Lux In The News

The ecosystem of connected cars is becoming more complex

DIGITAL JOURNAL - The market for connected cars is also growing, as Lux Research point out in the report “Key Players and Business Models in the Connected Car.” Not only does the report predict that the connected car market willhit $12.7 billion by 2030; the report also reveals an ecosystem of growing complexity.

Synthetic Biology Has High Potential as Alternative Production Method for Chemicals

COATINGS WORLD - Synbio has enabled the creation of organisms that use fermentation to produce a wide variety of chemicals from renewable feedstock, which Lux predicts in its new report, “Strategies for Synbio Success,” will evolve this decade from creating niche, environmentally friendly products to creating new molecules not available with current technology.

Could Covid-19 drive a structural shift in the oil markets?

FORBES - As Arij van Berkel, director at Lux Research points out the traditional oil company approach to a price drop is to maintain investment in exploration and cut downstream investment in refineries and clean energy. With the oil price this low, and many expecting the price to remain low throughout the year, that’s not a strategy that makes much sense.

Beyond the AI Hype: Four Factors Businesses should consider before Investing in AI

TECHNOLOGY FOR YOU - Despite significant hype, most companies still struggle with how to successfully integrate artificial intelligence into their businesses, according to Lux Research’s new report on the state of AI and how companies can improve decision-making around AI.

Lux Finds Personalization is Driving Innovation Across Consumer Markets

TECHNOLOGY FOR YOU - Recent key developments are shaping industry trends across consumer markets for 2020 and beyond. In a new report, Lux Research’s leading agri-food and health analysts collaborated to compile a list of the top developments across applications of digital technologies, resource availability, plant-based foods, and environmental conservation

Energy storage systems set to undergo rapid development

HANOVER MESSE - The US research company Lux Research expects annual sales in the energy storage market to grow to over USD 500 billion by 2035, with mobility applications accounting for the lion’s share of the increase.

Natural Language Processing: An Untapped AI Tool for Innovation?

TECHNOLOGY NETWORKS -  According to Lux Research’s new whitepaper, “Improving the Front End of Innovation with Artificial Intelligence and Machine Learning,” NLP can improve processes including technology landscaping, competitive analysis, and weak signal detection. 

Natural Language Processing is an Untapped AI Tool for Innovation

PR NEWSWIRE - Innovation leaders are seeking ways to use artificial intelligence (AI) effectively to extract value and leverage data for maximum impact. Lux considers natural language processing (NLP) and topic modeling the AI tools of choice. 

Morning Brief: Amazon to add 300 MW of renewables, Falck and ENI partner on development

PV MAGAZINE - “The oil industry is facing an unprecedented drop in demand as a result of the global measures against COVID-19,” assessed Director of Lux Research Arij van Berkel.

FDA puts the brakes on test-at-home coronavirus kits

DIGITAL JOURNAL - Some commentators have expressed concern with the FDA's decision. This includes Lux Research Associate Danielle Bradnan, who tells Digital Journal that she finds the Agency's decision "baffling"

Test developers frustrated by FDA’s resistance to at-home testing

BIOWORLD - Test samples must be shipped to an independent, CLIA-certified lab for many test collection sites, Bradnan said, adding that the process in question “is identical to the process of at-home testing companies, which mainly serve as infrastructural support for sampling.”

Covid-19 halting European PPA market

PV MAGAZINE - Arij van Berkel, this morning said early projections indicated a 20% fall in global demand for oil, only the second such slump on record, with the previous instance occurring in 1980, after the Iranian Revolution a year earlier. 

Solar asks for ‘essential industry’ treatment as COVID-19 sweeps globe

PV TECH - No industry is immune from the impacts of COVID-19 and oil has not escaped unscathed either, according to a release from Lux Research, which reported that oil demand is down 20% as a result of the virus.

