The vacuum valve market revenue has been estimated at USD 1,516.0 million in 2023, which is expected to witness a CAGR of 8.9% during the forecast period (2024–2030), reaching USD 2,731.2 million by 2030.
The cable blowing equipment market size stood at USD 110.4 million in 2023, and it is expected to grow at a compound annual growth rate of 4.6% during 2024–2030, to reach USD 150.3 million by 2030.
The electric powertrain market size stands at an estimated USD 95.9 billion in 2023, and it is expected to witness a compound annual growth rate of 13.1% during 2024–2030, to reach USD 226.3 billion by 2030.
The nickel cadmium battery market size stood at USD 1,541.6 million in 2023, and it is expected to witness a compound annual growth rate of 3.0% during 2024–2030, to reach USD 1,888.6 million by 2030.
The U.A.E. chiller market is estimated to have generated a revenue of USD 129.8 million in 2023, and it is expected to grow at a CAGR of 6.0% during the forecasted period, to reach USD 191.5 million by 2030.
The Middle East and Africa (MEA) chiller market is estimated to have generated a revenue of USD 1,227.6 million in 2023, and it is expected to grow at a CAGR of 6.5% during the forecasted period, to reach USD 1,872.5 million by 2030.
The printed electronics market is estimated to have generated revenue of USD 13.0 billion in 2023, advancing at a CAGR of 18.5% during the forecast period, to reach USD 42.4 billion by 2030.
The micro motor market estimated revenue is USD 43.9 billion in 2023, which is expected to reach USD 77.5 billion by 2030, growing at a CAGR of 8.6% during 2024–2030.
The global circuit monitoring market generated revenue of USD 702.5 million in 2023, which is projected to exhibit a CAGR of 4.5%, to reach USD 949.1 million by 2030.
The global cell-to-pack battery market revenue is estimated at USD 5,412.1 million in 2023, which is predicted to reach USD 27,871.9 million by 2030, growing at a CAGR of 26.8% during 2024–2030.
The electronic design automation market generated revenue of USD 14,109.5 million in 2022, which will reach USD 31,121.1 million by 2030, advancing at 10.4% CAGR between 2023 and 2030. This is due to the increasing complexity of electronic systems and the need for efficient design tools.
The global computer numerical control machines market generated revenue of USD 59.9 billion in the year 2022, and it is set to reach USD 133.4 billion by 2030, exhibiting a CAGR of 10.5% between 2023 and 2030.
The global optical sorter market stood at USD 2,542.1 million in 2022, and it is projected to reach USD 5,325.9 million by 2030, propelling at a CAGR of 9.7% during 2022–2030.
The specialty lighting market size stood at USD 5,590.2 million in 2022, and it is expected to advance at a compound annual growth rate of 5.8% during 2022–2030, to reach USD 8,746.1 million by 2030.
The global medium voltage protection relay market size stood at USD 1,337.0 million in 2022, and it is expected to advance at a compound annual growth rate of 7.5% during 2022–2033, to reach USD 2,971.4 million by 2033.
The district heating market size stood at USD 169 billion in 2022, and it is expected to witness a compound annual growth rate of 5.6% during 2022–2030, to reach USD 262 billion by 2030.
The utility locator market stood at USD 835 million in 2022, and it is expected to grow at a compound annual growth rate of 5.9% during 2022–2030, to reach USD 1,315 million by 2030.
The global piezoelectric devices market size stood at USD 30.9 billion in 2022, and it is expected to advance at a compound annual growth rate of 5.80% during 2022–2030, to reach USD 48.5 billion by 2030.
The residential air purifiers market size stood at USD 4,225 million in 2022, and it is expected to grow at a CAGR of 7.10% during 2022–2030, to reach USD 7,313 million by 2030.
The global dedicated outdoor air system market size stood at USD 3,849 million in 2022, which is expected to reach USD 7,447 million by 2030, advancing at a CAGR of 8.60% between 2022 and 2030.
The global lithium iron phosphate batteries market was valued at USD 12,870 million in 2022, which is projected to reach USD 35,195 million by 2030, advancing at a CAGR of 13.40% during 2022–2030.
The variable frequency drive market size stood at USD 23.56 billion in 2022, and it is projected to grow at a CAGR of 5.20% during 2022–2030, to reach USD 35.34 billion by 2030.
The global battery technology market size stood at USD 101.44 billion in 2022, which is expected to reach USD 176.92 billion by 2030, advancing at a CAGR of 7.2% between 2022 and 2030.
The district cooling market stood at USD 26,894 million in 2022, and it is expected to grow at a compound annual growth rate of 7.9% during 2022–2030, to reach USD 45,836 million by 2030.
The reed relay market size stood at USD 370 million in 2022, and it is expected to grow at a compound annual growth rate of 15.40% during 2022–2030, to reach USD 1,162 million by 2030.
The ring main unit market size stood at USD 2,220 million in 2022, and it is expected to advance at a compound annual growth rate of 6.5% during 2022–2030, to reach USD 3,674 million by 2030.
The global battery production machine market size stood at USD 7,227 million in 2022, and it is predicted to touch USD 36,409 million by 2030, advancing at a CAGR of 22.40% during 2022–2030.
