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Longhorn Solar Chosen by Retail Energy Provider Griddy as One of Three Solar Panel Installation Partners

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AUSTIN, Texas, July 31, 2020 /PRNewswire/ — The retail energy provider app, Griddy, chose Longhorn Solar to be one of three partners for solar panel installation for its customers. Griddy is a digital platform that offers its members electricity service at wholesale prices—with a monthly membership fee. Currently, Griddy only provides services to Texas residents.

Griddy recognized the natural correlation between solar production and high wholesale prices before deciding to educate their members on the benefits of solar power. Longhorn Solar is excited to have satisfied the rigorous standards set forth in Griddy’s vetting process, and proud to become a solar installation partner. Texas residents that are Griddy members will now have access to unique purchasing opportunities for solar panel installation by Longhorn Solar.

“We are thrilled to be one of the companies Griddy has chosen for solar panel installation. Longhorn Solar is excited to provide affordable solar panel installation to more people across Texas.” Louis Petrik, Longhorn Solar CEO

The endorsement by Griddy also introduces the high level of quality and service Longhorn Solar provides to Texas residents that were previously unaware of the company. Longhorn Solar offers personalized proposals to customers that come to them through the Griddy partnership.

About Longhorn Solar

Longhorn Solar is a leader in solar panel installation in Texas. They achieve this by insourcing every aspect of the process, which means they are always able to guarantee top-notch work and a stellar customer experience. Their team of certified solar experts works together to create the best solar panel solutions for each customer.

With over 2,200 solar panel installations completed in Texas, Longhorn Solar continues to provide excellent quality and friendly customer service in every transaction. Every installation gets Longhorn Solar closer to its vision of seeing every rooftop in Texas equipped with solar panels. Longhorn Solar has offices in Austin, San Antonio, and Dallas/Fort Worth, Texas. https://longhornsolar.com

For more information, press only:

Louis Petrik, CEO 

Phone: 512.837.4800

Email: [email protected]

Website: https://longhornsolar.com

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SOURCE Longhorn Solar

Source: https://www.prnewswire.com:443/news-releases/longhorn-solar-chosen-by-retail-energy-provider-griddy-as-one-of-three-solar-panel-installation-partners-301104158.html

Energy

Ballard Closes US$402.5 Million Bought Deal Offering of Common Shares

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VANCOUVER, BC, Nov. 27, 2020 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the closing of the previously announced bought deal offering of 20,909,300 common shares of the Company (the “Common Shares”) at a price of US$19.25 per Common Share (the “Offering Price”) for gross proceeds of US$402,504,025 (the “Offering”), and which includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 2,727,300 Common Shares at the Offering Price.

National Bank Financial Inc. and Raymond James Ltd. acted as joint bookrunners for the Offering, with a syndicate of underwriters which included Cormark Securities Inc. and TD Securities Inc.

About Ballard Power Systems
Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks. To learn more about Ballard, please visit www.ballard.com.

SOURCE Ballard Power Systems Inc.

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Source: https://www.prnewswire.com:443/news-releases/ballard-closes-us402-5-million-bought-deal-offering-of-common-shares-301181196.html

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Lithium-ion Battery Market Size USD 129.3 Billion By 2027 At A CAGR of 18.0% | Valuates Reports

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BANGALORE, India, Nov. 27, 2020 /PRNewswire/ — The Lithium-Ion Battery Market is segmented by Component (Cathode, Anode, Electrolytic Solution, and Others), End-use Industry [Electrical & Electronics (Smartphones &Tablet/PC, UPS, and Others) and Automotive (Cars, Buses, &Trucks; Scooters & Bikes;and Trains & Aircraft), and Industrial (Cranes & Forklift, Mining Equipment, and Smart Grid & Renewable Energy Storage). It also covers Global Opportunity Analysis and Industry Forecast to 2027. This report is published on Valuates Reports in the Chemical Industries Category.

The global lithium-ion battery market was valued at USD 36.7 billion in 2019 and is projected to hit USD 129.3 billion by 2027, at a CAGR of 18% from 2020 to 2027.

