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...
Generator Sales Market Size to Grow $26.5 billion by 2026 at a CAGR of 5.9% from 2021 to 2026
The generator sales market is expected to grow from an estimated USD 19.9 billion in 2021 to USD 26.5 billion by 2026, at a CAGR of 5.9% during the forecast period. The growth of the generator sales market is expected to be driven by the rising demand for uninterrupted & reliable power supply across several end-use industries and the expansion of the manufacturing sector. The increasing...
Power Rental Market Projected to Hit $11.7 Billion by 2025
The global Power Rental Market size is projected to reach USD 11.7 billion
by 2025 from an estimated value of USD 8.6 billion in 2020, at a CAGR of 6.3%.
Factors driving the growth of the demand for continuous power supply in oil
& gas and mining industries, growing need for electrification, as well as
the continuous power supply of rural areas. Aging power infrastructure and the
need...
Industrial Plugs and Sockets Market 2020-2025: Market is Expected to Reach $3.2 Billion
According to the new market research report “Industrial Plugs and Sockets Market by Type, End User (Heavy Industries, Oil & Gas, Chemicals & Pharmaceuticals, Power Generation), Current (up to 32 A, 32 to 125 A, Above 125 A), Protection (Dustproof & Splash Proof, Waterproof, Explosion Proof), and Region – Global Forecast to 2025″, size is projected to grow from USD...
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...
Distributed Control Systems Market Will Generate Big Revenues in Future by Competitive Landscape and Key Product Segments
The distributed control systems market is expected to grow from an estimated USD 15.95 Billion in 2017 to USD 20.33 Billion by 2022, at a CAGR of 4.97%. The market is set to grow due to the booming power sector and augmented power generation capacities worldwide, growing industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa, and increased use of renewable and...
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...
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...
Rising Demand for Reliable Power Supply is Driving the Paralleling Switchgear Market
Paralleling Switchgear Market Overview:-
According MarketsandMarkets™ Research – The paralleling switchgear market is expected to grow from an estimated USD 1.17 Billion in 2018 to USD 1.55 Billion by 2023, at a CAGR of 5.82% during the forecast period.
The market is set to witness growth due to increase in distributed generation and ageing and overburdening of power grids.
Objectives...
Combined Heat & Power Market Development Opportunities Accelerate in 2023
The global combined heat & power market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD 27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period. The market is set to grow due to the increasing demand for energy efficiency and government incentives and programs to promote CHP.
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The...