The global gas insulated switchgear market size stood at USD 22,457.4 million in 2022, and it is expected to hit USD 36,400.7 million by 2030, advancing at a CAGR of 6.2% during 2022–2030.
The global 3D printing market was valued at USD 16,102 million in 2022, and the size is predicted to reach USD 77,228 million by 2030, advancing at a CAGR of 21.7% during 2022–2030.
The machine condition monitoring equipment market size stood at USD 2,773 million in 2022, and it will grow at a CAGR of 7.50% during 2022–2030, to reach USD 4,946 million by 2030.
The global autonomous mobile robots market was valued at USD 3,148 million in 2022, and the market size is predicted to reach USD 10,979 million by 2030, advancing at a CAGR of 16.90% during 2022–2030.
The global battery management system market was valued at USD 7,177.5 million in 2022, and it is expected to reach USD 26,797 million by 2030, growing at a CAGR of 17.90% between 2022 and 2030.
The U.S. HVAC services market size stood at $25,221.3 million in 2022, and it is expected to grow at a CAGR of 4.5% during 2022–2030, to reach $35,971.7 million by 2030.
The Qatar HVAC maintenance service market was valued at $243.5 million in 2022, and it is predicted to reach $389.6 million by 2030, advancing at a CAGR of 6.1% during 2022–2030.
The e-cigarette market size was $17,901.1 million in 2022, and it is expected to reach $38,631.1 million in 2030, with a growth rate of 10.1% during 2022–2030.
The global LED lighting market size was valued at $68,954.7 million in 2022, and it is expected to reach $152,842.0 million by 2030, advancing at a growth rate of 10.5% during 2022–2030.
The global power electronics market size was $38,522 million in 2021, and this number is expected to increase to $56,269 million by 2030, advancing at a CAGR of 4.3% during the forecast period.
The global smart light fixture and control market size in 2021 was $52,047 million, and it is expected to advance at a CAGR of 12.6% during 2021–2030, to reach $152,029 million by 2030.
The Indian HVAC market size was $7,820.5 million in 2021, and it is projected to reach $29,282.7 million by 2030, growing at a CAGR of 15.8% between 2021 and 2030.
The global cryocooler market size was valued at $2.51 billion in 2021, and it is expected to reach $4.45 billion by 2030, advancing at a growth rate of 6.6% during 2021–2030.
The Saudi Arabian HVAC TAB services market size was $45.0 million in 2021, and it is expected to reach $94.6 million in 2030, with a growth rate of 8.6% during 2021–2030.
The Saudi Arabian air duct market size stood at $36.4 million in 2021, and it is expected to advance at a compound annual growth rate of 8.4% during 2021–2030, to reach $74.8 million by 2030.
The Saudi Arabian residential AC market was valued at $521.6 million in 2021, and the market size is predicted to reach $917.8 million by 2030, advancing at a CAGR of 6.5% during 2021–2030.
The global smart lighting market size stood at $10,600.8 million in 2021, and it is expected to advance at a compound annual growth rate of 18.2% during 2021–2030, to reach $47,674.3 million by 2030.
The HVAC systems & services market size stood at $206.6 billion in 2021, and it is expected to grow at a CAGR of 5.0% during 2021–2030, to reach $319.9 billion by 2030.
The global consumer drones market size was $3,522.60 million in 2021, and it will grow at a CAGR of 14.2% during 2021–2030, to reach $11,662.60 million by 2030.
The global building automation system market size was estimated to be $77.1 billion in 2021, and it is expected to garner $207.5 billion by 2030, advancing with a CAGR of 11.6% during 2021–2030.
The global air compressor market size stood at $30,366.3 million in 2021, which is expected to reach $45,888.0 million by 2030, advancing at a CAGR of 4.7% during 2021–2030.
The global packaging automation market size was $61,848.5 million in 2021. This number is expected to increase to $125,220.4 million by 2030, advancing at a CAGR of 8.2% during 2021–2030.
The global mechanical and electromechanical locks market size stood at $17,952.0 million in 2021, which is projected to reach $30,816.2 million by 2030, advancing at a CAGR of 6.2% during 2021–2030.
The global lithium-ion battery metals market size was $14,098.7 million in 2021, and it will grow at a CAGR of 33.7% during 2021–2030, to reach $192,610.3 million by 2030.
The global GIS in telecom market accounted for revenue of $1,564.6 million in 2021, which is set to increase to $4,482.8 million by 2030, advancing at a CAGR of 12.4% during 2021–2030.
The global cryogenic pump market accounted for a revenue of $1,407.6 million in 2021, which is expected to reach $1,860.1 million by 2030, advancing at a CAGR of 3.1% during 2021–2030.
The Australian ventilation products market size stood at $569.4 million in 2021, which is projected to advance at a CAGR of 6.5% during 2021–2030.
The New Zealand ventilation products market size stood at $113.8 million in 2021, which is projected to advance at a CAGR of 5.4% during 2021–2030.
The global smart home appliances market size stood at $34.8 billion in 2021, and it is expected to advance at a 16.6% CAGR during 2021–2030.
Air purifier market size was estimated at $11,422.7 million in 2021, and it is expected to grow at 11.8% CAGR during 2021–2030.
