Power Industry Reports

US Virtual Power Plant Market is Driven by Extensive Use of Renewable Energy and IoT/Cloud Platform Across the Nation. According to TechSci Research report,  " U.S. Virtual Power Plant Market   - By Region, Competition Forecast & Opportunities, 2018-2028F",   The Market is growing due to the rising proportion of renewable energy and decreasing solar energy generation and storage prices. The market expansion for virtual power plants is also driven by the growing use of cutting-edge technologies in the power sector, such as cloud platforms and internet of things (IoT) applications. The demand for renewables has increased dramatically over the past several years as people's understanding of the advantages of renewable energy grows. Furthermore, the need for VPPs is driven by government efforts that assist the development of renewable energy sources. According to the U.S. Energy Information Administration's International Energy Outlook 2019 report, renewable energy s...

Spain Air Source Heat Pump Market is driven by the changing preference from the traditional heating system to efficient and environment-friendly heating systems and increasing government policy support and subsidies to improve energy efficiency. According to TechSci Research report, “ Spain Air Source Heat Pump Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028”.  The Spain air source heat pump market is expected to grow at a higher pace during the forecast period due to the rise in air source technology because of the adverse effects of greenhouse gas emissions. The government's initiatives, including tax breaks for individuals and businesses and clean heating and cooling programs, are anticipated to impact the market's expansion positively. Heat pumps ensure a low carbon footprint, low maintenance, simple installation, and cost-effectiveness, making them an efficient source of hot water and heating and cooling applications. Moreover, air-t...

Increasing demand for electricity and booming installation of smart switchgears is expected to drive the India Switchgear market. According to TechSci Research report,  " India Switchgear Market   - By Region, Competition Forecast & Opportunities, 2018-2028, the India Switchgear market is anticipated to register a robust growth during the forecast period, 2024-2028",  owing to rising environmental concerns, government initiatives, and investments for research initiatives to minimize reliance on fossil fuels. The increasing energy demands across various end-use industries have led to an increased focus on integrating advanced electric solutions to overcome the situation. Additionally, with the promotion of digital transformation (DX) and growing network traffic using 5G across the country. Industrialists are preferring to adopt smart switchgears and digital switchgears to further enhance their capabilities. Furthermore, infrastructure and construction setups projects s...

Raising awareness towards energy efficient products, favored government policies, and low running cost of heat pumps are the factors driving the Air Source Heat Pump market in United Kingdom. According to TechSci Research report,  “ United Kingdom Air Source Heat Pump Market ” - By Region, Competition Forecast and Opportunities, 2018-2028F ”.  United Kingdom Air Source Heat Pump market is expected to grow at an impressive rate. The market is driven by the growth of air conditioning, increasing energy efficient products, low carbon footprints, and various government schemes. Air source heat pumps are efficient heating and cooling systems that can generate one to three times as much heat as needed. Compared to conventional systems, which must convert the heat from a fuel source, they are more effective since they can move or transfer heat from the air. Most home heating systems either burn fuel or generate heat from electricity. But because they don't produce heat, heat pumps ar...

Rising popularity for digital content and significant shift towards 3G and 4G networks are expected to increase the growth of India Power Bank Market during the forecast period of 2024-2028. According to TechSci Research report,  “ India Power Bank  Market –   By Region, Competition Forecast & Opportunities, 2018-2028, the India Power Bank Market is anticipated to register a robust growth during the forecast period, 2024-2028”.  The growing popularity of smartphones and other electronic devices, the rise in power consumption of these devices as a result of mobile technology advancements, low cost of power banks, and the expansion of online retail platforms' customer bases are the main factors driving the India Power Bank Market. The market for power banks in India is also experiencing the growing impact of technical improvements and changing consumer desire for greater functions. Vendors of portable electronics devices are being pushed by the need to remain ...