Gas Insulated Switchgear Market worth $31.6 Billion by 2028
The global Gas Insulated Switchgear Market is expected to grow from an estimated USD 23.8 billion in 2023 to USD 31.6 billion by 2028, at a CAGR of 5.8% according to a new report by MarketsandMarkets™. The Gas Insulated Switchgear Market is poised for substantial growth during this period, primarily due to the expected strengthening of power distribution infrastructure in response...
Variable Frequency Drive Market Size, Share and Global Market Forecast to 2027
The industry for variable frequency drives, or VFDs, is undergoing a revolutionary upswing, and users are leading this shift. The market for variable speed drives, or VFDs, is expanding as businesses aim for increased sustainability and efficiency. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical...
E-fuels Market worth $49.4 Billion by 2030
The global E-fuels Market is estimated to grow from USD 6.2 billion in 2023 to USD 49.4 billion by 2030, at a CAGR of 34.5% according to a new report by MarketsandMarkets™. The potential for e-fuels to address carbon emissions and energy storage concerns is driving up demand for them. E-fuels, which are synthetic fuels made from renewable energy, provide a way to decarbonize...
Power Rental Market Size, Share, Growth, and Industry Analysis
The global Power Rental Market size is expected to grow from an estimated USD 9.8 billion in 2022 to USD 12.8 billion by 2027, at a CAGR of 5.6% during the forecast period. The rapid expansion of the industrial sector along with the Surging demand for uninterrupted & reliable power supply is expected to drive the demand for the global power rental market.
The diesel segment is estimated to...
Circuit Breaker Market Size, Share, Trends, Growth & Forecast
The global Circuit Breaker Market size is expected to grow from an estimated USD 6.5 billion in 2023 to USD 8.6 billion by 2028, at a CAGR of 5.5% during the forecast period. Key drivers for this growth include increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure. Additionally,...
Vacuum Contactor Market Trends & Opportunities with Forecast 2023-2028
New Revenue Pockets:
The vacuum contactor market is anticipated to reach a value of USD 4.1 billion in 2023 and is expected to expand to USD 5.5 billion by 2028, exhibiting a CAGR of 6.1%. The market growth is propelled by the decreasing costs of lithium-ion batteries and significant government investments, which contribute to the market’s positive trajectory.
The vacuum contactor market...
Pressure Vessels Market Size Expected to Grow at at a Robust Pace through 2028
Pressure Vessels Market Size
The global Pressure Vessels Market size is expected to grow from USD 50.3 billion in 2023 to USD 62.7 billion by 2028, at a CAGR of 4.5% according to a new report by MarketsandMarkets™. Pressure vessel is a closed container which are designed to hold fluids or gases at a pressure that is significantly different from the ambient pressure....
Instrument Transformers Market Size to Grow $10.6 billion by 2030 | ABB, General Electric, Siemens
According to a research report “Instrument Transformers Market by Type (Current, potential, and combined), Installation (liquid, SF6 gas, solid), Enclosure (indoor and outdoor), Voltage, End-User, and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2030″ published by MarketsandMarkets, the global instrument transformers market is projected to grow from...
Reed Relay Market May See a Big Move: ABB, Standex International Corporation, Siemens, Schneider
New Revenue Pockets:
The global reed relay market size is estimated to be USD 352 million in 2022 and is projected to reach USD 1,125 million by 2030, at a CAGR of 15.6% during the forecast period. The reed relay market is driven by the growth of increasing adoption of EVs. Reed relays are used in the batteries of EVs. According to International Energy Agency’s Tracking Clean Energy Progress...
Current Trends: A Deep Dive into the High Voltage Cables and Accessories Market
Global Growth Factors:
Factors such as increased investments in electricity grids and growth of offshore wind farms is driving the need for high voltage cables and accessories. It offer insulation and protection to prevent electrical leakage and reduce power losses. Accessories are essential components utilized to establish secure connections and maintain the seamless flow of power, ensuring the...