Covid-19 triggers 20% drop in oil demand

OFFSHORE TECHNOLOGY - Early figures are suggesting that the outbreak of Covid-19 could have a significant impact on global oil demand, with Arij van Berkel, a director at US-based research firm Lux Research claiming that “early indications by traders suggest a 20% drop in demand.”

US relaxes telemedicine rules as COVID-19 outbreak gathers pace

PHARMAPHORUM - The US government has shaken up access to telemedicine services to make it easier for people to get advice remotely, without having to visit medical facilities overstretched by the COVID-19 pandemic.

Lux Research Predicts Automated Deliveries Will Generate up to $48.4 Billion in Revenue by 2030

PR NEWSWIRE - The rise in e-commerce is fueling rapid growth in parcel delivery volumes, a market expected to grow to $665 billionby 2030.

What 5G means for remote workers

TECHNOLOGY FOR YOU - The resulting impact on remote work done in the field could be substantial. “You have the ability to conduct multi-media assisted collaborations you wouldn’t have been able to accomplish before,” says Michael Sullivan, an analyst at Lux Research.

Lux Research Names Bio-Based Intermediate Chemicals with Best Adoption Potential Over Next Decade

COATINGS WORLD - Lux found that, given the higher costs of production for most drop-in intermediates, those being targeted in the short term will benefit from having niche markets where labeling products as “bio-based” is an asset.

Experts & Economists Weigh in on Covid-19

EPS NEWS - For months, economists – and, frankly, a lot of market research firms-- have practiced a “wait and see” attitude toward the global economic impact of the coronavirus, or Covid-19. As the virus spreads worldwide, the stock market tanks and rebounds and China begins to stabilize, the experts are speaking out:

Superstorms and blackouts are fueling an emerging $50 billion market for rooftop solar companies like Tesla and Sunrun

BUSINESS INSIDER - The residential battery market is growing at a rate of 76% per year and is projected to break $50 billion in revenue by 2035, according to the research firm Lux Research.

How Google's Self-Driving Car Will Change Everything

INVESTOPEDIA - In 2030, self-driving cars are expected to create $87 billion worth of opportunities for automakers and technology developers, said a report by Boston-based Lux Research. Software developers stand to win big.

 

 

Energy storage projects reach ‘investment-grade’ with esVolta’s $140 million debt facility

PV MAGAZINE - It’s energy storage projects as investment-grade finance tools for institutional investors that will grow the energy storage market to $546 billion in annual revenue by 2035, as predicted by Lux Research.

Power Line: Tesla's solar slide, the fastest growing battery industries, and Shell's big bet on hydrogen

BUSINESS INSIDER - We took a look at the six industries fueling that enormous growth. EVs are waaaay out in front. "Everybody is pursuing the electric vehicle market," Lux's Chloe Holzinger told me.

Global energy storage market could grow to $546B, says analyst

RENEWABLE ENERGY WORLD - Lux Research concludes that revenue and deployment growth for the energy storage market will vary drastically over the next three years. Plug-in light-duty vehicles will likely remain the largest market with a predicted $24B increase in revenue by the end of 2022.

Energy Storage Set To Charge Into Central Role In Global Markets

FORBES - The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, up from just $59 billion in 2019, according to a report released by Lux Research.

Report forecasts 600,000MT of alternative proteins for aquafeed by 2024

AQUAFEED.COM - A new report by Lux Research, “Future fish feed: Forecasting alternative aqua feed ingredients,” evaluates insect protein, single-cell protein, and algae protein as options to replace fishmeal. The report predicts that over the next 30 years, 15 million MT of new protein will be needed for aquaculture.

As Hyundai Races Toward Electric Vehicles, Hydrogen-Powered Cars Take A Backseat

FORBES - The Renault-Nissan-Mitsubishi alliance, Tesla and Volkswagen, which held about 70% of Europe’s battery electric vehicle sales last year, will remain Hyundai’s biggest competitors, says Chris Robinson, senior analyst at Lux Research. 

