Search results for: 'm8de based engineering market'

19 Mar 2021  |  Asia Pacific  |  Market Research

Digitalization and Decarbonization Powering Southeast Asia’s Medium Voltage Switchgear Industry

Future Growth Potential from Digital and Environmentally Friendly Value Propositions Driving Growth Opportunities

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Southeast Asia’s medium voltage switchgear market includes Singapore, Malaysia, Vietnam, the Philippines, Thailand, and Indonesia and covers voltages ranging from 1 kilovolt (kV) to 38 kV. Its growth is expected to continue at a steady 5.1% compound annual growth rate from 2020 to 2026, driven by rising power demand and grid connectivity across t...

The 2020s will see last-mile electricity infrastructure undergo some much-needed advancement,which will enhance the overall electricity system. It will become a smarter and a more responsive system, one in which a car could power a home or batteries could power an entire football stadium on match day. The possibilities will increase based on how co...

The global smart meter market continued to register strong growth in 2019, as major rollouts continued to accelerate. China led the trail and various pockets of Europe went ahead with large-scale pilots and installing second-generation smart meters. China continued to account for more than half of the global market, holding 56.2% of the total shipm...

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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Key Issues Addressed

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...

The global penetration rate for smart metering is forecast to increase from just over 40% at the start of 2022 to 65% by 2030. This growth will lead to an increased demand for meter data management (MDM) software. First-generation meters largely focus on basic functions such as billing and time-of-use pricing. With the growth of decentralized energ...