Power Industry Reports

Rapid urbanisation and increasing technological advancements are expected to drive global pad mounted transformers market during forecast period According to TechSci Research report,  “ Global  Pad Mounted Transformers Market  By Insulation Type, By Phase,  By Rated Power , By End User, By Region, Competition, Forecast & Opportunities, 2024 ” , global pad mounted transformers market was valued at USD4.5 billion until 2018 and is estimated to grow with an impressive CAGR during the forecast period on account of increasing efforts by key market players to combine engineering, focused architecture, and logistics in order to produce highly capable machinery and equipment. Moreover, rapidly emerging industries coupled with imminent mergers & acquisitions by major market leaders is expected to bolster the growth of global pad mounted transformers market over the coming years. Furthermore, rapid urbanization and increasing population across the globe has resulted in...

Growing demand for efficient energy, reducing carbon dioxide emissions and increasing government support to drive global energy efficient motor market during forecast period According to TechSci Research report,  “ Global  Energy Efficient Motor Market  By Installation Type, By Efficiency Level, By Motor Type, By Application, By End-User, By Region, Competition, Forecast & Opportunities, 2024 ” , global energy efficient motor market was valued at USD29 billion in 2018 and is estimated to witness a significant CAGR during the forecast period on account of increasing automation and robotics in the manufacturing sector, urgent need to diminish greenhouse effect and rising demand from HVAC and household applications. Moreover, increasing electric vehicle sales worldwide is expected to bolster the growth of global energy efficient motor market over the coming years. However, some of impending challenges confronting the market during the forecast period are high initial inv...

Rapid industrialization, rising urbanization and increasing investment towards renewable energy development projects to fuel global transformer core market through 2024 According to TechSci Research report,  “Global  Transformer Core Market  By Type, By Region, Competition, Forecast and Opportunities, 2024” , the global transformer core market is projected to surpass $ 7.5 billion by 2024 on account of rising electricity demand across developed as well as developing economies. Transformer core market is also significantly benefitting from the expansion of grid networks in developing economies, rising investments in grid renovation projects in developed economies and continuing integration of renewable power with conventional grids. Browse 84 market data Figures spread through 110 Pages and an in-depth TOC on   " Global Transformer Core Market " https://www.techsciresearch.com/report/global-transformer-core-market/1500.html In terms of Type, the global transforme...

Strict environmental regulations along with increasing focus towards conservation of energy to drive global switchgear market through 202 5 According to TechSci Research report,  “ Global  Switchgear Market  By Insulation, By Installation, By Voltage, By Product, By End User, By Region, Competition, Forecast & Opportunities, 2025” , the global switchgear market is projected to surpass $ 155 billion by 2025 on account of increasing demand for electricity, growing implementation of smart grid technology, and rising investment in upgrading transmission and distribution systems. The global switchgear market is segmented based on insulation, installation, voltage, product, end user, region and company. Based on insulation, the market can be categorized into air insulated, gas insulated and others. The gas insulated segment is likely to dominate the market owing to their feature of serving different needs at varying voltage levels in various end user industries. Browse...

Growing demand for energy and increasing technological advancements are expected to drive the global electric transmission & distribution equipment market during forecast period According to TechSci Research report,  “ Global  Electric Transmission & Distribution Equipment Market  By Equipment Type, By Voltage, By End-User, By Region, Competition, Forecast & Opportunities, 2025” , the global electric transmission & distribution equipment market is estimated to reach nearly $ 254 billion by 2025 on account of increasing demand for electricity, new power generation capacity additions and the expansion of electricity transmission and distribution infrastructure, globally. Moreover, electrification of large sectors coupled with digitization of the grids and meters is expected to bolster the growth of global electric transmission & distribution equipment market over the coming years. Furthermore, transition from conventional to modular switchgears across th...

Technological advancements coupled with favorable government regulations to drive global turbine control system market through 2026  According to TechSci Research report,  “ Global Turbine Control System Market  By Type [Gas Turbine; Steam Turbine; Others], By Function [Speed Control; Load Control; Temperature Control; Pressure Control; Others], By Component [Sensors; HMI; Controllers; Software; Others] By Region, Competition, Forecast & Opportunities, 2026 ”,  global turbine control system market was valued USD13.95 billion in 2020 and is forecast to grow at a CAGR of over 4% in the next five years. Anticipated growth in the market can be attributed to increasing development of gas-fired power plants and surging focus on enhancing the operational efficiency of power generation. Turbine control systems play a crucial role in the electricity generation while maximizing the efficiency of turbine equipment, thereby enhancing its productivity. Due to c...

