Utility Communication Market worth $26.1 Billion by 2027
The
global Utility Communication Market is projected to grow from USD 20.2 billion in 2022 to USD 26.1 billion
by 2027, at a CAGR of 5.3% according to a new report by MarketsandMarkets™. The Utility Communication Market has promising growth. Growing
investment in smart grids; the need for improving grid reliability and
operating efficiency and reducing outage length; rising technological
advancements...
Switchgear Monitoring System Market Surge to $2.1 Billion by 2025
The global Switchgear Monitoring System Market size is expected to grow from an estimated USD 1.3 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 9.7%, during the forecast period. The demand for safe and secure electrical distribution systems, the need for the continuous monitoring of switchgear, the revival of investments in the construction sector, and growing investments in renewable...
Smart Grid Market Size to Reach $103.4 Billion by 2026
The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. The modernization of aging grid infrastructure is one of the primary factors driving the smart grid market growth. Moreover, the government across the world is encouraging investments in smart grids.
Smart grid technology...
Surge Arrester Market Expected to Reach $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 as in
electrification...
Electric Insulator Market Expected to Grow $13.34 Billion by 2023
The global electric
insulator market is expected to grow from an estimated USD 10.17 billion in
2018 to USD 13.34 billion by 2023, at a CAGR of 5.58%. In 2018, the market in
Asia Pacific is estimated to be the largest, followed by North America. Factors
such as increasing investments in T&D networks, refurbishment of existing
grid networks, and growing adoption of renewable energy sources are...
Load Break Switch Market Size to Reach $3.12 Billion by 2023
The global load
break switch market is expected to grow from an estimated market size of
USD 2.23 Billion in 2018 to USD 3.12 Billion by 2023, at a CAGR of 6.16%,
during the forecast period. The global load break switch market is set to
witness significant growth due to the refurbishment of aging infrastructure,
increasing investment in the power distribution sector, and focus on renewable
power generation....
Synchronous Condenser Market worth $811 Million by 2030
The global Synchronous Condenser Market is
projected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a
CAGR of 2.6% according to a new report by MarketsandMarkets™. Synchronous
condensers ensure a stable supply to the transmission grid. They can also
supply and absorb reactive power and deliver voltage support and dynamic
regulation. In addition, many renewable resources are...
Smart Grid Market to Show Robust Growth in Near Future
The global smart
grid market is expected to grow from an estimated USD 43.1 billion in 2021
to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. Modernization
of aging grid infrastructure is one the primary factors driving market growth.
Moreover, the government across the world is encouraging the investments in
smart grids.
Smart grid technology enables the
transition from...
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...
Digital Utility Market to exceed $244.31 Billion by 2022
The global digital
utility market is expected to grow from an estimated $135.16 billion
in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The
North America is currently the largest market for digital utility, closely
followed by the Europe and Asia-Pacific market. However, by 2022, the market in
Asia-Pacific is projected to gain the largest share. The Digital utility...