Power Distribution Unit Market Expected to Reach $5.2 Billion by 2024
The
Power Distribution Unit Market is projected to reach USD 5.2 billion by 2024 from an
estimated USD 3.7 billion in 2019, at a CAGR of 7.1% during the forecast
period. The rising concerns overpower stability for uninterrupted business
operations; rising power distribution unit installations for reducing energy
losses, and the increasing number of data centers are driving the power
distribution unit...
Shore Power Market Worth $1.4 Billion by 2025
The global Shore
Power Market is projected to reach USD 1.4 billion by 2025 from USD 1.1
billion in 2020, at a CAGR of 6.7%. The factors driving the growth of the Shore
Power Market are the growing focus on reducing air and noise pollution from
porting activities and increasing sea trade and cruise tourism.
Shoreside installation is expected to be largest
market during forecast period
The market...
Gas-insulated Switchgear Market Size to Reach $26.5 Billion by 2025
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 factors driving market growth are
the growing investments in renewable energy and government initiatives to reduce
carbon emissions along with the expansion of electrical grids due to the
growing industrialization and urbanization.
A global increase in...
Offshore Pipeline Market to See Strong Expansion through 2018-2023
The global offshore
pipeline market is expected to grow from USD 11.5 million in 2018 to USD
15.8 billion by 2023, at a CAGR of 6.54% during the forecast period. The major
factors driving the offshore pipeline market include increasing demand for
crude oil and natural gas, especially from the Asia Pacific region. Increasing
demand for safe, economical, and reliable connectivity is expected to drive...
Pipeline & Process Services Market Expected to Grow $4.0 Billion by 2024
The global pipeline
& process services market is projected to reach USD 4.0 billion by 2024
from an estimated USD 3.3 billion in 2019, at a CAGR of 4.3% during the
forecast period. Increase in demand for safe, economical, and reliable
connectivity; and high investments lined up for pipeline business are driving
the pipeline & process services market. However, problems faced by
cross-border...
Air Circuit Breaker Market Projected to Reach $3.9 Billion by 2024
The global Air
Circuit Breaker Market size is projected to reach USD 3.9 billion by 2024
from an estimated USD 3.0 billion in 2019, at a CAGR of 5.2% during the
forecast period. Asia Pacific is estimated to be the largest market for air
circuit breakers, followed closely by North America. The Middle East &
Africa market is also projected to be the fastest-growing market during the
forecast period....
DC Power Supplies Market to Witness a Steady Growth by 2024
The global DC power supplies market size is expected to reach USD 454 million by 2024
from an estimated value of USD 361 million in 2019, at a CAGR of 4.7 % during
the forecast period. The growing wireless communication & infrastructure
and aerospace & defense segment in the countries such as US & Canada
and growing demand for industrial automation and consumer electronics sector in
countries...
Pad-Mounted Switchgear Market to Reach $7.2 Billion by 2024
The global pad-mounted switchgear market is projected to reach USD 7.2 billion by 2024 from an
estimated market size of USD 5.5 billion in 2019, at a CAGR of 5.4% during the
forecast period. The factors driving the market include increasing investments
in distribution infrastructure to meet the growing electricity demand along
with investments in underground distribution due to functional and aesthetic
advantages....
Small Hydropower Market Size Anticipated to Reach $3.0 Billion by 2024
The global small hydropower market is projected to reach USD 3.0 billion by 2024 from an
estimated market size of USD 2.6 billion in 2019, at a CAGR of 2.4% during the
forecast period. The global market is set to witness significant growth owing
to the application of small hydropower projects for rural electrification,
financial incentives and policy initiatives, and investments in hydropower
projects...
Pressure Vessel Market to Reach $53.3 Billion by 2025
The global Pressure Vessel Market size 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. Increasing the construction of refinery & chemical plants and the adoption of supercritical and ultra-supercritical power generation technology is driving the growth of the market. Moreover, the installation of new pressure...