Electric Motor Market will Escalate Rapidly in Near Future
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...
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...
Electrical Digital Twin Market to Reach $1.3 Billion by 2026
According to the new market research report
“Electrical
Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind
Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment
Type (Cloud, On-Premises), End User, Application, and Geography – Global
Forecast to 2026″, published by MarketsandMarkets™, The Electrical
Digital Twin Market size will grow to
USD...
Distribution Boards Market to exceed $5.91 Billion by 2021
The global distribution
boards market is expected to grow from an estimated $4.33 billion in 2016
to $5.91 billion by 2021, growing at a CAGR of 6.4% from 2016 to 2021. The
market growth is driven by factors such as the growing need to protect
electrical components and networks, increasing global electricity demand,
increasing power generation, and increasing upgradation of transmission &
distribution...
Small Gas Engines Market to Hit Big Revenues in Near Future
The global small
gas engines market is expected to grow from an estimated $2.38 billion in
2016 to $2.91 billion by 2021, growing at a CAGR of 4.15% from 2016 to 2021.
North America and Europe are likely to be the largest markets for small gas
engines. The growth is likely to be driven by a growth in the construction
industry and a rise in demand for rented outdoor power equipment. The demand
for...
Air Insulated Switchgear Market to exceed $8.41 Billion by 2022
The global air
insulated switchgear market is projected to grow at a CAGR of 4.68% from
2017 to 2022. In 2016, Asia-Pacific is estimated to be the largest market for
air insulated switchgear, followed by the Europe, and North America. This trend
is expected to continue till 2022. The growth of the air insulated switchgear
market is driven by increasing expenditure by the utilities in the transmission
&...
Pump Jack Market to exceed $3.63 Billion by 2022
The global pump
jack market is expected to grow from an estimated $2.86 billion in 2017 to
$3.63 billion by 2022, at a CAGR of 4.88% from 2017 to 2022. The market in
North America is estimated to be the largest market for pump jack, followed by
the market in Asia-Pacific. The North American market is also projected to be
the fastest growing market during the forecast period.
Increasing onshore...
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...