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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...

Customers changing preferences have spurred the transition from vehicle ownership to usership. For older generations, owning a vehicle was a status symbol, but today s younger generations prioritize usership over ownership and the associated hassles (i.e., various costs and responsibilities). Leasing and rental services have evolved, but essential...

Water treatment chemicals play a significant role in water pre-treatment for municipal and industrial use and the treatment of municipal and industrial wastewater for environmentally safe disposal. The growing popularity of chemical-based mobile water treatment services, installation of zero liquid discharge and minimal liquid discharge infrastruct...

Sustainability targets in businesses are increasing to mitigate the risk of stringent regulations, taxation, and, more importantly, to meet customer demand for more environmentally friendly products. To achieve these goals, businesses adopt decarbonization strategies and invest in low-carbon technologies and services at different stages of the supp...

•The sensors market is expanding, and it is regarded as one of the most promising areas in the semiconductor industry. Sensor technology is an evolving discipline that holds the potential to significantly improve the performance, durability, maintenance, and applicability of many engineering projects. Material science and engineering advancements h...

With the growing legalization of adult recreational and medicinal cannabis, there is an increasing need for rigorous and accurate analytical testing to assure consumer safety. This has increased the demand for analytical testing instruments. Analytical instrumentation applications include regulatory compliance testing, product manufacturing, qualit...

Demand for terahertz imaging is driven by its ability to perform non-ionizing scanning on the human skin that does not harm the healthy cells in the surrounding infection areas—a primary requisite in the medical field—compared with conventional scanning modes such as x-ray and UV rays. Terahertz radiation is transparent to paper, wood, and a few ...

The automotive industry defines life on board as the time occupants will spend on board a future connected and automated vehicle. Level 4 automated driving will transform how vehicles are designed, from the inside out. With minimum-to-no driving activity involved, vehicle control systems such as steering, braking, and accelerating will be hidden aw...

COVID-19 has brought about major changes for companies and industries globally. Numerous employees work remotely, companies increasingly pursue digital transformation initiatives, and more applications are being moved to the cloud. Within this context, what role does security play for IT decision makers This study analyzes two major Frost & Sulliva...