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…

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 …