Cryogenic pump market is anticipated to grow at a CAGR of 9.1% during the forecast period (2024-2031). The increase in demand for cryogenic pumps across multiple end-use industries, including power generation and healthcare is one of the prime factors that drives the growth of the global market. Moreover, complex industrial processes incorporate the use of […]
Category Archives: Business
Solar farms market is anticipated to grow at a CAGR of 14.5% during the forecast period (2024-2031). The market growth is driven by the rising investment in solar energy production, increasing government efforts for energy diversification. The declining cost of solar electricity generation infrastructure by substantial government support through policies, subsidies, and schemes, and global […]
The global cryogenic equipment market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2021-2027). The significant rise in the trade of liquid natural gas (LNG) owing to increasing usage of LNG by the countries to phase out the non-renewable source of energy high cost of anticipated to drive the […]
The global power plant control system market is anticipated to grow at a CAGR of 5.4% during the forecast period. The power plant control systems enable the power plant operators to effectively manage the overall operations within the production plant. Globally, the aging power plants are now upgrading through the adoption of advanced and automated […]
The global energy retrofit market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. The increase in awareness and demand for renewable energy will boost the growth of the market. The shelf life of mostly HVAC and lighting technologies is more than 25 years, which are required to be replaced. […]
Smart utilities management market is anticipated to grow at a considerable CAGR of 18.5% during the forecast period. Advancement of digital technologies presents a transformational opportunity for the utilities sector. Innovations already used in many other industries, such as decentralized production, real-time analytics pulled from big data, sensor networks, and mobile computing, are changing the […]
Warehouse execution system market is anticipated to grow at a significant CAGR of 12.8% during the forecast period (2023-2030).Warehouse execution system is a software application that manages the processes of receiving, storing, picking, packing, and shipping goods in a warehouse. WESs are used by warehouses of all sizes, from small retail stores to large distribution […]
Surge arrester market is anticipated to grow at a CAGR of 4.8% during the forecast period (2023-2030). A surge arrester is a protective device used for mitigating voltage surges in electrical systems. Its core function is to redirect excess electrical energy, safeguarding sensitive equipment from potential damage. Key advantages of using surge arresters include efficient […]
The global biomass power generation market is expected to grow at a CAGR of around 8.5% during the forecast period (2021-2027). Biomass refers to biodegradable organic materials which are non-fossilized and originate from biological sources resulting from animals, plants, and micro-organisms. Biomass contains wastes, residues, and by-products from woods, agriculture industries as well as biodegradable […]
Coal handling is a very complex process that involves handling of coal from its unloading at the plant site to its subsequent firing in the boiler furnace. Over this subsequent period of time coal goes through a number of preparation and storage phase which requires certain equipment to handle coal in power plants. Complete coal […]