Electrical & Electronics Industry - Market Research Report

  The   India consumer electronics market   was valued at USD 73.73 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. India presents a significant global opportunity for short- to medium-term growth in consumer electronics expenditure. Low penetration rates compared to other emerging markets highlight strong potential for first-time buyers, as well as middle-class consumers seeking device replacements. The COVID-19 pandemic notably disrupted consumer electronics demand. Factory shutdowns and supply chain issues led to substantial shortages of components. Additionally, counterfeiting, shipping delays, evolving customer behaviors, and growing environmental concerns contributed to a slowdown in market growth. Many manufacturers experienced shipment delays of at least five weeks for essential components. Market growth in India is being driven by rising household demand, lifestyle changes, greater access to consumer c...

 The North America fountain dispenser equipment market size was estimated to reach USD 1.21 billion in 2030, expanding at a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The ongoing development of technology is a key factor fueling the market for fountain dispenser equipment in the region. The abilities and functionality of fountain dispensers have been completely transformed by technological advancements, encouraging more businesses in the foodservice industry to adopt these equipment. The consumer experience has been greatly enhanced by these developments along with simplifying beverage operations. Automated fountain dispensers dominated the North America market for fountain dispenser equipment in 2022. Automated fountain dispensing machines offer a convenient way for consumers to access a wide variety of beverages quickly and easily. These machines are often placed in high-traffic areas such as convenience stores, fast-food restaurants,...