Energy Management Systems Market worth USD 75.6 Billion by 2028
The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% according to a new report by MarketsandMarkets™. EMS determines the most cost-effective configuration for power production, transmission, and distribution throughout the network, considering the required criteria for system stability, safety,...
Electrolyzers Market Size to Reach $23.6 Billion by 2028
The global electrolyzers market size is expected to grow from an estimated USD 1.2 billion in 2023 to USD 23.6 billion in 2028, at a CAGR of 80.3% according to a new report by MarketsandMarkets™. 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...
Grid-forming Inverter Market worth $1,042 Million by 2028
The global Grid-forming Inverter Market is projected to reach USD 1,042 million in 2028 from USD 680 million in 2023 at a CAGR of 8.9% according to a new report by MarketsandMarkets™. Grid-forming inverters actively regulate the grid’s frequency and voltage to ensure that it remains within acceptable operating limits, even under varying renewable energy output or load conditions. Unlike...
Electrolyzers Market worth $23.6 Billion by 2028
The global Electrolyzers Market is projected to reach USD 23.6 billion in 2028 from USD 1.2 billion in 2023 at a CAGR of 80.3% according to a new report by MarketsandMarkets™. The Electrolyzers Market has promising growth potential due to the rising deployment of electrolyzers for the green hydrogen production.
Proton exchange menbrane has the second larget Electrolyzers Market, by technology,...
Navigating the Future: Insights into the Booming Fuel Cell Market
The emissions from vehicles account for more than 15% of the global greenhouse emissions. Hence, governments all over the world are finding alternative power sources for use in the transportation sector. The adoption of fuel cell vehicles (FCVs) in the sector is expected to increase in the near future, as there is zero owing to the absence of CO2 emissions during vehicle operation. Therefore,...
Hydrogen Fueling Station Market To Observe Exponential Growth By 2023-2030
The global hydrogen fueling station market is projected to reach USD 1,129 million by 2030 from an estimated USD 380 million in 2023, at a CAGR of 16.8% during the forecast period. Factors such as stringent government regulations to control greenhouse gas emissions and increasing implementation of national hydrogen strategies across various countries is significantly contributing to the growth of...
Distributed Energy Resource Management System Market Set to Reach New Heights in Response to Increasing Energy Needs
The need for energy efficiency and increasing investments to upgrade aging grid infrastructure are expected to drive the growth of the distributed energy resource management system market during the forecast period.
The global distributed energy resource management system market is projected to reach USD 750 million by 2026 from an estimated USD 286 million in 2021, at a CAGR of 21.2% during the...
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,...
Hydrogen Fueling Station Market Size to Reach $1,129 million by 2030
According to a research report “Hydrogen Fueling Station Market by Supply Type, Station Size (Small Stations, Mid-Sized Stations, Large Stations), Station Type (Fixed Hydrogen Stations, Mobile Hydrogen Stations), Pressure, Solution (EPC, Components) and Region – Global Forecast to 2030″ published by MarketsandMarkets, the global hydrogen fueling station market is projected to reach...