DUBLIN–(BUSINESS WIRE)–The “Global Floor Scrubber Battery Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering.
The floor scrubber battery market is poised to grow by $138.23 mn during 2021-2025, progressing at a CAGR of almost 6%
This study identifies the increasing consumer spending to increase residential demand for floor scrubbers as one of the prime reasons driving the floor scrubber battery market growth during the next few years. Also, advances in floor scrubber machines and growing demand for eco-friendly floor scrubbers will lead to sizable demand in the market.
The market is driven by the increasing adoption of Li-ion battery-powered floor scrubbers, growing adoption of compact and portable floor scrubbers, and growth in tourism and health and retail sectors. In addition, the increasing adoption of Li-ion battery powered floor scrubbers is anticipated to boost the growth of the market as well.
Their report on the floor scrubber battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The floor scrubber battery market analysis includes the type segment and geographic landscape.
The publisher’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading floor scrubber battery market vendors that include Berkshire Hathaway Inc., C&D Technologies Inc., CDN Energy and Power Corp., Continental Batteries, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, EverExceed Industrial Co. Ltd., Exide Industries Ltd., and Exide Technologies.
Also, the floor scrubber battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type
Lead-acid batteries – Market size and forecast 2020-2025
Li-ion batteries – Market size and forecast 2020-2025
Market opportunity by Type
Key leading countries
Market opportunity By Geographical Landscape
Market positioning of vendors
Berkshire Hathaway Inc.
C&D Technologies Inc.
CDN Energy and Power Corp.
Crown Battery Manufacturing Co.
East Penn Manufacturing Co. Inc.
EverExceed Industrial Co. Ltd.
Exide Industries Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/6oev6s
Atop a long-dormant volcano in northern Nevada, workers are preparing to start blasting and digging out a giant pit that will serve as the first new large-scale lithium mine in the United States in more than a decade — a new domestic supply of an essential ingredient in electric car batteries and renewable energy.
The mine, constructed on leased federal lands, could help address the near total reliance by the United States on foreign sources of lithium.
But the project, known as Lithium Americas, has drawn protests from members of a Native American tribe, ranchers and environmental groups because it is expected to use billions of gallons of precious ground water, potentially contaminating some of it for 300 years, while leaving behind a giant mound of waste.
“Blowing up a mountain isn’t green, no matter how much marketing spin people put on it,” said Max Wilbert, who has been living in a tent on the proposed mine site while two lawsuits seeking to block the project wend their way through federal courts.
Electric cars and renewable energy may not be as green as they appear. Production of raw materials like lithium, cobalt and nickel that are essential to these technologies are often ruinous to land, water, wildlife and people.
That environmental toll has often been overlooked in part because there is a race underway among the United States, China, Europe and other major powers. Echoing past contests and wars over gold and oil, governments are fighting for supremacy over minerals that could help countries achieve economic and technological dominance for decades to come.
Developers and lawmakers see this Nevada project, given final approval in the last days of the Trump administration, as part of the opportunity for the United States to become a leader in producing some of these raw materials as President Biden moves aggressively to fight climate change. In addition to Nevada, businesses have proposed lithium production sites in California, Oregon, Tennessee, Arkansas and North Carolina.
But traditional mining is one of the dirtiest businesses out there. That reality is not lost on automakers and renewable-energy businesses.
“Our new clean-energy demands could be creating greater harm, even though its intention is to do good,” said Aimee Boulanger, executive director for the Initiative for Responsible Mining Assurance, a group that vets mines for companies like BMW and Ford Motor. “We can’t allow that to happen.”
assembled by Bloomberg, and a hint of the frenzy underway.
Some of those investors are backing alternatives including a plan to extract lithium from briny water beneath California’s largest lake, the Salton Sea, about 600 miles south of the Lithium Americas site.
At the Salton Sea, investors plan to use specially coated beads to extract lithium salt from the hot liquid pumped up from an aquifer more than 4,000 feet below the surface. The self-contained systems will be connected to geothermal power plants generating emission-free electricity. And in the process, they hope to generate the revenue needed to restore the lake, which has been fouled by toxic runoff from area farms for decades.
