Power Factor Correction Market Set to Reach $3.3 billion by 2030
The power factor correction market is booming! Projections show it reaching a substantial USD 3.3 billion by 2030, a significant jump from USD 2.4 billion in 2024. This represents a compound annual growth rate (CAGR) of 5.5%, indicating strong and steady expansion.
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What’s Driving This Growth?
Several...
Energy as a Service Market Size, Share, Trends & Analysis Report, 2030
The global Energy as a Service Market is anticipated to grow from estimated USD 51.88 billion in 2024 to USD 100.34 billion by 2030, at a CAGR of 11.6% during the forecast period. Major forces driving the Energy as a Service Market include the increased need for energy efficiency, surging energy prices, and global trends toward carbon neutrality and sustainability. Business houses are adopting...
Nuclear Power Market Share Expected to Reach $44.71 billion by 2029
The global Nuclear Power Market Share is expected to grow from estimated USD 38.84 billion in 2024 to USD 44.71 billion by 2029, at a CAGR of 2.9% during the forecast period. The major factors driving the market growth of the nuclear power market include various driving factors such as many governments view nuclear power as a strategic constituent of their energy policy, and provide subsidies,...
Electrolyzers Market Share Expected to Reach $78.01 billion by 2030
The global Electrolyzers Market Share is expected to grow from estimated USD 3.75 billion in 2024 to USD 78.01 billion by 2030, at a CAGR of 65.9% during the forecast period. This growth mainly comes in response to supportive government initiatives that encourage renewable energy technologies as well as advancements in the electrolysis process. Electrolyzers play a crucial role in the production...
Solid Oxide Fuel Cells: Powering the Future with Clean Energy
The global energy landscape is undergoing a significant transformation, with a pronounced shift towards sustainable and efficient power generation solutions. At the forefront of this evolution is the Solid Oxide Fuel Cell (SOFC) technology, renowned for its high efficiency and eco-friendly attributes. Projections indicate that the Solid Oxide Fuel Cell Market is poised to expand from USD 1.4 billion...
Electric Powertrain Market Size & Share Report 2030
The electric powertrain industry size is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030.
The market for electric powertrains is driven by the rising demand for electric vehicles, which is in turn impacted by factors including stricter emission regulations and government assistance in the form of tax breaks and subsidies to encourage...
Green Revolution in North America: Biorefinery Industry to Reach $314.62 Billion by 2029
The global Biorefinery Industry is expected to grow from estimated USD 212.05 billion in 2024 to USD 314.62 billion by 2029, at a CAGR of 8.2% during the forecast period. The US biorefinery market is an emerging sector in the global market and is expected to grow exponentially with increased demand for renewable energy fuels that biorefineries can produce biofuels and bio-based products. Feedstocks...
Hydrogen Energy Storage Market – Europe Market Scenario With Key Players and Market Trend
The European hydrogen energy storage market is an emerging sector within the global market that is expected to grow significantly due to the rise in fuel cell adoption, strict regulations related to emission control, and the inclination toward cleaner fuels.
The European countries have their energy policies in various phases of development, while the EU region has set a binding target for reducing...
Generator Market is Going to Booming Growth 2024 With Top Key Players Analysis Through 2030
The Asia Pacific generator market is anticipated to be the leading market from 2024 to 2030. followed by North America and Europe, due to rapid industrialization, and urbanization, especially in countries like China, India, and Japan. Increased demand for the industrial and commercial sector is a factor that increases demand for generators. India is expected to be the fastest growing market for generators...
Smart Grid Market Revenue to Hit $161.5 Billion by 2029
The global Smart Grid Market in terms of revenue was estimated to be worth $73.8 billion in 2024 and is poised to reach $161.1 billion by 2029, growing at a CAGR of 16.9% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global demand for smart grid is increasing due to strong focus on modernization of aging grid infrastructure. Factors such as rapid industrialization, urbanization,...