Siemens

Smart Workplace Market to grow by USD 28.66 billion between 2022 - 2027 | Growth Driven by the need for energy conservation - Technavio

Retrieved on: 
Tuesday, October 10, 2023

The potential growth difference for the smart workplace market between 2022 and 2027 is USD 28.66 billion.

Key Points: 
  • The potential growth difference for the smart workplace market between 2022 and 2027 is USD 28.66 billion.
  • The need for energy conservation drives the smart workplace market.
  • Smart buildings, including smart workplaces, extensively use advanced engineering technologies and systems that monitor and control daily energy consumption in real-time.
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    Market Challenge - High initial investments associated with smart workplace solutions challenge the growth of the smart workplace market.

UK - High Voltage Direct Current (HVDC) Transmission Systems Market to grow by USD 363.9 million during 2022-2027 | Increasing demand for power to drive the growth - Technavio

Retrieved on: 
Tuesday, October 10, 2023

NEW YORK, Oct. 9, 2023 /PRNewswire/ -- The UK - high voltage direct current (HVDC) transmission systems market size is expected to grow by USD 363.9 million between 2022 and 2027.

Key Points: 
  • NEW YORK, Oct. 9, 2023 /PRNewswire/ -- The UK - high voltage direct current (HVDC) transmission systems market size is expected to grow by USD 363.9 million between 2022 and 2027.
  • The market is segmented by Component (Converter stations and Transmission medium) and Type (Subsea transmission, Underground transmission, and Overhead transmission).
  • The power loss during transmission is less than high voltage alternate current (HVAC) technology.
  • Growing demand for high-resolution transmission electron microscope (HRTEM) is the key factor driving the growth of the market.

Energy Efficiency Revolution: Building Energy Management System Market Set to Grow at 12.68% CAGR Through 2023

Retrieved on: 
Tuesday, October 10, 2023

The global building energy management system (BEMS) market is on the brink of significant expansion, with an estimated value set to soar to US$6.60 billion by 2023.

Key Points: 
  • The global building energy management system (BEMS) market is on the brink of significant expansion, with an estimated value set to soar to US$6.60 billion by 2023.
  • BEMS is a versatile system encompassing hardware, software, and services designed to optimize energy management through innovative strategies, including information and communication technology.
  • Moreover, BEMS technology plays a pivotal role in monitoring, automating, and controlling various building systems such as heating, ventilation, air conditioning, and lighting to enhance energy efficiency and comfort.
  • Industrial and commercial building energy demand decreased, while residential energy demand surged due to lockdowns and social distancing measures.

Global Energy as a Service (EaaS) Market to Reach $72.62 Billion by 2023, Fueled by Increasing Renewable Energy Adoption

Retrieved on: 
Monday, October 9, 2023

Renewable energy is considered a vital means of safeguarding the environment due to its low to zero harmful pollutant emissions.

Key Points: 
  • Renewable energy is considered a vital means of safeguarding the environment due to its low to zero harmful pollutant emissions.
  • These factors have led to an increase in renewable energy generation, positively impacting the adoption of the EaaS model and driving the global energy as a service market's growth.
  • An initial challenge in implementing the EaaS model is installing renewable energy systems and battery storage systems at end-user facilities.
  • Industries relying on renewable energy sources experienced partial shutdowns or reduced operations due to rising cases, affecting renewable energy demand and the overall EaaS market.

Smoke Detectors Market to grow by USD 1.62 billion from 2022 to 2027 | Growing replacement demand for smoke detectors to drive the growth- Technavio

Retrieved on: 
Monday, October 9, 2023

NEW YORK, Oct. 8, 2023 /PRNewswire/ -- The smoke detectors market is expected to grow by USD 1.62 billion from 2022 to 2027.

