Energy and Power Insights

A  steam turbine  is a mechanical heat engine that converts thermal energy from high-pressure, superheated steam into rotational mechanical power. Steam generated in a boiler expands through fixed nozzles and flows across rotating blades mounted on a central rotor. As the steam transfers its kinetic energy to the blades, the rotor spins, enabling the turbine to drive electric generators or industrial machinery. This energy conversion occurs in multiple expansion stages, allowing steam pressure and temperature to gradually decrease while maximizing overall efficiency. Steam Turbine Market Share & Future Opportunities The  global steam turbine market  remains a foundational component of the energy and power sector, supported by rising electricity consumption, expanding infrastructure, and continuous upgrades of thermal power facilities. In  2024 , the market was valued at  US$ 17.79 billion  and is projected to grow to  US$ 21.64 billion by 2031...

Battery Energy Storage Systems support grid stability, renewable energy integration, and energy reliability. In the United States, BESS growth is driven by large-scale solar and wind deployment, grid resilience needs, and favorable policies, with applications such as peak shaving, frequency regulation, and backup power. Battery Energy Storage System Market Size, Share and Analysis The battery energy storage system market is on the cusp of a transformative phase, projected to grow from US$ 15.45 billion in 2023 to US$ 98.23 billion by 2031, with a CAGR of 26.0% during this period. This remarkable growth is driven by the increasing integration of renewable energy sources into power grids, the rising demand for energy storage solutions, and supportive government policies aimed at promoting sustainability. Battery Energy Storage System Market Analysis The rapid expansion of the renewable energy sector is a primary factor propelling the growth of the BESS market in both the U...

 Compressed Air Energy Storage is a technology that stores surplus electrical energy by compressing air and storing it in underground caverns or high-pressure tanks. When energy demand increases, the compressed air is released, heated, and expanded through turbines to generate electricity. Compressed Air Energy Storage Market Analysis The Compressed Air Energy Storage Market is evolving rapidly as global energy systems seek reliable and sustainable solutions to support the growing share of renewable power generation. Based on analysis referenced from The Insight Partners, the market is witnessing increased adoption driven by technological innovation, favorable policy support, and rising demand for long duration energy storage. Market size and forecasts are presented in USD across all key segments, providing a clear view of growth potential at global, regional, and country levels through the 2025 to 2031 forecast period. Compressed Air Energy Storage Market Segmentation ...

Introduction to Transcritical CO₂ Refrigeration Systems   Transcritical CO₂ refrigeration systems   use carbon dioxide as a natural refrigerant that operates above its critical pressure and temperature point for cooling and heating applications. These systems are known for their high energy efficiency, low environmental impact, and near-zero global warming potential. The global transcritical CO₂ market is projected to grow from US$ 54.15 billion in 2024 to US$ 156.99 billion by 2031 at a compound annual growth rate (CAGR) of 16.8% between 2025 and 2031 . The adoption of transcritical CO₂ refrigeration systems is increasing across cold storage facilities, supermarkets, data centers, food processing plants, and pharmaceutical industries due to regulatory pressures and sustainability goals from 2026 and beyond.   Overview of Transcritical CO₂ Refrigeration Transcritical CO₂ refrigeration refers to refrigeration processes that occur above the critical point of...

Aeroderivative gas turbines are lightweight, high efficiency engines derived from aircraft jet technology and engineered for industrial and power generation use. They are designed for rapid start up, flexible operation, and reliable performance, making them well suited for peak power, backup generation, and mechanical drive applications across power, oil and gas, marine, and industrial sectors. Aeroderivative Gas Turbine Market Size, Share and Analysis The global Aeroderivative Gas Turbine Market is entering a pivotal phase of growth as the world transitions toward more flexible and efficient energy solutions . According to recent industry analysis, the market is expected to register a Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2031.  These turbines, which are adapted from aircraft jet engine technology, offer a high power to weight ratio and the ability to reach full load in minutes, making them indispensable for modern grid stability and...