Industries

The automation of off-highway equipment has experienced rapid development in the past 3 years. Globally, the total amount of autonomous off-highway equipment in operation more than doubled to reach approximately 1,700 units in 2022, from approximately 800 in 2021. North America is one of the major off-highway automation hubs, with several pilots...

The Asia-Pacific contact center applications market grew by 6.9% in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.4% from $881.9 million in 2022 to $1,193.5 million in 2029, driven by cloud migration, system upgrades, and increased investments in advanced applications, such as analytics and workforce management. Vietnam...

The Western European firefighting PPE market generated 506.7 million in 2023. Increased incidences of fires year over year and the surge in fire-related fatalities will drive the growth of firefighter PPE such as turnout gear, gloves, boots, SCBA, and helmets, which provide thermal and respiratory protection and protection from injuries resulting ...

Globally, the security industry serves customers involved with emergencies and natural disasters. These critical events have prompted drone vendors to accelerate the development of new technologies that can help mitigate disastrous situations. Hurricanes, earthquakes, fires, hostage situations, collapsed buildings, and diving missions are among the...

This comprehensive study examines the global shift-by-wire (SBW) market from 2022 to 2030, providing insights into growth prospects and their associated implications. SBW technology seeks to replace the traditional mechanical linkages between the transmission and gear shifter with electronics. The report explores the SBW technology penetration acro...

This study provides insights into the Latin American and Caribbean (CALA) unified communications as a service (UCaaS) and cloud meeting services market. CALA has been facing a tough investment climate due to economic deceleration, exacerbated by political uncertainties. These challenges are expected to persist, with contracted global trade, continu...

The Middle Eastern defense market is constantly growing in light of significant regional geopolitical changes, military modernization efforts, and the Russo-Ukrainian War, accelerating demand for advanced weapon systems. Accordingly, the regional defense market is expected to grow at a higher rate than the global average, to more than 2.5% per annu...

11 Dec 2023  |  Global  |  Market Research

Global Grid Equipment Growth Opportunities

Electrification and Decarbonization Trends Drive Future Grid Investments

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Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T&D) infrastructure and grid assets, including transformers, switchgear, and cables. Frost & Sullivan expects the global grid equipment market revenue to reach $232.74 billion in 2030, with cabl...

Rising incidents of patient deaths are raising questions about medical device efficacy, specifically Class II and Class III medical devices. All medical devices commercialized in the US market must adhere to 510(k) compliance. The US Food and Drug Administration (FDA) posts summaries of information about the most serious medical device recalls. ...