Increase in power consumption of electronic devices and use of the internet, inadequate battery capacity of smartphones and other portable consumer electronic products among others are anticipated to be the driving factors for the growth of the Global Power Bank Market. According to TechSci Research report,  “ Global  Power Bank Market  By Battery Type (Lithium-Ion (Li-Ion) Battery, Lithium Polymer (Li-Polymer) Battery), By Capacity (Up to 3,000 mAh, 3,0001 mAh-8000 mAh, 8,001 mAh-20,000 mAh, Above 20,000 mAh), By Application (Smart Phone, Tablet, Laptop, Portable Media Device, Digital Camera) By Region (North America, Europe, APAC, South America, MEA), Competition Forecast & Opportunities, 2016 – 2026’’ , the Global  Power Bank Market  is projected to grow from USD10.98 billion in 2020 to USD17.25 billion by 2026 with a growth rate of 7.43%. Increasing internet-related services through smartphones and tablets, declining price of power banks, frequ...

Technological advancements and favorable government initiatives to propel global gas scrubber market through 2024 According to a report published by TechSci Research on “ Global  Gas Scrubber Market  By Product Type, By Application, By Region, Competition, Forecast & Opportunities, 2024 ”, global gas scrubber market is projected to surpass $ 1.1 billion by 2024 from $ 737 million in 2018. The growth of global gas scrubber market can be attributed to its broad application range and high disposal output. Moreover, various advantages associated with gas scrubber such as compact installation, simple maintenance and ability to serve as refrigeration for warm gas flow are further propelling growth in global gas scrubbers market. Additionally, various government regulations to decrease the air pollution levels and emergence of green manufacturing to reduce air pollution is further anticipated to fuel demand for gas scrubbers across the globe. Furthermore, a large n...

Technological advancements and growing chemical industry to bolster global graphite heat exchanger market through 2024 According to TechSci Research report, “ Global  Graphite Heat Exchanger Market  By Product, By End User, By Region, Competition, Forecast & Opportunities, 2024 ”, global graphite heat exchanger market is projected to grow at a CAGR of over 9% during 2019-2024. Anticipated growth in the market can be attributed to graphite heat exchangers’ environment friendly nature and various advantages such as high operating efficiency and reduced energy consumption. Graphite heat exchangers are used across a wide range of applications, including chemical plants, petroleum refineries, petrochemical plants and food processing plants. Graphite is one of the most cost-effective materials to be used, thereby positively influencing global graphite heat exchanger market during the forecast period. Browse 15 market data Tables and 160 Figures spread through   110 Pages an...

Increasing demand for power and growing focus on renewable energy coupled with favorable government regulations to drive global floating solar panels market through 2024.   According to a report published by  TechSci Research  on “ Global  Floating Solar Panels Market  By Type, By Capacity, By Connectivity, By Region, Competition, Forecast & Opportunities, 2024 ”, the global floating solar panels market is anticipated to grow at a CAGR of around 39% during the forecast period on account of growing focus towards clean fuel electricity generation sources coupled with scarcity of land. Moreover, regulators across the globe are setting up numerous targets pertaining to renewable energy capacity addition to curb the environmental pollution level, which is further boosting the demand for floating solar panels globally. Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on   "   Global Floating Sola...

Technological advancements and favorable government initiatives to fuel global composite cylinders market through 2024 According to TechSci Research report,  “Global  Composite Cylinders Market  By Product Type, By Outer Casing Material, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024” , global composite cylinders market is projected to surpass $ 921 million by 2024, backed by growing demand for lightweight, non-corrosive and explosion proof cylinders. Moreover, increasing end user preference for composite cylinders due to their ease of handling and partial visibility is expected to boost the market. The need for gas from a portable source is positively impacting growth of global composite cylinders market. Furthermore, composite cylinders are available with colorful outer casing and barcode application, which helps suppliers in handling and tracking cylinders more efficiently, thereby increasing the demand for composite cylinders all acros...

Rapidly increasing power sector and rising adoption of Internet of Things and cloud-based platforms to drive Global Power Simulator System Market through 2025. According to TechSci Research report,  “ Global  Power System Simulator Market  By Module, By Offerings, By End-Users, By Region, Competition, Forecast & Opportunities, 2025 ” , the Power System Simulator Market market is projected to surpass USD1.38 billion by 2025 due to rising investments in renewable energy such as solar & wind energy coupled with increasing focus on improving power generation capabilities. Additionally, growing demand for the product due to its ability to reduce project time and costs is likely to create lucrative growth avenues for businesses in the coming years. Increasing number of government initiatives and infrastructural expansion of electric grid in emerging economies is expected to further propel the global power system simulator market in the forecast period. However, risk of ...

