Electrical & Electronics Industry - Market Research Report

The U.S. residential lighting fixtures market size was estimated to reach USD 4.04 billion in 2030 and is anticipated to expand at a CAGR of 5.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Consumers prefer LED bulbs to other lighting fixtures, as evidenced by the fact that LEDs accounted for the majority of the overall 2019 retail light bulb sales in Connecticut and other New England states. As per the Short-Term Residential Lighting Report by NMR Group, LEDs accounted for almost 80% of reflector bulbs sold in Connecticut in 2019. In Connecticut, LEDs accounted for almost half of all A-line, globe, and candelabra bulb sales. LED sales for globe and candelabra lights increased significantly between 2018 and 2019. The long-term involvement of market players in Connecticut's residential retail sector through incentives, marketing, and education laid the way for a larger share of the LED market. The LED & OLED segment held the largest market size in 2...

  The global hybrid fiber optic connectors market size is expected to reach USD 1,400.3 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 6.8% from 2023 to 2030. The growing demand for a safer, spark-free medium for implementation in hazardous areas such as aircraft fuel cells and other applications that contain volatile gases is driving the need for hybrid fiber optic connectors. These connectors are primarily deployed in extreme environmental conditions and settings as they possess features such as resistance to dirt or dust, chemical, submersion, vibration, and humidity. The demand for high-performance fiber optic connectors is rising in order to assure adequate environmental, mechanical, and optical performance in various industries, such as military & aerospace, oil & gas, safety & security, civil engineering, railways, power & utility, and others. Hybrid fiber optic connectors save installa...

  The global contact lens solution market size is expected to reach USD 4.48 billion by 2030, registering a CAGR of 3.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing number of cosmetic lens wearers and a rise in the participation of outdoor sporting and recreational activities are some of the key factors projected to drive the growth. These Solution are used for disinfecting, cleaning, and wetting the contact lenses. They are also used for storing the contacts when not being used. This factor is anticipated to further fuel the demand for the solution. A variety of contact lens Solution are available, which are customized based on the type of material used in contact lenses. The Solution are also made available in varied volume categories for the enhanced convenience of the users, including occasional and daily wearers. Contact lens solution can be purchased directly from the practitioners, e-commerce sites, and through the retail network. The...

  The U.S. medical display monitors market size is estimated to reach USD 1.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.7% from 2021 to 2028. The rise in the number of diagnostic imaging centers across the U.S., increased adoption of hybrid operating rooms, rise in minimally invasive surgeries, increased cancer prevalence, and high volume of diagnostic imaging procedures are the factors responsible for market growth. The display allows surgeons and medical practitioners to view diagnostic and surgical images in higher resolution for clear identification of tissues and blood vessels. A single monitor has the capacity to display data from optical microscopes, navigation displays, video streaming of the operating room, and diagnostic scans, to reduce surgeons’ burden to obtain data from different sources. This tool is of utmost importance for the radiologist, as it plays a key role in diagnosis accuracy and ...

  The global silicone in electric vehicles market is anticipated to reach USD 12.46 billion by 2030 and is anticipated to expand at a CAGR of 9.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing production and sale of electric vehicles is driving the market. Silicone exhibits properties such as superior electrical insulation, thermal conductivity, chemical stability, flame retardancy, heat resistance, radiation resistance, moisture resistance, chemical resistance, and resistance to environmental factors such as humidity and light. The siloxane (-Si-O-Si-) bond, which is highly stable, imparts stability to silicone. The binding energy of siloxane (-Si-O-Si-) bond is 433 kJ/mol, which is higher compared to carbon bonds (C-C) at 355 kJ/mol. The low intermolecular force of silicone molecules imparts high elasticity, high compression ability, and improved temperature resistance to silicone The thermal conductivity of silicone enables lowering the...

  The Middle East cables market size is expected to reach USD 15.52 billion by 2030, registering a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing preference towards tree retardant XLPE material is anticipated to spur market growth over the forecast period. New product and technology innovation is expected to catapult the demand across mature markets such as Saudi Arabia and the UAE. Increasing government investments for economic and infrastructure growth is expected to provide avenues to the Middle East cables market. Further, a tremendous increase in energy demand owing to ongoing infrastructure activities for Dubai Expo 2020 is also expected to drive regional market growth over the next six years. An increase in power transmission demand for organizing the FIFA World Cup 2020 in Qatar is providing avenues to the Middle East cables market. The emergence of technologically advanced materials such as LVDC high-temperature superconducto...

 The global magnetic materials market size is expected to reach USD 48.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.7% from 2022 to 2030. The rising investments in magnet-producing facilities are anticipated to augment the demand for the product during the forecast period. The companies in the market are exploring the possibilities to expand their production capacities in end-use segments. For instance, in June 2021, Jintian Copper announced its plans to build facilities for the production of rare-earth magnets i.e., permanent magnets. The company is likely to target downstream mid to high-end products and improve the core competitiveness of the company. Energy is anticipated to remain the fastest-growing application segment in Europe during the forecast period. Highly legislated climate targets require a rapid increase in renewable energy by 2030. The region adopted the European climate law in 2021 ...

 The global consumer electronics repair and maintenance market size is expected to reach USD 25.15 billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The proliferation of consumer electronics in everyday life has been a major driver behind the rising demand for repair and maintenance services. With the increasing reliance on smartphones, tablets, laptops, smartwatches, and other electronic devices for work, communication, and entertainment, the likelihood of device malfunction or wear and tear has grown. As more people integrate these devices into their daily routines, the need for reliable repair services becomes more pronounced. Consumers are more dependent on their electronics than ever before, which naturally leads to a higher demand for repair and maintenance services. The rapid pace of technological advancements has significantly influenced the market. As electronics become more sophisticated, they are also mo...

