The global PV Inverter market is projected to grow at a moderate CAGR of over 5.1% during the forecast period of 2022-2032, reaching a value of about US$ 2.15 Bn in 2032 from the US$ 1.28 Bn in 2021. Solar (PV) inverters are the heart of photovoltaic panels installed for harnessing solar energy by converting direct current (DC) …
Monthly Archives: October 2022
Digital Substation Market is Estimated to Grow at a 7.3% CAGR from 2022 to 2032
The digital substation market is estimated to be valued at US$ 6.5 Bn in 2021 and is expected to be worth US$ 14.11 Bn by 2032, growing at a 7.3% CAGR from 2022 to 2032. In addition, the increased demand for energy from renewable resources in developed countries to support sustainable development has boosted digital substation market growth even more. The global digital substation market has grown …
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Sustainable Aviation Fuel Market is Bound to Grow at a CAGR of 60% During 2022 to 2032
The sustainable aviation fuel market was worth US$ 220 Mn in 2021 and is expected to reach US$ 15 Bn by 2030, with a CAGR of 60% from 2022 to 2032. The COVID-19 virus has spread across the globe without regard for national boundaries. As a result, it has had a severe economic and financial impact on all industries, sectors, and facets …
Gas Engines Market is Estimated to Grow to US$ 7.47 Bn by 2032 | Future Market Insights, Inc.
The global gas engine market is projected to grow to US$ 4.8 billion by 2022. With sales increasing at a moderate CAGR of 4.1% over the forecast period of 2022-2032, the gas engine market is anticipated to reach an estimated value of US$ 7.47 Bn by the end of 2032. Market potential for gas engines is anticipated to increase with the …
Gas Turbine Market is Estimated to Grow at a 4.0% in 2022-2032 | FMI
The gas turbine market size is estimated to be valued at US$ 19 Bn in 2021 and projected to reach US$ 23 Bn by 2026, with an expected CAGR of 4.0% from 2022 to 2032. Emerging gas turbine markets such as China and India provide various untapped and undiscovered prospects for the market to expand. Competitive advantage of gas …
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Subsea Multiphase Flowmeter Market with Potential Impact, Despite COVID-19 Pandemic, Finds FMI
Substantial increase in the focus on developing integrated flow metering solutions with automation and digitalization technologies, suitable for various applications are expected to drive the global subsea multiphase flowmeter market. As per Future Market Insights (FMI), the global subsea multiphase flowmeter market is projected to be valued at ~US$ 616.6 Mn in 2021. The ongoing COVID-19 crisis …
Global Oil and Gas Fittings Market is Estimated to Grow at CAGR of 3.4% in 2029 | FMI
The oil and gas fittings market to register year-on-year growth of 3.2% CAGR in 2022 reaching a value of about US$ 1,326.8 Mn by 2022 and US$ 1,675.4 Mn in 2029 Oil and gas fittings such as tees and flanges are major segments expected to dominate the market. It is used in upstream, midstream, and downstream applications, with the most popular upstream …
Carbon Steel Tubing in Oil and Gas Lift Applications Market is Estimated to Grow at a CAGR of 3.9% in 2028
The sales of carbon steel tubes for lift application in Oil and Gas industry is projected to be worth around US$ 5.57 Bn in 2022. With bourgeoning demand for oil and gas across the world, the overall market is projected to grow at a steady CAGR of 3.9% between 2022 and 2028, surpassing a valuation of US$ 7 Bn by 2028. Rising energy …
Polymer Solar Cells Market is Estimated to Grow at a 21.5% in 2027 | FMI
The global polymer solar cells market is projected to register a high CAGR of 21.5% during this period to reflect a market evaluation of a little more than US$ 290 Mn by the end of 2027 from an estimation of about US$ 34 Mn in 2016. This research report also studies several opportunities for manufacturers and suppliers/distributors of the polymer …
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Solar Charge Controller Market is likely to Hold a Valuation of US$ 4.44 Billion by 2032
The global solar charge controller market titled ‘Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028’. According to FMI, the solar charge controller market was valued at US$ 1.4 billion at the end of 2017 and is anticipated to grow at an impressive CAGR to reach US$ 3.4 billion by end of the forecast period. Global …