Technology

Sustainable energy products & technology market: A high potential market with growth expected to exceed 25% by 2030 – Horizon Databook by Grand View Research

Published

2 years ago

July 4, 2024

SAN FRANCISCO, July 4, 2024 /PRNewswire/ — Growing intervention by governments and climate agencies across the globe to adopt clean and low carbon fuel for automotive and industrial applications has been a key driving factor for the growth of renewable energy market, a trend that is expected to continue over the forecast year. The global renewable energy market was valued at US$ 1,060.5 billion in 2022 and is likely to grow at a CAGR of 16.5% from 2023 to 2030 as reported in Horizon Databook by Grand View Research.

Rise in the adoption of EVs (electric vehicles) coupled with increasing penetration of solar and wind power in accordance with targets of achieving NetZero is expected to play a crucial role in substituting fossil fuel-based energy sources over the next couple of decades. Demand for batteries, primarily for EVs, has seen exponential growth since the last decade and is expected to continue over the forecast period.

Horizon has a wide array of renewable energy topics within its database. Listed below are the top 10 trending sustainable energy products & technology:

Solar power is most penetrative renewable energy source and with partially and fully tropical countries of Asia Pacific and Africa’s increasing investment into solar power it’s well ahead of other energy sources. The global solar PV modules market is expected to reach US$ 287.13 billion by 2030.Electric vehicles are slowly taking over the IC engine-based vehicle and this trend is evident in the developed economies of North America and Europe. Emergence of EV as a front runner has created a huge supply-demand imbalances for the batteries used as power source. Lithium-ion battery is the first choice of EV manufacturers with demand topping the charts. The global lithium-ion battery market is expected to witness a CAGR of over 28.7% over the forecast period.Global electric vehicle (EV) battery recycling market is expected to witness surge of a massive 61.7% by 2030.Focus of governments to increase their renewable energy share in overall energy mix coupled with growing awareness towards recycling has led to the emergence of biomass power. The global demand for biomass power is expected to exceed US$ 200 billion by 2030Global waste management market is expected to grow at compounded annual growth rate of 5.5% over the next 6 years.Rise of water-borne diseases coupled with scarcity of water has been a major push for water treatment technologies. The global water and waste water treatment equipment market is expected to reach US$ 90 billion by 2030.Hydrogen is considered to the be fuel of the future and is expected to give a stiff competition to EVs in the automotive sector. The global hydrogen generation market is expected to grow at a CAGR of 9.3% from 2024 to 2030Focus towards reducing GHG effect on the environment has led to surge in HVAC technology and products demand. The global HVAC systems market was valued at US$ 233.5 billion in 2023. The U.S. HVAC systems market is expected to witness a growth of 7.3% from 2024 to 2030.Outbreak of Covid-19 has been instrumental in resurgence of air purifiers. The global air purifier market is expected to reach US$ 25.58 billion by 2030.Insulation products have played a key role in energy saving. The global insulation market was valued at US$ 54.84 billion in 2023.

About Horizon Databook – The most extensive market research database

Horizon Databook is the largest market research database with over 1 million data points across 20,000+ markets. The platform is first-in-class and is designed to service a full suite of market research clients. It is a one, five solution platform and includes the following:

Over 1 million market statistics: Global, regional and country (25+) statistics focusing on revenue, volume and growth spanning across a timeline of 10 years form the core of this platform.The platform hosts over 25,000 market reports ready to be downloaded or viewed online in an HTML format. These reports are a comprehensive analysis of a market and cover everything from market statistics, drivers and restraints to detailed company analyses.5 million+ companies: Detailed financial performance, deals and latest news are all an integral part of Horizon. We have partnered with industry pioneers to provide accurate and latest competitive data.

