AC Electric Motor Sales in Oil & Gas Market: Comprehensive Insights and Scope 2018 to 2023.
The global AC electric motor sales in oil & gas market is projected to reach USD 13.2 billion by 2023, at a CAGR of 4.62% from 2018 to 2023. The study involved 4 major activities in estimating the current size for the AC electric motor sales in oil & gas market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these...
Hydrogen Generation Market Projected to reach $199.1 billion by 2023 | Key players include Air Liquide, Air Products and Chemicals, Iwatani, Hydrogenics, Linde, Praxair, Messer Group, Showa Denko etc.
The global hydrogen generation market is projected to reach USD 199.1 billion by 2023 from an estimated USD 135.5 billion in 2018, at a CAGR of 8.0%. The growth of the hydrogen generation market is driven by the growing need to decarbonize the energy end-use, rising demand for fuel cells in the transportation sector, and stringent regulations to regulate the sulfur content in fossil fuel generation.
The...
Solid Oxide Fuel Cell Market Driven by Increasing Demand for Efficient Power Generation are the Major Drivers That Would Trigger the Growth in the Market
The solid oxide fuel cell market is expected to grow at a CAGR of 13.88% from 2017 to 2025, to reach a market size of USD 1,140.6 million by 2025. Government subsidies and fuel cell programs, increasing demand for efficient power generation, and stringent emission norms in the US and Europe are the major factors driving the growth of solid oxide fuel cell market.
The solid oxide fuel cell market is...
Gas Engine Market to Witness a Massive Growth by 2022
The Gas Engine Market is expected to grow from an estimated USD 3.54 Billion in 2017 to USD 4.76 Billion by 2022, at a CAGR of 6.12%, from 2017 to 2022. Europe is estimated to be the largest gas engine market, by region, followed by North America. This trend is expected to continue during the forecast period. The growth of the gas engine market is driven globally by the rising demand for power generation...
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...
Demand for Uninterrupted and Reliable Power Supply to Boost the Growth of Generator Sales Market in the Coming Years
Generators, being used in countless industrial and commercial establishments to supply power for critical applications, have been witnessing a significant increase in demand for uninterrupted and reliable power supply. This in turn, has resulted in increased sales of generators. They are used for small loads, such as homes, as well as for larger loads like industrial plants, hospitals, and commercial...