Major factors driving the growth of lithium-ion battery market size are growing R&D initiatives, increasing consumer electronics adoption, increasing demand for plug-in vehicles, rising need for automation, and battery-operated material-handling equipment in industries.

Advocacy for public and private investment in hybrid cars and electric vehicles has resulted in an increase in research and development (R&D) aimed at producing more efficient and cost-effective lithium-ion batteries. This high level of interest has also led to a rapid expansion of the battery production capacity and has resulted in overcapacity and fragmentation in the Lithium-ion battery market.

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TRENDS INFLUENCING THE LITHIUM-ION BATTERY MARKET SIZE

The recycling initiative that has been started is expected to increase the lithium-ion battery market size. Recycled Li-ion batteries are expected to protect the supply of raw materials, such as lithium and cobalt, and to reduce the dependency on mining and processing materials from natural resources. The recycling of lithium-ion batteries currently used in electric vehicles offers an excellent opportunity for companies to use the refined constituent materials to manufacture lithium-ion batteries to be used in energy storage systems (ESS).

Li-ion batteries can be recharged hundreds of times and are more stable. They seem to have a higher energy density, voltage power and lower self-discharge rates than other rechargeable batteries. This increases power efficiency as a single cell has more charge retention than other forms of batteries. These features are, in turn, expected to fuel the growth of the Li-ion battery market size.

Electrical Vehicles, Large-scale energy storage and stationary standby applications such as UPS and switchgear & control are expected to drive Lithium-ion battery market size.

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LITHIUM-ION BATTERY MARKET SHARE ANALYSIS

Asia-Pacific region is expected to hold the largest Lithium-ion battery market share. This dominance of the Asia Pacific region is an attribute to the growing technological changes and increasing government emphasis on reducing greenhouse gas emissions. The area also has a well-established infrastructure that allows for faster adoption of advanced technologies. In addition, the increasing number of manufacturers supplying lithium-ion batteries at relatively lower prices is another major driver of the growth of the lithium-ion battery market in the region.

North America is expected to see considerable growth over the projected period due to increasing consumer electronics and automobile sales across countries such as the United States and Mexico. The rising demand for lithium-ion batteries in cell phones due to improved performance and extended battery life is expected to drive the Lithium-ion market size in the North American region. Europe and North America are major consumer segments due to a high degree of recognition of the need for energy-efficient batteries.

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KEY SEGMENTATION

By Component

  • Cathode
  • Anode
  • Electrolytic Solution
  • Others

By End-use Industry

  • Electrical & Electronics
    • Smartphones &Tablet/PC
    • UPS
    • Others
  • Automotive
    • Cars, Buses, & Trucks
    • Scooters & Bikes
    • Trains & Aircraft
  • Industrial
    • Cranes & Forklift
    • Mining Equipment
    • Smart Grid & Renewable Energy Storage

