Electrical Bushings Market Estimated to Reach $2.96 Billion by 2023
The global electrical bushings market is projected to grow at a CAGR of 3.86%, from 2018 to
2023. In 2017, Asia Pacific was the largest market for electrical bushings,
followed by Europe and North America. The growth of the electrical
bushings market is mainly driven by rising electrical network expenditure and
the increasing demand for electrical equipment from end-users such as railways
and...
Electric Insulator Market expected to Grow $13.34 Billion by 2023
The global electric
insulator market is expected to grow from an estimated USD 10.17 billion in
2018 to USD 13.34 billion by 2023, at a CAGR of 5.58%. In 2018, the market in
Asia Pacific is estimated to be the largest, followed by North America. Factors
such as increasing investments in T&D networks, refurbishment of existing
grid networks, and growing adoption of renewable energy sources are...
Digital Utility Market to Cross $244.31 Billion by 2022
The global digital
utility market is expected to grow from an estimated $135.16 billion
in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The
North America is currently the largest market for digital utility, closely
followed by the Europe and Asia-Pacific market. However, by 2022, the market in
Asia-Pacific is projected to gain the largest share. The Digital utility...
Distributed Generation Market to exceed $103.38 Billion by 2022
The global distributed
generation market is expected to grow from an estimated USD 60.04 Billion
in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be
attributed to the increased global demand for electricity, decreasing costs of
solar technology, and rising efforts to reduce global greenhouse gas emissions.
The growing demands for electric power accompanied with regulatory...
Gas-insulated Switchgear Market is Booming Worldwide with ABB, Schneider Electric, Siemens, Eaton, and General Electric.
The global gas-insulated
switchgear market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable
energy and government initiatives to reduce carbon emissions is likely to drive
the market for gas-insulated switchgear market globally. Also, the expansion of
electrical grids due to the growing industrialization and urbanization...
At CAGR of 29.68%, Virtual Power Plant Market to exceed $709.2 Million by 2021
The global virtual
power plant market is expected to grow from USD 193.4 million in 2016 to
USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021. North America
is estimated to be the largest market for virtual power plants, followed by
Europe in 2016. This trend is expected to continue till 2021. The growth of the
virtual power plant market is driven by increasing share of renewable energy...
Offshore Wind Market will surge to $56.8 Billion by 2026
According to the new market research report
“Offshore
Wind Market by Component (Turbines (Nacelle, Rotors & Blades, Tower),
Substructure, Electrical Infrastructure), Location (Shallow Water, Transitional
Water, & Deepwater) and Region (North America, Asia Pacific, & Europe)
– Global forecast to 2026“, published by
MarketsandMarkets™, the global offshore wind market...
Transformer Oil Market to Grow $3.3 Billion by 2030 | Nynas AB, Ergon, Inc., PetroChina Company Limited, APAR Industries, and Sinopec Lubricant Company.
According to the new market research report
“Transformer Oil Market by Oil Type (Mineral (Naphthenic,
Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear,
Reactor), End User (Transmission & Distribution, Power Generation, Railways
& Metros), and Region – Global Forecast to 2030 “, published by MarketsandMarkets™, the global Transformer
Oil Market size...
Global $3.6 Bn Microgrid Control System Market to 2023: Increasing Demand for Reliable and Secure Power Supply Worldwide
Global Microgrid Control System Market Overview
The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control...
Gas Turbines Market to exceed $20.66 Billion by 2022
The global Gas
Turbines Market is expected to grow from an estimated $17.51 billion in
2017 to $20.66 billion by 2022, at a CAGR of 3.36%, from 2017 to 2022. The
shale gas boom in North America and decommissioning of nuclear plants in Europe
are likely to boost the demand for gas turbines in these regions. The demand
for gas turbines in the Middle East & Africa, Latin America, and Asia
Pacific...