The natural gas storage market was valued at $300.8 billion in 2021, and is estimated to reach $629.0 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031. Natural gas storage refers to the process of storing natural gas in underground reservoirs or aboveground facilities to meet future demand. Natural gas is …
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The global capacitor bank market was valued at $3.9 billion in 2021, and is projected to reach $6.0 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. A capacitor bank is a collection of capacitors that are connected together in parallel or in series to store electrical energy. Capacitors are electronic …
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The micro turbine market size was valued at $234.7 million in 2021, and microturbine industry is estimated to reach $547.9 million by 2031, growing at a CAGR of 8.9% from 2022 to 2031. A micro turbine is a small gas turbine engine that typically produces power in the range of 25-500 kilowatts. Micro turbines are …
The industrial installation tester market is expected to grow significantly during the forecast period due to the increasing demand for industrial installation testers for various industrial applications. Industrial installation testers are used for testing and inspecting the various components of industrial assemblies, such as electrical wiring, telecommunications, and networking equipment. These devices are used to …
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The inclusion of regasification and liquefaction capacity at LNG terminals is known as planned LNG. The planned LNG market was valued at $102.2 billion in 2019 and is projected to reach $58.9 billion by 2030, growing at a CAGR of 9.9% from 2020 to 2030. The global planned LNG market is witnessing significant growth, owing …
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The demand for drilling services majorly depends on the exploration, production, and development activities conducted by mining companies, specifically with respect to commodities such as gold, copper, and other metals. Drilling services also comprise a wide range of drilling technologies such as surface &underground diamond coring, reverse circulation, sonic drilling, and others. The mining drilling services …
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Clean hydrogen is the form of hydrogen that is produced through processes that result in lower carbon emissions (through carbon capture, storage, and utilization (CCUS)) or zero carbon emissions. Climate change and net-zero commitments are major reasons for the shift from fossil fuels to alternatives such as synthetic fuels, renewables, nuclear fusion energy, clean hydrogen, and …
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Fossil fuel is a hydrocarbon-containing substance that is naturally produced in the Earth’s crust from the remnants of deceased vegetation and creatures. Examples of fossil fuels include coal, gasoline, and natural gas. Fossil fuels can be consumed to produce energy, power motors (like internal combustion engines in cars), or provide heat for immediate use (like …
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The global lead–acid battery market size was valued at $39.7 billion in 2018, and is projected to reach $59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026. A lead-acid battery is a type of rechargeable battery that is commonly used in vehicles and backup power systems. It consists of lead …
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The global utility poles market was valued at $45.6 billion in 2018, and is projected to reach $58.8 billion by 2026, growing at a CAGR of 3.2% from 2019 to 2026. Utility poles are tall wooden or metal structures that are used to support overhead power lines, telecommunication lines, and other types of cables. They …
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