AT CAGR of 54.9%, Green Ammonia Market to Hit $852 Million by 2030
The global Green
Ammonia Market is projected to reach USD 852 million by 2030 from an
estimated USD 11 million in 2020, at a CAGR of 54.9% during the forecast
period.. The rising investments in green fuel and large scale green energy
plans in Europe and North America, drives the green ammonia market in the
region. Moreover, increasing adoption of electric vehicles leads to renewable
energy deployment...
Digital Utility Market to Cross $244.31 Billion by 2022
The global digital
utility market is expected to grow from an estimated $135.16 billion
in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The
North America is currently the largest market for digital utility, closely
followed by the Europe and Asia-Pacific market. However, by 2022, the market in
Asia-Pacific is projected to gain the largest share. The Digital utility...
Gear Motors Market May Set New Growth Story – Future Demands & Emerging Trends
Global Gear Motors Market Overview:
The increasing demand for power transmission equipment in industries, growing concerns regarding efficient power transmission, and increasing infrastructural development in developing regions are driving the global market for gear motors. Factors driving the gear motors market include increasing wind power installations, the minimal cost and compact nature...
Distributed Generation Market to exceed $103.38 Billion by 2022
The global distributed
generation market is expected to grow from an estimated USD 60.04 Billion
in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be
attributed to the increased global demand for electricity, decreasing costs of
solar technology, and rising efforts to reduce global greenhouse gas emissions.
The growing demands for electric power accompanied with regulatory...
Motor Monitoring Market: Opportunities and Challenges
Global Motor Monitoring Market Scenario:
The motor monitoring market is expected to grow from USD 1.6 billion in 2018 to USD 2.3 billion by 2023, at a CAGR of 7.4% during the forecast period. Major factors driving the market growth are the growing prominence of predictive maintenance and increasing need to minimize revenue loss caused by motor faults.
Motor monitoring is one of the aspects...
Turbine Control System Market to See Stunning Growth with GE, Siemens, ABB, Emerson
Global Turbine Control System Market Overview
The turbine control system market is expected to grow from an estimated USD 15.13 Billion in 2018 to USD 19.00 Billion by 2023, registering a CAGR of 4.66% during the forecast period. This growth is primarily due to the increasing emphasis on growth of wind power generation, and increase in operational productivity of the turbines, in turn improving...
Gas Engines Market Booming Worldwide with Caterpillar, Wärtsilä, Man SE, Cummins, and Rolls-Royce.
The global gas engines market size is projected to reach USD 5.3 billion by 2024, from an estimated USD 4.0 billion in 2019, at a CAGR of 5.7% during the forecast period. The increasing demand for clean and renewable power generation and implementation of stricter emission regulations across the globe are major drivers for the gas engines market.
The gas engines market is dominated by a few major
players...
What do you see as ‘Hydrogen Generation’s’ ultimate role in our energy future?
Increased focus
on hydrogen based economy for applications such as power generation or fueling
cars and buses, that during combustion can cause less carbon emissions. This
has led to increased investments in the enhancement of strong hydrogen-based
economy. Furthermore, the hydrogen generation market is driven by the increased
government regulations for desulphurization and gren house gas emissions.
The...
Gas-insulated Switchgear Market is Booming Worldwide with ABB, Schneider Electric, Siemens, Eaton, and General Electric.
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...
Pressure Vessel Market expected to Grow $53.3 Billion by 2025
The global pressure vessel market is projected to reach USD 53.3 billion by 2025 from an estimated USD 42.7 billion in 2020, at a CAGR of 4.5% during the forecast period. The growing adoption of supercritical and ultra-super critical power generation technology and the rise in the construction of refineries and chemical plants in the Asia Pacific and Middle East regions are expected to drive the market....