The Southeast Asia HVAC market size stood at $18,745.5 million in 2021, and it will advance at a CAGR of 6.4% during 2021–2030, primarily due to the increasing infrastructure development and growing hospitality industry.
The Australia water-cooled heat pump variable refrigerant flow (VRF) systems market generated an estimated $22,137.0 thousand revenue in 2021, and the market size will advance at a CAGR of 8.6% during 2021–2030.
The Saudi Arabia HVAC market size was estimated at $2,390.4 million in 2021, and it is expected to grow at a CAGR of 8.1% during 2021–2030. The market is majorly driven by the increasing infrastructure spending, need to minimize food wastage, and growing hospitality industry.
The Indian discrete power semiconductor devices market size is estimated to have stood at $1,007.7 million in 2021, and it is expected to grow at a CAGR of 12.2% during 2021–2030.
The Australian water-cooled heat recovery variable refrigerant flow (VRF) systems market size stood at $14,881.0 thousand revenue in 2021, and the market sales will advance at a CAGR of 8.8% during 2021–2030.
The Saudi Arabian lighting market was valued at $1,350.0 million in 2020, and it is expected to grow at a CAGR of 10.2% during 2020–2030.
The global wireless charging market generated ~$4 billion revenue in 2020, and it is expected to grow at a significant rate during the forecast period (2021–2030).
The Japan heat stress monitor market was valued at $1.98 million in 2020, and is expected to showcase a CAGR of 7.05% during the forecast period (2021–2030).
The APAC compressor market was valued at $19.9 billion in 2019, and is projected to grow at a CAGR of 3.2% during the forecast period (2020–2030). The growing automotive and HVAC industries in the region are fueling the growth of the compressor industry.
The global smart meters market size was $13.1 billion in 2019, which is expected to witness a CAGR of 4.9% during the forecast period (2020–2030), to reach $20.0 billion in 2030.
The Indian compressor market size was $1,943.4 million in 2019, and it is projected to advance at a CAGR of 6.2% during the forecast period (2020–2030). The growing automotive sector in India is expected to drive the demand for compressors.
The global compressor market size was $39.9 billion in 2019, which is expected to witness a CAGR of 3.1% during the forecast period (2020–2030), to reach $48.5 billion in 2030.
The industrial refrigeration systems market revenue is expected to grow from $26.8 billion in 2019 to $41.1 billion in 2030, at a CAGR of 5.0% during 2020–2030.
The global personal robots market reached $21.5 billion in 2019, and it is expected to witness a CAGR of 7.8% during the forecast period (2020–2030), to reach $51.5 billion in 2030.
From $1,873.1 million in 2019, the U.A.E. heating, ventilation, and air conditioning (HVAC) market size is projected to advance to $2,774.7 million by 2030, at a CAGR of 5.2% during the forecast period (2020–2030).
The global chiller market size was $7,330.7 million in 2019, and it is expected to reach $10,880.3 million by 2030, progressing at a CAGR of 5.0% during the forecast period (2020–2030).
The global commercial refrigeration equipment market size, which was $24.6 billion in 2019, is expected to witness a CAGR of 3.0% during the forecast period (2020–2030), to reach $33.9 billion in 2030.
The global stepper motor market size was $2.5 billion in 2019, and it is projected to register a CAGR of 3.4% over the forecast period (2020–2030).
The global metering pump market size was $4.4 billion in 2019, and it is expected to register a CAGR of 3.9% over the forecast period (2020–2030). Strict government regulations for water treatment and rising demand for such devices from the oil & gas industry are some major growth factors propelling the metering pump industry.
The global heat stress monitor market size was $51.4 million in 2019, and it is projected to witness a CAGR of 2.7% during the forecast period (2020–2030).
The global mobile collaborative robots market size was $543.3 million in 2019, and it is projected to witness a CAGR of 26.3% during the forecast period (2020–2030).
The global modular robotics market was valued at $5.6 billion in 2019 and is projected to witness a CAGR of 9.9% during the forecast period (2020–2030).
An optical amplifier is a device used to amplify optical signal directly and generates an output signal with high optical power without conversion into electrical signal. The input and output signals are generally laser beams.
Structural health monitoring solutions are used for the detection of any kind of damage to architectural structures. These help civil engineers in monitoring structures, such as buildings, dams, bridges, turbines, and stadiums, affected by external factors and assessing their structural integrity to improve safety measures.
Rise in massive data generation, growing adoption of data analytics to enhance the decision-making capabilities, utilization of cloud-based services by enterprises to store their data using virtual servers and increasing demand for AI in high performance computing data centres are some of the key factors driving the global AI-powered storage systems market.
Fire testing is a method to determine minimum performance criteria of fire protection products and establish pass/fail criteria depending on the heat release rate, flame spread rate, temperature, fire resistance, the area covered, and so on.
From 17.6 million units in 2019, the total sales in the global commercial air conditioner (AC) market are expected to rise to 25.4 million units by 2030, at a CAGR of 3.5% during the forecast period (2020–2030).
Underwater robots are autonomous vehicles, which can be operated remotely and are designed to function underwater for continuous surveillance. The increasing adoption of underwater robots in the military and defense and industrial sectors, such as in offshore oil and gas exploration, for drilling, repair, and maintenance, to overcome the limitations of human subsea divers, is one of the key driving factors for underwater robotics market across the world.
