Smart Transformers Market to Gain Traction; Growth of the Electric Vehicle Market and the Allied Infrastructure to Boost Market Growth
Latest Research ‘ The global Smart Transformers Market is expected to grow from an estimated USD 1.47 Billion in 2017 to USD 2.43 Billion by 2022, registering a CAGR of 10.54%, from 2017 to 2022.’
The global market is set to witness a significant growth due to increasing emphasis on alternative energy production across the globe, digitalization of power utilities, and huge investments...
At CAGR of 6.9%, Transformer Oil Market to Generate $3.0 Billion by 2025
The global transformer
oil market is projected to reach USD 3.0 billion by 2025 from an estimated
market size of USD 2.2 billion in 2020, at a CAGR of 6.9% during the forecast
period. The factors driving the growth for transformer oil are the upgradation
of electric grids in developing countries along with the expansion of electric
grids due to growing industrialization and urbanization.
The
transformer...
Shore Power Market Worth $1.4 Billion by 2025
The global Shore
Power Market is projected to reach USD 1.4 billion by 2025 from USD 1.1
billion in 2020, at a CAGR of 6.7%. The factors driving the growth of the Shore
Power Market are the growing focus on reducing air and noise pollution from
porting activities and increasing sea trade and cruise tourism.
Shoreside installation is expected to be largest
market during forecast period
The market...
Motor Control Centers Market Foresees Considerable Growth in the Near Future
Motor control center (MCC) is an assembly of motor starters and controllers with centralized hubs, consisting motor control units, which share a common power bus. It consists of components like soft starters, feeders, transformers, adjustable, frequency drives, overload relays, circuit breakers, and panel boards among others. An MCC is designed for controlling the motors from a central location for...