Ring Main Unit Market Shows Enormous Growth with Leading Players ABB, Siemens, Eaton
The global ring main unit market is expected to grow at a CAGR of 6.0% to USD 3.0 billion by 2027, up from an estimated USD 2.3 billion in 2022. The market growth for ring main units can be attributed to the increasing capacity additions and enhancement plans for distribution networks and modernization of existing power infrastructure.
Key Market Players:
The leading players in the global ring...
In-Circuit Test Market Offered in New Research Forecast through 2028
The global in-circuit test market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.2 billion in 2023, at a CAGR of 3.6% during the forecast period. The demand for smaller and slimmer devices, such as smartphones, wearables, and IoT devices, has fueled the adoption of High-Density Interconnect (HDI) technology. As the complexity of PCB designs increases with HDI, the need for in-circuit...
Dry Type Transformer Market worth $9.2 Billion by 2028
The global Dry Type Transformer Market is expected to grow from an estimated USD 6.6 billion in 2023 to USD 9.2 billion by 2028, at a CAGR of 6.8% according to a new report by MarketsandMarkets™. Countries across the globe continue to invest in upgrading and expanding their electrical grids to meet the rising energy demand and integrate renewable energy sources. Surging demand for energy efficient...
Synchronous Generator Market: Trends, Opportunities and Competitive Analysis [2023-2028]
New Revenue Pockets:
The global synchronous generator market size is estimated to be USD 4.7 billion in 2023 and is projected to reach USD 5.9 billion by 2028, at a CAGR of 4.6% during the forecast period. Synchronous generators are essential in power plants for generating electricity on a large scale as they provide grid stability, high efficiency, voltage regulations and synchronization...
Hydrogen Market Pegged for Robust Expansion by 2030
The global hydrogen market is projected to reach USD 410.6 billion by 2030 from an estimated USD 242.7 billion in 2023, at a CAGR of 7.8% during the forecast period. The development of hydrogen infrastructure across various countries such as China, India, US, Germany etc. is fueling to the growth of hydrogen market.
Key Market Players:
Linde plc (Ireland), Air products and Chemicals, Inc. (US),...
Artificial Lift Market worth $9.0 Billion by 2028
The global Artificial Lift Market is projected to reach USD 9.0 billion in 2028 from USD 7.3 billion in 2023 at a CAGR of 4.4% according to a new report by MarketsandMarkets™. Artificial lift comprises techniques in the oil and gas sector to boost hydrocarbon production from wells with insufficient natural pressure. Employed when reservoir pressure is inadequate, methods like rod lift systems,...
High Voltage Cables and Accessories Market Size will Escalate Rapidly in the Near Future
The global high voltage cables and accessories market is projected to reach USD 52.5 billion by 2028 from an estimated USD 40.0 billion in 2023, at a CAGR of 5.6% during the forecast period. High voltage cables and accessories are primarily used in power transmission and distribution systems. They enable the efficient transmission of electricity at high voltage levels from power plants to substations...
Blue Hydrogen Market Size to Reach $44.5 Billion by 2030
The global Blue Hydrogen Market is expected to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, at a CAGR of 11.9% during the forecast period. The blue hydrogen market has a promising growth potential due to several factors, including the role of blue hydrogen in carbon emission reduction, an increase in the demand for fuel cell-based electric vehicles, and a shift toward...
Smart Grid Market Expected to Reach $103.4 Billion by 2026
The global Smart Grid Market size is projected to reach USD 103.4 billion by 2026 from USD 43.1 billion in 2021 at a CAGR of 19.1% during the forecast period. Smart grid technology enables the transition from a traditional energy distribution network to an intelligent electricity grid that allows two-way communication between the utility and its customers. The smart electric grid uses digital communication...
Generator Sales Market Will Generate Massive Revenue In Future 2023-2030
New Revenue Pockets:
The global generator sales market is projected to reach USD 34.5 billion by 2030 from an estimated USD 23.1 billion in 2023, at a CAGR of 5.9% during the forecast period. The growth of the generator sales market is driven by growing demand for constinuous power supply and evolving new technologies such as fuel cell generators.
Increasing demand for uninterrupted and reliable...