Light Management System Market is Thriving with Rising Latest Trends by 2023
The global Light
Management System Market is expected to grow from an estimated $11.66
billion in 2018 to $21.51 billion by 2023, at a CAGR of 13.03%, during the
forecast period. The increasing adoption of energy-efficient lighting
automation systems is the major driver of the lighting management system
market. The growing demand for building automation in North America and Europe
make them potential...
Power Management System Market to Surpass $5.26 Billion by 2022
The global Power
Management System Market is projected to reach USD 5.26 billion by 2022,
growing at a CAGR of 6.88% from 2017 to 2022. This market growth is primarily
driven by the increasing demand for energy efficiency in the manufacturing
sector, rising installation of renewable energy in industry, and rising
adoption of IoT and cloud-based platforms. The shale oil & gas boom in
North America...
Power Rental Market Projected to Hit $11.7 Billion by 2025
The global Power Rental Market size is projected to reach USD 11.7 billion
by 2025 from an estimated value of USD 8.6 billion in 2020, at a CAGR of 6.3%.
Factors driving the growth of the demand for continuous power supply in oil
& gas and mining industries, growing need for electrification, as well as
the continuous power supply of rural areas. Aging power infrastructure and the
need...
Digital Oilfield Market Insights with statistics and Growth Prediction to 2025
The global Digital
Oilfield Market size is projected to reach USD 28.5 billion by 2025 from an
estimated value of USD 20.2 billion in 2020, at a CAGR of 7.1% from 2020 to
2025. New technological advancements in the digital oilfield, increased return
on investment in the digital oilfield, and increased need from oil & gas
operators to scale up production from mature wells are the key factors driving
the...
Utility Communication Market to be $23.2 Billion by 2026
According to the new market research report
“Utility Communication Market by
Technology Type(Wired and Wireless), Utility Type, Component(Hardware and
Software), Application (Oil & Gas Network, T&D), End User (Residential,
Commercial, and Industrial) and Region- Global Forecast to 2026″, published by
MarketsandMarkets™, the Utility Communication Market size is expected...
Heat Pump Market to Grow CAGR of 11.68% to Reach $94.42 Billion by 2023
The
global Heat Pump Market is projected to
reach a market size of USD 94.42 billion by 2023 from an estimated USD 54.34
billion in 2018, growing at a CAGR of 11.68% during the forecast period. In
2018, the market in Asia Pacific is estimated to be the largest for heat pumps,
followed by Europe. This trend is expected to continue until 2023. The heat
pump market is set to witness growth because of...
Artificial Lift Market to Witness Remarkable Growth by 2025
The
global Artificial
Lift Market is projected to reach USD 10.3 billion by 2025 from an
estimated USD 8.0 billion in 2020, at a CAGR of 5.0% during the forecast
period. Stabilized oil prices have revitalized the exploration & production
expenditures globally. This has led to increased investments in the enhancement
of productivity of oil & gas wells. Furthermore, the global artificial
market...
Energy as a Service Market is Rapidly Growing Worldwide with Strong Growth Rate 10.8% 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...
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...
Power Supply Market Value to Reach $34.92 Billion by 2023
According to the new market research report “Power Supply Market by Output Power, Product Type, Vertical (Lighting, Consumer Electronics, Telecommunications, Transportation, Food & Beverages, Medical & Healthcare, Military & Aerospace, Industrial), and Geography – Global Forecast to 2023″, published by MarketsandMarkets™, the power supply market is estimated to grow...