Research Support Specialist, USA
The global natural gas fired electricity generation market was 48,793.9 MW in 2019. The market is estimated to register 4.71% of CAGR over the forecast years, 2020 to 2027. Natural gas-fired electricity generation is cleaner and cost-effective. Traditionally, coal has been used in the production of electricity on a large scale. Read More »
The global smart demand response market size was worth USD 5.57 billion in the year 2014. Technological advancements in utilities vertical along with the implementation of regulations are anticipated to increase the deployment of the smart grid which will further boost the market growth.Read More »
The Middle East distribution transformer market size was worth USD 2.68 billion in the year 2014 and is predicted to account for USD 3.60 billion by the end of 2022 due to the rising use of superior grid components. Moreover, the growing sustainable energy requirement across the globe is anticipated to accelerate the demand throughout the projected period. Read More »
The brushless DC motors market across the globe generated a revenue of USD 16.3 billion in the year 2019. It is expected to witness growth with 6.6% CAGR over the forecasted years, 2020 to 2027. This growth can be associated with its ability to energy-saving and enhancing operational efficiency ability.Read More »
In the year 2013, the global power transformer market comprised of over 11,300 units and is estimated to grow at a CAGR of 5.9% over the forecast period. Market is valued at $18 million as of 2013. Increase in the demand for electricity in the rapidly developing nations along with those who are already developed coupled with increase in the amount of investments in infrastructure is expected to drive the market over the next few years.Read More »