Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

The global market for Microgrid Control Systems is projected to reach US$3.9 billion by 2025, driven by the rapid migration towards decentralized energy systems. The focus on sustainable energy against the backdrop of growing urgency to address climate change ranks as the primary factor driving adoption of decentralized energy systems. Other benefits offered include ability to utilize more renewable energy, reduced dependence on fossil fuels, more stable and largely lower energy prices, elimination of challenges involved in energy loss during long distance transmission, and reduced need to invest in electricity grid transmission and distribution capacity upgrades. In addition, centralized power grids are aging and suffer from grid power quality issues, and also lack the flexibility to adjust to changing energy consumption patterns worldwide. Also, with several countries worldwide legislating mandatory renewable energy targets, the move towards distributed energy infrastructure is ...

The global market for Automotive Control Panel is projected to reach US$129.4 billion by 2025, driven by electronification and electrification trends, and the resulting increased interactions in a connected semi-autonomous car. Intuitive and safe automotive controls are gaining significant importance in automobile designs. An adroit balance of usability, performance and safety are key features for vehicle interfaces that need to be balanced for a successful control system design. Today, the key selling point for auto OEMs is performance of the electronics, unlike earlier when a car’s road performance took precedence. The transition to motorized controls increases the importance of automotive control systems. The growing proliferation of touchscreen vehicle head units and center console units has created a safety challenge for OEMs. Automotive touchscreens have hit the peak of inflated expectations in their hype cycle, driven mostly by vendor assisted marketing and promotional str...

The global market for Electrical Enclosure is projected to reach US$8.1 billion by 2025, driven by the massive quantities of electricity produced and consumed worldwide, and the ensuing focus on safe electricity use and consumption. Other major factors driving growth in the market include ubiquity of power electronics; implementation of strict electrical safety regulations; continuous technology innovation in materials; upgrades of power and energy infrastructure; projected increase in renewable energy generation amidst rising environmental awareness and shift towards non-fossil fuel sources; frequent upgrades of enclosure performance standards; and robust demand for explosion-proof enclosures in the oil and gas industry, among others. Benefits of electrical enclosures driving their adoption and making them a staple in electrical best practices include ability to dissipate heat thus contributing towards equipment safety; enhanced employee safety and reduces the risk of electrical f...