Offshore Wind Market to Witness Massive Growth by 2026

Offshore Wind Market
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...

Power Grid System Market in Subsea to Hit $14.8 billion in 2027

Power Grid System Market in Subsea
According to the new market research report “Power Grid System Market in Subsea by Component (Cables, Variable Speed Drives, Transformers, Switchgears), Application (Captive Generation, Wind Power), Depth (Shallow Water and Deepwater) and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the Power Grid System Market in Subsea is expected to grow from an estimated...

Electrical Digital Twin Market to Hit $1.3 Billion by 2026

Electrical Digital Twin Market
According to the new market research report “Electrical Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment Type (Cloud, On-Premises), End User, Application, and Geography – Global Forecast to 2026″, published by MarketsandMarkets™, The Electrical Digital Twin Market size will grow to  USD...

Electrical Digital Twin Market to Reach $1.3 Billion by 2026

Electrical Digital Twin Market
According to the new market research report “Electrical Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment Type (Cloud, On-Premises), End User, Application, and Geography – Global Forecast to 2026″, published by MarketsandMarkets™, The Electrical Digital Twin Market size will grow to  USD...

Offshore Wind Market will surge to $56.8 Billion by 2026

Offshore Wind Market
According to the new market research report “Offshore Wind Market by Component (Turbines (Nacelle, Rotors & Blades, Tower), Substructure, Electrical Infrastructure), Location (Shallow Water, Transitional Water, & Deepwater) and Region (North America, Asia Pacific, & Europe) – Global forecast to 2026“, published by MarketsandMarkets™, the global offshore wind market...

Concentrating Solar Power Market to Reach $7.6 billion by 2025; Integration of CSP in Hybrid Power Plants to Augment Growth

Concentrating Solar Power Market
According to the new market research report “Concentrating Solar Power Market by Technology (Power Towers, Concentrating Systems, Stirling Dish), Operation (Stand-alone, Storage), Capacity (Less than 50MW, 50-99MW, 100MW&Above), End-User (Utilities, EOR & Others) and Region – Global Forecast to 2025″, size is expected to grow from an estimated USD 3.5 billion in 2020...

At CAGR of 27.1%, Renewable Drones Market to Hit $148 Million by 2025

Renewable Drones Market
The global Renewable Drones Market is projected to reach a size of USD 148 million by 2025, at a CAGR of 27.1%, from an estimated USD 45 million in 2020. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors for the renewable drones market, globally. Technological developments software for drone data analytics, and rapid development of...

Environmental Technology Market Projected to Hit $690.3 Billion by 2026

Environmental Technology Market
According to the new market research report “Environmental Technology Market by Component (Solutions, Services), Technological Solutions (Waste Valorization, Greentech, Nuclear Energy, Bioremediation), Application, Vertical (Municipal, Industrial), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the  Environmental Technology Market is estimated at USD...

Industrial Gearbox Market expected to reach $31.90 Billion by 2023

Industrial Gearbox Market
The global Industrial Gearbox Market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023.  Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. The increasing automation in manufacturing technology is facilitating the growth of the industrial...

Renewable Drones Market to Grow $148 Million by 2025

Renewable Drones Market
The global Renewable Drones Market size will grow to USD 148 million by 2025 (forecast year) from USD 45 million in 2020 (estimated year), at a CAGR of 27.1% during 2020-2025. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors for the Renewable Drones Market, globally. Increasing adoption of drones for reducing cost of inspection operation...