Advanced Energy Storage Systems Market to Surpass $19.04 Billion by 2022
The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0
billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4%
during 2017 to 2022. The growth of the advanced energy storage systems
market is attributed to increasing renewable energy investments and growth in
the electric vehicles market globally and regulatory changes demanding energy
efficiency.
The...
Smart Meters Market expected to Grow $30.2 Billion by 2026
The global smart
meters market is projected to reach USD 30.2 billion by 2026 from USD 19.6
billion in 2021, at a CAGR of 9.0% during the forecast period. Smart Meters is
increasingly being installed and is showing robust growth. The increase in the
adoption of electric vehicles, development of microgrids, distributed energy
storage, and the need for net-metering are a few of the major drivers for...
Energy Efficient Motor Market Size to Reach $41.6 Billion by 2023
The global energy-efficient
motor market is projected to reach USD 41.6 billion by 2023 from USD 30.3
billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major factors
driving the growth of the energy-efficient motor market are energy savings and
the subsequent cost over traditional motors, increasing governmental support
worldwide towards the adoption of energy-efficient motors, rising...
Synchronous Condenser Market Projected to Reach $574.0 Million by 2025
The global Synchronous
Condenser Market is expected to grow from an estimated USD 508.4 million in
2020 to USD 574.0 million by 2025, at a CAGR of 2.5% during the forecast period.
Long service life, growth of the renewable energy sector, and an increasing
need for power factor correction are driving the growth of the global industry.
Existing and planned upgrades and expansion of High-Voltage Direct...
Digital Utility Market to exceed $244.31 Billion by 2022
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...
Energy as a Service Market to See Revolutionary Growth by 2024
The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from
an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The
growth of energy as a service market is driven by the new revenue generating
streams for utilities, increased distributed energy resources, decreasing cost
of renewable power generation and storage solutions, and availability of
federal...
Rolling Stock Market Insights, Forecast to 2027
The global Rolling Stock Market is estimated to be $53.8 billion in 2022 and is projected to reach $64.8 billion by 2027, growing at a CAGR of 3.8% from 2022 to 2027.
The growth of the rolling stock market can be attributed to the factors such as increasing urbanization, increasing traffic congestion, rising demand for comfortable journeys and growing preference for shorter journey times. Moreover,...
Shore Power Market Size to Reach $2.8 Billion by 2027
According to the new market research report
“Shore
Power Market by Installation (Shoreside, Shipside), Connection (New
Installation, Retrofit), Component (Transformers, Frequency Converters, and
More), Power Output (Up to 30 MVA, 30 to 60 MVA, Above 60 MVA) and Region –
Global Forecast to 2027″, published by MarketsandMarkets™, the Shore
Power Market size will grow to USD 2.8 billion...
Green Ammonia Market to Surge at 90.2% CAGR till 2030
The global Green
Ammonia Market size is projected to grow from USD 16 million in 2021 to
reach USD 5,415 million by 2030, at a CAGR of 90.2% during the forecast period.
Green hydrogen projects are increasing as many countries are focusing on
investing in the development of a hydrogen-based economy. Investments in
hydrogen infrastructure will subsequently bring opportunities for green ammonia
production...
Power Rental Market expected to Grow $12.8 Billion by 2027
According to the new market research report
“Power
Rental Market by Fuel Type (Diesel, Natural Gas), Equipment
(Generators, Transformers, Load Banks), Power Rating (Up to 50 kW, 51–500 kW,
501-2500 kW, Above 2500 kW), Application, End User and Region – Global Forecast
to 2027″, published by MarketsandMarkets™, the global power rental
market is projected to reach USD 12.8 billion...