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poojagblog-blog · 2 days

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The global Diesel Generator Market is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™. Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies. The longevity and durability of diesel generators allow them to operate over extended periods ensuring continuous power supply during emergencies.

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poojagblog-blog · 3 days

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The global Solid Biomass Feedstock Market is expected to reach USD 36.2 billion by 2029 from USD 26.6 billion in 2024 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Solid biomass feedstock refers to organic materials which are in solid state sourced from different sources such as agriculture, forestry, and organic waste, which can be utilized for energy production via combustion, gasification, or other conversion methods. These resources, are renewable and easily accessible, rendering them crucial for generating heat, electricity, and biofuels. Solid biomass feedstock serves as a cornerstone in the shift toward sustainable energy systems, providing a carbon-neutral substitute for fossil fuels and mitigating greenhouse gas emissions.

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poojagblog-blog · 4 days

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The global Synchronous Condenser Market is projected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6%, according to a new report by MarketsandMarkets™. Synchronous condensers ensure a stable supply to the transmission grid. They can also supply and absorb reactive power and deliver voltage support and dynamic regulation. In addition, many renewable resources are remotely located and feed power into a single radial line. Synchronous condensers can be installed close to the connection point to strengthen the grid with additional short-circuit power. This improves the fault ride-through capability of the power installation itself and provides additional voltage stability. With renewable power generation on the rise, the market for synchronous condensers is expected to witness substantial growth in the coming years. This trend is expected to gain traction in North America and Europe, where renewable energy is gaining momentum, and the conventional power generation infrastructure is aging and converted to synchronous condensers.

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poojagblog-blog · 5 days

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The global Virtual Power Plant Market is expected to grow from an estimated USD 1.9 billion in 2024 to USD 5.5 billion by 2029, at a CAGR of 23.4% during the forecast period. Virtual power plants are essential because they provide enhanced grid stability by optimizing and integrating diverse energy sources, contributing to increased energy efficiency and the seamless incorporation of renewable energy into power systems. This results in a more resilient and sustainable energy infrastructure. Growth in the smart grid directly influences the virtual power plant market. Additionally, factors such as an increasing share of renewable energy, declining costs of solar generation and energy storage, and a shift from centralized to distributed generation drive the virtual power plant market expansion.

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poojagblog-blog · 6 days

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The global Diesel Generator Market is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™. Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies. The longevity and durability of diesel generators allow them to operate over extended periods ensuring continuous power supply during emergencies.

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poojagblog-blog · 9 days

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/PRNewswire/ -- Solid Biomass Feedstock Market is expected to reach USD 36.2 billion by 2029 from USD 26.6 billion in 2024 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Solid biomass feedstock refers to organic materials which are in solid state sourced from different sources such as agriculture, forestry, and organic waste, which can be utilized for energy production via combustion, gasification, or other conversion methods. These resources, are renewable and easily accessible, rendering them crucial for generating heat, electricity, and biofuels. Solid biomass feedstock serves as a cornerstone in the shift toward sustainable energy systems, providing a carbon-neutral substitute for fossil fuels and mitigating greenhouse gas emissions.

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poojagblog-blog · 10 days

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The global Direct Air Capture Market is expected to grow from an estimated USD 62 million in 2023 to USD 1,727 million by 2030, at a CAGR of 60.9% during the 2023–2030 period according to a new report by MarketsandMarkets™. Direct Air Capture provides a pathway to offset emissions that cannot be entirely eliminated. Direct air capture technology is known for its unique technology which directly captures CO2 from the ambient air, which is poised to play a pivotal role in the carbon removal process. Countries across the globe are putting efforts to reduce their carbon emission to meet the net-zero emission goals. Direct Air Capture (DAC) systems exhibit adaptability in their deployment, capable of being implemented across diverse scales and geographical locations. This inherent flexibility contributes to the versatility of DAC technology, allowing for customization to suit the specific magnitude of emissions and regional needs.

