Gas-insulated Switchgear Market to Witness Revolutionary Growth by 2025
The global gas-insulated
switchgear market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable
energy and government initiatives to reduce carbon emissions is likely to drive
the market for gas-insulated switchgear market globally. Also, the expansion of
electrical grids due to the growing industrialization and urbanization...
Artificial Lift Market to Witness Huge Growth by 2025
The global Artificial
Lift Market is expected to grow from an estimated USD 8.0 billion in 2020
to USD 10.3 billion by 2025, at a CAGR of 5.0% during the forecast period.
Increasing efforts by upstream companies to enhance the production from the
mature fields is driving the artificial lift market.
Continuous shale development and the
growing investments in the upstream oil and gas sector are...
Meter Data Management System Market to See Huge Growth by 2023
The global Meter Data Management System Market is projected to reach $428 million by 2023 from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and need for accurate utility bill generation.
Europe is projected to be the second largest region, with...
Energy as a Service Market Outlook and Evolving Industry Trends
The global Energy as a Service Market is projected to grow from USD 52.0 billion in 2019 to reach USD 86.9 billion by 2024, at a CAGR of 10.8% during the forecast period. The growth of energy as a service market is driven by the new revenue generating streams for utilities, increased distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability...
Heat Pump Market to Observe Huge Growth in Near Future
The global heat
pump market is expected to grow from USD 53.2 billion in 2021 to USD 83.5
billion by 2026, at a CAGR of 9.5% during the forecast period. The factors
driving the growth for heat pump market are the Contribution of heat pump
technology to reduce carbon footprint and the Government laws and subsidies to
enhance energy efficiency.
Heat pumps extract the ambient heat from
the air and...
Energy Management Systems Market Likely to Boost Future Growth by 2027
According to the new market research report
“Energy
Management Systems Market by Component, Type (Home Energy Management
Systems, Building Energy Management Systems, Industrial Energy Management
Systems), Deployment, End-User Industry and Region – Global Forecast to 2027″,
published by MarketsandMarkets™, the global Energy Management Systems
Market size is estimated to be USD 75.0...
Electric Vehicle Market – Latest Trends & Industry Vision By 2030
The global Electric Vehicle Market size is projected to grow from 8,151 thousand units in 2022 to 39,208 thousand units by 2030, at a CAGR of 21.7%.
Factors such as growing demand for low-emission commuting and governments supporting long-range, zero-emission vehicles through subsidies & tax rebates have compelled the manufacturers to provide electric vehicles around the world. The rapidly growing...
Offshore Support Vessel Market Booming Worldwide with Strong Growth by 2026
The global Offshore Support Vessel Market is expected to grow from an estimated USD 22.0 billion in 2021 to USD 26.8 billion by 2026, at a CAGR of 4.0%, during the forecast period. The market growth is driven by robust investments in the offshore oil & gas and renewable sectors. Increasing deepwater activities and decommissioning of aging offshore infrastructure is likely to offer lucrative...
Light Management System Market to Observe Huge Growth by 2023
The global Light Management System Market is expected to grow from an estimated $11.66 billion in 2018 to $21.51 billion by 2023, at a CAGR of 13.03%, during the forecast period. The increasing adoption of energy-efficient lighting automation systems is the major driver of the lighting management system market. The growing demand for building automation in North America and Europe make them...
Digital Oilfield Market Surge Towards Solid Growth in Near Future
The global digital
oilfield market size is expected to grow from an estimated USD 24.3 billion
in 2021 to USD 32.0 billion by 2026, at a CAGR of 5.6%, during the forecast
period. The key drivers for the digital oilfield market include new technological
advancements in oil & gas industry; increased return on investment in oil
& gas industry; and growing need for maximizing production potential...