Market Scope The global electric traction motor market is expected to grow at 18.08% CAGR during the forecast period. This is driven by investments in charging infrastructure, policies encouraging electric vehicle (EV) and hybrid vehicle (HV) production, and propulsion gear required in electric transmission systems. The investments in development of railways and construction of metros, mono...

Market Overview In 2019, the global Distribution Automation Market was projected to account for USD 12.4 billion of market revenue. Further, the market is registered to generate worth USD 19.24 billion during the research period. However, the global market is predicted to achieve a CAGR of 7.31% between the assessment period of 2021 to 2028. The increasing need for energy efficiency is one of...

Market Overview Market Research Future (MRFR), in its latest Wind Turbine Gearbox market share 2020 report, reveals several factors that can impel the expansion of the market. As per MRFR study, the global Wind Turbine Gearbox market size is poised to reach a value of USD 8,630 Mn by 2025. The rise in the awareness of renewable sources and the high rate of depletion of fossil fuels are factors...

Market Synopsis As per the reports by Market Research Future Reports (MRFR), the Global Vacuum Interrupter Market is estimated to value USD 3.64 Billion by the end of 2025, expanding at a CAGR of 6.53% from 2019 and 2025. The vacuum interrupter is an interior part of high and medium-voltage circuit breakers that are utilized for quenching of the arc. It primarily lessens the power wastage and...

Market Highlights The steam boiler market is expected to expand at ~ 4.10% CAGR during the period. Steam boiler is defined as a vessel in which water or other fluid is heated under pressure. It is generally used to generate power in steam engines. The advantages of steam boiler include easy maintenance with lesser downtime, ideal for larger set ups, and no need for external energy source such...

Market Highlights: The global solar water heater market is expected to grow at ~ 8.50% CAGR during the forecast period. Solar water heater is a device which provides hot water for industrial, commercial, and residential applications. A solar water heater comprises of an array of collectors to collect and store solar energy. There are mainly three types of solar collectors that are used in...

Market Scope According to MRFR, the solar thermal collectors market size is expected to attain a global CAGR of 8.15% during the ongoing forecast period of 2021-2028. the market is likely to attain a global market revenue worth USD 41.96 Billion. Rise in renewable energy schemes and incentives for its adoption by industries for lowering the reliance on utilities for power can drive the market...