Meter Data Management System Market to Exceed $428 Million by 2023
The global Meter Data Management System Market is expected to grow from USD 169 million in 2018 to USD 428 million by 2023, at a CAGR of 20.48% during the forecast period. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and the need for accurate utility bill generation.
Europe is projected to be the second largest...
Heat Pump Market worth $83.5 Billion by 2026
The global heat pump market is expected to grow from USD 53.2 billion in 2021 to USD 83.5 billion by 2026, at a CAGR of 9.5% during the forecast period. The factors driving the growth for heat pump market are the Contribution of heat pump technology to reduce carbon footprint and the Government laws and subsidies to enhance energy efficiency.
Heat pumps extract the ambient heat from the...
Utility Communication Market worth $26.1 Billion by 2027
The
global Utility Communication Market is projected to grow from USD 20.2 billion in 2022 to USD 26.1 billion
by 2027, at a CAGR of 5.3% according to a new report by MarketsandMarkets™. The Utility Communication Market has promising growth. Growing
investment in smart grids; the need for improving grid reliability and
operating efficiency and reducing outage length; rising technological
advancements...
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...
Small Hydropower Market Expected to Reach $3.0 Billion by 2024
The global small hydropower market is projected to reach USD 3.0 billion by 2024 from an estimated market size of USD 2.6 billion in 2019, at a CAGR of 2.4% during the forecast period. The global market is set to witness significant growth owing to the application of small hydropower projects for rural electrification, financial incentives and policy initiatives, and investments in hydropower projects...
Advanced Energy Storage Systems Market to Surpass $19.04 Billion by 2022
The global advanced energy storage systems market is expected to grow from USD 12.7 billion in 2017 to USD 19.0 billion by 2022, at a CAGR of 8.4% during the forecast period. The growth of the advanced energy storage systems market is attributed to increasing renewable energy investments and growth in the electric vehicles market globally and regulatory changes demanding energy efficiency.
The...
High-Speed Engine Market worth $27.1 Billion by 2026
The global High-Speed Engine Market is projected to reach USD 27.1 billion by 2026 from an estimated USD 21.1 billion in 2021, at a CAGR of 5.1% during the forecast period. Rising demand for reliable and uninterrupted power, growth in international marine freight transport, and growth in maritime tourism are the major drivers of the High-Speed Engine Markets. Increased demand for backup power...
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...
Laminated Busbar Market Expected to Grow $1,183 Million by 2025
The global laminated busbar market is expected to grow from an estimated market size of USD 861 million in 2020 to USD 1,183 million by 2025, at a CAGR of 6.6% during the forecast period. The market is set to witness growth, due to the demand for safe and secure electrical distribution systems, cost-efficiency and operational benefits of laminated busbars, and focus on renewable energy.
Utilities...
Environmental Technology Market Expected to Grow $690.3 Billion by 2026
The global Environmental Technology Market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% during the forecast period. Increase in demand from different verticals and a stringent government regulation is one of the major factors contributing to the high growth of the environmental technology market.
Based on technological...