The global recloser market is expected to reach USD 1.3 billion by 2027 from an estimated USD 1.0 billion in 2022, at a CAGR of 5.4% from 2022 to 2027. The increase in energy consumption and the growth in renewable power generation lead to the …
The global Smart Grid Market size is projected to reach USD 103.4 billion by 2026 from USD 43.1 billion in 2021 at a CAGR of 19.1% during the forecast period. Smart grid technology enables the transition from a traditional energy distribution network to an intelligent …
The high voltage cables and accessories market is projected to reach USD 52.5 billion by 2028 from an estimated USD 40.0 billion in 2023, at a CAGR of 5.6% during the forecast period. High voltage cables and accessories are essential as they facilitate the efficient …
The global Carbon Offset/Carbon Credit Market is projected to reach USD 1,602.7 billion in 2028 from USD 414.8 billion in 2023 at a CAGR of 31.0% according to a new report by MarketsandMarkets™. The Carbon Offset/Carbon Credit Market growth has been attributed to rising global …
The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period. Growing demand for high-performance motors, across the end use segment …
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather …
The global Grid-forming Inverter Market is projected to reach USD 1,042 million in 2028 from USD 680 million in 2023 at a CAGR of 8.9% according to a new report by MarketsandMarkets™. Grid-forming inverters actively regulate the grid’s frequency and voltage to ensure that it …
The global Circuit Breaker Market is projected to reach USD 8.6 billion in 2028 from USD 6.5 billion in 2023 at a CAGR of 5.5% according to a new report by MarketsandMarkets™. Key drivers for this growth include increasing investments in smart grid technologies aimed …
The global distributed control system market is projected to reach USD 26.7 billion by 2028 from an estimated USD 19.9 billion in 2023, at a CAGR of 6.1% during the forecast period. The surge in implementation of distributed control systems (DCS) in the process industries …
According to a research report “Hydrogen Market by Sector (Generation Type (Gray, Blue, Green), Storage (Physical, Material), Transportation (Long, Short)), Application (Energy (Power, CHP), Mobility, Chemical & Refinery (Refinery, Ammonia, Methanol)), Region – Global Forecast to 2030″ published by MarketsandMarkets, the hydrogen market is projected …
The global Power Management System Market is projected to reach USD 7.5 billion in 2028 from USD 5.8 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. Power Management System (PMS) is a set of hardware and software components …
The global lithium iron phosphate batteries market is projected to reach USD 35.5 billion by 2028 from an estimated USD 17.7 billion in 2023, at a CAGR of 14.9% during the forecast period. The growing investments in building offshore wind farms will positively impact the …
The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% according to a new report by MarketsandMarkets™. EMS determines the most cost-effective configuration for power production, transmission, and distribution …
The global biomass power generation market is projected to reach USD 105.7 billion by 2028 from an estimated USD 91.3 billion in 2023, at a CAGR of 3.0% during the forecast period. The growth of the biomass power generation market is driven by the focus …