Electrical & Electronics Industry - Market Research Report

  Electric Scooters Industry Overview The global  electric scooters market  size is expected to reach USD 40.6 billion by 2030, expanding at a CAGR of 7.8% during the forecast period, according to a study conducted by Grand View Research, Inc. The increasing adoption of electric scooters (e-scooters) among the young population, the rising purchasing power of the middle-class community in developing countries, and rapid urbanization are expected to significantly drive product demand across the globe. Electric scooters offer affordable last-mile transportation as compared to on-demand transportation. Agility and ease of maneuver in densely populated areas with high traffic congestion are additional advantages these vehicles offer, which are expected to fuel E-scooters market growth. Consumer satisfaction is another essential factor for vendors trying to retain existing customers or looking to expand their customer base. It can be measured using various parameters such as...

  Smart Manufacturing Industry Overview The global  smart manufacturing market  size is predicted to hit USD 787.85 billion by 2030. The market is also anticipated to register a CAGR of 13.4% from 2022 to 2030, based on a recent report by Grand View Research, Inc. This market is popularly known as industry 4.0 as the advancement and integration of manufacturing with technology and automation processes in manufacturing is driven by the Internet of Things (IoT), machine learning, and real-time data. It is focused on combining innovation and efficiency as production processes grow faster. The industry is intended to adopt smart production methods across various domains. The need to increase productivity and improve the visibility of the entire system are two major factors driving the market growth.   The proliferation of the Industrial Internet of Things (IIoT) is expected to create challenges in controlling large amounts of data and accessin...

  Smart Lock Industry Overview The global  smart lock market  demand is expected to reach 41.9 million units by 2028, registering a CAGR of 21.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. Rising awareness among consumers regarding the benefits and convenience offered by smart home security solutions and surging adoption of connected devices are primarily driving the industry growth. Besides, the hospitality sector has witnessed a large-scale deployment of smart locks with leading companies and stay aggregators increasingly relying on them to ensure security and accessibility to both customers and owners.   The rising global smartphone penetration has further opened new growth prospects for industry participants due to their continuous efforts to launch apps to manage the locking/unlocking procedures. Furthermore, prominent market players are incorporating various innovative techniques, such as Wi-Fi-enabled locking/unlocki...

  3D Printing Plastics Industry Overview The global  3D printing plastics market  size is expected to reach USD 5.4 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 23.9% from 2022 to 2030. The market is projected to witness substantial growth due to rising demand from various end-use industries such as medical, automotive, aerospace and defense, and consumer goods. Properties such as clarity in the image, high durability, high impact resistance, excellent UV and temperature resistant, sliding friction, high chemical resistance, rigidity, and dimensional stability are significantly fueling the demand for 3D printing plastics in the above-mentioned end-use industries across the globe.    3D printed products assist significantly in attaining economies of scale through the consumption of lesser lead time, reduced costs, and mitigated risks. 3D plastics also allow easier customization as per the consumer...

  Spirometer Industry Overview The global  spirometer market  size is expected to reach USD 2.26 billion in 2030, expanding at a CAGR of 10.13% during the forecast period, based on a new report by Grand View Research, Inc. The prevalence of chronic respiratory diseases is rising among adults as well as children across the globe.   The guidelines for the diagnosis and treatment of asthma in children and the Global Initiative on Asthma (GINA) guidelines recommend the usage of spirometry more frequently for asthma. GINA published a 2020 update for the Global Strategy for Asthma Management and Prevention, which includes information about asthma after reviewing the scientific literature and contains citations from the scientific literature.   Spirometer Market Segmentation Grand View Research has segmented the global spirometer market based on type, technology, application, end use, and region: Based on the Type Insights, the market is segmented into Hand Hel...

  Video Streaming Industry Overview The global  video streaming market  size is expected to reach USD 330.51 billion by 2030, registering a CAGR of 21.3% from 2022 to 2030, according to a new report published by Grand View Research, Inc. Rising technological advancements such as the implementation of blockchain technology and Artificial Intelligence (AI) to improve the quality of videos are expected to propel the growth of the market over the forecast period.   Service providers are widely adopting cloud-based solutions to increase the reach of content. This trend is observed in various parts of North America and Asia Pacific. Moreover, the rising demand for on-demand videos and inclination toward original digital content are the key factors driving the market growth. The growing acceptance of smartphones in combination with a range of high-speed internet technologies such as 3G, 4G, and LTE is further contributing to the market demand. In addition, the growing de...

