Electronics Industry Research

 Industry Insights The worldwide smart elevator market size valued at USD 10.50 billion in 2014. Rising acceptance, particularly in Latin America, Asia Pacific, and the Middle East, are anticipated to drive the growth of the market. Numerous benefits together with longer stability along with reliability are also expected to help the growth of the industry over the coming years. Growing disposable income of the consumer, predominantly in countries such as China, Brazil along with India coupled with the increasing need for faster transportation facilities may elevate the demand for the elevator. The elevator industry is hovering for growth owing to superior control of elevator traffic and the growing requirement for improved energy efficiency worldwide. Expansion of products that utilize renewable energy sources is likely to offer new development avenues in the upcoming years. Extensive usage in different sector like industrial, commercial as well as residential areas is further liab...

 Synopsis: The scope of the global Garment Steamer Market was priced at US$ 2.32 billion in 2018 and is estimated to touch US$ 3.36 billion during the forecast period. It is projected to grow at a CAGR of 5.41% from 2019 to 2025 due to the influence of e-commerce networks, increasing number of convenience and specialty stores, and demand for competent appliances offer enormous development openings. Augmented expenditure on the cutting-edge consumer appliances, particularly in the sector of garment care, is likewise expected to motivate the garments steamer market. Drivers: Ease of usage, transportability, flexibility, and greater proficiency presented by the steamers as compared to flat irons, increases their demand in the global garment steamer market. Additionally, growth in amount of advertising movements by the manufacturing companies supports the development. Philips had an advertising campaign for its recently presented garment steamer in the market to alert the general publi...