Energy as a Service Market Outlook and Evolving Industry Trends
The global Energy as a Service Market is projected to grow from USD 52.0 billion in 2019 to reach USD 86.9 billion by 2024, at a CAGR of 10.8% during the forecast period. The growth of energy as a service market is driven by the new revenue generating streams for utilities, increased distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability...
Offshore Support Vessel Market Booming Worldwide with Strong Growth by 2026
The global Offshore Support Vessel Market is expected to grow from an estimated USD 22.0 billion in 2021 to USD 26.8 billion by 2026, at a CAGR of 4.0%, during the forecast period. The market growth is driven by robust investments in the offshore oil & gas and renewable sectors. Increasing deepwater activities and decommissioning of aging offshore infrastructure is likely to offer lucrative...
Environmental Technology Market Likely to Boost Future Growth 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 solutions,...
Offshore Wind Market to Witness Massive Growth by 2026
The global Offshore
Wind Market is expected to grow from an estimated USD 31.8 billion in 2021
to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. Offshore
wind is a crucial pillar in energy mix together with onshore wind for regions
such as Europe, Asia Pacific, and North America to achieve their goals
pertaining to climate neutrality. Offshore wind turbines are increasingly...
Fuel Cell Market to Surge $9.1 billion by 2027 at a CAGR of 26.0%
The report “Fuel Cell Market by Type (PEMFC, SOFC, PAFC, MFC, DMFC, AFC), Application (Portable, Stationary, Vehicles (FCV)), Size (Small & Large), End User (Residential, C&l, Transportation, Data Center, Military & Defense, Utility), Region – Global Forecast to 2027“, The global fuel cell market size is estimated to be USD 2.9 billion in 2022 and projected to reach...
Advanced Energy Storage Systems Market to Surpass $19.04 Billion by 2022
The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0
billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4%
during 2017 to 2022. 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...
Energy as a Service Market to See Revolutionary Growth by 2024
The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from
an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The
growth of energy as a service market is driven by the new revenue generating
streams for utilities, increased distributed energy resources, decreasing cost
of renewable power generation and storage solutions, and availability of
federal...
Green Ammonia Market to Surge at 90.2% CAGR till 2030
The global Green
Ammonia Market size is projected to grow from USD 16 million in 2021 to
reach USD 5,415 million by 2030, at a CAGR of 90.2% during the forecast period.
Green hydrogen projects are increasing as many countries are focusing on
investing in the development of a hydrogen-based economy. Investments in
hydrogen infrastructure will subsequently bring opportunities for green ammonia
production...
Thermal Energy Storage Market to Hit $369 Million by 2025
The global Thermal
Energy Storage Market size is projected to reach USD 369 million by 2025,
at a CAGR of 14.4%, from an estimated USD 188 million in 2020. The growth of
the thermal energy storage market is majorly driven by increasing demand for
energy storage technologies, rising number of CSP projects, and increasing HVAC
applications.
Thermal energy storage in concentrating
solar power (CSP)...
Circuit Breaker Market Size to Reach $7.7 Billion by 2025
The global Circuit
Breaker Market size is expected to grow from an estimated USD 5.7
billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9%, during the
forecast period. Growing investments in smart grid technologies to protect and
control power equipment and replacement of aging infrastructure, and the need
for reliable T&D networks offer high-growth opportunities for the circuit
breaker...