The global orthopaedic navigation systems market refers to the industry that manufactures and sells navigation systems used in orthopaedic surgery. These technologies are intended to help surgeons place implants, align bones, and perform other difficult surgeries. Advanced imaging technology is employed in navigation systems to produce a 3D map of the patient’s anatomy, which is subsequently used to guide the surgeon during the procedure.
The growing frequency of orthopaedic illnesses, particularly among the elderly, is driving the market. The increased number of orthopaedic surgeries, especially joint replacement surgeries, is predicted to increase demand for navigation systems in the coming years. Furthermore, technical improvements in navigation systems, such as the incorporation of robotics, artificial intelligence, and augmented reality, are likely to open up new market growth prospects.
Download Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=7670
Key Takeaways from Market Study
- The global market for distributed energy storage systems is projected to grow 2.5X and reach US$ 10.6 billion by 2032.
- The market exhibited 7.2% CAGR between 2017 and 2021.
- Under battery type, lithium-ion batteries dominate with US$ 1.5 billion valuation in 2022.
- North America accounted for a market of 27.5% market in 2021.
- East Asia represents 21.5% market share in 2022.
- Distributed energy storage system sales are expected to increase at CAGRs of 11.4% and 9.4% in East Asia and North America, respectively.
Market Development
Collaborations between various companies, from power, battery, and electric vehicles, to construct distributed energy storage systems has had a significant impact on overall market expansion. Advancements in storage systems such as enhanced power storage capacity, integration of smart features such as control and monitoring of power generation and consumption, use of synthetic hydrogen and methane, utilization of various distributed energy resources, and others have created significant market growth opportunities.
Competitive Landscape
- Tensorpack T 200kWh/100kW distributed energy storage DES system, battery, and energy management system from Lingtan Intelligence were made available in June 2022. It integrated batteries, a thermal management system, a DC/AC bidirectional converter, and a fire protection system inside the cabinet.
- Gogoro, Taipower, and Enel X joined forces in October 2021 to provide bidirectional charging through their battery swapping stations. By utilizing more varied sources, this will broaden distributed energy storage systems.
- SimpliPhi Power and Lumin joined forces in September 2021 to release a user-friendly app to track the production, use, and management of storage systems.
Key Companies Profiled
- Fluence
- GENERAL ELECTRIC
- Hitachi Energy Ltd.
- Jabil Inc.
- Johnson Controls
- NextEra Energy Resources, LLC
- Juniper Networks
- Panasonic Corporation
- SAMSUNG SDI CO., LTD.
- Schneider Electric
- Tesla
- TOSHIBA CORPORATION
Some key questions that could be covered in a report on the distributed energy storage system market are:
- What are the current trends and developments in the distributed energy storage system market, and how are they expected to shape the market in the coming years?
- What are the key drivers, challenges, and opportunities in the distributed energy storage system market?
- What is the market size and growth rate of the distributed energy storage system market, and how is it expected to evolve in the forecast period?
- What are the different types of energy storage systems available in the market, and how do they differ in terms of technology, performance, and pricing?
- What are the key applications of energy storage systems in the distributed energy market, and how are they being used to improve energy efficiency and reliability?
