The global HVDC converter station market size was estimated at USD 11.85 billion in 2023 and is expected to grow at a CAGR of 4.5% from 2024 to 2030. An increasing demand for efficient long-distance power transmission is significantly driving the growth of HVDC converter station market. ... Read More »
July 2024The global transformer monitoring system market size was estimated at USD 2.48 billion in 2023 and expected to grow at a CAGR of 9.1% from 2024 to 2030. The growing demand for reliable and efficient power distribution is a major driver of the market. Transformers are critical assets in t... Read More »
July 2024The global drill pipe market size was estimated at USD 2.21 billion in 2023 and is projected to grow at a CAGR of 3.9% from 2024 to 2030. Significant oilfield expansions, particularly in North America and the Middle East, along with improving drilling techniques with enhanced productivit... Read More »
July 2024The global gas meter market size was estimated at USD 3.79 billion in 2023 and is expected to grow at a CAGR of 4.6% from 2024 to 2030. The rise in global demand for natural gas is a major driver, as increasing energy consumption and the shift towards cleaner fuels like natural gas are f... Read More »
July 2024The global current transducer market size was estimated at USD 683.70 million in 2023 and expected to grow at a CAGR of 3.7% from 2024 to 2030. Increasing demand for consumer electronics, such as smartphones, laptops, and wearable devices, is a major driver for the market. These devices ... Read More »
July 2024The global LNG storage tank market was estimated at USD 16.11 billion in 2023 and is expected to grow at a CAGR of 7.3% from 2024 to 2030. The increasing global demand for liquefied natural gas (LNG) as a cleaner energy source, particularly in power generation, transportation, and indust... Read More »
July 2024The global vertical lift module market size was estimated at USD 1,558.9 million in 2023 and is projected grow at a CAGR of 9.1% from 2024 to 2030. The market is experiencing significant growth due to the increasing demand for automated storage and retrieval systems (ASRS) across multipl... Read More »
July 2024The global building-integrated photovoltaics market size was estimated at USD 23.67 billion in 2023 and is projected to grow at a CAGR of 21.2% from 2024 to 2030. Rapid expansion of the solar photovoltaic (PV) installation capacities of different countries, coupled with increasing demand... Read More »
July 2024The India microgrid market size was estimated at USD 2.38 billion in 2023 and is projected to grow at a CAGR of 19.4% from 2024 to 2030. The market growth is driven by various factors, such as government initiatives promoting renewable energy adoption in rural areas, increasing demand fo... Read More »
May 2024The global supply chain as a service market size was estimated at USD 8,710.1 million in 2023 and is projected to grow at a CAGR of 17.4% from 2024 to 2030. The increasing outsourcing of the various supply chain processes drives market growth. Supply chain as a service (SCaaS) includes a... Read More »
May 2024The global portable air purifier market size was valued at USD 11,199.4 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2030. The market is driven by a rise in air pollution levels, mainly in urban areas. Outdoor air pollution is like... Read More »
March 2024The North America wires and cables market size was valued at USD 32.96 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030. Over the past years, several developments have occurred in the wires and cables industry. The increase in r... Read More »
November 2023The global microgrid market size was estimated at USD 76.88 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. Rising power demand in developing countries including Mexico, China, India, and Russia as a result of growth in househol... Read More »
November 2023The global floating LNG power vessel market size was estimated at USD 728.02 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030. The insufficient power generation infrastructure in developing nations, reduced pollution levels, and th... Read More »
October 2023The global pipeline pigging services market size was valued at USD 9.7 billion in 2018 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.7% from 2019 to 2025. Pipeline pigging is a practice of using a device, known as the “pig”, to clean the pipes and pe... Read More »
September 2023The global diaphragm pump market size was valued at USD 7.32 billion in 2021 and is estimated to register a compound annual growth rate of (CAGR) 5.5% from 2022 to 2029. Rise in investments in water treatment facilities and oil and gas industry are expected to be the key factors dri... Read More »
September 2023The global industrial batteries market size to be valued at USD 27.4 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2027. Rising demand for back-up power in the industrial sector coupled with demand for batteries in grid-level en... Read More »
August 2023The sustainable provision of future energy demand can be significantly aided by biomass. It currently contributes the most renewable energy to the world's energy mix, and there is tremendous room for growth in the generation of heat, power, and transportation fuels. By utilizing the cons...Read More »
The Middle East switchgears market size was estimated at USD 10.29 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030. The Middle East switchgears market is anticipated to be driven by the rising power demand brought on by a g... Read More »
February 2023The global hydraulic cylinder market size was valued at USD 15.32 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. Increasing adoption of hydraulic cylinders in numerous industries such as material handling, construction and inf... Read More »
July 2022