power and energy

 Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that 53,598,846 passenger cars and 24,372,388 commercial vehicles were sold across the world in 2020. Furthermore, the International Energy Agency (IEA) states that the global stock of plug-in hybrid electric vehicles (PHEV) (cars) and battery electric vehicles (BEV) (cars) stood at 3,346,713 and 6,850,327 units, respectively, in 2020. The increasing sale of vehicles owing to the improving economic conditions of customers will create a huge requirement for motion sensors, due to their usage in wheel alignment systems, vehicle alarm systems, and airbag systems. Moreover, the burgeoning demand for smartphones and medical equipment will augment the motion sensor market at a CAGR of 5.1% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue is projected to surge from $4,430.7 million in 2019 to $7,590.8 million by 2030. In recent years, the electronics industry has been...

 The size of goat milk products market was $8,672.9 million in the year2021, and is predicted to progress at a 4.8% CAGR from 2021–to 2030 and reach $13,217.2 million. The market is largely driven by an increase in health-aware consumers, subsidies from the government for the farming of goats, and technical advancements. An increasing volume of people around the globe are more aware of health and eager to pay extra for products having health aids. Goat milk has high calcium and protein, making it a brilliant accompaniment for the teeth and bones of children and adults. Cheese held the major part, of approximately 45% of goat milk products market, in the year 2021. The increase in goat cheese demand of late.  This cheese is a rich source of various healthy fats, like unsaturated fats, triglycerides, and fatty acids are attributed for this. There is also a good, easily palatable protein, offering amino acids are essential for the body of the humans. Furthermore, to help fight ir...

 Factors such as the toughening government regulations on water treatment, expanding chemical industry, and increasing oil and gas production are expected to fuel the metering pump market at a CAGR of 3.9% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will grow from $4.4 billion in 2019 to $6.8 billion by 2030. In recent years, the soaring demand for energy-efficient metering pumps, to reduce energy wastage, has become a major market trend. One of the key growth drivers of the market is the increasing implementation of strict water treatment laws in many countries. Water treatment plants use metering pumps to feed chemical additives to the wastewater to remove toxic microorganisms, slurry, and pollutants, thereby improving the water quality. For example, the U.S. government amended its Water Infrastructure Act (AWIA) in 2018 to focus on all water that is theoretically intended for drinking. This act empowers the Environmental Protect...

  With an increase in the population in New Zealand and Australia, there is a surge in the demand for commercial and residential buildings. The COVID-19 pandemic had a severe impact on the construction of residential and industrial buildings, but the situation has certainly improved. For instance, the Australian construction industry reported a gross value added of AUD 144 billion in 2021. As these activities are increasing in these countries, the need for VRF systems is also rising. The revenue of the Australian water-cooled heat pump VRF systems market was $22,137.0 thousand in 2021, and it will rise at an 8.6% CAGR from 2021 to 2030, to reach $46,335.2 thousand by 2030. Furthermore, the New Zealand water-cooled heat pump VRF systems market generated approximately $3,782.8 thousand in 2021, and the size will propel at a CAGR of 6.5% in the same period, to reach $6,637.3 thousand by 2030. In the years to come, there will be a surge in the demand for these systems in commercia...

 The major drivers of the global IoT microcontroller market include the surging requirement for IoT in several sectors, increasing preferences for automation, and technological advances. In 2021, the market stood at $4,836.9 million and it is predicted to reach $13,898.0 million by 2030. It is projected to advance at a CAGR of 12.4% from 2021 to 2030. This can be due to the surging need for connected products, including gaming consoles, security systems, smartphones, televisions, household appliances, and tablets.  The technological advances will pave the way to generate higher revenue in the IoT microcontroller market in the forecast period. Recognizable alterations have taken place in hospitals and clinics because of data analytics methods, wireless devices, and developments undertaken in computer-embedded technologies. Furthermore, by enabling the inspection of huge amounts of very complicated medical information, clinical research is being transformed by IoT technologies. ...

 The industrial sector is undergoing rapid digital transformation to counter the increasing complexity of production processes and achieve higher productivity, which is subsequently fueling the demand for industrial automation solutions. Additionally, the surging need for reducing labor costs in the manufacturing sector is also facilitating the adoption of such solutions. Thus, the burgeoning demand for industrial automation solutions will result in the large-scale adoption of mobile collaborative robots (cobots) in the foreseeable future.   Additionally, the surging use of mobile cobots in the automotive sector will drive the mobile collaborative robots market at a robust CAGR of 26.3% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $543.3 million in 2019 and it will reach $6.8 billion by 2030. Automotive original equipment manufacturers (OEMs) use mobile cobots for welding, material handling, and assembling applica...

