The global Smart Grid Market in terms of revenue was estimated to be worth $71.8 billion in 2024 and is poised to reach $185.0 billion by 2029, growing at a CAGR of 20.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The …
The global Synchronous Condenser Market is estimated to grow from USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6% during the forecast period. Synchronous condensers ensure a stable supply to the transmission grid. They can also supply and absorb reactive power …
The global Power Transformer Market is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™. This growth is primarily driven by the …
The global Air Insulated Switchgear Marketis expected to grow from an estimated USD 67.3 billion in 2024 to USD 85.9 billion by 2029, at a CAGR of 5.0% during the forecast period according to a new report by MarketsandMarkets™. The air insulated switchgear market is poised …
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 …
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 on increasing …
The global Pad-Mounted Switchgear Market is projected to reach USD 7.1 billion in 2028 from USD 5.6 billion in 2023 at a CAGR of 5.1% according to a new report by MarketsandMarkets™. Pad-mounted switchgear systems provide easy access to cable connections and operating apparatus, while …
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 …
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 …
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 …
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 …
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 …
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 …
The global Circuit Breaker Market is projected to reach USD 8.6 billion in 2028 from USD 6.5 billion in 2023 at a CAGR of 5.5% according to a new report by MarketsandMarkets™. Key drivers for this growth include increasing investments in smart grid technologies aimed …