Electronics Intelligence

 The global food service equipment market size is expected to reach USD 56.90 billion by 2030, registering a CAGR of 7.1% during the forecast period, according to a new report by Grand View Research, Inc. The increasing trade activities in the food & beverage industry, upsurge in travel & tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market. Equipment manufacturers are focusing on mergers & acquisitions to introduce state-of-the-art product offerings for attaining a competitive edge in the market. For instance, in 2019, SMEG S.p.A collaborated with Dolce & Gabbana S.r.l. for special styling of Fab28 SMEG refrigerator, which was encouraged by old Sicilian art. This collaboration was aimed at developing products in captivating designs consumers would like to incorporate in their modular, open commercial kitchen spaces.   Access the Food Service Equipment Market Size,...

 Smart glasses are useful as they allow optimum customization, and the global smart glass market is witnessing huge demand due to the rise in the construction and automotive industries. According to a Grand View Research report, the estimated global smart glass market size was at $6.59 billion in 2023 and is expected to grow at a growth rate (CAGR) of 9.9% from 2023 to 2030.   What is Driving the Market Expansion? The efficient use of smart glasses in buildings and vehicles is one of the key driving factors propelling the global smart glass market. Governments worldwide have taken new initiatives to implement regulations aimed at promoting sustainability and reducing carbon emissions. Therefore, construction companies are led to a surge in the construction of green buildings and eco-friendly structures, which heavily utilize smart glass technologies.   Access the Smart Glass Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research ...