The global Power Over Ethernet (POE) solution market is significantly growing at a CAGR of more than 10.0% during the forecast period. The power over Ethernet solution market is anticipated to rise as technology enables the centralization of power in one location and offers high-speed connectivity to support the increasing number of wireless devices in […]
Category Archives: Business
The global circuit breaker and fuses market is estimated to grow at a CAGR of nearly 6.0% during the forecast period. The major factors contributing to the growth of the market include the rising demand for renewable energy sources and the growing construction industry. As per the International Renewable Energy Agency (IRENA), the global solar […]
The global market for microdisplay is projected to have considerable CAGR of around 30.5% during the forecast period. The major factors that propels the microdisplay market include the properties such as compact size, technological development in microdisplay growing demand of OLED microdisplay, growing application of microdisplay in advanced driver-assistance systems (ADAS) and others. Microdisplays are […]
The global electric enclosure market is estimated to grow at a CAGR of 4.8% during the forecast period. Some pivotal factors encouraging market growth include the rising industrialization across the globe and increasing adoption in the renewable energy sector. With the decline in costs associated with renewable energy, the alternative energy industry is witnessing rapid […]
Asia-Pacific electric enclosure market is estimated to grow at a CAGR of nearly 5.3% during the forecast period. Rising industrialization and expansion of the renewable energy sector are some pivotal factors accelerating market growth. As per the International Renewable Energy Agency (IRENA), total renewable energy capacity in Asia reached 1,024.4 GW in 2018, increased from […]
European electric enclosure market is estimated to grow at a CAGR of 4.5% during the forecast period. The growing food and beverage industry is one of the pivotal factors accelerating market growth. As per the FoodDrinkEurope, the EU food and drink industry generated a turnover of nearly $1,431 billion in 2017. In 2017, there were […]
UK electric enclosure market is estimated to grow at a CAGR of 4.7% during the forecast period. The growing food and beverage industry is regarded as one of the key contributors to the adoption of electric enclosures. In the UK, the food and drink manufacturing sector are the largest in the country. It represents 17% […]
North American electric enclosure market is estimated to grow at a CAGR of 4.4% during the forecast period. The major factors contributing to the market growth include the rising manufacturing sector and rising energy and power industry. As per the Government of Canada, the energy sector of Canada represents more than 10% of nominal GDP […]
The US electric enclosure market is estimated to grow at a CAGR of 4.6% during the forecast period. The rising energy and power industry are one of the crucial factors accelerating market growth. As per the US Energy Information Administration (EIA), in the US, electricity generation from renewable sources of energy grew from 18% in […]
The global industrial power supply market is estimated to grow at a CAGR of 5.2% during the forecast period. The major factors contributing to the market growth include rising industrialization and expansion of the telecom and IT sector. The growing manufacturing sector is supporting to drive the growth of the market. As per the United […]