Lithium iron phosphate (LiFePO4) batteries have gained popularity among common users due to their many advantages. These batteries are used in a wide range of applications, from small electronic devices to electric vehicles. In this Blog, we will explore the top 8 Benefits of LiFePO4 battery packs for users.
The global portable generator market is projected to reach a size of USD 2.5 billion by 2026, at a CAGR of 6.7%, from an estimated USD 1.8 billion in 2021.
According to the new market research report "Electric Traction Motor Market by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW, and Above 400 kW), Application (Railways, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery) and Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Electric Traction Motor Market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period. The increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector are likely to drive the market growth.
The global industrial control transformer market is projected to reach USD 1.2 billion by 2027 from an estimated USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period.
Antenna wiring harness produced by Holly Electronics is RF antenna built-in antenna, WIFI antenna, car antenna, GPS antenna, built-in PCB/FPC antenna, wire color: light gray, dark gray, black, white, brown, etc.; The length of wire can be customized according to customer needs); Products are used in electronics, electrical appliances, energy, finance, electric power, digital home appliances, automobiles, communications.
The global ring main unit market size is projected to reach USD 2.5 billion by 2025 from an estimated value of USD 1.6 billion in 2020, at a CAGR of 9.3% during the forecast period.
The reed Relay market size is estimated to be USD 352 million by 2022 and is projected to reach USD 1,125 million by 2030, at a CAGR of 15.6%.
According to a new market research report, the reed relay market is estimated to be USD 352 million in 2022 to USD 1,125 million by 2030, at a CAGR of 15.6% during the forecast period. Increasing adoption of EVs, rising investments in renewables, and growing demand from medical and instrumentation industry are the key factors driving reed relay market growth.
The reed relay market is dominated by a few globally established players such as ABB (Switzerland), Standex International Corporation (US), Siemens (Germany), Schneider Electric (France), and TE Connectivity, COTO Technology (US), Pickering Electronic Ltd (UK), General Electric (Switzerland), and Towards Relays (Taiwan).
Retrofitting of existing vessels with newer engines as emission regulations become more stringent may also lead to an increase in the number of orders for small marine engines.
According to a new market research report,the small marine engines market size is estimated to be USD 10.3 billion by 2027 (forecast year) from USD 7.8 billion in 2022 (estimated year), at a CAGR of 5.5% during the forecast period. The global small marine engines market is expected to witness significant growth during the forecast period, owing to the surge in fishing activities and the resultant increase in demand for commercial vessels. However, stringent environmental regulations for decarbonization worldwide, and the lack of infrastructure in developing economies are likely to hamper the growth of the small marine engines market.
Remote power panels (RPPs) connect power distribution extensions from power distribution units (PDUs) or other power sources to server racks. They can be integrated into data centers as advantageous modular systems. RPPs help increase power distribution capacity irrespective of the power distribution configuration in a data center.
According to a new market research report, the global remote power panel market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 4.8% during the forecast period. Factors such as increased investments in colocation and hyperscale data centers which is driving the need for power distribution components for proper functioning and monitoring.
According to a new market research report, the global industrial control transformer market is expected to grow from an estimated USD 0.9 billion in 2022 to USD 1.2 billion by 2027, at a CAGR of 5.0% during the forecast period. An industrial control transformer is essentially an isolation transformer that offers great voltage regulation. It is sometimes referred to as control transformer, or control power transformer, or even machine tool transformer. These are designed with low impedance windings for voltage regulation, and can accommodate the high inrush current associated with contactors, starters, solenoids, and relays. Growth in manufacturing industry and chemical industry to offer remunerative opportunities for the industrial control transformer market during the forecast period.
The global oil & gas pumps market is projected to reach USD 9.0 billion by 2025 from an estimated USD 6.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the oil & gas pumps market. Likewise, the development of pipeline infrastructure in Asia Pacific and the Middle East and the discovery of new reservoirs in the African region are expected to offer lucrative opportunities for the oil & gas pumps market during the forecast period.
Wind Turbine Casting Market major factor expected to drive growth is increasing demand for renewable sources of energy, which include wind, solar, and water
This growth can be attributed to the growth in electrical network infrastructure, increasing investments in the transmission & distribution infrastructure, increasing demand for reliable and secure power supply, and increasing investments in renewable power generation.
The Global marine VFD market is expected to grow from an estimated USD 804 million in 2021 to USD 1,075 million by 2026, at a CAGR of 6.0% during the forecast period. Marine VFD are increasingly being installed and is showing robust growth.
New regulations to reduce/limit the power blackouts and strengthen the power distribution networks are creating a market for power sector equipment. The equipment to make smarter decisions by providing real-time data to reveal problems and improvement opportunities is the major factor driving the market of Switchgears.
The global generator sales market is projected to reach USD 28.6 billion by 2027 from an estimated USD 21.6 billion in 2022, at a CAGR of 5.8% during the forecast period. The rapid expansion of the industrial sector along with Surging demand for uninterrupted & reliable power supply to drive demand for backup power generation is expected to drive the demand for global Generator Sales