Smart Grid Market Likely to Boost Future Growth by 2026

Smart Grid Market

The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. The modernization of aging grid infrastructure is one of the primary factors driving the market …

Electric Motor Market will Escalate Rapidly in Near Future

Electric Motor Market

The global Electric Motor Market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. Increased demand for HVAC systems in residential, commercial, and industrial end-users in the Middle East …

Attractive Opportunities for Market Players in Gas Insulated Switchgear Market

Gas Insulated Switchgear Market

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 …

Energy as a Service Market Likely to Boost Future Growth by 2027

Energy as a Service Market

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, …

Floating LNG Power Vessel Market to Show Significant Growth in Near Future

Floating LNG Power Vessel Market

The global floating LNG power vessel market is expected to grow from an estimated $860.1 million in 2018 to $931.6 million by 2023. The Asia Pacific is estimated to be the largest market, followed by the Middle East & Africa. Factors such as growing population, industrialization and …

AC Power Sources Market Trends & Opportunities with Forecast 2022-2027

New Revenue Pockets: The AC power sources market size will grow to USD 1.7 Billion by 2027 from USD 1.5 Billion in 2022, at a CAGR of 2.2% during the forecast period. The growth of the AC power sources market is mainly driven by the …

Portable Power Station Market Outlook and Emerging Industry Trends

Portable Power Station Market

The global Portable Power Station Market size is expected to grow from an estimated USD 358 million in 2021 to USD 494 million by 2026, at a CAGR of 6.7%. The drivers for this market are the increasing use of smart electronic devices, growing demand for uninterrupted …

Boiler Control Market to Show Significant Growth in Near Future

Boiler Control Market

The global boiler control market is expected to grow from an estimated USD 1.80 billion in 2018 to USD 2.42 billion by 2023, at a CAGR of 6.09%. The boiler control market is set to witness significant growth due to the rising demand from the …

Smart Electric Meter Market to Observe Stunning Growth in Near Future

Smart Electric Meter Market

The global smart electric meter market is projected to grow from an estimated USD 9.27 billion in 2018 to USD 11.33 billion by 2023, at a CAGR of 4.11%, from 2018 to 2023. The increased need for efficient data monitoring systems, coupled with favourable government …

Load Break Switch Market to Show Significant Growth in Near Future

Load Break Switch Market

The global load break switch market is expected to grow from an estimated market size of USD 2.23 Billion in 2018 to USD 3.12 Billion by 2023, at a CAGR of 6.16%, during the forecast period. The global load break switch market is set to …

Air Circuit Breaker Market to Observe Strong Growth in Near Future

Air Circuit Breaker Market

The global Air Circuit Breaker Market size is projected to reach USD 3.9 billion by 2024 from an estimated USD 3.0 billion in 2019, at a CAGR of 5.2% during the forecast period. Asia Pacific is estimated to be the largest market for air circuit …

Distributed Generation Market to Observe Massive Growth in Near Future

Distributed Generation Market

The global distributed generation market is expected to grow from an estimated USD 60.04 Billion in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be attributed to the increased global demand for electricity, decreasing costs of solar technology, …

Silent Generator Market to Observe Significant Growth by 2027

According to the new market research report “Silent Generator Market by Sound Level (Super Silent, Silent), Fuel (Diesel, Natural Gas), Power Rating (Up to 25 kVA, 25-49 kVA, 50-99 MW, 100-499 kVA, & Above 500 kVA), Phase, Type, Application, End-User Industry and Region – Global …

Smart Meters Market will Escalate Rapidly in Near Future

Smart Meters Market

The global smart meters market is projected to reach USD 30.2 billion by 2026 from USD 19.6 billion in 2021, at a CAGR of 9.0% during the forecast period. Smart Meters is increasingly being installed and is showing robust growth. Governments worldwide are undertaking several …