FNM

Rapidly Increasing Demand for Solar Energy Booming Creating a Multi-Billion Dollar Market Opportunity

Retrieved on: 
Wednesday, September 20, 2023

PALM BEACH, Fla., Sept. 20, 2023 /PRNewswire/ -- - Electricity demand worldwide is growing rapidly because of economic progress and population growth. The rising level of lifestyle and the expansion of infrastructure are driving up demand for power generation. As a result, most countries are building new solar plants or upgrading old ones to fulfil the rising demand. This is projected to augment demand for ground-mounted solar, propelling the market forward even faster.  In the future electricity generation through solar energy will increase, which will boost the need for new facilities related to solar energy projects, this will create an opportunity for the ground mounted solar market. A report from Industry ARC projects that the global ground mounted solar market size is forecast to reach $9.65 billion by 2027, growing at a CAGR of 9.56% during 2022-2027.   The report said: "The solar panels mounted on the ground are a fixed tilt solar system that can be readily installed in a big yard or field. Furthermore, the panels are identical to pole-mounted solar panels, except that they are placed directly on the ground rather than being elevated on poles. Materials such as crystalline silicon, metals, and more are widely utilized in ground-mounted solar panels because these materials have higher efficiencies, which make them ideal for ground-mounted solar application. A solar panel system equipped with a single-axis solar tracker witness a performance gain from 10% to 30%. Apart from this, ground mounted solar market is primarily driven by the growth of the utility industry. Also, the growth from the commercial sector for ground-mounted solar is further boosting the demand for ground-mounted solar, thereby, propelling the ground mounted solar industry growth during the forecast period (2027).  Active Companies from around the markets with current developments this week include:  SolarBank Corporation (OTCQX: SUUNF) (CSE: SUNN), Tesla, Inc. (NASDAQ:TSLA), Altus Power, Inc., (NYSE: AMPS), Sunrun (NASDAQ: RUN), NextEra Energy, Inc. (NYSE: NEE).

Key Points: 
  • In the future electricity generation through solar energy will increase, which will boost the need for new facilities related to solar energy projects, this will create an opportunity for the ground mounted solar market.
  • A solar panel system equipped with a single-axis solar tracker witness a performance gain from 10% to 30%.
  • Also, the growth from the commercial sector for ground-mounted solar is further boosting the demand for ground-mounted solar, thereby, propelling the ground mounted solar industry growth during the forecast period (2027).
  • Thus, due to these factors, the demand for crystalline silicon is increasing for the application of ground mounted solar, benefiting the ground mounted solar market growth."

Rapidly Increasing Demand for Solar Energy Booming Creating a Multi-Billion Dollar Market Opportunity

Retrieved on: 
Wednesday, September 20, 2023

PALM BEACH, Fla., Sept. 20, 2023 /PRNewswire/ -- - Electricity demand worldwide is growing rapidly because of economic progress and population growth. The rising level of lifestyle and the expansion of infrastructure are driving up demand for power generation. As a result, most countries are building new solar plants or upgrading old ones to fulfil the rising demand. This is projected to augment demand for ground-mounted solar, propelling the market forward even faster.  In the future electricity generation through solar energy will increase, which will boost the need for new facilities related to solar energy projects, this will create an opportunity for the ground mounted solar market. A report from Industry ARC projects that the global ground mounted solar market size is forecast to reach $9.65 billion by 2027, growing at a CAGR of 9.56% during 2022-2027.   The report said: "The solar panels mounted on the ground are a fixed tilt solar system that can be readily installed in a big yard or field. Furthermore, the panels are identical to pole-mounted solar panels, except that they are placed directly on the ground rather than being elevated on poles. Materials such as crystalline silicon, metals, and more are widely utilized in ground-mounted solar panels because these materials have higher efficiencies, which make them ideal for ground-mounted solar application. A solar panel system equipped with a single-axis solar tracker witness a performance gain from 10% to 30%. Apart from this, ground mounted solar market is primarily driven by the growth of the utility industry. Also, the growth from the commercial sector for ground-mounted solar is further boosting the demand for ground-mounted solar, thereby, propelling the ground mounted solar industry growth during the forecast period (2027).  Active Companies from around the markets with current developments this week include:  SolarBank Corporation (OTCQX: SUUNF) (CSE: SUNN), Tesla, Inc. (NASDAQ:TSLA), Altus Power, Inc., (NYSE: AMPS), Sunrun (NASDAQ: RUN), NextEra Energy, Inc. (NYSE: NEE).

Key Points: 
  • In the future electricity generation through solar energy will increase, which will boost the need for new facilities related to solar energy projects, this will create an opportunity for the ground mounted solar market.
  • A solar panel system equipped with a single-axis solar tracker witness a performance gain from 10% to 30%.
  • Also, the growth from the commercial sector for ground-mounted solar is further boosting the demand for ground-mounted solar, thereby, propelling the ground mounted solar industry growth during the forecast period (2027).
  • Thus, due to these factors, the demand for crystalline silicon is increasing for the application of ground mounted solar, benefiting the ground mounted solar market growth."

