Electric vehicles, much like combustion vehicles, require a suite of fluids in order to operate optimally. However, the quantities and properties of these fluids can be quite different. With a strongly growing EV market, this presents a large opportunity for not just fluid suppliers but also fluid additives and fluid handling component suppliers.

One of the main reasons that electrification is so appealing in any industry is the reduction in operating costs offered by electric machines. This is especially true across the construction, agriculture, and mining (CAM) industries. Large machines with high uptimes, like mining haul trucks, can consume millions of dollars in fuel over their lifetime.

Heating and cooling accounts for approximately 50% of global energy consumption, with 30% of this consumption represented by heating demand from industry. Given that the great majority of industrial heating processes use fossil fuels to generate heat, this has caused industrial heating processes to be responsible for ~25% of global emissions.

According to IEA's 2023 update to its net zero roadmap, carbon capture technologies, more efficient space cooling equipment, and clean energy transitions are all cornerstones of achieving net zero by 2050 and limiting global warming to 1.5°C. Emerging technologies utilizing metal-organic framework (MOF) materials for carbon capture, refrigerant reclamation, direct lithium extraction, HVAC equipment, and various other chemical separations and purification processes can see the advent of disruptive next-generation technologies that are essential for industrial decarbonization.

The risk of missing out on the competitive advantage quantum computing offers is rising. Governments and private investors worldwide are placing multi-billion-dollar bets that the industry will produce huge long-term returns. Yet, for this to be realized, the theoretical advantage of quantum computers must be translated into real-world commercial value. In this article, IDTechEx explores which applications are being developed today across the materials, chemical, automotive, finance, and healthcare industries.

Thursday 6 June 2024 - Construction, Agriculture and Mining: Specialised Machines Require Specialised Batteries; Machine electrification in different CAM markets; Battery sizing and performance requirements across electric CAM machines; Cycle life requirements across different CAM machines; Upcoming battery technologies and how they fit in with the needs of electric CAM machines

Maximizing energy density has been one key area of focus in electric vehicle battery development. Optimizations in cell and battery pack designs, alongside the use of higher nickel NMC and NCA cathodes, have led to steady improvement in battery energy density over the past 10-15 years.

Green hydrogen production utilizes four main electrolyzer technologies: alkaline water electrolysis (AWE), proton exchange membrane (PEM), anion exchange membrane (AEM), and solid oxide electrolyzers (SOEC). Each technology has its own operational principles, performance characteristics, and commercial maturity.

Construction, agriculture, and mining (CAM) machine OEMs have recently started their electrification journey. Over the next 10 years, IDTechEx predicts strong growth in this market, driven by the falling price of batteries and the total cost of ownership benefits that electric machines provide. As such, a new battery market will be created, one that IDTechEx's new "Battery Markets in Construction, Agriculture & Mining Machines 2024-2034" report finds will grow to a value of US$7.8 billion at a 10-year CAGR of 27.1% and with an annual demand of more than 50GWh in 2034.

Sodium-ion batteries are beginning to become increasingly relevant in 2024 after many mass production announcements were made in 2023. OEMs may look to alternative chemistries to reduce reliance on critical minerals with potentially volatile supply chains. NMC(A) batteries are currently the leading battery chemistry in Europe and the UK, while LFP dominates in China.

Thursday 23 May 2024 - An overview of metal-organic frameworks and their emerging applications; Scaling MOF production for industrial applications; Considerations of production cost and selling price of MOFs; Examples of MOF-based point source carbon capture and direct air capture solutions and comparisons with incumbent technology; Outlook for MOFs in carbon capture including opportunities and challenges

Wednesday 15 May 2024 - Next generation anode materials such as silicon, lithium and anode-free designs; Innovations in cathode active materials and their manufacture; Important cell and pack design changes and trends; Key cost and resource consideration from advanced Li-ion battery chemistries; IDTechEx's outlook for advanced Li-ion technology

Over the last three to four years, the driverless robotaxi industry has begun to flourish. Driverless services are coming online in multiple cities across the US and China. IDTechEx's recent report, "Future Automotive Technologies 2024-2034: Applications, Megatrends, Forecasts", predicts that the driverless robotaxi industry will be generating over US$470 billion annually through services in 2034.

As the volume of variable renewable energy (VRE) sources penetrating electricity grids increases globally, so does the need to manage the increasing uncertainty and variability in electricity supply. Long duration energy storage (LDES) technologies will be key in supporting electricity grids with greater penetrations of VRE over the coming decades. However, while many of the LDES technologies are likely to be cheaper than Li-ion batteries, on a US$/kWh basis at longer durations of storage, they will need to generate revenues from multiple sources in order to be profitable.

With the rapid growth of the electric vehicle market and a focus on the importance of safety, EV fire protection brings a large opportunity for material suppliers. In this article by Dr James Edmondson, Research Director here at IDTechEx, we share some of these opportunities including those outside of the automotive market, along with some challenges for material suppliers in this space and findings from recent industry events.

IDTechEx, a trusted provider of independent market intelligence, announces the availability of a new market report, "Battery Markets in Construction, Agriculture & Mining Machines 2024-2034". The report forecasts battery demand for off-highway industries will be worth nearly US$8 billion in 2034.

Thursday 9 May 2024 - Demand and key drivers for industrial thermal energy storage; Thermal energy storage technology overview including working principles, technology considerations (cost, materials, round-trip efficiency, etc.), ETES, TCES, and commercial readiness of these technologies; Key existing and emerging thermal energy storage applications; Market overview and key projects; IDTechEx's outlook and conclusions

The vanadium redox flow battery (VRFB) has prevailed as the most widely deployed and commercialized RFB chemistry over the last decade; despite this, the volume of their installations for stationary energy storage applications is still minimal compared to the incumbent Li-ion battery, but is this set to change?

Metal-organic frameworks (MOFs) are a class of materials with exceptionally high porosity and surface area (up to 7000m2/g). The design flexibility and structural versatility afforded by MOFs have attracted widespread interest in numerous applications, albeit with several unsuccessful attempts to commercialize the materials historically.

Energy is a universally familiar concept, but how it is stored may not be. Battery innovation underpins many sectors, including electric vehicles, sustainability, and renewable energy. Research Director Alex Holland explains how the market is set for greater success in the near future, with innovation in battery technology set to play a key role in this success.