The global horticulture lighting market valued $3.2 billion in 2019, and it is projected to reach $20.3 billion by 2030, witnessing a CAGR of 18.1% during the forecast period (2020–2030).
Valued at $89.5 million in 2019, the U.A.E. heating equipment market is expected to grow at a CAGR of 2.9% during 2020–2030 (forecast period) to ultimately reach $121.4 million by 2030.
The automotive electronics market revenue stood at $235.7 billion in 2019, and it is predicted to rise to $615.3 billion by 2030.
The global spintronics market was valued at $362.7 million in 2019, and it is projected to advance at a CAGR of 34.8% during the forecast period (2020–2030), reaching $12,845.6 million by 2030.
The adoption of Industry 4.0 is transforming the landscape of manufacturing companies, thereby spurring the demand for automation technologies, globally. This has been observed as the prime driving factor for the adoption of SCARAs (selective compliance articulated robot arm or selective compliance assembly robot arm).
The surging demand for the eye tracking technology in the healthcare domain, rising adoption in consumer electronics products, and increasing penetration in the automotive industry are the key factors driving the global eye tracking market.
The increasing pet ownership rate among the millennials in developing countries, surging consumer purchasing power, increasing demand for reducing depression and anxiety, and growing awareness toward pet health and care are some of the major factors driving the growth of the global pet monitoring camera market.
The global blockchain devices market valued $0.3 billion in 2019, and is expected to register a CAGR of 48.7% during the forecast period (2020–2030), reaching $23.5 billion by 2030.
The agricultural drones market revenue stood at $1.5 billion in 2018, and it is projected to progress at a CAGR of 25.0% during 2019–2024.
The ultraviolet (UV) curing system market revenue stood at $1.4 billion in 2018, and it is expected to witness a CAGR of 8.8% during 2019–2024.
Valued at $3.1 billion in 2018, the global geotechnical instrumentation and monitoring market is expected to advance with a CAGR of 11.8% during 2019–2024.
ASEAN air compressor market was valued at $902.9 million in 2018, and is expected to advance at a CAGR of 3.6% during 2019–2024. This can be attributed to various factors including surging automotive industry, increasing focus toward energy efficient air compressors, and growing construction industry in the region.
APAC air compressor market reached $11.8 billion in 2018 and is expected to register a CAGR of 4.1% during 2019-2024. Rising demand for energy efficient air compressors and growing demand from manufacturing industry are major drivers boosting the growth of the market. Moreover, with increasing focus toward the lower energy consumption, the demand for energy efficient compressors is growing.
The APAC networking equipment market valued at $22,875.2 million in 2018, and is expected to advance at a CAGR of 11.3% during the forecast period 2019–2024.
Increasing demand for digital measuring devices for getting accurate measurement results, and growing demand for handheld laser distance meter from construction industry, are the key factors driving the growth of handheld laser distance meter market across the globe.
India e-cigarette market was valued at $7.8 million in 2018 and is expected to register a CAGR of 26.4% during 2019-2024. Rising health awareness among the traditional cigarette smoking populace and growing cancer related cases in the country is driving the adoption of e-cigarettes in India.
South Africa e-cigarette market was valued at $20.7 million in 2018 and is expected to register a CAGR of 18.6% during 2019-2024. Rising health awareness among the traditional cigarette smoking populace and increasing sale of e-cigarette through online channels are driving the adoption of e-cigarettes in South Africa.
Asia-Pacific physical security market registered revenue of $26.3 billion in 2018, and is expected to register a CAGR of 14.3% during 2019-2024. Rising security concerns pertaining to rising crime rate and terrorist activities, propelling the growth of the market. Furthermore, strong growth in hospitality industry owing to increasing tourism and upcoming various sports events in the region is providing huge opportunities for the market players.
The global esports market is expected to record a rapid growth during the forecast period. Major factors impacting the growth of the market include increasing worldwide mobile internet penetration, rising smartphone penetration, inclination of youth toward online video games, growing online gaming industry, increasing investments by game publishers in the esports industry, and rising awareness toward esports.
Rise in beer consumption, rapidly growing micro-breweries, and continuous innovation of brewery equipment are some of the key factors driving the global brewery equipment market growth.
China vacuum pump market reached $1.2 billion in 2018, and is anticipated to register a CAGR of 8.7% during 2019-2024. Growing demand for vacuum pumps in the chemical & pharmaceutical industry are some of the major factors boosting the growth of the market. Furthermore, growing demand for flat panel displays and solar panels is supporting the demand for vacuum pumps in the semiconductor industry.
The global wired interface market is expected to register notable growth during the forecast period on account of the increasing use of smartphones and laptops, which require wired interface; rising concerns over data security, growing demand for data transferability, and existing dependency on wired networks in the commercial and government sectors.
The global display driver integrated circuit (DDIC) market is expected to witness substantial growth during the forecast period. Growing demand for electronic devices such as personal computers (PCs), televisions (TVs), smartphones, and others; increasing adoption of organic light-emitting diode (OLED) panels in display technology
Australia and New Zealand HVAC market was valued at $2.3 billion in 2018, and is poised to register a CAGR of 5.7% during 2019-2024. The growing demand for HVAC systems in residential applications and rising construction industry in the region are some of the major factors boosting the market growth.
