Day: April 23, 2025
Global transformers market to reach $89.34 billion in 2030, led by Asia-Pacific, forecasts GlobalData
The global transformers market is on a strong growth trajectory, projected to reach $89.34 billion in 2030, driven by rising electricity demand, renewable integration, and grid modernization. The Asia-Pacific (APAC) region is set to lead the charge with robust investments, while the Europe, Middle East, and Africa (EMEA) region is poised to grow fastest, fueled…
Read MoreDifficult and costly energy transition unless the EU invests in biomass
Both forestry and agriculture can produce biomass for the energy system. In a cost-optimal European energy system with negative emissions of carbon dioxide, biomass is mainly used to complement the supply of fuels and chemicals for industry, aviation and shipping. A small share of biomass is also used as a flexible reserve for electricity production…
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