Energy Management Systems Market worth $75.6 Billion by 2028

Energy Management Systems Market

The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% according to a new report by MarketsandMarkets™.  EMS determines the most cost-effective configuration for power production, transmission, and distribution throughout the network, …

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 …

Geothermal Energy Market: Rising Demand for Power Generation through Clean Energy

Geothermal Energy Market

The global Geothermal Energy Market is expected to grow from an estimated USD 7.0 billion in 2022 to USD 9.4 billion in 2027, at a CAGR of 5.9% according to a new report by MarketsandMarkets™. Increasing use of geothermal energy for power generation, Favourable government policy, and increasing …

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 …

Blue Ammonia Market: Increasing Efforts Toward Empowering Hydrogen Economy

Blue Ammonia Market

The global Blue Ammonia Market is expected to grow from an estimated USD 78 million in 2023 to USD 7,664 million by 2030, at a CAGR of 62.3% according to a new report by MarketsandMarkets™.  Blue ammonia is a type of ammonia that is produced …

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 …

Vacuum Contactor Market Size – Upcoming Opportunities and Competition Analysis

During the forecast period, the vacuum contactor market is projected to experience significant growth, with an estimated increase from USD 4.1 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 6.1% during the forecast period. The rising trend in industrial automation …

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 …

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 …

Circuit Breaker Market Surge Towards Solid Growth by 2028

Circuit Breaker Market

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 …

Power Management System Market Likely to Boost Future Growth by 2028

Power Management System Market

The global Power Management System Market is projected to reach USD 7.5 billion in 2028 from USD 5.8 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™.  Power Management System (PMS) is a set of hardware and software components …

Energy Management Systems Market to Witness Massive Growth by 2028

Energy Management Systems Market

The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% according to a new report by MarketsandMarkets™.  EMS determines the most cost-effective configuration for power production, transmission, and distribution …

Fuel Cell Generator Market to Witness Rapid Growth by 2030

Fuel Cell Generator Market

The global Fuel Cell Generator Market is projected to reach USD 2.1 billion in 2030 from USD 0.4 billion in 2023 at a CAGR of 25.4% according to a new report by MarketsandMarkets™.  The chemical energy of a fuel is converted directly into electricity by …