Power & Energy Industry Reports
Explore In-Depth Reports on Power & Energy Industry. Offering Past Performance, Recent Statistics, and Future Revenue Prospects, These Reports Offer Precise Insights to Stay Ahead with Recent Industry Trends.
The global power rental market size was USD 11.0 billion in 2024, and the market size is predicted to reach USD 17.5 billion by 2032, advancing at a CAGR of 6.0% during 2025–2032. The market is expanding because various industries including ...
The global battery management system market is valued at USD 13.4 billion in 2024, and it is expected to reach USD 36.1 billion by 2032, growing at a CAGR of 13.4% between 2024 and 2032. This is primarily attributed to the increasing demand...
The U.S. solar panel market revenue was USD 30.9 billion in 2024, and it is expected to witness a CAGR of 12.5% from 2025 to 2032, reaching USD 78.4 billion in 2032. This market growth can be attributed to the rising focus of the country's govern...
The U.S. battery market valued USD 17.9 billion in 2024, and this number is expected to increase to USD 49.0 billion by 2032, advancing at a CAGR of 13.6% from 2025 to 2032. The market is primarily driven by the growing adoption of electric vehicles,...
The U.S. thermal energy storage market revenue was USD 890.1 million in 2024, and it is expected to witness a CAGR of 13.1% from 2025 to 2032, reaching USD 2,357.7 million in 2032. With the rising electricity cost in the United States, thermal energy...
The U.S. lithium-ion battery market valued at USD 15.3 billion in 2024, and it is expected to grow at a CAGR of 20.3% during 2025–2032, reaching USD 65.1 billion in 2032. This is the result of the increasing demand for electric vehicles, the ri...
The U.S. wind turbine installation market size was USD 5.1 billion in 2024, which is expected to reach USD 8.4 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025–2032). The market is propelled by the rising demand fo...
The U.S. shale gas market was valued at USD 36.8 billion in 2024, which is expected to grow at a CAGR of 6.0% during the forecast period (2025–2032), to reach USD 57.8 billion by 2032. This is due to the advances in the process of fracking by h...
The U.S. nuclear power market valued USD 13.3 billion in 2024, and this number is expected to increase to USD 19.6 billion by 2032, advancing at a CAGR of 5.1% during 2025–2032. The market is driven by the growing demand for electricity due ...
The U.S. energy storage market generated 48.3 GW in 2024, and this is expected to increase to 120.3 GW by 2032, advancing at a CAGR of 12.2% during 2025–2032. This is due to the increasing integration of renewable sources of energy, such as ...
The U.S. petroleum refining market size was USD 793.3 billion in 2024, which is expected to reach USD 1,168.3 billion by 2032, growing at a CAGR of 5.1% during the forecast period of 2025–2032. This is because fuel requirements continue to incr...
The U.S. ethanol market size was USD 27.6 billion in 2024, which is expected to reach USD 42.1 billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025–2032). The market growth is credited to the high-volume consumption of...
The U.S. electric power transmission and distribution market valued USD 89.9 billion in 2024, and this number is expected to increase to USD 110.4 billion by 2032, advancing at a CAGR of 2.7% during 2025–2032. The rising electricity needs, grow...
The U.S. wind power market valued USD 18.2 billion in 2024, and this number is expected to increase to USD 27.1 billion by 2032, advancing at a CAGR of 5.3% during 2025–2032. The substantial developments in renewable energy technologies and pol...
The U.S. Petrochemical Market size was USD 116.9 billion in 2024, which is expected to reach USD 210.7 billion by 2032, growing at a CAGR of 7.8% during the forecast period (2025–2032). This is because of the advancing technology, easy availabi...
The U.S. natural gas distribution market was valued at USD 170.0 billion in 2024, and this number is expected to increase to USD 186.0 billion by 2032, advancing at a CAGR of 1.0% during 2025–2032. Natural gas still plays an important role in t...
The U.S. hydrogen generation market size was estimated to be worth USD 20.7 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 9.5% from 2025 to 2032, reaching USD 42.2 billion by 2032. This is due to the encourage...
The global heat transfer fluids market size in 2024 was USD 4.3 billion, and it is expected to advance at a CAGR of 4.9% during 2025–2032, to reach USD 6.2 billion by 2032. Heat transfer fluids are liquids that are utilized as a medium or carri...
The global wind tower market was valued at USD 28.0 billion in 2024, which is further expected to increase to USD 50.2 billion by 2032, advancing at a CAGR of 7.7% during the forecast period (2025–2032). This can be ascribed to the rising need ...
The U.S. battery recycling market size in 2024 was USD 498.24 million, which will reach USD 5,169.74 million by 2032 at a CAGR of 34.09% during 2025–2032. This is credited to the nation’s pursuit of sustainable and environment-friendly so...
The global diesel exhaust fluid market size stood at USD 38.3 billion in 2024, and it is expected to advance at a compound annual growth rate of 7% during 2025–2032, to reach USD 65.7 billion by 2032. The key factor driving the growth of the...
The size of the U.S. solar power market in 2024 was USD 53.45 billion, and it will reach USD 123.86 billion by 2032 at a CAGR of 11.19% during 2025–2032. The market in the U.S. is growing due to the rising demand for clean energy and declining ...
The global hydrogen energy storage market size was USD 18.5 billion in 2024, and it is expected to reach USD 459.5 billion by 2032, advancing at a growth rate of 48.2% during 2025–2032. Hydrogen energy storage solutions are expected to wit...
