Industrial Sensors Market to Make Substantial Gains as globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
USD 16.70 billion by 2028, exhibiting a
CAGR of 7.9% during the forecast period. Increasing investments in renewables will create incredible opportunities for rental power providers, predicts Fortune Business Insights™ in its report, titled “Power Rental Market, 2021-2028”. The report states that in 2020, the global market value stood at USD 8.85 billion.
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The transition towards renewable energy sources is gathering pace across the world, as countries are aggressively weaning themselves off of fossil fuels, primarily coal, to meet their energy needs. As a result, investments in renewable technologies have steadily grown over the past few years. According to the International Renewable Energy Agency (IRENA), solar PV attracted 46% of the total renewable energy investments, while onshore wind pulled 29% of the global renewable investments between 2013 and 2018. Further, the IRENA’s latest report also states that the public investment in renewables st