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....
Gas Turbines Market to exceed $20.66 Billion by 2022
The global Gas
Turbines Market is expected to grow from an estimated $17.51 billion in
2017 to $20.66 billion by 2022, at a CAGR of 3.36%, from 2017 to 2022. The
shale gas boom in North America and decommissioning of nuclear plants in Europe
are likely to boost the demand for gas turbines in these regions. The demand
for gas turbines in the Middle East & Africa, Latin America, and Asia
Pacific...
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...
Power Rental Market Projected to Hit $11.7 Billion by 2025
The global Power Rental Market size is projected to reach USD 11.7 billion
by 2025 from an estimated value of USD 8.6 billion in 2020, at a CAGR of 6.3%.
Factors driving the growth of the demand for continuous power supply in oil
& gas and mining industries, growing need for electrification, as well as
the continuous power supply of rural areas. Aging power infrastructure and the
need...
Power Rental Market expected to grow $11.7 Billion by 2025
According to the new market research report “Power
Rental Market by Fuel (Diesel, Natural Gas), Power Rating,
Equipment, End User (Utilities, Oil & Gas, Events, Construction, Mining),
Application (Peak Shaving, Base Load, Standby), Rental Type (Retail, Project),
and Region – Global Forecasts to 2025″, published by
MarketsandMarkets™, the global Power Rental Market size is projected...
Power Plant Boiler Market to be $22.8 Billion by 2025
According to the new market research report “Power
Plant Boiler Market by Type (Pulverized Coal Towers, CFB, Others),
Capacity (<400 MW, 400–800 MW, ≥800 MW), Technology (Subcritical,
Supercritical, Ultra-supercritical), Fuel Type (Coal, Gas, Oil), and Region-
Global Forecast to 2025″, published by MarketsandMarkets™, the global Power
Plant Boiler Market size is expected to grow...
Smart Meters Market Size to reach $28.6 Billion by 2025
According to the new market research report “Smart
Meters Market, By Type (Electric, Gas, Water), By Communication Type
(RF, PLC, Cellular), By Component (Hardware, Software), By Technology (AMR,
AMI), By End-user (Residential, Commercial, Industrial), and Region – Global
Forecast To 2025″The global Smart Meters Market size is expected
to grow from estimated revenue of USD 20.7 billion...
Electrical Digital Twin Market to Witness A Massive Growth of 15.4% by 2024
The global electrical digital twin market
is projected to reach USD 1,642 million by 2024 from an estimated USD 804
million in 2019, at a CAGR of 15.4%. This growth can be attributed to the
improved accuracy and efficiency in power sector operations, streamlined
integration of renewable energy technologies, and reduced unplanned downtime
and maintenance cost.
The asset performance
management is...
Smart Transformers Market Is Expected to Grow Rapidly at a CAGR Value by 2022
Overview of Smart Transformers
Market:
Smart Transformers Market research
report describing the professional information and in-depth study on the
current state of the world market along with competitive analysis. The report
defines, describes, and forecasts the global Smart Transformers Market by
component, type, application, and region. It also offers a detailed qualitative
and quantitative analysis...