Surge Arrester Market worth $1.9 Billion by 2025
The global Surge Arrester Market size is expected to grow from an estimated USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus of on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well...
Oil Immersed Power Transformer Market worth $28.3 Billion by 2028
The global Oil Immersed Power Transformer Market is expected to reach USD 28.3 billion by 2028 from USD 21.2 billion in 2023 at a CAGR of 6.0% during the 2023–2028 period according to a new report by MarketsandMarkets™. This robust growth is attributed to the anticipated reinforcement of power distribution infrastructure, responding to the escalating global demand for electricity. Additionally,...
Switchgear Monitoring System Market worth $2.7 Billion by 2028
The global Switchgear Monitoring System Market is expected to reach USD 2.7 billion by 2028 from USD 1.8 billion in 2023 at a CAGR of 8.4% during the 2023–2028 period according to a new report by MarketsandMarkets™. The demand to secure electrical distribution systems is the need for the continuous monitoring of switchgear, and growing investments in renewable energy offer high-growth opportunities...
Transformer Oil Market Size, Share, Growth, Analysis & Global Forecast to 2030
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,...
Air Circuit Breaker Market worth $4.1 Billion by 2028
The global Air Circuit Breaker Market is expected to reach USD 4.1 billion by 2028 from USD 3.2 billion in 2023 at a CAGR of 5.0% during the 2023–2028 period according to a new report by MarketsandMarkets™. Key growth catalysts include rising investments in smart grid technologies aimed at safeguarding and managing power equipment, along with the replacement of aging infrastructure....
Transformer Oil Market Projected to Reach $3.0 Billion by 2030
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...
Dry Type Transformer Market worth $9.2 Billion by 2028
The global Dry Type Transformer Market is expected to grow from an estimated USD 6.6 billion in 2023 to USD 9.2 billion by 2028, at a CAGR of 6.8% according to a new report by MarketsandMarkets™. Countries across the globe continue to invest in upgrading and expanding their electrical grids to meet the rising energy demand and integrate renewable energy sources. Surging demand for energy efficient...
Smart Grid Market Expected to Reach $103.4 Billion by 2026
The global Smart Grid Market size is projected to reach USD 103.4 billion by 2026 from USD 43.1 billion in 2021 at a CAGR of 19.1% during the forecast period. Smart grid technology enables the transition from a traditional energy distribution network to an intelligent electricity grid that allows two-way communication between the utility and its customers. The smart electric grid uses digital communication...
Transformer Oil Market worth $3.0 Billion by 2030
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...
Protective Relay Market worth $2.7 Billion by 2025
The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and...