Electric power industry

Electrical Conductors Market for the Power Industry: USD 13.8 Billion Growth Forecasted at a CAGR of 6.78% between 2024 to 2028 - Technavio

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日曜日, 1月 28, 2024

NEW YORK, Jan. 28, 2024 /PRNewswire/ -- The Electrical Conductors Market for the Power Industry is set for substantial growth with a robust USD 13.8 billion surge at an impressive CAGR of 6.78% between 2023 and 2028, as forecasted by Technavio.

Key Points: 
  • NEW YORK, Jan. 28, 2024 /PRNewswire/ -- The Electrical Conductors Market for the Power Industry is set for substantial growth with a robust USD 13.8 billion surge at an impressive CAGR of 6.78% between 2023 and 2028, as forecasted by Technavio.
  • The power transmission segment is forecasted to play a major role in the market's growth, accounting for a significant share.
  • Electrical Conductors Market For The Power Industry Application Outlook (Revenue, USD bn, 2023-2028)
    Electrical Conductors Market For The Power Industry Type Outlook (Revenue, USD bn, 2023-2028)
    Electrical Conductors Market For The Power Industry Geography Outlook (Revenue, USD bn, 2023-2028)
    The Europe - Aluminium Wire Rods Market size is estimated to grow at a CAGR of 5.54% between 2023 and 2028, with the market size forecast to increase by USD 1.17 billion.
  • The US - semiconductor capital spending market size is estimated to grow at a CAGR of 5.31% between 2023 and 2028.

Programmable Logic Controller (PLC) Market Size to Grow USD 19510 Million by 2029 with a CAGR of 5.3% | Valuates Reports

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水曜日, 8月 9, 2023

Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.

Key Points: 
  • Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.
  • Major Factors Driving the Growth of Programmable Logic Controller (PLC) Market:
    Over the forecast period, high demand for PLC from various end-use industries is anticipated to propel market expansion.
  • During the forecast period, an increase in industrial automation or a growing acceptance of Industry 4.0 is anticipated to fuel the growth of the PLC market.
  • TRENDS INFLUENCING THE GROWTH OF PROGRAMMABLE LOGIC CONTROLLER MARKET:
    The adoption of Industry 4.0 standards and the development of automation have been key market drivers for PLCs.

Programmable Logic Controller (PLC) Market Size to Grow USD 19510 Million by 2029 with a CAGR of 5.3% | Valuates Reports

Retrieved on: 
水曜日, 8月 9, 2023

Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.

Key Points: 
  • Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.
  • Major Factors Driving the Growth of Programmable Logic Controller (PLC) Market:
    Over the forecast period, high demand for PLC from various end-use industries is anticipated to propel market expansion.
  • During the forecast period, an increase in industrial automation or a growing acceptance of Industry 4.0 is anticipated to fuel the growth of the PLC market.
  • TRENDS INFLUENCING THE GROWTH OF PROGRAMMABLE LOGIC CONTROLLER MARKET:
    The adoption of Industry 4.0 standards and the development of automation have been key market drivers for PLCs.

Net-Zero for the Grid Not Possible Without Nuclear Energy, Analysts Say, an Industrial Info News Alert

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火曜日, 5月 2, 2023

In the U.S. economy, nuclear power capacity appears at a standstill. The U.S. Energy Information Administration (EIA), the statistical arm of the Department of Energy, showed renewable energy increases from 20% of total electricity generation in 2021 to 26% by next year. Coal declines from 23% in 2021 to 17% next year, though other sources are stable. Natural gas stays at around 37% next year, while nuclear power should account for 20% of the mix--unchanged from 2021 levels.

Key Points: 
  • Industrial Info is tracking 249 nuclear power units under development globally, with a combined capacity of more than 220 gigawatts.
  • Natural gas stays at around 37% next year, while nuclear power should account for 20% of the mix--unchanged from 2021 levels.
  • Vogtle, meanwhile, is the only conventional nuclear power facility found in Industrial Info's list of upcoming U.S. projects.
  • Burt, however, said when it comes to net-zero ambitions, the power sector won't be able to decarbonize without nuclear power.

Halo Microelectronics Agrees to Sell Its AC-DC Silicon Controller IC Venture

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木曜日, 1月 19, 2023

CAMPBELL, Calif., Jan. 19, 2023 /PRNewswire/ -- Halo Microelectronics (SSE: 688173), a maker of analog and power management integrated circuits enabling energy-efficient smart systems, announced an agreement to sell the remaining interest in its AC-DC silicon controller IC joint venture to Navitas Semiconductor for a total sale price of US $20 million in Navitas' stock.