Businesses are also hoping to extract lithium from brine in Arkansas, Nevada, North Dakota and at least one more location in the United States.
The United States needs to quickly find new supplies of lithium as automakers ramp up manufacturing of electric vehicles. Lithium is used in electric car batteries because it is lightweight, can store lots of energy and can be repeatedly recharged. Analysts estimate that lithium demand is going to increase tenfold before the end of this decade as Tesla, Volkswagen, General Motors and other automakers introduce dozens of electric models. Other ingredients like cobalt are needed to keep the battery stable.
Even though the United States has some of the world’s largest reserves, the country today has only one large-scale lithium mine, Silver Peak in Nevada, which first opened in the 1960s and is producing just 5,000 tons a year — less than 2 percent of the world’s annual supply. Most of the raw lithium used domestically comes from Latin America or Australia, and most of it is processed and turned into battery cells in China and other Asian countries.
In March, she announced grants to increase production of crucial minerals. “This is a race to the future that America is going to win,” she said.
So far, the Biden administration has not moved to help push more environmentally friendly options — like lithium brine extraction, instead of open pit mines. The Interior Department declined to say whether it would shift its stand on the Lithium Americas permit, which it is defending in court.
Mining companies and related businesses want to accelerate domestic production of lithium and are pressing the administration and key lawmakers to insert a $10 billion grant program into Mr. Biden’s infrastructure bill, arguing that it is a matter of national security.
“Right now, if China decided to cut off the U.S. for a variety of reasons we’re in trouble,” said Ben Steinberg, an Obama administration official turned lobbyist. He was hired in January by Piedmont Lithium, which is working to build an open-pit mine in North Carolina and is one of several companies that have created a trade association for the industry.
Investors are rushing to get permits for new mines and begin production to secure contracts with battery companies and automakers.
Ultimately, federal and state officials will decide which of the two methods — traditional mining or brine extraction — is approved. Both could take hold. Much will depend on how successful environmentalists, tribes and local groups are in blocking projects.
Mr. Bartell’s biggest fear is that the mine will consume the water that keeps his cattle alive. The company has said the mine will consume 3,224 gallons per minute. That could cause the water table to drop on land Mr. Bartell owns by an estimated 12 feet, according to a Lithium Americas consultant.
While producing 66,000 tons a year of battery-grade lithium carbonate, the mine may cause groundwater contamination with metals including antimony and arsenic, according to federal documents.
The lithium will be extracted by mixing clay dug out from the mountainside with as much as 5,800 tons a day of sulfuric acid. This whole process will also create 354 million cubic yards of mining waste that will be loaded with discharge from the sulfuric acid treatment, and may contain modestly radioactive uranium, permit documents disclose.
A Decemberassessment by the Interior Department found that over its 41-year life, the mine would degrade nearly 5,000 acres of winter range used by pronghorn antelope and hurt the habitat of the sage grouse. It would probably also destroy a nesting area for a pair of golden eagles whose feathers are vital to the local tribe’s religious ceremonies.
a lawsuit to try to block the mine.
At the Fort McDermitt Indian Reservation, anger over the project has boiled over, even causing some fights between members as Lithium Americas has offered to hire tribal members in jobs that will pay an average annual wage of $62,675 — twice the county’s per capita income — but that will come with a big trade-off.
“Tell me, what water am I going to drink for 300 years?” Deland Hinkey, a member of the tribe, yelled as a federal official arrived at the reservation in March to brief tribal leaders on the mining plan. “Anybody, answer my question. After you contaminate my water, what I am going to drink for 300 years? You are lying!”
The reservation is nearly 50 miles from the mine site — and far beyond the area where groundwater may be contaminated — but tribe members fear the pollution could spread.
hiring a lobbying team that includes a former Trump White House aide, Jonathan Slemrod.
Lithium Americas, which estimates there is $3.9 billion worth of recoverable lithium at the site, hopes to start mining operations next year. Its largest shareholder is the Chinesecompany Ganfeng Lithium.
A Second Act
CalEnergy, and another business, Energy Source, have tapped the Buttes’ geothermal heat to produce electricity. The systems use naturally occurring underground steam. This same water is loaded with lithium.
