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Global Vehicle to Grid Market 10 Year Forecast Report 2024-2034 - Supportive Government Regulations and Financial Incentives for V2G Deployment
Mar 19, 2024
DUBLIN, March 18, 2024 /PRNewswire/ -- The "Vehicle to Grid (V2G) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering. World revenue for Vehicle-to-Grid (V2G) Market is forecast to surpass US$ 4.31 billion in 2024, with strong revenue growth through to 2034. Escalating Demand for Electricity, Coupled With a Global Commitment to Reduce Reliance on Fossil Fuels, Resulting in a Surge in the Adoption of Electric VehiclesThe vehicle-to-grid (V2G) market is witnessing unprecedented growth driven by a confluence of factors shaping the future of sustainable transportation and power management. Key drivers include the escalating demand for electricity, coupled with a global commitment to reduce reliance on fossil fuels, resulting in a surge in the adoption of electric vehicles (EVs). This market is characterized by opportunities that lie in the integration of renewable energy sources, such as solar and wind, to meet energy demands, while also addressing challenges associated with the variable nature of these sources.The primary driver for the V2G market is the escalating demand for electricity worldwide. Governments and industries are increasingly recognizing the need for sustainable and low-emission solutions, driving the widespread adoption of EVs. The electrification of the transportation sector not only addresses environmental concerns but also provides a unique opportunity for EVs to serve as mobile energy storage units. This bidirectional flow of power, where EVs can both draw and supply energy to the grid, is a key driver propelling the V2G market forward.Opportunities in the V2G market are abundant, particularly in the integration of renewable energy sources. As countries strive to meet ambitious renewable energy targets, V2G technology becomes an enabler for managing the intermittent nature of solar and wind power. This creates opportunities for smart grid solutions and advanced energy storage systems. Additionally, the idle times of parked EVs present an untapped opportunity for bidirectional ...Full story available on Benzinga.com
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Business
Middle East and Africa Renewable Energy Industry Report 2023-2033: Insights into the Region's Increasing Commitment to Sustainable Development, Energy Security, and Energy Source Diversification
Mar 16, 2024
DUBLIN, March 15, 2024 /PRNewswire/ -- The "Middle East and Africa Renewable Energy Market - A Regional and Country Level Analysis, 2023-2033" report has been added to ResearchAndMarkets.com's offering. The Middle East and Africa (MEA) renewable energy market is experiencing substantial growth driven by a combination of factors that reflect the region's increasing commitment to sustainable development, energy security, and the diversification of energy sources. Governments across the MEA region are actively investing in renewable energy projects as part of their broader efforts to reduce dependency on fossil fuels and mitigate the environmental impact of traditional energy sources. The abundance of solar and wind resources in the region makes these renewable technologies particularly attractive for power generation, contributing significantly to the market's growth.The global push towards decarbonization and the Paris Agreement's goals have prompted many MEA nations to set ambitious renewable energy targets. Governments are implementing favorable policies, incentives, and regulatory frameworks to encourage private investment in renewable projects. This supportive environment is fostering the development of solar, wind, and other renewable energy projects, creating a conducive atmosphere for market growth.Technological advancements and declining costs in renewable energy technologies are key drivers of market expansion. The decreasing cost of solar photovoltaic (PV) panels and wind turbines, coupled with advancements in energy storage solutions, are making renewable energy more economically viable. This trend is attracting both public and private investments, driving the deployment of large-scale renewable projects in the MEA region.Furthermore, the growing awareness of the economic benefits of renewable energy, including job creation and energy independence, is contributing to the market's growth. Analyst PerspectiveThe Middle East and Africa region are ...Full story available on Benzinga.com
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Business
Analyst Ratings For CryoPort
Mar 15, 2024
4 analysts have expressed a variety of opinions on CryoPort (NASDAQ:CYRX) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $17.75, a high estimate of $19.00, and a low estimate of $17.00. This current average has increased by 3.38% from the previous average price target of $17.17. Understanding Analyst Ratings: A Comprehensive Breakdown A clear picture of CryoPort's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target John Sourbeer UBS Raises Neutral $17.00 $14.50 Jacob Johnson Stephens & Co. Maintains Equal-Weight $17.00 - David Saxon Needham Lowers Buy $18.00 $19.00 David Saxon Needham Raises Buy $19.00 $18.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to CryoPort. ...Full story available on Benzinga.com
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Business
Global Electric Scooter Market 2024-2031: 3.6 kW to 7.2 kW Segment is Projected to Exhibit the Highest Growth Rate
Mar 14, 2024
