Variable Frequency Drive Market By Type (AC Drives, Servo Drives, DC Drives); By Power Range (Micro Drives, Low Power Drives, Medium Power Drives, High Power Drives); By Application (Pumps, Fans, Compressors, Conveyors, HVAC Systems, Centrifuges, Extruders); By End-User Industry (Oil & Gas, Industrial (Manufacturing, Automation), Power Generation, Water & Wastewater Treatment, HVAC, Mining & Metals, Pulp & Paper, Marine, Food & Beverage, Renewables (e.g., wind and solar)); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

The Global Variable Frequency Drive Market is projected to grow from $23.7 billion in 2024 to $34.4 billion by 2030, registering a CAGR of 6.3% during the forecast period. Variable frequency drives are electronic systems that modify a relatively fixed voltage and frequency, converting them into v... Read More

Floating Offshore Wind Market By Components (Turbines, Floating Structures, Subsea Cables, Others); By Location (Shallow Water, Deep Water, Transitional Water); By Application (Commercial Power Generation, Research and Development, Others); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The floating offshore wind market size is growing rapidly and is expected to grow at a CAGR of 88.37% during the forecast period. The surging demand for renewable energy sources, driven by climate change concerns and energy security needs, is propelling the rapid growth of the floating offshore w... Read More

Power Transformer Market By Power Rating (Large, Medium, Small); By Phase (Three Phase, Single Phase); By Cooling Type (Air-cooled, Oil-cooled); By Core (Shell, Closed, Berry); By End-Use Industry (Residential & Commercial, Industrial, Utilities); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

Power Transformer Market Size & Overview

The Power Transformer Market was valued at USD 25.5 billion in 2024 & is projected to reach USD 38.1 billion by 2030, growing at a CAGR of 6.8%. The market is driven by the rising electricity demand, grid modernization ... Read More

Heat Pump Market By Type (Air Source Heat Pumps; Ground Source (Geothermal) Heat Pumps; Water Source Heat Pumps; Hybrid Heat Pumps); By Capacity (Up to 10 kW; 10-20 kW; 20-30 kW; Above 30 kW); By Refrigerant Type (R410A; R32; R290 (Propane); CO₂ (R744); Others); By End-Use Industry (Residential; Commercial; Industrial); By Application (Space Heating; Cooling; Water Heating; Hybrid Heating & Cooling); By Technology (Air-to-Air Heat Pumps; Air-to-Water Heat Pumps; Ground-to-Air Heat Pumps; Ground-to-Water Heat Pumps); By Installation Type (New Build; Retrofit); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

Heat Pump Market Size & Overview

The heat pump market was valued at approximately $65.4 billion in 2024 and is projected to reach $125.8 billion by 2030, growing at a CAGR of 11.4% during the forecast period. The market's expansion is driven by rising demand f... Read More

Cooling Tower Market By Type (Closed Circuit Cooling Towers; Open Circuit Cooling Towers; Hybrid Cooling Towers); By Design (Mechanical Draft Cooling Towers; Natural Draft Cooling Towers); By Material (Concrete Cooling Towers; Steel Cooling Towers; Fiber-Reinforced Plastic (FRP) Cooling Towers; Wooden Cooling Towers); By Flow Type (Crossflow Cooling Towers; Counterflow Cooling Towers); By Application (Power Generation; HVAC (Heating, Ventilation, and Air Conditioning); Oil & Gas; Chemical & Petrochemical; Food & Beverage; Pharmaceuticals; Others); By End-User Industry (Industrial; Commercial; Residential); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

Cooling Tower Market Size & Overview

The Cooling Tower Market was valued at $3.8 billion in 2024 and is projected to reach $5.6 billion by 2030, expanding at a CAGR of 6.5% during the forecast period.

Cooling towers play a crucial role i... Read More

Cast Resin Transformer Market By Phase (Single-Phase Cast Resin Transformer; Three-Phase Cast Resin Transformer); By Power Rating (Up to 1 MVA; 1 MVA – 5 MVA; Above 5 MVA); By Core Type (Shell Core; Closed Core); By Application (Power Distribution; Renewable Energy Integration; Industrial Applications; Commercial Infrastructure; Transportation & Railways; Data Centers); By End-Use Industry (Utilities; Industrial Manufacturing; Oil & Gas; Renewable Energy; Commercial & Residential Buildings; Transportation); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

Cast Resin Transformer Market Size & Overview

The cast resin transformer market was valued at $3.8 billion in 2024 and is projected to reach $6.5 billion by 2030, growing at a CAGR of 8.7% during the forecast period. This growth is primarily driven by the increasing... Read More

Automotive Wind Tunnel Market By Type (Closed-Circuit Wind Tunnels, Open-Circuit Wind Tunnels, Adaptive Wind Tunnels); By Application (Passenger Cars, Commercial Vehicles, Electric Vehicles, Autonomous Vehicles, Motorsports Vehicles); By Testing Type (Aerodynamic Testing, Thermal Testing, Acoustic Testing, Multiphysics Testing); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

The automotive wind tunnel market was worth USD 910 million in 2023 and is expected to reach USD 1.52 billion, with a compound annual growth rate of 7.6% by 2030. The growth is attributed to new vehicle testing technologies, rising electric vehicle use, and higher authorities’ demands for b... Read More

Smart Air Purifier Market By Technology (High-Efficiency Particulate Air (HEPA), Activated Carbon, UV-C Light Purifiers, Ionic Filters); By Application (Residential, Commercial, Industrial); By Distribution Channel (Online Retail, Offline Retail (Specialty Stores, Supermarkets)); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

The smart air purifier market was USD 8.2 billion in 2023 and is expected to reach USD 14.9 billion by 2030, rising at a CAGR of 8.7 percent during the forecast period. This market's growth is primarily due to increasing awareness of indoor air pollution, enhanced use of smart Homes, and impl... Read More

Heating Radiator Market By Type (Panel Radiators, Column Radiators, Towel Warmers, Electric Radiators); By Application (Residential, Commercial, Industrial); By Material (Aluminum, Steel, Cast Iron); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

The global heating radiator market is expected to reach $7.3 billion in 2023 and $11.2 billion by 2030, at a CAGR of 6.2% during the assessment period. Increasing awareness about energy efficient heating equipment, along with increasing investments in the construction sectors – residential ... Read More

Molten Salt Thermal Energy Storage Market By Storage Material (Sodium Nitrate, Potassium Nitrate, Calcium Nitrate, Others); By Application (Concentrated Solar Power [CSP], Industrial Heating, Desalination, District Heating & Cooling, Others); By End User (Utility-Scale Power Generation, Industrial Sector, Commercial Sector); By Geography, Segment Revenue Estimation, Forecast, 2024–2032.

The molten salt thermal energy storage market was worth USD 4.2 billion and is estimated to reach USD 9.8 billion with a CAGR of 12.5% by 2030. As the focus of the global energy system shifts towards decarbonization and energy security, molten salt TES systems bridge the gap between grid supply, ... Read More