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...