Large-scale Natural Refrigerant Heat Pump Market Size Expected to Nearly Double by 2028
The global large-scale natural refrigerant heat pump market is projected to reach USD 9.1 billion by 2027 from an estimated market size of USD 5.8 billion in 2022, at a CAGR of 9.4% during the forecast period. Increasing visibility of contribution of heat pump technology in reducing carbon footprint and growing focus on improving operational efficiency in industrial sector are the key factors driving...
Exploring the Opportunities in the Generator Market
The generator market has been experiencing significant growth in recent years, and this trend is expected to continue in the coming decade. According to market research, the generator market size was valued at $23.1 billion in 2023 and is projected to reach $34.5 billion by 2030. This represents a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.
One of the primary drivers of the generator...
Lithium Iron Phosphate Batteries Market: Everything You Need To Know By 2028
Global Lithium Iron Phosphate Batteries Market Scenario
The global lithium iron phosphate batteries market is projected to reach USD 35.5 billion by 2028 from an estimated USD 17.7 billion in 2023, at a CAGR of 14.9% during the forecast period. Factors such as increasing adoption of lithium iron phosphate batteries by EV manufacturers are driving the growth of the lithium iron phosphate batteries...
Electrolyzers Market worth $57.2 Billion by 2030
The global Electrolyzers Market is expected to reach USD 57.2 billion by 2030 from USD 0.5 billion in 2023 at a CAGR of 97.7% during the 2023–2030 period according to a new report by MarketsandMarkets™. The growing demand for cleaner fuels is one of the major factors driving the Electrolyzers Market. Global electrolyzers demand has been increasing gradually due to goals set to achieve...
Hydraulic Fracturing Market Likely to Boost Future Growth by 2028
Global Hydraulic Fracturing Market Overview
The global hydraulic fracturing market is projected to reach USD 74.4 billion by 2028 from an estimated USD 52.1 billion in 2023, at a CAGR of 7.4% during the forecast period. Factors such as the growing demand for hydraulic fracturing technology with increasing requirements for energy are driving the growth of the hydraulic fracturing market.
Key...
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...
Blower Market May Reach to $4.6 Billion by 2028 at a CAGR of 4.8%
New Revenue Pockets:
The global blower market is projected to reach USD 4.6 billion by 2028 from an estimated USD 3.7 billion in 2023, at a CAGR of 4.8% during the forecast period. The market for blowers is propelled by factors such as rising industrialization, stringent environmental norms mandating efficient air and gas handling, and a surge in infrastructure projects. These dynamics foster increased...
Transformer Monitoring Market worth $3.7 Billion by 2028
The global Transformer Monitoring Market is expected to grow from an estimated USD 2.4 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 9.1% during the 2023–2028 period according to a new report by MarketsandMarkets™. Transformer monitoring is critical for guaranteeing power transformer reliability and performance. It enables real-time monitoring of critical factors like temperature, oil...
Solar Encapsulation Market is Expected to Reach $7.2 Billion by 2028, Growing at a CAGR of 8.0%
New Revenue Pockets:
The global solar encapsulation market is projected to reach USD 7.2 billion by 2028 from an estimated USD 4.9 billion in 2023, at a CAGR of 8.0% during the forecast period. The growing use of electronic devices in emergency, off-grid, and automotive applications will benefit the solar encapsulation generator business. This report segments the solar encapsulation market based...
Marine VFD Market 2023 New Report Size, Trends, Share, Growth Forecast By 2030
New Revenue Pockets:
The Marine VFD market is projected to reach USD 1.6 billion by 2030 from an estimated USD 1.1 billion in 2023, at a CAGR of 5.0% during the forecast period. Marine VFDs are primarily used in marine ships and offshore platforms to control the speed and power of electric motors including vessel propulsion, offshore drilling rigs, offshore wind turbines, crane and hoist systems...