Hydrogen IC Engines Market to Generate $327 Million Revenue by 2035
The global Hydrogen IC Engines Market in terms of revenue was estimated to be worth $12 million in 2024 and is poised to reach $327 million by 2035, growing at a CAGR of 34.7% from 2024 to 2035 according to a new report by MarketsandMarkets™.
The global Hydrogen IC Engines Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such...
Global Energy Perspective 2024: High Voltage Power Transformer Outlook
The global High Voltage Power Transformer Market in terms of revenue was estimated to be worth $9.1 billion in 2024 and is poised to reach $12.3 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029 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....
With 16.9% CAGR, Smart Grid Market Growth to Surpass $161.5 Billion
The global Smart Grid Market in terms of revenue was estimated to be worth $73.8 billion in 2024 and is poised to reach $161.1 billion by 2029, growing at a CAGR of 16.9% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global demand for smart grid is increasing due to strong focus on modernization of aging grid infrastructure. Factors such as rapid industrialization,...
Air Starter Market Size to Grow $559 Million by 2029
The global Air Starter Market in terms of revenue was estimated to be worth $449 million in 2024 and is poised to reach $559 million by 2029, growing at a CAGR of 4.5% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The demand for air starters is on the rise globally, driven by a multitude of factors. Ongoing advancements in air starter technology, such as the use of enhanced...
With 5.7% CAGR, Protective Relay Market to Reach $3.9 Billion by 2030
The global Protective Relay Market in terms of revenue was estimated to be worth $2.8 billion in 2024 and is poised to reach $3.9 billion by 2030, growing at a CAGR of 5.7% during the forecast period according to a new report by MarketsandMarkets™.
The driving factors for the protective relay market include the growing demand for electricity, the increasing use of renewable energy sources,...
Downhole Tools Market will surge to $7.8 Billion by 2029
The global Downhole Tools Market in terms of revenue was estimated to be worth $6.1 billion in 2024 and is poised to reach $7.8 billion by 2029, growing at a CAGR of 4.8% from 2024 to 2029 according to a new report by MarketsandMarkets™.
Downhole tools are essential because they are used in safe, efficient, and productive extraction of oil and gas from underground reservoirs. Downhole tools...
Climate Adaptation Market to Reach $40.4 Billion by 2030, Growing at 9.7% CAGR
The global Climate Adaptation Market in terms of revenue was estimated to be worth $23.2 billion in 2024 and is poised to reach $40.4 billion by 2030, growing at a CAGR of 9.7% from 2024 to 2030 according to a new report by MarketsandMarkets™.
The climate adaptation market is experiencing robust growth due to several new drivers. Firstly, advancements in climate modeling and data analytics...
District Cooling Market Will Hit Big Revenues in Future
The global District Cooling Market in terms of revenue was estimated to be worth $1.1 billion in 2024 and is poised to reach $1.3 billion by 2029, growing at a CAGR of 3.6% from 2024 to 2029 according to a new report by MarketsandMarkets™.
Commercial, Industrial, and Residential are the major applications of district cooling. The District Cooling Market is majorly concentrated in Middle East...
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...