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DGI plc
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== Further Market Background == In addition to the market information presented above it is important to understand the wider social and political environment in which DGI PLC operates and which creates huge opportunities for its technologies. Path Investments acquired DGI PLC amongst a highly favourable environment for so called “green” technology companies, driven by the world’s commitment and desire to reduce greenhouse emissions. One of the main catalysts for the industry was in 2015 when 196 countries adopted the Paris Agreement, the historic international treaty on climate change. This had the aim of reducing global warming and building resilience to climate change, with an overall goal of limiting warming to no more than 1.5 degrees Celsius. As Align Research writes, according to The Energy and Climate Intelligence Unit, more than 130 countries have now set, or are considering, a target of reducing emissions to net zero by mid-century, with many countries having signed their targets into law. At last year’s COP26 conference in Glasgow, world leaders committed to a range of new emissions reducing strategies, with new technologies flagged as being critical for meeting targets. It’s no surprise that there is big money behind the industry, both from public and private sources. At COP26 one key announcement was that the Glasgow Financial Alliance for Net Zero, a global coalition of leading financial institutions looking to accelerate the transition to a net-zero global economy, has now attracted members with total assets of $130 trillion. On the public side, in the UK the government’s recent Net Zero Strategy: Build Back Greener report highlighted a number of initiatives designed to meet the country’s own net-zero by 2050 target. Important for DGI PLC, the report highlighted that transport is one key area of focus, with the domestic transport sector estimated to have the largest share of UK greenhouse gas emissions of any sector across the economy, at 23% in 2019. Demonstrating the size of the opportunity in the UK, the government estimates that to achieve the level of emissions reductions in the transport sector indicated by its delivery pathway to 2037, there will need to be additional public and private investment of around £220 billion. Further, July 2021’s Transport Decarbonisation plan set out the details of decarbonising the entire transport system in the UK, with initiatives including stopping the sale of new petrol and diesel cars and vans by 2030 and removing all diesel-only trains from the network by 2040. Around the world, over 20 countries, along with a number of provincial and state governments, have set time frames for phasing out sales of new internal combustion engine cars, or only allowing new sales to be electric. '''Sector specific potential''' In the EDT segment, DGI PLC is addressing the electric powertrain market. Components within this include the likes of the motor/generator, battery, power electronics controller, converter, transmission, and onboard charger. According to a July 2021 report from Grand View Research, the global electric powertrain market was valued at $71.86 billion in 2020 and is expected to grow at a CAGR of 33.5% from 2021 to 2028. The includes battery electric vehicles (BEV) and hybrid and plugin hybrid electric vehicles (HEV/PHEV). By component, the report suggests that batteries accounted for a 64% revenue share in 2020, with batteries making up around 50% of the total cost in BEVs. However, technological advancements are expected to produce in a fall in battery prices over the forecast period. Important for DGI PLC, Grand View is looking for the motor/generator segment to deliver a CAGR exceeding 30% over the forecast period. The demand for e-motors is being driven by the increased penetration of BEVs and PHEVs globally. Meanwhile in the EBT segment, a February 2021 report from Global Market Insights valued the stationary storage battery market at $23 billion in 2020 and is looking for it to grow at a CAGR of 25.1% from 2021 to 2030 to reach a value of $140 billion. This is being driven by investment in sustainable energy sources such as solar and wind and the need for efficient energy storage systems. Minerals consultancy Adamas Intelligence meanwhile believes that sodium-ion could capture a 15% share of the global battery market by 2035, driven by scarcity of materials including lithium and cobalt
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