The global functional safety market size in 2024 stood at USD 6.84 billion, and it is expected to advance at a CAGR of 7.79% during the forecast period (2025–2032), to reach USD 12.35 billion by 2032. Functional safety is a term that applies to...
The industrial control transformer market generated revenue of USD 1,033.57 million in 2024, which is expected to witness a CAGR of 4.88% during 2025–2032, reaching USD 1,499.17 million in 2032 due to the increasing demand for advanced control ...
The hydrogen storage and transportation tanks market generated revenue of USD 367.45 million in 2024, and it witness a CAGR of 52.96% during 2025–2032, reaching USD 10,941.34 million by 2032. The progress being made in the technology for pro...
The Rwandan gas genset market has a size of USD 6.5 million in 2024, which is set to reach USD 11.0 million by 2032, rising at a CAGR of 6.9% during the forecast period (2025–2032). The market is proliferating in Rwanda as the country is e...
The global green hydrogen market size in 2024 is USD 1.7 billion, and it is expected to advance at a CAGR of 61.5% during 2025–2032, to reach USD 78.3 billion by 2032. The biggest drivers for the market are the increasing concerns over green...
The global grey hydrogen market size in 2024 is USD 134.5 billion, and it is expected to advance at a CAGR of 1.9% during 2025–2032, to reach USD 156.5 billion by 2032. Grey hydrogen is produced from natural gas through steam–methane r...
The global Thermal Energy Storage Market revenue stands at USD 23.4 Billion in 2024, and it is further expected to reach USD 50.4 Billion by 2032, advancing at a CAGR of 10.20% during 2025–2032. This is attributed to the rising demand for el...
The global hydrogen fueling station market is expected to reach USD 2,741.7 million in 2032 at a CAGR of 22.5% during 2025–2032 from USD 545.5 million in 2024. The key drivers for the market are the growing population, increasing number of v...
The nuclear power plant control system market will generate an estimated revenue of USD 650.5 million in 2024 and witness a CAGR of 5.9% during 2025–2032, reaching USD 1,018.3 million by 2032. Several countries are making investments to mode...
The solid biomass feedstock market size is approximately USD 28.3 billion in 2024, and it will grow by 6.8% during 2025–2032, reaching USD 47.4 billion by 2032. The rigid environmental laws and policies designed to protect the environment fr...
The recloser market will generate an estimated revenue of USD 1,167.0 million in 2024 and witness a CAGR of 5.3% during 2025–2032, reaching USD 1,745.0 million by 2032, due to the growing demand of electrification and modernization of power gri...
The telecom power system market size accounts USD 4.6 billion in 2024, and it is expected to grow at a compound annual growth rate of 10.9% during 2025–2032, to reach USD 10.3 billion by 2032. The growth is supported by the surging penetration ...
The grid-forming inverter market size is approximately USD 763.4 million in 2024, and it will grow by 9.2% during 2025–2032, reaching USD 1526.5 million by 2032. Grid-forming inverters are becoming increasingly necessary as a result of the g...
The synthetic natural gas market is estimated at revenue of USD 25.7 Billion in 2024, which is expected to witness a CAGR of 23.3% during 2025–2032, reaching USD 135.8 Billion in 2032. Synthetic natural gas is used in chemical combinations...
The solid-state battery market size is projected to reach USD 2,001.7 million by 2032 from USD 128.5 million in 2024, at a 41.1% CAGR during 2025–2032. The rising adoption of electronic gadgets, the surging deployment of EVs, and the increasing...
The global switchgear market size stands at an estimated USD 99.7 billion in 2024, and it will grow at a CAGR of 6.5% during 2025–2032, reaching USD 162.9 billion in 2032. The major factors driving the market include the enhancement in power di...
The cryogenic pump market is estimated to generate a revenue of USD 1.35 billion in 2024, which is expected to reach USD 1.98 billion by 2032, advancing at a CAGR of 4.8% during 2025–2032. A major driver for the market is the rising deployment ...
The small modular reactor market revenue is USD 6.6 billion in 2024, which is expected to witness a CAGR of 5.4% during 2025–2032, reaching USD 9.9 billion in 2032. The major drivers for the market are the increasing demand for electricity, ...
The sustainable fuel market size is approximately USD 204.8 billion in 2024, and it will grow by 12.8% during 2025–2032, reaching USD 531.0 billion by 2032. This is because of the growing demand for energy efficiency and transition toward re...
The well intervention market will generate an estimated revenue of USD 9.1 billion in 2024, which is expected to witness a CAGR of 6.0% during 2025–2030, to reach USD 12.9 billion by 2030. A well intervention is an operation performed on a...
The well testing services market will generate an estimated revenue of USD 8.3 billion in 2024, and it is projected to grow at a CAGR of 6.2% from 2025 to 2030, reaching USD 11.3 billion by 2030. The growth in the oil and gas industry has prompted...
The wind turbine protection market value is projected to increase from USD 1,824.2 million in 2024 to USD 3,449.7 million in 2030 at a CAGR of 11.5% during the forecast period (2025–2030). The major drivers for the market are the growing foc...
The Saudi Arabian pump station operation and maintenance market will generate an estimated revenue of USD 1,055.7 million in 2024, which is expected to witness a CAGR of 4.5% during 2025–2030, to reach USD 1,365.6 million by 2030. The rapid urb...
