Circuit Breaker Market Revenue to Hit $8.7 Billion by 2022
The global circuit
breaker market is projected to reach
USD 8.7 billion by 2022 from an estimated USD 6.9 billion in 2017, at a CAGR of
4.9% from 2017 to 2022. Growing access to electricity in developing countries,
increasing construction and developmental activities, and the rising number of
renewable power generation projects are the major drivers that would trigger
growth in the circuit breaker...
Gas-insulated Switchgear Market Size to Reach $26.5 Billion by 2025
The global Gas-Insulated
Switchgear Market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The factors driving market growth are
the growing investments in renewable energy and government initiatives to reduce
carbon emissions along with the expansion of electrical grids due to the
growing industrialization and urbanization.
A global increase in...
Energy as a Service Market Rising at 10.8% CAGR to 2024 with Major Players Schneider Electric, Engie, Siemens, Honeywell, Veolia, Enel X, and EDF Renewable Energy.
The global Energy
as a Service Market is projected to reach USD 86.9 billion by 2024 from an
estimated USD 52.0 billion in 2019, at a CAGR of 10.8%. This growth can be
attributed to the new revenue generation streams for utilities, increased
distributed energy resources, decreasing cost of renewable power generation and
storage solutions, and availability of federal and state tax benefits for
energy...
Air Circuit Breaker Market Projected to Reach $3.9 Billion by 2024
The global Air
Circuit Breaker Market size is projected to reach USD 3.9 billion by 2024
from an estimated USD 3.0 billion in 2019, at a CAGR of 5.2% during the
forecast period. Asia Pacific is estimated to be the largest market for air
circuit breakers, followed closely by North America. The Middle East &
Africa market is also projected to be the fastest-growing market during the
forecast period....
Pad-Mounted Switchgear Market to Reach $7.2 Billion by 2024
The global pad-mounted switchgear market is projected to reach USD 7.2 billion by 2024 from an
estimated market size of USD 5.5 billion in 2019, at a CAGR of 5.4% during the
forecast period. The factors driving the market include increasing investments
in distribution infrastructure to meet the growing electricity demand along
with investments in underground distribution due to functional and aesthetic
advantages....
Gas Engines Market to Hit $5.3 Billion by 2024
The global gas
engines market size is expected to grow from an estimated USD 4.0 billion
in 2019 to USD 5.3 billion by 2024, at a CAGR of 5.7%, during the forecast
period. Increasing demand for clean & efficient power generation technology
and the implementation of stricter emission regulations is expected to drive
market growth.
The natural gas segment is
expected to hold the largest share...
Protective Relay Market Size Anticipated to Reach $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 advanced...
Impact of COVID 19 on Smart Grid Market
Post COVID-19, the report “COVID-19
Impact on Smart Grid Market by Component (Hardware, Software and
Services) and Region – Global Forecast to 2021″ size is estimated to
be USD 26.9 billion in 2020 and projected to reach USD 28.8 billion by 2021 at
a CAGR of 7.1% from 2020 to 2021. The
major factors driving the growth of the smart grid industry include
modernization of aging...
Smart Meters Market Size to reach $28.6 Billion by 2025
According to the new market research report “Smart
Meters Market, By Type (Electric, Gas, Water), By Communication Type
(RF, PLC, Cellular), By Component (Hardware, Software), By Technology (AMR,
AMI), By End-user (Residential, Commercial, Industrial), and Region – Global
Forecast To 2025″The global Smart Meters Market size is expected
to grow from estimated revenue of USD 20.7 billion...
Electrical Digital Twin Market to Witness A Massive Growth of 15.4% by 2024
The global electrical digital twin market
is projected to reach USD 1,642 million by 2024 from an estimated USD 804
million in 2019, at a CAGR of 15.4%. This growth can be attributed to the
improved accuracy and efficiency in power sector operations, streamlined
integration of renewable energy technologies, and reduced unplanned downtime
and maintenance cost.
The asset performance
management is...