Circuit Breaker Market Size, Share, Trends, Growth & Forecast
The global Circuit Breaker Market size is expected to grow from an estimated USD 6.5 billion in 2023 to USD 8.6 billion by 2028, at a CAGR of 5.5% during the forecast period. Key drivers for this growth include increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure. Additionally,...
Shore Power Market Size worth $2.8 Billion by 2027
The global Shore Power Market size is expected to grow from an estimated USD 1.6 billion in 2022 to USD 2.8 billion by 2027, at a CAGR of 11.2% according to a new report by MarketsandMarkets™. Shore power, shore-to-ship power, or cold ironing is a technique of supplying electricity from the shore to ships to fulfill their power requirements for onboard electrical systems. This technique is...
Unveiling the Future Trends in the Industrial Control Transformer Market
Global Industrial Control Transformer Market Overview
An industrial control transformer is essentially an isolation transformer that offers great voltage regulation. It is sometimes referred to as control transformer, or control power transformer, or even machine tool transformer. These are designed with low impedance windings for voltage regulation, and can accommodate the high inrush current...
Transformer Oil Market Size, Share, Growth, Analysis & Global Forecast to 2030
The global Transformer Oil Market size is projected to reach USD 3.0 billion in 2030 from USD 2.0 billion in 2023 at a CAGR of 5.9% according to a new report by MarketsandMarkets™. Transformer oil is a special kind of oil that is primarily used in transformers to facilitate insulation and cooling. Transformer oil caters to the T&D, railways and metros, power generation,...
Reed Relay Market May See a Big Move: ABB, Standex International Corporation, Siemens, Schneider
New Revenue Pockets:
The global reed relay market size is estimated to be USD 352 million in 2022 and is projected to reach USD 1,125 million by 2030, at a CAGR of 15.6% during the forecast period. The reed relay market is driven by the growth of increasing adoption of EVs. Reed relays are used in the batteries of EVs. According to International Energy Agency’s Tracking Clean Energy Progress...
Current Trends: A Deep Dive into the High Voltage Cables and Accessories Market
Global Growth Factors:
Factors such as increased investments in electricity grids and growth of offshore wind farms is driving the need for high voltage cables and accessories. It offer insulation and protection to prevent electrical leakage and reduce power losses. Accessories are essential components utilized to establish secure connections and maintain the seamless flow of power, ensuring the...
Switchgear Market Size to Hit $119.9 billion by 2028
According to a research report “Switchgear Market by Insulation (Gas-insulated, Air-insulated), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2-36 kV), High (Above 36 kV), End User and Region – Global Forecast to 2028″ published by MarketsandMarkets, the market size for switchgear is projected to reach approximately USD 119.9 billion by the...
Energy Management Systems Market worth USD 75.6 Billion by 2028
The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% according to a new report by MarketsandMarkets™. EMS determines the most cost-effective configuration for power production, transmission, and distribution throughout the network, considering the required criteria for system stability, safety,...
Electric Motors Market worth USD 186.0 Billion by 2027
The global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0 billion by 2027, at a CAGR of 6.8%. This market is mainly driven by increasing investments in electric vehicles. Increasing demand for HVAC systems among residential, commercial, and industrial end-users, and growing demand for electric motors in manufacturing industries are the major driving factor...
Gas Turbine Market worth USD 22.5 Billion by 2026
The global Gas Turbine Market is expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines.
Power generation segment is expected to lead the gas turbine market
The...