Global Superconducting Wire Market Outlook: Profit Paths to Diverge

Superconducting Wire Market Size, Share and Industry Analysis The global superconducting wire market is projected to reach USD 1.7 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 9.2% during the forecast period. Factors such as increased research and development (R&D) in medical and transportation sectors, and increasing research investments for superconducting wires...

Green Ammonia Market worth $17.9 Billion by 2030

Green Ammonia Market
The global Green Ammonia Market is expected to grow from an estimated USD 0.3 billion in 2023 to USD 17.9 billion by 2030, at a CAGR of 72.9% according to a new report by MarketsandMarkets™. Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by generating energy from solar/wind/hydropower, which is then fed into an electrolyzer. It...

Pad-Mounted Switchgear Market worth $7.1 Billion by 2028

Pad–Mounted Switchgear Market
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...

Small Modular Reactor Market Growth to Surge Owing to Increasing Adoption by End-use Applications

Global Small Modular Reactor Market Overview The small modular reactor market is estimated to be USD 5.8 billion in 2023 to USD 6.8 billion by 2030, at a CAGR of 2.3% during the forecast period. The factors that drive the market growth include versatile nature of nuclear power and modularization of SMRs. SMRs offer the potential for improved economics. Their smaller scale and standardized designs...

Smart Meter Market Size to Grow $36.3 Billion by 2028

Smart Meter Market
The global Smart Meter Market is expected to grow from an estimated USD 23.1 billion in 2023 to USD 36.3 billion by 2028, at a CAGR of 9.4% during the forecast period. The smart meters are able to communicate with the utility company in real time, allowing for accurate and up-to-date energy usage data. This can help the utility company better manage its power grid and detect and respond...

Hydrogen Energy Storage Market Size & Share Poised for Growth by 2028

Global Hydrogen Energy Storage Market Overview The global hydrogen energy storage market is projected to reach USD 196.8 billion by 2028 from an estimated USD 11.4 billion in 2023, at a CAGR of 76.8% during the forecast period. Increasing global efforts to reduce greenhouse gas emissions and combat climate change play a pivotal role. Governments and organizations are incentivizing the transition...

Carbon Offset/Carbon Credit Market worth $1602.7 Billion by 2028

Carbon Offset/Carbon Credit Market
The global Carbon Offset/Carbon Credit Market is expected to grow from an estimated USD 414.8 billion in 2023 to USD 1,602.7 billion by 2028, at a CAGR of 31.0% during the forecast period. The Carbon Offset/Carbon Credit Market growth has been attributed to rising global warming and the need to remove carbon from the atmosphere. The market is driven by factors such as growing compliance...

Portable Power Station Market worth $1.1 Billion by 2028

Portable Power Station Market
The global Portable Power Station Market is projected to reach USD 1.1 billion in 2028 from USD 0.5 billion in 2023 at a CAGR of 18.4% according to a new report by MarketsandMarkets™.  Portable power stations are portable and compact devices that function as independent power sources. Their purpose is to store electrical energy obtained from diverse sources such as solar panels, wall outlets,...

Hybrid Power Solutions Market to Flourish with an Impressive CAGR during 2023-2028

Global Hybrid Power Solutions Market Overview The global hybrid power solutions market is projected to reach USD 4.0 billion by 2028 from an estimated USD 2.4 billion in 2023, at a CAGR of 10.4% during the forecast period. Factors such as the need of sustainable energy solution and energy security are driving the market. The hybrid power solutions market is served by a mix of large international...

Switchgear Market Size, Share, Trends and Future Growth Predictions till 2028

New Revenue Pockets:  The global switchgear market is projected to reach USD 119.9 billion by 2028, showing a growth from the estimated USD 93.1 billion in 2023, with a compound annual growth rate (CAGR) of 5.2% from 2023 to 2028. The switchgear market is expected to grow due to enhanced power distribution infrastructure, increased renewable energy capacity, and industrial production investments....