Indian smart meters market is projected to grow at a CAGR of 8.3% during the forecast period. India presents a lucrative opportunity for the growth of the smart meters industry. Increasing investment in India coupled with the increasing installation of smart meters by the government in the country tends to drive the growth of the […]
Category Archives: ELectronics & Semiconductor
European smart meters market is projected to grow at a CAGR of 5.8% during the forecast period. The major factor that propels the growth of the market includes the rising demand for smart utility solutions over conventional solutions in the region. The 2009 Gas Directive requires member states to carry out a cost-benefit analysis (CBA) […]
Asia-Pacific smart meters market is projected to grow at a CAGR of 7.5% during the forecast period. The major factors contributing to the growth of the market include the rising smart city projects and partnerships for the development of smart meters in the region. As per the data published by the German Asia-Pacific Business Association […]
The US electric enclosure market is estimated to grow at a CAGR of 4.6% during the forecast period. Rising industrialization is one of the key factors accelerating the adoption of electric enclosures in the country. The US manufacturers are considered as one of the major adopters of Industry 4.0. Owing to the early adoption of trending technologies, […]
UK electric enclosure market is estimated to grow at a CAGR of 4.7% during the forecast period. The growing renewable energy sector is one of the major factors contributing to market growth. As per the UK Government, renewables’ share of electricity generation (hydro, solar, wind, and other renewables) rose to a record 47.0% in the first […]
North American electric enclosure market is estimated to grow at a CAGR of 4.4% during the forecast period. As per the National Association of Manufacturers (NAM), manufacturers in the US represent 11.4% of the total output in the economy, which employs 8.5% of the workforce. In 2018, the total output from manufacturing was $2,334.6 billion. Additionally, […]
European electric enclosure market is estimated to grow at a CAGR of 4.5% during the forecast period. The advent of Industry 4.0 is offering an opportunity for the adoption of electric enclosures in the region. In February 2017, the Italian government introduced the National Industry 4.0 plan to stimulate investment in R&D programs and advanced technology. […]
Asia-Pacific Electric Enclosure Market is estimated to grow at a CAGR of 5.3% during the forecast period. Rising industrialization is one of the vital factors accelerating market growth. As per the Center for International Knowledge on Development, China, in 2018, China’s industrial added value reached nearly $4,395.5 billion, 56.7 times compared to 1978, with an […]
The global electric enclosure market is estimated to grow at a CAGR of 4.8% during the forecast period. Rising industrialization is one of the major factors accelerating market growth. Industrialization is growing rapidly across the globe owing to the increasing food and beverage industry and growing metal and mining industry. Additionally, most of the industrial […]
The global smart personal air cooler market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). A smart personal air cooler is a portable cooling device that is energy-efficient, economic, and applicable to facilitate individual users without disturbing the ambience of others. These are tabletop, user-friendly devices that are available at […]