Electrical & Electronics Industry - Market Research Report

  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...