Battery Monitoring System Market to Cross $5.47 Billion by 2022
The global battery monitoring system market is projected to grow at a CAGR of 18.23%, to reach a
market size of USD 5.47 Billion by 2022, from an estimated USD 2.37 Billion in
2017. North America is estimated to be the largest market for battery
monitoring systems, followed by Asia Pacific and Europe. The growth of the
battery monitoring system market is mainly driven by a booming demand for
global...
Advanced Energy Storage Systems Market Size to Grow $19.04 Billion by 2022
The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0
billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4%
during 2017 to 2022. The growth of the advanced energy storage systems
market is attributed to increasing renewable energy investments and growth in
the electric vehicles market globally and regulatory changes demanding energy
efficiency.
The...
Gas Engines Market Booming Worldwide with Caterpillar, Wärtsilä, Man SE, Cummins, and Rolls-Royce.
The global gas engines market size is projected to reach USD 5.3 billion by 2024, from an estimated USD 4.0 billion in 2019, at a CAGR of 5.7% during the forecast period. The increasing demand for clean and renewable power generation and implementation of stricter emission regulations across the globe are major drivers for the gas engines market.
The gas engines market is dominated by a few major
players...
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...
Pressure Vessel Market expected to Grow $53.3 Billion by 2025
The global pressure vessel market is projected to reach USD 53.3 billion by 2025 from an estimated USD 42.7 billion in 2020, at a CAGR of 4.5% during the forecast period. The growing adoption of supercritical and ultra-super critical power generation technology and the rise in the construction of refineries and chemical plants in the Asia Pacific and Middle East regions are expected to drive the market....
Cryogenic Equipment Market is Likely to Witness High Growth During the Forecast Period
Global Cryogenic Equipment Market Scenario:
The global cryogenic equipment market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Rising demand for LNG across regions is creating demand opportunities for cryogenic equipment. Also, the increasing number of air separation units projects are driving the cryogenic...
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...
Offshore Wind Market will surge to $56.8 Billion by 2026
According to the new market research report
“Offshore
Wind Market by Component (Turbines (Nacelle, Rotors & Blades, Tower),
Substructure, Electrical Infrastructure), Location (Shallow Water, Transitional
Water, & Deepwater) and Region (North America, Asia Pacific, & Europe)
– Global forecast to 2026“, published by
MarketsandMarkets™, the global offshore wind market...
Industrial Power Supply Market expected to Grow $9.7 Billion by 2026
According to the new market research report
“Industrial Power Supply Market By Type (AC-DC and DC-DC Converter),
Output Power (Very Low Output(up to 500W), Low Output(500-1,000W) Medium
Output(1,000W–10kW), High Output(10-75kW), Very High Output(75-150kW),
Vertical, Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Industrial
Power Supply Market size...
Transformer Oil Market to Grow $3.3 Billion by 2030 | Nynas AB, Ergon, Inc., PetroChina Company Limited, APAR Industries, and Sinopec Lubricant Company.
According to the new market research report
“Transformer Oil Market by Oil Type (Mineral (Naphthenic,
Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear,
Reactor), End User (Transmission & Distribution, Power Generation, Railways
& Metros), and Region – Global Forecast to 2030 “, published by MarketsandMarkets™, the global Transformer
Oil Market size...