Contact Info

201 Spear Street 1100,
San Francisco, CA, 94105, United States
+1-415-854-0727
horizon@grandviewresearch.com

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Technology

Monnit Introduces NIST Detachable Leads to Streamline Compliance Monitoring

Published

56 minutes ago

June 18, 2026

New hot-swappable lead architecture reduces downtime, simplifies recertification, and helps organizations maintain continuous monitoring.

SALT LAKE CITY, June 18, 2026 /PRNewswire/ — Monnit announced new NIST Standard and Low Temperature and Humidity Detachable Leads for compatible ALTA® Sensor Bases designed to simplify sensor recertification, reduce downtime, and support continuous compliance monitoring.

“Organizations shouldn’t have to choose between maintaining compliance and operational continuity,” said Brad Walters, Founder and CEO of Monnit. “Our detachable lead architecture allows customers to hot-swap certified leads in minutes while preserving traceability and keeping trusted monitoring programs running.”

Each NIST Detachable Lead is uniquely calibrated and designed to support traceability requirements aligned with the National Institute of Standards and Technology (NIST) standards.

Rather than removing and shipping an entire sensor for recertification, customers can disconnect only the lead, connect a certified replacement, and send the original lead for recalibration. This approach is ideal for pharmaceuticals, healthcare facilities, laboratories, food storage operations, manufacturing environments, and other applications that require calibration records.

In addition to these hot-swappable, removable leads or cables with probes, we offer short Monnit Standard Temperature and Humidity Detachable Non-Leaded Probes that you can connect to compatible sensor bases.

Each NIST Detachable Lead or Probe connects to compatible ALTA Industrial and Enterprise Sensor Bases via sealed, keyed M8 6-pin connectors designed for field installation. Embedded memory within the lead stores unique lead and sensor identification, calibration data, certification information, and traceability records.

Key features and benefits include:

Hot-swappable lead replacement that minimizes downtime and monitoring interruptionsNIST-traceable calibration support and ISO 17025-accredited lab certificationSupport for FDA 21 CFR Part 11 workflows and audit programsAutomatic synchronization of calibration information with iMonnit® SoftwareLogging of lead connection and disconnection events in iMonnitHot-swapping capability while powered on or off for easier servicing

Monnit and its accredited lab partner, Sensor Calibrations, provide 25-month certificates for NIST Detachable Standard Temperature Leads and 13-month certificates for NIST Detachable Low Temperature and Humidity Leads.

Compatible ALTA Sensor Bases automatically recognize connected lead types and maintain digital maintenance records, helping organizations avoid monitoring gaps caused by traditional recertification.

About Monnit Corporation
The origin story of the Internet of Things (IoT) begins with Monnit. Before our inception in 2010, we were already at the forefront of embedding technology into machines and devices to enable them to talk and deliver valuable data to business leaders. Monnit Remote Monitoring Solutions for nearly any industry use case have delivered 72B+ data points in 130+ countries for 90K+ customers. Monnit’s 80+ long-range IoT sensors remotely monitor many conditions such as temperature, light, humidity, water, vibration, pressure, and more. You can analyze data using iMonnit cloud software and get alerts via email, text, push notification, or call when our sensors detect a change you should know.

Media Contact:
David Hill
Marketing Communications
801-505-8172
417089@email4pr.com

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SOURCE Monnit

Technology

Monnit Introduces NIST Detachable Leads to Streamline Compliance Monitoring

Published

56 minutes ago

June 18, 2026

New hot-swappable lead architecture reduces downtime, simplifies recertification, and helps organizations maintain continuous monitoring.

Each NIST Detachable Lead is uniquely calibrated and designed to support traceability requirements aligned with the National Institute of Standards and Technology (NIST) standards.

Key features and benefits include:

Compatible ALTA Sensor Bases automatically recognize connected lead types and maintain digital maintenance records, helping organizations avoid monitoring gaps caused by traditional recertification.

