Promising Growth of the Renewable Energy in Emerging Economies to Fuel the Microgrid Control System Market

Global Microgrid Control System Market Scenario: The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, …

Advanced Energy Storage Systems Market to See Robust Growth in Near Future

Advanced Energy Storage Systems Market

The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4% from 2017 to 2022. The growth of the advanced energy storage systems market is attributed …

Power Management System Market Insights with Trends and Future Opportunities

Power Management System Market

The global Power Management System Market is projected to reach USD 5.26 billion by 2022, growing at a CAGR of 6.88% from 2017 to 2022. This market growth is primarily driven by the increasing demand for energy efficiency in the manufacturing sector, rising installation of …

Heat Pump Market Analysis with Promising Growth Opportunities to 2023

Heat Pump Market

The global Heat Pump Market is projected to reach a market size of USD 94.42 billion by 2023 from an estimated USD 54.34 billion in 2018, growing at a CAGR of 11.68% during the forecast period. In 2018, the market in Asia Pacific is estimated …

Energy as a Service Market Insights with Emerging Trends and Opportunities

Energy as a Service Market

The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The growth of energy as a service market is driven by the new revenue …

Energy Efficient Motor Market – Insights and Trends

Energy Efficient Motor Market

The global Energy Efficient Motor Market is projected to reach USD 41.6 billion by 2023 from USD 30.3 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major factors driving the growth of the energy efficient motor market are energy savings …

Residential Energy Management Market Analysis with Ongoing Trends and Growth to 2025

Residential Energy Management Market

According to the new market research report “Residential Energy Management Market by Component (Hardware (RTU, Relays, LCS, DR devices, Control Devices, In-house Displays), Software(EMP, Energy Analytics, CEP); Communication Technology (Wired, Wireless); Application; Region – Global forecast to 2025″, published by MarketsandMarkets™, the global Residential Energy …

Insights o the Variable Frequency Drive (VFD) Market to 2025 – Featuring ABB, Siemens, Schneider Electric, Danfoss, Rockwell Automation

The global variable frequency drive market is projected to reach USD 24.3 billion by 2025 from an estimated USD 19.2 billion in 2020, at a CAGR of 4.8% during the forecast period. This growth can be attributed to factors such as growing regulations towards energy …

Advanced Energy Storage Systems Market is Booming Worldwide | ABB, General Electric, Tesla, Samsung SDI, LG Chem …

Advanced Energy Storage Systems Market

The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4% during 2017 to 2022. The growth of the advanced energy storage systems market is attributed to …

Energy as a Service Market to Witness Significant Growth of $86.9 Billion by 2024

The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from an estimated USD 52.0 billion in 2019, at a CAGR of 10.8%. This growth can be attributed to the new revenue generation streams for utilities, increased distributed energy …