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A transition toward circular models is already underway, as with the UAE’s Circular Economy Policy 2021-2031 and the KSA’s Circular Carbon Economy. Waste-to-energy plants for treating non-recyclable solid waste. If unchecked, this could result in an increase from 130.6 million metric tons in 2021 to 163.9 million metric tons by 2025.
Hydrogen as a fuel and its role in the decarbonization of the energy sector [i] Fossil fuel consumption coupled with rising industrial activity and transportation requirements have been responsible for greenhouse gas (GHG) linked temperature rise and climate change. The country is targeting to produce 1.4 xiv] Of the total 1.4
billion by 2031, up from $93.33 Technological advances have enabled cheaper satellite manufacturing and increased the need for space launches, necessitating cost-effective and energy-efficient propulsion systems,” said Tiffany Kahapea, Aerospace & Defense Research Analyst at Frost & Sullivan. compound annual growth rate (CAGR).
Sustainable Operations: These intelligent ports prioritize sustainability by integrating renewable energy sources, such as solar and wind power, to minimize their impact on the environment. Waste management and water conservation technology are essential components of their environmentally friendly projects.
Some of the more prominent decarbonization technologies and their adoption have been highlighted below: Prominent technologies Renewable Energy : Renewable energy sources such as solar, wind, hydro, and geothermal power are naturally replenished and have a low carbon footprint. million tonnes of green hydrogen per year by 2031, 7.5
By 2031, the industry value is expected to reach $18.94 from 2022 to 2031. Plant-based foods, functional beverages like energy drinks and kombucha, premium pet care products, clean beauty items, and ready-to-eat meals are expanding rapidly due to changing consumer preferences. trillion in value in 2024, with the U.S.
As global investments in clean energy reach unprecedented levels, the wind turbine materials industry finds itself at a pivotal crossroads. Forecasts indicate that total material consumption will surge beyond 26,000 kilotons by 2031, with the markets value expanding from $26.44 billion in 2024 to $47.41 billion by 2031an impressive 8.7%
With rising demand for electric vehicles (EVs), renewable energy storage, and advanced consumer electronics, battery material innovation has become a critical factor in shaping energy efficiency, supply chain resilience, and environmental impact. Growth Opportunities: AI-based energy management systems.
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