Electrical SCADA Market to Grow $3.29 Billion by 2022
The global Electrical
SCADA Market is expected to grow from an estimated $2.29 billion in 2017 to
$3.29 billion by 2022, at a CAGR of 7.48%, during the forecast period. This
growth is primarily driven by the increasing investments in electrical
networks, adoption of remote monitoring and control solutions, digitalization
of the power sector, need for automation in the power industry, and rising
pressure...
Meter Data Management System Market to Grow at Fastest Rate of 20.48% during 2018-2023
The global Meter
Data Management System Market is projected to reach $428 million by 2023
from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023.
This growth can be attributed to the increased government policies and
supportive mandates for smart meter installations and need for accurate utility
bill generation.
The electricity
segment is expected to be the fastest growing...
Power Management System Market to Surpass $5.26 Billion by 2022
The global Power
Management System Market is projected to reach USD 5.26 billion by 2022,
growing at a CAGR of 6.88% from 2017 to 2022. This market growth is primarily
driven by the increasing demand for energy efficiency in the manufacturing
sector, rising installation of renewable energy in industry, and rising
adoption of IoT and cloud-based platforms. The shale oil & gas boom in
North America...
Utility Communication Market to be $23.2 Billion by 2026
According to the new market research report
“Utility Communication Market by
Technology Type(Wired and Wireless), Utility Type, Component(Hardware and
Software), Application (Oil & Gas Network, T&D), End User (Residential,
Commercial, and Industrial) and Region- Global Forecast to 2026″, published by
MarketsandMarkets™, the Utility Communication Market size is expected...
Blockchain in Energy Market to Grow at a CAGR of 78.32% from 2018 to 2023
The global blockchain
in energy market is expected to reach USD 7,110.1 Million by 2023 from an
estimated USD 394.3 Million in 2018, at a CAGR of 78.32% from 2018 to 2023. The
blockchain in energy market growth can be attributed to the Increasing popularity
of the blockchain technology in the energy sector, the need to manage
infrastructure and other business functions through high transaction speeds...
Heat Pump Market to Grow CAGR of 11.68% to Reach $94.42 Billion by 2023
The
global Heat Pump Market is projected to
reach a market size of USD 94.42 billion by 2023 from an estimated USD 54.34
billion in 2018, growing at a CAGR of 11.68% during the forecast period. In
2018, the market in Asia Pacific is estimated to be the largest for heat pumps,
followed by Europe. This trend is expected to continue until 2023. The heat
pump market is set to witness growth because of...
Energy as a Service Market is Rapidly Growing Worldwide with Strong Growth Rate 10.8% by 2024
The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The growth of energy as a service market is driven by the new revenue generating streams for utilities, increased distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability of...
Industrial Gearbox Market expected to reach $31.90 Billion by 2023
The global Industrial
Gearbox Market is expected to grow from an estimated $25.91 billion in 2018
to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy
gearbox and clean energy sources are driving the growth of the industrial
gearbox market. The increasing automation in manufacturing technology is
facilitating the growth of the industrial...
Power Supply Market Value to Reach $34.92 Billion by 2023
According to the new market research report “Power Supply Market by Output Power, Product Type, Vertical (Lighting, Consumer Electronics, Telecommunications, Transportation, Food & Beverages, Medical & Healthcare, Military & Aerospace, Industrial), and Geography – Global Forecast to 2023″, published by MarketsandMarkets™, the power supply market is estimated to grow...
Excitation Systems Market expected to Grow $3.4 Billion by 2026
According to the new market research report
“Excitation Systems Market by Type (Static and Brushless), Controller
Type (Analog and Digital), Application (Synchronous Generators and Synchronous
Motors), End User (Power Generation, Heavy Industries, and OEMs) and Region –
Global Forecast to 2026″, published
by MarketsandMarkets™, the Excitation Systems Market is expected to grow...