Biomethane Market worth $60.2 Billion by 2030
The global Biomethane Market is expected to grow from an estimated USD 10.3 billion in 2023 to USD 60.2 billion by 2030, at a CAGR of 28.7% according to a new report by MarketsandMarkets™. This anticipated expansion underscores the increasing prominence and adoption of biomethane as a renewable energy source. Several factors contribute to this robust growth trajectory, including heightened...
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...
E-fuels Market worth $49.4 Billion by 2030
The global E-fuels Market is estimated to grow from USD 6.2 billion in 2023 to USD 49.4 billion by 2030, at a CAGR of 34.5% according to a new report by MarketsandMarkets™. The potential for e-fuels to address carbon emissions and energy storage concerns is driving up demand for them. E-fuels, which are synthetic fuels made from renewable energy, provide a way to decarbonize...
Circuit Breaker Market Size, Share, Trends, Growth & Forecast
The global Circuit Breaker Market size is expected to grow from an estimated USD 6.5 billion in 2023 to USD 8.6 billion by 2028, at a CAGR of 5.5% during the forecast period. Key drivers for this growth include increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure. Additionally,...
Reed Relay Market May See a Big Move: ABB, Standex International Corporation, Siemens, Schneider
New Revenue Pockets:
The global reed relay market size is estimated to be USD 352 million in 2022 and is projected to reach USD 1,125 million by 2030, at a CAGR of 15.6% during the forecast period. The reed relay market is driven by the growth of increasing adoption of EVs. Reed relays are used in the batteries of EVs. According to International Energy Agency’s Tracking Clean Energy Progress...
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,...
Distribution Automation Market Sets New Record, Projected at $28.1 Billion By 2027 at 12.2% CAGR
The global distribution automation market is estimated to be valued at USD 15.8 billion in 2022 (estimated year) and is projected to reach USD 28.1 billion by 2027 (forecast year); growing at a CAGR of 12.2% during the forecast period.
The distribution automation market has promising growth potential due to the rising deployment of smart grid technologies and increasing demand for the electricity...
Biomass Gasification Market worth USD 45 Million by 2027
The global Biomass Gasification Market is projected to grow from USD 29 million in 2022 to USD 45 million by 2027, at a CAGR of 8.9% according to a new report by MarketsandMarkets™. The biomass gasification market size refers to the total market value of biomass gasification systems, which are used to transform biomass feedstocks such as wood chips, agricultural...
Blue Hydrogen Market worth USD 44.5 Billion by 2030
The global Blue Hydrogen Market is projected to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, at a CAGR of 11.9% according to a new report by MarketsandMarkets™. Hydrogen has long been recognized as a possible low-carbon transportation fuel. Blue hydrogen is primarily produced from natural gas using a process known as steam reforming, which combines...
Biorefinery Market Size to Reach $210.3 Billion by 2027
The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to a new report by MarketsandMarkets™. Increasing demand for biofuels to achieve net zero emissions are the primary driver for the global biorefinery market across the globe. Governments of various countries across the...