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Data Center Cooling Market |Global Data Center Market

Froststore02 Aug, 2024Business

The data center cooling market is poised to surge from USD 12.7 billion in 2023 to USD 29.6 billion by 2030, reflecting a robust CAGR of 12.8% spanning from 2023 to 2030. Data center cooling systems are key components of data center architecture, which fulfill critical cooling requirements for electronic equipment. The global growth of the internet and mobile devices has led to the creation of enormous volumes of data that need storage and processing. As a result, the construction of data centers of all sizes has reached a frantic pace across the globe?companies seek to take advantage of the data revolution. With data center processing needs increasing, so do the associated cooling requirements, and with cloud computing, 5G, and edge, companies seek ever more unique ways to store and process data, which has led to the adoption of advanced cooling systems to cater to the needs of the modern data center.

Electric Vehicle Industry Trends | Global EV Outlook 2023

Froststore02 Aug, 2024Business

This Frost & Sullivan study provides an outlook for the electric vehicle industry based on the latest industry data; it provides an outline of current trends and an in-depth analysis of future developments, as well as a breakdown of the main stakeholders in the sector and their performance. EV sales in 2022 amounted to a total of 10.5 million, of which 72.7% were BEVs and 27.2% were PHEVs. FCEV sales remained the same as in 2021, which constituted 0.1% of the total EV sales. Global EV penetration increased from 9% in 2021 to 13% in 2022. APAC continued to record the highest y-o-y growth of 82.7%.

Energy Industry Trends | Battery Energy Storage Market | Energy Storage Trends

Froststore02 Aug, 2024Business

Global battery energy storage (BES) deployment grew 51.8% in 2022 from 2021, with 17.54 GW/38.2 GWh commissioned. 2022 was a historic turning point in the clean energy transition. Despite constraints in the supply of critical minerals and materials, shipping, and sitting and permitting processes, BES is a burgeoning technology poised for accelerated growth. A mix of geopolitical, economic, and climate factors pushed governments to scale the extent and pace of climate action. Governments formed policies and plans with long-term effects for renewable energy (RE) and BES, a critical element for the much-needed flexibility and resilience that modern energy systems require. Frost & Sullivan forecasts the global market to grow nearly six-fold, reaching $71.98 billion with a cumulative capacity of 499.10 GW/1,340.00 GWh by 2030.

Pharma Industry Trends 2023 | Pharmaceutical Market Forecast

Froststore02 Aug, 2024Business

This outlook identifies the trends shaping the global pharmaceutical landscape. Market growth will be low in the United States and Europe and highest in the Asia-Pacific, Latin America, and the Rest of the World. The global pharmaceutical market is valued at USD 1450 billion, with an annual growth rate of 5.8%. Explore the Global Pharma Industry Trends 2023 with Frost & Sullivan's comprehensive report.