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 ...

 The global business shift towards enhancing consumer experience and delivering exceptional services is leading to the growth of the contact center software market. Therefore, the industry is witnessing a highly competitive scenario, and businesses are racing to expand market share by effectively managing resources to interact with their customers and deliver personalized services. According to the Grand View Research industry report, the global contact center software market was estimated at a staggering $33.38 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 23.9% from 2023 to 2030. This growth is spurred by the rising demand for software solutions that simplify customer interactions, improve response times, and tailor the overall customer experience.   Access the Contact Center Software Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research Primary Market Drivers One key driver behind this market's...

 With its energy efficiency, durability, and versatility, LED lighting systems has caused a huge expansion of the LED lighting market in the past few years. LED lighting has emerged as a frontrunner, revolutionizing the way people illuminate surroundings. It has swiftly gained prominence across residential, commercial, and industrial sectors, reshaping the global lighting industry. LED lighting technology converts electricity into light using semiconductor materials. Unlike traditional incandescent or fluorescent bulbs, LEDs emit light in a specific direction, reducing energy wastage and enhancing efficiency. This fundamental principle forms the cornerstone of LED lighting's widespread adoption and success.   Access the LED Lighting Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research   Driving Forces The global LED lighting market had a size value of USD 81.48 billion in 2023. This is expected to reach USD 169 billion by 2030...

 The global electric vehicle market size is expected to reach USD 8,851.04 billion by 2030, growing at a CAGR of 33.6% from 2024 to 2030, according to the recent reports of Grand View Research, Inc. Growing emphasis on environmental sustainability and the need to reduce greenhouse gas emissions is propelling the growth of the electric vehicle (EV) market. Governments across the nations are implementing stringent regulations and offering substantial incentives such as the UK plug-in vehicle grant, clean vehicle rebate project federal taxcredit in California, U.S., and Italy’s Superbonus tax credit, among others to promote the adoption of EVs, recognizing their potential to significantly cut down on air pollution and dependence on fossil fuels. Additionally, advancements in battery technology are enhancing the efficiency, range, and affordability of EVs, making them more appealing to consumers, and thereby fostering the growth of electric vehicles in the market.   Access the E...

 The electric vehicle (EV) charging infrastructure market is anticipated to witness an upward growth curve in the near future. This growth can be attributed to the global concern about climate change and the requirement for eco-friendly alternatives, which have led consumers to adopt electric vehicles. Electric vehicles have approximately zero percent CO2 emissions and are increasingly reducing the dependence on fossil fuels. The increasing adoption of electric vehicles worldwide has led to a significant increase in the requirement of charging infrastructure needed for electric vehicles, which in turn is fueling the growth of the market for EV charging infrastructure.   The market is further boosted by the growing affordability of lithium-ion batteries, making EVs a more accessible and attractive choice to a wider range of population. Economic incentives offered by various governments worldwide are likely to be a major driving factor in the EV charging infrastructure landsc...

  Adhesive Tapes Industry | Forecast 2030 The economic value generated by the adhesive tapes industry was estimated at approximately USD 72.20 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of adhesive tapes, distribution & supply, and various products of adhesive tapes. The rising application of adhesive tapes in industries such as construction, automotive, aerospace, electrical, and sports propels the global demand for adhesive tapes. Furthermore, increasing penetration of health care and hospitality industries in major developing countries such as India, China, Mexico, and Brazil is expected to boost demand for adhesive tapes over the forecast period.   Access the Global Adhesive Tapes Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & te...

  Electric Vehicle Charging Station Industry | Forecast 2030 Grand View Research’s electric vehicle charging station sector database is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research. The global electric vehicle charging station industry generated over USD 24.26 billion in 2022 and is expected to grow at a CAGR of 25.5% from 2023 to 2030. The EV charging station market is segmented into various types, such as charger type, vehicle type, connector type, and power source type. The enormous market growth is mostly attributable to the expansion of public and private sector efforts to persuade individuals to switch to electric vehi...

  Electric Vehicles (EVs) Procurement Intelligence The electric vehicles (EVs) category is anticipated to witness growth at a CAGR of 18.0% from 2023 to 2030. In 2022, Asia Pacific accounted for 51% of the market share followed by North America and Europe. Asia Pacific is the most lucrative region in terms of revenue as there’s an upsurge in the adoption of EVs particularly in China, India, and Japan. In addition, due to the easier availability of battery raw materials and lower production costs, several key players are eyeing China to set up their manufacturing facilities. Leading markets such as China, the US, and Germany are spending heavily on EVs, charging infrastructure, and research & development for effective charging technologies, longer-range EVs, and more affordable batteries. In addition, stricter government rules across the globe are one of the key factors driving up demand for EVs. For instance, the European Union has set a goal of achieving net-zero emissions b...

  Pumps Industry | Forecast 2030 The economic value generated by the pumps market was estimated at approximately USD 57.7 billion in 2023. The demand for pumps is on the rise owing to their varied use in such as water & wastewater, power construction, chemicals, and oil & gas industries. Rising expectations of customers in the past few decades have led to increased spending by the end-user industry globally to improve the quality of industrial pumps along with installing advanced process control. This has led to increased spending by the pump manufacturers in an attempt to improve energy efficiency, which is likely to drive the demand for improved energy-efficient pumps over the forecast period. Recent innovations in pump technology have led to improvements in fundamental process tasks, boosting pump reliability and lowering operating costs over time. These advancements have also contributed to increased pump performance, reliability, and reduced energy usage. These techn...

  Micro Mobility Industry | Forecast 2030 Grand View Research’s micro mobility industry data book is a collection of market sizing & forecast insights, regulatory & technology framework, pricing intelligence, volumetric analyses, competitive benchmarking analyses, and macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research. The following data points will be included in the final product offering in four reports and one sector report overview. The global electric kick scooter, skateboards, and bike markets combine to account for USD 21.43 billion in revenue in 2021, which is expected to reach USD 60.71 billion by 2030, growing at a cumulative rate of 13.9% over the forecast period. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces.   Access the Gl...

  Musical Instruments Industry | Forecast 2030 Musical Instruments Industry Data Book - Stringed, Percussion, Wind and Keyboard Instruments Market The increasing interest in music and its widespread popularity across the globe have fueled the demand for musical instruments. Furthermore, the growing number of music enthusiasts, both amateurs & professionals, has significantly contributed to the market growth.   Musical Instruments Industry Data Book Coverage Snapshot Markets Covered Musical Instruments Industry USD 14,117.9 million in 2022 7.3% CAGR (2023-2030) Stringed Instruments Market Size USD 8,958.3 million in 2022 7.4% CAGR (2023-2030) Percussion Instruments Market Size USD 1,005.3 million in 2022 6.9% CAGR (2023-2030) Wind Instruments Market Size USD 1,310.9 million in 2022 6.7% CAGR (2023-2030) Keyboard Instruments Market Size USD 2,843.5 million in 2022 7.5% CAGR (2023-2030)   Access the Global Musical Instruments Industry Data Book, 2023 to 203...