Biorefinery Market will Escalate Rapidly in the Near Future

Biorefinery Market

The global biorefinery market is expected to witness significant growth during the forecast period due to increased government initiatives and increased need for environmental sustainability as well as technological advancements and increased investments in the biorefinery market. The global Biorefinery Market is projected to grow from USD 141.8 …

Green Ammonia Market worth $17.9 Billion by 2030

Green Ammonia Market

Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by generating energy from solar/wind/hydropower, which is then fed into an electrolyzer. It extracts hydrogen from water, while nitrogen is removed from the air using an air separation unit. In this …

Smart Meter Market worth $36.3 Billion by 2028

Smart Meter Market

The global Smart Meter Market is expected to grow from an estimated USD 23.1 billion in 2023 to USD 36.3 billion by 2028, at a CAGR of 9.4% during the forecast period. The smart meters are able to communicate with the utility company in real time, allowing for …

Brushless DC Motor Market worth $17.6 Billion by 2028

Brushless DC Motor Market

The global Brushless DC Motor Market is expected to reach USD 17.6 billion by 2028 from USD 12.1 billion in 2023 at a CAGR of 7.9% during the 2023–2028 period according to a new report by MarketsandMarkets™. The increasing adoption of Brushless DC motors is driven by their …

Electrolyzers Market worth $57.2 Billion by 2030

Electrolyzers Market

The global Electrolyzers Market is expected to reach USD 57.2 billion by 2030 from USD 0.5 billion in 2023 at a CAGR of 97.7% during the 2023–2030 period according to a new report by MarketsandMarkets™. The growing demand for cleaner fuels is one of the major factors driving …

Transformer Monitoring Market worth $3.7 Billion by 2028

Transformer Monitoring Market

The global Transformer Monitoring Market is expected to grow from an estimated USD 2.4 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 9.1% during the 2023–2028 period according to a new report by MarketsandMarkets™. Transformer monitoring is critical for guaranteeing …

Biomethane Market worth $60.2 Billion by 2030

Biomethane Market

The global Biomethane Market is expected to grow from an estimated USD 10.3 billion in 2023 to USD 60.2 billion by 2030, at a CAGR of 28.7% according to a new report by MarketsandMarkets™. This anticipated expansion underscores the increasing prominence and adoption of biomethane as a renewable …

Gas Insulated Switchgear Market worth $31.6 Billion by 2028

Gas Insulated Switchgear Market

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 …

E-fuels Market worth $49.4 Billion by 2030

E-fuels Market

The global E-fuels Market is estimated to grow from USD 6.2 billion in 2023 to USD 49.4 billion by 2030, at a CAGR of 34.5% according to a new report by MarketsandMarkets™. The potential for e-fuels to address carbon emissions and energy storage concerns is driving up demand for …

Circuit Breaker Market Size Expected to Reach $8.6 Billion by 2028

Circuit Breaker Market Size

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 …

2024 Outlook: Rising Trends in the Inverter Market

Inverter Market

The simplicity of installation for both string and micro inverters is the main factor propelling the global market’s expansion. The industry has grown as a result of increased investment in the development of renewable power infrastructure and the rise in demand for electricity from diverse …

Shore Power Market Size, Share, Trends & Industry Forecast to 2027

Shore Power Market

The global Shore Power Market size is expected to grow from an estimated USD 1.6 billion in 2022 to USD 2.8 billion by 2027, at a CAGR of 11.2% according to a new report by MarketsandMarkets™. Shore power, shore-to-ship power, or cold ironing is a technique …

Gas Turbine Market worth $22.5 Billion by 2026

Gas Turbine Market

The global Gas Turbine Market is expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are …

Blue Hydrogen Market worth $44.5 Billion by 2030

Blue Hydrogen Market

The global Blue Hydrogen Market is projected to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, at a CAGR of 11.9% according to a new report by MarketsandMarkets™.  Hydrogen has long been recognized as a possible low-carbon transportation fuel. Blue hydrogen is primarily produced from …