The permanent magnet motor market is estimated to grow at a CAGR of 8.87%, from 2018 to 2023, to reach a projected market size of USD 45.13 billion by 2023. A permanent magnet motor (consisting of a stator and a rotor having permanent magnets) is …
The global oil & gas sensors market is projected to reach USD 9.4 billion by 2023 from an estimated USD 7.4 billion in 2018 at a CAGR of 4.81%. The growth of the oil & gas sensors market is mainly driven by the increasing adoption …
The global heat pump market is expected to grow at a CAGR of 11.68%, from 2018 to 2023, to reach a market size of USD 94.42 billion by 2023. Government regulations for increasing energy efficiency and favorable incentives, increasing investments in the residential and commercial …
The global micro turbines market is expected to grow at a CAGR of 9.46%, from 2017 to 2022, to reach a market size of USD 251.0 million by 2022. Increasing demand for electric power worldwide, subsequent investments in new power generating capacity, and growing adoption …
The global turboexpander market is expected to reach USD 390.8 million by 2023 from ~USD 290.6 million in 2018 (by value), growing at a CAGR of 6.61%. By volume, the global turboexpander market is expected to grow at a CAGR of 2.61% from 2018 to …
The distribution automation market is estimated to grow at a CAGR of 7.29% from 2018 to 2023, to reach a projected market size of USD 16.81 billion by 2023. Distribution automation is a solution, which includes monitoring, protecting, controlling, and maintaining the distribution network. Distribution …
The perforating gun market is expected to grow at a CAGR of 3.71%, from 2017 to 2022, to reach a market size of USD 898.7 million by 2022. Rising oil and gas production, increase in the average well depth over the years, growing complexity of …
The smart transformers market is expected to grow at a CAGR of 10.54%, from 2017 to 2022, to reach a market size of USD 2.43 billion by 2022. The major drivers of the smart transformers market include aging infrastructure, increasing emphasis on alternative energy production …
The global offshore support vessel market is expected to grow at a CAGR of 5.04%, from 2018 to 2023, to reach a market size of USD 25.66 billion by 2023. Increasing investments in the offshore oil & gas exploration in the Indian Ocean and South …
The hybrid power solutions market is expected to grow at a CAGR of 8.1% from 2016 to 2021, to reach a market size of USD 689.5 million by 2021. Growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, and reduced …
The advanced energy storage systems market is expected to grow at a CAGR of 8.38%, from 2017 to 2022, to reach a market size of USD 19.04 billion by 2022. The increasing investments in renewables and regulations demanding energy efficiency and electrification of the transport …
The submarine power cable market is estimated to be valued at USD 16.56 billion by 2023, at a CAGR of 15.32% from 2018 to 2023. Submarine power cables are widely used to connect offshore wind farms to mainland grids. Increasing demand for inter-country and island …
The ultrasonic flow meter market is projected to reach USD 2.1 Billion by 2024 from an estimated USD 1.5 Billion in 2019, at a CAGR of 6.5%. The growth of this market is driven by the rise in shale gas exploration activities in the US …
The circuit breaker market is expected to grow at a CAGR of 4.85%, from 2017 to 2022, to reach a market size of USD 8.68 billion by 2022. Increasing construction and development activities, growing access to electricity in developing countries, and the rising number of …