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Small Modular Reactor Market is projected to reach USD 6.8 billion in 2030 from USD 5.8 billion in 2023 at a CAGR of 2.3% according to a new report by MarketsandMarkets™. Factors such as the versatile nature of nuclear power and the relative advantages of SMRs such as modularization and factory construction are enabling the growth of the market.

According to the new market research report, 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 Market.

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.

Generator Sales Market size is projected to grow from USD 21.6 billion in 2022 to USD 28.6 billion by 2027, at a CAGR of 5.8% according to a new report by MarketsandMarkets™. Generator plays a major role in bridging the gap between the power demand and supply. Frequent power outages and increasing demand for uninterrupted & reliable power supply for various residential, commercial and industrial applications are expected to drive the demand for-backup power generation.

The overall key players in the Small Modular Reactor Market are NuScale Power, LLC. (US), (Canada), Moltex Energy (Canada), and GE Hitachi Nuclear Energy (US). According to a new market research report, the global small modular reactor market size is estimated to be USD 5.8 billion in 2023 and is projected to reach USD 6.8 billion by 2030, at a CAGR of 2.3% during the forecast period. Factors such as the versatile nature of nuclear power and the relative advantages of SMRs such as modularization and factory construction are enabling the growth of the market.

The global large-scale natural refrigerant heat pump market is projected to reach USD 9.1 billion by 2027 from an estimated market size of USD 5.8 billion in 2022, at a CAGR of 9.4% during the forecast period.

The CHP market size will grow to USD 35.2 billion by 2026 (forecast year) from USD 26.6 billion in 2021 (estimated year), at a CAGR of 5.8% during the forecast period. Combined heat and power (CHP) is an energy-efficient technology that generates electricity and captures the heat that would otherwise be wasted to provide useful thermal energy, such as steam or hot water. This steam or hot water, in turn, can be used for heating, cooling, and other domestic and industrial processes. The conventional method of producing usable heat and power separately has a typical combined efficiency of 45%, where CHP systems can operate at levels as high as 80%. CHP can be implemented for different types of prime movers, such as gas turbines, steam turbines, reciprocating engines, fuel cells, and microturbines. CHP is also called cogeneration, and it can be used in an individual facility/building or a district energy/utility resource. The technology is typically employed at facilities where there is a need for electricity and thermal energy. It provides benefits such as a reduction in dependency on grid support due to on-site electricity generation, enhanced reliability, reduced costs of energy and initial setup, increased resiliency against power disruption, and reduction in harmful emissions. Critical electrical and thermal loads can be handled by CHP systems during grid power outages. Micro turbines are a type of combustion turbine that produces both heat and electricity on a relatively small scale.

The global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global coiled tubing industry is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific.

The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.8 billion in 2019, at a CAGR of 5.8% during the forecast period. The growth is attributed to the increase in use of stored hydrogen for stationary and backup power application. In addition to this, the demand for hydrogen is also generated from the chemical industry where hydrogen is used in the processes of producing ammonia and methanol.

The global Distributed control system (DCS) market is expected to grow from an estimated USD 17.5 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 5.8% during the forecast period.

The distributed control system market size will grow to USD 23.2 billion by 2026 (forecast year) from USD 17.5 billion in 2021 (estimated year), at a CAGR of 5.8% during the forecast period. Distributed control system (DCS) is A distributed control system (DCS) is employed for the handling of processes and plants to provide better control, safety, and product efficiency and quality at plants. Distributed control systems find applications in industries such as oil & gas, power generation, paper & pulp, food & beverages, pharmaceuticals, and chemicals to mainly control manufacturing through two processes: batch-oriented and continuous. The batch-oriented process is used when the production is carried out in subsequent batches, while the continuous process is used for the production type where the production flow does not involve any interruption. Distributed control systems localize the control functions near the process plant. which helps reduce the requirement of monitor/screen, as the process variables can be monitored remotely and decision can be taken accordingly.

The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.7 billion in 2019, at a CAGR of 5.8% during the forecast period. Increase in demand for hydrogen in the chemical industry and market for hydrogen in stationary and portable power are driving the growth of the global industry.

According to the new market research report "Large-scale Natural Refrigerant Heat Pump Market by Refrigerants (Ammonia (R717), Carbon Dioxide (R744), Hydrocarbons), Capacity (20-200 kW, 200-500 kW, 500-1,000 kW, Above 1,000 kW), End Use (Commercial, Industrial), Region - Global Forecast to 2027", published by MarketsandMarkets™, the Large-scale Natural Refrigerant Heat Pump Market is projected to reach USD 9.1 billion by 2027 from an estimated market size of USD 5.8 billion in 2022, at a CAGR of 9.4% during the forecast period. The factors driving the growth for Large-scale Natural Refrigerant Heat Pump Market is increasing visibility of contribution of large-scale natural refrigerant heat pump technology in reducing the carbon footprint.

The global large-scale natural refrigerant heat pump market is projected to reach USD 9.1 billion by 2027 from an estimated market size of USD 5.8 billion in 2022, at a CAGR of 9.4% during the forecast period.

The report "Large-scale Natural Refrigerant Heat Pump Market by Refrigerants (Ammonia (R717), Carbon Dioxide (R744), Hydrocarbons), Capacity (20-200 kW, 200-500 kW, 500-1,000 kW, Above 1,000 kW), End Use (Commercial, Industrial), Region - Global Forecast to 2027″, is projected to reach USD 9.1 billion by 2027 from an estimated market size of USD 5.8 billion in 2022, at a CAGR of 9.4% during the forecast period. The factors driving the growth for large-scale natural refrigerant heat pump market is increasing visibility of contribution of large-scale natural refrigerant heat pump technology in reducing the carbon footprint.

The global hydrogen energy storage market is expected to grow from an estimated USD 13.7 billion in 2019 to USD 18.2 billion by 2024, at a CAGR of 5.8% during the forecast period. The growth of this market is driven by an increase in demand for hydrogen in the chemical industry and demand for hydrogen in stationary and portable power.

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

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 Market.

The Combined Heat and Power Market is expected to grow from an estimated USD 26.6 billion in 2021 to USD 35.2 billion by 2026, at a CAGR of 5.8% during the forecast period. Gas turbine, followed by reciprocating engine, is widely used in CHP.

The global Distributed control system (DCS) market is expected to grow from an estimated USD 17.5 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 5.8% during the forecast period. Software segment is dominating the component type, followed by hardware segment, in the DCS market.