The distributed energy resource management system market is expected to grow at a CAGR of 15.70%, from 2017 to 2022, to reach a market size of USD 603.6 billion by 2022. The shift from centralized to de-centralized power generation, government mandates in renewables and updated …
The shunt reactor market is expected to grow at a CAGR of 4.56% from 2017 to 2022, to reach a market size of USD 3.19 billion by 2022. The major drivers of the shunt reactor market include increasing demand for electricity, upgradation of the aging …
The solid oxide fuel cell market is expected to grow at a CAGR of 13.88% from 2017 to 2025, to reach a market size of USD 1,140.6 million by 2025. Government subsidies and fuel cell programs, increasing demand for efficient power generation, and stringent emission …
The HVDC converter station market is expected to grow at a CAGR of 7.92%, from 2017 to 2022, to reach a market size of USD 11.57 billion by 2022. The growth in the HVDC converter station market is driven by the increasing demand for cost-effective …
The global grid-scale battery market is expected to be valued at USD 1.37 billion in 2018 and is likely to grow at a CAGR of 33.52% during the forecast period to reach USD 5.82 billion by 2023. Factors driving the growth of the market include …
The global blockchain in energy market is projected to reach USD 7,110.1 million by 2023, at a CAGR of 78.32%, from an estimated USD 394.3 million in 2018. The growth of the blockchain in energy market is mainly driven by the rising security concerns across …
The global progressing cavity pump market is expected to grow at a CAGR of 6.24%, from 2018 to 2023, to reach a market size of USD 4.08 billion by 2023. Suitability for handling high viscosity fluids, increasing investments in infrastructure development activities, and high demand …
The global electric traction motor market is expected to grow at a CAGR of 18.10% from 2018 to 2023 to reach a market size of USD 28.51 billion by 2023. The increasing demand for carbon emission-free vehicles, increasing transportation system efficiency, and the need for …
Home energy management system is expected to hold the largest share in the Energy Management System (EMS) application market and is projected to grow at the highest CAGR from 2016 to 2021. EMS could be defined as a technical system capable of gathering, analyzing, reporting, …
The global current transducer market is projected to reach USD 683.7 million by 2023, growing at a CAGR of 3.31%, from an estimated USD 563.2 million in 2018. The growth of the current transducer market is mainly driven by the increasing adoption of the control …
The light tower market is expected to grow at a CAGR of 6.1% from 2017 to 2022, to reach a market size of USD 2.72 billion by 2022. A rapid growth of the construction industry, growing investment in the oil & gas sector, and restart …
The global digital oilfield market is projected to reach USD 30.4 billion by 2024 from an estimated value of USD 24.1 billion in 2019, at a CAGR of 4.77%. New technological advancements, and increased return on investment are the factors which are likely to drive …
The global field-erected cooling tower market is expected to grow at a CAGR of 3.78%, from 2017 to 2022, to reach a market size of USD 2.15 billion by 2022. Stringent environmental regulations are expected to drive the demand for field-erected cooling towers, globally. The …
The global recloser control market is expected to grow at a CAGR of 6.22%, from 2017 to 2022, to reach a market size of USD 1.52 billion by 2022. The increasing demand for electric power worldwide, rapid industrialization, and increased investment in automated power equipment …