The global recloser market size was estimated at USD 1.13 billion in 2023 and is forecasted to grow at a CAGR of 5.6% from 2024 to 2030. This growth is attributed to the increasing demand for reliable and efficient power distribution systems.... Read More »
July 2024The global pad-mounted switchgear market was estimated at USD 6.45 billion in 2023 and is forecasted to grow at a CAGR of 4.7% from 2024 to 2030. This growth is attributed to the rising adoption of renewable energy sources like solar and wind increases, which is driving need for efficien... Read More »
July 2024The global carbon capture and storage market size was estimated at USD 3.47 billion in 2023 and is projected to grow at CAGR of 7.3% from 2024 to 2030. Increasing carbon emissions across the world and surging concerns regarding the detrimental effect of carbon emissions on the environmen... Read More »
July 2024The global transmission repair market size was estimated at USD 222.96 billion in 2023 and is estimated to grow at a CAGR of 3.1% from 2024 to 2030. This growth is primarily driven by the increasing complexity of vehicle transmission systems and the rising number of vehicles on the road,... Read More »
July 2024The 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 molded case circuit breakers market size was estimated at USD 6.23 billion in 2023 and is estimated to grow at a CAGR of 14.0% from 2024 to 2030. Increasing investments in electricity generation and transmission is propelling market growth... 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 U.S. heat exchangers market size was estimated at USD 2.7 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. The rising demand for heat transfer solutions across various end-use industries, owing to the robust industrialization... Read More »
October 2023