Bus Duct Market Surges Towards $16.60 Billion by 2029, Fueled by Industrial Demand
The bus duct market is expected to increase at a compound annual growth rate of 5.2% from USD 12.91 billion in 2024 to USD 16.60 billion by 2029. Growth in the market will be driven by investments in infrastructure development, urbanization, and the modernization of electrical grids, which will continue to rise in regions with high growth, particularly Asia-Pacific. Increasing energy efficiency requirements...
Offsite Data Center Power Infrastructure Industry: Exploring the Opportunities and Growth Drivers
The global offsite data center power infrastructure industry is projected to reach USD 35.4 billion by 2030, showing a growth from the estimated USD 13.4 billion in 2024, with a compound annual growth rate (CAGR) of 17.6% from 2024 to 2030. Various new revenue pockets within the global offsite data center power infrastructure market are emerging as a result of several changing trends and demand determinants....
Power SCADA Market worth $2.9 Billion by 2028
The global Power SCADA Market is expected to grow from an estimated USD 2.1 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 7.1% during the 2023–2028 period according to a new report by MarketsandMarkets™. Key to this growth is the increasing emphasis on the modernization and digitization of power infrastructure. Acknowledging the crucial role of SCADA systems,...
Variable Frequency Drive Market Analysis 2023: A Deep Dive into Trends, Key Players, and Future Trajectory
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors can be...