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 global fuel cell market size was about $1,799.9 million in 2021, and it is expected to advance at a CAGR of 33.2% during 2021–2030.
The solid-state battery market size is forecast to reach $3,915 million in 2030 from $290 million in 2021, at a 33.5% CAGR during 2021–2030.
The U.A.E. mechanical, electrical, and plumbing (MEP) services market stood at $3,025.9 million in 2020, and it is expected to grow at a CAGR of 15.7% during the forecast period (2021–2030).
Energy efficiency and digitization are two prominent trends identified in the global pad-mounted transformer market. Boosting output is one way to achieve power targets. Energy efficiency is another means of augmenting the overall power capacity via less wastage and more efficient, lower consumption and also aids in meeting lower carbon emission targets under the United Nation Sustainable Development Goals (UN SDG).
According to Global Energy Statistical Handbook (2018), there has been an increase in worldwide energy production and consumption during 2009–2017. The developing countries like India, China, and Indonesia have contributed to much of it.
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 traction to the market.