Now, Berkshire Hathaway and two other companies — Controlled Thermal Resources and Materials Research — want to install equipment that will extract lithium after the water passes through the geothermal plants, in a process that will take only about two hours.
Rod Colwell, a burly Australian, has spent much of the last decade pitching investors and lawmakers on putting the brine to use. In February, a backhoe plowed dirt on a 7,000-acre site being developed by his company, Controlled Thermal Resources.
“This is the sweet spot,” Mr. Colwell said. “This is the most sustainable lithium in the world, made in America. Who would have thought it? We’ve got this massive opportunity.”
unemployment rate of nearly 16 percent.
“Our region is very rich in natural resources and mineral resources,” said Luis Olmedo, executive director of Comite Civico del Valle, which represents area farm workers. “However, they’re very poorly distributed. The population has not been afforded a seat at the table.”
The state has given millions in grants to lithium extraction companies, and the Legislature is considering requiring carmakers by 2035 to use California sources for some of the lithium in vehicles they sell in the state, the country’s largest electric-car market.
But even these projects have raised some questions.
Geothermal plants produce energy without emissions, but they can require tens of billions of gallons of water annually for cooling. And lithium extraction from brine dredges up minerals like iron and salt that need to be removed before the brine is injected back into the ground.
Similar extraction efforts at the Salton Sea have previously failed. In 2000, CalEnergy proposed spending $200 million to extract zinc and to help restore the Salton Sea. The company gave up on the effort in 2004.
opened demonstration projects using the brine extraction technology, with Standard Lithium tapping into a brine source already being extracted from the ground by an Arkansas chemical plant, meaning it did not need to take additional water from the ground.
“This green aspect is incredibly important,” said Robert Mintak, chief executive of Standard Lithium, who hopes the company will produce 21,000 tons a year of lithium in Arkansas within five years if it can raise $440 million in financing. “The Fred Flintstone approach is not the solution to the lithium challenge.”
Lilac Solutions, whose clients include Controlled Thermal Resources, is also working on direct lithium extraction in Nevada, North Dakota and at least one other U.S. location that it would not disclose. The company predicts that within five years, these projects could produce about 100,000 tons of lithium annually, or 20 times current domestic production.
Executives from companies like Lithium Americans question if these more innovative approaches can deliver all the lithium the world needs.
But automakers are keen to pursue approaches that have a much smaller impact on the environment.
“Indigenous tribes being pushed out or their water being poisoned or any of those types of issues, we just don’t want to be party to that,” said Sue Slaughter, Ford’s purchasing director for supply chain sustainability. “We really want to force the industries that we’re buying materials from to make sure that they’re doing it in a responsible way. As an industry, we are going to bebuying so much of these materials that we do have significant power to leverage that situation very strongly. And we intend to do that.”
Bill and Melinda Gates are divorcing after 27 years of marriage, raising questions about the fate of their vast fortune. Their split could yield the biggest divorce settlement on record, according to Forbes’s calculations, surpassing the $35 billion breakup of Amazon’s Jeff Bezos and MacKenzie Scott. Given the likely sums involved, what happens with the Gateses’ extensive investments and charity work will be monitored at the highest levels of government, business and the nonprofit sector.
What’s at stake: Mr. Gates is the fourth-richest person in the world, according to Forbes, with wealth estimated at $124 billion. The family is the largest owner of farmland in the U.S. His personal investment firm, Cascade Investment, owns big stakes in assets like the Four Seasons, the Canadian National Railway and the AutoNation chain of car dealerships.
The Gateses are believed to have a prenuptial agreement, but its details aren’t publicly known. The divorce petition notes that there is a separation contract in place.
The two have faced relationship struggles in recent years, Andrew, David Gelles and Nick Kulish report in The Times. Mr. Gates stepped down from the boards of Microsoft and Berkshire Hathaway in part to spend more time with his family.
