Press Releases from MarketsandMarkets (7362 total)
CVD Lab-grown Diamonds Market worth $15.9 billion by 2027 | Key players De Beers …
According to recent market research the "CVD Lab-grown Diamonds Market by Type (Rough, Polished), Color, Application (Machine & Cutting Tools; Heat Sinks & Exchangers; Optical, Laser, & X-ray; Electronics; Healthcare Instruments; Gemstone), and Region - Global Forecast to 2027", is projected to grow from USD 11.3 billion in 2022 to USD 15.9 billion by 2027, at a CAGR of 7.1% from 2022 to 2027. Major factors driving the growth of…
Silanes Market worth 3.9 Billion USD by 2027 | Key players Evonik Industries (Ge …
According to recent market research the "Silanes Market by Type (Functional Silanes, Mono/Chloro Silanes), Application (Rubber & Plastics, Fiber Treatment, Adhesive & Sealants), End-Use (Building & Construction, Electrical & Electronics, Automotive), And Region - Global Forecast to 2027", The market for silanes is approximated to be USD 2.9 billion in 2022, and it is projected to reach USD 3.9 billion by 2027, at a CAGR of 6.2%. The major drivers…
Wire & Cable Compounds Market worth $19.2 billion by 2026 | Key players DuPont d …
According to recent market research the "Wire & Cable Compounds Market by Type (Halogenated Polymers (PVC, CPE), Non-halogenated Polymers (XLPE, TPES, TPV, TPU), End-use Industry (Construction, Automotive, Power, Communication and others) and Region - Global Forecast to 2026", size is expected to grow from USD 12.5 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 9.0% during the forecast period. The wire & cable compounds industry…
Structural Insulated Panels Market worth $517 million by 2025 | Key players Owen …
According to recent market research the "Structural Insulated Panels Market by Facing Material (OSB. MgO Board, and Others), Insulation Material (EPS, XPS, and Others), Application (Floor, Roof, and Wall), End Use (Residential, Non-Residential), and Region - Global Forecast to 2025" The global structural insulated panels market size is projected to grow from USD 405 million in 2020 to USD 517 million by 2025, at a CAGR of 5.0% from 2020…
Automotive Films Market worth $9.7 billion by 2028 | Key players 3M (US), Saint- …
According to recent market research the "Automotive Films Market by Films Type (Automotive Wrap Films, Automotive Window Films, Paint Protection Films), Application (Interior, Exterior), Vehicle Type (Passenger Vehicles, Commercial Vehicles), and Region - Global Forecast to 2028", is projected to reach USD 9.7 billion by 2028, at a CAGR of 5.7% from USD 7.4 billion in 2023. The Automotive films market is driven by the increasing demand for mobile advertising…
Defense Electronics Market Projected to reach $213.2 billion by 2028
This report analyzes the defense electronics market from 2023 to 2028. It discusses various industry and technology trends currently prevailing in the defense electronics market along with the factors that drive, restrain, and challenge the market growth globally. The Defense electronics market is estimated to be USD 166.7 billion in 2023 and is projected to reach USD 213.2 billion by 2028, at a CAGR of 5.1% during the forecast…
Sanitary Pumps and Valves Market Set to Grow at the Fastest Rate- Time to Grow y …
The global sanitary pumps and valves market size is projected to grow from USD 2.1 billion in 2023 to USD 2.5 billion by 2028, at a CAGR of 3.6% from 2023 to 2028. Sanitary pumps and valves are generally adopted in industries such as processed food, beverages, pharmaceuticals, and dairy, as well as in plants that require no chemical or physical hazards and high hygienic grades to prevent damage.
https://www.marketsandmarkets.com/Market-Reports/sanitary-pumps-valves-market-165107743.html
By pump…
With 7.0% CAGR, Raman Spectroscopy Market Growth to Surpass USD 1.1 billion
The Raman spectroscopy market is estimated to be worth USD 1.1 billion in 2023 and is projected to reach USD 0.8 billion by 2028, at a CAGR of 7.0% during the forecast period.