From USD 25,692.1 million in 2024, the global genset market is expected to reach USD 38,274.2 million by 2030, witnessing a CAGR of 6.80% during 2025–2030. The major reasons behind the advance of the market are the low production of power and u...
The biomethane market will generate an estimated revenue of USD 13.5 billion in 2024, and it is projected to grow at a CAGR of 29.1% from 2025 to 2030, reaching USD 62.5 billion by 2030. One major factor propelling market growth is the booming tra...
The global carbon capture, utilization, and storage market size is valued at USD 5.1 billion in 2024, and it is expected to advance at a CAGR of 23.3% during 2025–2030, to reach USD 18.0 billion by 2030. The major factors accredited for the ...
The battery testing, inspection, and certification market will generate an estimated revenue of USD 15.2 Billion in 2024, which is expected to witness a CAGR of 19.0% during 2025–2030, reaching USD 43.4 Billion in 2030. The rapid advanceme...
The bifacial solar market is estimated to generate revenue of USD 19.2 billion in 2024 and reach USD 49.1 billion by 2030, growing at a CAGR of 16.8% during the forecast period (2025–2030). Bifacial solar cells are a type of photovoltaic module...
The carbon capture market will generate an estimated revenue of USD 2,386.3 million in 2024, which is expected to witness a CAGR of 7.6% during 2025–2030, reaching USD 3,650.3 million in 2030. Government regulations designed to slow down c...
The Malaysian diesel generator set market size stands at USD 93.0 million in 2024, and it will grow at a CAGR of 3.0% during 2025–2030, to reach USD 111.5 million by 2030. This is because the Government of Malaysia is focusing on increasing the...
The Democratic Republic of the Congo diesel generator set market size stands at USD 56.0 million in 2024, and it will grow at a CAGR of 3.9% during 2025–2030, to reach USD 71.6 million by 2030. The DRC is the 11th-largest country in the world a...
The Vietnamese diesel generator set market size stands at around 123.2 million in 2024, and it will grow at a CAGR of 5.2% during 2025–2030, to reach 165.8 million by 2030. In Southeast Asia, Vietnam is rapidly becoming one of the most-importan...
The U.A.E. diesel generator set market will generate an estimated revenue of USD 164.0 million in 2024, and it is projected to grow at a CAGR of 3.9% from 2025 to 2030, reaching USD 207.1 million by 2030. The substantial growth is attributed to the r...
The Japanese diesel generator set market size stands at USD 1399.8 million in 2024, and it will grow at a CAGR of 5.7% during 2025–2030, to reach USD 1976.1 million by 2030. The market growth is expected to be driven by the increase in urban po...
The Zambian diesel genset market size stands at an estimated USD 16.5 million in 2024, and it is expected to demonstrate a CAGR of 4.3% during 2025–2030, reaching USD 21.2 million by 2030. This is primarily due to the rising demand for standalo...
The Madagascar diesel genset market size generated an estimated revenue of USD 23.9 million in 2024, and the market size will advance at a CAGR of 2.5% during 2025–2030, reaching USD 27.7 million in 2030. The rapid growth in the telecom and con...
The building-integrated photovoltaics market is expected to reach an estimated USD 13.6 billion in 2024, and rising at a CAGR of 15.8% from 2024 to 2030, it is projected to hit USD 32.9 billion by 2030. A building-integrated photovo...
The Thai DG set market size is USD 179.8 million in 2024, and it is expected to generate USD 240.9 million in 2030, progressing at a CAGR of 4.9% during 2025–2030. This is attributed to the increasing demand for standalone and backup power sour...
The global charcoal market stands at USD 30,734.8 million in 2024, and it is expected to reach USD 45,608.0 million by 2030, registering a CAGR of 6.86% during the forecast period (2025–2030). This is increasing due to several factors that have...
The global pressure transmitter market revenue is estimated at USD 3,211.6 million in 2024, and it is expected to reach USD 4,168.7 million by 2030, at a CAGR of 4.4% during 2024-2030. The rise in the adoption of industrial automation across the g...
The global fuel cell market will generate revenue of USD 5,198.7 million in 2024, and it is projected to expand at a rate of 28.8% from 2024 to 2030, reaching USD 23,743.4 million by 2030. Major factors driving the industry include the stimulus packa...
The Ghana DG set market size stands at an estimated USD 59.3 million in 2024, and it is expected to demonstrate a CAGR of 2.1% during 2024–2030, to reach USD 67.0 million by 2030. The growing demand for power from industries, increasing inst...
The data center power market estimated revenue is USD 22.8 billion in 2024, and it is predicted to grow at a CAGR of 6.5% between 2024 and 2030, to reach USD 33.3 billion by 2030 The major factors driving the expansion of the market are the growin...
The Asia-Pacific wind power market will generate an estimated revenue of USD 46.5 million in 2024, and it is projected to grow at a CAGR of 6.8% from 2024 to 2030, reaching USD 69.2 billion by 2030. The Asian market is one of the most-rapid and dy...
The U.S. data center genset market will generate an estimated revenue of USD 3,052.0 million in 2024, which is expected to witness a CAGR of 7.8% during 2024–2030, reaching USD 4,785.2 million in 2030. The data center is the most important...
The Philippines diesel generator set market will generate an estimated revenue of USD 181.2 million in 2024 and witness a CAGR of 5.5% during 2024–2030, reaching USD 249.9 million by 2030. This is due to the growing industrial and construction ...
