The global high voltage (HV) switchgear market is set to rise from $11.6 billion in 2016 to just under $16 billion in 2021, registering a compound annual growth rate (CAGR) of 6.4%, according to research and consulting firm GlobalData. The company’s latest…
Asia-Pacific Region Provides Best Opportunities in Declining Global Gas Turbine Market, Says GlobalData
The global gas turbine market is set to fall from $8.49 billion in 2016 to around $7.73 billion by 2021, representing a negative compound annual growth…
UK will Account for Majority of Crude and Natural Gas Projects in North Sea, with 22 Operations Expected to Commence Operations in the Region by 2025, says GlobalData
A total of 32 crude and natural gas projects are expected to commence operations in the North Sea region by 2025, with the UK claiming the highest number…
Steam Generators to See Boom in Asia-Pacific Region as Governments Come Round to Nuclear Power, says GlobalData
The global steam generators market for nuclear power is set to rise from a cumulative $7.3 billion between 2010 and 2015 to $13.9 billion between 2016 and 2025, with Asia-Pacific (APAC) expected to emerge as the dominant region, accounting for 47.2% of global…
Global Power Industry Deals Value Declined to $610 Billion in 2015
LONDON, UK, April 6, 2016—The global power industry saw 2,855 deals worth just over $610 billion occur in 2015, representing a decrease of 17% in the number of deals and 8% in deal value compared to 2014, which saw 3,444 transactions worth almost $666 billion,…
Smart Meter Deployments to Double Market Revenue as the World Switches on to Wireless
An increase in smart meter deployments will see the global market for wireless communication modules approximately double in value over the coming years, jumping from $532m in 2012 to $1.3 billion in 2020, at a Compound Annual Growth Rate (CAGR) of 12%, according…
Thermal Power Market to Heat Up with Adoption of Efficient Fossil Fuel Technologies, says GlobalData
Efficient fossil fuel technologies will drive the ongoing growth of the global thermal power market, with generation expected to hit 19,869.1 TWh by 2020, as countries across the world work towards green, low-carbon and sustainable development, according to…
Demand for Smart Grid in China to Drive $20bn SCADA Boom
China’s intense focus on national smart grid development will drive massive revenue growth in the power Transmission and Distribution (T&D) Supervisory Control and Data Acquisition (SCADA) systems market in the coming years, says research and consulting…