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

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SIMILAR REPORTS 

  • The global Lithium-ion Battery Recycling market size is projected to reach USD 19380 million by 2026, from USD 2794.4 million in 2020, at a CAGR of 38.1% during 2021-2026. Major factors driving the growth of Lithium-ion Battery Recycling Market size are increased automotive battery usage, strict government regulation about battery disposal, and a surge in smartphone penetration and laptops.
  • The global Lithium-Ion Battery Separator market size is projected to reach USD 15390 million by 2026, from USD 8084.2 million in 2020, at a CAGR of 11.3% during 2021-2026. Based on application, the Automotive segment is expected to hold the largest Lithium-Ion Battery Separator Market share of about 58%. Consumer Electronics holds the second-largest share of about 31%. The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by TypeType and the application segment in terms of sales and revenue for 2015-2026.
  • The 18650 Lithium Battery market size was valued at 6030 Million US$ in 2018 and is projected to reach 6860 Million US$ by 2025, at a CAGR of 1.6% during the forecast period. With the increasing production capacity, it is expected that the 18650 Lithium Battery raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs will play a significant role in promoting the 18650 Lithium Battery cost. This report presents the worldwide 18650 Lithium Battery market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025) by manufacturers, region, TypeType and application.
  • The lithium-ion battery cathode material market is segmented on the basis of type, end user, and geography. By type, the market is categorized into cobalt, manganese, phosphate, nickel cobalt manganese (NCM OR NMC), lithium iron phosphate (LFP), and others. By end user, it is classified into power tools, medical equipment, consumer electronics products, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
  • Global Rechargeable Lithium Battery Market is segmented by Product-Type: Cylindrical Battery, Prismatic Battery, Application: Consumer Electronics, Automotive, Aerospace and Defense, Medical, Industrial, Power Industry, Others, Region: Global,North America, Europe, Asia-Pacific, and LAMEA.
  • GlobalAnode Grade Material of Lithium Ion Battery market size will increase to 4906. 7 Million USD by 2025, from 1937 Million USD in 2018, at a CAGR of 14. 2% during the forecast period. The report is segmented by Product: Anode Grade Material of Lithium Ion Battery, Lithium-ion batteries, Product-Type: Natural Graphite, Synthetic Graphite, Others, Application: Power Battery, Energy Storage Battery, Digital Battery, Others, Region: Global, North America, LAMEA, Middle East etc.
  • The report represents overall Automotive Lithium Ion Battery Pack market size by analyzing historical data and future prospects. This report focuses on Automotive Lithium Ion Battery Pack volume and value at global level regional level and company level. The report is segmented by Product-Type: Less Than 20 KWH, 20-40 KWH, More Than 40 KWH, Application: Hybrid Electric Vehicle (HEV), Plug-In-Hybrid Vehicles (PHEV), Full Battery Electric Vehicle (BEV), Region: Global, North America, Asia Pacific, LAMEA, etc.
  • Global Li Ion Battery for Ebikes Market Drivers and RestrainsThe research report has incorporated the analysis of different factors that augment the markets growth, Product-Type: Lithium Manganese Oxide Battery, Ternary materials Battery, Lithium Iron Phosphate Battery, Other, Application: Retail, Wholesale, Region: Global, North America, Europe, Asia-Pacific and Latin America.
  • This report represents the overall Cylindrical Li Ion Battery market size by analyzing historical data and future prospects. The Report is segmented by Product-Type: LiCoO2 Battery, NMC/NCA, LiFePO4 Battery, Others, Application: Power Banks, Laptop Battery Packs, Electric Vehicles, Flashlights, Cordless Power Tools, Others, Region: Global, North America, Europe, China and Japan.
  • This report focuses on Electrolyte of lithium ion battery volume and value at the global level regional level and company level. The report is segmented by Product-Type: Liquid Electrolyte, Solid Electrolyte, Application: Consumer Electronic Battery, Automobile Battery, Others, Region: Global, North America, Europe, China and Japan etc.

 Click Here to Find Similar Reports on Lithium ion battery Market

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Energy

CBAK Energy and Kandi Group Signed Supply Framework Agreement

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DALIAN, China, Nov. 27, 2020 /PRNewswire/ — CBAK Energy Technology, Inc. (“CBAK Energy”,NASDAQ: CBAT), a world’s leading lithium-ion battery manufacturer and electric energy solution provider, announced that its wholly owned subsidiary, Dalian CBAK Energy Technology Co., LTD (“Dalian CBAK”, or the “Company”) signed Supply Framework Agreement with Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), a wholly owned subsidiary of Kandi Technology Group (NASDAQ: KNDI) in Hangzhou, Zhejiang province. They will promote the development of pure electric vehicle together. The two parties will play their respective advantage, complement each other with their respective resources. A long-term strategic cooperation partnership would be built for the development, supply and recycling of power batteries.

According to the Supply Framework Agreement, Kandi Vehicles is planning to purchase 800 million RMB (approximately 120 million USD) worth of battery pack system and customized battery manufacturing service in 2021. The power batteries of Dalian CBAK has advantages below: high efficiency power output, good high-temperature performance, long cycle life and fast charging speed. With the help of those qualities, CBAK Energy can help Kandi Vehicles’ electrical vehicles to further upgrade. The two parties will build a green and beautiful future travelling together.