DUBLIN, March 14, 2024 /PRNewswire/ -- The "Global Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Kick scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography - Forecast to 2031" report has been added to ResearchAndMarkets.com's offering. The global electric Scooter market is projected to reach $408.1 billion by 2031, at a CAGR of 21.6% from 2024-2031. By volume, this market is expected to reach 298.5 million units by 2031 at a CAGR of 18.1% during the forecast period 2024 to 2031. The growth of the global electric scooters market is driven by the increasing localization of electric scooter manufacturing in emerging economies, the increasing consumer acceptance of electric two-wheelers compared to ICE two-wheelers, and the rising inclination of developed economies toward electric-powered two-wheelers. However, the growing reliability issues among consumers due to increasing incidents of accidents involving electric two-wheelers and inadequate investment by legacy two-wheeler manufacturers toward electric scooters restrain the growth of this market. The rise in government initiatives to mitigate traffic congestion and pollution is expected to generate market growth opportunities. However, the lack of charging infrastructure poses a major challenge for the market's growth. The market in North America is projected to register the highest growth rate during the forecast period. The growth of this regional market can be attributed to rapid urbanization, increasing environmental consciousness, and the need for flexible and sustainable transportation options. Cities across the U.S. and Canada have embraced electric scooters as a viable solution to address the challenges of traffic congestion and the last-mile commute. The electric motorcycles segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to increasing government policies aimed at promoting electric mobility, growing awareness regarding the need to reduce greenhouse gas emissions and environmental pollution, rising demand for electric motorcycles among consumers, ...Full story available on Benzinga.com
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Business
7 Analysts Have This To Say About Illinois Tool Works
Mar 14, 2024
7 analysts have expressed a variety of opinions on Illinois Tool Works (NYSE:ITW) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 3 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 2 0 3M Ago 0 0 2 1 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $250.86, a high estimate of $303.00, and a low estimate of $224.00. This current average reflects an increase of 4.09% from the previous average price target of $241.00. Breaking Down Analyst Ratings: A Detailed Examination In examining recent analyst actions, we gain insights into how financial experts perceive Illinois Tool Works. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Jamie Cook Truist Securities Announces Buy $303.00 - Joseph O'Dea Wells Fargo Lowers Underweight $240.00 $277.00 Julian Mitchell Barclays Raises Underweight $224.00 $215.00 Nathan Jones Stifel Raises Hold $239.00 $238.00 Andrew Obin B of A Securities Lowers Underperform $235.00 $260.00 Nathan Jones Stifel Raises Hold $238.00 $236.00 Joe O'Dea Wells Fargo Raises Equal-Weight $277.00 $220.00 Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Illinois ...Full story available on Benzinga.com
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Business
Microbial-based Cleaning Products Market Projected to Reach $8.52 billion by 2030 - Exclusive Report by 360iResearch
Mar 14, 2024
PUNE, India, March 14, 2024 /PRNewswire/ -- The report titled "Microbial-based Cleaning Products Market by Product (Biological Odor Control, Enzymatic Cleaners, Industrial Degreasers), Microbe Type (Bacteria, Enzymes, Fungi), Application, Distribution Channel, Distribution Type, End-use - Global Forecast 2024-2030" is now available on 360iResearch.com's offering, presents an analysis indicating that the market projected to grow from a size of $4.61 billion in 2023 to reach $8.52 billion by 2030, at a CAGR of 9.17% over the forecast period. "Emerging Global Trends in Eco-Friendly Cleaning: The Rise of Microbial-Based Solutions" As industries and consumers worldwide shift toward sustainability, microbial-based cleaning products are marking a significant place in the global market as eco-friendly solutions. These innovative products, leveraging the power of beneficial bacteria and enzymes, are redefining standards for cleanliness, hygiene, and environmental stewardship across various sectors. Challenges include higher production costs and competition from traditional chemical-based products exists. The sector is witnessing robust growth, driven by an escalating consumer preference for green products, stringent governmental regulations on chemical usage, and a surge in microbiological research in pharmaceuticals. The Americas is majorly adopting this green transition, spurred by proactive environmental policies and substantial investments in R&D, with both consumer and commercial markets rapidly embracing these non-toxic and effective cleaning agents. Europe shows impressive adoption rates, propelled by rigorous environmental laws and a strong demand for sustainable living options. Similarly, the increasing tourist influx in the Middle East and rising environmental consciousness in Africa highlights the global shift toward eco-friendly cleaning practices. The APAC region, with countries such as China, Japan, and India, is emerging as an effective setting for this burgeoning market, owing to a growing population attuned to sustainable living and supportive governmental initiatives promoting eco-friendly alternatives. This global momentum highlights a promising future for microbial-based cleaning products as essential tools for achieving cleaner, safer, and greener living and working environments. Download Sample Report @ https://www.360iresearch.com/library/intelligence/microbial-based-cleaning-products "Consumer Trends Favor Eco-Conscious, Microbial-Based Cleaning Solutions for Healthier Homes and Planet" Public interest in safeguarding health and the environment propels the shift toward microbial-based cleaning solutions, driving microbial-based cleaning solutions rather than traditional cleaners loaded with harsh chemicals. These choices are ...Full story available on Benzinga.com
