Report Title
The global hydrogen generation market size stood at USD 169.3 million in 2023, and it is expected to advance at a compound annual growth rate of 9.4% during 2024–2030, to reach USD 315.3 million by 2030.
The global carbon credit trading platform market accounted for a size of USD 64.3 billion in 2023, and it is set to touch USD 362.8 billion by 2030, advancing at a compound annual growth rate of 29.2% during 2024–2030.
The gas engines market size stood at USD 4,692.1 million in 2022, and it is expected to witness a compound annual growth rate of 4.0% during 2023–2030, to reach USD 6,334.7 million by 2030.
The global residential energy storage market size was USD 815.2 million in 2022, and this number is expected to increase to USD 3,099.8 million by 2030, advancing at a CAGR of 18.2% during 2022–2030.
The global advanced lead–acid battery market size stood at USD 24.2 billion in 2022, and it is expected to propel at a compound annual growth rate of 7.3% during 2022–2030, to reach USD 42.6 billion by 2030.
The global electric traction motor market was valued at USD 12,669 million in 2022, and it is projected to grow at a CAGR of 13.5% between 2022 and 2030.
The solid oxide fuel cell market size stood at USD 470 million in 2022, and it is projected to advance at a compound annual growth rate of 34.4% during 2022–2030, to reach USD 5,005 million by 2030.
The electric motors market size stood at USD 123.76 billion in 2022, and it is expected to grow at a compound annual growth rate of 6.75% during 2022–2030, to reach USD 208.70 billion by 2030.
The biomass gasification market size stood at USD 107.7 billion in 2022, and it is expected to grow at a CAGR of 7.16% during 2022–2030, to reach USD 187.3 billion by 2030.
The fuel cell generator market size stood at USD 330 million in 2022, and it is expected to advance at a compound annual growth rate of 17.50% during 2022–2030, to reach USD 1,199 million by 2030.
The global power rental market size stood at USD 9,702 million in 2022, and it is expected to grow at a CAGR of 5.7% during 2022–2030, to reach USD 15,117 million by 2030.
The global lithium-ion battery recycling market is estimated to generate $4,781 million in 2022, and it will advance at a compound annual growth rate of 20.45% during 2022–2030, to reach $21,184 million by 2030.
The global virtual power plant market was valued at $3,367.7 million in 2022, and it is expected to display a CAGR of 16.9% during the forecast period, reaching $12,273.3 million by 2030.
The Indian diesel genset market size estimated at $937.1 million in 2022, and it is expected to advance at a compound annual growth rate of 8.8% during 2022–2030, to reach $1,839.5 million by 2030.
The Malaysian diesel generator set market size stood at around $82.6 million in 2021, and it will grow at a CAGR of 1.9% during 2021–2030, to reach $97.9 million by 2030.
The telecom power system market size was valued at $3,974.1 million in 2021, and it is expected to reach $7,360.2 million in 2030, propelling at a growth rate of 7.1% during 2021–2030.
The Thailand DG set market size was $158.3 million in 2021, and it is expected to generate $236.9 million in 2030, progressing at a CAGR of 4.6% during 2021–2030.
The U.A.E. diesel generator set market was valued at $143.6 million in 2021, and it is expected to witness a CAGR of 4.0% during 2021–2030.
The Zambian diesel genset market size stood at $13,762.1 thousand in 2021, and it is expected to demonstrate a CAGR of 4.9% during 2021–2030.
The Madagascar diesel genset market size generated an estimated $21,429.8 thousand revenue in 2021, and the market size will advance at a CAGR of 2.9% during 2021–2030.
The South African DG set market size generated an estimated revenue of $113,289.3 thousand in 2021, and the market size will advance at a CAGR of 3.9% during 2021–2030.
The U.S. diesel genset market size stood at $2,175.6 million in 2021, and it is expected to rise at a growth rate of 4.1% during 2021–2030.
The Ghana DG set market size stood at $54,572.6 thousand in 2021, and it is expected to demonstrate a CAGR of 2.3% during 2021–2030, to reach $67,032.6 thousand by 2030.
