Circuit Breaker Market to Reach $8.68 Billion by 2022
Circuit breakers are vital part of power protection industry. Circuit breakers plays a significant part in electric power transmission and distribution. The global circuit breaker market is projected to reach USD 8.68 billion by 2022, from an estimated USD 6.85 billion in 2017, growing at a CAGR of 4.85%, from 2017 to 2022. The market in Asia Pacific was the largest in 2016 and is projected to hold...
Utility Drones Market Growing at a CAGR of 37.34% from 2018 to 2023
The Utility Drones Market is expected to grow from an estimated USD 110.2 million in 2018 to USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Drones that are mainly used for utilities inspection, survey, and asset management are called utility drones. Growing demand for minimizing outages related to transmission and distribution infrastructure, cost efficiency, and reachability in...
Rising Energy Demand Coupled with Increasing Share of Renewable Energy in the Power Generation Mix is driving the Offshore Wind Market
The global offshore wind market is projected to grow at a CAGR of 15.32% from 2017 to 2022. The growth of the offshore wind market is driven by increasing share of renewable energy in power generation, energy efficiency mandates demanding carbon emission reduction, and government incentives supporting renewable energy deployment. The global demand for electric power is increasing due to various factors...