As a world leading lithium ion power battery provider. CBAK Energy focuses on the development, manufacturing and sales of new energy vehicle power battery system solution and energy storage system. CBAK Energy provides the best solutions for global new energy application. Our products cover model 26650 and model 32140 cylindrical Lithium iron phosphate batteries, ternary batteries and lithium manganate batteries. The 32140 cylindrical cell has successfully adopted the tab-less design, which greatly reduced the cell’s impedance and effectively solved the heat dissipation problem for large size lithium ion batteries. Compared to tesla’s 4680 model, which they only applied tab-less design on anode, CBAK’s 32140 battery is tab-less on both cathode and anode, which significantly optimized cell’s performance.

Meanwhile, by enhancing the manufacturing procedure, the difficulty in electrolyte soaking and loss of space in the battery’s case caused by tab-less design has been solved. The application of our product is very competitive in the market which includes passenger vehicle and energy storage etc. 

There is no doubt that CBAK Energy and Kandi Group will extend the in-depth and long-term cooperation, which would facilitate the vehicle industry to become greener and smarter. Win-win result and development would be brought for both parties.

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a global leading high-tech enterprise engaged in the R&D, manufacture, and sales of high power lithium batteries. The application of its products and solutions covers such areas as electric vehicles, light electric vehicles, electric tools, transportation and energy storage. As the first lithium battery company in China to get listed in NASDAQ in January 2005, CBAK Energy possesses China’s first production base specially engaged in power battery, and has its wholly-owned subsidiary, Dalian CBAK Energy Technology Co., Ltd, Dalian CBAK Power Battery Co., Ltd, Nanjing CBAK New Energy Technology Co., Ltd. and a large-scale R&D and production base in Dalian.

For more information, please visit www.cbak.com.cn.

About Kandi Technology Group

Kandi Technology Group is one of the leading electric vehicle supply chain companies in China. Kandi has been listed on the U.S. Nasdaq stock exchange since 2007. Kandi’s headquarters are located in the beautiful lakeside city of Jinhua in the province of Zhejiang. Kandi operates four business lines: the development and sale of pure electric automobiles; electric vehicle parts such as battery packs, motors, etc.; intelligent battery swapping systems; and all-terrain vehicles. Kandi is recognized in China as a national hightech enterprise. It is a member of China’s top 500 machinery companies, as well as the SinoUS clean automobile alliance. Kandi is organized through a number of whollyowned subsidiaries, and also owns 22% of Fengsheng Automobile Technology Group, a cooperative venture with Geely Automotive Group, one of the largest private automobile manufacturers in China.

For more information, please visit ir.kandigroup.com

Safe Harbor Statement

This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All “forward-looking statements” relating to the business of CBAK Energy Technology, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to: the ability of the Company to meet its contract or agreement obligations; the uncertain market for the Company’s lithium battery cells; business, macroeconomic, technological, regulatory, or other factors affecting the profitability of battery cells designed for energy storage; and risks related to CBAK Energy’s business and risks related to operating in China. Please refer to CBAK Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, as well as other SEC reports that have been filed since the date of such annual report, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. CBAK Energy’s actual results could differ materially from those contained in the forward-looking statements. CBAK Energy undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE CBAK Energy Technology, Inc.

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Source: https://www.prnewswire.com:443/news-releases/cbak-energy-and-kandi-group-signed-supply-framework-agreement-301181184.html

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Energy

Level Sensors Market worth $6.1 billion by 2025 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Nov. 27, 2020 /PRNewswire/ — The report “Level Sensors Market by Technology (Contact, Non-Contact), Type (Ultrasonic, Hydrostatic, Magnetostrictive), Monitoring (Continuous, Point Level), End-use Application (Industrial Manufacturing, Oil & Gas, Chemical), and Geography – Global Forecast to 2025”,  published by MarketsandMarkets™, the Level Sensor Market is projected to reach USD 6.1 billion by 2025 from USD 4.3 billion in 2020, it is expected to grow at a CAGR of 7.5% from 2020 to 2025. Factors such as the reduction in the size of sensors, rising adoption of level sensors in process industries, and rising use of IIoT solutions, stable vehicle production worldwide drive the growth of the level sensors market. Rising adoption of industry 4.0 and increasing use of level sensors in environmental applications would provide significant opportunities for the level sensors market.

