Electrical & Electronics Industry - Market Research Report

  The global heat exchangers market size is expected to reach USD 26.26 billion by 2030, registering at a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand from various industries, including chemical & petrochemical, and power generation, along with an increasing focus on improving efficiency standards is expected to drive the market. The presence of favorable government regulations in the emerging economies of China, India, Brazil, and Mexico about setting up new manufacturing facilities is expected to spur the demand for heat exchangers in various industries. In addition, upcoming nuclear power projects, particularly in the Asia Pacific, are anticipated to drive market growth during the forecast period. Technological advancements coupled with constant efforts and investments by major market participants in product innovation and research & development are expected to increase the market competitiveness over the coming yea...

The global flight simulator market was valued at USD 5.18 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. Flight simulators provide various benefits, including mission-critical training programs that improve operational efficiency, lower operational costs, and offer advanced visual systems. These features deliver a near-real-world training experience, paving the way for new growth opportunities in the coming years. Additionally, the rising demand for efficient and effective pilot training, coupled with increasing awareness of aircraft safety and the importance of robust training, is expected to drive market growth during the forecast period. The industry's growth is fueled by the need for advanced training in flight handling and safety operations, such as improving situational awareness and skill competency. Research and development efforts in aerospace technology, along with technological advancements, have led to the cre...

The global grow light market was valued at USD 4.23 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. The market growth is primarily driven by the rising popularity of urban cultivation, vertical farming, and the increasing adoption of sustainable methods for producing fruits and vegetables. The surge in the global population has further amplified the demand for urban agriculture. Vertical farming, which involves growing crops in vertically stacked layers within spaces like warehouses, skyscrapers, or shipping containers, has also played a crucial role in market expansion. Grow lights are instrumental in extending natural daylight hours, which enhances plant health, growth rate, and yield. Artificial lighting solutions, including high-pressure sodium, LED, and plasma lights, enable year-round crop availability by extending growing seasons. The growing awareness of alternative farming methods, driven by the limited availability ...