Distribution Automation Industry Report 2025: Market Growth Due to Rising Demand of Electricity
The global distribution automation industry is estimated to be valued at USD 19.3 billion in 2024 and is projected to reach USD 36.5 billion by 2029, growing at a CAGR of 13.6% for the forecast period of (2024-2029). The presence of several significant players in the market, modernization of aging grid, and the increase in the need for electricity globally are driving the growth of the Electricity...
Global Engines & Gensets Industry Outlook
The global Engines and Gensets Outlook is expected to grow from estimated USD 401.95 billion in 2024 to USD 417.31 billion by 2025, at a YoY increase of 3.8%. The engines and gensets outlook highlights that both industries are experiencing significant growth driven by the rising demand for fuel-efficient, low-emission engines and reliable power solutions. Engine, which convert fuel into mechanical...
Solid Oxide Fuel Cells: Powering the Future with Clean Energy
The global energy landscape is undergoing a significant transformation, with a pronounced shift towards sustainable and efficient power generation solutions. At the forefront of this evolution is the Solid Oxide Fuel Cell (SOFC) technology, renowned for its high efficiency and eco-friendly attributes. Projections indicate that the Solid Oxide Fuel Cell Market is poised to expand from USD 1.4 billion...
Residential Energy Storage Market Showing Impressive Growth during Forecast Period 2024 – 2030
The residential energy storage market is expected to grow from an estimated in USD 2.67 billion in 2024 to USD 4.30 billion by 2030, at a CAGR of 8.2% during the forecast period. With growing popularity of solar photovoltaic (PV) systems for residential consumption, the necessity to solve the energy storage problem has emerged. After all, the generation of solar energy is time dependent and varies...
EV Battery Recycling Market Size worth USD 23.72 billion by 2035, at a CAGR of 40.9%
The global EV battery recycling market, by value, is estimated to be USD 0.54 Billion in 2024 and is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% from 2024 to 2035.
The EV battery recycling market is driven by the dual objectives of reducing environmental impact and addressing resource scarcity, particularly for lithium, cobalt, and nickel. Recycled materials are often...
Smart Water Meters Market Size to Grow $9.04 billion by 2030
The global Smart Water Meters Market is anticipated to grow from estimated USD 4.61 billion in 2024 to USD 9.04 billion by 2030, at a CAGR of 11.9% during the forecast period. The rising urban population is creating opportunities for the development of smart cities, which ultimately is driving the demand for smart water metering infrastructure development on a larger scale. The increasing...
The Expanding Network: Hydrogen Fueling Stations on the Rise
The market for hydrogen fueling station is expected to grow from an estimated in USD 0.5 billion in 2024 to USD 1.8 billion by 2030, at a CAGR of 23.8% during the forecast period.
Hydrogen fueling stations are a critical infrastructure for the development of the hydrogen economy. They provide a convenient and safe way for drivers of hydrogen-powered vehicles to refuel their cars. The growth...
Continuous Thermal Monitoring Market to Attain US$1.49 Billion Showing a 6.8% CAGR Forecast By 2024-2030
The Continuous Thermal Monitoring Market is projected to reach USD 1.49 billion by 2030 from an estimated USD 1.00 billion in 2024, at a CAGR of 6.8% during the forecast period (2024–2030).
The market is growing due to predictive maintenance and equipment reliability within industry trends worldwide. With relatively emerging thermal sensors and infrared cameras, coupled with analytics powered...
The Future of Clean Energy: Small Modular Reactors (SMRs) Poised for Significant Growth
The small modular reactor (SMR) market is experiencing a transformative period, with promising developments that could reshape the global energy landscape. By 2030, the SMR market is projected to expand from USD 6.00 billion in 2024 to USD 7.14 billion, representing a steady 3.0% compound annual growth.
Key Market Players
China National Nuclear Corporation (China),
State Atomic Energy Corporation...