Expanding industrial sector coupled with increasing government focus on improving industrial output to drive global industrial thermal insulation market through 2024  According to TechSci Research report,  “ Global Industrial Thermal Insulation Market  By Material, By Product Form, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024 ” ,   global industrial thermal insulation market is projected to grow at a CAGR of over 6% during 2019-2024, on the back of increasing manufacturing activities due to rising public and private investments in oil & gas, petrochemical, energy and industrial sectors. Moreover, increasing government focus on improving industrial output, development of special economic zones and industrial corridors, and subsidies and tax cuts for various manufacturing groups and industrial corporations is expected to fuel the market in coming years. Industrial insulation market is highly influenced by demand fro...

Increasing demand for power coupled with technological advancements to drive global instrument transformers market through 2024  According to TechSci Research report, “ Global  Instrument Transformers Market  By Dielectric Medium, By Voltage, By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024 ”, global instrument transformers market is projected to reach $ 10.3 billion by 2024, on account of increasing installation with regard to new transformers and replacement of old transformers with new ones. This need to expand the existing infrastructure comes as a result of inability of the existing power stations to meet growing demand for electricity. Moreover, increasing importance of alternative energy production is also expected to aid the market. In terms of end use industry, global instrument transformers market has been categorized into power utilities, power generation, industries & OEMS and railways & metros. Among the ...

Technological advancements coupled with favorable government regulations to drive global utility drones market through 2024 According to TechSci Research report,  “Global  Utility Drones Market  By Type, By Services, By End-User, By Region, Competition, Forecast & Opportunities, 2024”,  global utility drones market is projected to grow at a CAGR of over 30% during 2019-2024, on the back of growing need to reduce outage within energy transmission and distribution sector. Utility drones market is gaining impetus due to rising adoption of drone technology to increase business operations and impart better safety. By end-user, global utility drones market has been categorized into power and renewable segments. In 2018, power segment dominated the market and is expected to account for majority share in global utility drones market during the forecast period as well, owing to rising demand for electricity. In terms of services, end-to-end solution category acc...

Increasing demand for renewable power generation coupled with favorable government initiatives to promote renewable power to accelerate global power distribution automation market through 2024 According to a recent report published by TechSci research   on  “Global  Power Distribution Automation System Market  By Component, By Utility, By Region, By Company, Competition, Forecast & Opportunities, 2024”,  global power distribution automation market is projected to grow at a CAGR of over 7% until 2024, on the back of increasing renewable power generation and increasing electricity demand. Moreover, the market for power distribution automation is further aided by the rising need for energy efficiency, protection and immediate fault detection in the power distribution network. By utility, the public utility category accounted for the largest share of the power distribution automation market in 2018 and it is projected to remain as the largest category throughout...

Upsurge in renewable energy investments to drive global solar microinverter market during the forecast period According to TechSci Research report,  “ Global  Solar Microinverter Market , By Type (Single Phase and Three Phase), By Connectivity (Integrated, Standalone), By Application (Residential, Commercial, PV Power Plant), By Sales Channel (Direct and Indirect), By Region, Competition, Forecast & Opportunities, 2025 ” , Global solar microinverter market was valued USD 1166.24 Million in 2019 and is projected to grow at double-digit CAGR of 24.32% to reach USD 2934.86 Million by 2025. Rapid increase in renewable energy investment and increased investment in R&D are driving the solar microinverter market through 2025. Micro inverters are known to generate more energy when compared to other solar inverters, therefore, they are witnessing increased adoption in the recent years. In addition, solar micro inverters offer several benefits over conventional inverter technolo...

Growth in renewable power generation and increasing investments in transmission & distribution infrastructure to drive global microgrid monitoring system market through 2024  According to TechSci Research report, “ Global  Microgrid Monitoring System Market   By Grid Type, By Component, By Ownership, By End User , By Region, Competition, Forecast & Opportunities, 2024 ”, Global Microgrid Monitoring System Market is projected to grow at a CAGR of over 11% during 2019-2024, on account of growth in renewable power generation, increasing investments in transmission & distribution infrastructure and growing energy demand. Some of the other factors that would have a positive impact on the market are limitations of space availability in densely populated urban areas and government initiatives towards improving electricity access. Browse xx market data Tables and xx Figures spread through   110 Pages and an in-depth TOC on    “Global Microgrid Monitorin...