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Nuclear Power and Equipment Market worth $67.23 Billion by 2019

Nuclear Power and Equipment Market worth $67.23 Billion by 2019

The Nuclear power and equipment market is growing with increased nuclear development as result of the greater need for secured greener energy with growing demand. Rapid industrial as well as household developments are resulting in higher energy demand globally. For more info visit: http://bit.ly/2fMkjQy

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Market for Disconnect Switch worth 12.66 Billion USD by 2020

Market for Disconnect Switch worth 12.66 Billion USD by 2020

The global market for disconnect switch is expected to grow at a CAGR of 6.89% from 2015 to 2020. The increasing transmission and distribution network expenditure, growing infrastructural and industrial developmental activities, and rising safety concerns are some of the key drivers of this market. The demand for electricity is increasing in the developed nations in North America and Europe, as well as in fast-growing economies in Asia-Pacific. Thus, there has also been a consequent rise in the generation, transmission, and distribution of electricity to meet this increased demand. This in turn gives rise to the growth of the markets for the associated components, such as switchgear, circuit breaker, disconnector switch, and so on. The market for disconnect switch is expected to witness significant growth, especially in developing countries, where the transmission and distribution industry is in the growth stage. Disconnector switches are also used in transmission lines, substations, urban transportation, and heavy manufacturing.

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Fault Current Limiter Market worth 5.2 Billion USD by 2020

Fault Current Limiter Market worth 5.2 Billion USD by 2020

Global Fault Current Limiter Market is projected to grow at a CAGR of 9.2% during 2015-2020, to reach a value of USD 5.2 Billion by 2020. This growth is attributed to increasing interconnections of electric utility grid and rise in government initiatives to expand & upgrade the existing T&D system. Applications of fault current limiter are not limited to any single industry. There is scope for their usage in almost every industry related to technology, power, and transmission. All equipment and services related to electricity, power transmission, and electronics require circuit protection from overloads. Fault current limiter plays a crucial role in safeguarding the equipment and related machinery from circuit overload in almost every industry.

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Oil& Gas Production Market to Grow at a Faster Rate in the Downhole Tools Market during 2014-2019

Oil& Gas Production Market to Grow at a Faster Rate in the Downhole Tools Market during 2014-2019

Downhole tools play an important role in oil & gas exploration and production activities with applications in a variety of operations such as fishing, casing, cementing, well bottom communication, drilling, logging, fracturing, and well measurements. The market for downhole tools is estimated to be USD 3.53 Billion in 2014 and is projected to grow with a CAGR of 4.9% from 2014 to 2019. Market growth for downhole tools has been strongly impacted by the oil price decline. E&P capital expenditures in 2015 have witnessed more than 20% investment dip in comparison to 2014. This is further expected to decline in 2016 by another 5 to 10%. However, from the end of 2017 and after, oil price is anticipated to stabilize and start climbing to reach at least $80 a barrel by 2018 rejuvenating the overall market growth.

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