Morning brief: Oil billionaire pursuing perovskites, energy storage market to grow to $546 billion

PV MAGAZINE - The report, “Global Energy Storage Market 2019,” estimates that the three main drivers of energy storage – mobility applications, electronic devices, and stationary storage – will reach an annual combined deployment level of 3,046 GWh over the next 15 years.

Energy Storage Market Predicted to hit $500 Billion by 2035: Lux Research

SAUR ENERGY INTERNATIONAL -Mobility applications remain the long-term growth and demand driver for energy storage through 2035, with personal mobility devices expected to increase to USD 43.7 billion from their current USD 2 billion in revenue.

Tesla’s solar future under scrutiny after Panasonic split

GOVERNORS' WIND & SOLAR ENERGY COALITION - “Tesla has struggled to commercialize its solar roof,” said Benjamin Torda, a research associate at Lux Research Inc., in an email to E&E News. “Panasonic is in the process of divesting from unprofitable businesses, and Tesla’s solar roof is far from a clear money maker.”

Panasonic: ‘Eventually solar-plus-storage will be like air conditioning or HVAC’ but for now it’s an ’emotional sale’

PV MAGAZINE - All data points suggest we’re on the cusp of massive growth in energy storage. The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research.

Total Energy Storage Market to Touch 546 Billion Dollars by 2035: Lux Research

PROCESS WORLDWIDE - The ‘Global Energy Storage Market 2019’ report by Lux Research predicts mobility applications to be a major contributor to the energy storage segment. The other two demand drivers are expected to be electronic devices and stationary storage.

The battery market is set to break half a trillion dollars by 2035. These are the top 6 industries that will fuel that eye-popping growth.

BUSINESS INSIDER - Lithium-ion batteries are projected to drive much of that growth, though new versions of these batteries made with silicon anodes or sheets of lithium metal are expected to amass considerable market share leading up to 2035, Chloe Holzinger, a researcher at Lux, told Business Insider. 

Energy storage market to touch $546 billion by 2035, predicts Lux Research

THE ECONOMIC TIMES - Lux Research estimates that the three main drivers of energy storage – mobility applications, electronic devices, and stationary storage – will reach an annual combined deployment level of 3,046 GWh over the next 15 years, up from the current 164 GWh, with mobility applications making up the lion’s share of the growth.

Electric mobility applications to drive energy storage market

ESI AFRICA - Growth in revenue and deployment for the energy storage market over the next three years will be markedly different from the overall 2035 projections, with plug-in light-duty vehicles remaining the largest market with a predicted $24 billion increase in revenue by the end of 2022.

Energy storage market to top $546bn by 2035 says report

EE NEWS POWER MANAGEMENT - Battery recycling, electric aviation, flow batteries, thin-film batteries, and solid-state battery improvements are set to drive the energy storage market to over $546bn by 2035. 

 

Energy Storage Trends Bode Well For This Tesla Heavy ETF

ETF TRENDS - “The energy storage industry is poised for a massive increase in annual revenue and deployment capacity as key innovative technologies, such as solid-state batteries and flow batteries, reach commercialization,” according to Lux Research.

Energy Storage Market's Annual Revenue to Hit $546 Billion by 2035

ALBAWBA - Growth in revenue and deployment for the energy storage market over the next three years will be markedly different from the overall 2035 projections, with plug-in light-duty vehicles remaining the largest market with a predicted $24 billion increase in revenue by the end of 2022.

The Total Energy Storage Market Is Expected To Grow To $546 Billion In Annual Revenue By 2035

SMART SOLAR - The report, “Global Energy Storage Market 2019,” estimates that the three main drivers of energy storage - mobility applications, electronic devices, and stationary storage - will reach an annual combined deployment level of 3,046 GWh over the next 15 years, up from the current 164 GWh, with mobility applications making up the lion's share of the growth.

Research Group: Energy Storage Market Will Hit $546 Billion by 2035

POWER - A new report from a global research, data, and analytics firm says the total market for energy storage will reach $546 billion in annual revenue over the next 15 years, led by the continued electrification of the transportation sector.

