Digital Utility Market to Cross $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...
Geospatial Solutions Market expected to Grow $502.6 Billion by 2024
The global Geospatial
Solutions Market is projected to reach $502.6 billion by 2024 from an
estimated $239.1 billion in 2019, at a CAGR of 13.2% during 2019-2024. This
growth can be attributed to factors such as integration of geospatial
technology into mainstream technologies, advancements in geospatial solutions
with the introduction of artificial intelligence and Big Data analytics,
increasing...
Laminated Busbar Market Size to Reach $1,183 Million by 2025
The global laminated busbar market is projected to grow at a CAGR of 6.6% from 2020 to
2025, to reach a market size of USD 1,183 million by 2025 from USD 861 million
in 2020. Cost-efficiency and operational benefits of laminated busbars, demand
for safe and secure electrical distribution systems, and focus on renewable
energy are expected to drive the laminated busbar market during the forecast
period.
The...
Well Casing & Cementing Market Size to Reach $11.7 Billion by 2024
The global Well
Casing & Cementing Market is projected to reach USD 11.7 billion by
2024 from an estimated USD 9.2 billion in 2019, at a CAGR of 5.0% during the
forecast period. Increasing drilling activities along with shale developments
in North America, Asia Pacific, and some parts of South & Central America
are the driving factors for the well casing & cementing market, globally.
The...
Distributed Generation Market to exceed $103.38 Billion by 2022
The global distributed
generation market is expected to grow from an estimated USD 60.04 Billion
in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be
attributed to the increased global demand for electricity, decreasing costs of
solar technology, and rising efforts to reduce global greenhouse gas emissions.
The growing demands for electric power accompanied with regulatory...
Battery Monitoring System Market to Cross $5.47 Billion by 2022
The global battery monitoring system market is projected to grow at a CAGR of 18.23%, to reach a
market size of USD 5.47 Billion by 2022, from an estimated USD 2.37 Billion in
2017. North America is estimated to be the largest market for battery
monitoring systems, followed by Asia Pacific and Europe. The growth of the
battery monitoring system market is mainly driven by a booming demand for
global...
Intelligent Completion Market Likely to Boost Future Growth by 2023
The global Intelligent
Completion Market is expected to grow from an estimated USD 1.61 billion in
2018 to USD 2.16 billion by 2023, at a CAGR of 6.05%, from 2018 to 2023. The
market in Europe is estimated to be the largest for intelligent completion
followed by the North American market in 2017. This trend is expected to
continue till 2023. The growth of the intelligent completion market is driven
by...
Advanced Energy Storage Systems Market Size to Grow $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...
Gas Engines Market Booming Worldwide with Caterpillar, Wärtsilä, Man SE, Cummins, and Rolls-Royce.
The global gas engines market size is projected to reach USD 5.3 billion by 2024, from an estimated USD 4.0 billion in 2019, at a CAGR of 5.7% during the forecast period. The increasing demand for clean and renewable power generation and implementation of stricter emission regulations across the globe are major drivers for the gas engines market.
The gas engines market is dominated by a few major
players...
Gas-insulated Switchgear Market is Booming Worldwide with ABB, Schneider Electric, Siemens, Eaton, and General Electric.
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...