Smart Meter Market Share to Hit $36.3 Billion by 2028
The global Smart Meter Market Share is expected to grow from USD 23.1 billion in 2023 to USD 36.3 billion in 2028, at a CAGR of 9.4% from 2023 to 2028. The emergence of electric, gas, and water smart meters has revolutionized utility operations. With advancements in smart meters, sensors, control systems, and communication components, utility systems can be monitored in real-time. These dynamic tariffs...
Predicting a $11.4 Billion Rise in the Drone Inspection and Monitoring Market by 2027
The Global Drone Inspection and Monitoring Market is poised for significant growth, with projections indicating a surge from USD 11.6 Billion in 2022 to a staggering USD 23.0 Billion by 2027, at a robust CAGR of 14.6%. This expansion is attributed to escalating demand for precise and safe inspection and monitoring solutions across diverse sectors.
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Motor Monitoring Market Receive Fuel Flexibility Boost
The Motor Monitoring Market refers to the industry that provides solutions and services for monitoring the performance, condition, and health of electric motors. Electric motors are widely used in various industrial applications such as manufacturing, energy, automotive, and others, and monitoring these motors is critical to ensure their efficient operation, prevent unexpected failures, and optimize...
Remote Power Panel Market May See a Big Move
Remote power panels play an important role in data centers by providing power distribution and monitoring capabilities. These data centers typically feature remote power panels that can be easily configured and monitored from a central location. This allows organizations to quickly and easily scale their IT infrastructure to meet ever-changing demand while also reducing the cost and complexity of...
Smart Water Metering Market Size will Escalate Rapidly in the Near Future
Globally, water utilities are considering technological innovations in water metering infrastructure to improve their operational efficiency. According to a UN report, 66% of the world’s population will be living in urban areas by 2050. This creates a scenario of a large population with no or poor access to water infrastructure. Countries are facing the constant issue of water loss and wastage....
Oil & Gas Sensors Market : Emerging Trends & Future Growth Opportunities By 2023
The Oil & Gas Sensors market is expected to grow from USD 7.4 billion in 2018 to USD 9.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. The major factors driving the oil & gas sensors market include growing IoT in the oil & gas industry. IoT in the oil and gas industry helps in improving operational efficiency, revenue, real-time data,...