Electronic Industry

The expansion of renewable energy, increasing electricity consumption, and modernization of aging grid assets are driving infrastructure development across North America. The US represents an important source of demand, supported by investments in resilient power networks, renewable generation, data center capacity, electric vehicle charging, and industrial electrification. Utilities are deploying upgraded transformers, substations, transmission lines, distribution equipment, and grid automation technologies to manage changing electricity loads. Meanwhile, Canada is enhancing its transmission infrastructure to facilitate clean energy deployment and improve regional power connectivity. The global Electricity Transmission and Distribution Market Size was valued at US$373.71 billion in 2025 and is projected to reach US$746.24 billion by 2034 , expanding at a CAGR of 7.99% from 2026 to 2034 . The addressable market is estimated at US$5,037.49 billion during 2026–2034 . Within North Ameri...

The growing penetration of electric vehicles across the US and Canada is driving greater adoption of advanced thermal management technologies. As automotive manufacturers expand their BEV, PHEV, and HEV portfolios, the requirement for efficient cabin heating and battery temperature control is increasing. The US is particularly important due to its expanding EV and battery manufacturing base, growing charging infrastructure, and development of next-generation automotive platforms. High-voltage heaters offer manufacturers a solution for delivering controlled thermal performance while supporting energy efficiency, compact vehicle designs, and reliable operation. The High Voltage Heater Market Size was valued at US$1.34 billion in 2025 and is projected to reach US$2.76 billion by 2034 , registering a CAGR of 8.34% from 2026 to 2034 . The addressable opportunity is estimated at US$18.39 billion during 2026–2034 . North America represents an important regional opportunity as automakers in...

Increasing investments in grid infrastructure and clean energy, coupled with rising electricity consumption, are creating favorable conditions for advanced transformer technologies. Modern industrial facilities, data centers, hospitals, commercial buildings, and transportation networks require reliable electrical distribution systems capable of supporting continuous operations. Dry-type transformers are gaining importance in these settings because their air-cooled configuration and solid insulation provide advantages for indoor installations, particularly where fire protection, environmental safety, and reduced maintenance are key priorities. The global Dry Type Transformer Market Size is projected to increase from US$20.65 billion in 2025 to US$43.58 billion by 2034 , registering a CAGR of 9.79% during 2026–2034 . The addressable market is estimated at US$305.16 billion during 2026–2034 . Within North America, the US represents an important demand center due to investments in electri...

Increasing investments in factory automation are reshaping manufacturing operations across the US and broader North America. Businesses are adopting robotic technologies to improve throughput, standardize repetitive processes, and increase production flexibility. This transition is driving the need for reliable end-of-arm tooling, including electric grippers capable of delivering controlled force and precise movement. Manufacturers in the US, Canada, and Mexico are deploying such technologies across automotive, electronics, food and beverage, metal processing, logistics, and general industrial applications. The US is particularly significant because of its expanding robotic manufacturing infrastructure. According to the International Federation of Robotics, approximately 38,000 industrial robots were installed in the US in 2025, marking an 11% increase compared with 2024. The Electric Gripper Market Size was valued at US$3.71 billion in 2025 and is projected to reach US$5.70 billion b...

The growing shift toward electric mobility, renewable energy, automated industrial operations, and high-performance computing is supporting the wider adoption of power management technologies. Power modules play a critical role in converting and controlling electrical energy across applications such as EV powertrains, charging stations, renewable energy systems, industrial drives, communication equipment, and electronic devices. Their integrated construction enables manufacturers to achieve efficient power handling while maintaining compact system designs. Against this backdrop, the Power Module Market Size is witnessing sustained expansion. The global Power Module Market was valued at US$22.34 billion in 2025 and is projected to reach US$44.79 billion by 2034 , registering a CAGR of 8.3% during 2026–2034 . The addressable market is estimated at US$305.94 billion during 2026–2034 , indicating substantial opportunities across automotive, ICT, industrial, consumer electronics, and ene...

The increasing complexity of commercial facilities is prompting organizations to adopt more comprehensive approaches to physical security. Large office buildings, shopping facilities, financial institutions, industrial sites, logistics centers, and corporate campuses require solutions capable of monitoring multiple access points and operational areas. Businesses are therefore deploying surveillance cameras, access control systems, alarms, intrusion detection technologies, and remote monitoring platforms to strengthen facility protection. Integration with connected devices and intelligent analytics is further allowing security teams to gain real-time insights and respond to unusual activities more effectively. The Commercial Security System Market Size was valued at US$163.78 billion in 2024 and is projected to reach US$368.92 billion by 2031 , registering a CAGR of 12.3% during 2025–2031 . The Insight Partners also estimates an addressable market of approximately US$1,872.84 billion ...