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...
Shredder Blades Market Size to Grow $557 million by 2028
According to a research report “Shredder Blades Market by Shaft Count (Single shaft, Double shaft), Blade Design (Hook, Square), End User Industry (Waste Management & Recycling, Food Industry), Application (Plastic, Rubber, Metal, Wood, E-waste) & Region – Global Forecast to 2028″ published by MarketsandMarkets, the Shredder blades market is projected to reach USD 557 million...
Switchgear Market Size to Hit $119.9 billion by 2028
According to a research report “Switchgear Market by Insulation (Gas-insulated, Air-insulated), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2-36 kV), High (Above 36 kV), End User and Region – Global Forecast to 2028″ published by MarketsandMarkets, the market size for switchgear is projected to reach approximately USD 119.9 billion by the...
Energy Management Systems Market worth USD 75.6 Billion by 2028
The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% according to a new report by MarketsandMarkets™. EMS determines the most cost-effective configuration for power production, transmission, and distribution throughout the network, considering the required criteria for system stability, safety,...
Distribution Automation Market Sets New Record, Projected at $28.1 Billion By 2027 at 12.2% CAGR
The global distribution automation market is estimated to be valued at USD 15.8 billion in 2022 (estimated year) and is projected to reach USD 28.1 billion by 2027 (forecast year); growing at a CAGR of 12.2% during the forecast period.
The distribution automation market has promising growth potential due to the rising deployment of smart grid technologies and increasing demand for the electricity...
Electric Motors Market worth USD 186.0 Billion by 2027
The global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0 billion by 2027, at a CAGR of 6.8%. This market is mainly driven by increasing investments in electric vehicles. Increasing demand for HVAC systems among residential, commercial, and industrial end-users, and growing demand for electric motors in manufacturing industries are the major driving factor...
Gas Turbine Market worth USD 22.5 Billion by 2026
The global Gas Turbine Market is expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines.
Power generation segment is expected to lead the gas turbine market
The...
Distributed Control System Market Sets New Record, Projected at $26.7 Billion by 2028
The global distributed control system market is projected to reach USD 26.7 billion by 2028 from an estimated USD 19.9 billion in 2023, at a CAGR of 6.1% during the forecast period. The demand for Distributed Control Systems (DCS) in the power generation industry is significant and growing as power plants strive to increase efficiency, reliability, and safety. DCS plays a vital role in the power...
Solid Oxide Fuel Cell Market Expecting Huge Demand in Upcoming Years with a CAGR of 31.0%
New Revenue Pockets:
The global solid oxide fuel cell market is projected to reach USD 5.4 billion by 2028 from an estimated USD 1.4 billion in 2023, at a CAGR of 31.0% during the forecast period. The growing use of electronic devices in emergency, off-grid, and automotive applications will benefit the fuel cell generator business.
Key Market Players
Prominent companies in this market include...