The submersible motors market worldwide is expected to grow with a CAGR of 3.80% during the forecast period from 2019 to 2027, starting from US$ 4.17 Bn in 2018. Submersible motors market is expected to witness steady growth in the near future due to rise in industrialization and growth in infrastructure development. Due to low electricity consumption, robust structure and higher efficiency submersible motors are extensively used in various industries. Increase in exploration activities related to deep water are giving boom to the submersible pumps which in turn helps submersible motors market growth. On account of these factors, we are expecting steady growth in the submersible motors market during the forecast period.
The global spark plugs market is poised to reach US$ 10.98 Bn by 2027, expanding at a CAGR of 5.7% during the forecast period from 2019 to 2027. Rising sales and production of automotive vehicles, introduction and development of advanced spark plugs, and growing trend of environment friendly spark plugs is expected to boost the demand for spark plugs.
The global solar pumps market is poised to reach US$ 1.81 Bn by 2027, expanding at a CAGR of 8.4% during the forecast period from 2019 to 2027. Government subsidies, increase in the number of agricultural activities, rising need for livestock drinking water facility, ease of convenience and low operation & maintenance cost are expected to drive the solar pumps market.
Globally, the screen printing mesh market is expected to grow with a CAGR of 4.2% during the forecast period from 2019 to 2027. The large scale of the adoption of printing into electronics is driving market growth. The screen printing has emerged as the ideal printing process for the electronics as its cost-effective nature and low throughput requirement. Furthermore, the screen printing process required a lesser surface area as compared to other processes, which makes it a suitable option for the electronics manufacturers.
Water pumps are one of the most important devices used for a wide variety of end-use applications. Over the years, the water pumps have evolved as simple water drawing devices for various applications including commercial and residential purposes. Some of the water pumps available in the market include variants of centrifugal pumps and positive displacement pumps. Centrifugal pumps are used for applications related to medium head and discharge.
The global humidifiers market was valued at US$ 2.03 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 4.2% during the forecast period from 2018 to 2026. Humidifiers are mainly used to control the humidity levels and increase the amount of water vapor in the atmosphere. These days, people are becoming more aware of the unsafe influence of pollutants. With the consistently degrading air quality, they are shifting towards humidifiers for treating air. As a result, growing health awareness coupled with changing weather conditions are the major factors facilitating the growth of humidifiers market worldwide.
Globally, the RCCB market is projected to grow with a CAGR of 7.3% during the forecast period. RCCB is power input of circuit breaker devices, which senses current and disconnects the circuit if there is any low voltage or unbalanced current whenever any fault occurs. These devices protect the human’s life from shocks by disconnecting the main circuit within seconds during a short circuit.
Globally, the professional mobile radio market is expected to grow with a CAGR of 12.3% during the forecast period from 2019 to 2027 and has a market value of around US$ 16.25 Bn in 2018. Professional mobile radio (PMR) is a type of wireless system, which is used for communication during the emergency services. Public organizations, police departments, fire departments, transportation companies, and others also use these systems.
The power distribution unit market worldwide is expected to grow with a CAGR of 5.9% during the forecast period from 2019 to 2027, starting from US$ 2.24 Bn in 2018. Rising data centers are driving the demand for power distribution units worldwide. Growing power supply concerns and for the reduction of energy losses the demand for power distribution unit is increasing, which helps the market growth. Power distribution units have various benefits includes decrease the effect of carbon emission, real time data collection, remote monitoring and others, which are driving the growth of the market.
Power is vital when it comes to electronics. Power connectors act as the vital connection between a device and its power source. Power connectors are devices that enable an electrical current flow through it for the sole purpose of supplying a device with power. Power connectors are designed to carry both AC as well as DC supply. AC plugs and sockets make it possible to connect devices to a building's primary power supply.
The global portable fans market is expected to grow at a CAGR of 3.3% during the forecast period from 2019 to 2027, starting from US$ 2,593.2 Mn in 2018. The elevated trends for outdoor activity globally is increasing the demand for portable fans market during the forecast period. As per Outdoor Industry Association report, almost 49% of the U.S. population participated in any kind of outdoor activities at least once in the year 2017.
The global portable charging units market is growing rapidly, expected to grow at a CAGR of 18.7% throughout the projected period from 2019 to 2027, starting from US$ 11.47 Bn in 2018. The surge in capacity requirements coupled with the growing adoption of wearable devices is expected to drive the global portable charging units market over the forecast period.
The mobile phone accessories are generally designed to attach to, or protect or complement a mobile phone, are well-accepted and fashionable accessories for various phones (including smartphones and featured phones). The requirement to protect smartphone or featured phones and as well as for other reasons impelled the demand for mobile phone accessories all across the globe. Presently, the mobile phone accessories are highly demanded by smartphone users all across the globe.
Globally, the paddle & rocker switches market is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027. A rocker and paddle switched are commonly used across various industries based on its easy handling and reliable properties. The rocker switches are used in surge protectors, computer power supplies, display monitors, and many other applications and devices. Whereas, paddle-switch can be operated easily without switching on unintentionally.
The global optocoupler IC market is expanding significantly, anticipated to surge at a CAGR of 5.9% during the estimated period from 2019 to 2027, starting from US$ 1.75 Bn in 2018. The optocoupler IC market is majorly driven by the rapid increase in the adoption of electric vehicles worldwide and the growing penetration of smart home devices. In 2018, the global smart home market was valued at around US$ 80 Bn and expected to grow with a CAGR of approximately 15% in years to come.
Globally, the monolithic microwave IC (MMIC) market is anticipated to grow with a CAGR of more than 10.9% during the forecast period from 2019 to 2027, starting from US$7.2 Bn in 2018. Globally, MMIC devices are used as component of choice for numerous high-frequency applications. The adoption of MMIC is largely based upon the advantages of these devices such as reduced size, low cost, and high reproducibility capabilities.
The Micro LED market worldwide is expected to grow with a CAGR of 81.9% during the forecast period from 2019 to 2027, starting from US$ 0.58 Bn in 2018. A developing flat display technology is called a micro-LED display, which provides invincible contrasts as well as supreme energy efficiency via microscopic LED arrays. It operates on the gallium nitride principle, which delivers extraordinary brightness, even more than an OLED display. Micro-LED display provides 30 times higher brightness and invincible efficiency than conventional OLED displays.
Surge in marine trade among countries of the world and increasing investment in marine electronics technology by major players of the market is driving the global marine electronics market. Similar to the U.S. and Indonesia, many countries of world have made installation of automatic identification system (AIS) chips on vessels mandatory. Beyond this, there is increase in number of tourists preferring coastal areas and cruise ships & ferries.
Globally, the loudspeaker market is expected to grow with a CAGR of 7.0% during the forecast period from 2019 to 2027. The market is driven by the advancement in the sounds technology over the years. The speakers market has evolved significantly over the years from the multi driver audio speakers to the smart and connected speakers. This advancement in the sound technology has fueled the competition among the market players and resulted in the development of the rapidly advancing consumer electronics.
The linear resistors market worldwide is expected to grow with a CAGR of 4.2% during the forecast period from 2019 to 2027. Linear resistors market worldwide is witnessing steady growth since the past few years with growth in electronic circuits market. The major demand for electronic circuits in consumer electrics is driving the growth for linear resistors.