The global hydrogen compressors market is projected to reach USD 2.6 billion by 2028 from an estimated USD 2.1 billion in 2023, at a CAGR of 4.5% during the forecast period. The growth of the hydrogen compressor market is propelled by various factors. A significant …
The global instrument transformers market is projected to grow from an estimated USD 7.1 billion in 2023 to USD 10.6 billion by 2030, demonstrating a CAGR of 5.8% during the forecasted period. The instrument transformers market is poised for substantial growth during this period, primarily …
The simplicity of installation for both string and micro inverters is the main factor propelling the global market’s expansion. The industry has grown as a result of increased investment in the development of renewable power infrastructure and the rise in demand for electricity from diverse …
Pressure Vessels Market Size/Share The global Pressure Vessels Market size is expected to grow from USD 50.3 billion in 2023 to USD 62.7 billion by 2028, at a CAGR of 4.5% according to a new report by MarketsandMarkets™. Pressure vessel is a closed container which are designed to hold …
The global Shore Power Market size is expected to grow from an estimated USD 1.6 billion in 2022 to USD 2.8 billion by 2027, at a CAGR of 11.2% according to a new report by MarketsandMarkets™. Shore power, shore-to-ship power, or cold ironing is a technique …
The market size for switchgear is projected to reach approximately USD 119.9 billion by the year 2028, as compared to the estimated value of USD 93.1 billion in 2023, at a Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period. The switchgear market …
The Motor monitoring market is projected to reach USD 3.5 billion by 2028 from an estimated USD 2.3 billion in 2023, at a CAGR of 8.7% during the forecast period. Motor monitoring is one of the aspects of predictive maintenance that tracks the performance of …
The global heat pump water heater market is projected to reach USD 10.2 billion by 2028 from an estimated USD 5.2 billion in 2023, at a CAGR of 14.4% during the forecast period. Governments worldwide are enacting policies and initiatives to encourage the uptake of …
The global Offshore Support Vessel Market size is projected to reach USD 31.4 billion by 2028 from USD 22.6 billion in 2023 at a CAGR of 6.7% according to a new report by MarketsandMarkets™. An offshore support vessel (OSV) is specially designed to support offshore exploration, …
Hydrogen is increasingly being viewed as a clean energy carrier with the potential to play an important role in the transition to a low-carbon economy. It can be used to generate energy in fuel cells or as a direct fuel source for heating and transportation. …
Explore the fascinating world of cryogenic equipment, where technology reaches the ultimate limit of freezing temperatures. The cryogenic equipment market is currently enjoying an unparalleled development, driven by rising demand for low-temperature cooling and freezing solutions across a wide range of industries. From medicine and …
The generator sales sector has expanded significantly in recent years. The growing need for backup power solutions, driven by factors such as catastrophic weather occurrences and aging power infrastructure, has boosted demand for generators in a variety of industries. According to a report by MarketsandMarkets, …
The global Transformer Oil Market size is projected to reach USD 3.0 billion in 2030 from USD 2.0 billion in 2023 at a CAGR of 5.9% according to a new report by MarketsandMarkets™. Transformer oil is a special kind of oil that is primarily used in transformers to …
The global Portable Power Station Market size is projected to reach USD 1.1 billion in 2028 from USD 0.5 billion in 2023 at a CAGR of 18.4% according to a new report by MarketsandMarkets™. Portable power stations are portable and compact devices that function as independent power sources. Their …