AI in Oil & Gas Market to Experience Tremendous Growth in Near Future

AI in Oil & Gas Market

The global AI in Oil & Gas Market is expected to grow from an estimated USD 1.57 Billion in 2017 to USD 2.85 Billion by 2022, at a CAGR of 12.66%, from 2017 to 2022. This growth can be attributed to the factors such as the rising …

Electrical Bushings Market Booming Worldwide with Strong Growth in Near Future

Electrical Bushings Market

The global electrical bushings market is expected to grow from an estimated USD 2.45 Billion in 2018 to USD 2.96 Billion by 2023, at a CAGR of 3.86%, during the forecast period. In 2017, Asia Pacific was the largest market for electrical bushings, followed by Europe …

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 …

High-Speed Engine Market Likely to Boost Future Growth by 2026

High-Speed Engine Market

The global High-Speed Engine Market is projected to reach USD 27.1 billion by 2026 from an estimated USD 21.1 billion in 2021, at a CAGR of 5.1% during the forecast period. Rising demand for reliable and uninterrupted power, growth in international marine freight transport, and growth …

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 …

Gas Turbine Market Likely to Boost Future Growth by 2026

Gas Turbine Market

The global Gas Turbine Market is expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they …

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, …

Artificial Lift Market to Witness Healthy Growth by 2027

Artificial Lift Market

The global Artificial Lift Market is projected to grow from USD 6.9 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 4.8% according to a new report by MarketsandMarkets™. The market has promising growth potential due to the rising global oil …