Smart Meters Market expected to Grow $30.2 billion by 2026
According to the new market research report
“Smart
Meters Market by Type (Electric, Gas, Water), Communication Type
(RF, PLC, Cellular), Component (Hardware, Software), Technology (AMR, AMI), End
user (Residential, Commercial, Industrial), and Region – Global Forecast to
2026″, published by MarketsandMarkets™, The Smart Meters Market size
will grow to USD 30.2 billion by...
Gas Turbine Market to Hit $22.5 Billion by 2026
According to the new market research report “Gas Turbine Market by Technology (Open Cycle and Combined Cycle), Design Type (Heavy Duty and Aeroderivative), End User (Power Generation, Oil & Gas), Rated Capacity (1–40 MW, 40–120 MW, 120–300 MW, Above 300 MW) and Region – Global Forecast to 2026″, published by MarketsandMarkets™, The global Gas Turbine Market is projected...
Floating LNG Power Vessel Market Size to Reach $931.6 Million by 2023
The global floating
LNG power vessel market is expected to grow from an estimated $860.1
million in 2018 to $931.6 million by 2023. In 2018, the Asia Pacific market is
estimated to be the largest, followed by the Middle East & Africa. Factors
such as growing population, industrialization and increasing urban business
activities, and an increase in the demand for power generation are expected to
drive...
Boiler Control Market Size to Reach $2.42 Billion by 2023
The global boiler
control market is estimated to reach a market size of $1.80 billion in 2018
and is projected to reach $2.42 billion, at a CAGR of 6.09%, from 2018 to 2023.
The boiler control market is set to witness significant growth due to the
rising demand from the power generation industry, increased demand for energy
efficiency equipment to control steam pressure, need for boiler tuning to
adjust...
Electrical Bushings Market Estimated to Reach $2.96 Billion by 2023
The global electrical bushings market is projected to grow at a CAGR of 3.86%, from 2018 to
2023. 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 demand for electrical equipment from end-users such as railways
and...
Digital Utility Market to Cross $244.31 Billion by 2022
The global digital
utility market is expected to grow from an estimated $135.16 billion
in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The
North America is currently the largest market for digital utility, closely
followed by the Europe and Asia-Pacific market. However, by 2022, the market in
Asia-Pacific is projected to gain the largest share. The Digital utility...
Laminated Busbar Market Size to Reach $1,183 Million by 2025
The global laminated busbar market is projected to grow at a CAGR of 6.6% from 2020 to
2025, to reach a market size of USD 1,183 million by 2025 from USD 861 million
in 2020. Cost-efficiency and operational benefits of laminated busbars, demand
for safe and secure electrical distribution systems, and focus on renewable
energy are expected to drive the laminated busbar market during the forecast
period.
The...
Distributed Generation Market to exceed $103.38 Billion by 2022
The global distributed
generation market is expected to grow from an estimated USD 60.04 Billion
in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be
attributed to the increased global demand for electricity, decreasing costs of
solar technology, and rising efforts to reduce global greenhouse gas emissions.
The growing demands for electric power accompanied with regulatory...
Gas-insulated Switchgear Market is Booming Worldwide with ABB, Schneider Electric, Siemens, Eaton, and General Electric.
The global gas-insulated
switchgear market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable
energy and government initiatives to reduce carbon emissions is likely to drive
the market for gas-insulated switchgear market globally. Also, the expansion of
electrical grids due to the growing industrialization and urbanization...
At CAGR of 29.68%, Virtual Power Plant Market to exceed $709.2 Million by 2021
The global virtual
power plant market is expected to grow from USD 193.4 million in 2016 to
USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021. North America
is estimated to be the largest market for virtual power plants, followed by
Europe in 2016. This trend is expected to continue till 2021. The growth of the
virtual power plant market is driven by increasing share of renewable energy...