Power Factor Correction Market Accelerates Toward $3.3 Billion on Efficiency and Regulatory Winds
A surge in global energy efficiency initiatives, rising focus on electricity cost reduction, and strict environmental regulations are set to propel the power factor correction (PFC) market to new heights. Industries worldwide are rapidly deploying PFC solutions to modernize infrastructure, trim energy bills, and meet evolving compliance standards, making power factor correction a foundational element...
Power Transformer Market 2025: Trends Shaping the Future of Energy Distribution
The global Power Transformer Market is projected to grow from estimated USD 30.38 billion in 2025 to USD 41.62 billion by 2030, at a CAGR of 6.5% during the forecast period. The growth of the Power Transformer Market is largely driven by the increasing need to reinforce power distribution and transmission infrastructure in response to the rising global demand for electricity. Additionally, the market...
Transformer Market Size to Grow $88.48 billion by 2030
According to a research report “Transformer Market by Type (Power Transformer, Distribution Transformer, Instrument Transformer and Specialty Transformer), Coooling Type (Oil-cooled and Air-cooled), Power Rating (Low, Medium, High), Phase (Three and Single), Insulation (Oil, Solid, Air, Gas), End User (Power Utilities, Industrial, Residential & Commercial, Data Centers, and Other End Users),...
North American Air Circuit Breaker Market Size to Reach $1.08 billion by 2030
The North American Air Circuit Breaker Market is projected to grow from estimated USD 0.82 billion in 2025 to USD 1.08 billion by 2030, at a CAGR of 5.7% during the forecast period. The North American Air Circuit Breaker (ACB) Market is likely to continue experiencing steady growth up to 2030, driven by growing investments in grid modernization, industrial automation, and renewable energy infrastructure...
Energy as a Service: A Game Changer For Energy Industry
What is Energy as a Service market?
Energy as a Service (EaaS) is the process in which customers pay for energy services by means of subscription or pay-per-use, rather than installing a large piece of energy infrastructure. This in effect provides businesses and consumers access to energy solutions like renewable energy generation, energy efficiency upgrades, and energy management systems without...
New Report: Challenges and Opportunities in the Surge Protection Devices Market
According to new report, The global surge protection devices market is estimated to be valued at USD 2.98 billion in 2025 and is projected to reach USD 3.95 billion by 2030, growing at a CAGR of 5.8% during the forecast period.
The surge protection devices market is expected to grow significantly due to the rising adoption of sensitive electronic equipment and the increasing occurrence of power...
Powering the Future: Trends Driving the Switchgear Monitoring System Market in North America
The global Switchgear Monitoring System Market is projected to reach USD 2.7 billion by 2028 from an estimated USD 1.8 billion in 2023, at a CAGR of 8.4% during the forecast period. 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 for the market.
Gas Insulated...
Power Factor Correction Market Set to Reach $3.3 billion by 2030
The power factor correction market is booming! Projections show it reaching a substantial USD 3.3 billion by 2030, a significant jump from USD 2.4 billion in 2024. This represents a compound annual growth rate (CAGR) of 5.5%, indicating strong and steady expansion.
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What’s Driving This Growth?
Several...
Energy as a Service Market Size, Share, Trends & Analysis Report, 2030
The global Energy as a Service Market is anticipated to grow from estimated USD 51.88 billion in 2024 to USD 100.34 billion by 2030, at a CAGR of 11.6% during the forecast period. Major forces driving the Energy as a Service Market include the increased need for energy efficiency, surging energy prices, and global trends toward carbon neutrality and sustainability. Business houses are adopting...
Nuclear Power Market Share Expected to Reach $44.71 billion by 2029
The global Nuclear Power Market Share is expected to grow from estimated USD 38.84 billion in 2024 to USD 44.71 billion by 2029, at a CAGR of 2.9% during the forecast period. The major factors driving the market growth of the nuclear power market include various driving factors such as many governments view nuclear power as a strategic constituent of their energy policy, and provide subsidies,...