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 …

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 …

Distributed Energy Resource Management System Market – Increasing power consumption to Boost Market

Distributed Energy Resource Management System Market

Global Distributed Energy Resource Management System Market Scenario: The global distributed energy resource management system market size will grow to USD 750 million by 2026 (forecast year) from USD 286 million in 2021 (estimated year), at a CAGR of 21.2% during the forecast period. The …

Electrical Digital Twin Market: Growing Adoption of Renewables and Grid Digitalization to Boost Market

Electrical Digital Twin Market

According to the new market research report “Electrical Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment Type (Cloud, On-Premises), End User, Application, and Geography – Global Forecast to 2026″, published by …

Distributed Generation Market to See Massive Growth by 2022

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, …

Offshore Wind Market to Witness Stunning Growth through 2026

Offshore Wind Market

According to the new market research report “Offshore Wind Market by Component (Turbines (Nacelle, Rotors & Blades, Tower), Substructure, Electrical Infrastructure), Location (Shallow Water, Transitional Water, & Deepwater) and Region (North America, Asia Pacific, & Europe) – Global forecast to 2026“, published by MarketsandMarkets™, the …

Renewable Drones Market: Growing Adoption of Drones to Reduce Cost of Inspection Operation of Solar and Wind Farm

Renewable

The global Renewable Drones Market is projected to reach a size of USD 148 million by 2025, at a CAGR of 27.1%, from an estimated USD 45 million in 2020. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the …

Utility Drones Market: Future Trends and Opportunities

Utility Drones Market

The global Utility Drones Market is estimated to be USD 110.2 million in 2018 and is projected to reach USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Drones that are mainly used for utilities inspection, survey, and asset management …

Industrial Gearbox Market: Growth and Opportunities

Industrial Gearbox Market

The global Industrial Gearbox Market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023.  Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of …

Renewable Drones Market is Thriving Worldwide with Huge Growth Opportunity 2020-2025

Renewable Drones Market

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

COVID-19 Impact on Renewable Energy Market: Future Scope and Industry Growth during 2020-2021

As renewable energy is the best and environment-friendly alternative to oil, the demand for renewable energy and related projects is likely to increase in the near future. This renewable energy market will be less impacted during the COVID-19 period. The COVID-19 Impact on Renewable Energy …

Offshore Wind Market Booming Worldwide with A Massive Growth of 15.32% by 2022 | Siemens AG, ABB Ltd., MHI Vestas, General Electric, EEW Group, A2Sea, Nexans, among others.

The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020.  The market in Europe was estimated to be the largest market for offshore wind, followed by Asia-Pacific in 2016. …