The global small hydropower market is evaluated at US$2.825 billion for the year 2019 growing at a CAGR of 3.12% reaching the market size of US$3.503 billion by the year 2026. Small hydropower is the development of hydroelectric power on a smaller scale to serve a local community, a small business, or an industry. The plant usually produces a lesser amount of electricity with 15-20 MW being the upper limit. These plants are usually installed in existing water supply networks or small streams. Th Read more...
The global solar street lighting market was valued at US$6.052 billion in 2019 and is expected to grow at a CAGR of 23.51% over the forecast period to reach a total market size of US$26.535 billion in 2026. The solar lighting market is estimated to grow in the coming years. An increase in research in the solar street lighting market, a decrease in the prices of solar street lighting solutions, and an increase in the number of smart cities will be the key factors driving the growth in the market. Read more...
The global brushless DC motor market is projected to have a compound annual growth rate of 9.17%, from US$22.859 billion in 2019 to US$42.249 billion in 2026. The main features of the brushless DC motors that make them so demanding in the market are that it reduces the energy consumption and hence, improves the efficiency in operations. This further boosts the demand for brushless DC motors in the market. Read more...
The global pipeline & process services market is projected to have a compound annual growth rate of 5.15%, from US$2.817 billion in 2019 to US$4.004 billion in 2026. The market of pipeline & process services is expected to drive by increasing demand for natural gas & crude oil (mainly, from the Asia Pacific), by increasing investments in the infrastructural developments, and by increasing the need for connectivity drive. The growth of the pipeline and process services market is restr Read more...
The global nuclear energy services market is evaluated at US$7.068 billion for the year 2019 growing at a CAGR of 4.37% reaching the market size of US$9.136 billion by the year 2026. The nuclear energy services market consists of developing regulatory frameworks, strategic recommendations, improvement in the operating model and entire nuclear energy value chain. The market is expected to witness a significant growth of CAGR x% owing to the increase in the developments of nuclear power pl Read more...
The global floating power plant market is evaluated at US$1,217.139 Million for the year 2020 growing at a CAGR of 10.03% reaching the market size of US$2,159.766 Million by the year 2026. Floating power plant refers to the type of power plants that are built on ships or other floating platforms like barges. The concept is comparatively new and several projects are under development owing to the advantages posed by it. The one advantage due to which the concept is gaining a significant am Read more...
The global LNG market is evaluated at 379.503 million tonnes for the year 2020 growing at a CAGR of 8.91% reaching the market size of 633.317 million tonnes by the year 2026. LNG is the acronym for Liquefied Natural gas which is made after the transformation of organic materials like algae and plankton, for a long period of time. The natural gas consists of 95% of methane which is one of the cleanest fossil fuel available. One of the key advantages which has been driving the market for LNG Read more...
The Offshore Wind Turbine is expected to grow at a compound annual growth rate of 17.19% over the forecast period to reach a market size of US$28.612 billion in 2025 from US$11.044 billion in 2019. Offshore Wind Turbine are the pivotal infrastructure in the wind renewable market. The turbines harness the wind energy and transform into the electricity. As per the offering, the offshore wind turbine market provides a plethora of services such as material expertise, welding solutions, coatings and Read more...
The global thermal energy storage market is evaluated at US$4.204 billion for the year 2019 growing at a CAGR of 12.38% reaching the market size of US$8.466 billion by the year 2025. Thermal energy storage is the technology that is used to store thermal energy by varying the temperature so that it can be used later for different purposes. The market is majorly driven by the fact that with a significant depletion in the availability of fossil resources and also the negative impact of these Read more...
Global Thin-film PV module market was valued at US$9.027 billion in 2019 and is expected to grow at a CAGR of 3.74% over the forecast period to reach a total market size of US$11.253 billion in 2025. Thin-film solar modules are made from thin-film solar cells. Thin-film solar cells (TFSCs) are the second-generation solar cells which are made from multiple thin-film layers of photovoltaic (PV) materials. These solar cells have a very thin layer of thickness, measured in nanometers, as compar Read more...
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