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The global flash memory card market reached a value of US$ 7.8 Billion in 2020. Flash memory card, also known as a storage card, refers to a storage device which uses nonvolatile semiconductor memory for the storage of data like pictures, audio, videos, documents and texts in mobile computing devices. These cards have higher-density storage capacities, require less power and can be used with several devices. Additionally, flash memory cards allow swift access and are less prone to mechanical damage. Due to their light weight and compact size, flash memory cards have become a preferred choice among consumers across the globe. Looking forward, the publisher expects the global flash memory card market to exhibit moderate growth during the next five years.
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The global rechargeable battery market reached a value of US$ 94.6 Billion in 2020. A rechargeable battery, also known as a secondary cell, accumulator or storage battery, refers to an electrochemical device that converts chemical energy into electrical energy. These batteries consist of an electrolyte, anode and cathode which produce a current through an electrochemical reaction. They are available in a variety of shapes and sizes ranging from button-sized cells to industrial megawatt systems. Rechargeable batteries have gained immense popularity as they are an ecological and sustainable replacement of non-rechargeable batteries, and provide long-term cost-benefits and enhanced durability. As consumers have been adopting portable devices, such as mobile phones, laptops, cordless power tools and MP3 players, the need for rechargeable batteries has grown substantially over the years.
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The smart grid software market is evaluated at US$6.030 billion for the year 2019 and is projected to grow at a CAGR of 21.21% to reach a market size of US$23.180 billion by the year 2026.
A smart grid is a self-sufficient electricity supply network that uses digital communications technology for monitoring, control, and analysis within the supply chain and can act remotely on network incidents, improving the supply and relationship with the environment by providing reliable and efficient power supply through various smart grid applications and technologies. Smart grid software is an important part of the smart grid infrastructure that helps simplify the implementation and functionality of the smart grid and improve process efficiency and reduce energy production costs. The digital transformation trend in the energy sector is leading to the use of more and more smart grid software which is anticipated to propel the market growth even furt
Press release content from Business Wire. The AP news staff was not involved in its creation.
Worldwide Tubular Membrane Industry to 2026 - Increasing Applications in Chemical Pretreatment Is Driving Growth - ResearchAndMarkets.com
May 10, 2021 GMT
DUBLIN (BUSINESS WIRE) May 10, 2021
The market for tubular membranes is expected to register a CAGR of about 5% during the forecast period.
The major factor driving the growth of the market is the increasing demand from the energy & power industry. Furthermore, applications of the tubular membrane in chemical pretreatment are anticipated to further drive the market. On the flip side, low surface area to volume ration of tubular membranes is expected to hinder the growth of the market.
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The global lithium-ion battery market reached a value of US$ 34.1 Billion in 2020. Looking forward, the global lithium-ion battery market to exhibit strong growth during the next five years.
A lithium-ion battery (LIB) is a rechargeable battery that utilizes an intercalated lithium compound as its electrode. Consisting of the anode, cathode and electrolyte, it is an electrochemical storage device that does not require complete discharge prior to recharging.
It is characterized by higher energy density, minimal maintenance and lower self-discharge rates when compared with its counterparts, such as nickel-cadmium batteries. It also offers a good energy-to-weight ratio and high open-circuit voltage.