Raman spectroscopy is both qualitative and quantitative in nature. It can be used for microscopic analysis, with a spatial resolution of the order 0.5-1 µm. A basic Raman microscope combines a Raman spectrometer with a standard optical…
Residential Energy Storage Market Future Prospects 2028 | Tesla, VARTA AG, Enpha …
According to a new market research report, the global residential energy storage market is estimated to be valued at USD 898 million in 2023 (Estimate Year) and is projected to reach USD 2,081 million by 2028 (Forecast Year) growing at a CAGR of 18.3% during the forecast period. The growing production of electric vehicles and the rising demand for solar PV systems are expected to be the main drivers of…
Medical Adhesives Market worth $12.3 billion in 2026 | Key players Ethicon, Inc. …
According to recent market research the "Medical Adhesives Market by Natural Type, Synthetic & Semi-synthetic Resin Type (Acrylic, Silicone, Cyanoacrylate, PU, Epoxy), Technology (Water based, Solvent based, and Solids and Hot melts), Application, and Region - Global Forecast to 2026" The market size for Medical adhesives is projected to grow from USD 8.8 billion in 2021 to USD 12.3 billion in 2026, at a CAGR of 7.0%. Growing demand for…
Carbon Fiber Tape Market worth $4.4 billion by 2027 | Key players Teijin Ltd. (J …
According to recent market research the "Carbon Fiber Tape Market by Form (Prepreg Tape, Dry Tape), Resin (Epoxy, Thermoplastic, Polyamide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods), and Region - Global Forecast to 2027", size is expected to grow from USD 2.4 billion in 2022 to USD 4.4 billion by 2027, at a CAGR of 13.0%, during the forecast period. Owing to…
Europe Biodegradable Polymers Market worth $829 million by 2024 | Key players Na …
According to recent market research the "Europe Biodegradable Polymers Market for Extrusion Coating, By Type (PLA, Starch, PBS, PHA), Substrate (Paper & Paperboard, Cellulose Films), Application (Rigid Packaging, Flexible Packaging, Liquid Packaging) Country - Forecast to 2024", is expected to grow from USD 403 million in 2019 to USD 829 million by 2024, at a CAGR of 15.5% during the forecast period. The major factors driving the market include high…
Motor Monitoring Market is Projected to Reach $3.5 billion by 2028 | Leading key …
According to a research report "Motor Monitoring Market by Offering, Deployment, Monitoring Process, End-use (Metals and Minings, Oil and Gas, Power Generation, Water and Wastewater, Food and Beverages, Chemicals, Automotive, Aerospace and Defense) and Region - Global Forecast to 2028" published by MarketsandMarkets, the Motor monitoring market is projected to reach USD 3.5 billion by 2028 from an estimated USD 2.3 billion in 2023, at a CAGR of 8.7% during…
Navigating the Global Defense Landscape - A Comprehensive Outlook on the Future …
According to a research report "Global Defense Industry Outlook 2024 - A Look Ahead at the Defense Landscape" published by MarketsandMarkets, the global military expenditure is estimated to be USD 2,012.1 billion in 2023 and is expected to reach USD 2,132.0 billion in 2024, growing at an annual rate of 2.74% from 2023 to 2024.
Browse the Report Details:
https://www.marketsandmarkets.com/Market-Reports/global-defense-industry-outlook-153569545.html
Various regions around the world confront distinctive security challenges, including but not limited…
Pool & Spa Market Projected to Reach $23.6 Billion by 2027
The global Pool & Spa Market size is estimated to be USD 23.6 billion by 2027 from USD 19.1 billion in 2022, at a CAGR of 4.3% during the forecast period. The Pool & Spa Market is expected to witness significant growth during the forecast period, owing to the rising residential and commercial construction activities and increased investment installation of pools & spas for recreational purposes. However, emerging smart technologies…
5G From Space Market Projected to reach $3,693 million by 2028
The 5G from space market is valued at USD 300 million in 2023 and is projected to reach USD 3,693 million by 2028, at a CAGR of 65.1% from 2023 to 2028. 5G from space is a new technology that uses satellites to provide high-speed, low-latency connectivity to devices and users around the world. This technology has the potential to revolutionize the way we communicate and access information, and it…
Virtual Production Market Set to Grow at the Fastest Rate- Time to Grow your Rev …
The global virtual production market size is estimated to be USD 2.6 billion in 2022 and is projected to reach 5.1 billion by 2027, at a CAGR of 14.5% during the forecast period. The increasing demand due to the pandemic and the increasing implementation of LED wall technology are expected to drive the market growth for virtual production market.
