The Growing Market for Hydrogen Generation: A Promising Future
Hydrogen has emerged as a key player in the transition towards clean and sustainable energy systems. As countries worldwide seek to reduce their carbon footprint and combat climate change, hydrogen generation has gained significant attention. This article explores the evolving market for hydrogen generation, highlighting its potential, key drivers, challenges, and future prospects.
Hydrogen’s...
Smart Meter Market worth $36.3 Billion by 2028
The global Smart Meter Market is projected to reach USD 36.3 billion in 2028 from USD 23.1 billion in 2023 at a CAGR of 9.4% according to a new report by MarketsandMarkets™. 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....
Electrolyzers Market worth $23.6 Billion by 2028
The global Electrolyzers Market is projected to reach USD 23.6 billion in 2028 from USD 1.2 billion in 2023 at a CAGR of 80.3% according to a new report by MarketsandMarkets™. The Electrolyzers Market has promising growth potential due to the rising deployment of electrolyzers for the green hydrogen production.
Proton exchange menbrane has the second larget Electrolyzers Market, by technology,...
Residential Energy Storage Market Demand to Grow 20.5% Annually Through 2027
According to a new market research, demand for residential energy storage market is expected to grow from an estimated in USD 719 million in 2022 to USD 1,828 million by 2027, at a CAGR of 20.5% during the forecast period. The rising demand of solar PV installations and the manufacturing of electric vehicles are expected to be the primary drivers of the market.
Key Market Players
A few major...
Pad-Mounted Switchgear Market worth $7.1 Billion by 2028
The global Pad-Mounted Switchgear Market is projected to reach USD 7.1 billion in 2028 from USD 5.6 billion in 2023 at a CAGR of 5.1% according to a new report by MarketsandMarkets™. Pad-mounted switchgear systems provide easy access to cable connections and operating apparatus, while vault switchgear can be wall- or floor-mounted for underground installations with flexibility to the direction...
Power Grid Market worth $367.4 Billion by 2028
The global Power Grid Market is projected to reach USD 367.4 billion in 2028 from USD 282.1 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. The power grid delivers on-demand electricity from power plants to homes and businesses nationwide. It ensures the optimum use of energy resources, provides greater power supply capacity, and makes power system operations...
Navigating the Future: Insights into the Booming Fuel Cell Market
The emissions from vehicles account for more than 15% of the global greenhouse emissions. Hence, governments all over the world are finding alternative power sources for use in the transportation sector. The adoption of fuel cell vehicles (FCVs) in the sector is expected to increase in the near future, as there is zero owing to the absence of CO2 emissions during vehicle operation. Therefore,...
Carbon Credit Trading Platform Market Will Generate Massive Revenue In Future
New Revenue Pockets:
The global carbon credit trading platform market is expected to reach USD 317 million by 2027 from an estimated USD 106 million in 2022, at a CAGR of 24.4% from 2022 to 2027. Increasing carbon emissions are the primary driver for global warming across the globe. Anthropogenic greenhouse gas emissions have increased since the pre-industrial era, driven largely by economic...
Hydrogen Fueling Station Market To Observe Exponential Growth By 2023-2030
The global hydrogen fueling station market is projected to reach USD 1,129 million by 2030 from an estimated USD 380 million in 2023, at a CAGR of 16.8% during the forecast period. Factors such as stringent government regulations to control greenhouse gas emissions and increasing implementation of national hydrogen strategies across various countries is significantly contributing to the growth of...
Distributed Energy Resource Management System Market Set to Reach New Heights in Response to Increasing Energy Needs
The need for energy efficiency and increasing investments to upgrade aging grid infrastructure are expected to drive the growth of the distributed energy resource management system market during the forecast period.
The global distributed energy resource management system market is projected to reach USD 750 million by 2026 from an estimated USD 286 million in 2021, at a CAGR of 21.2% during the...