Offshore Wind Market will surge to $56.8 Billion by 2026

Offshore Wind Market
According to the new market research report “Offshore Wind Market by Component (Turbines (Nacelle, Rotors & Blades, Tower), Substructure, Electrical Infrastructure), Location (Shallow Water, Transitional Water, & Deepwater) and Region (North America, Asia Pacific, & Europe) – Global forecast to 2026“, published by MarketsandMarkets™, the global offshore wind market...

Power-to-gas Market to Benefit Profoundly; Growing Adoption of Hydrogen in Mobility to Propel Market

power to gas market
Latest report “Power-to-gas Market by technology (Electrolysis and Methanation), Capacity (Less than 100 kW, 100–999kW, 1000 kW and Above), End-User (Commercial, Utilities, and Industrial), and Region (North America, Europe, Asia Pacific) – Global Forecast to 2024″ The global power-to-gas market is projected to reach USD 42 million by 2024 from an estimated USD 26 million...

At CAGR of 27.1%, Renewable Drones Market to Hit $148 Million by 2025

Renewable Drones Market
The global Renewable Drones Market is projected to reach a size of USD 148 million by 2025, at a CAGR of 27.1%, from an estimated USD 45 million in 2020. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors for the renewable drones market, globally. Technological developments software for drone data analytics, and rapid development of...

At CAGR of 37.34%, Utility Drones Market to Hit $538.6 Million by 2023

Utility Drones Market
The global Utility Drones Market is estimated to be USD 110.2 million in 2018 and is projected to reach USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Drones that are mainly used for utilities inspection, survey, and asset management are called utility drones.  In 2017, North America was the largest market for utility drones, followed by Asia Pacific and Europe. Growing demand...

Thermal Energy Storage Market Likely to Boost Future Growth by 2025

Thermal Energy Storage Market
The global Thermal Energy Storage Market size is projected to reach USD 369 million by 2025, at a CAGR of 14.4%, from an estimated USD 188 million in 2020. The growth of the thermal energy storage market is majorly driven by increasing demand for energy storage technologies, rising number of CSP projects, and increasing HVAC applications. Thermal energy storage in concentrating solar power (CSP)...

Environmental Technology Market Projected to Hit $690.3 Billion by 2026

Environmental Technology Market
According to the new market research report “Environmental Technology Market by Component (Solutions, Services), Technological Solutions (Waste Valorization, Greentech, Nuclear Energy, Bioremediation), Application, Vertical (Municipal, Industrial), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the  Environmental Technology Market is estimated at USD...

Hydrogen Energy Storage Market Likely to Boost Future Growth by 2024

Global Hydrogen Energy Storage Market Overview: The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.7 billion in 2019, at a CAGR of 5.8% during the forecast period. Increase in demand for hydrogen in the chemical industry and market for hydrogen in stationary and portable power are driving the growth of the global industry. ...

Insights on the Grid-Scale Battery Market 2023 – Increasing Investments in Renewable Energy is Driving Growth

grid scale batteries market
Global Grid-Scale Battery Market Overview: According to the new market research report “The grid-scale battery market is expected to grow from USD 1.37 Billion in 2018 to USD 5.82 Billion by 2023, at a CAGR of 33.52% during the forecast period.” The growth of this market can be attributed to the increasing investments in renewable energy, reducing costs of grid-scale battery...

Switchgear Market Set for Rapid Growth During 2020-2025 | ABB, Siemens, Schneider Electric, GE, Eaton

Global Switchgear Market Growth Status and Outlook 2020-2025 Latest research “Switchgear Market By Insulation (Gas Insulated, Air Insulated), By Installation (Indoor, Outdoor) By End-Users (T&D Utilities, Industries, Commercial & Residential, Others), By Voltage (Low, Medium, High), and Region – Global Forecast to 2025″ The switchgear market size will grow to USD...

Power Quality Equipment Market Size to Grow $46.1 billion by 2026

The report “Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Voltage Regulators, Static VAR compensators, Power Quality Meters), Phase (Single and Three Phase), End User, and Region – Global Forecast to 2026” The power quality equipment market size will grow to USD 46.1 billion by 2026 (forecast year) from USD 32.4 billion in 2021...