Gas Engines Market to Hit $5.3 Billion by 2024
The global gas
engines market size is expected to grow from an estimated USD 4.0 billion
in 2019 to USD 5.3 billion by 2024, at a CAGR of 5.7%, during the forecast
period. Increasing demand for clean & efficient power generation technology
and the implementation of stricter emission regulations is expected to drive
market growth.
The natural gas segment is
expected to hold the largest share...
Protective Relay Market Size Anticipated to Reach $2.7 Billion by 2025
The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and advanced...
COVID-19 Impact on Renewable Energy Market: Attractive Opportunities and Future Growth
Post COVID-19, the report “COVID-19 Impact on Renewable Energy Market by Technology (Wind and Solar), End-User (Utilities, Captive (Industrial, Commercial and Residential) and Region – Global Forecast to 2021” The Global Renewable Energy Market size is projected to grow from USD 184.3 billion in 2020 to USD 226.1 billion by 2021, in the realistic scenario during the forecast period....
Impact of COVID 19 on Smart Grid Market
Post COVID-19, the report “COVID-19
Impact on Smart Grid Market by Component (Hardware, Software and
Services) and Region – Global Forecast to 2021″ size is estimated to
be USD 26.9 billion in 2020 and projected to reach USD 28.8 billion by 2021 at
a CAGR of 7.1% from 2020 to 2021. The
major factors driving the growth of the smart grid industry include
modernization of aging...
Smart Meters Market Size to reach $28.6 Billion by 2025
According to the new market research report “Smart
Meters Market, By Type (Electric, Gas, Water), By Communication Type
(RF, PLC, Cellular), By Component (Hardware, Software), By Technology (AMR,
AMI), By End-user (Residential, Commercial, Industrial), and Region – Global
Forecast To 2025″The global Smart Meters Market size is expected
to grow from estimated revenue of USD 20.7 billion...
Offshore Wind Market to grow with a high CAGR of 15.32% by 2022
The offshore wind market is expected to grow from an estimated USD 27,019.1 million in 2017 to USD 55,109.6 million by 2022, at a CAGR of 15.32% from 2017 to 2022.
The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020. The market in Europe was estimated to be the largest market for offshore...
Wave Energy Market to See Massive Growth by 2022
According to the new market research report “Wave
Energy Market by Technology (OSW, OBC, & Overtopping Converters), Location
(Onshore, Nearshore, Offshore), Application (Desalination, Power Generation,
and Environmental Protection), and Region – Global Forecast to 2025″ The
global Wave Energy Market is projected to reach USD 107 million by 2025 from an
estimated market size of...
Electrical Digital Twin Market to Witness A Massive Growth of 15.4% by 2024
The global electrical digital twin market
is projected to reach USD 1,642 million by 2024 from an estimated USD 804
million in 2019, at a CAGR of 15.4%. This growth can be attributed to the
improved accuracy and efficiency in power sector operations, streamlined
integration of renewable energy technologies, and reduced unplanned downtime
and maintenance cost.
The asset performance
management is...
Excitation Systems Market Projected to reach $3.12 Billion by 2023
The global excitation systems market is expected to grow from an estimated USD 2.64
Billion in 2018 to USD 3.12 Billion by 2023, at a CAGR of 3.38% from 2018 to
2023. Rising demand for synchronous machines in end-use applications such as
hydro as well as thermal power plants is expected to drive the global
excitation systems market during the forecast period. Furthermore, the ability
of excitation...
Offshore ROV Market Emerging Trends, Growth and Opportunities to 2023
The offshore ROV market is estimated to be USD 802.9 million in 2018 and is projected to reach USD 943.1 million by 2023, at a CAGR of 3.27% from 2018 to 2023. The market is set to grow due to increasing offshore oil & gas discoveries in prominent countries and rise in demand for oil & gas.
The
Observation class segment is expected to hold the largest share of the Offshore
ROV market
The...