The global market for High Voltage Gas Insulated Switchgear (GIS) was valued at US$ 5601 million in the year 2024 and is projected to reach a revised size of US$ 7150 million by 2031, growing at a CAGR of 3.6% during the forecast period.
High Voltage Gas Insulated Switchgear (GIS) refer to rated voltage over 52KV. GIS is a kind of metal enclosed switchgear. That means, all the equipment of the ele...
The global market for Active Optical Cable was valued at US$ 3495 million in the year 2024 and is projected to reach a revised size of US$ 15360 million by 2031, growing at a CAGR of 23.9% during the forecast period.
An active optical cable (AOC) is a cabling technology that uses optical fiber between the connectors to improve the cable’s performance. There is a rise in demand for AOC as it serves...
The global market for Industrial Warning Lights was valued at US$ 114 million in the year 2024 and is projected to reach a revised size of US$ 151 million by 2031, growing at a CAGR of 4.2% during the forecast period.
Industrial warning lights are used in industrial lighting to keep workers safe and alert by means of heavy machinery or industrial vehicles and to provide visual signals to persons i...
The global market for Industrial MV and HV Inverter was valued at US$ 7839 million in the year 2024 and is projected to reach a revised size of US$ 9542 million by 2031, growing at a CAGR of 2.8% during the forecast period.
Industrial MV and HV Inverter is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency...
The global market for Home Energy Monitor was valued at US$ 245 million in the year 2024 and is projected to reach a revised size of US$ 449 million by 2031, growing at a CAGR of 9.2% during the forecast period.
A home energy monitor provides feedback on electrical energy use. Devices may also display cost of energy used, and estimates of greenhouse gas emissions. Various studies have shown a redu...
The global market for Mineral Insulated Cable was valued at US$ 2138 million in the year 2024 and is projected to reach a revised size of US$ 4431 million by 2031, growing at a CAGR of 11.1% during the forecast period.
Mineral insulated cable is manufactured from completely inorganic material. The copper sheath and conductors, insulated with magnesium oxide ensure that the cable is able to withsta...
The global market for Residential Wiring Accessories was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
The items used in domestic electrical wiring are called electrical accessories, e.g., switch, holder, socket, plug-top, ceiling rose, Dimmers cut-out etc. A switch is used to make a circuit...
The global market for High Energy Density Semi-solid Lithium Battery was valued at US$ 907 million in the year 2024 and is projected to reach a revised size of US$ 1978 million by 2031, growing at a CAGR of 9.5% during the forecast period.
High Energy Density Semi-solid Lithium Battery is a new type of battery at the forefront of lithium battery technology. They combine the characteristics of trad...
The global market for EHV and UHV Transformers was valued at US$ 557 million in the year 2024 and is projected to reach a revised size of US$ 979 million by 2031, growing at a CAGR of 8.2% during the forecast period.
EHV (Extra High Voltage) and UHV (Ultra High Voltage) transformers are types of transformers used in electrical power systems for the transmission of electrical power at very high vol...
The global market for Main Transformers for Nuclear Power Plant was valued at US$ 421 million in the year 2024 and is projected to reach a revised size of US$ 1058 million by 2031, growing at a CAGR of 14.0% during the forecast period.
The main transformer of a nuclear power plant is one of the most critical equipment in a nuclear power plant. Its main function is to increase the electrical energy...
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