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Delray Beach, FL, March 19, 2025 (GLOBE NEWSWIRE) -- Diesel Generator Market size is projected to grow from USD 17.9 billion in 2024 to USD 23.4 billion by 2029, at a CAGR of 5.4%, as per the recent study 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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The global Nuclear Power Market Share is expected to grow from estimated USD 38.84 billion in 2024 to USD 44.71 billion by 2029, at a CAGR of 2.9% during the forecast period. The major factors driving the market growth of the nuclear power market include various driving factors such as many governments view nuclear power as a strategic constituent of their energy policy, and provide subsidies, tax incentives, or direct investment to build up nuclear projects. For example, some countries like China, Russia, and France have long-term plans to expand their nuclear power capacity. In addition, governments also set regulatory frameworks that ensure the safe development of nuclear energy. Similarly, Volatile and rising prices of fossil fuels such as oil, gas, and coal also make nuclear energy even more appealing as a cost-competitive alternative. Since fuel is needed in only small amounts in nuclear plants, uranium price volatility does not significantly affect the general energy costs.

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The global Electrolyzers Market Share is expected to grow from estimated USD 3.75 billion in 2024 to USD 78.01 billion by 2030, at a CAGR of 65.9% during the forecast period. This growth mainly comes in response to supportive government initiatives that encourage renewable energy technologies as well as advancements in the electrolysis process. Electrolyzers play a crucial role in the production of hydrogen since they split water into hydrogen and oxygen using electricity that can be generated from renewable sources, such as solar and wind energies. As nations accelerate efforts to decarbonize and reduce the reliance on fossil fuels, electrolyzers are increasingly important in diverse applications involving power generation, transportation, or industrial processes. The recent interest in hydrogen fuel cells and green ammonia production further underlines the potential of the electrolyser market as the basis of global energy transition towards sustainable solutions.

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The global Gas Insulated Switchgear Market Share is expected to grow from estimated USD 24.93 billion in 2024 to USD 33.53 billion by 2029, at a CAGR of 6.1% during the forecast period. This is attributed to the increase in strength across the power distribution infrastructure to meet the high demand for electricity, in addition to increasing investments into renewables and industrial production. In addition, the rapid growth in the deployment of high-voltage direct current (HVDC) systems will further boost market expansion during this period.

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The global Energy as a Service Market is anticipated to grow from estimated USD 51.88 billion in 2024 to USD 100.34 billion by 2030, at a CAGR of 11.6% during the forecast period. Major forces driving the Energy as a Service Market include the increased need for energy efficiency, surging energy prices, and global trends toward carbon neutrality and sustainability. Business houses are adopting EaaS solutions in order to bring their energy usage under control and reduce operational cost as they work towards achieving compliance with regulatory mandates toward decarbonizing. Higher growth in the market can be seen through the faster integration of distributed energy resources, which are mainly solar, wind, and energy storage systems. Energy management technologies such as IoT, AI, and demand response systems also now allow real-time optimization and automation of energy. Subscription-based models with minimal upfront capital expenditures and encouraging government policies regarding renewable energy will also help boost the EaaS market significantly.

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/PRNewswire/ -- The global Smart Meter Market is anticipated to grow from estimated USD 26.36 billion in 2024 to USD 46.14 billion by 2030, at a CAGR of 9.8% during the forecast period. Utilization of electric, gas and water smart meters transformed how utility operations are conducted. The advancement of smart meters combined with sensors and control systems and communication components lets utility systems operate in real-time. These time-based tariffs allow more efficient management of electricity, gas and water distribution since they account for periods of changing customer needs and supply costs. Smart electric meters deliver accurate power consumption data through their specific time tick measurements which correspond to electricity market clock intervals. Energy providers utilize this capability to establish off-peak price plans with reduced rates which drives consumers toward off-peak energy utilization.

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/PRNewswire/ -- The global Screw Compressor Market is anticipated to grow from estimated USD 12.74 billion in 2025 to USD 16.30 billion by 2030, at a CAGR of 5.0% during the forecast period. The market is growing due to Industrialization, demand for energy-efficient solutions, and growth in the manufacturing, oil and gas, and construction industries. Strict emission regulations and the necessity for low-maintenance, high-performance compressors propel adoption. Automation and smart monitoring advancements also stimulate growth in the market.

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Delray Beach, FL, Feb. 28, 2025 (GLOBE NEWSWIRE) -- The global Heat Pump Market size is projected to grow from USD 90.1 billion in 2024 to USD 157.8 billion by 2029, at a CAGR of 11.8% 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. Heat pumps can be integrated with renewable energy sources such as solar and wind power, enabling more sustainable and eco-friendly heating and cooling solutions, which align with the global trend towards renewable energy adoption. The heat pump market has witnessed substantial expansion recently, propelled by Stringent regulations aimed at reducing greenhouse gas emissions and promoting energy efficiency drive the adoption of heat pumps, which are more energy-efficient than traditional heating and cooling systems.

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(GLOBE NEWSWIRE) -- The global Electric Motors Market size is projected to grow from USD 152.2 billion in 2024 to USD 206.4 billion by 2029, at a CAGR of 6.3% according to a new report by MarketsandMarkets™. The rising demand for HVAC systems among residential, commercial, and industrial end-users, the growing demand for electric motors in manufacturing industries, and the increasing demand for energy-efficient motors are the major driving factors for the electric motors market. The growth of the electric vehicle (EV) industry is creating new revenue pockets for the electric motors market due to several factors. Electric motors are the heart of electric vehicles, providing the necessary torque and power to drive the vehicle. The increasing production and adoption of EVs directly boost the demand for electric motors, making the EV industry a significant revenue generator for motor manufacturers.

