Smart Meter Market Share to Hit $36.3 Billion by 2028
The global Smart Meter Market Share is expected to grow from USD 23.1 billion in 2023 to USD 36.3 billion in 2028, at a CAGR of 9.4% from 2023 to 2028. The emergence of electric, gas, and water smart meters has revolutionized utility operations. With advancements in smart meters, sensors, control systems, and communication components, utility systems can be monitored in real-time. These dynamic tariffs...
Power Factor Correction Market Size, Share, Growth and Analysis: 2024-2030
The Power Factor Correction market is expected to reach USD 3.3 billion by 2030, up from an anticipated USD 2.4 billion in 2024, at a CAGR of 5.5% over the forecast period.
One major trend is the increasing awareness of energy efficiency and the financial benefits associated with improved power factor. As businesses strive to reduce energy costs and enhance operational efficiency, the adoption...
Global Energy Perspective 2024: Heat Pump Outlook
The global Heat Pump Market is expected to reach USD 157.8 billion by 2029 from USD 90.1 billion in 2024 at a CAGR of 11.8% during the 2024–2029 period according to a new report by MarketsandMarkets™. Heat Pump is a more reliable way of heating & cooling on a large scale. The versatile nature of heat pump could enable the transition to a cleaner world and a stronger global economy this...
Energy Management Systems Market Share Expected to Reach $84.34 billion by 2029
The global Energy Management Systems Market Share is expected to grow from USD 44.19 billion in 2024 to USD 84.34 billion by 2029, at a CAGR of 13.8% from 2024 to 2029. The global energy management system market is mainly pushed through the increasing emphasis on power efficiency and the growing need to reduce operational prices across diverse industries. As energy expenses keep to differ and regulatory...
Energy Recovery Ventilator Core Market: Trends, drivers, challenges, and opportunities
As the global demand for energy-efficient and sustainable building solutions continues to rise, the Energy Recovery Ventilator (ERV) Core market is experiencing significant growth. These essential components, central to modern HVAC (heating, ventilation, and air conditioning) systems, play a vital role in maintaining air quality and optimizing energy efficiency. ERV cores facilitate the exchange...
Energy Efficient Motor Market Share to Reach $59.3 Billion by 2028
The global Energy Efficient Motor Market Share will grow to USD 59.3 Billion by 2028 from USD 41.7 Billion in 2023, at a CAGR of 7.3% during 2023-2028. 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 energy savings, reduce greenhouse...
Exploring the Growth of Electrolyzer Market Size Amidst the Hydrogen Revolution
The global Electrolyzer Market Size is expected to reach USD 57.2 billion by 2030 from USD 0.5 billion in 2023 at a CAGR of 97.7% during the 2023–2030 period. The growing demand for cleaner fuels is one of the major factors driving the Electrolyzers Market. Global electrolyzers demand has been increasing gradually due to goals set to achieve net zero emissions in recent years. Governments worldwide...
How Hydrogen Storage is Revolutionizing Renewable Energy Solutions
Increasing global efforts to reduce greenhouse gas emissions and combat climate change play a pivotal role. Governments and organizations are incentivizing the transition to cleaner energy sources, making hydrogen an attractive option due to its potential for zero-emission energy storage and transportation. Additionally, the integration of hydrogen energy storage with renewable energy sources such...
Power Factor Correction Market Size to Grow $3.3 billion by 2030 at a CAGR of 5.5%
The global Power Factor Correction Market is projected to reach USD 3.3 billion by 2030 from an estimated USD 2.4 billion in 2024, at a CAGR of 5.5% during the forecast period.
The demand for power factor is on the rise due to various factors such as the globally increasing level of energy consumption, fostered by the rapid process of industrialization as well as urbanization, is additionally pressuring...
A Deeper Look At Superconducting Wire Industry Size, Forecast to 2028
The growth of the superconducting wire market is driven by growing demand for Superconductor-based magnetic resonance imaging (MRI) Systems. Expansion of offshore wind farms using superconducting technologies, and rising implementation of superconducting wire over conventional wires creates new opportunities for superconducting wire manufacturing companies
According to a new report,
The global...