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,...
Vacuum Contactor Market Trends & Opportunities with Forecast 2023-2028
New Revenue Pockets:
The vacuum contactor market is anticipated to reach a value of USD 4.1 billion in 2023 and is expected to expand to USD 5.5 billion by 2028, exhibiting a CAGR of 6.1%. The market growth is propelled by the decreasing costs of lithium-ion batteries and significant government investments, which contribute to the market’s positive trajectory.
The vacuum contactor market...
Pressure Vessels Market Size Expected to Grow at at a Robust Pace through 2028
Pressure Vessels Market Size
The global Pressure Vessels Market size is expected to grow from USD 50.3 billion in 2023 to USD 62.7 billion by 2028, at a CAGR of 4.5% according to a new report by MarketsandMarkets™. Pressure vessel is a closed container which are designed to hold fluids or gases at a pressure that is significantly different from the ambient pressure....
Instrument Transformers Market Size to Grow $10.6 billion by 2030 | ABB, General Electric, Siemens
According to a research report “Instrument Transformers Market by Type (Current, potential, and combined), Installation (liquid, SF6 gas, solid), Enclosure (indoor and outdoor), Voltage, End-User, and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2030″ published by MarketsandMarkets, the global instrument transformers market is projected to grow from...
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...
Shredder Blades Market Size to Grow $557 million by 2028
According to a research report “Shredder Blades Market by Shaft Count (Single shaft, Double shaft), Blade Design (Hook, Square), End User Industry (Waste Management & Recycling, Food Industry), Application (Plastic, Rubber, Metal, Wood, E-waste) & Region – Global Forecast to 2028″ published by MarketsandMarkets, the Shredder blades market is projected to reach USD 557 million...
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,...
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...