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Share this article Share this article ResearchAndMarkets.com's offering. The global variable frequency drive market is projected to reach USD 24.3 billion by 2025 from an estimated USD 19.2 billion in 2020, at a CAGR of 4.8% during the forecast period. This growth can be attributed to factors such as growing regulations towards energy efficiency, upgradation & modernization of aging infrastructure for safe & secure electrical distribution systems, and increasing rate of industrialization and urbanization. However, stagnant growth of the oil & gas industry and decrease in the exploration & pr...

Share this article Share this article ResearchAndMarkets.com's offering. The global LED packaging market is estimated to grow from USD 17.6 billion in 2021 to USD 22.1 billion by 2026, at a CAGR of 4.6%. The market has a promising growth potential due to several factors, including the risen demand for IoT-enabled lighting fixtures and smart lighting solutions, surged demand for LED packages in display panel market, increased demand for UV LED-based disinfection systems amid COVID-19, and recent government initiatives and regulations promoting use of LEDs for energy efficiency and environmenta...

Share this article Share this article ResearchAndMarkets.com's offering. The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission and distribution networks, as well as in electrification projects. These investments, along with investments to replace aging electric infrastructure in North America and Euro...

Share this article Share this article ResearchAndMarkets.com's offering. The global acrylic resins market size is projected to reach USD 21.9 billion by 2025 from USD 16.8 billion in 2020, at a CAGR of 5.5% during the forecast period. The demand for acrylic resins in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the construction industry and industrial activities. The potential health and environmental issues is a major restraining factor for the market. The stringent regulations regarding coating application is a major challenge for the acry...

Rise of Virtual Care Delivery Amidst Social Distancing to Boost Global Telemedicine Market, Predicts Fairfield Market Research News provided by Share this article Share this article LONDON, Jan. 20, 2021 /PRNewswire/ --  The urgent need for social distancing to contain COVID-19 has given the  global telemedicine market a perfect opportunity, assesses Fairfield Market Research. The  global telemedicine market is anticipated to reach US$ 152.1 Bn by 2025 from US$ 82.7 Bn in 2020, surging at a CAGR of 19% from 2021 to 2025. The market holds great opportunities ever since the World Health Or...