The Utility Billing Software Market is expected to grow at a CAGR of 8.31% during the forecast period (2020 - 2025). Utilities comprise of effective billing and collection systems. The rapidly changing industrial environment, the presence of digitally advanced consumers, and the convergence of digital devices and technologies and traditional...
China smart grid market is expected to grow at a CAGR of 14.32% during the forecast period. As the world’s largest energy producer and consumer, China has the largest and one of the fastest-growing markets for transmission and distribution. The country has introduced various smart grid networks to minimize losses, like transmission and distribution,...
This IDC Market Perspective provides an overview of the utilities industry in 3Q20, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major traditional infrastructure projects; major renewables infrastructure projects; water developments; major hybrid and battery energy storage projects;...
The global circuit breaker market size is projected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9% from 2020 to 2025. The key drivers for the circuit breaker market include growing investments in power generation, specifically from renewable energy sources; rising demand for reliable and secure...
The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission...
The global vacuum interrupter market is projected to reach USD 3.1 billion by 2025 from an estimated USD 2.4 billion in 2020, at a CAGR of 5.1% during the forecast period. This growth can be attributed to factors such as expansion in transmission & distribution networks, upgradation & modernization of aging infrastructure for safe & secure...
The smart meter market witnessed a shipment of approximately 131.23 million units of smart meters globally in 2019 and is estimated to reach to 188.12 million units by 2025, registering a CAGR of 6.6% for the forecast period. Smart grids are being implemented around the world, with the aim of improving the efficiency of power networks. Smart...
The advanced distribution management system market is expected to grow at a CAGR of 16.43% during the forecast period. Increasing renewable energy demand across the world, the surging requirements for better customer service and utility efficiency, and rapid development of the smart grid are some of the major factors driving the growth of...
Executive Summary The Global HVDC Transmission Market was valued at USD 7831.55 Million in the year 2019. Rapid urbanization along with favorable government reforms across residential & commercial establishments will drive the HVDC Transmission market. With the rising demand for electricity in Asia-Pacific countries and...
The solid-state transformer market size is expected to grow from USD 100 million in 2024 to USD 241 million by 2030; it is expected to grow at a CAGR of 15.8% from 2024 to 2030. The key factors driving the growth of the solid-state transformer market are growing alternative energy sector, and increasing investments in smart grids and energy...