The South Korean e-cigarette market revenue stood at $874.3 million in 2018, and the market is expected to grow at a CAGR of 24.3% from 2019 to 2024.
The U.K. e-cigarette market was valued at $2.0 billion in 2018, and is projected to exhibit a CAGR of 19.6%, during the forecast period. The market is buoyed by several factors primarily, product innovation and advancement in technology, need for smokeless and ash-less vaping, as well as growing health awareness among the populace.
The Japan e-cigarette market has reached $1.2 billion in 2018, exhibiting a CAGR of 22.6%, during the forecast period of 2019-2024. The factors driving the growth of the market include increasing product innovations by manufacturers, fostering demand for smokeless and ash-less vaping, and focus on mitigating health risks in Japan.
China compressor market has reached $12.7 billion in 2018 and is expected to register a CAGR of 3.5% during 2019-2024. China compressor market is projected to grow rapidly due to the growing automotive industry, along with growing construction sector.
Major trend identified in the global alternate current (AC) drives market is the transforming manufacturing industry with high adoption of industrial internet of things (IoT). With the adoption of this technology, manufacturers can increase productivity and efficiencies of their operations to stay competitive on a global scale.
Major trend identified in the global industrial dryers market, which will gain traction during the forecast period, is superheated steam drying. Superheated steam refers to the steam at temperatures higher than its boiling point at the absolute pressure where the temperature is measured.
Saudi Arabia chiller market is estimated to value $252.0 million in 2018, and is expected to advance at a CAGR of 2.7% during the forecast period of 2019–2024.
The Asia-Pacific (APAC) outdoor lighting market is estimated to value $5.6 billion in 2018 and is forecasted to witness a CAGR of 11.1% during 2019–2024.
The Asia-Pacific (APAC) LED lighting market is estimated to value $27.5 billion in 2018, and is expected to advance at a CAGR of 13.0%, during the forecast period.
The Asia-Pacific (APAC) HVAC market is estimated to value $54.6 billion in 2018 and is expected to record CAGR of 4.3%, during the forecast period. Rise in average temperature mainly in countries such as India, China, Japan, South Korea, and Indonesia and increasing infrastructure spend are the major factors contributing to the market growth.
The Asia-Pacific (APAC) chiller market is estimated to value at $3.6 billion in 2018, and is predicted to register a CAGR of 5.4% during 2019-2024. Growing popularity of absorption chiller in response to higher adoption of solar energy was one of the major trends being exhibited in the market.
The Asia-Pacific (APAC) emergency lighting market, estimated at $1.2 billion in 2018, is expected to advance at a CAGR of 10.1% during the forecast period 2019–2024. Increasing expenditure on infrastructure, including indoor and outdoor lighting, and implementation of stringent safety norms in commercial buildings are the major factors contributing to the growth of the emergency lighting industry in the APAC region.
Middle East and Africa compressor market was valued at $3.0 billion in 2017 and is anticipated to record a compound annual growth rate (CAGR) of 5.1%, during the forecast period. Automotive industry is expected to provide ample of opportunities in the forecast period, especially in Africa region, as automobile manufacturers are setting-up production hub in the region.
The global production printer market was valued at $4.9 billion in 2017 and is expected to record CAGR of 5.1% during the forecast period, buoyed by growing demand for high-speed printing for various application areas such as commercial, publishing and label & packaging. Production printers provide high volume printing within a short period of time.
Middle East and Africa commercial refrigeration equipment market generated revenue of $3.1 billion in 2017. The market is projected to advance at a CAGR of 7.6% in terms of value, during the forecast period. Development of organized retail in restaurant chains, supermarkets, and hypermarkets, growing demand for ready-to-eat food, beverages, as well as rising imports of frozen meat products in the region are some of the key factors driving the market growth.
The Middle East and Africa (MEA) HVAC market is estimated to generate revenue of $7.8 billion in 2018 and is predicted to witness a CAGR of 4.9% during 2019-2024. Adoption of energy efficient systems in response to strict government regulations was the major trend exhibited in the market.
The APAC commercial refrigeration equipment market was valued at $14.3 billion in 2017 and is forecasted to witness a CAGR of 9.3% during 2018–2023. Increasing urbanization and growing food and beverage industry in the region, are the key factors driving market growth.
Rising focus toward energy efficiency, and favorable government initiatives, such as rebates, subsidies and financial support to encourage adoption of renewable energy sources are some of the key factors driving the market. Apart from this, rising oil and electricity prices are resulting in shift of consumer focus toward low cost energy alternatives, further aiding growth of geothermal heat pump market, globally.
Increasing focus on automation in industries, growing demand for industrial robots from small and medium enterprises (SMEs), and enhanced operational efficiency offered by industrial robots are the key factors driving the market growth, globally. Moreover, high labor costs, lack of skilled human workforce, and increase in investments in R&D activities by government are some of the other factors contributing to growth of the market.
