Rise in electricity consumption for commercial and industrial applications has increased the supply–demand gap in the power market. This slit is even more obvious during the peak hours for power consumption. This has propelled the expansion of power rental systems, which are proficient in providing provisional electricity at times of low supply of power. Furthermore, …
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Global power transformer market was valued at $27.7 billion in 2019, and is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020 to 2027. Power transformer is a type of transformer used primarily to receive low voltage generator electric power and transmit it across distribution channels across the power grid …
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Airports contribute to the significant amount of carbon dioxide emissions and are also associated with emission of greenhouse gasses from aircraft with high-energy consumption. Thus, currently, there is an increased use of renewable energy technologies to reduce the emission level. Solar energy systems are increasingly being installed in parking garages, roofs of airport terminals, and …
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Rapid industrialization and technological advancement have increased the demand for fuel across the globe. The oil field air drilling method is considered to be more efficient than other methods as it offers better results at a cheaper cost. With the rapid growth in the transport and automobile industries, there is a huge demand for petroleum …
The rapid infrastructural development and globalization around the world have propelled the demand for electricity and this has acted as a major driver in the growth of the global aluminum conductor market. Initially, aluminum conductors having steel cores were used to strengthen the wires. However, presently these steel cores have been severely corroded and there …
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The rapid technological advancements and innovations across the globe in the exploration of crude oil and other natural gases have played a major role in the growing popularity of well-logging tools in the market. These tools are used for various applications such as well monitoring and also for water injection in the wells. The demand …
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Global Bromine derivative market is set to exceed $1.35 billion by 2030, and to witness at a CAGR of 5.1% from 2020 to 2030. Rise in urbanization, need for enhanced infrastructure, and rapid rise of pharmaceuticals drive the growth of the global bromine derivative market. However, stringent government regulations on chemicals hinder the market growth. …
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According to the report published by Allied Market Research, the global electrostatic discharge (ESD) trays market accrued $0.65 billion in 2021, and is predicted to garner $1.3 billion by 2030, registering a CAGR of 8% from 2022 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional …
The surge in demand for inter-country and island power connections as well as an increase in demand from the offshore wind power sector drive the growth of the market. The high frequency of submarine cables maintenance and repair work is expected to limit the submarine power transmission cables market. The ongoing expansion of offshore oil …
From a technological point of view, it is important to make the industrial power plants more advanced which will increase their efficiency. Industries are trying to cut their expenses which is raising the adaptation of technology (IoT) internet of things. Large investments are being done to set up new railway projects, green energy power plants, …
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