From an estimated USD 221.2 million in 2024, the Indian prime power diesel genset market value is projected to demonstrate a CAGR of 8.3% during 2024–2030, to reach USD 356.3 million by 2030. The market growth is expected to be driven by the...
The Saudi Arabian industrial gases market will generate an estimated revenue of USD 436.8 million in 2024 and USD 570.0 million in 2030, which is expected to witness a CAGR of 4.5% from 2024 to 2030. These gases are essential for a wide range of appl...
The Saudi Arabian enhanced oil recovery market will generate an estimated revenue of USD 2,490.6 million in 2024, and it is projected to witness a CAGR of 7.5% during 2024–2030, reaching USD 3,843.1 million by 2030. Enhanced oil recovery (EO...
The Saudi Arabian high-voltage direct current (HVDC) transmission system market will generate an estimated revenue of USD 317.9 million in 2024, reaching USD 429.5 million by 2030, which is expected to witness a CAGR of 5.1% from 2024 to 2030. Vision...
The Saudi Arabian oil and gas pipeline maintenance market will generate an estimated revenue of USD 105.0 million in 2024, which is expected to witness a CAGR of 4.8% during 2024–2030, to reach USD 139.3 million by 2030. The proper functioni...
The Indian residential energy storage market will generate an estimated revenue of USD 28.3 million in 2024, which is expected to witness a CAGR of 27.7% during 2024–2030, to reach USD 122.8 million by 2030. The Government of India is greatly p...
The Saudi Arabian battery market will generate an estimated revenue of USD 3,077.1 million in 2024, and it is expected to witness a CAGR of 15.4% during 2024–2030, to reach USD 7,272.6 million by 2030. Batteries are used in every sector, fro...
The size of the U.S. residential energy storage market will be around USD 137.2 million in 2024, which is set to reach USD 603.6 million by 2030, advancing at a CAGR of 28.0% over the forecast period (2024–2030). This can be ascribed to the inc...
The Russian residential energy storage market will generate an estimated revenue of USD 13.7 million in 2024, which is expected to witness a CAGR of 27.5% during 2024–2030, to reach USD 58.7 million by 2030. The key factors driving the growth o...
The Saudi Arabian smart transformer market will generate an estimated revenue of USD 63.3 million in 2024, which is expected to witness a CAGR of 14.2% during 2024-2030, to reach USD 140.4 million by 2030. The rapid increase in technological advan...
The Saudi Arabian smart grid network market will generate an estimated revenue of USD 1,396.0 million in 2024, which is expected to witness a CAGR of 18.4% during 2024-2030, to reach USD 3,850.2 million by 2030. Digitalization has permeated the elect...
The Saudi Arabian solar photovoltaic (PV) market will generate an estimated revenue of USD 3,920.0 million in 2024, which is expected to witness a CAGR of 49.8% during 2024−2030, reaching USD 44,263.8 million by 2030. Solar photovoltaic tech...
The size of the Saudi Arabian solar power market will be an estimated USD 5,923.4 million in 2024 and reach USD 67,674.3 million by 2030, advancing at a CAGR of 50.1% over the forecast period (2024–2030). The country has an abundant supply o...
The environmental remediation market will generate USD 127.1 billion revenue (estimated) in 2024, and it is projected to witness a CAGR of 8.6% during 2024–2030, reaching USD 209.0 billion by 2030. The industry is driven by regulatory framework...
The Saudi Arabian real estate market will generate an estimated revenue of USD 7,021.3 million in 2024, which is expected to witness a CAGR of 8.3% during 2024–2030, to reach USD 11,311.4 million by 2030. This can be ascribed to the changing li...
The size of the belt-driven starter–generator market was USD 858.6 million in 2023 and is projected to reach USD 1,714.5 million by 2030, growing at a CAGR of 10.5% during the forecast period of 2024–2030. The public increasing awarene...
The global flexible AC transmission systems (FACTS) market generated USD 1,503.4 million revenue in 2023, and it is projected to witness a CAGR of 7.0% during 2024–2030, reaching USD 2,389.3 million by 2030. This is due to the increasing demand...
The U.S. diesel genset market generated revenue of USD 2,458.7 million in 2023, which is expected to witness a CAGR of 4.2% during 2024–2030, to reach USD 3,261.8 million by 2030. The market growth is supported by the augmenting requirement for...
The Nigerian diesel genset market size was USD 536.5 million in 2023, which is expected to witness a CAGR of 7.3% during the forecast period 2024–2030, to reach USD 871.1 million in 2030. The key factors responsible for the growth of the market...
The South African DG set market generated revenue of USD 128.2 million in 2023, which is expected to witness a CAGR of 4.2% during 2024–2030, to reach USD 170.1 million by 2030. The high need for medium- and high-power DG sets from the commerci...
The Indian solar energy market generated revenue of USD 10.4 billion in 2023, which is expected to witness a CAGR of 13.4% during 2024–2030, to reach USD 24.9 billion by 2030. The primary reason for the growth is the government’s policies...
The Philippines charcoal market was valued at USD 574.6 million in 2023, which is expected to grow at a CAGR of 2.6% during the forecast period (2024–2030). The country has a high-volume traditional dependency on charcoal, with the product occu...