The data center power generators market size stood at $5,097.1 million in 2021, and it is expected to rise at a growth rate of 5.9% during 2021–2030.
The data center power market revenue stood at $19,555.1 million in 2021, and it is predicted to grow at a CAGR of 6.1% between 2021 and 2030, to reach $33,380.1 million by 2030.
The Philippines diesel generator set market size stood at $152.9 million in 2021, which is expected to reach $245.2 million by 2030, at a CAGR of 5.4% during 2021–2030.
From an estimated $143.6 million in 2021, the Indian prime power diesel genset market value is projected to demonstrate a CAGR of 10.6% during 2021–2030.
The Indonesian diesel genset market generated an estimated revenue of $339.9 million in 2021, and it is expected to grow at a CAGR of 4.5% during 2021–2030, primarily due to the growth in the industrial and construction sectors, high incidence of power outages, and boom of the telecom sector.
The Nigerian diesel genset market generates $445.1 million revenue in 2021, and it is expected to grow at a CAGR of 6.8% during the forecast period (2021–2030).
The Nigerian gas genset market generates $259.8 million revenue in 2021, and it is expected to grow at a CAGR of 7.9% during the forecast period (2021–2030). The key factors responsible for the growth of the market include the booming industrial and commercial development amidst long-standing energy crisis.
The Indian residential diesel genset market generated $91.3 million revenue in 2020, and it is expected to grow at a CAGR of 7.1% during 2020–2030.
The global diesel genset market stood $13,773.0 million in 2019, which is set to witness a CAGR of 6.0% during the forecast period (2020–2030). This growth is majorly attributed to the rising demand for emergency and stationary power backup across various end-use industries, namely marine, oil & gas, manufacturing, healthcare, construction, telecom, and automotive.
The Iranian diesel generator set market is expected to witness a strong growth during the forecast period, owing to the increasing demand for diesel generator (DG) sets from the industrial sector of the country. In recent years, the country has received investments for the setup of new manufacturing facilities, along with the growth in the construction sector.
A key trend observed in the Kuwaiti diesel generator set market is the steady-increasing usage of diesel generator (DG) sets in the commercial sector. The government of the country is taking initiatives for diversifying the economy from the oil sector. Additionally, it is focusing on providing adequate infrastructure to meet the growing needs of the citizens.
A key trend being observed in the Singapore diesel generator set market is the demand for such equipment from data centers and the infrastructure sector of the country.
The Russian diesel generator set market is poised to witness strong growth on account of the increasing investments in the development of public infrastructure, such as hospitals, educational institutes, and shopping complexes.
In recent times, increasing usage of diesel generator sets in the mining sector of Australia is boosting the Australian diesel generator set market growth. Since mining sites in the country are at remote locations, wherein there is no grid connectivity, diesel gensets serve as a solution for power generation required for mining purpose.
In recent years, the Qatar diesel generator set market has witnessed a rise in demand from the mining and metalworking sector. Since the mines in the country are in remote locations where there is no access to the grid, DG sets play a vital role in supplying power for continuous operations.
The India gensets market size stood at $554.5 million in 2019, and it is set to grow at a CAGR of 6.8% during the forecast period (2020–2030). This is mainly attributed to the rising demand for medium- and high-power gensets from the commercial sector and growing construction and manufacturing industries.
From $17,592.6 million in 2019, the global genset market is expected to reach $27,863.8 million by 2030, witnessing a CAGR of 5.8% during 2020–2030.
The major trend identified in the global smart battery charger market is rapid development in the electric vehicle smart charging management system. Traditional charger are not connected to the cloud, but with smart battery charger, one can monitor, manage, and restrict the use of one’s device remotely to optimize energy consumption. Further, in order to create a more sustainable energy system based on renewable energy sources, electric vehicle chargers and charging systems need to be smart.
The major trend identified in the power tool batteries market is the growing consumer preference toward cordless power tools, owing to an increase in the demand for more-mobile and easy-to-carry equipment.
