“Increase in fuel cell based electric vehicles and hydrogen storage infrastructure across the globe to improve energy efficiency are set to drive the global hydrogen energy storage market”
The global hydrogen energy storage market is projected to reach USD 119.2 Billion by 2027 from an estimated market size of USD 13.8 Billion in 2022, at a CAGR of 54.0% during the forecast period. The market has a promising growth potential due to several factors, including the role of hydrogen energy storages playing in carbon emission reduction and Increase in fuel cell based electric vehicles and hydrogen storage infrastructure are driving the hydrogen energy storage market.
“Gas: The fastest growing segment of hydrogen energy storage market, by state”
Hydrogen as a gas is colorless, h......
|
$4950 |
|
“The American Medium-voltage cable market is projected to grow at a CAGR of 5.1% from 2022 to 2027”
The Americas medium-voltage cables market is anticipated to grow from an estimated USD11.1 billion in 2022 to USD14.2 billion in 2027, at a CAGR of 5.1% during the forecast period. The market has a promising growth potential due to increased demand for distribution networks due to increased power demand and increased capacity for renewable energy is propelling the demand for Americas medium-voltage cables market
“Ethylene-propylene Rubber (EPR): Second largest insulation material for manufacturing Americas medium-voltage cables market, by insulation type“
The insulation type segment is categorized as Cross-linked Polyethylene (XLPE), Ethylene-propylene Rubber (EPR), High mod......
|
$4950 |
|
“Paradigm shift towards the renewables is expected to boost the growth of the switchgear market”
The global switchgear market is expected to reach USD 120.1 billion by 2027 from an estimated USD 90.9 billion in 2022, at a CAGR of 5.7% from 2022 to 2027.The growth of the switchgear market is proportional to the growth of the global industrial and manufacturing sectors, which are the primary drivers of growth in demand for electricity. Apart from this, an increase in the share of renewables in the electricity mix has led to the replacement of aging infrastructure and the deployment of smart grids to achieve higher efficiencies and remote monitoring. Switchgears, as a result, may experience a growth in demand during the forecast period.
“Outdoor: The fastest-growing segmen......
|
$4950 |
|
“Digitalization and automation pertaining to increase in number of data centers driving the power unit distribution market”
The power distribution unit market is projected to reach USD 5.7 billion by 2027 from an estimated of USD 3.9 billion in 2022, in order to meet the increasing demand from telecom & IT sector. Some of the major driving factors for the market include the increase in number of data centers. Secondly, growing investments in automation and digitalization supports the implementation of power distribution unit market. Increasing application of power distribution unit in various industries is likely to propel the growth of power distribution unit market.
Power distribution units can either be basic or intelligent, depending on the features they have. The......
|
$4950 |
|
“Supportive rules and regulations across the globe to improve energy efficiency are set to drive the global large-scale natural refrigerant heat pump market”
The global large-scale natural refrigerant heat pump market is projected to reach USD9.1 Billion by 2027 from an estimated market size of USD5.8 Billion in 2022, at a CAGR of 9.4% during the forecast period. The market has a promising growth potential due to several factors, including the role of large-scale natural refrigerant heat pumps playing in carbon emission reduction and government incentives and regulations to improve energy efficiency.
“Carbon dioxide (R-744) natural refrigerant heat pump: The fastest growing segment of large-scale natural refrigerant heat pump market, by natural refrigerants”
Carbon dioxide......
|
$4950 |
|
“The pressure vessel market is projected to grow at a CAGR of 4.8% from 2022 to 2027”
The pressure vessel market is anticipated to grow from an estimated USD 47.1 Billion in 2022 to USD 59.5 Billion in 2027, at a CAGR of 4.8% during the forecast period. The market has a promising growth potential due to increased demand for boilers, especially in Asia-Pacific. The rapidly expanding power sector is also propelling demand for pressure vessels. The advancements in supercritical and subcritical technologies are expected to offer lucrative opportunities for the pressure vessel market during the forecast period.
“Steel Alloys: Widely used material for manufacturing pressure vessels, by materials“
The material segment is categorized as steel alloys, composites, and other alloys......
|
$4950 |
|
“The industrial burner market is projected to grow at a CAGR of 6.1% from 2022 to 2027”
The industrial burner market is anticipated to grow from an estimated USD 5.9 billion in 2022 to USD 7.9 billion in 2027, at a CAGR of 6.1% during the forecast period. The market has a promising growth potential due to increased deployment of natural gas-based industrial burners, especially in Europe. Therapidly expanding manufacturing sector is also propelling demand for industrial burners and combustion systems. The rising adoption of biofuels, hazardous waste, and hydrogen-based industrial burners are expected to offer lucrative opportunities for the industrial burner market during the forecast period.
“Monoblock: The fastest-growing segment of the industrial burner market, by automation�......
|
$4950 |
|
“Increasing adoption of fuel cell vehicles as governments are coming up with initiatives to cut down emissions set to drive the fuel cell market”
The global fuel cell market size is estimated to be USD 2.9 billion in 2022 and is projected to reach USD 9.1 billion by 2027, at a CAGR of 26.0%. The market has a promising growth potential due to several factors, including the stringent norms on GHG emission across the globe, increasing R&D grants, increasing need of energy efficient power generation, and spur in demand of public as well as personal fuel cell electric vehicles.
“Stationary, The largest segment of fuel cell market, by application”
In the stationary application of fuel cells, the output required can be as high as multi megawatts (MW) or as low as less than 1 ......
|
$4950 |
|
“The variable frequency drive market is projected to grow at a CAGR of 4.8% from 2022 to 2027”
The variable frequency drive market is anticipated to grow from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027, at a CAGR of 4.8% during the forecast period. The advantages associated with the use of variable frequency drives include reduced energy consumption and costs, increased energy efficiency, extended equipment life, and low maintenance costs. They are used for variable torque applications in the oil & gas, power, infrastructure, and industrial sectors. These factor would drive the growth of variable frequency drive.
“Pumps: The fastest-growing segment of the variable frequency drive market, by application“
The pumps segment is estimated to grow from......
|
$4950 |
|
The cryogenic equipment market is expected to reach USD 17.4 billion by 2027, at a CAGR of 6.8% from 2022 to 2027
The global cryogenic equipment market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period.The factors driving the growth for cryogenic equipment market are high demand for industrial gases from metallurgy, and energy & power industries and growing demand for cryogenic equipment across entire LNG value chain.
“Tanks segment dominates the global market”
The cryogenic equipment market, by equipment, is segmented into tanks, valves, vaporizers, pumps and others. Other equipment include pipes, regulators, freezers, dewar, strainers, samplers, heat exchangers, leak dete......
|
$4950 |
|
