Vacuum Contactor Market Size to Hit $5.5 billion by 2028

Vacuum Contactor Market
According to a research report “Vacuum Contactor Market by Voltage Rating (1-5 kV, 5.1-10 kV, 10.1-15 kV, 15.1-24 kV), Configuration, Application (Motors, Transformers, Capacitors, Reactors, Resistive Loads), End Users (Utilities, Industrial, Oil & Gas) Region – Global Forecast to 2028″ published by MarketsandMarkets, the global vacuum contactor market is estimated to be valued at...

ENGIE (France), Xcel Energy Inc. (US) and EPH (Czechia) are leading players in Biomass Power Generation Market

The global biomass power generation market is projected to reach USD 105.7 billion by 2028 from an estimated USD 91.3 billion in 2023, at a CAGR of 3.0% during the forecast period. Factors such as the need of electrification in rural areas and investments in renewable energy projects are driving the growth of the biomass power generations market. Key Market Players The biomass power generation...

Servo Motors and Drives Market Will Escalate Rapidly in the Near Future

The global servo motors and drives market is expected to grow at a CAGR of 5.7% to USD 15.8 billion by 2027, up from an estimated USD 12.0 billion in 2022. The rising trends of automation and Industry 4.0, are improving the productivity and reliability of production processes in industries of various countries is driving the market for servo motors and drives. The rise in smart manufacturing initiatives...

Rotary Uninterruptible Power Supply (UPS) Market is Booming Worldwide

New Revenue Pockets: The global Rotary Uninterruptible Power Supply (UPS) Market is projected to reach USD 0.8 billion by 2026 from an estimated USD 0.7 billion in 2021, at a CAGR of 4.9% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or rotary UPS market. The advantages of rotary UPS such as...

Exploring the Rapidly Growing Hydrogen Storage Tanks and Transportation Market: Size, Share, and Projections

Hydrogen Storage Tanks and Transportation Market
The hydrogen storage tanks and transportation market is estimated to be valued at USD 174 million in 2022 and is projected to reach USD 4,155 million by 2030 growing at a CAGR of 48.6%. Rising hydrogen refuelling stations and fuel cell vehicles is supporting the market for the growth. By modular storage, hydrogen storage tanks and transportation market is segmented into hydrogen fuel storage...

Power Grid System Market in Subsea Size, Share and Forecast to 2027

The increased deepwater oil and gas exploration activities due to depleting onshore fossil fuel reserves and favorable government policies for offshore renewable power production, especially using wind energy is expected to drive the demand for global power grid system market in subsea. According to the BP Statistical Review of 2021, the top countries with the most untapped oil reserves include the...

The Surge Continues: Exploring the Impressive CAGR of the MOSFET Relay Market

The MOSFET relay market is driven by the growth of the increasing adoption of EVs. MOSFET relay relays are used in the batteries of EVs. According to International Energy Agency’s Tracking Clean Energy Progress report, EV sales doubled and made up 9% of the car market by the end of 2021 with more cars being sold in the European and Chinese markets. The share of EV car sales is expected to grow by...

Collagen & Gelatin Market for Regenerative Medicine, Application, Value and Volume Analysis – Global Forecast to 2022

Medical Automation Market
The global collagen market for regenerative medicine is projected to grow 679.9 Million by 2022, at a CAGR of 10.1%. The key factors propelling the growth of the global collagen and gelatin market for regenerative medicine include the rising prevalence of chronic diseases, rapid growth in aging population, and growing government & private funding to support the development of regenerative medicine. Don’t...

Five Secrets of New Market Research That You Did Not Know

While many entrepreneurs rely on the conventional methods of understanding their customers, several of them are taking resort from new techniques. New market research is evolving as a completely new concept of analyzing and evaluating the marketplace. Latest technological advancements and general socioeconomic changes have created a huge hope for development and innovation in the field of industry...