The global mobile power plant market is projected to grow at a CAGR of 4.56% from 2017 to 2022, to reach USD 1.73 Billion by 2022. This growth is primarily driven by the lack of power infrastructure, increasing demand for electricity in remote locations, frequent natural disasters, and increase in onshore oil rigs. The Middle... Continue Reading →
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 of small hydropower projects for rural electrification, financial... Continue Reading →
Global Gas Insulated Transformer Market Overview: The gas insulated transformer market is expected to grow from USD 2.75 Billion in 2018 to USD 3.45 Billion by 2023, at a CAGR of 4.61% between 2018 and 2023. The market is set to witness growth due to factors such as no risk of oil leakage and space... Continue Reading →
The global ring main unit market size is projected to grow at a CAGR of 9.3% from 2020 to 2025. The market is estimated to be USD 1.6 billion in 2020 and expected to reach USD 2.5 billion by 2025. Asia Pacific is expected to be the largest and the fastest growing market for ring... Continue Reading →
Battery energy storage systems are rechargeable battery systems that store energy from renewable energy sources such as solar arrays or the electric grid and provide that energy to end-users. Battery energy storage systems mainly include lithium-ion batteries because of their high energy density. Asia Pacific is the major hub for global lithium-ion battery manufacturing, and... Continue Reading →
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