Pad-Mounted Switchgear Market worth $7.1 Billion by 2028
The global Pad-Mounted Switchgear Market is projected to reach USD 7.1 billion in 2028 from USD 5.6 billion in 2023 at a CAGR of 5.1% according to a new report by MarketsandMarkets™. Pad-mounted switchgear systems provide easy access to cable connections and operating apparatus, while vault switchgear can be wall- or floor-mounted for underground installations with flexibility to the direction...
Power Plant Boiler Market worth $22.8 Billion by 2025
The global Power Plant Boiler Market size is expected to grow from an estimated USD 18.1 billion in 2020 to USD 22.8 billion by 2025, at a CAGR of 4.8%, during the forecast period. Increasing demand for electricity and growing focus on clean fossil fuels such as natural gas, which helps reduce greenhouse gas emissions, are the key factors driving the power plant boiler market. Power plant...
Meter Data Management System Market to Exceed $428 Million by 2023
The global Meter Data Management System Market is expected to grow from USD 169 million in 2018 to USD 428 million by 2023, at a CAGR of 20.48% during the forecast period. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and the need for accurate utility bill generation.
Europe is projected to be the second largest...
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...
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...
Gas-insulated Switchgear Market to Witness Revolutionary Growth by 2025
The global gas-insulated
switchgear market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The growing investments in renewable
energy and government initiatives to reduce carbon emissions is likely to drive
the market for gas-insulated switchgear market globally. Also, the expansion of
electrical grids due to the growing industrialization and urbanization...
Meter Data Management System Market to See Huge Growth by 2023
The global Meter Data Management System Market is projected to reach $428 million by 2023 from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and need for accurate utility bill generation.
Europe is projected to be the second largest region, with...
Power Plant Boiler Market Size to Reach $22.8 Billion by 2025
The global Power
Plant Boiler Market size is expected to grow from an estimated USD 18.1
billion in 2020 to USD 22.8 billion by 2025, at a CAGR of 4.8%, during the
forecast period. Increasing demand for electricity and growing focus on clean
fossil fuels such as natural gas, which helps reduce greenhouse gas emissions,
are the key factors driving the power plant boiler market. Power plant boilers
use...
Silent Generator Market expected to Grow $4.1 Billion by 2027
According to the new market research report
“Silent
Generator Market by Sound Level (Super Silent, Silent), Fuel
(Diesel, Natural Gas), Power Rating (Up to 25 kVA, 25-49 kVA, 50-99 MW, 100-499
kVA, & Above 500 kVA), Phase, Type, Application, End-User Industry and
Region – Global Forecast to 2027″, published by MarketsandMarkets™, the
Silent Generator Market size will grow to...