One of the major trends identified in the global combined heat and power (CHP) installation market is technological innovation in the designing of micro CHP systems to reduce cost and improve efficiency, along with the availability of fuel variants.
Prominent trend identified in the global distributed energy generation systems market is increasing investment for micro grids due to lack of proper macro grid connectivity in several countries. In November 2016, International Energy Agency (IEA), estimated that 1.2 billion people, around 17% of the world’s population have no or a very limited access to electricity with the majority of this population located in Sub-Saharan Africa and East Asia.
Prominent trends identified in the global smart grid technology market are growing investments in research and development (R&D) of smart technology software such as wide area monitoring and controlling, renewable energy integration, and advanced metering infrastructure. Also, several governments are looking for efficient methodologies to manage distribution of energy sources and reduce carbon emissions released by conventional energy resources.
Major trend being witnessed in the global wave and tidal energy market is the increased investment in the development of power projects associated with wave and tidal energy. Owing to the limited availability of conventional fuels such as oil, gas, and coal along with associated pollution released by the consumption of these fuel sources, a large number of countries are investing in cleaner energy sources, including wave and tidal energy.
The thermal energy storage market revenue stood at $3,000.9 million in 2017, and it is expected to reach $7,472.9 million by 2023, advancing at a CAGR of 15.9% during 2018–2023.
World over, the focus on adoption of cleaner energy has resulted in increased development of renewable power projects. However, these projects being intermittent in nature have resulted in development of battery storage solutions that can effectively coordinate with grid operations. Grid scale battery are the energy storage solutions meant for storing electricity on a large scale mainly in an electrical power grid.
With the onset of renewable energy projects and rising sales of electric vehicles, the demand for highly efficient batteries has increased considerably. Lithium Air batteries are one such energy storage solutions which have high capacity to store power. These batteries are different from the traditional Lithium-ion batteries which utilizes intercalated lithium-based compound as lithium air batteries mainly use Lithium and air for facilitating the flow of energy.
Thermally driven heat pumps are gaining huge popularity with the growing emphasis on being eco-friendly. Some of the major factors driving the thermally driven heat pumps market include soaring demand for renewable energy, rising oil and electricity prices and growing measures to reduce carbon footprints, globally. However, the lack of customer awareness and higher cost of initial set-up are hampering
Critical power and cooling solutions include uninterrupted power supply (UPS), generators, converters, inverters, transfer switches, power transfer switching, breaker transfer pairs, generator paralleling breakers, switch transfer pairs, air conditioning, chilling units, cooling towers, liquid cooling solutions, economizer systems, control systems, pumping units, humidifiers, and air coolers. Critical power and cooling solutions provide protection against data loss, hardware damage and downtime. Additionally, critical pow
The global dry-type transformer market is expected to showcase considerable growth during the forecast period (2016 - 2022) on account of growing energy demands, reduction in fire hazards and increasing requirement for adopting safe methods to distribute electricity for residential and commercial applications. The safety advantages and the environment-friendly nature of dry-type transformers over oil-filled transformers are expected to further spur the
The global busbar market has been witnessing considerable growth due to increasing application of busbars in the power infrastructure sector, which includes substations, switchgear, transformers and other transformation and distribution (T&D) equipment. With the rise in power generation, transmission and distribution projects, the global demand for busbars is expected to witness a substantial increase during the forecast period. Further, emerging
The global temporary power market is driven by various factors including growth of construction and infrastructural activities, lack of electricity supply and an increase in the number of planned events. The temporary power market has a large end-user base, including events, construction, manufacturing, mining, telecom, utilities, oil and gas and residential. The utilities and oil and gas segments are among the largest segments driving the temporary power market across the globe. The growth can be attributed to the lack of e
The petroleum coke market is growing at a significant rate due to emerging economies in the Asia-Pacific region. As the largest importer of petroleum gas, Asia-Pacific dominates the petroleum coke market in terms of demand. In China, most of the petroleum coke is used in power plants for generating electricity, whereas in India most of the petroleum coke is used in cement kilns owing