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 …

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 …

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 …

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 …

Electric Insulator Market Market to Show Stunning Growth in Near Future

Electric Insulator Market

The global electric insulator market is expected to grow from an estimated USD 10.17 billion in 2018 to USD 13.34 billion by 2023, at a CAGR of 5.58%. In 2018, the market in Asia Pacific is estimated to be the largest, followed by North America. …

Synchronous Condenser Market to Observe Significant Growth by 2030

Synchronous Condenser Market

The global Synchronous Condenser Market is projected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6% according to a new report by MarketsandMarkets™. Synchronous condensers ensure a stable supply to the transmission grid. They can …

Circuit Breaker Market to Show Strong Growth in Near Future

Industrial Control Transformer Market

The global Circuit Breaker Market size is expected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9%, during the forecast period. Growing investments in smart grid technologies to protect and control power equipment …

Transformer Oil Market to Witness Healthy Growth in Near Future

Transformer Oil Market

The global Transformer Oil Market size is expected to grow from an estimated USD 1.9 billion in 2021 to USD 3.3 billion by 2030, at a CAGR of 6.5%. The expansion of electric grids in developing countries and the modernization of the electric grids in the developed …

Gas-insulated Switchgear Market to Show Strong Growth in Near Future

Gas-Insulated Switchgear Market

The global gas-insulated switchgear market is projected to grow from USD 16.9 billion in 2020 to USD 26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable energy and government initiatives to reduce carbon emissions is likely to drive the market …

Transformer Oil Market to See Huge Growth by 2030

Switchgear Market

The global Transformer Oil Market size is expected to grow from an estimated USD 1.9 billion in 2021 to USD 3.3 billion by 2030, at a CAGR of 6.5%. The expansion of electric grids in developing countries and the modernization of the electric grids in …

Synchronous Condenser Market to Observe Significant Growth by 2025

Synchronous Condenser Market

The global Synchronous Condenser Market is expected to grow from an estimated USD 508.4 million in 2020 to USD 574.0 million by 2025, at a CAGR of 2.5% during the forecast period. Long service life, growth of the renewable energy sector, and an increasing need …

Digital Utility Market to Witness Stunning Growth in Near Future

Digital Utility Market

The global digital utility market is expected to grow from an estimated $135.16 billion in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The North America is currently the largest market for digital utility, closely followed by the Europe and …

Switchgear Monitoring System Market to Witness Strong Growth by 2025

Switchgear Monitoring System Market

According to the new market research report “Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High, Medium), Component (Hardware, Software & Services), Monitoring (Temperature, PD, Gas, Others), End User (Utilities, Industries, Commercial), & Region – Global Forecast to 2025″,published by MarketsandMarkets™,the global Switchgear Monitoring …