Media Contact:
David Hill
Marketing Communications
801-505-8172
417089@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/monnit-introduces-nist-detachable-leads-to-streamline-compliance-monitoring-302803906.html

SOURCE Monnit

Technology

deepset Joins HPE’s Unleash AI Program to Accelerate Sovereign Agentic AI

Published

56 minutes ago

June 18, 2026

SAN JOSE, Calif., June 18, 2026 /PRNewswire/ — deepset, the company behind Haystack, the production-ready open-source AI agent framework and platform, today announced it has joined the HPE Unleash AI partner program to help government, defense, and regulated enterprises deploy production-grade AI systems in sovereign, self-hosted, and air-gapped environments.

As part of the collaboration, deepset will leverage the Haystack Enterprise Platform, deepset’s platform for building, orchestrating, and governing AI agents and applications, and HPE’s AI ecosystem and infrastructure portfolio to help organizations rapidly identify and operationalize high-value AI use cases while reducing deployment complexity and risk. This enables customers to access AI-ready infrastructure, strategic guidance, and accelerated pilot execution to address their most challenging AI adoption and operationalization needs.

Together, the companies enable organizations to deploy AI agents, multi-agent systems, and Retrieval-Augmented Generation (RAG) applications on self-hosted, sovereign, and air-gapped infrastructure while maintaining full ownership over sensitive and classified data, models, and AI operations.

Customers can leverage the joint architecture to operationalize governed AI applications faster while maintaining the security, compliance, and deployment flexibility required for sovereign and mission-critical environments.

The HPE Unleash AI partner program is a curated ecosystem, combining ISV solutions that go through comprehensive validation testing with engineered HPE AI systems, including HPE Private Cloud AI and the broader HPE AI Factory with NVIDIA solutions, to deliver the performance, security, and scalability enterprises need for production AI. By joining the program, deepset expands access to governed AI platform capabilities designed for organizations operating in highly regulated environments, including public sector, defense, cybersecurity, and enterprise industries.

The Haystack Enterprise Platform enables organizations to:

Build and govern AI agents, multi-agent systems, and RAG applicationsDeploy AI on self-hosted, private cloud, and air-gapped infrastructureOrchestrate modular AI pipelines across models, databases, and enterprise systemsEnforce governance, auditability, and lifecycle management for production AISupport sovereign AI initiatives aligned with European and national security requirements

The collaboration builds on deepset’s experience supporting sovereign AI initiatives with organizations including the European Commission, the German Ministry of Research, Technology and Space (BMFTR), and other government, defense, and enterprise organizations deploying sovereign AI systems under strict governance and security requirements.

“With agentic AI moving into operational deployment, organizations need infrastructure and AI platforms they can control and trust,” said Milos Rusic, CEO and co-founder of deepset. “The challenge is getting agentic systems into production while maintaining control over infrastructure, governance, and sensitive data. Together with HPE, we’re helping customers deploy governed AI systems faster across highly regulated and mission-critical environments.”

Use cases supported through the joint architecture include:

Sovereign AI platform for public sector & regulated industry institutionsSovereign AI intelligence and decision-support systems for classified operationsCybersecurity investigation and threat analysisAI agents for technology, manufacturing, research, legal, and financial workflows

“The Unleash AI program is designed to help organizations deploy AI solutions faster and with greater operational confidence,” said Robin Braun, Vice President of AI Business Development, Hybrid Cloud, HPE. “Together, HPE and deepset are delivering secure, governed AI solutions that combine enterprise-grade infrastructure with flexible and governed AI agent capabilities to help customers operationalize AI across hybrid, sovereign, and classified environments.”

For more information, visit https://www.deepset.ai

About deepset

deepset is the company behind Haystack, the leading open-source framework and platform for building production-grade AI applications and agentic systems. deepset enables enterprises and public sector organizations to develop, deploy, and govern flexible AI applications powered by their choice of large language models, enterprise data, infrastructure, and governance policies across cloud, hybrid, and sovereign environments.

Media Contact
Steph McGuirk
417109@email4pr.com
845.269.8868

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SOURCE deepset