Search results for: 'industrial grid need market'

Global grid-scale battery energy storage system (BESS) deployment experienced unprecedented growth in 2023, expanding 159.5% from 2022. The year 2024 will break another record in new installations, with deployments of 41.84 GW/104.67 GWh. BESS has rapidly become the fastest-growing clean energy technology, driven by the growth of wind and solar ...

Global smart grid investment is likely to grow rapidly. By 2025, a complete transformation to a smarter grid is unlikely but the process would have gained pace with major changes underway in grid automation, demand-side management, and Big Data analytics. Revenue growth will be the fastest in Europe. Demand response and advanced metering infrastruc...

This study examines the global distribution transformer market, analyzing demand drivers, technological trends, and competitive dynamics across key regions. It explores how rising electricity consumption, grid modernization programs, and the integration of distributed energy resources are reshaping replacement and new‑build requirements for distrib...

This study analyzes the global industrial heat pump (IHP) market as it undergoes a structural transition—from standalone decarbonization technologies to integrated energy orchestration assets within industrial systems.Covering the 2025 to 2035 period at a global level, the analysis focuses on electrically driven and heat-activated systems ≥200 kWth...

Brazil market is very nascent for smart grid, comparing to the rest of the world, U.S. and Europe, for instance. Power utilities are running pilot projects, several technologies are being tested by different manufactures and policies and regulations are being defined. However, market potential is large considering the expected number of connected c...

This study offers an in-depth analysis of the Chinese grid systems from the transformer market and smart grid market perspective. The traditional market is represented by the transformer market. This traditional market is estimated to keep growing stimulated by the emerging smart grid market for the next five years. The smart grid market comprises ...

11 Sep 2026  |  Global  |  Market Research

Industrial Networking and Connectivity Market, Global, 2025–2032

Industrial Infrastructure is Experiencing Transformational Growth

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The industrial networking and connectivity market is becoming increasingly critical as manufacturers and industrial operators seek to modernize operations, improve resilience, and unlock greater value from operational data. As digital transformation initiatives expand, organizations are investing in networking infrastructure and connectivity soluti...

The need to decarbonize the industrial economy is becoming ever more important. Much has been achieved so far in the decarbonization of power generation, but progress in the realm of industrial decarbonization has been relatively slow. This is now gradually changing as businesses seek to comply with environmental, social, and governance (ESG) goals...

This research study provides an overview of digital grid deployment initiatives globally. It also identifies the factors that will drive and pose challenges to the industry’s move towards the digitalization of the transmission and distribution (T&D) network. The global digital grid (sensors, meters, and communication) market is expected to genera...