Surge Arrester Market Size to Reach $1.9 Billion by 2025

Circuit Breaker Market
The global Surge Arrester Market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, 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...

Utility Communication Market expected to Grow $23.2 Billion by 2026

Utility Communication Market
According to the new market research report “Utility Communication Market  by Technology Type(Wired and Wireless), Utility Type, Component(Hardware and Software), Application (Oil & Gas Network, T&D), End User (Residential, Commercial, and Industrial) and Region- Global Forecast to 2026″, published by MarketsandMarkets™, the Utility Communication Market  size is expected...

Air Insulated Switchgear Market to exceed $8.41 Billion by 2022

Air Insulated Switchgear Market
The global air insulated switchgear market is projected to grow at a CAGR of 4.68% from 2017 to 2022. In 2016, Asia-Pacific is estimated to be the largest market for air insulated switchgear, followed by the Europe, and North America. This trend is expected to continue till 2022. The growth of the air insulated switchgear market is driven by increasing expenditure by the utilities in the transmission &...

Electric Insulator Market expected to Grow $13.34 Billion by 2023

Electric Insulator Market
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

solid oxide fuel cell
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...

Gas-insulated Switchgear Market is Booming Worldwide with ABB, Schneider Electric, Siemens, Eaton, and General Electric.

Gas-insulated Switchgear Market
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 growing investments in renewable energy and government initiatives to reduce carbon emissions is likely to drive the market for gas-insulated switchgear market globally. Also, the expansion of electrical grids due to the growing industrialization and urbanization...

Gas-insulated Switchgear Market Size to Grow $26.5 Billion by 2025, At CAGR of 9.5%

Gas-insulated Switchgear Market
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% from 2020 to 2025. 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...

Meter Data Management System Market to Grow at Fastest Rate of 20.48% during 2018-2023

Meter Data Management System Market
The global Meter Data Management System Market is projected to reach $428 million by 2023 from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and need for accurate utility bill generation. The electricity segment is expected to be the fastest growing...

Utility Communication Market to be $23.2 Billion by 2026

Utility Communication Market
According to the new market research report “Utility Communication Market  by Technology Type(Wired and Wireless), Utility Type, Component(Hardware and Software), Application (Oil & Gas Network, T&D), End User (Residential, Commercial, and Industrial) and Region- Global Forecast to 2026″, published by MarketsandMarkets™, the Utility Communication Market  size is expected...

Surge Arrester Market 2020 to Grow at a CAGR of 4.9% by 2025

Surge Arrester Market
According to the new market research report “Surge Arrester Market by Type (Polymeric, Porcelain), Voltage (Medium, High, Extra High), Class (Distribution, Intermediate, Station), End-User (Utilities, Industries, Transportation), Application and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Surge Arrester Market is projected to reach USD 1.9 billion...