DC switchgear market is anticipated to grow at a CAGR of 6.2% during the forecast period. The rising demand for DC switchgear in power distribution in the electric utility transmission and distribution systems is the major factor accelerating the growth of the market. Switchgear is commonly found throughout electric utility transmission and distribution systems as […]
Category Archives: Business
Burner management system market is anticipated to grow at a CAGR of 5.7% during the forecast period. Burner management systems make companies safe, more efficient, and compliant. It is a hazard control system implemented by operators to ensure the safe start-up, operation, and shutdown of a process heater. Further, it also saves fuel costs, minimizes […]
5G chipset market is anticipated to grow at a CAGR of 25.1% during the forecast period. The growing establishment of start-ups across the globe is the major factor driving the growth of the market. According to the GSM Association (GSMA), the deployment of 5G is expected to increase the global GDP by $13.2 trillion by […]
Drone battery market is anticipated to grow at a CAGR of 20.1% during the forecast period. The growing establishment of start-ups across the globe is the major factor driving the growth of the market. Start-up companies are involving in development and launch of new product which will drive the drone battery market. For instance, in […]
Electric motor market is anticipated to grow at a CAGR of 6.5% during the forecast period. The rising environmental regulations and automobile CO2 emission regulations increase the demand for electric automotive motors and related products to control CO2 emissions across the globe. Furthermore, the key players are establishing new factories to expand the production of […]
CoB LED market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for energy-efficient lighting solutions and advancements in lighting technology. Further, the automotive sector’s adoption of CoB LEDs for various applications is expected to fuel […]
Flat panel display market is anticipated to grow at a considerable 5.9% during the forecast period. A flat panel display is an electronic device used to project information such as words, videos, photos, and other visual content. Compared to a standard cathode ray tube television, it is much lighter and thinner. Panel displays are used […]
AMOLED display market is anticipated to grow at a considerable CAGR of 25% during the forecast period. Smartphones are the largest application for AMOLED displays, accounting for over 50% of the market. The increasing demand for smartphones is driving the growth of the AMOLED display market. Thus, several smartphone manufacturers are embedding AMOLED displays in […]
Photo Detector market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period. Photodetectors are also known as photo sensors and are light sensors or other electromagnetic radiation sensors. According to World Semiconductor Trade Statistics (WSTS), in the year 2021, the worldwide sensors market grew 28% to $19.1 billion because of […]
industrial refrigeration Systems market is anticipated to grow at a CAGR of 4.2% during the forecast period (2023-2030).The vapor-compression refrigeration is the most widely used cycle for refrigerators, air- conditioners, and heat pumps.The growing adoption of technological advancement in compressors, condensers, and evaporators is the key factor supporting the growth of the market globally. The […]