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The global High Voltage Power Transformer Market in terms of revenue was estimated to be worth $9.1 billion in 2024 and is poised to reach $12.3 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market stands to gain from the increasing capacity of renewable energy sources and substantial investments in industrial production, both of which are expected to boost the demand for High voltage power transformers. Another key factor contributing to this expansion is the growing adoption of high-voltage direct current systems, which is expected to further accelerate market growth during the forecast period.

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The global Electrical Bushings Market share is expected to grow from estimated USD 3.67 billion in 2024 to USD 4.77 billion by 2029, at a CAGR of 5.4% during the forecast period. The growth in the global Electrical Bushings Market is attributed to several factors. The principal factor includes the expansion of the infrastructure for power generation and distribution, which has been primarily driven by an increased global demand for electricity. The Asian Pacific region and Africa have become significant sites for rapid urbanization and industrialization. The need for reliable electrical components to complement such development explains the growth rate. The increasing demand for renewable energy generation, wind, and solar power has further increased the demand for electrical bushings, particularly grid integration.

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The Portable Power Station Market size is projected to grow from USD 0.5 billion in 2023 to USD 1.1 billion by 2028, at a CAGR of 18.4% according to a new report by MarketsandMarkets™. The increasing use of electronic devices in emergency power, off-grid power, and automotive applications will positively impact the portable power station market. Portable power stations are device engineered to supply electricity while on the move. These devices come equipped with rechargeable batteries and a variety of power outlets, such as USB ports, AC outlets, and DC outputs, enabling users to charge and operate a diverse array of electronic devices and appliances. Portable power stations are highly versatile and find applications in numerous scenarios, including outdoor activities, camping excursions, emergency situations, and environments where a reliable power source is scarce. The portable power stations offer a practical and dependable solution for powering various devices during outdoor activities, camping excursions, road trips, and emergency scenarios. By eliminating the need to depend on conventional power grids or generators, portable power stations ensure that users have access to electricity wherever they are. Their compact design, user-friendly nature, and capacity to deliver clean and sustainable power have significantly increased their appeal among individuals seeking reliable and adaptable energy sources.

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The global Carbon Offset/Carbon Credit Market is expected to grow from USD 414.8 billion in 2023 to USD 1,602.7 billion by 2028, at a CAGR of 31.0% according to a new report by MarketsandMarkets™. The voluntary carbon market continues to play a critical role in that transition by helping to channel funding into projects that reduce carbon emissions or remove carbon from the atmosphere. Since, the need to curb global warming has significantly increased, the carbon offsetting has become fundamental to achieving net-zero greenhouse-gas emissions. Increasing investments in carbon capture technologies and solutions along with the rise in projects that are helping communities and creating social impact, is expected to drive the carbon offset/carbon credit market.

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The global Electric Motors Market share is expected to grow from USD 152.2 billion in 2024 to USD 206.4 billion by 2029, at a CAGR of 6.3% during 2024-2029. As the world population grows and economies expand, the demand for energy, particularly oil and gas, continues to rise. Increasing demand for HVAC (Heating, Ventilation, and Air Conditioning) systems among residential, commercial, and industrial end-users, industries shift towards energy-efficient electric motors due to lowered energy utilization and operational costs in manufacturing industries are some of the major driving factors for the electric motors market.

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The global Energy Management Systems Market share is expected to grow from USD 49.01 billion in 2025 to USD 84.34 billion by 2029, at a CAGR of 13.8% during 2025-2029. Rising energy costs, integration of renewable sources for power generation, and strict government regulations and laws to reduce carbon and facilitate energy efficiency are promoting the growing EMS market worldwide. Adoption of smart grid technology and increased IoT-enabled devices further drive the growth in the EMS market by helping in monitoring and optimizing real-time energy usage. There will be increased innovation for redefining the EMS market landscape with applications based on AI or predictive analytics integration, along with enhanced cloud-based energy management solutions.

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The global Shore Power Market is anticipated to grow from estimated USD 2.03 billion in 2024 to USD 3.58 billion by 2029, at a CAGR of 12.0% during the forecast period. This growth is mainly driven by a higher demand for renewals in the maritime sector in order to reduce carbon emissions from docked ships, and therefore stricter regulations by the government to protect the environment. Higher investments in port infrastructure and alternative renewable energy sources entry are also adding up to the adoption of the shore power system. Among these are automation, smart grids, and energy management systems that are deployed to optimize shore power operations by improving energy efficiency and minimizing the costs associated with its operations. These benefits have propelled shore power systems from being ecologically and economically unfeasible to become the core part of transition to cleaner and more efficient port operations everywhere around the world.

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The global AC Motors Market is anticipated to grow from estimated USD 4.60 billion in 2024 to USD 6.60 billion by 2029, at a CAGR of 7.5% during the forecast period. Industrial growth, rapid urbanization, and increased usage in HVAC systems, water treatment, and manufacturing activities are driving the demand for AC motors. The industries located in China, India, and Japan require AC motors for efficient operation, power pumps, fans, and compressors.