The South African charcoal briquettes market stood at USD 165.1 million in 2023, and it is expected to reach USD 301.1 million by 2030, demonstrating a CAGR of 9.0% during the forecast period (2024–2030). The rich tradition of barbecued food an...
Asia Charcoal Briquettes Market Analysis The Asian charcoal briquettes market was valued at USD 1,124.6 million in 2023, which is expected to reach USD 1,711.5 million by 2030, progressing at a CAGR of 6.3% during 2024–2030. This is due to t...
India Stabilizers Market Analysis The India stabilizers market generated revenue of USD 784.8 million in 2023, which is expected to witness a CAGR of 8.5% during 2024–2030, to reach USD 1,377.7 million by 2030. This can be attributed to the ...
India High-Capacity Inverter Market Analysis The Indian non-solar high-capacity inverter market generated revenue of USD 452.3 million in 2023, which is expected to witness a CAGR of 8.0% during 2024–2030, to reach USD 769.2 million by ...
Indonesia Diesel Genset Market Analysis The Indonesian diesel genset market generated revenue of USD 382.7 million in 2023, which is expected to witness a CAGR of 4.9% during 2024–2030, to reach USD 530.0 million by 2030. This is primarily d...
The Saudi Arabian DG sets market size stood at USD 426.7 million in 2023, and it is predicted to reach USD 555.8 million by 2030, advancing at a CAGR of 4.0% during 2024–2030. The market has witnessed significant growth, owing to the increase i...
The global virtual power plant market generated a revenue of million in 2023, and it is expected to grow with a CAGR of 23.3% during the forecast period, reaching million by 2030. This is ascribed to the rising adoption of advanced technologies such ...
The global residential energy storage market size was USD 801.3 million in 2023, and it is expected to reach USD 4,240.3 million by 2030, advancing at a CAGR of 27.9% during 2024–2030. This can be ascribed to the rampant infrastructure de...
The microgrid market generated revenue of USD 32.1 billion in 2023, which is expected to witness a CAGR of 18.6% during 2024–2030, reaching USD 105.3 billion by 2030. The market is experiencing growth due to the increasing demand for reliable a...
The space-based solar power market is expected to generate USD 4,151.2 million revenue in 2030 and will progress at a CAGR of 4.5% during 2030-2035. With the technology, sunlight that falls in the orbit can be collected and wirelessly transmitted to ...
The critical power and cooling solutions market size has been estimated at USD 25.5 Billion in 2023, and it will touch USD 56.0 Billion by 2030, powering at a rate of 12.1% between 2024 and 2030. ...
The hydrogen hubs market generated revenue of USD 2,120.8 million in 2023, which is expected to witness a CAGR of 19.2% during 2024–2030, reaching USD 7,162.0 million by 2030. ...
The advanced battery technology market size stood at USD 1,724.2 million in 2023, and it is expected to grow at a compound annual growth rate of 7.8% during 2024–2030, to reach USD 2,871.5 million by 2030. ...
The global pad-mounted switchgear market size stood at USD 5,697.7 million in 2023, and it is expected to grow at a CAGR of 6.8% during 2024 and 2030, to reach USD 8,910.8 million by 2030. ...
The global pumped hydro storage market was valued at USD 353.8 billion in 2023, and the market size is predicted to reach USD 643.9 billion by 2030, advancing at a CAGR of 9.2% between 2024 and 2030. ...
The pipeline monitoring system market generated revenue of USD 15.8 billion in 2023, which is expected to witness a CAGR of 7.7% during 2024–2030, reaching USD 26.2 billion by 2030. ...
The global compressed air energy storage market revenue is estimated to have stood at USD 6,027.4 million in 2023, and it is predicted to reach USD 26,605.3 million by 2030, advancing at a CAGR of 23.7% during 2024–2030. ...
The global hybrid power solutions market value is estimated to have stood at USD 2,506.2 million in 2023, and it is expected to reach USD 5,020.3 million by 2030, advancing at a CAGR of 10.6% during 2024–2030. ...
The superconducting magnetic energy storage (SMES) market is set to generate an estimated revenue of USD 57.2 billion in 2023 and witness a CAGR of 8.4% during 2024–2030, ultimately reaching USD 100.1billion by 2030. ...
The HVDC transmission market is set to generate an estimated USD 11.3 billion in 2023. During the forecast period of 2024–2030, it will grow at a CAGR of 5.5% and reach USD 16.4 billion by 2030. ...
The hydrodesulfurization catalyst market generated USD 3,092.9 million revenue in 2023, and it is projected to witness a CAGR of 4.9% during 2024–2030, reaching USD 4,267.9 million by 2030. ...
The global remote power panel market generated an estimated USD 1,248.2 million revenue in 2023, and it is projected to witness a CAGR of 5.0% during 2024–2030, reaching USD 1,734.7 million by 2030. ...
The vanadium redox flow battery market generated an estimated USD 401.2 million in 2023. Further, it will grow at a CAGR of 9.7% in the forecast period (2024–2030), reaching USD 759.4 million by 2030. ...
The testing and measurement equipment market size stands at an estimated USD 34.8 billion in 2023, and it is expected to grow at a compound annual growth rate of 4.8% during 2024–2030, to reach $47.9 billion by 2030. ...
The liquid air energy storage market is set to generate an estimated USD 1,472.9 million in 2023 and grow at a CAGR of 18.8% during 2024–2030, to reach USD 4,887.6 million by 2030. ...
