Energy Efficient Motor Market to See Huge Growth by 2023

Energy Efficient Motor Market

The global energy-efficient motor market is projected to reach USD 41.6 billion by 2023 from USD 30.3 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major factors driving the growth of the energy-efficient motor market are energy savings and the …

Synchronous Condenser Market to Observe Significant Growth by 2025

Synchronous Condenser Market

The global Synchronous Condenser Market is expected to grow from an estimated USD 508.4 million in 2020 to USD 574.0 million by 2025, at a CAGR of 2.5% during the forecast period. Long service life, growth of the renewable energy sector, and an increasing need …

Digital Utility Market to Witness Stunning Growth in Near Future

Digital Utility Market

The global digital utility market is expected to grow from an estimated $135.16 billion in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The North America is currently the largest market for digital utility, closely followed by the Europe and …

Energy as a Service Market to Show Impressive Growth in Near Future

Energy as a Service Market

The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The growth of energy as a service market is driven by the …

Shore Power Market Booming Worldwide with Strong Growth

Shore Power Market

According to the new market research report “Shore Power Market by Installation (Shoreside, Shipside), Connection (New Installation, Retrofit), Component (Transformers, Frequency Converters, and More), Power Output (Up to 30 MVA, 30 to 60 MVA, Above 60 MVA) and Region – Global Forecast to 2027″, published …

Electrical Digital Twin Market will Escalate Rapidly in the Near Future

Electrical Digital Twin Market

The global Electrical Digital Twin Market size will grow to USD 1.3 billion by 2026 from USD 0.8 billion in 2021, at a CAGR of 12.2% during the forecast period. The integration of variable renewable energy with the grid and increasing decentralization of distributed energy …

Wave Energy Market to Witness Massive Growth in Near Future

Wave Energy Market

The global Wave Energy Market size is expected to grow from estimated revenue of USD 44 million in 2020 to USD 107 million by 2025, at a CAGR of 19.3% during the forecast period. The factors driving the growth for wave energy are Likewise, increasing …

Oilfield Integrity Management Market: Increasing Focus on Remote Monitoring of Oilfields

Oilfield Integrity Management Market

The global Oilfield Integrity Management Market size is expected to grow from an estimated USD 12.8 billion in 2020 to USD 18.8 billion by 2025, at a CAGR of 8.1%, during the forecast period. Increasing focus on remote monitoring of oilfields for process optimization and …

ABB and Siemens are the Leading Players in the Gas-insulated Switchgear Market

Gas-insulated Switchgear Market

The global gas-insulated switchgear market is projected to grow from USD 16.9 billion in 2020 to USD 26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable energy and government initiatives to reduce carbon emissions along with the expansion of electrical …

Green Ammonia Market to Grow Immensely Backed by Growing Demand for long-term Storage of Renewable Energy

Green Ammonia Market

The global Green Ammonia Market size is projected to grow from USD 16 million in 2021 to reach USD 5,415 million by 2030, at a CAGR of 90.2% during the forecast period. Green hydrogen projects are increasing as many countries are focusing on investing in …

Power Rental Market to Witness Healthy Growth through 2027

Power Rental Market

According to the new market research report “Power Rental Market by Fuel Type (Diesel, Natural Gas), Equipment (Generators, Transformers, Load Banks), Power Rating (Up to 50 kW, 51–500 kW, 501-2500 kW, Above 2500 kW), Application, End User and Region – Global Forecast to 2027″, published …

Silent Generator Market Likely to Boost Future Growth by 2027

Silent Generator Market

According to the new market research report “Silent Generator Market by Sound Level (Super Silent, Silent), Fuel (Diesel, Natural Gas), Power Rating (Up to 25 kVA, 25-49 kVA, 50-99 MW, 100-499 kVA, & Above 500 kVA), Phase, Type, Application, End-User Industry and Region – Global …

Switchgear Monitoring System Market to Witness Strong Growth by 2025

Switchgear Monitoring System Market

According to the new market research report “Switchgear Monitoring System Market by Type (GIS, AIS), Voltage (High, Medium), Component (Hardware, Software & Services), Monitoring (Temperature, PD, Gas, Others), End User (Utilities, Industries, Commercial), & Region – Global Forecast to 2025″,published by MarketsandMarkets™,the global Switchgear Monitoring …

Shore Power Market to Observe Strong Growth in Near Future

Shore Power Market

The global Shore Power Market is projected to reach USD 1.4 billion by 2025 from USD 1.1 billion in 2020, at a CAGR of 6.7%. The factors driving the growth for shore power include growing focus governments across the world on reducing air and noise …