Offshore Wind Market to Witness Massive Growth by 2026
The global Offshore
Wind Market is expected to grow from an estimated USD 31.8 billion in 2021
to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. Offshore
wind is a crucial pillar in energy mix together with onshore wind for regions
such as Europe, Asia Pacific, and North America to achieve their goals
pertaining to climate neutrality. Offshore wind turbines are increasingly...
Electrical Digital Twin Market to Hit $1.3 Billion by 2026
According to the new market research report
“Electrical
Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind
Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment
Type (Cloud, On-Premises), End User, Application, and Geography – Global
Forecast to 2026″, published by MarketsandMarkets™, The Electrical
Digital Twin Market size will grow to
USD...
Electrical Digital Twin Market to Reach $1.3 Billion by 2026
According to the new market research report
“Electrical
Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind
Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment
Type (Cloud, On-Premises), End User, Application, and Geography – Global
Forecast to 2026″, published by MarketsandMarkets™, The Electrical
Digital Twin Market size will grow to
USD...
Gear Motors Market May Set New Growth Story – Future Demands & Emerging Trends
Global Gear Motors Market Overview:
The increasing demand for power transmission equipment in industries, growing concerns regarding efficient power transmission, and increasing infrastructural development in developing regions are driving the global market for gear motors. Factors driving the gear motors market include increasing wind power installations, the minimal cost and compact nature...
Small Modular Reactor Market Size to Grow $11.3 Billion by 2026 – Emerging Trends and Opportunities Analysis
According to the new market research report “Small Modular Reactor Market by Reactor (HWR, LWR, HTR, FNR, MSR), Deployment (Single, Multi), Connectivity (Grid, Off-grid), Location (Land, Marine), Application (Power Generation, Desalination, Process Heat), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the Small Modular Reactor Market is projected to...
Offshore Wind Market will surge to $56.8 Billion by 2026
According to the new market research report
“Offshore
Wind Market by Component (Turbines (Nacelle, Rotors & Blades, Tower),
Substructure, Electrical Infrastructure), Location (Shallow Water, Transitional
Water, & Deepwater) and Region (North America, Asia Pacific, & Europe)
– Global forecast to 2026“, published by
MarketsandMarkets™, the global offshore wind market...
At CAGR of 27.1%, Renewable Drones Market to Hit $148 Million by 2025
The global Renewable Drones Market is projected to reach a size of USD 148 million by 2025, at a CAGR of 27.1%, from an estimated USD 45 million in 2020. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors for the renewable drones market, globally. Technological developments software for drone data analytics, and rapid development of...
Industrial Gearbox Market expected to reach $31.90 Billion by 2023
The global Industrial
Gearbox Market is expected to grow from an estimated $25.91 billion in 2018
to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy
gearbox and clean energy sources are driving the growth of the industrial
gearbox market. The increasing automation in manufacturing technology is
facilitating the growth of the industrial...
Renewable Drones Market to Grow $148 Million by 2025
The global Renewable
Drones Market size will grow to USD 148 million by 2025 (forecast year)
from USD 45 million in 2020 (estimated year), at a CAGR of 27.1% during 2020-2025.
The rising adoption of drones for reducing inspection, increasing focus on
asset optimization are the driving factors for the Renewable Drones Market,
globally. Increasing adoption of drones for reducing cost of inspection
operation...
Offshore Wind Market to grow with a high CAGR of 15.32% by 2022
The offshore wind market is expected to grow from an estimated USD 27,019.1 million in 2017 to USD 55,109.6 million by 2022, at a CAGR of 15.32% from 2017 to 2022.
The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020. The market in Europe was estimated to be the largest market for offshore...