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...
Rising Industrialization and Sustainability: Why the Global Industrial Control Transformer Market is Growing
New
Revenue Pockets:
The global industrial control transformer market is projected to reach USD 1.2 billion by 2027 from an estimated USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. The global industrial control transformer market is primarily being driven by increasing energy consumption and increasing usage of industrial control transformer across major industries. The...
Transformer Oil Market Likely to Boost Future Growth by 2030
The global Transformer Oil Market
size is expected to grow from an estimated USD 1.9 billion in 2021 to USD 3.3
billion by 2030, at a CAGR of 6.5%. The expansion of electric grids in
developing countries and the modernization of the electric grids in the
developed economies are driving the Transformer Oil Market.
The transformer is expected to be the
largest contributor to the transformer oil market
The...
Shore Power Market Size to Reach $2.8 Billion by 2027
According to the new market research report
“Shore
Power Market by Installation (Shoreside, Shipside), Connection (New
Installation, Retrofit), Component (Transformers, Frequency Converters, and
More), Power Output (Up to 30 MVA, 30 to 60 MVA, Above 60 MVA) and Region –
Global Forecast to 2027″, published by MarketsandMarkets™, the Shore
Power Market size will grow to USD 2.8 billion...
Transformer Oil Market to Grow $3.3 Billion by 2030 | Nynas AB, Ergon, Inc., PetroChina Company Limited, APAR Industries, and Sinopec Lubricant Company.
According to the new market research report
“Transformer Oil Market by Oil Type (Mineral (Naphthenic,
Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear,
Reactor), End User (Transmission & Distribution, Power Generation, Railways
& Metros), and Region – Global Forecast to 2030 “, published by MarketsandMarkets™, the global Transformer
Oil Market size...
Smart Transformers Market to Gain Traction; Growth of the Electric Vehicle Market and the Allied Infrastructure to Boost Market Growth
Latest Research ‘ The global Smart Transformers Market is expected to grow from an estimated USD 1.47 Billion in 2017 to USD 2.43 Billion by 2022, registering a CAGR of 10.54%, from 2017 to 2022.’
The global market is set to witness a significant growth due to increasing emphasis on alternative energy production across the globe, digitalization of power utilities, and huge investments...
At CAGR of 6.9%, Transformer Oil Market to Generate $3.0 Billion by 2025
The global transformer
oil market is projected to reach USD 3.0 billion by 2025 from an estimated
market size of USD 2.2 billion in 2020, at a CAGR of 6.9% during the forecast
period. The factors driving the growth for transformer oil are the upgradation
of electric grids in developing countries along with the expansion of electric
grids due to growing industrialization and urbanization.
The
transformer...
Shore Power Market Worth $1.4 Billion by 2025
The global Shore
Power Market is projected to reach USD 1.4 billion by 2025 from USD 1.1
billion in 2020, at a CAGR of 6.7%. The factors driving the growth of the Shore
Power Market are the growing focus on reducing air and noise pollution from
porting activities and increasing sea trade and cruise tourism.
Shoreside installation is expected to be largest
market during forecast period
The market...
Motor Control Centers Market Foresees Considerable Growth in the Near Future
Motor control center (MCC) is an assembly of motor starters and controllers with centralized hubs, consisting motor control units, which share a common power bus. It consists of components like soft starters, feeders, transformers, adjustable, frequency drives, overload relays, circuit breakers, and panel boards among others. An MCC is designed for controlling the motors from a central location for...