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Stock impact report

Solid State Transformer Market To Reach USD 235.6 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]

SPX Technologies, Inc. (SPXC) 
Last spx technologies, inc. earnings: 4/30 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, May 05, 2024 (GLOBE NEWSWIRE) -- Demand for renewable energy sources drives industry developments. The market growth in renewable energy sources is primarily driven by the escalating shift towards cleaner energy alternatives. The decreasing costs associated with wind and solar technologies incentivize greater adoption of renewable energy sources, particularly in developed regions like North America. Here, initiatives promoting the residential installation of micro solar or wind energy systems for self-consumption are gaining traction. Forecasts indicate that renewables are poised to surpass fossil fuel alternatives in cost-effectiveness. This transition is fueled by a heightened emphasis on clean energy technologies and significant economic restructuring, leading to a gradual reduction in fossil fuel consumption. Projections from the International Energy Agency (IEA) suggest that the share of fossil fuels in global energy demand will decrease from 80% to 7 Show less Read more
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