Search results for: 'aging'

11 Jul 2025  |  Global  |  Market Research

Turbine Services Industry, Global, 2024–2035

Increased Demand for Power Generation and an Aging Asset Base will be Key Drivers for Revenue Growth

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This Frost & Sullivan report focuses on the global turbine services industry, examining the factors that influence market shifts. While the global turbine services industry is relatively mature, there is significant potential for innovation in introducing advanced solutions. The turbine services market is projected to have a compound annual growth ...

09 Apr 2018  |  Global  |  Market Research

Global Transformers Market, Forecast to 2022

T&D Infrastructure Investments in Developing Regions and Aging Grid in Developed Regions Spur Market Demand

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Key Issues Addressed

A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. The total global transformers market is forecast to register a CAGR of below 5% from 2017 to 2022. During the forecast period, the power and distribution transformer segments are expected to witness strong growth be...

This study provides in-depth analyses of the global gas and steam turbine markets. Global revenue and order forecasts, drivers and restraints, competitive analyses, company market shares, and pricing and technology trends are evaluated. It also provides segment forecasts by power range, region, and application. The gas turbine market is driven by r...

08 Jul 2025  |  Global  |  Technology Research

Enhancing Grid Resilience: Emerging Technologies for Modern and Reliable Power Systems

Next-generation Technology Trends: Applications leading to stability enhancement of power grid systems

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Emerging technologies aimed at improving grid resilience are rapidly evolving, driven by the need for improved reliability, efficiency, and sustainability in energy systems. Innovations in technology, growing energy demands, and the incorporation of renewable energy sources are strong incentives for utilities to implement creative solutions for mor...

This study examines the global power cables industry, analyzing demand drivers, growth trends, and competitive dynamics. Key drivers identified in the study include the continued growth in renewable electricity generation (particularly offshore wind), the aging nature of infrastructure in developed economies, the rise of inter-regional transmission...

Strong renewable energy growth, aging grids, industrial electrification, increasing regional interconnections, and power loads from data centers have collectively driven growth in power transformers. More than 30% of large power transformers have been in operation for more than 30 years, creating high replacement demand. A lack of available manufac...

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...

Medium voltage (MV) switchgear demand is being driven by grid modernization, rapid electrification, data center expansion, and the expansion of distributed energy resources. The increasing deployment of renewables, EV charging infrastructure, and industrial electrification is creating a need for flexible and reliable MV systems, while growth in mic...

The Growth Opportunities in the Global Nuclear Power Industry study examines global commercial nuclear power development from 2025 to 2035, covering reactors above 10 MWe and the life cycle services supporting the installed fleet. Global installed capacity is projected to grow 23.8%, reaching approximately 477 GW by 2035, with China contributing 65...