Environmental Technology Market worth $690.3 Billion by 2026
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 major factors contributing to the high growth of the environmental technology market.
Based on technological...
Clean Solutions: Industrial Filtration Market Evolution in the US
The Industrial Filtration market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to its massive food & beverage sector, extensive oil & gas infrastructure, and ongoing construction & environmental projects. Stringent regulations, aging power plants, and a growing focus on clean industry practices are expected to...
Powering Efficiency: Smart Meter Market Trends in the US
The Smart Meter market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to Implementation of climate change policies and rising investments in smart grid infrastructures. Among the end use industries, Residential Sector is anticipated to dominate in the U.S. market due to the Improved Billing Accuracy and Benefits in Real Time...
Energy Management Systems Market worth $75.6 Billion by 2028
The global Energy Management Systems Market is expected to grow from an estimated USD 40.7 billion in 2023 to USD 75.6 billion by 2028, at a CAGR of 13.2% during the forecast period. Several laws and regulations aimed at reducing energy consumption and spreading awareness regarding energy conservation have been enacted by regional governments worldwide. These regulations and policies function...
Energy as a Service Market worth $105.6 Billion by 2027
Increasing distributed energy resources, new revenue generation streams for utilities, availability of federal and state tax benefits for energy-efficiency projects and decreasing cost of renewable power generation and storage solutions are driving the demand for energy as a service globally.
The global Energy as a Service Market is expected to grow from USD 64.7 billion in 2022 to USD...
Biorefinery Market worth $210.3 Billion by 2027
The global biorefinery market is expected to witness significant growth during the forecast period due to increased government initiatives and increased need for environmental sustainability as well as technological advancements and increased investments in the biorefinery market.
The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3...
Smart Meter Market Size to Grow $36.3 Billion by 2028
The global Smart Meter Market is expected to grow from an estimated USD 23.1 billion in 2023 to USD 36.3 billion by 2028, at a CAGR of 9.4% during the forecast period. The smart meters are able to communicate with the utility company in real time, allowing for accurate and up-to-date energy usage data. This can help the utility company better manage its power grid and detect and respond...
Carbon Offset/Carbon Credit Market worth $1602.7 Billion by 2028
The global Carbon Offset/Carbon Credit Market is expected to grow from an estimated USD 414.8 billion in 2023 to USD 1,602.7 billion by 2028, at a CAGR of 31.0% during the forecast period. The Carbon Offset/Carbon Credit Market growth has been attributed to rising global warming and the need to remove carbon from the atmosphere. The market is driven by factors such as growing compliance...
Gas Insulated Switchgear Market worth $31.6 Billion by 2028
The global Gas Insulated Switchgear Market is expected to grow from an estimated USD 23.8 billion in 2023 to USD 31.6 billion by 2028, at a CAGR of 5.8% according to a new report by MarketsandMarkets™. The Gas Insulated Switchgear Market is poised for substantial growth during this period, primarily due to the expected strengthening of power distribution infrastructure in response...
Energy Management Systems Market worth USD 75.6 Billion by 2028
The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% according to a new report by MarketsandMarkets™. EMS determines the most cost-effective configuration for power production, transmission, and distribution throughout the network, considering the required criteria for system stability, safety,...