The molten salt batteries market size is estimated at USD 2,461.1 million in 2023, and it is expected to grow at a CAGR of 24.9% during 2024–2030, to reach USD 11,543.2 million by 2030. ...
The global power grid market revenue has been estimated at USD 295.0 billion in 2024, which is expected to reach USD 409.6 billion by 2030, growing at a CAGR of 5.6% between 2024 and 2030. This is ascribed to the rapid industrialization, urbanization...
The synthetic fuels market is expected to generate an estimated revenue of USD 51 billion in 2024. Further, during the forecast period 2024–2030, it will grow at a CAGR of 5.6%, to reach USD 70.6 billion by 2030. The rising demand for these ...
The electronic gadget batteries market size stood at USD 18.4 billion in 2024, and it is expected to advance at a compound annual growth rate of 16.3% during 2024–2030, to reach USD 45.6 billion by 2030. This is ascribed to the increased custom...
The iron flow batteries market will generate revenue of USD 34.6 million by the end of 2024, which is expected to witness a CAGR of 29.5% during 2024–2030 and reach USD 163.5 million by 2030. This will be due to the rising demand for power, int...
The gravity energy storage market is set to generate revenue of USD 385.3 million by the end of 2024, which is expected to witness a CAGR of 77.9% during the forecast period (2024–2030), reaching USD 12,231.5 million by 2030. This will be due t...
The global hydrogen generation market size stood at USD 183.9 million in 2024, 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 growth is mainly attributed to th...
The nickel cadmium battery market size stood at USD 1,580.5 million in 2024, and it is expected to witness a compound annual growth rate of 3.0% during 2024–2030, to reach USD 1,888.6 million by 2030. The growth of the global market is aided...
The global carbon credit trading platform market accounted for a size of USD 78 billion in 2024, 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 market is driven by the...
The automotive lithium-ion battery market is estimated to have generated a revenue of USD 21.8 billion in 2024, and it is expected to grow at a CAGR of 16.9% during the forecasted period, to reach USD 55.6 billion by 2030. The worldwide requirement f...
The global power distribution unit market size stood at USD 4,387.7 million in 2024, which is expected to reach USD 6,837.6 million by 2030, advancing at a CAGR of 7.7% between 2024 and 2030. This is due to several factors, including cost-effective I...
The global circuit monitoring market generated revenue of USD 727.1 million in 2024, which is projected to exhibit a CAGR of 4.5%, to reach USD 949.1 million by 2030. The growth of the market is attributed to the rising demand for data centers and th...
The global cell-to-pack battery market revenue is estimated at USD 6.7 billion in 2024, which is predicted to reach USD 27.8 billion by 2030, growing at a CAGR of 26.8% during 2024–2030. This is due to the extensive use of these batteries in...
The value of the global thermal management technologies market was USD 11.3 billion in 2024, which is predicted to reach USD 22.8 billion by 2030, advancing at a CAGR of 12.6% between 2024 and 2030. This is mainly attributed to the growing deman...
The oil spill management market size stood at USD 145.3 billion in 2024, and it is expected to exhibit a compound annual growth rate of 3.6% between 2024 and 2030, to reach USD 179.6 billion by 2030. Oil spill management refers to the prevent...
The shore power market size stood at USD 1,798.2 million in 2024, and it is expected to advance at a compound annual growth rate of 13.9% during 2024–2030, to reach USD 3,932 million by 2030. This is primarily ascribed to the rising demand...
The global pressure vessel market was valued at USD 51.9 billion in 2024, and it is expected to reach USD 68.2 billion by 2030, advancing at a CAGR of 4.7% between 2024 and 2030. This is attributed to the rising global thermal energy demand, inc...
The global advanced lead–acid battery market size stood at USD 26.9 billion in 2024, and it is expected to propel at a compound annual growth rate of 8% between 2024 and 2030, to reach USD 42.6 billion by 2030. This is because these batterie...
The motor monitoring market size stood at USD 2,512.9 million in 2024, and it is expected to grow at a CAGR of 7.7% between 2024 and 2030, to reach USD 3,916 million by 2030. By having access to current, vibration, and temperature data from any lo...
The distributed control system market size stood at USD 20.8 billion in 2024, and it is expected to advance at a compound annual growth rate of 5.8% between 2024 and 2030, to reach USD 29.3 billion by 2030. The growth is attributed to the rap...
The solid oxide fuel cell market size stood at USD 981.9 million in 2024, and it is projected to advance at a compound annual growth rate of 31.2% during 2024–2030, to reach USD 5,005 million by 2030. This is primarily ascribed to the superior ...
The global lithium iron phosphate batteries market was valued at USD 14.9 billion in 2024, which is projected to reach USD 35.2 billion by 2030, advancing at a CAGR of 15.3% during 2024–2030. This is ascribed to the growing industrial automatio...
The global scrubber system market size stood at USD 5,671.9 Million in 2024, which is expected to reach USD 8,055 million by 2030, advancing at a CAGR of 6.0% between 2024 and 2030. This is ascribed to the growing air pollution concerns and the ...
The wave energy converter market size stood at USD 22.9 million in 2024, and it is expected to grow at a CAGR of 4.9% during 2024–2030, to reach USD 30.44 million by 2030. This is primarily ascribed to the rising demand for electricity from ren...