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poojagblog-blog · 11 days

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The global Virtual Power Plant Market is expected to grow from an estimated USD 1.9 billion in 2024 to USD 5.5 billion by 2029, at a CAGR of 23.4% during the forecast period. Virtual power plants are essential because they provide enhanced grid stability by optimizing and integrating diverse energy sources, contributing to increased energy efficiency and the seamless incorporation of renewable energy into power systems. This results in a more resilient and sustainable energy infrastructure. Growth in the smart grid directly influences the virtual power plant market. Additionally, factors such as an increasing share of renewable energy, declining costs of solar generation and energy storage, and a shift from centralized to distributed generation drive the virtual power plant market expansion.

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poojagblog-blog · 12 days

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/PRNewswire/ -- Diesel Generator Market is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™.

#diesel generators #energy #energia #power generation #utilities #power #utility #electricity #diesel generator #diesel #generators #Generator #power supply #power outage #off grid #off grid power #emergency power

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poojagblog-blog · 13 days

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The global Digital Oilfield Market is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™.

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poojagblog-blog · 16 days

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The global Electrolyzers Market is expected to reach USD 57.2 billion by 2030 from USD 0.5 billion in 2023 at a CAGR of 97.7% during the 2023–2030 period according to a new report by MarketsandMarkets™.

#electrolyzer #electrolyzers market #electrolyzers #energy #energia #power generation #utilities #power #utility #renewable power #renewableenergy #renewable resources #green hydrogen production #green hydrogen #renewable hydrogen #hydrogen technologies #hydrogene #hydrogen

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poojagblog-blog · 17 days

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The global Blue Ammonia Market is expected to grow from an estimated USD 78 million in 2023 to USD 7,664 million by 2030, at a CAGR of 62.3% according to a new report by MarketsandMarkets™.

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poojagblog-blog · 18 days

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The global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0 billion by 2027, at a CAGR of 6.8%. The electric motors market is mainly driven by increasing investments in electric vehicles and development of manufacturing industry. Increasing demand for HVAC systems among residential, commercial, and industrial end-users, growing demand for electric motors in manufacturing industries, and rising demand for energy-efficient motors are the major driving factor for electric motors market.

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poojagblog-blog · 19 days

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The global Smart Meter Market is expected to grow from an estimated USD 23.1 billion in 2023 to USD 36.3 billion by 2028, at a CAGR of 9.4% according to a new report by MarketsandMarkets™.

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poojagblog-blog · 20 days

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The global Carbon Offset/Carbon Credit Market is expected to grow from an estimated USD 414.8 billion in 2023 to USD 1,602.7 billion by 2028, at a CAGR of 31.0% during the forecast period. The Carbon Offset/Carbon Credit Market growth has been attributed to rising global warming and the need to remove carbon from the atmosphere. The market is driven by factors such as growing compliance requirements and regulatory schemes across the regions.

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poojagblog-blog · 23 days

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Heat Pump Market worth $157.8 Billion by 2029 - The Globe and Mail

The global Heat Pump Market is expected to grow from an estimated USD 90.1 billion in 2024 to USD 157.8 billion by 2029, at a CAGR of 11.8% during the forecast period according to a new report by MarketsandMarkets™. Heat Pump is a more reliable way of heating & cooling on a large scale. The versatile nature of heat pump could enable the transition to a cleaner world and a stronger global economy this is pivotal in propelling the expansion of the Heat Pump Market. Furthermore, the global expansion of heating and cooling solutions has heightened the adoption of heat pump. The amalgamation of these systems with renewable energy contributes to their increased demand, aligning with global efforts to diminish reliance on fossil fuels and minimize carbon footprints. Government support and stringent safety regulations are pivotal factors driving the growth of the heat pump system market. To incentivize the development and expansion of heat pump, many governments provide financial support, subsidies, and favorable regulatory environments.

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poojagblog-blog · 24 days

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Chicago, April 03, 2024 (GLOBE NEWSWIRE) -- The global Nuclear Power Plant Control System Market size is expected to grow from USD 636 million in 2023 to USD 825 million by 2028, at a CAGR of 5.3% according to a new report by MarketsandMarkets™.

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