Lucy Scientific Discovery Inc. (NASDAQ: LSDI) Acquisition Strategy Differentiates Company in Projected $51B Global Cannabis Market

Retrieved on: 
Friday, September 8, 2023

To view the full publication, “With Increasing Legal Acceptance Global Cannabis Market Projected to Reach $51 Billion in 2023,” please visit: https://IBN.fm/1lmO3

Key Points: 
  • To view the full publication, “With Increasing Legal Acceptance Global Cannabis Market Projected to Reach $51 Billion in 2023,” please visit: https://IBN.fm/1lmO3
    “The global cannabis market just continues to keep growing year after year.
  • The increasing legalization of cannabis and rising acceptance of its use for medical purposes are the key factors driving the growth of the market.
  • A report from Statista projected that revenue in the global cannabis market is projected to reach US$51.27 billion in 2023; revenue is expected to show an annual growth rate (CAGR 2023–2028) of 14.95%, resulting in a market volume of US$102.90 billion by 2028. .
  • Active cannabis companies in the markets this week include: Lucy Scientific Discovery Inc. (LSDI ).”

Gold Ore Market Expected To Reach $26.96 Billion In 2027 as Significant Growth is Forecasted

Retrieved on: 
Thursday, September 7, 2023

/PRNewswire/ -- The majority industry reports project that the gold ore market should continue to see significant growth in the near and long future. Gold ore is a type of rock that contains gold mineral or particles in sufficient quantities to make it economically viable to mine and extract the gold.  A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.  The report said: "The main gold ore mining methods include placer mining, hard rock mining, and others. Placer gold mining is the method of using water to excavate, transport, concentrate, and recover heavy minerals from placer deposits (collections of gold existing in discrete particles or mixed with sand).  The applications include cupellation method refining, inquartation method refining, miller chlorination process refining, Wohlwill electrolytic process refining, and aqua regia process refining used in investment, jewelry, and others."  Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Harmony Gold Mining Company Limited (NYSE: HMY), Kinross Gold Corporation (NYSE: KGC) (TSX: K), Sandstorm Gold Ltd. (NYSE: SAND), (TSX: SSL), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX).

Key Points: 
  • A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%.
  • It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.
  • The increase in demand for gold jewelry propelled and is driving the growth of the gold ore market.
  • Companies operating in the gold ore market are adopting new technologies to sustain their position in the market."

Gold Ore Market Expected To Reach $26.96 Billion In 2027 as Significant Growth is Forecasted

Retrieved on: 
Thursday, September 7, 2023

/PRNewswire/ -- The majority industry reports project that the gold ore market should continue to see significant growth in the near and long future. Gold ore is a type of rock that contains gold mineral or particles in sufficient quantities to make it economically viable to mine and extract the gold.  A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.  The report said: "The main gold ore mining methods include placer mining, hard rock mining, and others. Placer gold mining is the method of using water to excavate, transport, concentrate, and recover heavy minerals from placer deposits (collections of gold existing in discrete particles or mixed with sand).  The applications include cupellation method refining, inquartation method refining, miller chlorination process refining, Wohlwill electrolytic process refining, and aqua regia process refining used in investment, jewelry, and others."  Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Harmony Gold Mining Company Limited (NYSE: HMY), Kinross Gold Corporation (NYSE: KGC) (TSX: K), Sandstorm Gold Ltd. (NYSE: SAND), (TSX: SSL), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX).

Key Points: 
  • A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%.
  • It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.
  • The increase in demand for gold jewelry propelled and is driving the growth of the gold ore market.
  • Companies operating in the gold ore market are adopting new technologies to sustain their position in the market."

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector.  A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.  The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points: 
  • A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
  • The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
  • The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
  • Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Global Smart Home Market Size Projected To Reach $163 Billion By 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The smart homes market has been growing in recent years and is projected to continue for years to come. Smart homes are designed to automate various household appliances and electronics using an in-built monitoring system, thereby offering convenience, safety, efficiency, and security to the residents. The single interface system can monitor and control lighting, security, temperature, and audio/video systems. Security is a major focus of smart homes, and advanced security systems can notify homeowners of intrusions and provide room-by-room surveillance even when they are away. Access control systems play a crucial role in ensuring the security of residential areas. As a result of their high efficiency and sophistication, home automation and control systems are being increasingly used in smart homes to enhance security.  According to a report from MarketsAndMarkets the Global Smart Home Market report size is projected to grow from USD 101.7 billion in 2023 and is anticipated to USD 163.7 billion by 2028; growing at compound annual growth rate (CAGR) of 10.0% from 2023 to 2028.  The report said: "The importance of home monitoring in remote locations, and growing need for energy-saving and low carbon emission-oriented solutions are responsible to drive market growth during the forecast period. Factors such as integration of power line communication technology in smart homes provides market growth opportunities for smart home industry.   Active companies in the markets this week include: SKYX Platforms Corp. (NASDAQ: SKYX), Resideo Technologies, Inc. (NYSE: REZI), ADT Inc. (NYSE: ADT), Johnson Controls International plc (NYSE: JCI), Cisco Systems, Inc. (NASDAQ: CSCO).

