Smart Electric Meter Market expected to Grow $11.33 Billion by 2023
The global Smart
Electric Meter Market is projected to grow from an estimated USD 9.27
Billion in 2018 to USD 11.33 Billion by 2023, at a CAGR of 4.11%, from 2018 to
2023. The market in Asia Pacific is estimated to be the largest market for
smart electric meters, followed by the North American and the European market
in 2018. This trend is expected to continue until 2023. The growth can be
attributed...
Gas Turbines Market to exceed $20.66 Billion by 2022
The global Gas
Turbines Market is expected to grow from an estimated $17.51 billion in
2017 to $20.66 billion by 2022, at a CAGR of 3.36%, from 2017 to 2022. The
shale gas boom in North America and decommissioning of nuclear plants in Europe
are likely to boost the demand for gas turbines in these regions. The demand
for gas turbines in the Middle East & Africa, Latin America, and Asia
Pacific...
At CAGR of 9.7%, Switchgear Monitoring System Market to Reach $2.1 Billion by 2025
The global Switchgear
Monitoring System Market size is expected to grow from an estimated USD 1.3
billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 9.7%, during 2020-2025.
A few of the major advantages offered by switchgear monitoring systems are
avoiding unplanned outages, reducing repair costs through improved failure
detection, improving switchgear availability, and a more efficient,
cost-effective,...
Sequence of Events Recorder Market Size to Reach $31 Million by 2026
According to the new market research report
“Sequence of Events Recorder Market by Mount type (Rack mounted, Rail
mounted), End user (Data Center, Power Generation, Manufacturing, Others (Hospitals,
Laboratories, Petrochemicals, and Pharmaceutical industries)), Region- Global
Forecast to 2026″, published
by MarketsandMarkets™, the Sequence of Events Recorder Market size will grow
to ...
At CAGR of 27.1%, Renewable Drones Market to Hit $148 Million by 2025
The global Renewable Drones Market is projected to reach a size of USD 148 million by 2025, at a CAGR of 27.1%, from an estimated USD 45 million in 2020. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors for the renewable drones market, globally. Technological developments software for drone data analytics, and rapid development of...
At CAGR of 37.34%, Utility Drones Market to Hit $538.6 Million by 2023
The
global Utility
Drones Market is estimated to be USD 110.2 million in 2018 and is projected
to reach 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. In
2017, North America was the largest market for utility drones, followed by Asia
Pacific and Europe. Growing demand...
Electric Motor Market Likely to Boost Future Growth by 2026
The global Electric
Motor Market is expected to grow from an estimated USD 113.3 billion in
2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast
period.Increased demand for HVAC systems in residential, commercial, and
industrial end-users in the Middle East and Asia Pacific regions along with
growing use of electric motors across major industries is the driving factor
for the growth...
Power SCADA Market to Grow $2.5 Billion by 2026
According to the new market research report
“Power SCADA Market by Architecture (Hardware, Software,
Services), Component (Remote Terminal Unit, Programmable Logic Controller,
Human Machine Interface, Communication System Protection relays), End User and
Region- Global Forecast to 2026″, published
by MarketsandMarkets™, the Power SCADA Market size will grow to USD 2.5 billion
by 2026...
Gas-insulated Switchgear Market Size to Grow $26.5 Billion by 2025, At CAGR of 9.5%
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% from 2020 to 2025. The factors driving
market growth are the growing investments in renewable energy and government
initiatives to reduce carbon emissions along with the expansion of electrical
grids due to the growing industrialization and urbanization.
A global...
At CAGR of 6.9%, Transformer Oil Market to Generate $3.0 Billion by 2025
The global transformer
oil market is projected to reach USD 3.0 billion by 2025 from an estimated
market size of USD 2.2 billion in 2020, at a CAGR of 6.9% during the forecast
period. The factors driving the growth for transformer oil are the upgradation
of electric grids in developing countries along with the expansion of electric
grids due to growing industrialization and urbanization.
The
transformer...