Motor Monitoring Market: Opportunities and Challenges
Global Motor Monitoring Market Scenario:
The motor monitoring market is expected to grow from USD 1.6 billion in 2018 to USD 2.3 billion by 2023, at a CAGR of 7.4% during the forecast period. Major factors driving the market growth are the growing prominence of predictive maintenance and increasing need to minimize revenue loss caused by motor faults.
Motor monitoring is one of the aspects...
Turbine Control System Market to See Stunning Growth with GE, Siemens, ABB, Emerson
Global Turbine Control System Market Overview
The turbine control system market is expected to grow from an estimated USD 15.13 Billion in 2018 to USD 19.00 Billion by 2023, registering a CAGR of 4.66% during the forecast period. This growth is primarily due to the increasing emphasis on growth of wind power generation, and increase in operational productivity of the turbines, in turn improving...
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...
What do you see as ‘Hydrogen Generation’s’ ultimate role in our energy future?
Increased focus
on hydrogen based economy for applications such as power generation or fueling
cars and buses, that during combustion can cause less carbon emissions. This
has led to increased investments in the enhancement of strong hydrogen-based
economy. Furthermore, the hydrogen generation market is driven by the increased
government regulations for desulphurization and gren house gas emissions.
The...
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....
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...
Steam Boiler System Market Size, Share & Trends Analysis Report to 2023: Bosch, GE, Alfa Laval, Thermax, Cochran
Global Steam Boiler System Market Overview
The steam boiler system market is expected to grow from an estimated USD 17.66 billion in 2018 to USD 21.63 billion by 2023, at a CAGR of 4.13%. Increase in demand for electricity is forcing the National Governments to increase power generation capacity by setting up new power plants which is driving the demand for steam boiler system in power plants....
DC Circuit Breaker Market – Future Scenarios and Business Opportunity Analysis
Latest report titled “DC Circuit Breaker Market by Voltage (Medium Voltage and High Voltage), Type (Solid-State and Hybrid), Insulation (Vacuum and Gas), End-User (T&D utilities, Power generation, Renewables, and Railways) and Region – Global Forecast to 2024”
The DC circuit breaker market is expected to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion...