Electrical & Electronics Industry - Market Research Report

  Outdoor Solar LED Industry Overview The global outdoor solar LED market size to be valued at USD 24.75 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 24.6% during the forecast period. The growing popularity of LEDs for outdoor light settings, specifically in street light applications owing to improved quality and efficiency, is one of the key factors contributing to market growth. The increasing adoption of solar as a source of renewable energy for lighting purposes across countries is also likely to act as a catalyst for market growth. The rise in implementation of several smart city development plans is also likely to drive the adoption of outdoor solar LED products, creating opportunities for vendors in this space. Growing urbanization and soaring vehicular traffic have led to a rise in the number of road infrastructure and smart city projects being implemented across countries such as the U.S., the U.K., Germany, China, and India. As a pa...

  Europe Data Center Colocation Industry Overview The Europe data center colocation market size was valued at USD 12.81 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2021 to 2028. Building and operating a data center is an expensive affair and requires a large amount of capital. Small businesses often lack the budget to own a data center, which has led to the rising demand for data center colocation services across Europe. The deployment of colocation data centers helps enterprises in cutting down on maintenance costs while offering high bandwidth and scalability. Moreover, colocation presents an opportunity for data center providers to explore new strategic locations across Europe beyond the Frankfurt, London, Amsterdam, Paris (FLAP) markets. The market is driven by the significant demand for colocation services by hyperscale data center consumers such as large internet businesses and public cloud service providers. Besides build...

  Electric Kick Scooters Industry Overview The global electric kick scooters market size was valued at USD 2.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2021 to 2028. Kick scooters have emerged as a cost-effective urban commute option in recent times. This is attributed to the sleek design and the ease of use they offer. Rapid developments in the electric scooter sharing industry are also expected to generate growth opportunities for the kick scooters market over the forecast period. Countries such as France, Spain, Germany, and the U.S. have recorded a significant rise in the adoption of kick scooters over the last couple of years, a trend expected to continue over the next few years. Additionally, electric scooter sharing start-ups are collaborating with top manufacturers in the market to expand their customer base and enhance their product offerings in the market. Low-cost transportation, lesser parking space requirement, g...

  Household Refrigerators And Freezers Industry Overview The global household refrigerators and freezers market size was valued at USD 81.90 billion in 2020 and is expected to register a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. Increasing consumer preference for smart equipment in an attempt to simplify daily food storage tasks is the primary factor responsible for the promising growth prospects of the market over the forecast period. Furthermore, factors, such as the increasing purchasing power of consumers, rise in the number of nuclear families, growing popularity of modular kitchen spaces, and changing dietary preferences, are driving the market. Refrigerators mounted with freezers are equipped with heat pumps and thermally insulated compartments built to keep food and beverage items cool and fresh for a comparatively long time. Owing to these benefits, the appliance has become an everyday necessity across households globally. The intense competition in t...

  ATM Industry Overview The global ATM market size reached USD 20.18 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. Automated teller machines (ATMs) offer a reliable easy interface for cash withdrawal and features such as ease of fund transfer, withdrawal, deposit, and 24x7 availability of cash. With advancements in technology, customers seek secure, faster, more convenient, and reliable means of accessing cash, favoring the widespread adoption of ATMs globally. Furthermore, improved security measures, including biometric and one-time password authentication systems to prevent fraud, and the advent of Smart ATMs for users with special needs contribute to market growth. The increase in demand for automation in the banking sector in several developed and emerging countries is also expected to fuel the demand for ATMs. The COVID-19 pandemic has significantly disrupted ATM manufacturing operations and supply chains, impact...