  Bicycle Industry Overview The global  bicycle market  size is expected to reach USD 119.29 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2022 to 2030. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors expected to bolster the market growth. Bicycles are being preferred for short-distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary option for the commute.   Rising emphasis on the use of non-polluting vehicles for short-distance commutes by governments across the world is anticipated to positively influence market growth. The fact that bicycles do not emit any pollutants is projected to drive their demand in the near future. Moreover, consumers are rapidly movin...

  Collaborative Robots  Industry Overview The global collaborative robots market size was valued at USD 649.1 million in 2018 and is projected to expand at the CAGR of 44.5%, from 2019 to 2025. The collaborative robot or cobot is intended to interact with humans in a shared workspace, physically. The growing adoption in the Small and Medium Enterprises (SMEs) and investments in automation of manufacturing processes are the key factor driving growth. Emergence of robots working along with humans in areas like smart parts assembly and electronics product assembly further fuels the demand. Gather more insights about the market drivers, restrains and growth of the Global Collaborative Robots Market   Increasing demand for performing tasks requiring higher payload capacity is expected to contribute to the rising demand. The ability of cobots to work effectively with employees in an uncaged environment has led to an increased installation in the industry. The co-ro...

  Commercial Refrigeration Equipment  Industry Overview The global commercial refrigeration equipment market size was valued at USD 33.53 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. The rapid expansion of the tourism and hospitality sector and the growing preference of end-customers to takeaway meals are expected to emerge as the primary growth factors for the market over the forecast period. Furthermore, factors such as regulatory pressures, shift to lower Global Warming Potential (GWP) refrigerants, technological breakthroughs, and the ability to cater to the ever-changing consumer behaviors are also anticipated to create promising growth opportunities for the market.   Gather more insights about the market drivers, restrains and growth of the Global Commercial Refrigeration Equipment Market   A notable increase in international food trade has also triggered the demand for the refrigerati...

  Pet Supplements  Industry Overview The global pet supplements market size was valued at USD 1.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030.  The rise in pet humanization has led to consumers spending significantly on their food, supplements, toys, accessories, and other related products to keep them active, healthy, and happy. According to report published by the American Pet Products Association (APPA), in 2021, dog, cat, bird owners spent around USD 109.6 billion on these animals in the U.S. These market trends are driving the demand for these products. Gather more insights about the market drivers, restrains and growth of the Global Pet Supplements Market   Most services and stores for dog, cat, bird during the COVID-19 outbreak were shut owing to government advisories against frequent trips to the supermarket and other physical stores. As a result, an increasing number of people began ...

  China Testing, Inspection, And Certification  Industry Overview The China testing, inspection, and certification market size was valued at USD 40.24 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. Increasing foreign investments are expected to drive the growth. In an attempt to achieve progressive liberalization, the Chinese government has laid down favorable policies for international players to establish their presence in the country. Increasing adoption and development of alternative fuel vehicles such as hybrid and electric vehicles are anticipated to increase the testing and inspection activities for such vehicles, thus, driving the growth of the market.   Gather more insights about the market drivers, restrains and growth of the China Testing, Inspection, And Certification Market   The China testing, inspection, and certification (TIC) market is expected to register rapid growt...

  Gaming Industry Overview The global gaming market size was valued at USD 97.80 billion in 2016 and is expected to witness remarkable growth over the next eight years. Technological proliferation and innovation in both hardware and software are expected to be key factors driving the market. Growing penetration of internet services across the globe, coupled with easy availability and access to games on the Internet, is also expected to keep growth prospects upbeat over the coming years. Rising inclination to shift from physical games to online games has led industry participants to focus on hardware compatibility and efficiency. Free2Play (F2P), massively multiplayer online (MMO), and multiplayer games have progressively gained popularity, a trend that is anticipated to continue over the next eight years. Gather more insights about the market drivers, restrains and growth of the Global Gaming market   The trend of social media gaming is expected to have a positive impact...

  Human Resource Management  Industry Overview The global human resource management market size was valued at USD 17.56 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.2% from 2021 to 2028.  The continued digitization and automation of HR operations to create effective and agile reskilling strategies is expected to drive the growth of the market over the forecast period. The growth can also be attributed to the strong emphasis enterprises are putting on attracting the right pool of candidates, retaining human capital, and managing resources efficiently. Having realized the potential of human resource management (HRM) solutions in improving and enhancing HR operations, organizations are aggressively adopting these solutions, thereby driving the market.   Gather more insights about the market drivers, restrains and growth of the Global Human Resource Management Market   Advances in the latest technologies, such as...