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...
Power Plant Boiler Market worth $22.8 Billion by 2025
The global Power Plant Boiler Market size is expected to grow from an estimated USD 18.1 billion in 2020 to USD 22.8 billion by 2025, at a CAGR of 4.8%, during the forecast period. Increasing demand for electricity and growing focus on clean fossil fuels such as natural gas, which helps reduce greenhouse gas emissions, are the key factors driving the power plant boiler market. Power plant...
Portable Power Station Market worth $494 Million by 2026
The global Portable
Power Station Market size is projected to grow from USD 358 million in
2021 to USD 494 million by 2026, at a CAGR of 6.7% according to a new report by
MarketsandMarkets™. North America is expected to lead the portable power
station market, followed by Asia Pacific and Europe. The market in North
America is also expected to grow at the highest rate during the forecast
period....
Energy Management Systems Market worth $75.0 Billion by 2027
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...
Electrical Bushings Market worth $2.96 Billion by 2023
The global electrical bushings market is expected to grow from an estimated USD 2.45 Billion in 2018 to USD 2.96 Billion by 2023, at a CAGR of 3.86%, during the forecast period. In 2017, Asia Pacific was the largest market for electrical bushings, followed by Europe and North America. The growth of the electrical bushings market is mainly driven by rising electrical network expenditure and the increasing...
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...
Environmental Technology Market Expected to Grow $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...
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...
Gas Turbine Market Growth is Driven by Rising Demand for Power Generation
The global Gas Turbine Market is expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines.
Power generation segment is expected to lead the gas turbine market
The increase...
Energy as a Service Market worth $105.6 Billion by 2027
The
global Energy as a Service Market is projected to grow from USD 64.7 billion in 2022 to USD 105.6 billion
by 2027, at a CAGR of 10.3% according to a new report by MarketsandMarkets™. Increasing distributed energy resources, new revenue generation
streams for utilities, availability of federal and state tax benefits for
energy-efficiency projects and decreasing cost of renewable power generation
and...