The telepresence equipment market is driven by the need for enterprises to reduce travelling cost for employees as well as cost effective solutions for global interactions, along with the increasing influence of cloud services. Technological advancements, low operating expenditure, and cost savings are some of the other factors pushing the market growth.
The global smart water metering market is registering a positive growth year-over-year; buoyed by factors such as growing awareness toward water theft prevention, countering inaccuracy in water billing, and managing issues related to water scarcity.
Rising purchasing power of middle-class population, primarily in the APAC region and growing demand for environment friendly refrigerants are observed to be the key growth drivers of global air conditioning systems market. Growing middle class population in developing countries such as China, India, and Brazil have been a key factor for rising adoption of air conditioning systems in these countries.
The MEA industrial refrigeration systems market was valued at $1,679.9 million in 2017 and is forecasted to witness a CAGR of 6.1%, during 2018–2023. Growing food and beverage processing industry in the region as well as increasing adoption of refrigeration systems in chemicals and pharmaceutical industry are some of the key factors supporting the market growth.
The APAC industrial refrigeration systems market was valued at $ 7,058.6 million in 2017 and is forecasted to witness a CAGR of 7.1% during 2018–2023. Rising food and beverage processing industry in developing countries, and also growing application of refrigeration in chemical and pharmaceutical industries recording positive growth.
The Latin American commercial refrigeration equipment market generated revenue of $1,766.0 million in 2017. The market is projected to advance at a CAGR of 4.5%, during the forecast period. Increasing demand for refrigeration from grocery stores, growing food and beverage industry, rising number of restaurant chains, and increasing imports of frozen meat products in the region are the key factors driving the market in the region.
The global hospital lighting system market was valued at $5,328.1 million in 2017 and is forecasted to witness a CAGR of 6.4% during 2018–2023. Rising number of hospitals and increasing inclination toward energy efficient lighting system are the key factors driving the market demand.
The APAC electric motor market was valued at $50,948.1 million in 2017 and is forecasted to post CAGR of 6.9%, during 2018-2023. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.
The frequency synthesizer market was valued at $837.8 million in 2017 and is forecasted to witness a CAGR of 6.8% during 2018–2023. Frequency synthesizers are the electronic devices or chips that generate desired frequencies with the combination of other certain frequencies. Frequency synthesizers work by multiplying or dividing a base frequency and achieve a desired output frequency.
The global VRF systems market was valued at $11,400.7 million in 2017 and is forecasted to witness a CAGR of 13.4% during 2018–2023. Rising demand for energy-efficient heating, ventilation, and air conditioning (HVAC) solutions and growing construction industry, along with government initiatives to ease FDI norms in the real estate sector, are the key factors driving the growth of the VRF systems industry.
Global pyrometer market is estimated to be valued at $542.8 million in 2017 and is forecasted to witness a CAGR of 6.8% during 2018–2023. Automation expansion in the industrial sector and increasing need for device upgradation in the quality-check processes are the key factors driving the growth of the market.
The counter unmanned aerial vehicle (UAV) market is growing robustly due to the increasing misuse of drones across the globe. It deals with new emerging fears of UAVs like, terrorism, drug trafficking and corporate surveillance. On the basis of technology used to detect and disrupt UAV, the counter UAV market is classified as electronic, laser and kinetic.
Industrial refrigeration systems market is gaining traction in Saudi Arabia as they are extensively used to maintain quality and taste of the food products till it reaches the end-users. The market size in the study represents the revenue generated through various equipment such as industrial racks, industrial compressors, industrial heat exchangers, and industrial evaporators.
The hot water recirculation pump market has gained huge interest from commercial, industrial and residential sectors in recent years, leading to the growth in investments for the research & development of the latest recirculation systems. Hot water recirculation pumps are thoroughly helping wide range of sectors in trimming energy costs, and saving time and water.
The global integrated passive device (IPD) market registered substantial growth during the historical period and is expected to witness a CAGR of 8.4% during the forecast period (2017–2023).
The global closed loop stepper motor market is projected to advance at a CAGR of 6.3% during the forecast period (2017–2023). Increasing demand for closed loop stepper motors from the packaging & labelling industry, rapid growth in automation, and growing need for improving energy efficiency in industrial applications are the key factors driving the market growth.
The global hydraulic press machine market witnessed modest growth during 2013–2016 and is poised to register 4.8% CAGR in the forecast period (2017–2023).
An Automated Passenger Counter (APC) is an electronic device that records the number of passengers boarding and alighting in transit vehicles for every single trip operated. Passenger information system on the other refers to an electronic information system which provides passenger information in real-time. Its function revolves around predictions about arrival and departure times and provision of information about the nature and causes of disruptions.
The global audio codec market is expected to witness significant growth during the forecast period due to increasing demand of mobile and tablets. The increasing penetration of data traffic and internet and growing adoption of mobile phones, tablets at low cost are driving the growth of global audio codec market. The other factors contributing to the increased demand of audio code is escalating the usage of wearable devices in everyday life due to the
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 industrial 3D printing market are increased spending by several manufacturers on research and development activities, growing demand from end user industries, and enhanced regulatory support provided by different governments.
