Market insights

Today’s electric grids are characterized by their size and complexity as well as new technologies and techniques for power transmission, distribution, protection, and measurement. These power systems can operate on high power, medium power, or low power systems. They incorporate conductors, actuators, reactors, SCADA systems, and many more. The efficient design and continuous modernization of plants is a vital to achieve sustainable success in all industries. The global Electrical Power System Market is estimated to grow at a CAGR of XX% during the forecast period 2018–2023. The increasing demand for electricity from hotels, data centers, offices, and hospitals is anticipated to bring about distributed automation solutions in the commercial and residential industries. Apart from these sectors, the constant rapid development in automation and large investments in energy verticals, such as oil & gas, are also the prime driving factors behind the industry growth. North America has bee...

The volume generated by the European printed circuit board market was 4.933 million units in 2016 and is estimated to reach 6,152 million units by 2024, growing at a CAGR of 2.6% during the forecast period 2016–2024. Germany is the largest market for printed circuit board in Europe, holding a share of 22% in 2016. The country’s printed circuit board market is further estimated to grow at a CAGR of 3.6% during the forecast period. Advancements in internet of things and increased adoption of smart devices are driving the market growth. European Printed Circuit Board Market Outlook A printed circuit board (PCB) is a plastic board made of a non-conductive material, such as plastic or fiber-glass, that has copper lines and pads connected to each other. These copper lines allow electrical charge to flow through the different components such as transistors, capacitors, and resistors that are located systematically on the PCB. These successfully fulfil the need for an electronic device that ...