Direct Air Capture Market Size to Reach $1,727 Million by 2030, at a 60.9% CAGR
The global Direct Air Capture Market size is projected to reach USD 1,727 million by 2030, from USD 62 million in 2023, at a CAGR of 60.9% according to a new report by MarketsandMarkets™. Direct Air Capture provides a pathway to offset emissions that cannot be entirely eliminated. Direct air capture technology is known for its unique technology which directly captures CO2 from the ambient air, which...
Floating Offshore Wind Market to Reach $25.40 billion by 2031
According to MarketsandMarkets, the global Floating Offshore Wind Market size is projected to grow from USD 3.16 billion in 2026 to USD 25.40 billion by 2031 at a compound annual growth rate (CAGR) of 51.7% during the forecast period.
This rapid expansion underscores the increasing viability of floating wind technology in unlocking deep-water wind resources that remain inaccessible to conventional...
Smart Meter Industry to Hit $46.14 billion by 2030
The global Smart Meter Industry is projected to grow from estimated USD 26.36 billion in 2024 to USD 46.14 billion by 2030, at a CAGR of 9.8% during the forecast period. Utilization of electric, gas and water smart meters transformed how utility operations are conducted. The advancement of smart meters combined with sensors and control systems and communication components lets utility systems operate...
Electrolyzers Industry is Powering the Global Hydrogen Economy
An electrolyzer is a device that uses electrical energy to split water into hydrogen and oxygen. When powered by renewable or nuclear energy, it enables the production of low-emission hydrogen. The hydrogen generated can be utilized across various applications, while the oxygen produced can be released, stored, or used in industrial and medical sectors. Electrolyzers are available in multiple capacities:...
Power Transformer Market Size, Share & Forecast 2030 | Industry Growth Analysis
The global power transformer market size is experiencing steady growth, fueled by increasing electricity demand, rapid urbanization, and the global transition toward renewable energy. Power transformer play a crucial role in transmitting electricity efficiently over long distances by stepping up or stepping down voltage levels. As countries invest heavily in modernizing aging grid infrastructure and...
Air Insulated Switchgear Market to Reach $85.9 Billion by 2029 | CAGR 5.0%
The global Air Insulated Switchgear Market size was valued at USD 67.3 billion in 2024 and is projected to reach USD 85.9 billion by 2029, growing at a CAGR of 5.0% from 2024 to 2029.
The air insulated switchgear market is poised for substantial growth during this period, primarily due to the development of power distribution infrastructure in response to the growing demand for electricity. Furthermore,...
Circuit Breaker Market Size to Hit $30.32 billion by 2030
The report “Circuit Breaker Market By Insulation Type (Vacuum, Air, Gas, Oil), Voltage (Low, Medium, High), Installation (Indoor, Outdoor), End User (T&D Utilities, Industrial, Commercial & Residential, Renewables, Railways, Other End Users), Region – Global Forecast to 2030” The global circuit breaker market is projected to grow from USD 22.70 billion in 2025 to reach...
5.9% CAGR: Midstream Oil & Gas Filtration Market Forecast to 2030
The global Midstream Oil & Gas Filtration Market size is projected to grow from USD 2.80 billion in 2025 to USD 3.73 billion by 2030 at a compound annual growth rate (CAGR) of 5.9% during the forecast period.
The growth of the Midstream Oil & Gas Filtration Market is driven by increasingly stringent environmental and safety regulations that require the effective removal of contaminants...
Power Rental Market Share to Grow $15.05 Bn by 2030 at 5.6% CAGR
The global Power Rental Market Share is projected to grow from USD 11.44 billion in 2025 to USD 15.05 billion by 2030 at a compound annual growth rate (CAGR) of 5.6% during the forecast period.
The power rental market share thrives due to its adaptability, reliability, and ability to address diverse energy needs across various sectors. The rising demand for power supply, increasing peak load management,...
Shore Power Market Booms 12% CAGR: From $2.03 Bn to $3.58 Bn by 2029 on Sustainability Push
The global Shore Power Industry is anticipated to grow from estimated USD 2.03 billion in 2024 to USD 3.58 billion by 2029, at a CAGR of 12.0% during the forecast period. This growth is mainly driven by a higher demand for renewals in the maritime sector in order to reduce carbon emissions from docked ships, and therefore stricter regulations by the government to protect the environment. Higher investments...