Geothermal Energy Market Size Worth USD 95.82 Billion, Globally, by 2029

The global geothermal energy market size was valued at USD 59.4 billion in 2021 and reached a valuation of USD 62.65 billion in 2022. The market is expected to reach USD 95.82 billion by 2029 with a CAGR of 6.3% during the forecast period. Various uses of this energy, such as heating, cooling, and electricity, are expected to propel the market growth. Technological advancements in this type of energy have led to capturing of the energy in higher volumes. The increasing need for clean energy resources globally is propelling the growth of the market. Fortune Business Insights™ shares this information in its report titled “Geothermal Energy Market, 2022-2029.”

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Biomethane Market Size to Rise Worth USD 8.41 Billion by 2029 at CAGR of 4.8%

The global biomethane market size was valued at USD 5.76 billion in 2021. The market is expected to grow from USD 6.04 billion in 2022 and reach USD 8.41 billion by 2029 with a CAGR of 4.8% during the forecast period. Increasing demand for emission-free natural gas and generation of various raw materials, such as industrial waste, food waste, agricultural waste, and others, is anticipated to drive market growth. Rise in demand for gas from the automotive industry for power generation and transportation fuel is expected to propel the market course. The transformation of waste into renewable energy and increasing environmental concerns is projected to assist in the market development. Fortune Business Insights™ shares this information in its report titled “Biomethane Market, 2022-2029.”

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Circuit Breaker Market Size to Hit USD 24.59 Billion by 2028 | Exhibit a CAGR of 6.9%

According to Fortune Business Insights, the Circuit Breaker market size is projected to reach USD 24.59 billion by 2028, at a CAGR of 6.9%. The global Circuit Breaker market size was USD 13.99 billion in 2020. According to our analysts, increasing awareness regarding safety awareness and measures, rising construction activities, and dependence upon electricity are expected to foster market development.

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Oil Country Tubular Goods Market Size Worth USD 31.54 Billion, Globally, by 2026 at 7.4% CAGR

The global oil country tubular goods market size is projected to reach USD 31.54 billion by 2026, exhibiting a CAGR of 7.4% during the forecast period. Steady rise in oil and gas exploration and production activities in North America is anticipated to be a major growth driver for this market in the upcoming decade. According to a report by World Oil, in 2018, the US witnessed 12% increase in its drilling activities from 2017 levels, while the world drilling activities rose by just 4.6% in the same year. The primary factor attributable to this remarkable rise is the discovery of shale gas in the US and Canada. The US and Canadian governments are formulating favorable policies which will put the region at the forefront in the global hydrocarbon scenario.

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