Search results for: 'driver monitoring systems a9aa'

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...

Distributed energy resources and distributed energy storage systems (ESS) are changing the face of power generation and distribution in the Organisation for Economic Co-operation and Development (OECD) countries. To tap these new market opportunities, consumers need to be properly supported with financing options for ESS installations. The study s...

24 Sep 2015  |  Global  |  Market Research

Analysis of the Global HVDC and FACTS Market

The Integration of Renewables into Grid Networks is Driving Remarkable Developments in High-voltage Transmission Systems

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As a result of global population explosion and growing power demand, utilities are investing in new power plants. The rise in environmental concerns urges power producers to invest in clean energy, which is typically located in remote regions. To connect such remotely located power generation sources and to also minimize transmission losses, compan...

The global microgrids market will experience strong revenue growth, increasing from $8.85 billion in 2021 to $19.55 billion in 2030. North America and Asia-Pacific (APAC) will be the leading markets from 2021 to 2030. However, APAC will outpace North America and hold the highest share in the long term, focusing on remote microgrids. With largely se...

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 Asia-Pacific switchgear (low voltage, medium voltage, and high voltage) market is predicted to have a steady growth rate of 2.9% from 2018 to 2025, driven by increasing power demand and grid connectivity across the region. Demand for switchgears also is driven by retrofits of aging equipment, especially in the medium- and high-voltage categorie...

Smart meters are the bedrock component of a future smart grid. The smart meter market is driven by the reduction of non-technical loss, their essential role in effective integration of renewable energy, and government initiatives and regulations. Global AMI metering market revenue grew 29.8% from 2017 to 2018, reaching $6,931.5 million; revenue is ...

20 Sep 2016  |  Global  |  Market Research

Growing Opportunity in the Global Microgrid Market

Decreasing Costs and Technological Advancements of Decentralised Power and Storage Drives New Market Growth

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“Microgrid” is the new buzzword amidst the rise of distributed energy resources and battery energy storage systems. Significant price declines in both distributed renewable power and battery technologies, coupled with more technological advancements in control and energy management systems, have created a vision of reliable, efficient, renewable, a...

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...