The global consumer electronics market is projected to reach $1.38 trillion by 2028, with smartphones driving growth and technology trends such as 5G networks, IoT, and sustainability shaping the market.
The underground high voltage cable market is predicted to reach a valuation of over $48 billion by 2032, driven by the demand for electricity, adoption of renewable energy sources, and the need for efficient transmission systems. Europe is expected to dominate the market due to the focus on renewable energy and the expansion of power grids.
The Business Research Company's global market reports predict that the electrical and electronics market will reach $4,986.91 billion by 2027 with a compound annual growth rate (CAGR) of 7.5%, driven by innovations in electronics technology.
The global hydraulic equipment market is expected to grow by USD 16.28 billion between 2021 and 2026, driven by the growth of the construction sector and investments in infrastructural development.