https://www.marketsandmarkets.com/Market-Reports/virtual-production-market-264844353.html
The virtual production market has promising growth potential due to several…
With 21.8% CAGR, Extreme Ultraviolet (EUV) Lithography Market Growth to Surpass …
The EUV lithography market is expected to reach USD 25.3 billion by 2028 from USD 9.4 billion in 2023, at a CAGR of 21.8% during the 2023-2028 period. Extreme ultraviolet reflectometry (EUVR) is a new imaging technique have been created because of developments in EUV lithography. Extreme ultraviolet reflectometry (EUVR), which can be used to quantify the thickness and refractive index of thin films utilized in EUV lithography, is one…
Molded Plastics Market worth $675.7 billion by 2027 | Key players LyondellBasell …
According to recent market research the "Molded Plastics Market by Type (PE, PP, PVC, PET, PS, PU), Application (Packaging, Automotive & Transportation, Construction & Infrastructure, Electronics & Electrical, Pharmaceutical, Agriculture), and Region - Global Forecast to 2027", size is projected to reach USD 675.7 billion by 2027 from USD 499.1 billion in 2022, at a CAGR of 6.2% during the forecast period. The increasing demand for molded plastics in packaging…
Waterborne Polyurethanes Market worth $2.1 billion by 2025 | Key players Covestr …
According to recent market research the "Waterborne Polyurethane Market by Application (Coatings, Adhesives, Sealants, Elastomers, And Others), End-Use Industry (Building & Construction, Automotive & Transportation, Bedding & Furniture, Electronics, And Others), Region - Global Forecast To 2025", The waterborne polyurethanes market is projected to grow from USD 1.7 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 5.2%. The demand for waterborne polyurethanes in emerging economies,…
Release Coating Market worth $225 million by 2025 | Key players Dow (US), Wacker …
According to recent market research the "Release Coating Market Material (Silicone, Non-Silicone), Formulation(Solvent Based, Solventless, Emulsions), Release Liner, Application (Labels, Tapes, Hygiene, Industrial, Medical, Food Bakery) and Region - Global Forecast to 2025" The release coating market is estimated to be USD 157 million in 2020 and is projected to reach USD 225 million by 2025, at a CAGR of 7.5% between 2020 to 2025. The release coating market is…
Blower Market is Projected to Reach $4.6 billion by 2028 | Leading key players a …
According to a research report "Blower Market by Product Type (Positive Displacement Blowers, Centrifugal Blowers, High-speed Turbo Blowers, Regenerative Blowers), Pressure, Distribution Channel, End-user Industry and Region - Global Forecast to 2028" published by MarketsandMarkets, the Blower is projected to reach USD 4.6 billion by 2028 from an estimated USD 3.7 billion in 2023, at a CAGR of 4.8% during the forecast period.
Browse 219 market data Tables and 48 Figures spread through 266…
Switchgear Monitoring System Market worth $2.7 Billion by 2028 | MarketsandMarke …
The global Switchgear Monitoring System Market is expected to reach USD 2.7 billion by 2028 from USD 1.8 billion in 2023 at a CAGR of 8.4% during the 2023-2028 period according to a new report by MarketsandMarkets™. The demand to secure electrical distribution systems is the need for the continuous monitoring of switchgear, and growing investments in renewable energy offer high-growth opportunities for the market.
Gas Insulated Switchgear, by type, is…
Autonomous Last Mile Delivery Market Projected to $4.2 billion by 2030
The autonomous last mile delivery market is valued at USD 0.9 billion in 2023 and is projected to reach USD 4.2 billion by 2030, at a CAGR of 22.7%. There is increasing usage of sense and avoid systems in aerial delivery drones BVLOS features and enhanced safety offered by them. These sense and avoidance systems use a combination of cameras, radar, LiDAR, and other systems to detect and avoid obstacles…
With 14.9% CAGR, Mobile Robots Market Growth to Surpass USD 40.6 billion
The mobile robots market is estimated to be worth USD 20.3 billion in 2023 and is projected to reach USD 40.6 billion by 2028, at a CAGR of 14.9% during the forecast period. The advancements in technology, particularly in areas such as artificial intelligence, machine learning, and sensor technology, have greatly enhanced the capabilities and efficiency of mobile robots. Moreover, the rising demand for automation and the need for…
Next-Generation Solar Cell Market Set to Grow at the Fastest Rate- Time to Grow …
The next-generation solar cell market was valued at USD 3.0 billion in 2023 and is projected to reach USD 7.4 billion by 2028, growing at a CAGR of 19.5% from 2023 to 2028. The surging demand for renewable energy is one of the major opportunities in the market.
https://www.marketsandmarkets.com/Market-Reports/next-generation-solar-cell-market-94742566.html
The utility segment held the largest market share in 2022, and a similar trend is expected to be observed during the…
Calcite Market worth $13.0 billion by 2024 | Key players Imerys S.A. (France), O …
According to recent market research the "Calcite Market by Type (GCC, PCC), Application (Paper, Paints & Coatings, Construction, Plastics, Adhesives & Sealants), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2024" In terms of value, the global calcite market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at…
Corrosion Inhibitors Market worth $10.1 billion by 2026 | Key players Solenis (U …
According to recent market research the "Corrosion Inhibitors Market by Compound(Organic, Inorganic), Type(Water Based, Oil Based and VCI), Application, End-Use (Power Generation, Oil & Gas, Metal & Mining, Pulp & Paper, Utilities, Chemical), and Region - Global Forecast to 2026", size is projected to grow from USD 7.9 billion in 2021 to USD 10.1 billion by 2026, at a CAGR of 4.9% between 2021 and 2026. Corrosion inhibitor is a…
Industrial Fabric Market worth $162.9 billion by 2025 | Key players Forbo Intern …
According to recent market research the "Industrial Fabric Market by Fiber Type (Polyamide, Polyester, Aramid, Composite, and Others), Applications (Conveyor Belt, Transmission Belt, Protective Apparel, Automotive Carpet, Flame Resistance Apparel, and Others), Region - Global Forecast to 2025" The global industrial fabric market size is expected to grow from USD 108.3 billion in 2020 to USD 162.9 billion by 2025, at a CAGR of 8.5% during the forecast period. Industrial…
Motor Monitoring Market is Projected to Reach $3.5 billion by 2028 | Leading key …
According to a research report "Motor Monitoring Market by Offering, Deployment, Monitoring Process, End-use (Metals and Minings, Oil and Gas, Power Generation, Water and Wastewater, Food and Beverages, Chemicals, Automotive, Aerospace and Defense) and Region - Global Forecast to 2028" published by MarketsandMarkets, the Motor monitoring market is projected to reach USD 3.5 billion by 2028 from an estimated USD 2.3 billion in 2023, at a CAGR of 8.7% during…
Surge Arrester Market Projected to Reach $1.9 Billion by 2025
The global Surge Arrester Market is expected to grow from an estimated USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus of on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well as in electrification projects. These…
Cellulose Acetate Market worth $6.3 billion by 2026 | Key players Eastman chemic …
According to recent market research the "Cellulose Acetate Market by Type (Fiber, Plastic), Application (Cigarette Filters, Textiles & Apparel, Photographic Films, Tapes & Labels), and Region (North America, Europe, APAC, MEA, & South America) - Global Forecast to 2026" The cellulose acetate market size is projected to reach USD 6.3 billion by 2026, at a CAGR of 4.7%, during the forecast period. Owing to an increase in number of smokers,…
Dimethylformamide (DMF) Market worth $2.7 billion by 2027 | Key players Shandong …
According to recent market research the "Dimethylformamide (DMF) Market by Type (Reactant and Feedstock), End-use industries (Chemicals, Electronics, Pharmaceutical, and Agrochemical), and Region (Asia Pacific, Europe, North America, Europe, MEA and South America) - Global Forecast to 2027" published by MarketsandMarkets, the DMF market is projected to grow from USD 2.3 billion in 2022 to USD 2.7 billion by 2027, at a CAGR of 3.2% between 2022 and 2027. Growing…
