Semiconductor News World

From $24.6 billion in 2019, the global commercial refrigeration equipment market value is predicted to surge to $33.9 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will exhibit a CAGR of 3.0% from 2020 to 2030 (forecast period). The major factors driving the expansion of the market are the burgeoning requirement for ready-to-eat food items and rapidly expanding organized food retail sector across the globe. With their increasing disposable income, the middle-class populace, particularly in the Eastern world, is increasingly preferring ready-to-eat food products. Moreover, the rising influence of the Western lifestyle is also positively impacting the sales of ready-to-eat foods. Such rapid changes in the food consumption and dietary habits of people are causing a sharp rise in the number of hypermarkets, food and restaurant chains, and supermarkets around the world.  Furthermore, the changing food consumption habits of ...

The retail sector is currently focusing on increased functional efficiency, improved physical store management efficiency, effective warehouse and inventory management, and exceptional omnichannel efficiency, owing to which retailers are increasingly deploying electronic shelf labels (ESLs) in their outlets and warehouses. The adoption of automated solutions, such as ESLs, helps retailers in saving efforts, time, and costs in-store management.  These systems are useful in product information display and management, delivery and service scheduling, and consistent process execution at physical stores. In the recent past, retailers preferred full-graphic e-paper over liquid crystal display and segmented e-paper, due to its high energy efficiency and ability to project graphical objects.  In addition to the retail outlets, such as specialty stores, supermarkets, non-food retail shops, and hypermarkets, the industrial sector also uses varying types of ESLs to enhance operational ef...

The easy availability of vaping devices on several distribution channels will drive the e-cigarette market at a CAGR of 9.2% during the forecast period (2020–2030). The market was valued at $15.7 billion in 2019, and it is expected to reach $39.0 billion by 2030. For instance, manufacturers of vaping products are promoting and selling their offerings through dedicated in-store hubs and kiosks at larger grocery shops and retail outlets. They are also establishing their outlets and stores to provide a vaping experience similar to that offered at a club. The distribution channel segment of the e-cigarette market is classified into vape shop, hypermarket/supermarket, online, and tobacconist. In 2019, the tobacconist category accounted for the largest share owing to the hands-on experience provided by such settings to customers, which is why this channel is hugely popular among the young population. The online category is expected to demonstrate the fastest growth in the forecast years. Man...

The global transparent display market value stood at $524.7 million in 2018, and it is expected to surge to $4,933.6 million by 2024. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 46.2% from 2019 to 2024 (forecast period).  The soaring requirement for transparent displays in the advertising sector and the burgeoning need for smart glass are the major factors fueling the expansion of the market across the world. The transparent display market is witnessing a massive rise in the requirement for transparent displays for various outdoor advertisement applications, as these displays improve the aesthetic appeal of advertisements.  Businesses are rapidly adopting transparent displays for promoting their products via digital signage. The increasing transparent digital signage popularity can be credited to the booming out-of-home (OOH) advertisement industry, which is being driven by the emergence of advanced te...

The governments of several countries in the region have made huge investments in infrastructure development projects for upcoming events, such as the FIFA World Cup 2022 and the Dubai Expo 2020 (which has been postponed till 2021). Furthermore, Etihad Rail signed a memorandum of understanding (MoU) with ZonesCorp in March 2019 in order to establish logistics and railway facilities in the Industrial City of Abu Dhabi (ICAD). These facilities are expected to cover an area of around 6 million square meters. The agreement also aims to develop a sustainable railway network for connecting the entire U.A.E. As per the estimates of the market research organization, P&S Intelligence, the revenue of the MEA chiller market will rise from $1.1 billion in 2018 to $1.3 billion by 2024, registering a CAGR of 3.6% from 2019 to 2024. Scroll, screw, reciprocating, absorption, and centrifugal are the most widely used chiller variants in the MEA region. Amongst these, the demand for screw chillers was...

The automation of the retail sector has led to effective warehouse and inventory management, increased physical store management efficiency, and enhanced omnichannel presence for retailers. The accelerating automation rate has also led to the adoption of electronic shelf labels (ESLs) at retail stores as they are useful in scheduling service and delivery and displaying and managing product information. Additionally, these automated solutions are used for the execution of daily tasks. Thus, the surging focus of retail stores on increased functional efficiency will fuel the adoption of ESLs in the coming years. Moreover, the escalating digitalization rate in this sector will help the electronic shelf label market prosper during 2021–2030. According to P&S Intelligence, the market revenue stood at roughly $800 million in 2020.  The increasing deployment of ESLs can also be attributed to the burgeoning demand for price optimization among retail stores. ESLs enable easy updates, ti...

Due to the mushrooming use of wearable devices, increasing adoption of the internet of things (IoT) in medical instruments, and surging utilization of compact batteries in the healthcare sector, the global micro battery market is expected to demonstrate a CAGR of 18.4% from 2019 to 2024. According to the estimates of the market research company, P&S Intelligence, the revenue of the market will surge from $418.2 million in 2018 to $1.1 billion by 2024. With the rising prevalence of chronic diseases, such as diabetes and cancer and the surging population of geriatric people, the incorporation of advanced technologies and solutions in the healthcare sector is rising sharply. For instance, as per the World Health Organization (WHO), 422 million people all over the world are diagnosed with diabetes every year. Furthermore, the organization found that the disease claims the lives of 1.6 million people across the world every year.  Besides the aforementioned factor, the growing use of...

The utilities can send commands, information, or other signals to the meter installed at the end user’s premises and even remotely connect or disconnect the resource supply. This feature will help the smart meters market grow at a CAGR of 4.9% during the forecast period (2020–2030). Additionally, a surging number of government policies supporting their installation will help their sales value grow from $13.1 billion in 2019 to $20.0 billion in 2030.  For example, in February 2020, the government of India completed the installation of 1 million of these under its Smart Meter National Programme. In the recent past, electricity meters were installed in the highest numbers due to the soaring support of government and global bodies for their installation for energy conservation, fraud detection, and peak consumption knowledge.  Apart from these, governments are encouraging the adoption of such measuring devices for accurate billing. All such smart meters are based on either the aut...