Power Transformer Market worth $37.7 Billion by 2029
The global Power Transformer Market is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market stands...
Air Insulated Switchgear Market worth $85.9 Billion by 2029
The global Air Insulated Switchgear Marketis expected to grow from an estimated USD 67.3 billion in 2024 to USD 85.9 billion by 2029, at a CAGR of 5.0% during the forecast period according to a new report by MarketsandMarkets™.
The air insulated switchgear market is poised for substantial growth during this period, primarily due to the development of power distribution infrastructure in...
Circuit Breaker Industry: From Tradition to Innovation
The global Circuit Breaker Market size is expected to grow from an estimated USD 6.5 billion in 2023 to USD 8.6 billion by 2028, at a CAGR of 5.5% during the forecast period. Key drivers for this growth include increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure. Additionally, the demand for...
District Cooling Market worth $1177 Million by 2026
The global district cooling market is projected to reach USD 1,177 million by 2026 from an estimated market size of USD 931 million in 2021, at a CAGR of 3.4% during the forecast period. The factors driving the growth for district cooling are the Surging need for efficient cooling in regions with hot climate and Growing investments in infrastructure projects in developing economies.
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Surge Arrester Market worth $1.9 Billion by 2025
The global Surge Arrester Market size is expected to grow from an estimated USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus of on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well...
Environmental Technology Market worth $690.3 Billion by 2026
The global Environmental Technology Market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% during the forecast period. Increase in demand from different verticals and a stringent government regulation is one of the major factors contributing to the high growth of the environmental technology market.
Based on technological...
Diesel Generator Market worth $23.4 Billion by 2029
The global Diesel Generator Market is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™. Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies. The longevity and durability of diesel...
Clean Solutions: Industrial Filtration Market Evolution in the US
The Industrial Filtration market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to its massive food & beverage sector, extensive oil & gas infrastructure, and ongoing construction & environmental projects. Stringent regulations, aging power plants, and a growing focus on clean industry practices are expected to...
Industrial Filtration Market worth $47.1 Billion by 2029
The global Industrial Filtration Market is expected to reach USD 47.1billion by 2029 from USD 37.1 billion in 2024 at a CAGR of 4.9% during the forecast period according to a new report by MarketsandMarkets™. The rigorous environmental regulations imposed by governments worldwide require industries to adopt filtration solutions to mitigate pollution and ensure compliance. This...
Gas Engine Market worth $6.3 Billion by 2029
The global Gas Engine Market is expected to reach USD 6.3 billion by 2029 from USD 5.1 billion in 2024 at a CAGR of 4.5% during the 2024–2029 period according to a new report by MarketsandMarkets™. The growth in this market can be attributed to various factors stimulating demand. A prominent driver is the escalating focus on cleaner energy sources and sustainability initiatives,...