Steel Wire Rope & Plastic Rope Market worth $17.5 billion by 2026 | Key players …
According to recent market research the "Steel Wire Rope & Plastic Rope Market by Type of Lay (Regular Lay, Lang Lay), Material Type (PP, PET, Nylon, HMPE, Specialty fibres), Application (Marine & Fishing, Sports & Leisure, Oil & Gas, Industrial & Crane) Region - Global Forecast to 2026", size is expected to grow from USD 11.9 billion in 2021 to USD 17.5 billion by 2026, at a CAGR of 8.0%…
Diesel Engines Market Projected to Reach $78.8 Billion by 2028
The global Diesel Engines Market is projected to reach USD 78.8 billion in 2028 from USD 63.9 billion in 2023 at a CAGR of 4.3% according to a new report by MarketsandMarkets™. The market growth has been attributed to the growing demand for commercial vessels, which will anticipate maritime tourism, and will eventually drive the demand for diesel engines used in the marine industry.
Power Generation is expected to be…
Directed Energy Weapons Market Set to Grow at the Fastest Rate- Time to Grow you …
The report on the directed energy weapon market provides an analysis of the market from 2019 to 2027. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The directed energy weapon market is projected to grow from USD 5.3 Billion in 2022 to USD 12.9 Billion by 2027, at a CAGR of 19.6% from…
AR and VR Display Market Projected to reach $8.2 billion by 2028
The AR and VR display market is projected to grow from USD 1.8 billion in 2023 to USD 8.2 billion by 2028; it is expected to grow at a CAGR of 35.6% from 2023 to 2028. The key factors fueling the growth of this market include growing adoption of AR and VR HMDs in different industries, adoption of AR and VR devices in gaming industry, growing adoption of AR and…
With 38.6% CAGR, Exoskeleton Market Growth to Surpass USD 3.7 billion
The global exoskeleton market size is expected to grow from USD 0.7 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 38.6%. The growth of the market is attributed to the rising demand for exoskeletons from the healthcare vertical as well as higher investments of manufacturers in the development of exoskeleton technology. However, regulatory challenges in securing approvals for medical applications of exoskeletons is restraining the…
Gelcoat Market worth $1,808 million by 2025 | Key players HK Research Corporatio …
According to recent market research the "Gelcoat Market by Resin Type (Polyester, Vinyl Ester, Epoxy, and Others), End-use Industry (Marine, Transportation, Wind-Energy, Construction, and Others), and Region - Global Forecast to 2025", size is expected to grow from USD 974 million in 2020 to USD 1,808 million by 2025, at a CAGR of 13.2% during the forecast period. Composites are increasingly used in the marine, transportation wind energy, construction, and…
Rising at 9.4% CAGR, Large-scale Natural Refrigerant Heat Pump Market Size to Hi …
According to a 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", 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.…
Carbon Fiber Prepreg Market worth $18.9 billion by 2027 | Key players Mitsubishi …
According to recent market research the "Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Thermoplastic, BMI, Polyimide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace & Defense, Automotive, Sports & Recreation, Wind Energy) - Global Forecast to 2027", The global carbon fiber prepreg market size is expected to grow from USD 9.7 billion in 2022 to USD 18.9 billion by 2027, at a CAGR of 14.2% during the…
Electric Vehicle Insulation Market worth $4.2 billion by 2024 | Key players BASF …
According to recent market research the "Electric Vehicle Insulation Market by Product Type (TIM, Foamed Plastic, Ceramic), Application (Under the Bonnet & Battery Pack, Interior), Propulsion Type (BEV, PHEV), Insulation Type (Thermal, Electrical, Acoustic) and Region - Global Forecast to 2024" The electric vehicle insulation market is estimated to be USD 1.3 billion and is projected to reach USD 4.2 billion by 2024, at a CAGR of 26.7% during the…
MarketsandMarkets Unveils Comprehensive Global Semiconductor Industry Outlook 20 …
The Global Semiconductor Industry Outlook for 2024 is set to furnish projections on the semiconductor industry's performance, encompassing discrete semiconductors, optoelectronics, sensors, and integrated circuits, including analog, micro, logic, and memory. To achieve this, the report will analyze the industry's 2023 performance compared to 2022, highlighting pivotal developments in the semiconductor landscape during 2023.
