Remote Power Panel Market May See a Big Move
Remote power panels play an important role in data centers by providing power distribution and monitoring capabilities. These data centers typically feature remote power panels that can be easily configured and monitored from a central location. This allows organizations to quickly and easily scale their IT infrastructure to meet ever-changing demand while also reducing the cost and complexity of...
Electric Fuse Market Size to Hit $4.6 billion by 2026 with a CAGR of 5.8%
New Revenue Pockets:
The global electric fuse market is projected to reach USD 4.6 billion by 2026 from an estimated USD 3.5 billion in 2021, at a CAGR of 5.8%. This growth can be attributed to factors such as growing investments in renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in the construction sector.
Key Market Players
The...
Pad-Mounted Switchgear Market worth $7.1 Billion by 2028
The global Pad-Mounted Switchgear Market is projected to reach USD 7.1 billion in 2028 from USD 5.6 billion in 2023 at a CAGR of 5.1% according to a new report by MarketsandMarkets™. Pad-mounted switchgear systems provide easy access to cable connections and operating apparatus, while vault switchgear can be wall- or floor-mounted for underground installations with flexibility to the direction...
Power Grid Market worth $367.4 Billion by 2028
The global Power Grid Market is projected to reach USD 367.4 billion in 2028 from USD 282.1 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. The power grid delivers on-demand electricity from power plants to homes and businesses nationwide. It ensures the optimum use of energy resources, provides greater power supply capacity, and makes power system operations...
The Switchgear Market: A Growing Industry Driven by Increasing Demand for Power Distribution and Transmission
The switchgear market is a rapidly growing industry, driven by the increasing demand for power distribution and transmission infrastructure. According to a report by MarketsandMarkets, the switchgear market is expected to grow from $90.9 billion in 2022 to $120.1 billion by 2027, at a CAGR of 5.7% during the forecast period.
Switchgear is a type of electrical equipment used in power systems to...
Exponential Rise in Global Energy Consumption Boost Distribution Automation Market
Increasing focus on the replacing the aging power grid infrastructures is one of the primary driver accelerating the growth of the market. The growth of the distribution automation market can be attributed by the increasing deployment of smart grid technologies and rapidly growing investments in smart grid infrastructure to provide a reliable and efficient power supply.
The global Distribution...
Industrial Control Transformer Market Surge Towards Solid Growth by 2027
The global industrial control transformer market size will grow to USD 1.2 billion by 2027 from USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. Rising energy consumption across industries, increasing usage of industrial control transformers in major industries, hence these are driving the demand of industrial control transformer globally. Moreover, growing manufacturing industry...
Remote Power Panel Market Size to Reach $1.4 billion by 2028
According to a research report “Remote Power Panel Market by Type (Wall-mounted, Floor-standing), Application (Network Cabinets, Server Rooms, Data Centers (Cloud, Enterprise)) & Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Global Forecast to 2028″ published by MarketsandMarkets, the global remote power panel market is projected to reach...
Circuit Breaker Market Trends, Analysis, and Growth through 2025
The global circuit breaker market size is expected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9%, during the forecast period. Circuit breakers are electrical devices that protect electrical systems and equipment from damage by interrupting the flow of current in the event of an overload, short circuit, or ground fault. The global circuit breaker market...
Protective Relay Market worth $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...