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, also known as a power factor correction (PFC) system or capacitor compensation bank, is a collection of capacitors that are connected …
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The membrane switch market size was valued at $5.7 billion in 2021, and is estimated to reach $12.4 billion by 2031, growing at a CAGR of 8% from 2022 to 2031. A membrane switch is a type of electrical switch used in various electronic and control panel applications. Unlike traditional mechanical switches with physical moving …
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The molded case circuit breakers market size was valued at $9.2 billion in 2021, and molded case circuit breakers industry is estimated to reach $15.5 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031. MCCBs are widely used in residential, commercial, and industrial applications to protect electrical equipment and systems from …
The medium voltage switchgear market size was valued at $14.5 billion in 2021, and medium voltage switchgear industry is estimated to reach $31.7 billion by 2031, growing at a CAGR of 8.2% from 2022 to 2031. Medium voltage switchgear refers to electrical equipment used to control, protect, and isolate electrical circuits in systems where the …
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The lithium-ion battery market size was valued at $46.2 billion in 2022, and lithium-ion battery industry is estimated to reach $189.4 billion by 2032, growing at a CAGR of 15.2% from 2023 to 2032. A lithium-ion (Li-ion) battery is a type of rechargeable battery that uses lithium ions to store and release electrical energy. Li-ion …
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The global smart energy market size was valued at $124.0 billion in 2019, and is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027. Smart energy refers to the use of advanced technologies, data analytics, and intelligent systems to optimize the generation, distribution, consumption, and management of …
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Allied Market Research recently published a report titled, “Construction Flooring Chemical Market by Type (Soft Covering, Resilient, Non-resilient, and Others) and Application (Residential, Commercial, Infrastructure, and Repair Structure) – Global Opportunity Analysis and Industry Forecast, 2015-2023”. According to the report, the recent technological advancements and launch of new products have a significant influence on the …
Cumene Market By Production technology (Zeloite, Solid Phosphoric Acid, Aluminum Chloride), By Application (Phenol, Acetone, Others): Global Opportunity Analysis And Industry Forecast, 2021-2030.” According to the report, the global cumene industry generated $18.6 billion in 2020, and is expected to reach $28.0 billion by 2030, witnessing a CAGR of 4.3% from 2021 to 2030. The global cumene market has witnessed significant growth …
The small wind power market size was valued at $7.4 billion in 2020, and global market forecast projected to reach $17.1 billion by 2030, with global small wind forecast expected at a CAGR of 8.8% from 2021 to 2030. Small wind power, often referred to as small-scale or residential wind power, involves the use of …
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The solar cables market size was valued at $0.9 billion in 2022, and is estimated to reach $2.9 billion by 2032, growing at a CAGR of 12.4% from 2023 to 2032. Solar cables, also known as photovoltaic (PV) cables or solar panel cables, are specialized electrical cables designed for use in solar power systems. These …
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