Report Says Energy Storage Market Will Grow to $546 Billion in Revenue by 2035

ENVIRONMENT + ENERGY LEADER - The report identifies five major technologies that are well-positioned to drive growth in energy storage markets: battery recycling, electric aviation, flow batteries, thin-film batteries, and solid-state battery improvements.

World energy storage to grow by 2035: Lux Research report

POWER TECHNOLOGY - Lux Research analyst and report author Chloe Holzinger said: “The energy storage industry is poised for a massive increase in annual revenue and deployment capacity as key innovative technologies, such as solid-state batteries and flow batteries, reach commercialisation.”

 

Lithium price: EVs will be $350bn market in just 15 years

MINING.COM - The report points out that China’s scooter and e-bike sales already exceed 30m units per year and in parts of Europe, e-bikes are also already outselling conventional bicycles. By 2035, personal mobility is forecast to be a $43.7 billion market. 

Lux Predicts Energy Storage Market Will Hit $500 Billion by 2035

PR NEWSWIRE - The report identifies five major technologies that are well-positioned to drive growth in energy storage markets: battery recycling, electric aviation, flow batteries, thin-film batteries, and solid-state battery improvements.

Turn On and Plug In: The Evolution of Connected Cars

IOT NEWS - “The connected car marketplace – and the opportunities surrounding it – has changed significantly since its hyper consumer- and leisure-focused infancy,” said Josh Kern, Analyst at Lux Research and the report’s lead author.

5G mostly hype for now but some in Central Florida ready for faster speeds

ORLANDO SENTINEL - “At this time, consumers are holding on to phones longer and trying to pay less for phones,” Schiavo said. “There has been a lot of pushback on increasing prices. It’s going to take time for phones in the mid-range to get this technology and bring costs down.”

 

Plastic recycling: many technologies available, no winner, says Lux Research

BIO BASED PRESS - In various scenarios, Lux tries to figure out what effect energy and plastic waste prices, as well as the purity of the collected waste, will have on the technology mix. ‘The purity and composition of plastic waste streams are the biggest factors for determining the economics of recycling technologies,’ Charles Willard writes in an answer to my questions.

Crop innovations can protect yields and improve food quality in a changing climate

C&EN - Greener alternatives for making nitrogen would be a boon for agriculture around the world but require significant investments in R&D and capital spending. Unfortunately, industry does not yet have a way to recoup those investments—and that has stymied progress, says Runeel Daliah, an analyst at Lux Research.

 

Electric Vehicle Battery Bet Looks Set To Pay Off Big For Korea’s LG

FORBES - The increased activity in building battery manufacturing facilities near car assembly factories helps LG Chem stay ahead in Europe, says Chloe Herrera, a research associate at Lux Research.

2020 vision: 3 things that could change the world

CASCADE BUSINESS NEWS - Advanced plastic recycling technologies have been, and continue to be, developed to reduce the scale of this issue. Lux Research placed plastic recycling at the number three spot of its ‘Top 20 Transformational Technologies for 2020’.

AI In Your Future?

CONSTRUCTECH - Despite significant hype, most companies still struggle with how to successfully integrate AI into their businesses, according to a Lux Research report on the state of AI and how companies can improve decision-making around AI.

KAIGO RAISES $3 MILLION TO INVEST IN PERSONALIZED NUTRITION

FOOD BUSINESS NEWS - Personalized nutrition is picking up steam. Start-ups in the space have secured more than $150 million, according to Lux Research, and both Edelman and U.S. News & World Report listed it as a top trend for 2020.

Can You See Beyond the Hype?

INDUSTRYWEEK - McCollum tells IndustryWeek, the key to success is to prioritize quick wins early in the process. “This means investing in use cases where AI is more mature and considering how the challenges of scaling a solution across an organization such as data availability can be overcome,” he says. 

