End Use Energy Demand Centres

Marine Battery Market worth $2,056 Million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, February 17, 2023

Based on Ship Type, Commercial segment is projected to lead the Marine Battery market during the forecast period.

Key Points: 
  • Based on Ship Type, Commercial segment is projected to lead the Marine Battery market during the forecast period.
  • The adoption of hybrid and electrical systems to replace conventional propulsion systems in order to reduce the carbon and sulfur emissions from the marine vessels is driving the marine battery market.
  • Based on Battery Type, the lithium battery segment is projected to dominate the market share during the forecast period.
  • Based on Propulsion Type, the fully electric segment is projected to lead the Marine Battery market during the forecast period.

Marine Battery Market worth $2,056 Million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, February 17, 2023

Based on Ship Type, Commercial segment is projected to lead the Marine Battery market during the forecast period.

Key Points: 
  • Based on Ship Type, Commercial segment is projected to lead the Marine Battery market during the forecast period.
  • The adoption of hybrid and electrical systems to replace conventional propulsion systems in order to reduce the carbon and sulfur emissions from the marine vessels is driving the marine battery market.
  • Based on Battery Type, the lithium battery segment is projected to dominate the market share during the forecast period.
  • Based on Propulsion Type, the fully electric segment is projected to lead the Marine Battery market during the forecast period.

Global Commercial Drones Market to Reach $561.1 Billion by 2030

Retrieved on: 
Monday, February 13, 2023

In the changed post COVID-19 business landscape, the global market for Commercial Drones estimated at US$20.5 Billion in the year 2022, is projected to reach a revised size of US$561.1 Billion by 2030, growing at a CAGR of 51.2% over the analysis period 2022-2030.

Key Points: 
  • In the changed post COVID-19 business landscape, the global market for Commercial Drones estimated at US$20.5 Billion in the year 2022, is projected to reach a revised size of US$561.1 Billion by 2030, growing at a CAGR of 51.2% over the analysis period 2022-2030.
  • Rotary Blade, one of the segments analyzed in the report, is projected to record a 51% CAGR and reach US$444.1 Billion by the end of the analysis period.
  • The U.S. Market is Estimated at $6 Billion, While China is Forecast to Grow at 47.9% CAGR
    The Commercial Drones market in the U.S. is estimated at US$6 Billion in the year 2022.
  • China, the world`s second largest economy, is forecast to reach a projected market size of US$84.9 Billion by the year 2030 trailing a CAGR of 47.9% over the analysis period 2022 to 2030.

Digital Vault Market to Reach $2.9 Billion, Globally, by 2031 at 14.2% CAGR: Allied Market Research

Retrieved on: 
Thursday, February 9, 2023

PORTLAND, Ore., Feb. 9, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Vault Market by Component (Solution, Service), by Deployment (On Premise, Cloud), by Enterprise Size (Large Enterprise, Small and Medium Enterprise), by End Use (BFSI, IT and Telecom, Manufacturing, Government, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global digital vault industry generated $743.8 million in 2021, and is anticipated to generate $2.9 billion by 2031, witnessing a CAGR of 14.2% from 2022 to 2031.

Key Points: 
  • According to the report, the global digital vault industry generated $743.8 million in 2021, and is anticipated to generate $2.9 billion by 2031, witnessing a CAGR of 14.2% from 2022 to 2031.
  • However, high cost associated with the use of digital vault and availability of various alternative cybersecurity solutions restrict the market growth.
  • The outbreak of the Covid-19 pandemic had a positive impact on the global digital vault market, owing to an increase in online commerce.
  • Digital vault is widely used in BFSI sector as it helps in faster integration and automation of workflow processes.

Digital Vault Market to Reach $2.9 Billion, Globally, by 2031 at 14.2% CAGR: Allied Market Research

Retrieved on: 
Thursday, February 9, 2023

PORTLAND, Ore., Feb. 9, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Vault Market by Component (Solution, Service), by Deployment (On Premise, Cloud), by Enterprise Size (Large Enterprise, Small and Medium Enterprise), by End Use (BFSI, IT and Telecom, Manufacturing, Government, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global digital vault industry generated $743.8 million in 2021, and is anticipated to generate $2.9 billion by 2031, witnessing a CAGR of 14.2% from 2022 to 2031.

Key Points: 
  • According to the report, the global digital vault industry generated $743.8 million in 2021, and is anticipated to generate $2.9 billion by 2031, witnessing a CAGR of 14.2% from 2022 to 2031.
  • However, high cost associated with the use of digital vault and availability of various alternative cybersecurity solutions restrict the market growth.
  • The outbreak of the Covid-19 pandemic had a positive impact on the global digital vault market, owing to an increase in online commerce.
  • Digital vault is widely used in BFSI sector as it helps in faster integration and automation of workflow processes.

