Portable Power Station Market worth $1.1 Billion by 2028

Portable Power Station Market

The global Portable Power Station Market 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 purpose …

Brushless DC Motor Market worth $17.6 Billion by 2028

Brushless DC Motor Market

The global Brushless DC Motor Market is expected to reach USD 17.6 billion by 2028 from USD 12.1 billion in 2023 at a CAGR of 7.9% during the 2023–2028 period according to a new report by MarketsandMarkets™. The increasing adoption of Brushless DC motors is driven by their …

Switchgear Monitoring System Market worth $2.7 Billion by 2028

Switchgear Monitoring System Market

The global Switchgear Monitoring System Market is expected to reach USD 2.7 billion by 2028 from USD 1.8 billion in 2023 at a CAGR of 8.4% during the 2023–2028 period according to a new report by MarketsandMarkets™. The demand to secure electrical distribution systems is …

Transformer Monitoring Market worth $3.7 Billion by 2028

Transformer Monitoring Market

The global Transformer Monitoring Market is expected to grow from an estimated USD 2.4 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 9.1% during the 2023–2028 period according to a new report by MarketsandMarkets™. Transformer monitoring is critical for guaranteeing …

Gas Insulated Switchgear Market worth $31.6 Billion by 2028

Gas Insulated Switchgear Market

The global Gas Insulated Switchgear Market is expected to grow from an estimated USD 23.8 billion in 2023 to USD 31.6 billion by 2028, at a CAGR of 5.8% according to a new report by MarketsandMarkets™. The Gas Insulated Switchgear Market is poised for substantial growth during this …

Circuit Breaker Market Size Expected to Reach $8.6 Billion by 2028

Circuit Breaker Market Size

The global Circuit Breaker Market size is expected to grow from an estimated USD 6.5 billion in 2023 to USD 8.6 billion by 2028, at a CAGR of 5.5% during the forecast period.  Key drivers for this growth include increasing investments in smart grid technologies aimed at protecting …

Shore Power Market Size, Share, Trends & Industry Forecast to 2027

Shore Power Market

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 …

Portable Power Station Market Size, Share, Trends, Growth and Forecast to 2028

Portable Power Station Market Size, Share, Trends, Growth

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 …

Gas Turbine Market worth $22.5 Billion by 2026

Gas Turbine Market

The global Gas Turbine Market is 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 …

Air Circuit Breaker Market worth $4.1 Billion by 2028

Air Circuit Breaker Market

The global Air Circuit Breaker Market is expected to reach USD 4.1 billion by 2028 from USD 3.2 billion in 2023 at a CAGR of 5.0% during the 2023–2028 period according to a new report by MarketsandMarkets™.  Key growth catalysts include rising investments in smart grid technologies aimed …

Dry Type Transformer Market: Transforming the Future of the Energy Industry

Dry Type Transformer Market

The global Dry Type Transformer Market is expected to grow from an estimated USD 6.6 billion in 2023 to USD 9.2 billion by 2028, at a CAGR of 6.8% according to a new report by MarketsandMarkets™.  Countries across the globe continue to invest in upgrading …

Recloser Market Huge Growth Opportunity between 2022-2027

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 …

Smart Grid Market Outlook and Evolving Industry Trends

Smart Grid Market

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 …

Grid-forming Inverter Market: Integrating Renewable Energy Sources into Electricity Grid

Grid-forming Inverter Market

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 …