Inverter Market Development Opportunities Accelerate in 2027

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According to a new market research report, the global inverter market is projected to reach USD 33.8 billion by 2027 from an estimated USD 16.3 billion in 2022, at a CAGR of 15.7% during the forecast period. The increase investments in the renewable energy sector and the government initiatives supporting the solar installations  is expected to drive the demand for global Inverter market. Key...

Protective Relay Market worth $2.7 Billion by 2025

Protective Relay Market
The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and...

Meter Data Management System Market to Exceed $428 Million by 2023

Meter Data Management System Market
The global Meter Data Management System Market is expected to grow from USD 169 million in 2018 to USD 428 million by 2023, at a CAGR of 20.48% during the forecast period. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and the need for accurate utility bill generation. Europe is projected to be the second largest...

Energy Management Systems Market worth $75.0 Billion by 2027

Power Quality Equipment Market
The global Energy Management Systems Market size is estimated to be USD 75.0 billion by 2027 from USD 38.6 billion in 2022, at a CAGR of 14.2% during the forecast period. The Energy Management Systems Market, is expected to witness significant growth during the forecast period. With such a high demand for energy resources, the volatility in energy prices centers on changes in supply and...

Utility Communication Market worth $26.1 Billion by 2027

Utility Communication Market
The global Utility Communication Market is projected to grow from USD 20.2 billion in 2022 to USD 26.1 billion by 2027, at a CAGR of 5.3% according to a new report by MarketsandMarkets™. The Utility Communication Market has promising growth. Growing investment in smart grids; the need for improving grid reliability and operating efficiency and reducing outage length; rising technological advancements...

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...

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...

Meter Data Management System Market to See Huge Growth by 2023

Meter Data Management System Market
The global Meter Data Management System Market is projected to reach $428 million by 2023 from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and need for accurate utility bill generation. Europe is projected to be the second largest region, with...

Energy Management Systems Market Likely to Boost Future Growth by 2027

Energy Management Systems Market
According to the new market research report “Energy Management Systems Market by Component, Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), Deployment, End-User Industry and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the global Energy Management Systems Market size is estimated to be USD 75.0...

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...