Pressure Vessel Market expected to Grow $53.3 Billion by 2025
The global pressure vessel market is projected to reach USD 53.3 billion by 2025 from an estimated USD 42.7 billion in 2020, at a CAGR of 4.5% during the forecast period. The growing adoption of supercritical and ultra-super critical power generation technology and the rise in the construction of refineries and chemical plants in the Asia Pacific and Middle East regions are expected to drive the market....
Digital Oilfield Market Size to Hit $32.0 Billion by 2026
According to the new market research report “Digital Oilfield Market by Solution (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations, Safety Management), Application (Onshore and Offshore), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global digital oilfield market size is expected...
At CAGR of 29.68%, Virtual Power Plant Market to exceed $709.2 Million by 2021
The global virtual
power plant market is expected to grow from USD 193.4 million in 2016 to
USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021. North America
is estimated to be the largest market for virtual power plants, followed by
Europe in 2016. This trend is expected to continue till 2021. The growth of the
virtual power plant market is driven by increasing share of renewable energy...
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...
Industrial Power Supply Market expected to Grow $9.7 Billion by 2026
According to the new market research report
“Industrial Power Supply Market By Type (AC-DC and DC-DC Converter),
Output Power (Very Low Output(up to 500W), Low Output(500-1,000W) Medium
Output(1,000W–10kW), High Output(10-75kW), Very High Output(75-150kW),
Vertical, Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Industrial
Power Supply Market size...
Transformer Oil Market to Grow $3.3 Billion by 2030 | Nynas AB, Ergon, Inc., PetroChina Company Limited, APAR Industries, and Sinopec Lubricant Company.
According to the new market research report
“Transformer Oil Market by Oil Type (Mineral (Naphthenic,
Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear,
Reactor), End User (Transmission & Distribution, Power Generation, Railways
& Metros), and Region – Global Forecast to 2030 “, published by MarketsandMarkets™, the global Transformer
Oil Market size...
Smart Electric Meter Market expected to Grow $11.33 Billion by 2023
The global Smart
Electric Meter Market is projected to grow from an estimated USD 9.27
Billion in 2018 to USD 11.33 Billion by 2023, at a CAGR of 4.11%, from 2018 to
2023. The market in Asia Pacific is estimated to be the largest market for
smart electric meters, followed by the North American and the European market
in 2018. This trend is expected to continue until 2023. The growth can be
attributed...
Gas Turbines Market to exceed $20.66 Billion by 2022
The global Gas
Turbines Market is expected to grow from an estimated $17.51 billion in
2017 to $20.66 billion by 2022, at a CAGR of 3.36%, from 2017 to 2022. The
shale gas boom in North America and decommissioning of nuclear plants in Europe
are likely to boost the demand for gas turbines in these regions. The demand
for gas turbines in the Middle East & Africa, Latin America, and Asia
Pacific...
At CAGR of 9.7%, Switchgear Monitoring System Market to Reach $2.1 Billion by 2025
The global Switchgear
Monitoring System Market size is expected to grow from an estimated USD 1.3
billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 9.7%, during 2020-2025.
A few of the major advantages offered by switchgear monitoring systems are
avoiding unplanned outages, reducing repair costs through improved failure
detection, improving switchgear availability, and a more efficient,
cost-effective,...
Sequence of Events Recorder Market Size to Reach $31 Million by 2026
According to the new market research report
“Sequence of Events Recorder Market by Mount type (Rack mounted, Rail
mounted), End user (Data Center, Power Generation, Manufacturing, Others (Hospitals,
Laboratories, Petrochemicals, and Pharmaceutical industries)), Region- Global
Forecast to 2026″, published
by MarketsandMarkets™, the Sequence of Events Recorder Market size will grow
to ...