Air Circuit Breaker Market worth $4.1 Billion by 2028
The global Air Circuit Breaker Market is expected to reach USD 4.1 billion by 2028 from USD 3.2 billion in 2023 at a CAGR of 5.0% during the 2023–2028 period according to a new report by MarketsandMarkets™. Key growth catalysts include rising investments in smart grid technologies aimed at safeguarding and managing power equipment, along with the replacement of aging infrastructure....
Vacuum Contactor Market Size to Hit $5.5 billion by 2028
According to a research report “Vacuum Contactor Market by Voltage Rating (1-5 kV, 5.1-10 kV, 10.1-15 kV, 15.1-24 kV), Configuration, Application (Motors, Transformers, Capacitors, Reactors, Resistive Loads), End Users (Utilities, Industrial, Oil & Gas) Region – Global Forecast to 2028″ published by MarketsandMarkets, the global vacuum contactor market is estimated to be valued at...
Smart Grid Market Expected to Reach $103.4 Billion by 2026
The global Smart Grid Market size is projected to reach USD 103.4 billion by 2026 from USD 43.1 billion in 2021 at a CAGR of 19.1% during the forecast period. Smart grid technology enables the transition from a traditional energy distribution network to an intelligent electricity grid that allows two-way communication between the utility and its customers. The smart electric grid uses digital communication...
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....
Circuit Monitoring Market Size to Reach $829 million by 2028
According to a research report “Circuit Monitoring Market by Type (Modular Circuit Monitoring, Others (Branch Circuit & Multi Circuit)), End Use (Commercial, Industrial, Data Centers), & Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Global Forecast to 2028″ published by MarketsandMarkets, the global circuit monitoring market is projected...
Smart Meters Market worth $30.2 Billion by 2026
The global smart meters market is projected to reach USD 30.2 billion by 2026 from USD 19.6 billion in 2021, at a CAGR of 9.0% during the forecast period. Smart Meters is increasingly being installed and is showing robust growth.
Governments worldwide are undertaking several initiatives to meet the future electricity demands and are focusing on reducing carbon footprint by promoting the...
Protective Relay Market worth $2.7 Billion by 2025
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...
Utility Communication Market worth $26.1 Billion by 2027
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...
Switchgear Monitoring System Market Surge to $2.1 Billion by 2025
The global Switchgear Monitoring System Market size is expected to grow from an estimated USD 1.3 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 9.7%, during the forecast period. The demand for safe and secure electrical distribution systems, the need for the continuous monitoring of switchgear, the revival of investments in the construction sector, and growing investments in renewable...
Smart Grid Market Size to Reach $103.4 Billion by 2026
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...