What will happen to the Gates Foundation? The $50 billion nonprofit is one of the biggest philanthropies in the world, giving away about $5 billion each year to causes like global public health and childhood education. Most recently, it was instrumental in forming Covax, the global coronavirus vaccination program. For now, the foundation says little will change in how it is run day to day, but people in its orbit worry that an acrimonious split by its founders could cloud the nonprofit’s plans. “Together they have assured me of their continued commitment to the foundation that they have worked so hard to build together,” the foundation’s chief executive, Mark Suzman, told employees in an email.
When the Gateses created the Giving Pledge, an effort to get wealthy people to donate a majority of their money to charitable causes, they said they would commit to donate “the vast majority of our assets” to the foundation. Much of that money has not yet been donated.
Ms. Gates could separately become a big philanthropic force. She has already used her own investment office, Pivotal Ventures, to donate money to causes like women’s economic empowerment, and could use any settlement to amplify her giving to preferred groups. “You could imagine Melinda Gates being a much more progressive giver on her own,” said David Callahan, the founder of Inside Philanthropy. “She’s going to be a major force in philanthropy for decades to come.”
HERE’S WHAT’S HAPPENING
The Tristate area will reopen sooner than expected. The governors of New York, New Jersey and Connecticut said they would ease most Covid-19 capacity limits on businesses starting on May 19, thanks to declining coronavirus case numbers.
Berkshire Hathaway, the conglomerate run by Warren E. Buffett, reported $11.7 billion in net earnings in the first quarter on Saturday, swinging to a profit from a $49.7 billion loss a year ago as the paper value of its investment gains soared.
Using Berkshire’s preferred financial metric, operating earnings, the company showed a nearly 19 percent year-on-year gain as its wide array of subsidiaries — from energy production to the Burlington Northern Santa Fe railroad to consumer brands — improved their performances.
Among the businesses that saw the biggest improvements was the railroad, which benefited from higher freight volumes as the American economy rebounded from the pandemic. Berkshire’s building products and consumer subsidiaries also posted higher sales, as housing construction and retail buying picked up.
Other parts of Mr. Buffett’s empire continued to show strain, however, particularly industrial manufacturers like Precision Castparts, whose aerospace parts were in lower demand because of the Covid-related drop in travel.
reject proposals to compel Berkshire to disclose more about its subsidiaries’ efforts to address climate change and workplace diversity, raising questions about whether his approach is out of step.
The other proposal, by the shareholder advocacy group As You Sow on behalf of Handlery Hotels, calls on Berkshire to detail its diversity and inclusion efforts, arguing that more diverse workforces perform better.
Berkshire does not dispute the importance of either issue. In its proxy statement to shareholders, which recommends voting against the proposals, the company says that it agrees about the importance of both climate change and a diverse and inclusive work force.
The argument against those proposals is tied to what the company calls its “unusually decentralized” business model. Though its various subsidiaries employ about 360,000 people around the world, Berkshire itself employs only about two dozen at its base in Omaha, Neb., with relatively lean resources to review the efforts of all its portfolio companies. Asking for standardized diversity data for all of its subsidiaries, for instance, would be “unreasonable,” it said.
“I think for a company this size, it’s an extraordinary ask,” Mr. Cunningham said.
Moreover, Mr. Buffett has long played up the independence of his subsidiaries’ chief executives, giving them wide berths so long as their companies perform well. “I don’t believe in imposing my political opinions on the activities of our businesses,” he said at Berkshire’s 2018 annual meeting.
For Berkshire, then, responsibility for action on climate and diversity lies largely with its operating companies. Berkshire Hathaway Energy “determined independently” to back the Paris climate accord and has invested heavily in renewable energy, the proxy statement noted.
The shareholder proposals’ fates aren’t in doubt. Mr. Buffett controls about a third of Berkshire’s voting power, and holds enormous sway over the company’s army of devoted retail investors. Previous efforts to force changes to Berkshire’s governance do not have a great track record: A 2014 proposal to encourage the company to pay a dividend, which was opposed by management, garnered support from less than 3 percent of shareholders.
But even if the proposals fail on Saturday, Berkshire may still need to change. The Securities and Exchange Commission is weighing moves to require companies to provide more disclosure on E.S.G. issues, particularly climate, calling them potentially material financial information.