The global compressor control system market is expected to witness significant growth due to technological advancement and innovation in control system. The growth can be indicated towards the technological advancement and increasing demand in the manufacturing sector, where compressors are used in several applications. Technological advancements have led to the development of advanced compressors and compressor control systems for customized
The global pico projector market is growing with a significant rate, due to increasing application areas along with decreasing average selling price, introduction of high definition pico projector and integration of pico projector in portable consumer electronics. The development of head-up display is also supporting the growth of the global market. Also, the addition of pico
The global domestic refrigeration appliances market has gone through significant product innovation in the past few years. The growth in environmentally-conscious consumer, in addition to technical up-gradation and innovations for more energy-efficient refrigeration appliances are driving the growth of the global domestic refrigeration appliances market. Majority of domestic
The global laser processing market is growing, due to developing trends in the industrial sector, technological advancements in laser processing, and growing demand of enhanced processing tools. Additionally, the increasing application of laser processing in medical field, such as photobiomodulation is also supporting the growth of the global market. Some of the factors providing
The global membrane air dryers market is growing, due to increasing need for dry and clean air in manufacturing, food and beverage, and medical industries; and increasing several application areas of membrane air dryers. Additionally, the increased adoption by consumers, due to increasing need for improving operational efficiency of a system, in order to decrease the
The increasing adoption of virtual learning courses and e-learning are boosting the growth of the global interactive whiteboard (IWB) market. The demand for interactive whiteboards is increasing as various universities and schools are focusing upon imparting better learning experience to the students. Another important driver influencing the growth of the global IWB market is
The global arbitrary waveform generator market is growing, due to increasing requirements from communication sectors and increasing application of technology in manufacturing and military sectors. Additionally, it has been observed that enterprises are switching from traditional function generators to advanced performance producing arbitrary waveform generators. The advantage
The global warm air heaters market is growing, due to increased use of warm heaters in non-residential and residential buildings. The increasing need for effective heating equipment is supporting the development of mechanical systems with cost effectiveness. The international Organization for Standardization, an environmental standard that establish principles for building
The increasing pixel size of smartphone cameras, along with higher penetration of smartphones among the middle and lower middle class consumers has led to free fall of fixed lens low end digital still camera market. However, the demand for high end interchangeable lens digital still camera is not much affected by the escalating growth of smartphones. With the improvement in
The increasing miniaturization of electronics product, along with advancement in power electronics has fueled the growth of the flexible battery market. Beside this, several other factors, such as environment friendly disposability of these batteries and increasing research and development (R&D) activity in paper battery are the major growth drivers for the market. However,
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 are the predominant drivers for the high intensity discharge bulbs market. The HID bulbs don’t have filaments; instead there is a glass
The staggering growth in the wireless communication market, in addition to the growing base of connected mobile subscriber is driving the growth of the mobile communication antenna market. The astonishing growth in the number of subscribers per channel of the wireless communication spectrum requires improved antenna system. The limited bandwidth of the spectrum can
The roll to roll technology for flexible devices market is growing, due to booming consumer electronics market, and ability of the technology to tolerate high defect density. Some of the factors restraining the growth of the roll to roll technology for flexible devices market are threat from substitute technologies and lack of expected progress in the technology.
The global small unmanned aerial systems market is growing, due to increasing use of unmanned aerial systems for law enforcement, need for advanced patrolling systems for marine borders, and requirement of high efficiency and technological advancements. Moreover, the enhanced capabilities of unmanned aerial systems to fight terrorism and their increasing demand
The staggering growth of cloud computing has elevated the demand of the electronic test equipment market in the recent years. The electronics equipment used in information and communication technology are connected with cloud based servers, which makes the networks more complicated in design; and hence testing plays a vital role in efficient operation of the networks. The
The global oil free compressor market is driven by higher reliability, and lower installation and maintenance cost. The government regulations towards energy efficiency and environment protection are also expected to increase the market penetration of oil free compressors during the forecast period. The demand of superior air quality particularly in healthcare,
Digital security and control have become more intelligent in the recent years. Owing to the increasing external and internal cyber security threats to industrial control networks, the global digital security and control market is expected to grow during the forecast period. The demand for remote control and process automation has increased significantly during the last few years, owing to the
The increasing demand for power control solution, along with the advancement and replacement of aging power infrastructure in the developed countries is driving the growth of the global flexible AC transmission systems market. The demand for efficient power transmission capacity, improved grid control, in addition with growing need for the minimization of power transmission
The global motion controller market witnessed growth in 2014, after a slight decline in 2012 and 2013, in terms of value. In 2015, the global market is expected to grow further, owing to the growth of manufacturing industries, post economic slowdown in the western countries. Asia-Pacific is expected to be the major growth driver for the global motion controller market during the
Structural electronics is referred as the structural components with electronics and electrical functionality. The types of functional architecture can be energy storage devices, energy harvesters, antenna, switches, and several others. The advantages of structural electronics such as design freedom, reliable operation, cost-effectiveness,
The modern PC storage is rapidly transforming from traditional HDD technology to Solid State Drives (SSDs). The evolution in ‘Bit growth’ has facilitated the 3-bit MLC NAND technology in the PC storage industry. The solid state drives are gaining considerable attention due to their performance benefits, such as higher random access speeds,
The application of magnetic refrigeration in the present market scenario is limited to some form of cryogenic refrigerator used in biological research centers, owing to its ultra-low operating temperature. However, the magnetic refrigeration system is expected to become fully commercialized in 2017. The lower cost, light weight, and higher
The growing demand for flexible access to rich multimedia and entertainment experiences on consumer’s own time, schedule, and device, has increased the market penetration of the multiscreen TV and video market, in the past few years. The advanced and improved functionalities, such as, popular programming, play and pause functionality, highly interactive, and personalized
High price of 3D scanners is one of the significant challenges hindering the growth of this market. However; this challenge is most likely to diminish in near future as manufacturers are focusing more on achieving economies of scale and introducing low cost devices in the market.