Key Points: 
  • CAMPBELL, Calif., Jan. 19, 2023 /PRNewswire/ -- Halo Microelectronics (SSE: 688173), a maker of analog and power management integrated circuits enabling energy-efficient smart systems, announced an agreement to sell the remaining interest in its AC-DC silicon controller IC joint venture to Navitas Semiconductor for a total sale price of US $20 million in Navitas' stock.
  • In 2021, Halo Microelectronics and Navitas created a joint venture to develop application-specific silicon controllers that are optimized to work in combination with GaN ICs to set new standards for high efficiency, density, cost, and integration for a wide range of applications.
  • "The successful culmination of our partnership to provide innovative GaN and controller copak enabled us the highest efficiency and smallest solutions for mobile fast charging was a win-win for both companies," said David Nam, CEO of Halo Microelectronics.
  • "This is another strategic acquisition for Navitas as we integrate critical silicon controller capabilities with our leading-edge GaN and SiC technologies," said Navitas CEO and co-founder Gene Sheridan.

Blink Charging Teams Up with Hertz to Keep EV Rentals Charged and on the Road in Phoenix for the Big Game

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金曜日, 2月 10, 2023

Phoenix, AZ, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink” or the “Company”), a leading manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, is proud to announce it has teamed up with Hertz to provide FREE EV charging to Hertz customers renting electric vehicles while visiting for the big game over the weekend in the greater Phoenix area.

Key Points: 
  • Blink to provide reliable charging to Hertz customers at all greater Phoenix area charging stations for both Level 2 and DC Fast Chargers.
  • The demand for rental cars during large, high-profile events increases significantly, and Hertz has brought in additional EV rentals to meet that need.
  • To help customers charge their EV rentals, Blink is providing free, reliable, fast charging to customers who rent from all Phoenix-area Hertz locations.
  • “We’re excited to welcome thousands of travelers to Phoenix for the big game and partner with Blink to provide free charging for our EV customers,” says Dave Knudtson, Hertz Division Vice President.

Apollo Senior Floating Rate Fund Inc. Declares February 2023 Monthly Distribution of $0.113 Per Share

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木曜日, 2月 9, 2023

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of February 2023 of $0.113 per common share, payable on the date noted below.

Key Points: 
  • NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of February 2023 of $0.113 per common share, payable on the date noted below.
  • The following dates apply to the declared distribution:

Apollo Tactical Income Fund Inc. Declares February 2023 Monthly Distribution of $0.122 Per Share

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木曜日, 2月 9, 2023

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of February 2023 of $0.122 per common share, payable on the date noted below.

Key Points: 
  • NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of February 2023 of $0.122 per common share, payable on the date noted below.
  • The following dates apply to the declared distribution:

Texas utility selects Wärtsilä technology for new 190 MW grid-balancing peaker power plant

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木曜日, 2月 2, 2023

HOUSTON, Feb. 02, 2023 (GLOBE NEWSWIRE) -- The technology group Wärtsilä will supply the generating equipment for a new approximately 190 MW power plant to be built in Texas, USA.

Key Points: 
  • HOUSTON, Feb. 02, 2023 (GLOBE NEWSWIRE) -- The technology group Wärtsilä will supply the generating equipment for a new approximately 190 MW power plant to be built in Texas, USA.
  • The order was placed by Lower Colorado River Authority (LCRA), a river authority based in Austin, Texas providing wholesale power to the Texas power grid.
  • “This new dispatchable peaker power plant with Wärtsilä technology will support the Texas power grid within minutes,” said Randa Stephenson, LCRA chief commercial officer.
  • The plant will be located in Central Texas and will operate with ten Wärtsilä 50SG engines running on natural gas.

Twenty20 Solutions Announces Advanced Security Solutions for Electrical Substations

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水曜日, 2月 1, 2023

IRVING, Texas, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Twenty20 Solutions ("Twenty20"), a leading provider of automated security technology for the Electric Utilities industry, announces the release of the SiteWatch™ family of products for substation monitoring.

Key Points: 
  • IRVING, Texas, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Twenty20 Solutions ("Twenty20"), a leading provider of automated security technology for the Electric Utilities industry, announces the release of the SiteWatch™ family of products for substation monitoring.
  • Industry leaders are emphasizing the need for robust security solutions to ensure the safety and reliability of these vital assets.
  • ASLI, a new generation of "gunshot detection" technology, is a vital component of comprehensive substation security solutions.
  • Leading security technology providers, such as Twenty20 Solutions, have adapted by incorporating advanced technology into a full line of portable, self-contained, on- and off-grid capable solutions.