 In 2021, the New Zealand ventilation products market was valued at $113.8 million and is projected to touch $183.2 million in 2030. The market is predicted to grow at a 5.4% CAGR from 2021 to 2030 owing to the growing count of commercial and residential projects, rising inclination toward decentralized ventilation, increasing awareness about the environment and health. By removing odor, these products develop a sustainable atmosphere. Furthermore, as inhalation of harmful pollutants and chemicals can adversely affect health, there will be a surge in the need for such solutions in the forecast period. The rapid adoption of technological advancements will drive the New Zealand ventilation products market. This can be ascribed to the consistent efforts of producers who have developed ventilation products that provide protection against pollutants, viruses, and bacteria amid the spread of the pandemic. There is a paradigm shift among the companies for an amplified filtration ability. ...

 Product development and technological innovations, requirement for ash-less and smokeless vaping, and focus on health awareness will drive the U.K. e-cigarette market during the forecast period (2019–2024) at a CAGR of 19.6%. At this rate, the market will increase its size from $2.0 billion in 2018 to $6.4 billion by 2024. Currently, the market is observing the trends of the introduction of several flavors and fragrances, investment on research and development (R&D) of vaping technologies, and change in lifestyle preference.  Technological advancements in vaping products are one of the key factors that will drive the U.K. e-cigarette market growth during the forecast period. Moreover, tobacco manufacturers are also focusing on the development of novel technology to gain an edge over their competitors. Major players in the industry are introducing various innovative products that help in expanding their presence in emerging markets. Furthermore, the launch of advanced e-ci...

 The production and sales of automobiles has increased considerably across the globe. The demand for vehicles is particularly increasing from emerging economies, including South Korea, China, and India, as the disposable income of people in these regions is growing at a rapid pace. Because of this increasing production of automobiles, the demand for components and devices integrated in them is rising as well. Temperature sensors are among the devices that are integrated in automobiles.  These devices are usually used in heating, ventilation, and air conditioning systems of vehicles. A temperature sensor measures the temperature of its environment and converts the collected data into electronic data for monitoring, recording, or signaling temperature changes. According to a report by P&S Intelligence, the global temperature sensor market is predicted to reach a value of $11.1 billion by 2030, increasing from $6.9 billion in 2019, advancing at a 4.4% CAGR during the forecast...

 The rapid expansion of the automotive industry, on account of the surging disposable income of people, the burgeoning requirement for electric cars, and the rapid technological advancements and innovations, is one of the major factors responsible for the mushrooming sales of compressors across the world. This is because compressors are heavily used in various applications in the automotive industry such as car painting, tire inflation, engine construction, and air conditioning systems.  According to various reports, over 2.1 million electric cars were sold across the globe in 2019. Moreover, electric cars accounted for as much as 2.6% of the total car sales around the world in 2019, registering a year-on-year (Y-o-Y) growth of 40% from the previous year. Apart from the growth of the automotive industry, the boom in the heating, ventilation and air conditioning (HVAC) industry is also positively impacting the sales of compressors all over the globe. Browse detailed report - Co...

 The Australia ventilation products market revenue is expected to increase from $569.4 million in 2021 to $1,003.9 million in 2030. Moreover, it will propel at a 6.5% CAGR during the forecast period owing to the increasing commercial and residential projects, rising consciousness of the health and ecological effects of contaminated air, and cumulative preference for decentralized ventilation. Further, since the pandemic, people have become more conscious than ever of the harms of breathing contaminated air, especially since COVID-19 is an airborne disease. The skyrocketing demand for smart buildings will drive the Australian ventilation products market in the coming years. This can be attributed to the rising pollution levels due to the increasing carbon emissions, and surging cognizance of environmental sustainability. A smart building encompasses practices such as greenhouse gas emission reduction, water conservation, energy efficiency, and waste management. Therefore, with the i...

 The burgeoning demand for wearable devices, escalating usage of compact batteries, and rising adoption of internet of things (IoT) technology in medical devices will fuel the micro battery market growth at 18.4% CAGR during the forecast period (2019–2024). The market stood at $0.418 billion in 2018 and it is projected to reach $1.1 billion by 2024. Further, the increasing adoption of smart meter has become a market trend. It is an electronic device that records electric energy consumption and assists electricity supplier for monitoring and billing by using micro batteries. One of the key factors facilitating the micro battery market growth is the rising adoption of IoT solutions in medical devices. The healthcare sector is swiftly marching toward high-tech solutions, due to the booming geriatric population and increasing prevalence of chronic ailments. For example, medical devices like cardiac monitoring systems and insulin pumps are now connected with IoT to ensure remote monitor...