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DC power systems are expected to see growth as increased demand from telecom companies leads to increased deployment. Advent of 4G and 5G networks leads to steady growth of DC power systems as telecom base station power demand increases steadily. 5G deployment is the key driver for DC power systems, which is expected to see modest growth between 20...

Battery management systems (BMS) are critical to ensure the safe and reliable operation of batteries, especially in advanced applications. The BMS market mirrors the growth of the battery market, and it is expected to grow steadily throughout the forecast period due to the increasing adoption of electric vehicles (xEVs), rising popularity of batter...

There is growing pressure on the global power sector to decarbonize, which in turn puts pressure on new investment in coal-fired power generation. Energy security is a significant mega trend, whose importance is heightened by the Russo-Ukrainian War and the resulting disruption in the global power market. Many of the traditional high coal dependenc...

21 Jul 2015  |  Global  |  Market Research

Global Utility-scale Grid-connected Battery Energy Storage Systems Market

High Growth in Utility-scale Grid-connected Solutions

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The battery energy storage system (BESS) market is poised to enter a period of dynamic growth on a global level. In the markets for utility-scale grid-connected solutions, commercialisation will begin to accelerate after 2017 with the subsequent years bringing huge opportunities for companies that have the technological capabilities to compete. Rap...

Energy security and the energy transition are the key drivers of investments in the hydrogen industry. Hydrogen is considered a key pillar of decarbonization because it is one of the few routes available for decarbonization of some sectors like oil and gas, mining, iron and steel, and heavy transport. Its energy density and phase changeability faci...

There is a lack of innovation and product differentiation in the Telecom power market, where many end users are still using old legacy systems. In order to gain market share, Telecom power manufacturers need to come up with technically advanced and innovative products that address the current customer frustrations and also evolving needs. One of th...

The HV switchgear industry is recording strong growth, driven by a combination of grid upgrades, renewable energy penetration, urbanization, decarbonization, and grid-scale renewable integration. Growth is concentrated in the utility sector, with most investment coming from power generation and T&D operators who are looking to upgrade older systems...

The rising population along with the rapid expansion of anthropogenic activities has infused concerns associated with the sustainability and optimization of natural resources worldwide. Perpetual increase in per capita energy consumption in conjunction with aging energy infrastructure has further added to the debate concerning the growth and future...

08 Jul 2022  |  North America  |  Market Research

Global Transformer Growth Opportunities

Greater Grid Resiliency, Increased Grid Intelligence, and Security of Supply— All Key Drivers of Future Growth

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Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers. The global transformer market revenue is expected to reach $64.24 billion in 2030; a market rebound is expected from 2022 onward. Tho...