Wave Energy Converter Market worth $28 Million by 2030
The
global Wave Energy Converter Market is projected to grow from USD 20 million in 2022 to USD 28 million
by 2030, at a CAGR of 4.3% according to a new report by MarketsandMarkets™. The Wave Energy Converter Market has promising growth potential
due to the rising global energy demand, increasing demand to maximize the
energy production from renewable and green energy sources.
The
oscillating...
Gas Insulated Switchgear Market worth $31.3 Billion by 2027
The
global Gas Insulated Switchgear Market is projected to grow from USD 23.1 billion in 2022 to USD 31.3 billion
by 2027, at a CAGR of 6.3% according to a new report by MarketsandMarkets™. The Gas Insulated Switchgear Market is expected to witness
significant growth during the forecast period, owing to the power distribution
infrastructure, which is expected to strengthen in the upcoming years...
Energy as a Service Market worth $105.6 Billion by 2027
The
global Energy as a Service Market is projected to grow from USD 64.7 billion in 2022 to USD 105.6 billion
by 2027, at a CAGR of 10.3% according to a new report by MarketsandMarkets™. Increasing distributed energy resources, new revenue generation
streams for utilities, availability of federal and state tax benefits for
energy-efficiency projects and decreasing cost of renewable power generation
and...
Artificial Lift Market worth $8.7 Billion by 2027
The
global Artificial Lift Market is projected to grow from USD 6.9 billion in 2022 to USD 8.7 billion
by 2027, at a CAGR of 4.8% according to a new report by MarketsandMarkets™. The market has promising growth potential due to the rising global
oil demand and the increasing demand to maximize production from maturing oil
& gas fields and new discoveries, especially in the North American region.
The...
Gas Turbine Market Expected to Reach $22.5 Billion by 2026
The global Gas Turbine Marketis expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines.
Power generation segment is expected to lead the gas turbine market
The...
Hydraulic Workover Unit Market Expected to Grow $11.0 Billion by 2025
The global Hydraulic Workover Unit Market size
will grow to USD 11.0 billion by 2025 from USD 8.1 billion in 2020, at a CAGR
of 6.3% during the forecast period. The rising number of mature fields in
Europe and the Middle East, along with rising primary energy demand from the
Asia Pacific, are the driving factors for the Hydraulic Workover Unit Market
globally. The hydraulic workover unit activities...
DC Power Supplies Market Expected to Grow $454 Million by 2024
The global DC
power supplies market size is projected to reach USD 454 million by 2024
from an estimated value of USD 361 million in 2019, at a CAGR of 4.7% during
the forecast period. The growing wireless communication & infrastructure
and aerospace & defense segment in the countries such as US & Canada
and growing demand for industrial automation and consumer electronics sector in
countries...
Pump Jack Market to exceed $3.63 Billion by 2022
The global pump
jack market is expected to grow from an estimated $2.86 billion in 2017 to
$3.63 billion by 2022, at a CAGR of 4.88% from 2017 to 2022. The market in
North America is estimated to be the largest market for pump jack, followed by
the market in Asia-Pacific. The North American market is also projected to be
the fastest growing market during the forecast period.
Increasing onshore...
Industrial Gearbox Market Expected to Grow $31.90 Billion by 2023
The global Industrial Gearbox Market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. The increasing automation in manufacturing technology is facilitating the growth of the...