR International (US), Schlumberger (US), and PCM (France).

The residential energy storage market is projected to grow from USD 889 million in 2023 to reach USD 2081 million by 2028; exhibiting a Compound Annual Growth Rate (CAGR) of 18.3%. Major factors driving the growth of the market include declining cost of lithium-ion batteries, supportive regulatory policies encouraging clean energy use, and rising need for energy self-sufficiency. Lack of battery recycling standards could hinder market growth.

The marine engines market is currently at a crossroads, navigating a complex interplay between the established needs of global trade and the growing urgency for cleaner operations. The global marine engines market is projected to reach USD 15.2 billion by 2029, showing a growth from the estimated USD 13.1 billion in 2024, with a compound annual growth rate (CAGR) of 3.0% from 2024 to 2029. Traditionally, after-sales services like maintenance and repairs have been a part of the marine engines market. However, companies are finding ways to optimize this segment to generate recurring revenue.

The global diesel power engine market is estimated at USD 20.1 billion in 2024, with a projected growth to USD 25.2 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5%.

The market size for diesel power engine is projected to reach approximately USD 25.2 billion by the year 2029, as compared to the estimated value of USD 20.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period. The global diesel power engine market is driven by a confluence of factors that influence demand and shape its future trajectory. Rapid economic growth in regions like Asia Pacific, Africa, and South America fuels the need for reliable power sources. Diesel engines play a crucial role, particularly in areas with limited grid infrastructure or frequent outages. They provide primary or backup power for businesses, industries, and communities, enabling uninterrupted operations and fostering economic development. As economies expand, industrial activity and urbanization accelerate. These sectors heavily rely on diesel engines for power generation, both for primary use and backup during grid disruptions. Reliable power ensures smooth operation of factories, construction sites, and commercial facilities. Governments worldwide are implementing stricter emission regulations to combat air pollution. This drives advancements in cleaner burning diesel engine technologies.

According to a research report "Carbon Credit Validation Verification and Certification Market by Type (Voluntary, Compliance), Service (Validation, Verification, Certification), End User (Energy & Utilities, Agriculture & Forestry, Industrial) & Region - Global Forecast to 2030" published by MarketsandMarkets, the marke size for global carbon credit validation, verification, certification is projected to reach approximately USD 884 million by the year 2030, as compared to the estimated value of USD 226 million in 2024, at a Compound Annual Growth Rate (CAGR) of 25.5% over the forecast period. The global carbon credit validation, verification, and certification market is driven by several key factors. Governments worldwide are implementing stringent environmental regulations and carbon pricing mechanisms to curb greenhouse gas emissions. These policies, such as the European Union Emissions Trading System (EU ETS) and California's Cap-and-Trade Program, necessitate the validation, verification, and certification of carbon credits, ensuring that organizations meet their compliance obligations. Increasingly, corporations are adopting sustainability strategies to enhance their environmental credentials and meet stakeholder expectations. Companies are voluntarily purchasing carbon credits to offset their carbon footprints, driving demand for rigorous validation and verification processes to guarantee the credibility and impact of their investments in carbon reduction projects.

The global diesel power engine market is projected to reach USD 25.2 billion by 2029, showing a growth from the estimated USD 20.1 billion in 2024, with a compound annual growth rate (CAGR) of 4.5% from 2024 to 2029. The diesel power engine market is evolving, and several new revenue pockets are emerging, driven by advancements in technology, shifting market demands, and regulatory changes. These new opportunities present significant growth potential for companies operating in the diesel power engine industry. One of the most promising new revenue pockets is the renewable diesel sector. Renewable diesel, derived from renewable sources such as animal fats, vegetable oils, and waste cooking oils, is chemically similar to traditional diesel but offers a significantly reduced carbon footprint. With increasing regulatory pressure to reduce greenhouse gas emissions, renewable diesel is gaining traction as a cleaner alternative to conventional diesel. Governments and industries are investing heavily in renewable diesel production facilities, creating a growing demand for diesel engines that are compatible with this fuel. Companies that can innovate and produce engines optimized for renewable diesel will likely capture substantial market share in this burgeoning sector.

The global residential energy storage market Size is estimated to be valued at USD 898 million in 2023 (Estimate Year) and is projected to reach USD 2,081 million by 2028 (Forecast Year) growing at a CAGR of 18.3% during the forecast period. The growing production of electric vehicles and the rising demand for solar PV systems are expected to be the main drivers of this growth. These factors are expected to act as key catalysts for market expansion, with a compounded annual growth rate (CAGR) of 18.3% throughout the forecast period.The domestic energy storage market is dominated by a select number of large companies with extensive regional reach.