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Business
Global Cleanroom Lighting Market Forecast Report to 2029: Rising Adoption of Sensors and Automation in Cleanroom Lighting Solutions
Mar 12, 2024
DUBLIN, March 12, 2024 /PRNewswire/ -- The "Global Cleanroom Lighting Market by Light Source (LED, Fluorescent), Mounting Type (Recessed and Surface Mounted), End User (Healthcare & Life Science, Industrial Manufacturing, Food & Beverages), Offering and Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The Cleanroom Lighting market is projected to reach USD 1.1 billion by 2029 from USD 0.9 billion in 2024; it is expected to grow at a CAGR of 5.4% from 2024 to 2029. Advancements in cleanroom lighting technology, government support from across the globe towards building cleanrooms for industries such as semiconductors fabrication and pharmaceuticals, along with the Increasing adoption of sensors and automation in cleanroom lighting are expected to drive the market in the coming years. Increased demand for energy efficient cleanrooms to drive the growth of Cleanroom Lighting marketThe increased demand for energy-efficient cleanrooms is poised to be a significant driver of growth in the cleanroom lighting market. As industries across pharmaceuticals, biotechnology, semiconductor manufacturing, and healthcare increasingly prioritize sustainability and energy efficiency, cleanroom facilities are adopting technologies that minimize environmental impact. Cleanroom lighting, being an integral component of these controlled environments, is witnessing a surge in demand for energy-efficient solutions.The growing awareness of the impact of energy-efficient practices on operational costs and environmental sustainability is influencing decision-makers in various industries to invest in cleanroom lighting solutions that offer both precision in controlled environments and reduced energy consumption. This alignment of technological advancements, regulatory requirements, and industry priorities positions the cleanroom lighting market to experience notable growth as the demand for energy-efficient cleanrooms continues to rise globally. The Recessed Mounted segment holds the largest market in 2023One of the key drivers for the growth of recessed mounting types is their ability to optimize space within cleanrooms. By seamlessly integrating into the ceiling, recessed fixtures contribute to a clutter-free environment, allowing for efficient use of floor and wall space. This feature is particularly important in industries such as pharmaceuticals, biotechnology, and electronics, where precision and organization are paramount. The aesthetic appeal of recessed lighting, coupled with its ability to provide uniform illumination, enhances the overall visual environment within cleanrooms. Additionally, recessed fixtures offer flexibility in terms of customization, enabling them to be strategically placed to achieve optimal lighting distribution. The Hardware segment of Cleanroom Lighting market is expected to hold largest market share during the forecast periodThe cleanroom lighting ...Full story available on Benzinga.com
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Business
Goldshore Resources' Gold Project Takes Major Step Toward Tier 1 Status With Resource Breakthrough
Mar 11, 2024
Goldshore Resources is exploring its 100%-owned Moss Gold Project in Ontario. Goldshore Resources' updated resource estimate now boasts an indicated mineral resource of 1.5 million oz. of gold and an inferred mineral resource of 5.2 million oz. of gold at its 100%-owned Moss Gold Project. The new numbers represent an overall grade increase by 11%, redefining the potential of the Moss Gold Project to maximize shareholder value. The Moss Gold Project is fully funded through 2025 with a strategic long-term financial commitment. Gold investors typically look at projects with size, scale, and grade because these factors are indicative of the potential economic viability of a mining project. Holding this much sought-after trinity of attributes, Goldshore Resources Inc.’s TSXV: GSHR | OTCQB: GSHRF | FWB: 8X00 march toward being a Tier 1 gold asset got a major boost recently as the company updated the resource estimate for its Moss and East Coldstream deposits at its Moss Gold Project in northwest Ontario. The company's new 2024 Mineral Resource Estimate (MRE) now boasts 1.5 million contained oz. of gold in the indicated resource and 5.2 million contained oz. in the inferred resource at its 100%-owned Moss Gold Project in Northwest Ontario, Canada. The new results come at a time when gold prices are expected to climb to new highs later this year, with a forecasted peak of $2,300/oz in 2025. “Ongoing conflicts, trade tensions and over 60 elections taking place around the world, are likely to encourage investors to turn to gold for its proven track-record as a safe haven asset,” noted Louise Street, senior markets analyst at the World Gold Council, according to a report in Barron's. Brett Richards, Goldshore's Interim CEO said that given the current chaos in the global environment and the upcoming US election, people are going to want to put their liquid assets into wealth preservation products, "and gold is one of those products." "Our new MRE results are extremely encouraging and validate the strategic exploration and drilling campaign we embarked on almost 3 years ago," said Richards, a 34-year veteran in the mining and metals sector. The 2024 Moss Project MRE update is set to be the foundation for resource growth and development towards Tier 1 status and lead to a future Preliminary Economic Assessment (PEA), states Goldshore. "I think Goldshore is starting to become a bit of a unicorn in our peer group. Not only do we have size and scale, but we also have a kind of top-tier grade as compared to our peers." — Brett Richards, Interim CEO, Goldshore Resources Inc. Highlights of Goldshore ...Full story available on Benzinga.com
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