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Based on technologies, the non-contact segment of the level sensors market is projected to grow at the highest CAGR from 2020 and 2025.

Based on technology, non-contact level sensors are expected to grow at the fastest rate in the level sensors market. While contact level sensors enjoy widespread penetration across several industry verticals and products, they are slowly being replaced by non-contact level sensors, as the latter is more accurate and sophisticated and uses electronic technologies such as capacitive, conductivity, and ultrasonic.

Based on types, the ultrasonic segment of the level sensors market is projected to grow at the highest CAGR from 2020 and 2025.

Based on types, the ultrasonic level sensors are expected to grow at the fastest rate.  Based on type, the ultrasonic sensors market segment is expected to hold the largest share as well as grow at the fastest rate during the forecast period. The ultrasonic level sensor is a non-contact type level sensor that is widely used across industries such as oil & gas, industrial manufacturing, chemical, and energy & power, among others. Since ultrasonic sensors do not have any moving parts, they can measure levels without making any physical contact with the object, making them ideal for adoption in the oil & gas, chemicals, and pharmaceutical industries, among others

Based on monitoring types, the point level monitoring segment of the level sensors market is projected to grow at the highest CAGR from 2020 and 2025.

Based on monitoring types, the level sensors market has been segmented into point level monitoring and continuous level monitoring. Point level monitoring sensors detect when the substance being measured reaches a predefined limit. A sensor that is designed for point level detection will detect the medium at a certain point in the container. The major applications of point level detection lie in process tanks, storage tanks, silos, and pipelines in the process industry. Vibratory probe, rotating paddle, and admittance type level sensors are used for the monitoring of solids, whereas magnetic & mechanical float, pneumatic, and conductive level sensors are used for monitoring liquids.

Browse in-depth TOC on “Level Sensors Market

89 – Tables
64 – Figures
200 – Pages

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Based on end users, the industrial manufacturing segment of the level sensors market is projected to grow at the highest CAGR from 2020 and 2025.

Based on end-users, the level sensors market has been segmented into consumer goods, industrial manufacturing, oil & gas, energy & power, chemical, pharmaceutical, wastewater, healthcare, and others. The major users of these level sensing technologies are process industries. The end-users of level sensors are diverse in terms of the nature of their business and the type of application being measured. The major end-users in the level sensors market are the industrial, power, automotive, and consumer sectors.

The level sensors market in APAC is projected to grow at the highest CAGR from 2020 to 2025.

The level sensors market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The market in APAC is expected to grow at the highest CAGR between 2020 and 2025. Government initiatives and an extensive industrial base are the major factors that make APAC a dynamic region for level sensors, with China and India being the major contributors to the market in APAC.

ABB (Switzerland), Emerson (US), Endress+Hauser (Switzerland), Vega Grieshaber KG (Germany), Siemens (Germany), Honeywell (US), AMETEK (US), Schneider Electric (France), TE Connectivity (Switzerland), Gems Sensors (US) are some of the key players operating in the level sensors market.

Related Reports:

Industrial Sensors Market with Covid-19 impact by Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Temperature and Humidity & Moisture Sensor), Type, End-use industry, and Geography – Global Forecast to 2025

Automotive Sensors Market with COVID-19 Impact Analysis by Type (Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial, Image), Application (Powertrain, Chassis, Safety & Control, Telematics), Vehicle Type, Sales Channel, Region – Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected] 
Research Insight : https://www.marketsandmarkets.com/ResearchInsight/level-sensors-market.asp 
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SOURCE MarketsandMarkets

Source: https://www.prnewswire.com:443/news-releases/level-sensors-market-worth-6-1-billion-by-2025–exclusive-report-by-marketsandmarkets-301181113.html

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