Offshore Support Vessel Market Size to Grow $36.3 Billion by 2029
The global Offshore Support Vessel Market in terms of revenue was estimated to be worth $25.6 billion in 2024 and is poised to reach $36.3 billion by 2029, growing at a CAGR of 7.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global Offshore Support Vessel Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the...
Green Ammonia Market May Reach to $6.2 Billion by 2030 at CAGR of 66.0%
The global Green Ammonia Market in terms of revenue was estimated to be worth $0.3 billion in 2024 and is poised to reach $6.2 billion by 2030, growing at a CAGR of 66.0% from 2024 to 2030 according to a new report by MarketsandMarkets™.
Green ammonia may be produced using renewable energy sources such as wind and solar power. This integration promotes the use of excess renewable energy, which...
Smart Grid Market Size to Grow $185.0 Billion by 2029
The global Smart Grid Market in terms of revenue was estimated to be worth $71.8 billion in 2024 and is poised to reach $185.0 billion by 2029, growing at a CAGR of 20.8% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The demand for smart grid is on the rise due to various factors. Expansion in industries like manufacturing, automotive, and construction contributes to increased...
Railway Cybersecurity Market Size worth USD 10.6 billion by 2027, at a CAGR of 9.4%
The Railway Cybersecurity Market is estimated to be USD 6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% during the forecast period, to reach USD 10.6 billion by 2027.
Various countries have realized that the development of railway infrastructure is one of the important factors driving economic development. Therefore, a number of countries and OEMs are investing significantly in railway...
Bifacial Solar Market worth $37.6 Billion by 2029
The global Bifacial Solar Market in terms of revenue was estimated to be worth $18.5 billion in 2024 and is poised to reach $37.6 billion by 2029, growing at a CAGR of 15.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global Bifacial Solar Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as government...
Synchronous Condenser Market Analysis, Share, Growth, Demand & Forecast 2030
The global Synchronous Condenser Market is estimated to grow from USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6% during the forecast period. Synchronous condensers ensure a stable supply to the transmission grid. They can also supply and absorb reactive power and deliver voltage support and dynamic regulation. In addition, many renewable resources are remotely...
Green Ammonia: The Next Big Thing in Renewable Energy
Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by generating energy from solar/wind/hydropower, which is then fed into an electrolyzer. It extracts hydrogen from water, while nitrogen is removed from the air using an air separation unit. In this process, hydrogen and nitrogen react at high temperatures and pressures to produce ammonia. Rising investment...
Power Transformer Market worth $37.7 Billion by 2029
The global Power Transformer Market is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market stands...
Air Insulated Switchgear Market worth $85.9 Billion by 2029
The global Air Insulated Switchgear Marketis expected to grow from an estimated USD 67.3 billion in 2024 to USD 85.9 billion by 2029, at a CAGR of 5.0% during the forecast period according to a new report by MarketsandMarkets™.
The air insulated switchgear market is poised for substantial growth during this period, primarily due to the development of power distribution infrastructure in...
Synthetic Natural Gas Market worth $68.4 Billion by 2029
The global Synthetic Natural Gas Market in terms of revenue was estimated to be worth $23.9 billion in 2024 and is poised to reach $68.4 billion by 2029, growing at a CAGR of 23.4% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global Synthetic Natural Gas Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market...