The global power factor correction (PFC) market is set to expand steadily, fueled by rising energy efficiency requirements, regulatory pressures, and the rapid adoption of industrial automation. Valued at USD 2.12 billion in 2023, the market is projected to grow from USD 2.23 billion in 2024 to USD 3.38 billion by 2032, at a CAGR of 5.3% during the...

The district heating market has witnessed significant growth in recent years, reaching approximately USD 200.76 billion in 2024. The sector is projected to grow at a Compound Annual Growth Rate (CAGR) of about 3.9% from 2025 to 2034, ultimately reaching an estimated value of USD 283.27 billion by the end of the forecast period. This growth is primarily driven by increased government initiatives...