Circuit Breaker Market Trends, Analysis, and Growth through 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. Circuit breakers are electrical devices that protect electrical systems and equipment from damage by interrupting the flow of current in the event of an overload, short circuit, or ground fault. The global circuit breaker market...
Rising at 11.6% CAGR, Smart Water Metering Market will Continue Registering Positive Growth Between 2022 and 2027
New Revenue Pockets:
The global smart water metering market is expected to grow at a CAGR of 11.6% during the forecast period, from an estimated USD 3.7 Billion in 2022 to USD 6.4 Billion in 2027. The rising urban population is creating opportunities for the development of smart cities, which ultimately is driving the demand for smart water metering infrastructure development on a larger scale....
Smart Meters Market worth $30.2 Billion by 2026
The global smart meters market is projected to reach USD 30.2 billion by 2026 from USD 19.6 billion in 2021, at a CAGR of 9.0% during the forecast period. Smart Meters is increasingly being installed and is showing robust growth.
Governments worldwide are undertaking several initiatives to meet the future electricity demands and are focusing on reducing carbon footprint by promoting the...
Electric Motors Market worth $186.0 Billion by 2027
The
global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0
billion by 2027, at a CAGR of 6.8% according to a new report by
MarketsandMarkets™. This market is
mainly driven by increasing investments in electric vehicles and development of
manufacturing industry.
Low
voltage motors is expected to be the second largest electric motors market
By voltage,...
Blue Hydrogen Market worth $44.5 Billion by 2030
The
global Blue Hydrogen Market is projected to grow from USD 18.2 billion in 2022 to USD 44.5 billion
by 2030, at a CAGR of 11.9% according to a new report by MarketsandMarkets™. The factors driving the growth of the Blue Hydrogen Market are the
increasing hydrogen demand in petroleum refineries and transportation and Power
Generation Facilities applications.
SMR is
estimated to be the fastest-growing...
Thermal Energy Storage Market worth $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...
Brushless DC Motor Market worth $15.2 Billion by 2025
The global brushless DC Motor market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. Increasing industrial applications of these motors and surging adoption of brushless DC motors in HVAC, automotive, and consumer electronics applications are expected to be the key factors driving the brushless...
Energy as a Service Market Expected to Grow $105.6 Billion by 2027
The global Energy as a Service Market is expected to grow from USD 64.7 billion in 2022 to USD 105.6 billion by 2027, at a CAGR of 10.3% according to a new report by MarketsandMarkets™. Increasing distributed energy resources, new revenue generation streams for utilities, availability of federal and state tax benefits for energy-efficiency projects and decreasing cost of renewable power generation...
Protective Relay Market worth $2.7 Billion by 2025
The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and...
Power Plant Boiler Market worth $22.8 Billion by 2025
The global Power Plant Boiler Market size is expected to grow from an estimated USD 18.1 billion in 2020 to USD 22.8 billion by 2025, at a CAGR of 4.8%, during the forecast period. Increasing demand for electricity and growing focus on clean fossil fuels such as natural gas, which helps reduce greenhouse gas emissions, are the key factors driving the power plant boiler market. Power plant...