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 …

Edge Computing Industry Statistics & Trends

According to a research report “Edge Computing Market with COVID-19 Impact Analysis, by Component (Hardware, Software, and Services), Application (Smart Cities, IIOT, Remote Monitoring), Organization Size (SMEs and Large Enterprises), Vertical, and Region – Global Forecast to 2026″ published by MarketsandMarkets, The edge computing market size is expected …

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, …

Artificial Lift Market to Witness Healthy Growth by 2027

Artificial Lift Market

The global Artificial Lift Market is projected to grow from USD 6.9 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 4.8% according to a new report by MarketsandMarkets™. The market has promising growth potential due to the rising global oil …

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 …

Offshore Wind Market: An Effective Source of Renewable Energy

Offshore Wind Market

The global Offshore Wind Market is expected to grow from an estimated USD 31.8 billion in 2021 to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. Offshore wind is a crucial pillar in the energy mix together with onshore wind for …

Hydraulic Workover Unit Market Gain Impetus due to the Growing Demand over 2025

Hydraulic Workover Unit Market

The global Hydraulic Workover Unit Market size will grow to USD 11.0 billion by 2025 from USD 8.1 billion in 2020, at a CAGR of 6.3% during the forecast period. The rising number of mature fields in Europe and the Middle East, along with rising …

Pipeline Integrity Market to Witness Revolutionary Growth by 2024

Pipeline Integrity Market

The global Pipeline Integrity Market is projected to reach $2.1 billion by 2024 from an estimated $1.7 billion in 2019, at a CAGR of 4.33% during the forecast period. This growth can be attributed to huge investment pool in the pipeline business, increased government mandate and regulations …

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 …

Surge Arrester Market Outlook and Emerging Industry Trends

Surge Arrester Market

The global Surge Arrester Market size is expected to grow from an estimated USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus of …

Pump Jack Market to Show Strong Growth in Near Future

Pump Jack Market

The global pump jack market is expected to grow from an estimated $2.86 billion in 2017 to $3.63 billion by 2022, at a CAGR of 4.88% from 2017 to 2022. The market in North America is estimated to be the largest market for pump jack, followed by …

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 …