Floating LNG Power Vessel Market to exceed $931.6 Million by 2023
The global floating LNG power vessel market is expected to grow from an estimated $860.1 million in 2018 to $931.6 million by 2023. The Asia Pacific is estimated to be the largest market, followed by the Middle East & Africa. Factors such as growing population, industrialization and increasing urban business activities, and an increase in the demand for power generation are expected...
Gas Turbine Market Expected to Reach $22.5 Billion by 2026
The global Gas Turbine Marketis 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...
Surge Arrester Market Expected to Reach $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 as in
electrification...
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...
Load Break Switch Market Size to Reach $3.12 Billion by 2023
The global load
break switch market is expected to grow from an estimated market size of
USD 2.23 Billion in 2018 to USD 3.12 Billion by 2023, at a CAGR of 6.16%,
during the forecast period. The global load break switch market is set to
witness significant growth due to the refurbishment of aging infrastructure,
increasing investment in the power distribution sector, and focus on renewable
power generation....
Circuit Breaker Market Expected to Grow $7.7 Billion by 2025
The global Circuit
Breaker Market size is expected to grow from an estimated USD 5.7 billion
in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9%, during the forecast
period. Growing investments in smart grid technologies to protect and control
power equipment and replacement of aging infrastructure, and the need for
reliable T&D networks offer high-growth opportunities for the circuit
breaker...
Power Supply Market Expected to Grow $34.92 Billion by 2023
The global power
supply market is estimated to grow from USD 25.20 billion in 2018 to USD
34.92 billion by 2023, at a CAGR of 6.7% from 2018 to 2023. Growing adoption of
home and building automation systems, emerging telecommunications sector, and
increasing demand for energy-efficient devices/appliances services are the key
factors driving the power supply market growth.
Power supplies are being...
Portable Power Station Market to Generate $494 Million Revenue by 2026
The global Portable
Power Station Market size is expected to grow from an estimated USD 358
million in 2021 to USD 494 million by 2026, at a CAGR of 6.7 % during the
forecast period. The drivers for this market are the increasing use of smart
electronic devices, growing demand for uninterrupted and reliable power, and
stringent emission rules across regions such as Asia Pacific, North America,
South...
Fuel Cell Generator Market worth $1.4 Billion by 2030
According to the new market research report “Fuel Cell Generator Market by Type (PEMFC, SOFC, AFC), End User
(Marine, Aquaculture, Construction, Agriculture, Data Center, Emergency
Response Generator), Region (North America, Europe, Asia Pacific, Rest of the
World) – Global Forecast to 2030”, published by MarketsandMarkets™, The
global fuel cell generator market size is estimated to be...
Industrial Power Supply Market worth $14.5 Billion in 2027
The
global Industrial Power Supply Market is projected to grow from USD 10.8 billion
in 2022 to USD 14.5 billion by 2027, at a CAGR of 6.0% according to a new
report by MarketsandMarkets™. The
growth of the industrial power supply market can be attributed to growing
investments in the energy efficient devices in the industrial sectors and
adoption of robots across several industries. The growing...