Synchronous Condenser Market worth $811 Million by 2030

Synchronous Condenser Market

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 …

Power Transformer Market worth $37.7 Billion by 2029

Power Transformer Market

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 …

Surge Arrester Market worth $1.9 Billion by 2025

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 on increasing …

Oil Immersed Power Transformer Market worth $28.3 Billion by 2028

Oil Immersed Power Transformer Market

The global Oil Immersed Power Transformer Market is expected to reach USD 28.3 billion by 2028 from USD 21.2 billion in 2023 at a CAGR of 6.0% during the 2023–2028 period according to a new report by MarketsandMarkets™.  This robust growth is attributed to the …

Switchgear Monitoring System Market worth $2.7 Billion by 2028

Switchgear Monitoring System Market

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 …

Transformer Oil Market Size, Share, Industry Analysis and Forecast – 2030

Transformer Oil Market Size, and Share

The global Transformer Oil Market size is projected to reach USD 3.0 billion in 2030 from USD 2.0 billion in 2023 at a CAGR of 5.9% according to a new report by MarketsandMarkets™.  Transformer oil is a special kind of oil that is primarily used in transformers to …

Air Circuit Breaker Market worth $4.1 Billion by 2028

Air Circuit Breaker Market

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 …

Transformer Oil Market to Show Healthy Growth Through 2030

Transformer Oil Market

The global Transformer Oil Market is projected to reach USD 3.0 billion in 2030 from USD 2.0 billion in 2023 at a CAGR of 5.9.  Transformer oil is a special kind of oil that is primarily used in transformers to facilitate insulation and cooling. Transformer oil caters to …

Dry Type Transformer Market: Transforming the Future of the Energy Industry

Dry Type Transformer Market

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 …

Smart Grid Market Outlook and Evolving Industry Trends

Smart Grid Market

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 …

Transformer Oil Market to Witness Significant Growth by 2030

transformer oil market

The global Transformer Oil Market is projected to reach USD 3.0 billion in 2030 from USD 2.0 billion in 2023 at a CAGR of 5.9% according to a new report by MarketsandMarkets™.  Transformer oil is a special kind of oil that is primarily used in …

Power Grid Market Surge Towards Solid Growth by 2028

Power Grid Market

The global Power Grid Market is projected to reach USD 367.4 billion in 2028 from USD 282.1 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™.  The power grid delivers on-demand electricity from power plants to homes and businesses …

Protective Relay Market to Show Significant Growth in Near Future

Protective Relay Market

The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to …

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 …