Small Hydropower Market to Show Strong Growth in Near Future

Small Hydropower Market

The global small hydropower market is projected to reach USD 3.0 billion by 2024 from an estimated market size of USD 2.6 billion in 2019, at a CAGR of 2.4% during the forecast period. The global market is set to witness significant growth owing to the application …

Advanced Energy Storage Systems Market to Show Massive Growth in Near Future

Advanced Energy Storage Systems Market

The global advanced energy storage systems market is expected to grow from USD 12.7 billion in 2017 to USD 19.0 billion by 2022, at a CAGR of 8.4% during the forecast period. The growth of the advanced energy storage systems market is attributed to increasing renewable energy …

Laminated Busbar Market to Witness Huge Growth by 2025

Laminated Busbar Market

The global laminated busbar market is expected to grow from an estimated market size of USD 861 million in 2020 to USD 1,183 million by 2025, at a CAGR of 6.6% during the forecast period. The market is set to witness growth, due to the demand …

Environmental Technology Market to Observe Healthy Growth by 2026

Environmental Technology Market

The global Environmental Technology Market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% during the forecast period. Increase in demand from different verticals and a stringent government regulation is one of the …

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 …

Electric Motor Market will Escalate Rapidly in Near Future

Electric Motor Market

The global Electric Motor Market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. Increased demand for HVAC systems in residential, commercial, and industrial end-users in the Middle East …

Wave Energy Converter Market to Observe Massive Growth by 2030

Wave Energy Market

The global Wave Energy Converter Market is projected to grow from USD 20 million in 2022 to USD 28 million by 2030, at a CAGR of 4.3% according to a new report by MarketsandMarkets™. The Wave Energy Converter Market has promising growth potential due to …

Attractive Opportunities for Market Players in Gas Insulated Switchgear Market

Gas Insulated Switchgear Market

The global Gas Insulated Switchgear Market is projected to grow from USD 23.1 billion in 2022 to USD 31.3 billion by 2027, at a CAGR of 6.3% according to a new report by MarketsandMarkets™. The Gas Insulated Switchgear Market is expected to witness significant growth …

Energy as a Service Market Likely to Boost Future Growth by 2027

Energy as a Service Market

The global Energy as a Service Market is projected to grow from USD 64.7 billion in 2022 to USD 105.6 billion by 2027, at a CAGR of 10.3% according to a new report by MarketsandMarkets™. Increasing distributed energy resources, new revenue generation streams for utilities, …

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 …

Portable Power Station Market Outlook and Emerging Industry Trends

Portable Power Station Market

The global Portable Power Station Market size is expected to grow from an estimated USD 358 million in 2021 to USD 494 million by 2026, at a CAGR of 6.7%. The drivers for this market are the increasing use of smart electronic devices, growing demand for uninterrupted …

Boiler Control Market to Show Significant Growth in Near Future

Boiler Control Market

The global boiler control market is expected to grow from an estimated USD 1.80 billion in 2018 to USD 2.42 billion by 2023, at a CAGR of 6.09%. The boiler control market is set to witness significant growth due to the rising demand from the …

Surge Arrester Market Outlook and Emerging Industry Trends

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 …

Pump Jack Market to Show Strong Growth in Near Future

Pump Jack Market

The global pump jack market is expected to grow from an estimated $2.86 billion in 2017 to $3.63 billion by 2022, at a CAGR of 4.88% from 2017 to 2022. The market in North America is estimated to be the largest market for pump jack, followed by …