CPUC Approves Accelerated Climate Credit for SoCalGas Residential Customers

Retrieved on: 
Thursday, February 2, 2023

LOS ANGELES, Feb. 2, 2023 /PRNewswire/ -- The California Public Utilities Commission (CPUC) today approved the acceleration of the California Climate Credit for Southern California Gas Company (SoCalGas) customers in response to the unprecedented natural gas prices impacting the Western United States. SoCalGas' residential customers will receive a credit of $50.77 in their February or March bill.

Key Points: 
  • SoCalGas residential customers will receive a one-time California Climate Credit of $50.77 in February or March, depending on their billing cycle
    LOS ANGELES, Feb. 2, 2023 /PRNewswire/ -- The California Public Utilities Commission (CPUC) today approved the acceleration of the California Climate Credit for Southern California Gas Company (SoCalGas) customers in response to the unprecedented natural gas prices impacting the Western United States.
  • SoCalGas' residential customers will receive a credit of $50.77 in their February or March bill.
  • Due to high natural gas bills in January, the CPUC voted to accelerate this annual credit to February or March, depending on customers' individual billing cycles.
  • The core procurement rate changes each month and reflects the price SoCalGas pays for natural gas for residential and business customers.

Degaussing System Market worth $740 Million by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, January 16, 2023

CHICAGO, Jan. 16, 2023 /PRNewswire/ -- The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027 according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, Jan. 16, 2023 /PRNewswire/ -- The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027 according to a new report by MarketsandMarkets™.
  • The market growth can be attributed to the increasing importance of the degaussing system in naval warfare for vessel protection.
  • Based on vessel type, the degaussing system market has been segmented into small vessel, medium vessel, and large vessel.
  • This factor supporting the growth of medium vessel market during 2022-2027
    Based on solution, the degaussing system market has been segmented into ranging, degaussing and deperming.

Degaussing System Market worth $740 Million by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, January 16, 2023

CHICAGO, Jan. 16, 2023 /PRNewswire/ -- The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027 according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, Jan. 16, 2023 /PRNewswire/ -- The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027 according to a new report by MarketsandMarkets™.
  • The market growth can be attributed to the increasing importance of the degaussing system in naval warfare for vessel protection.
  • Based on vessel type, the degaussing system market has been segmented into small vessel, medium vessel, and large vessel.
  • This factor supporting the growth of medium vessel market during 2022-2027
    Based on solution, the degaussing system market has been segmented into ranging, degaussing and deperming.

TÜV SÜD America Announces Acquisition of Ruby Canyon Environmental, Inc., and Ruby Canyon México S.A. de C.V.

Retrieved on: 
Tuesday, December 20, 2022

TÜV SÜD America Inc. today announced the acquisition of Ruby Canyon Environmental, Inc., and Ruby Canyon México S.A. de C.V., an independent Greenhouse Gas (GHG) accounting, reporting, and auditing company, located in Grand Junction, Colorado, and Mexico City, Mexico.

Key Points: 
  • TÜV SÜD America Inc. today announced the acquisition of Ruby Canyon Environmental, Inc., and Ruby Canyon México S.A. de C.V., an independent Greenhouse Gas (GHG) accounting, reporting, and auditing company, located in Grand Junction, Colorado, and Mexico City, Mexico.
  • This acquisition will facilitate the growth of TÜV SÜD’s sustainability services under its Climate Action Certification (CAC) business and TÜV SÜD’s Green Energy & Sustainability strategy.
  • With the acquisition of Ruby Canyon Environmental, TÜV SÜD will strengthen its position within the growing market of decarbonization and sustainability in the USA, Mexico, and South America.
  • “We are excited about the addition of Ruby Canyon to TÜV SÜD.

SoCalGas Triples Contribution to Gas Assistance Fund to Help Customers Impacted by Historically High Natural Gas Prices

Retrieved on: 
Friday, January 6, 2023

LOS ANGELES, Jan. 6, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced a $1 million contribution to the Gas Assistance Fund, a program that helps income-qualified customers pay their natural gas bills. Customers will be facing bills that could be double or higher compared to last year's winter bills.

Key Points: 
  • LOS ANGELES, Jan. 6, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced a $1 million contribution to the Gas Assistance Fund , a program that helps income-qualified customers pay their natural gas bills.
  • The high bills are a result of historically high natural gas prices in the western United States.
  • SoCalGas buys natural gas in those markets on behalf of residential and small business customers, and the cost of buying that gas is billed to those customers with no markup, meaning SoCalGas does not profit from gas commodity prices going up.
  • According to the US Energy Information Administration (EIA), a number of factors are contributing to higher natural gas commodity prices.