The blue hydrogen market size stood at USD 20.9 billion in 2024, and it is expected to grow at a compound annual growth rate of 12.7% during 2024–2030, to reach USD 42.8 billion by 2030. Blue hydrogen is often promoted as a low-carbon fuel f...
The offshore pipeline market size stood at USD 14.5 billion in 2024, and it is expected to grow at a compound annual growth rate of 4.3% during 2024–2030, to reach USD 18.8 billion by 2030. The rising demand for natural gas and crude oil, no...
The energy as a service market size stood at USD 76.9 billion in 2024, and it is expected to witness a compound annual growth rate of 11.7% during 2024–2030, to reach USD 149.45 billion by 2030. The rising power consumption, increasing poten...
The biomass gasification market size stood at USD 120.9 billion in 2024, and it is expected to grow at a CAGR of 7.6% during 2024–2030, to reach USD 187.3 billion by 2030. The growth can be primarily ascribed to the rising greenhouse gas emi...
The fuel cell generator market size stood at USD 380.9 million in 2024, and it is expected to advance at a compound annual growth rate of 21.1% during 2024–2030, to reach USD 1,199 million by 2030. The growth of the industry can be primarily...
The energy harvesting system market is estimated at USD 710.9 million in 2024, and it is expected to grow at a CAGR of 7.2% during 2024–2030, to reach USD 1,076 million by 2030. Over the forecast period, the growth is likely to be driven by ...
The energy storage market size stood at 56.2 Thousand MW (Megawatts) in 2024, and it is expected to grow at a CAGR of 39.3% during 2024–2030, to reach 410.5 Thousand MW by 2030. The growing emphasis on alternative electricity sources, the hi...
The global floating solar panels market is estimated to be USD 8.9 billion in 2024, and the market size is predicted to reach USD 40.6 billion by 2030, advancing at a CAGR of 28.8% during 2024–2030. The market is driven by the increasing count ...
The global lubricants market is estimated to generate USD 143.2 billion in 2024 and is expected to grow at a CAGR of 3.8% to reach USD 179 billion by the end of this decade. This is ascribed to the growing automotive and other manufacturing industrie...
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 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 global hybrid and electric vehicle battery market size in 2021 was $47,283.4 million, and it is expected to advance at a CAGR of 28% during 2021–2030, to reach $436,112.7 million by 2030. ...
The global advanced distribution management system market size stood at an estimated $1,998.0 million in 2021, which is projected to advance at a CAGR of 19.7% during 2021–2030, to reach $10.097.9 million 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 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 industria...
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 French LPG market generated $7,691.2 million revenue in 2020, and it is expected to grow at a CAGR of 2.1% during 2020–2030. The key factors responsible for the growth of the market include the increasing government incentives and the low u...
The global fuel additives market was valued at $5,032.7 million globally in 2020, and it is expected to grow at a CAGR of 4.9% during the forecasted period of 2021–2030. ...
The global flywheel energy storage market was valued around $300.0 million in 2020. This is driven by the increasing need for electricity in remote places, rising government policies related to the production of electricity, and surging need to chang...
The global bioethanol market stood around $38.0 billion in 2020, and is expected to grow at a significant rate during the forecast period. The major factors responsible for the growth of the market are the increasing need for sustainable alternative ...
The global biodiesel market generated revenue of around $39.0 billion in 2020. The major factors responsible for the growth of the market are the increasing demand for biodiesel to replace crude oil, surging research and development (R&D) activit...
The Japan heat stress monitor market was valued at $1.98 million in 2020, and is expected to showcase a CAGR of 7.05% during the forecast period (2021–2030). ...
The North American charcoal market is expected to reach $466.6 million by 2030. This is primarily attributed to the increasing consumption of barbecued food and significant usage of charcoal in recreational cooking. ...
The global distributed solar power generation market is projected to showcase a strong growth during the forecast period (2021–2030), on account of increasing installation of solar panels. ...
The hydrogen market revenue stood at $136,185.0 million in 2019, and it is expected to witness a CAGR of 4.3% 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 acr...
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 recei...
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 secto...
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 connectivi...
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 s...
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...
The global metering pump market size was $4.4 billion in 2019, and it is expected to register a CAGR of 3.9% over the forecast period (2020–2030). Strict government regulations for water treatment and rising demand for such devices from the oil...
The global heat stress monitor market size was $51.4 million in 2019, and it is projected to witness a CAGR of 2.7% during the forecast period (2020–2030). ...
The global ultra-thin solar cells market valued $30.0 million in 2019, and it is expected to grow at a CAGR of 56.9% during the forecast period (2020–2030). The declining prices of such photovoltaic (PV) panel components and rising demand fo...
Increasing demand for energy storage, microgrid and artificial intelligence (AI) technologies, and digitization, and falling costs of installation of renewable energy solutions are some of the key trends observed in the global renewable energy mar...
A prominent trend observed in the global mechanical energy storage market is the utility application of energy storage and associated grid technologies. As utility-scale solar technology maintains and gains popularity, utility asset owners are now...
The major trend identified in the global solar tracker market is the development of the solar trackers for non-standard sites, such as capped landfills. Traditionally, solar trackers are mounted on posts that are driven directly into the ground or...
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 monito...
In the global smart solar market, the increasing demand for energy from residential and industrial end users and depleting natural resources have resulted in the need to control the energy consumption and switch to more efficient and cleaner energ...
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. ...
