The global High Voltage Power Transformer Market in terms of revenue was estimated to be worth $9.1 billion in 2024 and is poised to reach $12.3 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. This growth is primarily driven by the need to... Continue Reading →
According to a research report "Switchgear Market by Insulation (Gas-insulated, Air-insulated), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2-36 kV), High (Above 36 kV), End User and Region - Global Forecast to 2028" published by MarketsandMarkets, the market size for switchgear is projected to reach approximately USD 119.9 billion... Continue Reading →
The global Smart Grid Marketsize 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. Smart grid technology enables the transition from a traditional energy distribution network to an intelligent electricity grid that allows two-way communication between the... Continue Reading →
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 during the forecast period, owing to the power distribution infrastructure, which is expected... Continue Reading →
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%. North America is currently the largest market for digital utility, closely followed by the Europe and Asia-Pacific market. However, by 2022, the market in Asia-Pacific is projected to gain the largest... Continue Reading →
The global Utility Drones Market is estimated to be USD 110.2 million in 2018 and is projected to reach USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Drones that are mainly used for utilities inspection, survey, and asset management are called utility drones. In 2017, North America was the largest market... Continue Reading →
According to the new market research report "Power Distribution Unit Market by Type (Basic, Metered, Switched, Monitored, ATS, Hot Swap, Dual Circuit), Phase (Single & Three), Power Rating (Up to 120 V, 120–240 V, 240–400 V, above 400 V), End User and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Power Distribution Unit... Continue Reading →
The global floating LNG power vessel market is expected to grow from an estimated $860.1 million in 2018 to $931.6 million by 2023. In 2018, the Asia Pacific market is estimated to be the largest, followed by the Middle East & Africa. Factors such as growing population, industrialization and increasing urban business activities, and an... Continue Reading →
The global power management system market is estimated to reach USD 3.77 Billion in 2017 and is projected to reach USD 5.26 Billion by 2022, growing at a CAGR of 6.88%, during the forecast period. The market is set to grow due to the increasing demand for energy efficiency in the manufacturing sector, rising installation... Continue Reading →
According to the new market research report "Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption/End Use), Communication Technology (Wireline, Wireless), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the smart grid market size will grow to USD 103.4 billion by 2026 (forecast year) from USD 43.1 billion in... Continue Reading →
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