Smart Grid Market Size to Reach $103.4 Billion by 2026

Smart Grid Market
The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. The modernization of aging grid infrastructure is one of the primary factors driving the smart grid market growth. Moreover, the government across the world is encouraging investments in smart grids. Smart grid technology...

Gas Insulated Switchgear Market worth $31.3 Billion by 2027

Gas Insulated Switchgear Market
The global Gas Insulated Switchgear Market is projected to grow from USD 23.1 billion in 2022 to USD 31.3 billion by 2027, at a CAGR of 6.3% according to a new report by MarketsandMarkets™. The Gas Insulated Switchgear Market is expected to witness significant growth during the forecast period, owing to the power distribution infrastructure, which is expected to strengthen in the upcoming years...

Surge Arrester Market Expected to Reach $1.9 Billion by 2025

Surge Arrester Market
The global Surge Arrester Market size is expected to grow from an estimated USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus of on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well as in electrification...

Electric Insulator Market Expected to Grow $13.34 Billion by 2023

Industrial Control Transformer
The global electric insulator market is expected to grow from an estimated USD 10.17 billion in 2018 to USD 13.34 billion by 2023, at a CAGR of 5.58%. In 2018, the market in Asia Pacific is estimated to be the largest, followed by North America. Factors such as increasing investments in T&D networks, refurbishment of existing grid networks, and growing adoption of renewable energy sources are...

Load Break Switch Market Size to Reach $3.12 Billion by 2023

Load Break Switch Market
The global load break switch market is expected to grow from an estimated market size of USD 2.23 Billion in 2018 to USD 3.12 Billion by 2023, at a CAGR of 6.16%, during the forecast period. The global load break switch market is set to witness significant growth due to the refurbishment of aging infrastructure, increasing investment in the power distribution sector, and focus on renewable power generation....

Circuit Breaker Market Expected to Grow $7.7 Billion by 2025

Circuit Breaker Market
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. Growing investments in smart grid technologies to protect and control power equipment and replacement of aging infrastructure, and the need for reliable T&D networks offer high-growth opportunities for the circuit breaker...

Synchronous Condenser Market worth $811 Million by 2030

Synchronous Condenser Market
The global Synchronous Condenser Market is projected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6% according to a new report by MarketsandMarkets™. Synchronous condensers ensure a stable supply to the transmission grid. They can also supply and absorb reactive power and deliver voltage support and dynamic regulation. In addition, many renewable resources are...

Gas-insulated Switchgear Market to Witness Revolutionary Growth by 2025

Gas-Insulated Switchgear Market
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...

Smart Grid Market to Show Robust Growth in Near Future

Smart Grid Market
The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. Modernization of aging grid infrastructure is one the primary factors driving market growth. Moreover, the government across the world is encouraging the investments in smart grids. Smart grid technology enables the transition from...

Transformer Oil Market Likely to Boost Future Growth by 2030

Transformer Oil Market
The global Transformer Oil Market size is expected to grow from an estimated USD 1.9 billion in 2021 to USD 3.3 billion by 2030, at a CAGR of 6.5%. The expansion of electric grids in developing countries and the modernization of the electric grids in the developed economies are driving the Transformer Oil Market. The transformer is expected to be the largest contributor to the transformer oil market The...