Distribution Boards Market to exceed $5.91 Billion by 2021
The global distribution
boards market is expected to grow from an estimated $4.33 billion in 2016
to $5.91 billion by 2021, growing at a CAGR of 6.4% from 2016 to 2021. The
market growth is driven by factors such as the growing need to protect
electrical components and networks, increasing global electricity demand,
increasing power generation, and increasing upgradation of transmission &
distribution...
Air Insulated Switchgear Market to exceed $8.41 Billion by 2022
The global air
insulated switchgear market is projected to grow at a CAGR of 4.68% from
2017 to 2022. In 2016, Asia-Pacific is estimated to be the largest market for
air insulated switchgear, followed by the Europe, and North America. This trend
is expected to continue till 2022. The growth of the air insulated switchgear
market is driven by increasing expenditure by the utilities in the transmission
&...
Floating LNG Power Vessel Market Size to Reach $931.6 Million by 2023
The global floating
LNG power vessel market is expected to grow from an estimated $860.1
million in 2018 to $931.6 million by 2023. In 2018, the Asia Pacific market is
estimated to be the largest, followed by the Middle East & Africa. Factors
such as growing population, industrialization and increasing urban business
activities, and an increase in the demand for power generation are expected to
drive...
Boiler Control Market Size to Reach $2.42 Billion by 2023
The global boiler
control market is estimated to reach a market size of $1.80 billion in 2018
and is projected to reach $2.42 billion, at a CAGR of 6.09%, from 2018 to 2023.
The boiler control market is set to witness significant growth due to the
rising demand from the power generation industry, increased demand for energy
efficiency equipment to control steam pressure, need for boiler tuning to
adjust...
Smart Grid Market expected to Grow $103.4 Billion by 2026
According to the new market research report
“Smart
Grid Market by Component (Software, Hardware, Services), Application
(Generation, Transmission, Distribution, Consumption/End Use), Communication
Technology (Wireline, Wireless), and Region – Global Forecast to 2026″, published
by MarketsandMarkets™, the smart grid market size will grow to USD 103.4
billion by 2026 (forecast year)...
Solar Backsheet Market Size to Grow $2.40 Billion by 2023
The global solar
backsheet market is estimated to be USD 1.71 Billion in 2018 and is
projected to reach USD 2.40 Billion by 2023, growing at a CAGR of 7.02%, from
2018 to 2023. An increase in solar PV installation along with policy support
from governments for the adoption of renewable technologies would contribute to
the growth of the solar backsheet market. Asia Pacific would continue to be the
largest...
Electrical Bushings Market Estimated to Reach $2.96 Billion by 2023
The global electrical bushings market is projected to grow at a CAGR of 3.86%, from 2018 to
2023. In 2017, Asia Pacific was the largest market for electrical bushings,
followed by Europe and North America. The growth of the electrical
bushings market is mainly driven by rising electrical network expenditure and
the increasing demand for electrical equipment from end-users such as railways
and...
Electric Insulator Market expected to Grow $13.34 Billion by 2023
The global electric
insulator market is expected to grow from an estimated USD 10.17 billion in
2018 to USD 13.34 billion by 2023, at a CAGR of 5.58%. In 2018, the market in
Asia Pacific is estimated to be the largest, followed by North America. Factors
such as increasing investments in T&D networks, refurbishment of existing
grid networks, and growing adoption of renewable energy sources are...
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...
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...