Geothermal Energy Market Size to Reach $9.4 Billion by 2027
The global Geothermal Energy Market is expected to grow from an estimated USD 7.0 billion in 2022 to USD 9.4 billion in 2027, at a CAGR of 5.9% according to a new report by MarketsandMarkets™. Increasing use of geothermal energy for power generation, Favourable government policy, and increasing demand for ground source geothermal heat pumps due to the increase in heating costs are...
Electrolyzers Market Size to Reach $23.6 Billion by 2028
The global electrolyzers market size is expected to grow from an estimated USD 1.2 billion in 2023 to USD 23.6 billion in 2028, at a CAGR of 80.3% according to a new report by MarketsandMarkets™. An electrolyzer system utilizes electricity to break water molecules into hydrogen and oxygen. Through this process, the electrolyzer system produces hydrogen, and the leftover oxygen is released into...
Air Circuit Breaker Market worth $4.1 Billion by 2028
The global Air Circuit Breaker Market is expected to reach USD 4.1 billion by 2028 from USD 3.2 billion in 2023 at a CAGR of 5.0% during the 2023–2028 period according to a new report by MarketsandMarkets™. Key growth catalysts include rising investments in smart grid technologies aimed at safeguarding and managing power equipment, along with the replacement of aging infrastructure....
Solid Oxide Fuel Cell Market Size to Hit $5.4 billion by 2028
According to a research report “Solid Oxide Fuel Cell Market by Type (Planar, Tubular), Component (Stack, BOP), Application (Stationary, Portable, Transport), End User (Commercial & Industrial, Data Centers, Military & Defense, Residential) & Region – Global Trends & Forecasts to 2028″ published by MarketsandMarkets, the solid oxide fuel cell market is projected to...
Green Ammonia Market Size to Reach $17.9 Billion by 2030
The global Green Ammonia Market is expected to grow from an estimated USD 0.3 billion in 2023 to USD 17.9 billion by 2030, at a CAGR of 72.9% according to a new report by MarketsandMarkets™. Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by generating energy from solar/wind/hydropower, which is then fed into an electrolyzer. It extracts hydrogen...
Biofuel Market Size to Hit $225.9 billion by 2028
According to a research report “Biofuel Market by Fuel Type (Ethanol, Biodiesel, Renewable Diesel, and Biojets), Generation (First Generation, Second Generation, Third Generation), End-use, Application (Transportation, Aviation) and Region – Global Forecast to 2028″ published by MarketsandMarkets, the global biofuel market is projected to reach USD 225.9 billion by 2028 from an estimated...
Small Marine Engines Market Size, Share, Trends and Future Growth Predictions till 2027
The global small marine engines market is expected to reach USD billion 10.3 billion by 2027 from an estimated USD 7.8 billion in 2022, at a CAGR of 5.5% from 2022 to 2027. Recreational boats, fishing boats, coastal boats, and support vessels utilize small marine engines primarily for propulsion from one port to another. The primary reason for the growth of the market in the region is its growing...
Blue Ammonia Market worth $7,664 Million by 2030
The global Blue Ammonia Market is expected to grow from an estimated USD 78 million in 2023 to USD 7,664 million by 2030, at a CAGR of 62.3% according to a new report by MarketsandMarkets™. Blue ammonia is a type of ammonia that is produced using natural gas as a feedstock, but with the carbon dioxide emissions from the production process captured and stored. This makes blue ammonia a lower-carbon...
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...