Caution Urged for AI Investment

IDM - The massive amounts of hype and promise surrounding AI and related technologies like machine learning and deep learning, is preventing organisations from making critical innovation and investment decisions, according to a new report from research and advisory firm Lux Research.

No Single Technology Likely To Dominate Plastic Recycling

FLEXIBLE PACKAGING - Lux points to a near-term future where no one technology takes a commanding market lead and where market conditions and global public policy will significantly impact each technology.

 

In the Future of Plastic Recycling, No Singular Technology Will Dominate

COATINGS WORLD - "The economics of plastic waste recycling are in continuous flux, with political and economic winds impacting the direction of the four main recycling technologies," said Charles Willard, Lux senior research associate and author of the report.

Rival reports paint China as friend – or foe – of innovation

BIV - The opposing opinions come from two U.S.-based research groups: Lux Research in Boston and the Information Technology and Innovation Foundation (ITIF) in Washington, D.C.

Study cautions against investing too much, too soon in AI technology

DIGITAL INSURANCE - Most organizations are still struggling with how to successfully integrate artificial intelligence into their businesses, according to a new report from research and advisory firm Lux Research on the state of AI and how companies can improve decision-making around the technology.

Cutting Through the Hype of AI

CDO TRENDS - The report by advisory firm Lux Research looks at the current state of artificial intelligence and offering some tips on how organizations can make their AI projects a success. Of note is the assertion by the report that integrating AI can be a gamble for many companies.

Four key indicators to identify virtual power plant markets

SOLAR BUILDER - Surveying the examples where VPPs have been successfully deployed, we at Lux Research have identified four key indicators companies should look for when evaluating new markets to deploy VPPs.

A Realistic Framework for AI in the Enterprise

INFORMATION WEEK - "Given the massive amounts of hype and promise surrounding AI and related technologies like machine learning and deep learning, it's become increasingly difficult to make critical innovation and investment decisions in the space," writes Lux analyst and lead report author Cole McCollum.

Robots for cannabis production? Why growth potential is high

HORTIBIZ - “The development of state specific cannabis regulations remains in flux,” Josh Kern, an analyst for autonomous systems with Lux Research in Boston. “While we expect states to slowly pass industry favorable legislation, it still remains a fragmented industry..."

Edge Computing: Old is New Yet Again

ELECTRONIC DESIGN - According to crunchbase, U.S. venture funding for AI/ML-related companies has gone from less than $100M (less than 50 deals) in 2008 to almost $5,000M (almost 750 deals) in 2017. Likewise, according to Lux Research, AI venture funding in China has gone from less than $100M in 2014 to $3,000M in 2018.

Considering AI: Focus On Outcomes, Not Flashy Tech

MY TECH DECISIONS - Artificial intelligence is grabbing everyone's attention, but technology decision makers should only invest when it actually makes sense, new research says.

Asia to Emerge as Powerhouse; India Lags in Innovation

CXO TODAY - The report by Lux Research titled: “State of Innovation in Asia: Key Industries and Players Shaping Asia’s Innovative Ecosystem,” showed that in 2018, China, Japan and South Korea spent a combined $613 billion on R&D, bagging three of the top five spots globally.

2020: The 5G Revolution Begins

DESTINATION CRM - To show just how pervasive the technology has become, 5G networks claimed the top spot in Lux Research's "20 for 20" report, an annual list of technologies and trends that are expected to transform the way we live, work, and play over the next decade.

Total, cement firm pursue CO2 capture

C&EN - The proposed LafargeHolcim facility would capture CO2 equal to around 9% of emissions from all US cement production. “It is a significant announcement for both the cement and CO2 capture industries,” says Runeel Daliah, an analyst at the technology research firm Lux Research.

SATCOM IoT is Ready for Commercialization

GATEHOUSE TELECOM - Even though most operators rely on the LoRa network, the NarrowBand IoT, or NB-IoT, network is expected to capture over 90 percent of the LPWAN connections globally, according to a report by Lux Research.