Global Switchgear Market Leads with Comprehensive Gross Margin by 2022: Leading Companies ABB Ltd., General Electric Company, Siemens AG, EATON CORPORATION plc, Hitachi Ltd., Schneider Electric SE, Mitsubishi Electric Corporation
The report” Switchgear Market by Voltage (< 1 KV, 1–36 KV, 36–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) – Global Forecast to 2022”
The switchgear market is expected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD...
Surge Arrester Market Set for Rapid Growth to Reach $2.01 Billion by 2023
The surge arrester market is expected to grow from an estimated USD 1.56 Billion in 2018 to USD 2.01 Billion by 2023, at a CAGR of 5.11%, during the forecast period. Investments in smart grids and energy systems, protection of equipment from failure caused by frequent voltage spikes, and aging power infrastructure are some of the factors driving the growth of surge arrester market. The market has been...
Lighting Contactor Market – Global Trends & Forecast to 2023
The global lighting contactor market is expected to grow from an estimated USD 737.8 million in 2018 to reach USD 1,111.0 million by 2023, growing at a CAGR of 8.53% from 2018 to 2023. The factors driving the market include the growing adoption of lighting control and management systems by commercial and industrial end-user segments in Asia Pacific. Also, government authorities in many countries across...
Circuit Breaker Market to Reach $8.68 Billion by 2022
Circuit breakers are vital part of power protection industry. Circuit breakers plays a significant part in electric power transmission and distribution. The global circuit breaker market is projected to reach USD 8.68 billion by 2022, from an estimated USD 6.85 billion in 2017, growing at a CAGR of 4.85%, from 2017 to 2022. The market in Asia Pacific was the largest in 2016 and is projected to hold...
Virtual Power Plant (VPP) Market Expected to Boost the Global Industry Growth in the Near Future
The virtual power plant market is expected to grow at a CAGR of 29.68% from 2016 to 2021, to reach a market size of USD 709.2 million by 2021. Major drivers of the virtual power plant include growth in smart grid, increasing share of renewable energy in the power generation mix and lowering costs for solar and energy storage.
To know more Insightful information, click here to Download PDF Brochure...
Utility Drones Market Growing at a CAGR of 37.34% from 2018 to 2023
The Utility Drones Market is expected to grow from an estimated USD 110.2 million in 2018 to USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Drones that are mainly used for utilities inspection, survey, and asset management are called utility drones. Growing demand for minimizing outages related to transmission and distribution infrastructure, cost efficiency, and reachability in...
Blockchain in Energy Market Growing at a CAGR of 78.32% from 2018 to 2023
Blockchain is revolutionizing almost every other industry. It is basically a database of transactions which is distributed among multiple computers. It is now gradually moving beyond financial services and cryptocurrencies, and is being touted as the next big thing in the energy sector. The blockchain applications are expected to decentralize the energy industry, reduce peer-to-peer transaction costs,...
Breaking Down the $19.98B Market for Smart Meters and Analysis Through 2022
The smart meters market is expected to grow from an estimated USD 12.79 Billion in 2017 to USD 19.98 Billion by 2022, registering a CAGR of 9.34% from 2017 to 2022. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as government policies & mandates in developed economies and accurate billing & improved customer...
Arctic Discoveries Will Create an Opportunity for Global Offshore ROV Industry to Grow
The global offshore ROV market is estimated to be USD 802.9 million in 2018 and is projected to reach USD 943.1 million by 2023, growing at a CAGR of 3.27% from 2018 to 2023. Offshore oil and gas discoveries in prominent countries and rise in demand for oil and gas are driving the offshore ROV market globally.
The Middle East & Africa is expected to dominate the offshore ROV market during the forecast...
High demand for energy efficiency expected to boost the sales of power management systems over the next few years
Power management system controls the electrical system and electrical switchgear, thus ensuring that the electrical system is safe and efficient by preventing blackouts and other disturbances. The demand for power management systems is on a rise, since it is increasingly being used in businesses and residencies for monitoring and decreasing energy consumption due to its efficiency and low production...