Air Circuit Breaker Market worth $4.1 Billion by 2028
The global Air Circuit Breaker Market is expected to reach USD 4.1 billion by 2028 from USD 3.2 billion in 2023 at a CAGR of 5.0% during the 2023–2028 period according to a new report by MarketsandMarkets™. Key growth catalysts include rising investments in smart grid technologies aimed at safeguarding and managing power equipment, along with the replacement of aging infrastructure....
Power Management System Market worth $7.5 Billion by 2028
The global Power Management System Market is projected to reach USD 7.5 billion in 2028 from USD 5.8 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. Power Management System (PMS) is a set of hardware and software components designed to optimize and control the distribution and consumption of electrical power within a given system or facility. It plays a crucial...
Electrical Bushings Market worth $2.96 Billion by 2023
The global electrical bushings market is expected to grow from an estimated USD 2.45 Billion in 2018 to USD 2.96 Billion by 2023, at a CAGR of 3.86%, during the forecast period. In 2017, Asia Pacific was the largest market for electrical bushings, followed by Europe and North America. The growth of the electrical bushings market is mainly driven by rising electrical network expenditure and the increasing...
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...
Synchronous Condenser Market Projected to Reach $574.0 Million by 2025
The global Synchronous
Condenser Market is expected to grow from an estimated USD 508.4 million in
2020 to USD 574.0 million by 2025, at a CAGR of 2.5% during the forecast period.
Long service life, growth of the renewable energy sector, and an increasing
need for power factor correction are driving the growth of the global industry.
Existing and planned upgrades and expansion of High-Voltage Direct...
Switchgear Market Growth Analysis Along with Key Industry Players
Latest report “Switchgear Market By Insulation (Gas Insulated, Air Insulated), By Installation (Indoor, Outdoor) By End-Users (T&D Utilities, Industries, Commercial & Residential, Others), By Voltage (Low, Medium, High), and Region – Global Forecast to 2025″
The switchgear market size will grow to USD 88.5 billion by 2025 (forecast year) from USD 67.5 billion in...
Synchronous Condenser Market Size to Reach $574.0 Million by 2025
The global Synchronous
Condenser Market is projected to reach USD 574.0 million by 2025 from an
estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast
period. Long service life, growth of the renewable energy sector, and an
increasing need for power factor correction are driving the growth of the
global industry. Existing and planned upgrades and expansion of High-Voltage
Direct...
Electrical Digital Twin Market to Hit $1.3 Billion by 2026
According to the new market research report
“Electrical
Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind
Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment
Type (Cloud, On-Premises), End User, Application, and Geography – Global
Forecast to 2026″, published by MarketsandMarkets™, The Electrical
Digital Twin Market size will grow to
USD...
Electrical Digital Twin Market to Reach $1.3 Billion by 2026
According to the new market research report
“Electrical
Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind
Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment
Type (Cloud, On-Premises), End User, Application, and Geography – Global
Forecast to 2026″, published by MarketsandMarkets™, The Electrical
Digital Twin Market size will grow to
USD...
Electrical Bushings Market Estimated to Reach $2.96 Billion by 2023
The global electrical bushings market is projected to grow at a CAGR of 3.86%, from 2018 to
2023. In 2017, Asia Pacific was the largest market for electrical bushings,
followed by Europe and North America. The growth of the electrical
bushings market is mainly driven by rising electrical network expenditure and
the increasing demand for electrical equipment from end-users such as railways
and...