The insufficiency of liquefied natural gas distribution in pipelines for processes such as liquefaction or regasification to import gas is the major driver of the global power ship market. in addition, increase in need for energy requires sources to meet their power demands; hence, power ships can generate power in suitable power plant operating conditions and …
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Rapid industrialization is the major driving factor of the rotating equipment market. Rotating equipment forma critical part of industrials set ups, and their reliable functioning is vital for overall machinery operation. Furthermore, technological developments in production make the manufacturing process smooth and time-saving tasks, thus driving the manufacture’s needs for high-quality performance equipment. Increase in demand …
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Increase in demand for ceramic capacitor from the electronics industry is a key factor driving the growth of the global ceramic capacitors market. This is attributed to the ever-growing requirement for upgraded gadgets. Smartphones and tablets are the major consumers of ceramic capacitors, as they can effectively handle complex and sophisticated functions. In addition, the …
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Surge in adoption of supercritical carbon dioxide in fracking is one of the key phenomena seen on the global frac services market. Supercritical CO2 was used during the initial fracking process as a substitute for gas. Some of the key advantages that supercritical CO2 provides is reduced water dependence for the project. In addition, CO2 …
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The global steam turbine market size was valued at $15.5 billion in 2020, and projected to reach $21.3 billion by 2030, with a CAGR of 3.3% from 2021 to 2030. Steam turbine is a mechanical equipment, which operates by using a heat sources such as gas, coal, nuclear, or solar to heat water to extremely high …
The global advanced energy market size was valued at $1,695.8 billion in 2020, and is estimated to reach $3,258.7 billion by 2030, growing at a CAGR of 6.8% from 2021 to 2030. Advanced energy consists of technologies, products, and services in the categories including power generation, electricity delivery & management, building efficiency, water efficiency, transportation, and fuel production & …
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North America graphite market is anticipated witness the second-highest CAGR of 5.4% during the forecast period. Based on region, Asia-Pacific accounted for the highest share in terms of revenue, holding nearly half of the total share in 2019, and is estimated to maintain its dominant share during the forecast period. Moreover, this region is expected …
The global power device analyzer market size was valued at $423.25 million in 2021 and is estimated to reach $616.79 million by 2030, growing at a CAGR of 4.3% from 2022 to 2030. Power device analyzer markets are highly used in medical, electrical & electronics, and other industries. In addition, rapid expansion of healthcare industry across the …
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The global shale gas market size was valued at $57.2 billion in 2020, and is projected to reach $130.3 billion by 2030, growing at a CAGR of 8.5% from 2021 to 2030. Shale gas refers to natural gas that is trapped within shale formations. Shales are fine-grained sedimentary rocks that can be rich sources of …
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The thin film solar cell market size was valued at $11.3 billion in 2020, and is projected to reach $25.3 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030. The factors that drive the market growth are increase in awareness toward green energy, rise in energy consumption across the globe, growth in …
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