#market

The global solar power market size is projected to reach $194.75 B by 2027, exhibiting a CAGR of 5.9 % during the forecast period.

Global market for liquid-immersed transformers estimated at $32.1B in 2020, is projected to reach a revised size of $40.7B by 2027, growing at a CAGR of 3.4%.

The global distribution transformer market was valued at $13.9B in 2017 and is projected to reach $22.86B by 2025, growing at a CAGR of 7.4 % from 2018 to 2025.

According to MRFR, the global smart grid sensors market is expected to secure approximately $4 B by 2023 at a CAGR of 18 % over the forecast period 2017-2023.

The global market for liquid-immersed transformers estimated at $32.1 B in the year 2020, is projected to reach a revised size of $40.7 B by 2027.

Global demand for power substation automation market was valued at app. $48.4B in 2019 and is expected to generate revenue of around $71.1B by the end of 2026.

Research Dive’s report reveals that the global solid state transformer market is projected to surpass $1.25B by 2027, rising at a CAGR of 26% from 2020 to 2027.

The global market for digital substation estimated at $7 B in 2020, is projected to reach a revised size of $10.9 B by 2027, growing at a CAGR of 6.4 %.

USA, New York: Reportlinker.com announces the release of the report “Global Industrial Control Transformers Industry”, stating 5 % over the period 2020-2027.

Amid the COVID-19 crisis, the global market for industrial control transformers is projected to reach a revised size of $1 B by 2027.

The global dry type transformer market size is expected to reach $7.5 B by 2026, rising at a market growth of 6.9 % CAGR during the forecast period 2020 – 2026.

The global transformer oil market is projected to reach $3B by 2025 from a market size of $2.2B in 2020, at a CAGR of 6.9% during the forecast period.

The HVDC transmissions system market, valued at $7.5 B in 2019, is expected to surge past valuation of $17 B by 2028 progressing at a CAGR of 8.7 %.

Electrical steel market size is estimated to be $31.5 B in 2020 and projected to reach $45.9 B by 2025, at a CAGR of 7.9 % from 2020 to 2025.

Global gas insulated substation market is projected to reach a revised size of $34.2 B by 2027, growing at a CAGR of 8 % over the analysis period 2020-2027.

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The high voltage equipment market is expected to grow in the next ten years, as per the new report Global Electricity Transmission Equipment Market Report.

Global smart transformers market was valued at $1.77 B in 2019 and is projected to reach $3.72 B by 2027, growing at a CAGR of 10.48 % from 2020 to 2027.

The global market for distribution transformers estimated at $17. 4 B in the year 2020, is projected to reach a revised size of $19.7 B by 2027.

The global dry type transformer market was valued at $5.4 Bin 2019, and is projected to reach $7.3 B by 2027, growing at a CAGR of 6.1% from 2020 to 2027.

The global gas insulated substation market, estimated at $14.7 B in 2015, is expected to reach value $35.8 B, rising at a CAGR of 10.31 % from 2015 to 2024.

The flexible AC transmission systems market is estimated to grow from $1.2 B in 2020 to $1.5 B by 2025, at a CAGR of 5.4 % from 2020 to 2025.

The global substation monitoring system market was valued at $4.07 B in 2019 and is projected to reach $7.18 B by 2027, growing at a CAGR of 7.93 % from 2020 to 2027.

Mobile substation market was valued at $1.02 B in 2019 and is projected to reach $11.67 B by 2027, growing at a CAGR of 7.4 % from 2020 to 2027.

The Middle East distribution transformer market was registered at $2.75 B in the year 2015 and is anticipated to reach $3.9 B by 2024.

North America is expected to be the leading contributor to the global market revenue during the forecast period.

The global GIS substations market size was $28 B and it is expected to reach $37.45 B by the end of 2026, with a CAGR of 4.2 % during 2021-2026.

The global digital substation market, valued at $1.7 B in 2020, is expected to reach $2.5 B by the end of 2026, growing at a CAGR of 5.7 % during 2021-2026.