Portable Power Station Market to Generate $494 Million Revenue by 2026
The global Portable
Power Station Market size is expected to grow from an estimated USD 358
million in 2021 to USD 494 million by 2026, at a CAGR of 6.7 % during the
forecast period. The drivers for this market are the increasing use of smart
electronic devices, growing demand for uninterrupted and reliable power, and
stringent emission rules across regions such as Asia Pacific, North America,
South...
Synchronous Condenser Market worth $811 Million by 2030
The global Synchronous Condenser Market is
projected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a
CAGR of 2.6% according to a new report by MarketsandMarkets™. Synchronous
condensers ensure a stable supply to the transmission grid. They can also
supply and absorb reactive power and deliver voltage support and dynamic
regulation. In addition, many renewable resources are...
Thermal Energy Storage Market Likely to Boost Future Growth by 2025
The global Thermal
Energy Storage Market size is projected to reach USD 369 million by 2025,
at a CAGR of 14.4%, from an estimated USD 188 million in 2020. The growth of
the thermal energy storage market is majorly driven by increasing demand for
energy storage technologies, rising number of CSP projects, and increasing HVAC
applications.
Thermal energy storage in concentrating
solar power (CSP)...
Gas-insulated Switchgear Market to Witness Revolutionary Growth by 2025
The global gas-insulated
switchgear market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable
energy and government initiatives to reduce carbon emissions is likely to drive
the market for gas-insulated switchgear market globally. Also, the expansion of
electrical grids due to the growing industrialization and urbanization...
Meter Data Management System Market to See Huge Growth by 2023
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.
Europe is projected to be the second largest region, with...
Energy as a Service Market Outlook and Evolving Industry Trends
The global Energy as a Service Market is projected to grow from USD 52.0 billion in 2019 to reach USD 86.9 billion by 2024, at a CAGR of 10.8% during the forecast period. The growth of energy as a service market is driven by the new revenue generating streams for utilities, increased distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability...
Light Management System Market to Observe Huge Growth by 2023
The global Light Management System Market is expected to grow from an estimated $11.66 billion in 2018 to $21.51 billion by 2023, at a CAGR of 13.03%, during the forecast period. The increasing adoption of energy-efficient lighting automation systems is the major driver of the lighting management system market. The growing demand for building automation in North America and Europe make them...
Smart Electric Meter Market May Set New Growth Story
The global smart
electric meter market is projected to grow from an estimated USD 9.27
billion in 2018 to USD 11.33 billion by 2023, at a CAGR of 4.11%, during the
forecast period. The increased need for efficient data monitoring systems,
coupled with favourable government policies for a smart meter rollout is
driving the market for smart electric meters. Other factors include improved
cost savings,...
Power Plant Boiler Market Size to Reach $22.8 Billion by 2025
The global Power
Plant Boiler Market size is expected to grow from an estimated USD 18.1
billion in 2020 to USD 22.8 billion by 2025, at a CAGR of 4.8%, during the
forecast period. Increasing demand for electricity and growing focus on clean
fossil fuels such as natural gas, which helps reduce greenhouse gas emissions,
are the key factors driving the power plant boiler market. Power plant boilers
use...
Power Distribution Unit Market Anticipated to Reach $5.7 Billion by 2027
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 Market size is estimated...