Hydrogen’s noteworthy contribution to clean energy transitions makes it a game changer for the power industry, says GlobalData. The leading data and analytics company notes that the power industry can leverage hydrogen’s potential as a cleaner burning…
Middle East renewables surge as energy transition accelerates, says GlobalData’s MEED
Renewable energy project contract awards in 2021 have eclipsed deals for conventional power plant projects in the Middle East as the region’s energy…
Global High Voltage Switchgear Market to Approach $16 Billion by 2021, says GlobalData
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…
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 rate of 1.87%, according to research and consulting firm GlobalData. The company’s latest report states…
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 at 22, followed by Norway and Denmark with nine and one respectively, according to research and consulting…
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…
