The global LNG storage tank market size was valued at USD 17.20 billion in 2024 and is projected to reach USD 26.28 billion by 2030, growing at a CAGR of 7.4% from 2025 to 2030. This growth can be attributed to the rising global demand for Liquefied Natural Gas (LNG) as a cleaner energy ... Read More »
June 2025The global micro inverter market size was estimated at USD 4.67 billion in 2024 and is projected to reach USD 17.34 billion by 2030, at a CAGR of 24.58% from 2025 to 2030. The market is experiencing steady growth, driven by the rising adoption of rooftop solar systems and the increasing ... Read More »
June 2025The global shunt reactor market size was estimated at USD 2.82 billion in 2024, and is projected to reach USD 4.05 billion by 2030, growing at a CAGR of 6.3% from 2025 to 2030. This growth is driven by rising demand across various applications, particularly in power transmission and dist... Read More »
June 2025The global gas insulated transformer market size was estimated at USD 2.95 billion in 2024 and is projected to reach USD 3.87 billion by 2030, growing at a CAGR of 4.7% from 2025 to 2030. Rising electricity demand, driven by industrialization, urbanization, and an increase in the use of ... Read More »
June 2025The U.S. microgrid as a service market size was valued at USD 953.2 million in 2024 and is projected to grow at a CAGR of 12.0% from 2025 to 2030.The market growth is being driven by increasing demand for renewable energy integration, the need for resilient power infrastructure, and supp... Read More »
June 2025The global cable assembly market size was estimated at USD 178.90 billion in 2024, and is projected to reach USD 253.81 billion by 2030, growing at a CAGR of 6.05% from 2025 to 2030. The market is witnessing steady expansion, fueled by the rising demand for efficient connectivity solutio... Read More »
June 2025The global current transformer market size was estimated at USD 2.63 billion in 2024 and is projected reach USD 3.90 billion by 2030, growing at a CAGR of 6.82% from 2025 to 2030. The industry is witnessing steady growth due to rising demand for efficient energy monitoring and control ac... Read More »
June 2025The global power amplifier market size was estimated at USD 35.16 billion in 2024 and is projected to reach USD 75.45 billion by 2030, growing at a CAGR of 13.1% from 2025 to 2030. The market is witnessing steady growth, driven by the rising demand for high-performance audio and RF ampli... Read More »
June 2025The U.S. microgrid market size was estimated at USD 14.82 billion in 2024 and is projected to grow at a CAGR 18.2% from 2025 to 2030. Market growth is being propelled by rising investment in grid resilience, the growing need for localized energy systems, and t... Read More »
June 2025The global microgrid as a service market size was estimated at USD 2.87 billion in 2024 and is projected to reach USD 6.56 billion by 2030, growing at a CAGR of 14.8% from 2025 to 2030. The microgrid as a service (MaaS) industry is experiencing significant growth, driven by the increasin... Read More »
June 2025The global hydrogen fueling station marketsize was estimated at USD 832.4 million in 2024 and is expected to grow at a CAGR of 26.3% from 2025 to 2030. The driving factors for the market growth include the increasing demand for zero-emission vehicles, as well as government initiativ... Read More »
May 2025The global carbon capture and storage market size was estimated at USD 3.68 billion in 2024 and is projected to reach USD 5.61 billion by 2030, growing at a CAGR of 7.4% from 2025 to 2030. Increasing carbon emissions across the world and surging concerns regarding the detrimental effects of carbon emissions on the e... Read More »
May 2025The global green power transformer market size was estimated at USD 1.22 billion in 2024 and is projected to grow at a CAGR of 6.9% from 2025 to 2030. The demand for green power transformers is likely to grow significantly in the coming years, driven by the modernization of power gr... Read More »
May 2025The global perovskite solar cell market size was estimated at USD 218.44 million in 2023 and expected to grow at a CAGR of 72.7% from 2024 to 2030. Technological advancements have led to significant improvements in power conversion efficiency, with perovskite PV cells exceeding most thin... Read More »
May 2025The global silicon anode battery market size was estimated at USD 357.3 million in 2024 and is projected to reach USD 3,618.5 million by 2030, growing at a CAGR of 50.1% from 2025 to 2030. Driven by several key factors such as the increasing demand for high-energy density batteries ... Read More »
May 2025The global synchronous condenser market size was estimated at USD USD 696.0 million in 2024 and is forecasted to grow at a CAGR of 2.8% from 2025 to 2030. This growth is attributed to the growing complexity and variability in power generation across the globe. Synchronous conde... Read More »
May 2025The global dry type transformer market size was estimated at USD 6.73 billion in 2024 and is expected to grow at a CAGR of 6.4% from 2025 to 2030. Furthermore, dry type transformers typically have lower power density than oil-filled This product is considered to be more expensive when co... Read More »
May 2025The global HVDC converter station market size was valued at USD 12.17 billion in 2024 and is expected to expand at a CAGR of 4.8% from 2025 to 2030. An increasing demand for efficient long-distance power transmission is significantly driving the growth of the HVDC converter station indus... Read More »
May 2025The global offshore wind market size was estimated at USD 39.97 billion in 2024 and is projected to grow at a CAGR of 8.9% from 2025 to 2030. The market is expected to expand due to growing interest in decreasing the global carbon footprint and increased demand for renewable energy sourc... Read More »
May 2025The global digital substation market size was valued at USD 7.39 billion in 2024 and is expected to grow at a CAGR of 7.6% from 2025 to 2030. The increasing digital transformation of various operations and processes with respect to electricity production and distribution to enhance their... Read More »
May 2025