  The global isothermal nucleic acid amplification technology market size is expected to reach USD 10,698.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.3% from 2023 to 2030 A significant rise in awareness regarding the rapid testing and early detection of chronic and infectious diseases is expected to be a significant factor driving the market growth. Furthermore, the global growth in the prevalence of HIV, hepatitis, and sexually transmitted diseases, as well as the rise in adoption of INAAT for the diagnosis of such diseases, is anticipated to drive market growth. INAAT offers a more sensitive, accurate, and rapid alternative to traditional methods, such as culture-based identification, for the diagnosis of infectious diseases. Similarly, INAAT techniques require minimal resources and are used without the need for thermal cyclers, which significantly improves the portability of such techniques. Moreover,...

  The global high voltage direct current power supply market size is expected to reach USD 5.9 billion by 2030, registering a CAGR of 7.9% from 2023 to 2030, according to a new study by Grand View Research Inc. These gadgets offer significant opportunities for industry expansion and interact with renewable or alternative energy sources like photovoltaics, fuel cells, and wind power with ease. Over the next seven years, product demand is expected to be driven by the advent of hybrid HVDC power supply circuit technology that makes use of Voltage Source Converters (VSC) and is compact in comparison to traditional design. The industry has also seen the advancement of high power Insulated Gate Bipolar Transistors (IGBT), which has reduced the size of the HVDC power supply system and generated significant financial gains. The only feasible option now on the market that can be used with renewable energy sources is the HVDC power supply, which increases the dependability of an electrical s...

  The global grow light market size is anticipated to reach USD 14.31 billion by 2030, growing at a CAGR of 15.0%, according to a new report by Grand View Research, Inc. The increased use of vertical farming and indoor cultivation, for producing crops, is likely to spur the market demand over the forecast period. Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate, and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops throughout the season. According to the UN, by 2050, around 80 percent of the world's population will live in cities. People continuously move into cities to get access to training, service, jobs, culture and entertainment, and all the other things cities offer. This means that the demand for food is increasing in these areas at the same time as the availability of arable land around cities is very limited. Ar...

The global inkjet printers market size is expected to reach USD 60.35 billion by 2030, registering a CAGR of 6.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of inkjet printers among photographers and magazine manufacturers is expected to drive the market growth. Inkjet printers used in photography applications offer various multifunctional features, including different colors and combinations and no pixel split, among others. These printers also offer photographers the ability to print on any substrate. Packaging and publishing industries are driven by extensive usage of inkjet printers. Based on the type of industry, they offer high - speed printing with quick - drying ink and require less ink as compare to the conventional printers. Moreover, the desired print design can be stored in digital format in place of a stereotype. Besides, the increasing effectiveness and efficiency of these printers facilitate the workflow for printing...

The global solid state drive market size is expected to reach USD 55.1 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 16.5% from 2024 to 2030. The market is majorly driven by increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and numerous advantages of SSDs over hard disk drives (HDDs). Intensive use of social media, booming online commerce, and surge in media content will play a critical role in driving the SSD market over the forecast period. The average household’s storage capacity is expected to increase over the coming years due to the popularity of smartphones and tablets, which has allowed consumers to generate large volumes of digital data and content. This has led to the growing demand for sufficient capacity to store content. Rising adoption of SSDs in data centers is a result of various factors such as its greater efficiency compared to traditional HDD storage, increased demand for s...

The global e-commerce electronics market size is expected to reach USD 856.4 billion by 2028, registering a CAGR of 4.2% from 2022 to 2028. according to a new report by Grand View Research, Inc. This can be attributed to the growing demand for electronics appliances from e-commerce platforms in emerging economies owing to increasing internet penetration. The electronics appliances market is one of the fastest-growing industries accredited to the development of new technologies. Prompt advancements in technology to cater to consumer demands will generate market opportunities in the coming years. Also, with the help of advanced technology such as augmented reality, the e-commerce platform is likely to increase its consumer base and generates revenue, which in turn, led to a remarkable impact on the market. Moreover, a lockdown circumstance has been observed throughout the COVID 19 pandemic, and it showed an impact on the electronics appliances market due to the delayed supply of raw mate...

The global spirometer market size is expected to reach USD 2.3 billion in 2030, expanding at a CAGR of 10.20% 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. Technological advancements are leading to the development of innovative spirometers. Manufacturers are involved in the launch of technologically advanced products. For example, PMD Healthcare, Inc., in March 2019 received the U.S. FDA approval for its spirometer, Spiro PD. It enables patie...

The global small cell 5G network market size is anticipated to reach USD 125.54 billion by 2030 and is projected to grow at a CAGR of 70.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing deployment of 5G small cells across the globe is a major factor behind the market growth. Global mobile operators are increasingly dependent on the installation of small cells to enhance network coverage. In the coming years, operators are anticipated to heavily rely on 5G small cells to augment data network capacity in areas experiencing high levels of traffic congestion. Furthermore, according to the Telefonaktiebolaget LM Ericsson’s Mobile Data Traffic Outlook report, at the end of 2022, total worldwide mobile data traffic reached 93 EB per month. This global increase in mobile data traffic is owing to three major factors such as a rise in data-intensive content, advancements in device capabilities, and the growth in data consumption driven by ongoing develo...