Energy & Power
Smart Grid Market
Market Overview: The global smart grid market was valued at approximately USD 75 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 15.2% from 2025 to 2032 to reach USD 233 billion by 2032.
Virtual Power Plant Market Report
Market Overview: The global virtual power plant market was valued at approximately USD 2.0 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 21.1% from 2025 to 2032.
Solid Oxide Fuel Cell Market
Market Overview: The global solid oxide fuel cell market was valued at approximately USD 1.8 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 28.5% from 2025 to 2032. The market is driven by by the global shift toward clean, efficient, and low-emission energy technologies.
Variable Frequency Drive Market
Market Overview: The global variable frequency drive market was valued at approximately USD 22.2 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2032.
Electric Motor
Market Overview: The global electric motors market was valued at approximately USD 148 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2025 to 2032 to reach USD 240 billion by 2032.
Diesel Generator
Market Overview: The global diesel generator market was valued at approximately USD 18.2 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032 to reach USD 28.4 billion by 2032.
Generator
Market Overview: The global generator market was valued at approximately USD 23.2 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2032 to reach USD 35.9 billion by 2032.
Brushless DC Motor
Market Overview: The global brushless DC motor market was valued at approximately USD 14 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2032 to reach USD 24 billion by 2032. The energy-saving capabilities and enhanced operational efficiency of brushless DC motors.
Electric Motor for EV
Market Overview: The global electric motor for electric vehicles market was valued at approximately USD XX billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of >15% from 2025 to 2032 to reach USD XX billion by 2032.
India Brushless DC Motor
Market Overview: The Indian brushless DC motor market is expected to reach approximately USD 1.1 billion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2032.
Switchgear Market
Market Overview: The global switchgear market was valued at approximately USD 100 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032 to reach USD 158 billion by 2032. The global switchgear market is growing quickly because more people need reliable and efficient power distribution systems.
Micro Grid Market
Market Overview: The global microgrid market was valued at approximately USD 40 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 16.7% from 2025 to 2032. The microgrid market is driven by increasing need for reliable, resilient, and decentralized energy systems. One of the primary drivers is the rising frequency of power outages and natural disasters,