Key Points: 
  • NEW YORK, Oct. 8, 2023 /PRNewswire/ -- The smoke detectors market is expected to grow by USD 1.62 billion from 2022 to 2027.
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    The growing replacement demand for smoke detectors is a key factor driving market growth.
  • Additionally, 75% of US homes were equipped with smoke detectors as stated by the National Fire Protection Association.
  • Smoke detectors may not operate in a timely manner or fail to detect the presence of thick, toxic smoke.

IoT Sensors Market to grow by USD 27.36 billion between 2022 - 2027, Growth Driven by growing demand for smart factories and IIoT - Technavio

Retrieved on: 
Friday, October 6, 2023

The potential growth difference for the IoT sensors market between 2022 and 2027 is USD 27.36 billion.

Key Points: 
  • The potential growth difference for the IoT sensors market between 2022 and 2027 is USD 27.36 billion.
  • Smart factories and IIoT are gaining traction, which is a primary factor driving the growth of the IoT sensors market.
  • Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more.
  • The cellular IoT market size is estimated to grow at a CAGR of 23% between 2022 and 2027.

Air Circuit Breaker Market worth $4.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, October 6, 2023

By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.

Key Points: 
  • By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.
  • The industrial segment often leads the Air Circuit Breaker Market because industrial facilities have notably higher energy demands compared to residential or commercial sectors.
  • By type, the air blast circuit breaker segment is expected to grow at the fastest rate during the forecast period.
  • The air blast circuit breaker segment is witnessing robust growth within the Air Circuit Breaker Market due to its advanced technology, which efficiently handles high fault currents by employing compressed air to extinguish electrical arcs during faults, ensuring rapid and reliable interruption of high-power circuits.

Air Circuit Breaker Market worth $4.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, October 6, 2023

By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.

Key Points: 
  • By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.
  • The industrial segment often leads the Air Circuit Breaker Market because industrial facilities have notably higher energy demands compared to residential or commercial sectors.
  • By type, the air blast circuit breaker segment is expected to grow at the fastest rate during the forecast period.
  • The air blast circuit breaker segment is witnessing robust growth within the Air Circuit Breaker Market due to its advanced technology, which efficiently handles high fault currents by employing compressed air to extinguish electrical arcs during faults, ensuring rapid and reliable interruption of high-power circuits.

AqueoUS Vets Names Water Industry Leader Dr. Mirka Wilderer as Chief Executive Officer

Retrieved on: 
Wednesday, October 4, 2023

AqueoUS Vets (the “Company”), a vertically integrated solutions provider of water treatment and delivery systems, today announced the appointment of Dr. Mirka Wilderer as President and Chief Executive Officer.

Key Points: 
  • AqueoUS Vets (the “Company”), a vertically integrated solutions provider of water treatment and delivery systems, today announced the appointment of Dr. Mirka Wilderer as President and Chief Executive Officer.
  • Craw will partner with Dr. Wilderer in this next chapter of the Company to capture new growth and strategic partnership opportunities at the forefront of the water industry.
  • Dr. Wilderer is a seasoned industry executive who combines deep experience in driving corporate innovation with a passion for building sustainable wastewater solutions and making clean water ubiquitous across the world.
  • “I welcome Dr. Wilderer to AqueoUS Vets as our new President and CEO.

Digital Oilfield Market to grow by USD 10.23 billion from 2022 to 2027 | Increasing application in remote monitoring and control to boost market growth- Technavio

Retrieved on: 
Wednesday, October 4, 2023

NEW YORK, Oct. 4, 2023 /PRNewswire/ -- The digital oilfield market is expected to grow by USD 10.23 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Oct. 4, 2023 /PRNewswire/ -- The digital oilfield market is expected to grow by USD 10.23 billion from 2022 to 2027, according to Technavio.
  • Helps in remote monitoring and controlling is notably driving the digital oilfield market.
  • The digital oilfield market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market.
  • The oil and gas pipeline monitoring equipment market size is estimated to grow at a CAGR of 4.46% between 2023 and 2027.