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...
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...
Utility Drones Market Growing at a CAGR of 37.34% from 2018 to 2023
The Utility Drones Market is expected to grow from an estimated USD 110.2 million in 2018 to USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Drones that are mainly used for utilities inspection, survey, and asset management are called utility drones. Growing demand for minimizing outages related to transmission and distribution infrastructure, cost efficiency, and reachability in...
Distribution Automation Market Size – Industry Share Report 2018-2023
The distribution automation market is estimated to grow at a CAGR of 7.29% from 2018 to 2023, to reach a projected market size of USD 16.81 billion by 2023. Distribution automation is a solution, which includes monitoring, protecting, controlling, and maintaining the distribution network. Distribution automation is mainly divided into two areas including distribution substation & feeder automation...
Increasing use of smart grids and mobile devices, modification in billing practices in Utility Communication Market
The Utility Communication Market is expected to grow at a CAGR of 15.55%, from 2016 to 2021 and will reach to USD 15.45 billion in 2022 from an estimated value of 7.50 billion in 2016.
The power line communication (PLC) technology subsegment, within the wired technology segment, led the utility communication market in 2016, and is projected to dominate the market during the forecast period. The segment...