Transformer Monitoring Market worth $3.7 Billion by 2028

Transformer Monitoring Market
The global Transformer Monitoring Market is expected to grow from an estimated USD 2.4 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 9.1% during the 2023–2028 period according to a new report by MarketsandMarkets™. Transformer monitoring is critical for guaranteeing power transformer reliability and performance. It enables real-time monitoring of critical factors like temperature, oil...

Vacuum Contactor Market Trends & Opportunities with Forecast 2023-2028

New Revenue Pockets: The vacuum contactor market is anticipated to reach a value of USD 4.1 billion in 2023 and is expected to expand to USD 5.5 billion by 2028, exhibiting a CAGR of 6.1%. The market growth is propelled by the decreasing costs of lithium-ion batteries and significant government investments, which contribute to the market’s positive trajectory. The vacuum contactor market...

Shore Power Market Size worth $2.8 Billion by 2027

Shore Power Market
The global Shore Power Market size is expected to grow from an estimated USD 1.6 billion in 2022 to USD 2.8 billion by 2027, at a CAGR of 11.2% according to a new report by MarketsandMarkets™. Shore power, shore-to-ship power, or cold ironing is a technique of supplying electricity from the shore to ships to fulfill their power requirements for onboard electrical systems. This technique is...

Transformer Oil Market Size, Share, Growth, Analysis & Global Forecast to 2030

Transformer Oil Market Size, and Share
The global Transformer Oil Market size is projected to reach USD 3.0 billion in 2030 from USD 2.0 billion in 2023 at a CAGR of 5.9% according to a new report by MarketsandMarkets™.  Transformer oil is a special kind of oil that is primarily used in transformers to facilitate insulation and cooling. Transformer oil caters to the T&D, railways and metros, power generation,...

Transformer Oil Market Projected to Reach $3.0 Billion by 2030

Transformer Oil Market
The global Transformer Oil Market is projected to reach USD 3.0 billion in 2030 from USD 2.0 billion in 2023 at a CAGR of 5.9.  Transformer oil is a special kind of oil that is primarily used in transformers to facilitate insulation and cooling. Transformer oil caters to the T&D, railways and metros, power generation, industrial, and commercial end users. The most commonly used transformer...

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...

Transformer Oil Market worth $3.0 Billion by 2030

transformer oil market
The global Transformer Oil Market is projected to reach USD 3.0 billion in 2030 from USD 2.0 billion in 2023 at a CAGR of 5.9% according to a new report by MarketsandMarkets™.  Transformer oil is a special kind of oil that is primarily used in transformers to facilitate insulation and cooling. Transformer oil caters to the T&D, railways and metros, power generation, industrial, and commercial...

The Switchgear Market: A Growing Industry Driven by Increasing Demand for Power Distribution and Transmission

The switchgear market is a rapidly growing industry, driven by the increasing demand for power distribution and transmission infrastructure. According to a report by MarketsandMarkets, the switchgear market is expected to grow from $90.9 billion in 2022 to $120.1 billion by 2027, at a CAGR of 5.7% during the forecast period. Switchgear is a type of electrical equipment used in power systems to...

Industrial Control Transformer Market Surge Towards Solid Growth by 2027

The global industrial control transformer market size will grow to USD 1.2 billion by 2027 from USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. Rising energy consumption across industries, increasing usage of industrial control transformers in major industries, hence these are driving the demand of industrial control transformer globally. Moreover, growing manufacturing industry...

Power Grid System Market in Subsea to See Positive Growth with Digitalization and New Disruptive Technologies

New Revenue Pockets: The global power grid system market in subsea is projected to reach USD 14.8 billion by 2027 from an estimated USD 9.1 billion in 2022, at a CAGR of 10.2% during the forecast period. Favorable government policies for offshore renewable power production, especially using wind energy along with urgent need to reduce carbon emissions and improve grid reliability and efficiency...