https://www.marketsandmarkets.com/Market-Reports/global-semiconductor-industry-outlook-2024-201471467.html
Furthermore, it will delve into the key trends in 2024 that are poised to influence the semiconductor…
Multispectral Camera Market Projected to reach $2.2 billion by 2028
This report analyzes the multispectral camera market from 2023 to 2028. It discusses various industry and technology trends currently prevailing in the multispectral camera market along with the factors that drive, restrain, and challenge the market growth globally. The multispectral camera market is estimated to be USD 1.4 billion in 2023 and is projected to reach USD 2.2 billion by 2028, at a CAGR of 9.0% from 2023 to…
Ethernet Connector and Transformer Market Set to Grow at the Fastest Rate- Time …
The global Ethernet connector & transformers market is estimated to be valued at USD 940 million in 2023 and is expected to reach USD 1,294 million by 2028, at a CAGR of 6.6% from 2023 to 2028. Ethernet connectors are vital components of network communication equipment. They are attached at the end of an Ethernet cable plugged into the routers, TVs, computers, laptops, etc. These are generally used to manage…
With 21.5% CAGR, AI In Computer Vision Market Growth to Surpass USD 45.7 billion
The global AI in computer vision market is expected to be valued at USD 17.2 billion in 2023 and is projected to reach USD 45.7 billion by 2028; it is expected to grow at a CAGR of 21.5% from 2023 to 2028. Automatic extraction, analysis, and understanding of data from a single image or a sequence of images is known as artificial intelligence-based computer vision. In recent years, computer vision…
Composites In Oil & Gas Industry Market worth $3.4 billion by 2028 | Key players …
According to recent market research the "Composites In Oil & Gas Industry Market by Resin Type (Epoxy, Composites, Polyester, Phenolic), Fiber Type (Carbon, Glass,), Application (Pipes, Tanks, Top Side Applications, Pumps & Compressors), and Region - Global Forecasts to 2028", is estimated at USD 2.3 billion in 2022 and is projected to reach USD 3.4 billion by 2028, at a CAGR of 6.1% from 2023 to 2028. Factors such as…
3D Printing High Performance Plastic Market worth $362 million by 2028 | Key pla …
According to recent market research the "3D Printing High Performance Plastic Market by Type (PA, PEI, PEEK & PEKK, Reinforced HPP), Form (Filament & Pellet, Powder), Technology (FDM/FFF, SLS), Application, End-Use industry, and Region - Global Forecasts to 2028", is estimated at USD 123 million in 2023 and is projected to reach USD 362 million by 2028, at a CAGR of 24.0% from 2023 to 2028. The robust medical &…
Diaphragm Pumps Market Forecast to Surpass $7.6 billion by 2027 with a CAGR of 4 …
According to a new market research report, the global diaphragm pumps market is expected to grow from an estimated USD 6.1 billion in 2022 to USD 7.6 billion by 2027, at a CAGR of 4.5% during the forecast period. The growth of water and wastewater treatment industry and the spurt in oil & gas activities are main drivers for the diaphragm pumps market. Growth in pharmaceutical industry is expected to…
Transformer Monitoring Market worth $3.7 Billion by 2028
The Transformer Monitoring Market is expected to reach USD 3.7 billion by 2028 from USD 2.4 billion in 2023 at a CAGR of 9.1% during the 2023-2028 period according to a new report by MarketsandMarkets™. Transformer monitoring is critical for guaranteeing power transformer reliability and performance. It enables real-time monitoring of critical factors like temperature, oil condition, and electrical parameters. Early diagnosis of possible problems allows for initiative-taking maintenance, reduces…
