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 →
Utility Communication Market: Increasing Investments in Deployment of Smart Grid Technologies
The global Utility Communication Market is projected to grow from USD 20.2 billion in 2022 to USD 26.1 billion by 2027, at a CAGR of 5.3% according to a new report by MarketsandMarkets™. The Utility Communication Market has promising growth. Growing investment in smart grids; the need for improving grid reliability and operating efficiency and... Continue Reading →
Inverter Market to Witness Huge Growth by 2022-2027
The report "Inverter Market by Type (Solar Inverters, Vehicle Inverter, others), Output Power Rating (Upto 10 kW, 10-50 kW, 51-100 kW, above 100 kW), End User (PV Plants, Residential, Automotive), Connection, Voltage, Sales Channel & Region - Global Forecast to 2027", is expected to grow at a CAGR of 15.7% during the forecast period, from... Continue Reading →
Energy Management Systems Market: Rising Installation of Smart Grids and Smart Meters to Fuel the Market Growth
According to the new market research report "Energy Management Systems Market by Component, Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), Deployment, End-User Industry and Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Energy Management Systems Market size is estimated to be USD 75.0 billion by 2027... Continue Reading →
Smart Grid Market: Improved Grid Reliability and Efficient Outage Response
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 →
Recloser Market Research Report (2020 to 2025) – by Control, Phase and Region
Latest report "Recloser Market by Control ((Recloser (Electronic, Hydraulic) and Sectionalizer (Resettable Electronic, Programmable Resettable)), Phase (Recloser (Three, Single, Triple Single) and Sectionalizer (Three, Single), Voltage Region - Global Forecast to 2025", is projected to reach USD 2.4 billion by 2025 from an estimated market size of USD 1.9 billion in 2020, at a CAGR... Continue Reading →
Transformer Oil Market: Modernization of electric grids and adoption of smart grids to fuel the Market Growth
According to the new market research report "Transformer Oil Market by Oil Type (Mineral (Naphthenic, Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear, Reactor), End User (Transmission & Distribution, Power Generation, Railways & Metros), and Region - Global Forecast to 2030 ", published by MarketsandMarkets™, the global Transformer Oil Market size is expected to grow from an... Continue Reading →
Power Transformer Market to See Massive Growth
Global energy production has increased over the past decade, from 15,409.0 TWh in 2000 to 23,536.5 TWh in 2014. This has also led to the increasing need for expanding T&D networks globally; new T&D infrastructure needs $1.9 trillion in cumulative investment by 2024 to meet the growing energy demands. This includes substations, power lines, and... Continue Reading →
Meter Data Management System: Technological Revolution Fueling Market Growth
The global Meter Data Management System Market is projected to reach $428 million by 2023 from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and need for accurate utility bill generation.... Continue Reading →
Utility Communication Market: Growing Investment in Smart Grids and Modernization of Electricity Networks
According to the new market research report "Utility Communication Market by Technology Type(Wired and Wireless), Utility Type, Component(Hardware and Software), Application (Oil & Gas Network, T&D), End User (Residential, Commercial, and Industrial) and Region- Global Forecast to 2026", published by MarketsandMarkets™, the Utility Communication Market size is expected to grow from an estimated USD 18.7... Continue Reading →