Energy Efficient Motor Market worth $59.3 Billion by 2028
The global Energy Efficient Motor Market is projected to reach USD 59.3 billion in 2028 from USD 41.7 billion in 2023 at a CAGR of 7.3% according to a new report by MarketsandMarkets™. An energy efficient motor is a type of electric motor that is designed to consume less electrical energy while providing the same level of output as a standard motor. Energy-efficient motors help achieve significant...
Hydrogen Energy Storage Market: Trends, Challenges, and Opportunities
Hydrogen has been gaining increasing attention as a potential energy carrier for the transition towards a more sustainable and decarbonized energy system. In addition to its use as a fuel for transportation, hydrogen can also be utilized for energy storage, either directly or through conversion to other forms of energy such as electricity or heat.
According to a report, the global hydrogen energy...
Electrolyzers Market Offers Lucrative Opportunities for Major Economies to Achieve Net Zero Emission Targets
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 the atmosphere or can be captured or stored to supply other industrial processes or even medical gases, in some cases. There are four main ways that electrolyzers can be commercialized: power to mobility,...
The Rise of Hydrogen Generation: Opportunities and Challenges in the Energy Industry
The factors driving the growth for hydrogen generation market is Increasing hydrogen demand in the petroleum refineries and rising demand for hydrogen in transportation and power generation applications.
According to a new market research, ‘The global hydrogen generation market is projected to reach USD 263.5 Billion by 2027, at a CAGR of 10.5% between 2022 to 2027′.
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Power Plant Control System Market: Technological Innovation Leads to High Demand
Power Plant Control System Market New Revenue Pockets :
The global power plant control system market is projected to reach USD 10.2 billion by 2026 from an estimated USD 7.2 billion in 2021, at a CAGR of 7.3% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market....
Power Plant Control System Market Revenue to Hit $10.2 billion by 2026
According to the new market research report “Power Plant Control System Market by Plant Type (Coal, Natural Gas, Hydroelectric, Nuclear, Oil, and Renewable), Solution (SCADA, DCS, Programmable Controllers), Component, Application, and Region – Global Forecast to 2026″, the global Power Plant Control System Market is projected to reach USD 10.2 billion by 2026 from an estimated...