Power Industry Reports

Ensuring Grid Stability & increasing awareness for renewable sources is expected to support the growth of the Global Pumped Hydro Storage Market during the forecast period. According to TechSci Research report,   Pumped Hydro Storage Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028F,  the Global Pumped Hydro Storage market is anticipated to register a robust growth during the forecast period, 2024-2028. Pumped Hydro Storage   use gravity to generate electricity from water that was previously pumped from a lower source to an upper reservoir. The energy storage capacity of a pumped storage plant depends on the size of its two reservoirs, while the amount of electricity produced is related to the size of the turbine. Pumped hydro is the world's largest battery technology, accounting for over 94% of the world's installed energy storage capacity, far outperforming lithium-ion, and other types of batteries. The International Hydroelec...

The rising demand for renewable energy in the power generation sector and changes in the dynamics of power grids from centralized to distributed  are factors expected to drive the market for Global Virtual Power Plant in the forecast period of 2024-2028 . According to TechSci Research report,   Virtual Power Plant Market   - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028F, the global virtual power plant market is anticipated to register a robust growth during the forecast period 2024-2028.  The Global Virtual Power Plant market is being driven on account of increasing demand for more renewables adoption and integration of intermittent and distributed energy resources, (DER) supported by big data analytics for monitoring and forecasting to optimize the dispatch of power load. Moreover, the growing investment and strategic partnerships within service providers  along with  increasing acceptance of innovative technologies such as clo...

High usage of transformer oil in power generation sector and growing demand for bio based transformer oil are two factors expected to drive the demand of Global Transformer Oil Market. According to TechSci Research report, “ Global Transformer Oil Market - By Region, Competition, Forecast & Opportunities, 2028F ” ,  Global Transformer Oil market   increase in forecast period, this sector's primary market driver is the growing demand for power in both urban and rural areas. Transformer installations have increased as a result of the rise in power consumption across numerous industries. The market will also be driven by rising power sector investment, industrialization, and shifting energy patterns toward renewable sources. Based on type segment, the Naphthenic Oil segment hold the largest market share, because electric utilities like transmission lines, power plants, and other industrial uses are increasing their demand for transformer oil. In the upcoming years, it is pro...

The market is expected to grow as pipeline operators adopt piston compressors for natural gas transportation, more frequently. According to TechSci Research report,  Global Tandem Piston Compressor Market   - By Region, Competition Forecast & Opportunities, 2018-2028,  the Tandem Piston Compressor Market is expected to register robust growth during the forecast period, 2024-2028. Tandem piston compressors, which are positive displacement compressors with pistons driven by the crankshaft, deliver gases at extremely high pressure. Oil or gas enters through the suction manifold's intake channel and is then compressed by the piston's reciprocating motion before exiting through outlet and returning through the inlet. Oil refineries, gas pipelines, natural gas, and refrigeration facilities, all employ piston compressors in a variety of applications. In comparison to a regular piston, the energy consumption of a tandem piston compressor may be cut by 20%. Tandem piston compr...

Increasing government projects and need for modernization of grid networks  are the major factors driving the Global   Smart Transformers Market during the forecast period. According to TechSci Research report,   Smart Transformers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2017-2027, the Global Smart Transformers  Market  is expected to register robust growth during the forecast period, 2023-2028.  A smart transformer is a device that can be placed between the power grid and an external system such as a home or business to provide a buffer. These devices are equipped with advanced features to support the power grid. The growth of the smart transformer market is primarily driven by global production of alternative energy, digitization of energy suppliers, and huge investments in smart grids and energy systems. The 2020 pandemic has brought a decline in electricity consumption, impacting organization revenues and challenge finan...

  High blackouts and utility failures is a significant factor driving the growth of the Global Smart Meters market in the forecast period of 2024-2028. According to TechSci Research report, “ Smart Meters market – Global Industry Size, Share, Trends, Competition, Opportunity And Forecast, 2018-2028 ” . The Global Smart Meters Market is projected to expand in the coming years. Smart meters track both the energy used, and the energy added to the network. The information is transmitted on a regular basis to distribution network operators. Smart Meters also pass it on to the energy supplier for billing purposes. One of the potentials of smart meters is more precise measurement and billing, which is frequently combined with dynamic pricing. The main reason smart meters are referred to as smart is that they allow for two-way communication, can connect to other devices like smart appliances and home equipment, and can be monitored and controlled remotely by the distribution service ...

Increase in the number of solar panel installations across the globe and increasing emphasis on utility-scale projects are the factors propelling the market growth in the forecast period . According to TechSci Research report,  Solar Backsheet Market -  By Region, Competition Forecast & Opportunities, 2018-2028,  the Solar Backsheet Market is  expected to register robust growth during the forecast period, 2024-2028 . The demand for solar roof tops with effective backsheets is expanding throughout the residential, commercial, and industrial sectors as a result of consumers' increasing choice for sustainable energy sources and the focus on utility-scale projects. A PV backsheet is designed to protect solar PV modules, but some solar plants aren't able to last as long as they were intended to due to subpar backsheet materials. Asset managers and O&Ms are increasingly finding systemic solar PV module backsheet problems, with 12GW already acknowledged to be ...

Growing demand in commercial & automotive sector along with interrupted power supply are the major factors driving the Global Lead Acid Battery Market in the forecast period 2024-2028. According to TechSci Research report,   Lead Acid Battery Market   - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028, the Global Lead Acid Battery  Market  is expected to register robust growth during the forecast period, 2024-2028.  A battery consists of three basic components: anode, cathode, and electrolyte. Anode is the negative terminal, cathode is the positive, and electrolyte connects these two terminals to drive the electrochemical reaction and produce electricity. A battery consisting of a metal sponge lead anode, a lead dioxide cathode, and a sulfuric acid solution electrolyte is called a lead-acid battery. t contains toxic lead but is recyclable. Some of the factors driving the demand for lead-acid batteries are increasing SLI applications ...