The synchronous condenser market size was valued at $568.9 million in 2020, and is projected to reach $751.0 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030. A synchronous condenser, also known as a synchronous capacitor or synchronous compensator, is a type of electrical device used in power systems to provide …
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The cast resin dry type transformer market size was valued at $3.0 billion in 2020, and is projected to reach $5.0 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030. Cast resin dry type transformers are magnetic core transformers in which the windings and core are kept in a sealed tank …
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The mobile battery market size was valued at $21.2 billion in 2020, and is projected to reach $38.6 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030. Mobile batteries are the batteries used to provide electric power to mobile phones for their operations. Mobile phones or smartphones have become the most …
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Global wired charging is growing at exponential rate due to rising electric vehicle and extensive use of electronic gadgets in our daily life. In addition, rising environmental regulations related to oil & gas led to increase in demand of electric vehicle which creates ample of opportunities for the market. The wired charging market size was …
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The power distribution unit market size was valued at $4.1 billion in 2020, and is projected to reach $7.9 billion by 2030, growing at a CAGR of 6.9% from 2021 to 2030 A power distribution unit is an electrical device that has multiple sources of integrated power outputs. Each power output socket can be connected …
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The Global Surge Protector Market size was valued at $3.9 billion in 2020 and is anticipated to generate $6.8 billion by 2030. The market is projected to experience growth at a CAGR of 5.4% from 2021 to 2030. Power surge protector is designed to protect electrical appliances from voltage spikes. These protectors limit voltage supplied …
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The global traction battery market is expected to possess high growth potential in the coming years, owing to its use in electric vehicles, industrial, and locomotives. The increasing awareness for environment-friendly vehicles and rising volatility in fuel prices have surged the demand for electric vehicles. Moreover, factors, such as electrification of the transport sector and …
The solar panel recycling market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for solar photovoltaic panels from residential, commercial, industrial applications. In addition, increase in government activities toward the production of solar energy across the globe fuels the growth of the market. …
The excitation systems market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for synchronous machines from various end use industries. In addition, rise in investment towards power infrastructure projects fuels the growth of the excitation systems market. However, complicated design and disadvantages of …
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Increase in demand for membrane pumps from end-use industries, such as chemical, water & wastewater treatment, is expected to drive the membrane pump market during the forecast period. Moreover, technological advancement has resulted in an increase in adoption of membrane pumps in many industries. However, problem associated with pulsation is expected to hinder the market …