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Track and Trace Solutions Market

MarketsandMarkets: The gas-insulated substation market is projected to reach USD 29.5 billion by 2023 from USD 18.9 billion in 2018, at a CAGR of 9.2%. Browse 65 market data Tables and 33 Figures spread through 132 Pages and in-depth TOC on "Gas-Insulated Substation Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222051400 The gas-insulated substation market is expected to register a CAGR of 9.3% from 2018 to 2023. The growth in this market is supported mainly by the growing renewable power generation, the increasing investments in the transmission & distribution infrastructure, the rising energy demand, and limitations of space availability in densely populated urban areas, and increasing government initiatives for improving the electricity access.

According to the new market research report "Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End-User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023", MarketsandMarkets: The gas-insulated substation market is projected to reach USD 29.5 billion by 2023 from USD 18.9 billion in 2018, at a CAGR of 9.2%. Browse 65 market data Tables and 33 Figures spread through 132 Pages and in-depth TOC on "Gas-Insulated Substation Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222051400 The gas-insulated substation market is expected to register a CAGR of 9.3% from 2018 to 2023. The growth in this market is supported mainly by the growing renewable power generation, the increasing investments in the transmission & distribution infrastructure, the rising energy demand, and limitations of space availability in densely populated urban areas, and increasing government initiatives for improving the electricity access. The high voltage segment will continue to dominate the gas-insulated substation market, by voltage type, during the forecast period The gas-insulated substation market is segmented, by voltage type, into medium, high, and extra high. The high voltage segment held the largest market share in 2018. This can be attributed to its reliability and protection for the grid infrastructure. High voltage gas-insulated substations are used widely for critical switchyard of large power generation plants. A majority of the gas-insulated substations connected to the high voltage transmission grid are of indoor types. The high voltage segment is also driven by the refurbishment of old power transmission infrastructure in the developed countries of Europe and North America.

Inverter Market is expected to reach USD 39.6 billion by 2028 from USD 18.9 billion in 2023 at a CAGR of 16.0% during the 2023-2028 period according to a new report by MarketsandMarkets™. The simplicity of installation for both string and micro inverters is the main factor propelling the global market's expansion. The industry has grown as a result of increased investment in the development of renewable power infrastructure and the rise in demand for electricity from diverse uses. It is projected that the renewable energy and rural electrification sectors would see a sharp increase in investment, which will present profitable prospects for industry participants. The business is growing globally as a result of the increased use of big-sized string inverters in the utility system and other commercial and industrial sectors. These inverters make it easier to install huge solar systems since they can link many solar panels.

The Inverter market is projected to reach USD 39.6 billion by 2028 from an estimated USD 18.9 billion in 2023, at a CAGR of 16.0% during the forecast period. The inverter market is experiencing rapid growth driven by several factors. Increased adoption of renewable energy sources, such as solar and wind power, necessitates inverters to convert generated direct current (DC) into usable alternating current (AC). Technological advancements have enhanced inverter efficiency and affordability, making them integral in diverse applications like residential solar installations, electric vehicles, and industrial machinery. Additionally, the growing demand for uninterrupted power supply and the expansion of smart grids contribute to the market surge. As energy needs evolve towards sustainability and efficiency, the inverter market continues to expand, meeting the demands of a changing energy landscape.

According to a research report, the global Sustainable Fuel Market is projected to reach USD 299.9 billion by 2029 from an estimated USD 193.8 billion in 2024, at a CAGR of 9.1% during the forecast period. Globally, stronger environmental regulations and policies need a reduction in carbon emissions. Governments enforce this through carbon price, emissions trading networks, and transportation-specific regulations. These approaches promote the use of sustainable fuels in order to satisfy regulatory responsibilities. Furthermore, governments throughout the world are establishing blending regulations, which mandate a certain percentage of sustainable fuels to be combined with traditional fuels. These regulations drive the market for sustainable fuels by assuring a steady demand. Furthermore, individuals are increasingly selecting environmentally friendly products and services. This shift in customer behavior puts pressure on businesses to adopt sustainable practices, such as the use of renewable energy.