Grid-forming Inverter Market: Integrating Renewable Energy Sources into Electricity Grid

Grid-forming Inverter Market

The global Grid-forming Inverter Market is projected to reach USD 1,042 million in 2028 from USD 680 million in 2023 at a CAGR of 8.9% according to a new report by MarketsandMarkets™.  Grid-forming inverters actively regulate the grid’s frequency and voltage to ensure that it …

Nuclear Power Plant Equipment Market to Show Promising Growth in Near Future

Hydrogen Generation Market

The global Nuclear Power Plant Equipment Market is projected to reach USD 18.6 billion in 2027 from USD 15.7 billion in 2022 at a CAGR of 3.5% according to a new report by MarketsandMarkets™. The global Nuclear Power Plant Equipment Market is being pushed by …

Energy as a Service Market: New Revenue Generation Streams for Utilities

Energy as a Service Market

The global Energy as a Service Market is expected to grow from USD 64.7 billion in 2022 to USD 105.6 billion by 2027, at a CAGR of 10.3%. Increasing distributed energy resources, new revenue generation streams for utilities, availability of federal and state tax benefits for energy-efficiency projects …

Environmental Technology Market to Observe Healthy Growth by 2026

Environmental Technology Market

The global Environmental Technology Market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% during the forecast period. Increase in demand from different verticals and a stringent government regulation is one of the …

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, …

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 …

Distributed Generation Market to Observe Massive Growth in Near Future

Distributed Generation Market

The global distributed generation market is expected to grow from an estimated USD 60.04 Billion in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be attributed to the increased global demand for electricity, decreasing costs of solar technology, …

Renewable Drones Market to Show Massive Growth in Near Future

Renewable Drones Market

The global Renewable Drones Market size will grow to USD 148 million by 2025 from USD 45 million in 2020, at a CAGR of 27.1% during the forecast period. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors …

Energy as a Service Market will Escalate Rapidly in Near Future

Energy as a Service Market

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

Environmental Technology Market to Show Robust Growth in Near Future

Environmental Technology Market

The global Environmental Technology Market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% during the forecast period. Increase in demand from different verticals and a stringent government regulation is one …

Offshore Wind Market to Show Robust Growth in Near Future

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 energy mix together with onshore wind …

Energy as a Service Market to Show Impressive Growth in Near Future

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 …

Wave Energy Market to Witness Massive Growth in Near Future

Wave Energy Market

The global Wave Energy Market size is expected to grow from estimated revenue of USD 44 million in 2020 to USD 107 million by 2025, at a CAGR of 19.3% during the forecast period. The factors driving the growth for wave energy are Likewise, increasing …

Switchgear Market Analysis by Size, Status and Forecast to 2025

Global Switchgear Market Overview: The global switchgear market size will grow to  USD 88.5 billion by 2025 (forecast year) from USD 67.5 billion in 2020 (estimated year), at a post COVID-19 CAGR of 5.5% during the forecast period. Replacement of aging infrastructure in North America, …