Thermal Energy Storage Market Likely to Boost Future Growth by 2025
The global Thermal
Energy Storage Market size is projected to reach USD 369 million by 2025,
at a CAGR of 14.4%, from an estimated USD 188 million in 2020. The growth of
the thermal energy storage market is majorly driven by increasing demand for
energy storage technologies, rising number of CSP projects, and increasing HVAC
applications.
Thermal energy storage in concentrating
solar power (CSP)...
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...
Solid Oxide Fuel Cell Market 2022: Development, Growth, Key Factors And Forecast To 2027
New Revenue Pockets:
The solid oxide fuel cell market size will grow to USD 6.5 billion by 2027 from USD 1.5 billion in 2022, at a CAGR of 33.9 % during the forecast period. The global solid oxide fuel cell market is driven by the Government subsidies and increased R&D on fuel cell programs; fuel flexibility and increasing demand for energy-efficient power generation and stringent emission...
Energy as a Service Market Outlook and Evolving Industry Trends
The global Energy as a Service Market is projected to grow from USD 52.0 billion in 2019 to reach USD 86.9 billion by 2024, at a CAGR of 10.8% during the forecast period. The growth of energy as a service market is driven by the new revenue generating streams for utilities, increased distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability...
Smart Grid Market to Show Robust Growth in Near Future
The global smart
grid market is expected to grow from an estimated USD 43.1 billion in 2021
to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. Modernization
of aging grid infrastructure is one the primary factors driving market growth.
Moreover, the government across the world is encouraging the investments in
smart grids.
Smart grid technology enables the
transition from...
Environmental Technology Market Likely to Boost Future Growth by 2026
The global Environmental Technology
Market is estimated at USD 552.1 billion in 2021 and is projected to
reach USD 690.3 billion by 2026, at a CAGR of 4.6% during the forecast period.
Increase in demand from different verticals and a stringent government
regulation is one of the major factors contributing to the high growth of the environmental
technology market.
Based on technological solutions,...
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...
Offshore Wind Market to Witness Massive Growth by 2026
The global Offshore
Wind Market is expected to grow from an estimated USD 31.8 billion in 2021
to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. Offshore
wind is a crucial pillar in energy mix together with onshore wind for regions
such as Europe, Asia Pacific, and North America to achieve their goals
pertaining to climate neutrality. Offshore wind turbines are increasingly...
Huawei Technologies (China) and Sungrow Power Supply (China) are Leading Players in the Inverter Market
Inverters are power devices that convert DC power to usable AC power. This conversion is carried out with the help of transformers, switching circuits, and control circuits. Inverters deliver AC voltage from DC power sources. This AC voltage is useful for operating electronic and electrical equipment, which are rated for the AC mains voltage.
The global inverter market is projected to grow...
Pressure Vessel Market Size to Reach $59.5 Billion by 2027
According to the new market research report
“Pressure
Vessel Market by Type (Boiler, Reactor, Separator), Material, Heat
Source (Fired Pressure Vessel and Unfired Pressure Vessel), Application
(Storage Vessels and Processing Vessels), End-User and Region – Global Forecast
to 2027″, published by MarketsandMarkets™, The global pressure vessel
market is expected to grow from USD 47.1...