The electronic toll market is growing due to the rising demand for safe, secure and improved infrastructure. The electronic toll system provides fast, effective and cost-effective facilities. They include easy operating buttons and user-friendly design. Electronic toll collection systems have a positive impact on the environment as they reduce the amount of exhaust released from
Evolving circuit miniaturization technologies and improvement in the higher volume manufacturing have boosted the nanoelectronics material and equipment market. The increased use of nanoelectronics devices in carbon nanotube backlights, field emission display, and transmission film are expected to increase the market penetration of the nanoelectronics material and
The rapid technological advancement and the increase in user interference capacity of electronic products, has been encouraging consumers to purchase the latest electronic gadgets. This has upraised a huge number of discarded electronic products, or electronic waste (e-waste) globally in the recent years. About two million tons of electronic waste is disposed every year in the U.S.
The fuse market is growing at a considerable rate due to tough competition among existing players, increased expenditure on renewable energy sources, increasing demand of power transmission equipment, and growing industrialization and urbanization globally. Rising demand of power is creating ample opportunities for the fuse market to grow in the coming years.
The electricity meters (smart meters) market is growing at a significant rate due to rapid industrialization, increasing penetration and growing need for energy efficiency. Favorable regulatory conditions and increasing smart grid initiatives are supporting the smart meters market growth in the coming years. The stringency in regulation towards usage of smart meters began with North
The electric motor and generator market has witnessed considerable technological advancement in the recent years due to which the demand for high efficient electric motor and generator system is gaining pace. The power efficient electric motors offer various benefits, such as longer operating life, low maintenance, and lower energy consumption over traditional electric motors.
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 developing countries of Asia Pacific and South America had driven the embedded system market in the recent years. The rising demand for
The medium and high power motors market has witnessed steady growth due to increasing industrialization and strict government regulations for industrial electricity consumption. The rising cost of energy and the government rebates on premium efficiency motors are providing new growth opportunities to the medium and high power motors market. The growth of the market
The rising demand for power quality, increasing adoption of variable frequency by the end users, growing demand from IT and data centers, government regulations, and awareness regarding the potential damage from harmonic are some of the dominant factors driving the global harmonic filter market. Whereas, the forces restraining the growth of harmonic filter market include high
Automatic circuit breaker market is expected to witness considerable growth in the coming years due to increasing safety concerns across several sectors such as electronic, telecommunication, electrical and automotive. With the installation of smart grid infrastructure, the need of automatic circuit breaker increases. Automatic circuit breakers can also be deployed as super grid
Tunable diode laser analyzer (TDLA) is a device that gauges the amount of carbon dioxide, methane and other chemicals present in a gaseous mixture. Owing to their benefits, the tunable diode laser analyzers have become the integral part of process industries. Tunable diode laser analyzer can measure concentration of gases at very low detection limits. The low maintenance
Wireless portable medical devices are the medical devices that are not restricted to hospitals and can be used in schools, offices, homes and aircrafts to ensure earlier diagnosis and better healthcare monitoring. Rising urbanization and increasing demand of the devices from healthcare industry are the key factors for the growth of wireless portable medical devices. Wireless portable
Security printing involves printing of items that requires authentication such as banknotes, postage stamps, product authentication, identity cards, stock certificates and passports. Security printing includes holograms, intaglio printing, special paper, watermarks, micro-printing, security threads, anti-copying marks, magnetic inks and serial numbers.
Failure analysis is the technique of analyzing the cause of component failure in equipments. It is used by original equipment manufacturers (OEM) during the manufacturing process and also used during the service and maintenance of devices. The failure analysis can be performed by both, physical as well as chemical methodology. It is an engineering technique for “why and
Automatic Test Equipment (ATE) is one of the most widely used circuit and device test in modern electronics. It is used in the fault detection of printed circuit board in electronics and electrical equipment and are relatively swift and faster compared to manual test methodology. It performs test on a device, known as the Device under Test (DUT) or Unit under Test (UUT), using automation
A robot is an electro-mechanical machine guided by a computer program or electronic circuitry. Robots have thoughts of their own and they may convey a sense of intelligence by automating movements or by mimicking a lifelike appearance. Robotics is the branch of technology that deals with the construction, design, operation, and application of robots, as well as computer
A photometer is an electronics instrument used in the measurement of light intensity or for analysis of optical properties of various liquid and solid materials. Photometers are used in measurement of light irradiance, scattering of light, light absorption, reflection of light, phosphorescence, fluorescence, and light luminescence. Calorimeter is a device used for calorimetry, the science of