Electric Insulator Market expected to Grow $13.34 Billion by 2023
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...
Digital Utility Market to Cross $244.31 Billion by 2022
The global digital
utility market is expected to grow from an estimated $135.16 billion
in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The
North America is currently the largest market for digital utility, closely
followed by the Europe and Asia-Pacific market. However, by 2022, the market in
Asia-Pacific is projected to gain the largest share. The Digital utility...
Distributed Generation Market to exceed $103.38 Billion by 2022
The global distributed
generation market is expected to grow from an estimated USD 60.04 Billion
in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be
attributed to the increased global demand for electricity, decreasing costs of
solar technology, and rising efforts to reduce global greenhouse gas emissions.
The growing demands for electric power accompanied with regulatory...
Battery Monitoring System Market to Cross $5.47 Billion by 2022
The global battery monitoring system market is projected to grow at a CAGR of 18.23%, to reach a
market size of USD 5.47 Billion by 2022, from an estimated USD 2.37 Billion in
2017. North America is estimated to be the largest market for battery
monitoring systems, followed by Asia Pacific and Europe. The growth of the
battery monitoring system market is mainly driven by a booming demand for
global...
Gas Engines Market Booming Worldwide with Caterpillar, Wärtsilä, Man SE, Cummins, and Rolls-Royce.
The global gas engines market size is projected to reach USD 5.3 billion by 2024, from an estimated USD 4.0 billion in 2019, at a CAGR of 5.7% during the forecast period. The increasing demand for clean and renewable power generation and implementation of stricter emission regulations across the globe are major drivers for the gas engines market.
The gas engines market is dominated by a few major
players...
At CAGR of 29.68%, Virtual Power Plant Market to exceed $709.2 Million by 2021
The global virtual
power plant market is expected to grow from USD 193.4 million in 2016 to
USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021. North America
is estimated to be the largest market for virtual power plants, followed by
Europe in 2016. This trend is expected to continue till 2021. The growth of the
virtual power plant market is driven by increasing share of renewable energy...
Offshore Wind Market will surge to $56.8 Billion by 2026
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...
Industrial Power Supply Market expected to Grow $9.7 Billion by 2026
According to the new market research report
“Industrial Power Supply Market By Type (AC-DC and DC-DC Converter),
Output Power (Very Low Output(up to 500W), Low Output(500-1,000W) Medium
Output(1,000W–10kW), High Output(10-75kW), Very High Output(75-150kW),
Vertical, Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Industrial
Power Supply Market size...
Transformer Oil Market to Grow $3.3 Billion by 2030 | Nynas AB, Ergon, Inc., PetroChina Company Limited, APAR Industries, and Sinopec Lubricant Company.
According to the new market research report
“Transformer Oil Market by Oil Type (Mineral (Naphthenic,
Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear,
Reactor), End User (Transmission & Distribution, Power Generation, Railways
& Metros), and Region – Global Forecast to 2030 “, published by MarketsandMarkets™, the global Transformer
Oil Market size...
Gas Turbines Market to exceed $20.66 Billion by 2022
The global Gas
Turbines Market is expected to grow from an estimated $17.51 billion in
2017 to $20.66 billion by 2022, at a CAGR of 3.36%, from 2017 to 2022. The
shale gas boom in North America and decommissioning of nuclear plants in Europe
are likely to boost the demand for gas turbines in these regions. The demand
for gas turbines in the Middle East & Africa, Latin America, and Asia
Pacific...