ReleaseWire Connect

The emerging trend of the contractors toward renting of the equipment is due to the inherent flexibility that makes AWP the perfect rental equipment. The access platform rental market is showing a continuous upward trajectory and is expected to witness growth owing to the increased consumer spending followed by growing commercial activities.

The recent trends of IoT and artificial intelligence have had a commendable impact on the development of smart speaker market. The robust proliferation of the internet has further aided smart speaker market growth in the last few years. Apart from the rising penetration of consumer electronics and high demand for wireless connectivity, technological interventions have also allowed manufacturers to introduce products that are not confined only to playing music, but have extended their applications to problem-solving, setting reminders, streaming of news and music with a single voice command.

Rising employment rate, disposable income, and expenditure on recreational activities are expected to be the prominent factors that will fuel the power sports market growth.

North America IR LED market is expected to reach over USD 350 million by 2024 owing to the increasing demands from the surveillance industry

Technological advancements in sensor technology, such as miniaturization and the advent of 3D imaging sensors, are contributing significantly toward the robot sensors market

The green data center market in Asia Pacific will experience a strong growth of over 30% from 2018 to 2024 owing to the widespread adoption of cloud and IoT technologies in countries such as China and India.

Increasing air traffic globally coupled with tightening government regulations regarding the materials used will drive the aerospace insulation market over the forecast timeframe.

In recent times, micro LED display market has received quite a slew of investments from consumer industry giants. Apple is reported to have developed an advanced micro LED display technology for its next generation of smartwatches. Samsung too made its way to the headlines recently with its introduction of a micro LED TV at the 2018 Consumer Electronic Show.

Rising investment towards the infrastructure development across developing economies will stimulate the switchgear market growth. Growing demand for control distribution systems and advanced monitoring units along with the replacement and modernization of aging electrical networks will further enhance the business outlook.

Global switchgear market size in 2017 was valued at over USD 90 billion and is estimated to witness growth of more than 6% from 2018 to 2024