Industrial Control Transformer Market Surge Towards Solid Growth by 2027
The global industrial control transformer market size will grow to USD 1.2 billion by 2027 from USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. Rising energy consumption across industries, increasing usage of industrial control transformers in major industries, hence these are driving the demand of industrial control transformer globally. Moreover, growing manufacturing industry...
Remote Power Panel Market Size to Reach $1.4 billion by 2028
According to a research report “Remote Power Panel Market by Type (Wall-mounted, Floor-standing), Application (Network Cabinets, Server Rooms, Data Centers (Cloud, Enterprise)) & Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Global Forecast to 2028″ published by MarketsandMarkets, the global remote power panel market is projected to reach...
Circuit Breaker Market Trends, Analysis, and Growth through 2025
The global circuit breaker market size is expected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9%, during the forecast period. Circuit breakers are electrical devices that protect electrical systems and equipment from damage by interrupting the flow of current in the event of an overload, short circuit, or ground fault. The global circuit breaker market...
Protective Relay Market worth $2.7 Billion by 2025
The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and...
Electrical Bushings Market worth $2.96 Billion by 2023
The global electrical bushings market is expected to grow from an estimated USD 2.45 Billion in 2018 to USD 2.96 Billion by 2023, at a CAGR of 3.86%, during the forecast period. 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...
Switchgear Monitoring System Market Surge to $2.1 Billion by 2025
The global Switchgear Monitoring System Market size is expected to grow from an estimated USD 1.3 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 9.7%, during the forecast period. The demand for safe and secure electrical distribution systems, the need for the continuous monitoring of switchgear, the revival of investments in the construction sector, and growing investments in renewable...
Smart Grid Market Size to Reach $103.4 Billion by 2026
The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. The modernization of aging grid infrastructure is one of the primary factors driving the smart grid market growth. Moreover, the government across the world is encouraging investments in smart grids.
Smart grid technology...
Gas Insulated Switchgear Market worth $31.3 Billion by 2027
The
global Gas Insulated Switchgear Market is projected to grow from USD 23.1 billion in 2022 to USD 31.3 billion
by 2027, at a CAGR of 6.3% according to a new report by MarketsandMarkets™. The Gas Insulated Switchgear Market is expected to witness
significant growth during the forecast period, owing to the power distribution
infrastructure, which is expected to strengthen in the upcoming years...
Floating LNG Power Vessel Market to exceed $931.6 Million by 2023
The global floating LNG power vessel market is expected to grow from an estimated $860.1 million in 2018 to $931.6 million by 2023. The Asia Pacific is estimated to be the largest market, followed by the Middle East & Africa. Factors such as growing population, industrialization and increasing urban business activities, and an increase in the demand for power generation are expected...
Surge Arrester Market Expected to Reach $1.9 Billion by 2025
The global Surge
Arrester Market size is expected to grow from an estimated USD 1.5 billion
in 2020 to USD 1.9 billion by 2025, at a CAGR of 4.9% during the forecast
period. The rising demand for electricity in APAC and the growing focus of on
increasing renewable energy installed capacity are encouraging utilities to
invest in the electricity transmission and distribution networks, as well as in
electrification...