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Shital Thakare

Shital Thakare

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Second-life EV Batteries Market to be Worth $28.17 Billion by 2031

https://finebookmarks.com/story/second-life-ev-batteries-market-to-be-worth-28-17-billion-by-2031/

Second-life batteries are batteries that have reached the end of their "automotive" life but still have a residual capacity of about 70-80%. This means they can be used in stationary systems, in combination with renewable energy generation, such as wind and solar, and/or to supply services to the electricity network. Extending the life of batteries means reducing their carbon footprint and increasing the amount of renewable energy available on the grid.

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Electric Vehicle Battery Materials Market to be Worth $156 Billion by 2031

https://finebookmarks.com/story/electric-vehicle-battery-materials-market-to-be-worth-156-billion-by-2031-3/

The need to increase the storage capacity, lower the cost, and extend the life of lithium-ion batteries is generating the need to develop battery technologies. Some institutes are taking a step to develop battery technology that can improve the battery capacity. DevAdvanced Institute of Science and Technology (JAIST), Japan, discovered a binding copolymer called bis-imino-acenaphthenequinone-paraphenylene (BP) to glue electrodes in the battery.

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Laboratory Water Purification Market to be Worth $5.44 Billion by 2031

https://finebookmarks.com/story/laboratory-water-purification-market-to-be-worth-5-44-billion-by-2031/

A laboratory water purification system delivers pure, continuous, and alternative water that is important for many laboratory experiments. Normal tap water cannot be used for laboratory experiments since it contains many pollutants such as organics, bacteria, gases, particulates, and inorganic ions. Hence, the purification of water is very important in laboratory settings. Water can be purified using various technologies such as deionization, distillation, reverse osmosis, filtration, ultrafiltration, and UV oxidation.

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Parking Management Market to be Worth $12.3 Billion by 2031

https://finebookmarks.com/story/parking-management-market-to-be-worth-12-3-billion-by-2031/

The rising adoption of AI-based services has resulted in a remarkable growth of the parking management market in recent years. This growth is primarily attributed to the increasing use of AI in parking technology for detecting the availability of parking space in a given image using a video feed in real time. AI analyzes the real-time data from sensors, cameras, and other sources to provide drivers with information on available parking spots, reducing the time spent searching for parking.

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Smart Transformers Market to be Worth $3.16 Billion by 2031

https://finebookmarks.com/story/smart-transformers-market-to-be-worth-3-16-billion-by-2031-3/

Smart grids co-ordinate the needs and capabilities of all generators, grid operators, end users, and electricity market stakeholders. It allows the operation of all parts of the system as efficiently as possible, minimizing costs and environmental impacts while maximizing system reliability, resilience, flexibility, and stability.

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Automotive Parts Market to be Worth $824.2 Billion by 2031

https://finebookmarks.com/story/automotive-parts-market-to-be-worth-824-2-billion-by-2031-2/

Compact engines, a type of internal combustion engine, are engineered to be smaller and lighter compared to traditional counterparts. This design facilitates reduced fuel consumption, leading to lower greenhouse gas emissions and decreased reliance on fossil fuels. Despite their compact size, advancements in materials science and engineering enable manufacturers to develop these engines to deliver comparable power output to larger models.

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Autonomous Vehicles Market to be Worth $259.4 Billion by 2031

https://finebookmarks.com/story/autonomous-vehicles-market-to-be-worth-259-4-billion-by-2031/

A luxury car is a car that provides above-average to high-end levels of comfort, features, and equipment. Often, more expensive materials and surface finishes are used, and buyers expect better build quality. Customers in the luxury car market worldwide are increasingly seeking high-end vehicles that offer both luxury and performance. They are looking for cars that provide a comfortable and prestigious driving experience, as well as the latest technological advancements.

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Power Tools Market to be Worth $57.1 Billion by 2031

https://finebookmarks.com/story/power-tools-market-to-be-worth-57-1-billion-by-2031-2/

Emerging technologies such as lithium-ion batteries, solid-state batteries, and graphene batteries offer higher energy density and faster charging times. Long-standing and high-power batteries are needed for power tools to generate instant power. The innovation in battery technology enables the development of more powerful, efficient, and sustainable cordless tools. This helps manufacturers to offer a wider variety of cordless tools, including saws, drills, and impact drivers.

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Power Inverter Market to be Worth $109.7 Billion by 2031

https://finebookmarks.com/story/power-inverter-market-to-be-worth-109-7-billion-by-2031-3/

Commercial buildings are increasingly installing power inverters for daily operations. The growing power outage disrupts the operations leading to lost productivity and revenue. Thus, power inverters are used to provide critical backup power, ensuring a smooth workflow during outages and minimizing downtime. Many commercial spaces, such as retail stores, offices, and hospitals, are increasingly implementing automation technologies.

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Biomarkers Market to be Worth $201.33 Billion by 2031

https://finebookmarks.com/story/biomarkers-market-to-be-worth-201-33-billion-by-2031-2/

Biomarkers are either released by the human body in response to various diseases or by organs that are affected by the disease, such as tumors. Biomarkers are being used increasingly to detect several infectious and chronic diseases, such as cancer, neurological disorders, cardiovascular diseases, and others.