Power Factor Correction Market Set to Reach $3.3 billion by 2030
The power factor correction market is booming! Projections show it reaching a substantial USD 3.3 billion by 2030, a significant jump from USD 2.4 billion in 2024. This represents a compound annual growth rate (CAGR) of 5.5%, indicating strong and steady expansion.
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What’s Driving This Growth?
Several...
Energy as a Service Market Size, Share, Trends & Analysis Report, 2030
The global Energy as a Service Market is anticipated to grow from estimated USD 51.88 billion in 2024 to USD 100.34 billion by 2030, at a CAGR of 11.6% during the forecast period. Major forces driving the Energy as a Service Market include the increased need for energy efficiency, surging energy prices, and global trends toward carbon neutrality and sustainability. Business houses are adopting...
AI’s Transformation of the U.S. Social Media Market: Innovations, Challenges, and Regulatory Shifts in 2025
The integration of Artificial Intelligence (AI) in the social media market in the U.S. is transforming how platforms operate and engage with users. AI technologies are employed to enhance user experiences through personalized content recommendations, which analyze user behavior and preferences to deliver tailored feeds. This personalization boosts user satisfaction and increases engagement...
Nuclear Power Market Share Expected to Reach $44.71 billion by 2029
The global Nuclear Power Market Share is expected to grow from estimated USD 38.84 billion in 2024 to USD 44.71 billion by 2029, at a CAGR of 2.9% during the forecast period. The major factors driving the market growth of the nuclear power market include various driving factors such as many governments view nuclear power as a strategic constituent of their energy policy, and provide subsidies,...
Electrolyzers Market Share Expected to Reach $78.01 billion by 2030
The global Electrolyzers Market Share is expected to grow from estimated USD 3.75 billion in 2024 to USD 78.01 billion by 2030, at a CAGR of 65.9% during the forecast period. This growth mainly comes in response to supportive government initiatives that encourage renewable energy technologies as well as advancements in the electrolysis process. Electrolyzers play a crucial role in the production...
Power Quality Equipment Market Size to Grow $52.47 billion by 2030
The Power Quality Equipment Market is anticipated to grow from an estimated USD 38.19 billion in 2025 to USD 52.47 billion by 2030, at a compound annual growth rate (CAGR) of 6.6% during the forecast period. The growth of the market is mainly fueled by the increasing use of sensitive electronic equipment in industrial, commercial, and residential applications, which requires better power quality solutions...
Hydrogen Truck Market Size, Share & Industry Forecast 2035
The global hydrogen truck market is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%.
Hydrogen Truck market is growing due to expansion in hydrogen refuelling infrastructure and advancements in fuel cell technology, R&D in liquid hydrogen technology, along with rising consumer interest in zero-emission vehicles. Also, the shift towards hydrogen...
Pressure Switch Market Size to Grow $3.51 billion by 2030
The report Pressure Switch Market is highly gaining growth, estimated to be at USD 2.80 billion in the year 2025, it may reach USD 3.51 billion during 2030 with a robust CAGR of about 4.6% over the projected period. The prospects of the worldwide pressure switch market in the future are extremely optimistic, boosted by technological progress in automation, a growing need for energy-saving systems,...
Distribution Automation Industry Report 2025: Market Growth Due to Rising Demand of Electricity
The global distribution automation industry is estimated to be valued at USD 19.3 billion in 2024 and is projected to reach USD 36.5 billion by 2029, growing at a CAGR of 13.6% for the forecast period of (2024-2029). The presence of several significant players in the market, modernization of aging grid, and the increase in the need for electricity globally are driving the growth of the Electricity...
Global Engines & Gensets Industry Outlook
The global Engines and Gensets Outlook is expected to grow from estimated USD 401.95 billion in 2024 to USD 417.31 billion by 2025, at a YoY increase of 3.8%. The engines and gensets outlook highlights that both industries are experiencing significant growth driven by the rising demand for fuel-efficient, low-emission engines and reliable power solutions. Engine, which convert fuel into mechanical...