According to a research report "Carbon Credit Validation Verification and Certification Market by Type (Voluntary, Compliance), Service (Validation, Verification, Certification), End User (Energy & Utilities, Agriculture & Forestry, Industrial) & Region - Global Forecast to 2030″, the market size for global carbon credit validation, verification, certification is projected to reach approximately USD 884 million by the year 2030, as compared to the estimated value of USD 226 million in 2024, at a Compound Annual Growth Rate (CAGR) of 25.5% over the forecast period. The global carbon credit validation, verification, and certification market is driven by several key factors. Governments worldwide are implementing stringent environmental regulations and carbon pricing mechanisms to curb greenhouse gas emissions. These policies, such as the European Union Emissions Trading System (EU ETS) and California's Cap-and-Trade Program, necessitate the validation, verification, and certification of carbon credits, ensuring that organizations meet their compliance obligations. Increasingly, corporations are adopting sustainability strategies to enhance their environmental credentials and meet stakeholder expectations. Companies are voluntarily purchasing carbon credits to offset their carbon footprints, driving demand for rigorous validation and verification processes to guarantee the credibility and impact of their investments in carbon reduction projects.

According to a research report "Distribution Transformer Market by Mounting (Pad, Pole, Underground), Phase (Three and Single), Power Rating (Up to 0.5 MVA, 0.5-2.5 MVA, 2.5-10 MVA, Above 10 MVA), Insulation(Oil Immersed, Dry), End User and Region - Global Forecast to 2029″, the market size for distribution transformers is projected to reach approximately USD 24.9 billion by the year 2029, as compared to the estimated value of USD 18.5 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 6.1% over the forecast period. The global distribution transformer market is fueled by a confluence of factors driving growth and shaping industry trends. The need for reliable and efficient power delivery necessitates investments in expanding power grids to reach new consumers and upgrading aging infrastructure. This translates to a demand for new distribution transformers across various regions. As the global population rises and economies develop, the overall demand for electricity is steadily increasing. This necessitates an expansion of distribution networks and transformers to cater to the growing power needs of residential, commercial, and industrial sectors.

According to a research report "Carbon Credit Validation Verification and Certification Market by Type (Voluntary, Compliance), Service (Validation, Verification, Certification), End User (Energy & Utilities, Agriculture & Forestry, Industrial) & Region - Global Forecast to 2030", the market size for global carbon credit validation, verification, certification is projected to reach approximately USD 884 million by the year 2030, as compared to the estimated value of USD 226 million in 2024, at a Compound Annual Growth Rate (CAGR) of 25.5% over the forecast period. The global carbon credit validation, verification, and certification market is driven by several key factors. Governments worldwide are implementing stringent environmental regulations and carbon pricing mechanisms to curb greenhouse gas emissions. These policies, such as the European Union Emissions Trading System (EU ETS) and California's Cap-and-Trade Program, necessitate the validation, verification, and certification of carbon credits, ensuring that organizations meet their compliance obligations. Increasingly, corporations are adopting sustainability strategies to enhance their environmental credentials and meet stakeholder expectations. Companies are voluntarily purchasing carbon credits to offset their carbon footprints, driving demand for rigorous validation and verification processes to guarantee the credibility and impact of their investments in carbon reduction projects.

PanOptica has raised up to $45m in a Series B financing to fund the clinical program for its lead compound, PAN-90806, a pharmacologically unique small-molecule selective inhibitor of VEGF

Mainly the requirement to utilize alloy steel castings India results while cast irons are not providing shock resistance or enough strength. Using steel castings, one may obtain smaller yet compound machine shapes removing the requirement for assembling, wielding or other ultimate work.

The resin can be of two types- natural and synthetic compound, which is insoluble in water, but can easily dissolve in alcohol. There are sorts of plants and machineries which develop new products by using resin materials. The companies manufacturing and exporting resin plants across the globe are offering several features with their products.

The resin can be of two types- natural and synthetic compound, which is insoluble in water, but can easily dissolve in alcohol. There are sorts of plants and machineries which develop new products by using resin materials.

'Deep Jyoti Rubber Pvt. Ltd.' is into a true business of manufacturing mats that acts as a bad conductor of electricity. They are built using high electric compound that ascertains that electricity is not allowed to pass through them.