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...
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...
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...
DC Circuit Breaker Market To Observe Exponential Growth By 2019-2024
The DC circuit breaker market is expected to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a CAGR of 6.54%. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the DC circuit breaker market. Aging Power Infrastructure,...
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...
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...
Circuit Breaker Market to Reach $8.68 Billion by 2022
Circuit breakers are vital part of power protection industry. Circuit breakers plays a significant part in electric power transmission and distribution. The global circuit breaker market is projected to reach USD 8.68 billion by 2022, from an estimated USD 6.85 billion in 2017, growing at a CAGR of 4.85%, from 2017 to 2022. The market in Asia Pacific was the largest in 2016 and is projected to hold...
Gas Engine Market to Witness a Massive Growth by 2022
The Gas Engine Market is expected to grow from an estimated USD 3.54 Billion in 2017 to USD 4.76 Billion by 2022, at a CAGR of 6.12%, from 2017 to 2022. Europe is estimated to be the largest gas engine market, by region, followed by North America. This trend is expected to continue during the forecast period. The growth of the gas engine market is driven globally by the rising demand for power generation...