Electrical & Electronics Industry - Market Research Report

The global   distributed fiber optic sensor market   was estimated at USD 1,482.5 million in 2024 and is projected to grow to USD 2,809.4 million by 2030, representing a compound annual growth rate (CAGR) of 11.4% from 2025 to 2030. The expansion of awareness across industries and corporations is anticipated to drive this growth. Key Market Trends & Insights In 2024, North America led the global market with a revenue share of 30.7%. The U.S. market was the dominant contributor within the region. In terms of function, the temperature sensing segment held a 45.8% revenue share in 2024. By technology, the Raman Effect segment led with 35.1% of revenue in 2024. By vertical, the oil & gas segment accounted for the largest revenue share in 2024. Service providers are increasingly offering bespoke solutions encompassing fibre-optics installation, management and maintenance. The growing deployment of distributed fiber-optic systems in challenging geographies is further boostin...

The global   cryogenic equipment market   was valued at USD 25,012.9 million in 2024 and is projected to grow to USD 36,734.0 million by 2030, representing a compound annual growth rate (CAGR) of 6.7% over the 2025-2030 period. The market is principally driven by rising adoption in sectors such as metallurgy and automotive, where cryogenic technology enables enhanced performance through ultra-low temperature processes. Key Market Trends & Insights In 2024, the Asia Pacific region led the industry, accounting for a revenue share of 46.6%. On the product front, the tank segment dominated with a 32.8% share. Regarding cryogens, liquefied natural gas (LNG) equipment held the largest share at 31.7%. In terms of applications, the storage segment led with a 56.2% revenue share. Cryogenic equipment plays a critical role in metallurgical processing by facilitating operations such as hardening and tempering of metals at extremely low temperatures, thus enhancing durability and perfo...

The global   conveying equipment market   was valued at USD 54.88 billion in 2023 and is expected to grow to USD 71.57 billion by 2030, representing a compound annual growth rate (CAGR) of 3.9% between 2024 and 2030. Growing reliance on automated systems that reduce production time and boost efficiency is projected to positively influence the overall conveying equipment market. Key Market Trends & Insights In 2023, the Asia Pacific region accounted for 46.9% of global market revenue, with China alone accounting for over 35% of that region’s share. The belt‐type segment held the largest portion across types at 24.0% in 2023. On the application side, warehouse & distribution led the market for that year, and among products, the unit-handling segment was dominant. Conveying equipment plays a critical role in industries such as mining and coal, food & beverage, automotive, airports and ports by transporting goods continuously in industrial and commercial settings. In t...

The global   audiobooks market   was valued at USD 8.70 billion in 2024, and is projected to reach USD 35.47 billion by 2030, reflecting a compound annual growth rate (CAGR) of 26.2% between 2025 and 2030. The burgeoning adoption of smartphones and increased on-the-go listening accessibility are major contributors to this rapid growth. Key Market Trends & Insights and Market Size & Forecast In 2024, the North American region commanded the largest share of revenue, accounting for over 44% of the global market. The U.S. audiobooks market is expected to grow at a CAGR of 24% over the forecast period. Among genres, fiction dominated with more than 64% of the market share in 2024. Regarding device preferences, smartphones held the largest revenue share in 2024. For distribution channels, the one-time download model recorded the highest share in 2024. The forecast reaffirms the market size: USD 8.70 billion in 2024, rising to USD 35.47 billion by 2030 at a CAGR of 26.2% (202...