The perovskite solar cell (PSC) market holds a high potential for growth during the forecast period, due to the increasing research and development activities for PSCs, along with the increasing awareness on the advantages offered by these over si...
The global net zero energy buildings (NZEB) market stood at $896.6 million in 2018, and it is expected to reach $2,106.6 million by 2024, demonstrating a CAGR of 15.6% during the forecast period (2019–2024). ...
Valued at $3.1 billion in 2018, the global geotechnical instrumentation and monitoring market is expected to advance with a CAGR of 11.8% during 2019–2024. ...
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. ...
Factors trending in the global lighting contactor market include the introduction of regulations by governments across the world for promoting energy-efficient lighting systems and the increasing rate of automation for power monitoring in commercial ...
Shift of exploration projects from conventional oil and gas to shale oil and gas across several regions in the world, involving hydraulic fracking process, which needs a large volume of water to extract oil and gas from shale well. In order to inject...
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), es...
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...
Prominent market trends identified in the global biogas market include mergers and acquisitions between market players, and technology transfer by major companies to sustain or strengthen their market share. A number of these activities are supported...
Growing adoption of rooftop solar photovoltaics (PV) panels in residential and commercial installations for generation of power using solar energy and increased investment by major players in the solar energy industry for the development of rooftop s...
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, a...
The major trend being observed in the global enhanced oil recovery market is increased investments by companies to boost the production of oil and gas. Owing to the large-scale consumption of oil and gas, many market players are focusing on expanding...
Major trend being witnessed in the global green energy market is increased investment in the development of power projects associated with clean and green energy. Owing to the limited availability of the conventional fuels such as oil, gas, and coal ...
Growing adoption of liquefied natural gas (LNG) as a bunker fuel and technological advancements in ship-to-ship LNG bunkering are the key trends witnessed in the LNG bunkering market. LNG produces lower sulfur content and greenhouse gas emissions tha...
The major trend witnessed in the global bunker fuel market is the shift toward cleaner and environment-friendly fuels used in bunkers. Owing to the rising need to tackle the environmental pollution caused by conventional fuels used in ship bunkers, v...
The recent trend in the global LPG market is related to demand-supply dynamics of LPG. This includes shift of over-dependency of supply of the cooking gas from the Middle-East region to a more decentralized worldwide production of these gases. ...
The major trend identified in the global high voltage cables market is the growth in energy infrastructure, coherent integration of energy efficient systems, and projects for centralization and decentralization of grids. This is likely to offer tract...
The growing utilization of gas (by residential and commercial installations) over conventional sources of energy, such as oil and fossil fuels, is identified as a major trend in the gas meters market. This shift is likely to open new areas of applica...
Increasing environmental awareness among customers, provision of government incentives and tax rebates to install solar panels, and significantly reducing prices of key components to make solar cells/modules, such as silver and polysilicon, are the k...
The global dye-sensitized solar cells market was valued at $28,451.4 thousand in 2017 and is projected to reach $60,589.4 thousand by 2023, witnessing a CAGR of 13.2% during the forecast period. ...
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...
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 pow...
Advanced biofuel are the fuels, which can be produced from various types of non-food biomass such as agricultural waste streams, lignocellulose, woody crops, and others. This type of biofuel is known as second-generation biofuel. ...
The global artificial lift market was valued at $8,010.8 million in 2017, and it is expected to reach $10,883.1 million by 2023, registering a CAGR of 5.3% during the forecast period (2018–2023). ...
The global solar panel recycling market is estimated to be valued at $80.7 million in 2017 and is projected to reach $269.8 million by 2023, witnessing a CAGR of 22.0% during the forecast period. Increasing adoption of solar power as a source of e...
The global planar solid oxide fuel cell (SOFC) market stood at $379.9 million in 2015, and it is expected to reach $804.9 million by 2022, demonstrating a CAGR of 11.4% during the forecast period (2016–2022). ...
The global wind energy foundation market is projected to grow at a significant level, during the forecast period, on account of increasing demand for clean energy resources and rising number of installations in the wind power sector. Wind energy is e...
According to the U.S. Department of Energy (DOE), CSP is a technology that generates solar power by using mirrors to reflect and concentrate sunlight onto receivers. The technology is gaining traction in the global concentrating solar power market. C...
Transformer monitoring systems could be used to monitor and diagnose the health of transformers and these systems help the end users to detect and identify failures in transformers that is expected to reduce the repairing costs. Increasing energy dem...
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-use...
The global motor control system market is showcasing significant growth due to increasing level of industrial automation. The industrial segment is the largest end-user for motor control centers, due to large-scale application in various industries. ...
The global compressor control system market is expected to witness significant growth due to technological advancement and innovation in control system. The growth can be indicated towards the technological advancement and increasing demand in the ma...
The global tyre pressure monitoring system (TPMS) market is driven by the technological advancements and increased safety awareness among consumers. The increase in vehicle sales as a result of growth in per capita income of consumers is another fact...
The global metrology services market is growing due to development of enhanced metrology services software packages, lack of applicability of existing measuring equipment, growing pressure on global infrastructure and resources, and lack of trained m...
The increasing miniaturization of electronics product, along with advancement in power electronics has fueled the growth of the flexible battery market. Beside this, several other factors, such as environment friendly disposability of these batteries...
The growing need for risk and compliance management, and increasing importance of call monitoring are some of the factors, driving the growth of the global audio communication monitoring market. The time consuming task of listening to live calls dema...
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 petr...