The major reasons behind the prosperity of the motion sensor market are the increasing demand for consumer electronics and the expansion in the worldwide automotive industry. From $4,430.7 million in 2019, the market revenue is expected to…
Compared to $694.917 in 1970, the average person earned $8,826.15 in 2017, according to the World Bank. This clearly shows that people now have more to spend on products that they wouldn’t dare think of buying until 10¬–15 years ago. Such …
The need for a reduction in energy consumption by the major industries is expected to increase significantly in Asia-Pacific (APAC) in the coming years. Electric motors can account for almost 70% of the total energy consumption in industri…
COVID-19: Potential Impact on High Power LED Market Estimated to Record Highest CAGR in Coming Years
The high power led market is projected to generate $17,581.5 million in 2024, witnessing a 5.3% CAGR during the forecast period (2019–2024). The key factors driving the market are the growing government support for the adoption of LED ligh…
One of the key drivers of the power electronics market is the increasing demand for a higher power density. In the power electronics industry, power density is a major factor, especially in high-power applications. For instance, to increas…
The demand for personalized solutions is growing across the globe. With the rapidly rising disposable income, people are spending increasingly on products that complement their individual personalities. The major brands are under pressure …
Other than the introduction of new flavors, a number of e-cigarette companies are making use of online channels and are offering promotions and discounts on the purchase of e-cigarettes. For example, in April 2019, Philip Morris Internatio…
In 2017, the global commercial refrigeration equipment market generated $41,396.7 million and is expected to register 6.2% CAGR during the forecast period (2018–2023). The market is growing due to the rising demand for ready-to-eat product…
One of the biggest factors fuelling the growth in the demand for horticulture lighting across the world is the rising need for food items, on account of the surging population level. According to the United Nations, the global population l…
Air compressors are utilized to increase the pressure of air by reducing its volume. In the automotive and construction industries, air compressors are used for tire inflation, engine construction, car painting, and air conditioning system…
The South African e-cigarette market can take advantage of the shifting consumer preference toward alternatives from conventional cigarettes. This can be attributed to the rising number of people suffering from serious illnesses caused by …
The chiller market is witnessing swift growth due to the heavy requirement for cooling equipment in industrial settings, increasing global temperature, and surging construction activities. From valuing $7.1 billion in 2018, the market is e…
High sales of smartphones and wearable devices, rising government spending on military equipment, and increasing use of wireless technology are driving the frequency synthesizer market growth across the globe. Having generated revenue of $…
The APAC compressor market to reach $23.3 billion by 2023. The industry has been witnessing considerable growth, buoyed by growing automotive industry, predominantly passenger vehicle category, along with overall growth in demand for elect…
The expanding food and beverages industry are the key driver of the Asia-Pacific commercial refrigeration equipment market growth. According to a P&S Intelligence study, the sale of such equipment generated a revenue of $14.3 billion in 20…
The global 3D printing market generated a revenue of $8,583.6 million in 2017 and is expected to witness a CAGR of 24.6% during the forecast period 2018–2023. The major drivers of the market are reduction in manufacturing cost, increase in…
After a slight slowdown in 2013–2017, brought on by the economic decline in the region, the Middle East and Africa (MEA) compressor market is expected to recover and grow at a CAGR of 5.1% during the forecast period (2018–2023). If everyth…
The global optical metrology market is being driven by the increasing requirement for precise measurements and product assessments in the semiconductor, oil and gas, and manufacturing sectors. Generating revenue of $1,989.2 million in 2017…
The global RF (radio frequency) transceiver market is predicted to attain a size of $18.5 billion by 2024, advancing at an 11.6% CAGR during the forecast period. The increasing use of mobile devices and rapid deployment of internet of thin…
The Middle East and Africa commercial refrigeration equipment market is expected to reach $4.8 billion by 2023. The growth in the market can be attributed to the development of organized retail in terms of restaurant chain, hypermarkets an…
The global nanophotonics market is growing, due to increasing application of the technology in optical communication, organic light emitting diodes (OLED) and light emitting diodes (LED). The reduction in manufacturing cost with the use of…
Major trend identified in the global cryogenic pump market is the rising deployment of these pumps in metallurgy, electronics, and chemicals industries. Besides this, the factor trending in the market is rising investment across power gene…
The global integrated passive device market is expected to register high growth during the forecast period, with the market projected to reach from $901.5 million in 2016 to $1,572.3 million by 2023, witnessing a CAGR of 8.4% during 2017-2…
The growing demand for probiotics among the rising number of health aware consumers is anticipated to drive the growth of the global probiotics market during the forecast period. A huge number of health benefits related to probiotic goods,…
Embedded systems refer to, application-specific combination of electronic hardware and software for meeting the specific demand(s) of the system in which they are embedded. Surge in the demand for smart electricity meters in mainly the dev…
The global industrial 3D printing market is witnessing significant growth due to increasing demand for accuracy and speed in printing, and introduction of new materials for 3D printing. Some of the other factors driving the global industri…
APAC LED lighting market is expected to register a CAGR of 13.0%, during the forecast period, the growth in the market can be attributed to the growing number of smart cities, high energy efficiency, and rising government initiatives, On t…
Internet of Things (IoT) is internetworking of physical and virtual objects, which enables physical and virtual devices to relate to each other through cloud technology, to exchange data and information. North America contributed the large…
The high intensity discharge (HID) bulbs, also known as Xenon bulbs or gas discharge bulbs are used widely in the automotive headlamps. The benefit associated with high intensity discharge bulbs, such as high luminaire value and long life …
Saudi Arabia chiller market is expected to reach $291.0 million by 2024, registering a CAGR of 2.7%, during the forecast period. This growth can be attributed to rising investments in the tourism-related projects, commercial infrastructure…
