Power Distribution Unit Market Expected to Reach $5.2 Billion by 2024
The
Power Distribution Unit Market is projected to reach USD 5.2 billion by 2024 from an
estimated USD 3.7 billion in 2019, at a CAGR of 7.1% during the forecast
period. The rising concerns overpower stability for uninterrupted business
operations; rising power distribution unit installations for reducing energy
losses, and the increasing number of data centers are driving the power
distribution unit...
Gas-insulated Switchgear Market Size to Reach $26.5 Billion by 2025
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 factors driving market growth are
the growing investments in renewable energy and government initiatives to reduce
carbon emissions along with the expansion of electrical grids due to the
growing industrialization and urbanization.
A global increase in...
Energy as a Service Market Rising at 10.8% CAGR to 2024 with Major Players Schneider Electric, Engie, Siemens, Honeywell, Veolia, Enel X, and EDF Renewable Energy.
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%. This growth can be
attributed to the new revenue generation streams for utilities, increased
distributed energy resources, decreasing cost of renewable power generation and
storage solutions, and availability of federal and state tax benefits for
energy...
Artificial Lift Market to Hit $10.3 Billion 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. Continuous shale
development and the growing investments in the upstream
oil and gas sector is driving the demand for Artificial Lift Market. Moreover,
the rising number of mature fields in Europe and the Middle East, along with
new...
Pipeline & Process Services Market Expected to Grow $4.0 Billion by 2024
The global pipeline
& process services market is projected to reach USD 4.0 billion by 2024
from an estimated USD 3.3 billion in 2019, at a CAGR of 4.3% during the
forecast period. Increase in demand for safe, economical, and reliable
connectivity; and high investments lined up for pipeline business are driving
the pipeline & process services market. However, problems faced by
cross-border...
Air Circuit Breaker Market Projected to Reach $3.9 Billion by 2024
The global Air
Circuit Breaker Market size is projected to reach USD 3.9 billion by 2024
from an estimated USD 3.0 billion in 2019, at a CAGR of 5.2% during the
forecast period. Asia Pacific is estimated to be the largest market for air
circuit breakers, followed closely by North America. The Middle East &
Africa market is also projected to be the fastest-growing market during the
forecast period....
DC Power Supplies Market to Witness a Steady Growth by 2024
The global DC power supplies market size is expected to reach USD 454 million by 2024
from an estimated value of USD 361 million in 2019, at a CAGR of 4.7 % during
the forecast period. The growing wireless communication & infrastructure
and aerospace & defense segment in the countries such as US & Canada
and growing demand for industrial automation and consumer electronics sector in
countries...
Pad-Mounted Switchgear Market to Reach $7.2 Billion by 2024
The global pad-mounted switchgear market is projected to reach USD 7.2 billion by 2024 from an
estimated market size of USD 5.5 billion in 2019, at a CAGR of 5.4% during the
forecast period. The factors driving the market include increasing investments
in distribution infrastructure to meet the growing electricity demand along
with investments in underground distribution due to functional and aesthetic
advantages....
Pressure Vessel Market to Reach $53.3 Billion by 2025
The global Pressure Vessel Market size 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. Increasing the construction of refinery & chemical plants and the adoption of supercritical and ultra-supercritical power generation technology is driving the growth of the market. Moreover, the installation of new pressure...
Digital Oilfield Market: Rising Demand From Oil & Gas Companies to Scale Up Production From Mature Wells
The global Digital Oilfield Market
to grow from USD 24.1 billion in 2019 to USD 30.4 billion by 2024, at a CAGR of
4.7% during 2019-2024. The digital oilfield market is driven by major factors
such as the new technological advancements, increased Return on Investment
(ROI), and the rising need to scale up production from mature wells to optimize
production. Adoption of new techniques such as IoT (Internet...