Ring Main Unit Market to Generate $2.5 Billion by 2025; Growing Renewable Energy Sector to Propel the Market
The report “Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor, and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), Voltage Rating, and Region-Global Forecast to 2025″, The global ring main unit market is expected to reach USD 2.5 billion by 2025 from an estimated value of USD 1.6 billion...
Electrical SCADA Market to Grow $3.29 Billion by 2022
The global Electrical
SCADA Market is expected to grow from an estimated $2.29 billion in 2017 to
$3.29 billion by 2022, at a CAGR of 7.48%, during the forecast period. This
growth is primarily driven by the increasing investments in electrical
networks, adoption of remote monitoring and control solutions, digitalization
of the power sector, need for automation in the power industry, and rising
pressure...
Synchronous Condenser Market to be $574.0 Million by 2025
According to the new market research report “Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water), Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End User (Electrical Utilities & Industries), Reactive Power Rating, and Region-Global Forecast to 2025 “, published by MarketsandMarkets™, the global Synchronous Condenser Market...
Electrical Digital Twin Market to Witness A Massive Growth of 15.4% by 2024
The global electrical digital twin market
is projected to reach USD 1,642 million by 2024 from an estimated USD 804
million in 2019, at a CAGR of 15.4%. This growth can be attributed to the
improved accuracy and efficiency in power sector operations, streamlined
integration of renewable energy technologies, and reduced unplanned downtime
and maintenance cost.
The asset performance
management is...
Breaking Down the $19.98B Market for Smart Meters and Analysis Through 2022
The smart meters market is expected to grow from an estimated USD 12.79 Billion in 2017 to USD 19.98 Billion by 2022, registering a CAGR of 9.34% from 2017 to 2022. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as government policies & mandates in developed economies and accurate billing & improved customer...
Increasing use of smart grids and mobile devices, modification in billing practices in Utility Communication Market
The Utility Communication Market is expected to grow at a CAGR of 15.55%, from 2016 to 2021 and will reach to USD 15.45 billion in 2022 from an estimated value of 7.50 billion in 2016.
The power line communication (PLC) technology subsegment, within the wired technology segment, led the utility communication market in 2016, and is projected to dominate the market during the forecast period. The segment...