Key Points: 
  • /PRNewswire/ -- The smart homes market has been growing in recent years and is projected to continue for years to come.
  • According to a report from MarketsAndMarkets the Global Smart Home Market report size is projected to grow from USD 101.7 billion in 2023 and is anticipated to USD 163.7 billion by 2028; growing at compound annual growth rate (CAGR) of 10.0% from 2023 to 2028.
  • Factors such as integration of power line communication technology in smart homes provides market growth opportunities for smart home industry.
  • The market for proactive software is projected to grow at a higher CAGR during the forecast period.

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector.  A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.  The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points: 
  • A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
  • The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
  • The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
  • Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Global Smart Home Market Size Projected To Reach $163 Billion By 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The smart homes market has been growing in recent years and is projected to continue for years to come. Smart homes are designed to automate various household appliances and electronics using an in-built monitoring system, thereby offering convenience, safety, efficiency, and security to the residents. The single interface system can monitor and control lighting, security, temperature, and audio/video systems. Security is a major focus of smart homes, and advanced security systems can notify homeowners of intrusions and provide room-by-room surveillance even when they are away. Access control systems play a crucial role in ensuring the security of residential areas. As a result of their high efficiency and sophistication, home automation and control systems are being increasingly used in smart homes to enhance security.  According to a report from MarketsAndMarkets the Global Smart Home Market report size is projected to grow from USD 101.7 billion in 2023 and is anticipated to USD 163.7 billion by 2028; growing at compound annual growth rate (CAGR) of 10.0% from 2023 to 2028.  The report said: "The importance of home monitoring in remote locations, and growing need for energy-saving and low carbon emission-oriented solutions are responsible to drive market growth during the forecast period. Factors such as integration of power line communication technology in smart homes provides market growth opportunities for smart home industry.   Active companies in the markets this week include: SKYX Platforms Corp. (NASDAQ: SKYX), Resideo Technologies, Inc. (NYSE: REZI), ADT Inc. (NYSE: ADT), Johnson Controls International plc (NYSE: JCI), Cisco Systems, Inc. (NASDAQ: CSCO).

Key Points: 
  • /PRNewswire/ -- The smart homes market has been growing in recent years and is projected to continue for years to come.
  • According to a report from MarketsAndMarkets the Global Smart Home Market report size is projected to grow from USD 101.7 billion in 2023 and is anticipated to USD 163.7 billion by 2028; growing at compound annual growth rate (CAGR) of 10.0% from 2023 to 2028.
  • Factors such as integration of power line communication technology in smart homes provides market growth opportunities for smart home industry.
  • The market for proactive software is projected to grow at a higher CAGR during the forecast period.

Global Firefighting Drone Market Forecasted to Reach $2.76 Billion by 2030 as Demand Skyrockets

Retrieved on: 
Wednesday, August 23, 2023

PALM BEACH, Fla., Aug. 23, 2023 /PRNewswire/ -- The Firefighting Drone Market has been growing consistently since after the pandemic, and is projected to have substantial growth in the coming years. Firefighting drones can be remotely controlled and can carry firefighting equipment such as foam dispensers or water cannons. The major purpose of designing firefighting drones was to control fires in areas that are inaccessible to firefighters or fire trucks like dense forests and high-rise buildings. These drones are capable to monitor and capture scenes in instances where firefighters and fire trucks cannot reach them. Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period. Growing instances of fire-related accidents in the oil and gas industry are majorly driving the demand for firefighters drones. In this industry, drones are being deployed for several applications such as inspection of offshore platforms, leak detection in pipelines, refining equipment, emergency response, and material handling.  As per Cognitive Market Research's latest published report, the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030. Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.  The report said: "In recent years, firefighting drones are used to fight forest fires. These drones can fly immediately to the location and map the affected area. During a forest fire, a firefighter drone gathers information about hitting hot spots with the help of thermal sensors and provides the information to firefighters. Footage or scenes captured by a firefighter drone is converted into a 3D map that allows civil authorities to determine the extent of the damage after the incident and verify damage claims by insurance companies."  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Lockheed Martin (NYSE: LMT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Boeing (NYSE: BA), NVIDIA Corporation (NASDAQ: NVDA).

Key Points: 
  • Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period.
  • As per Cognitive Market Research's latest published report , the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030.
  • Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.
  • In 2022, North America dominated the firefighting drone market and gained the largest market share of 40.5%.