The power sector in India has faced challenges such as financial stress in distribution companies, issues related to land acquisition for projects, and occasional policy uncertainties. Addressing these challenges is crucial for the sustainable growth of the sector. Renewable Energy Growth: India has been making significant strides in the renewable energy sector. The government has […]
Electrical switchgear comprises essential components within electrical power systems, encompassing circuit breakers, switches, fuses…
The Asia Pacific market is experiencing significant growth, driven by factors such as a rising number of original equipment manufacturers and semiconductor device manufacturers, along with the expansion of mobile operators and a thriving telecom industry. The increasing emphasis on digitalization and e-health further contributes to the growth of the test and measurement equipment market in the region. China, recognized as a global manufacturing hub in electronics, semiconductors, and automotive industries, plays a pivotal role. Despite the pandemic’s impact on China’s GDP, the country successfully controlled the virus spread, minimizing its economic repercussions. China is poised to emerge as the only major economy avoiding contraction, surpassing global peers, including the US.
Amidst the trade war with the US, China redirected its focus to European and Asian economies. European countries perceive China as a potential growth source in the post-pandemic world. In December 2020, the European Union finalized a comprehensive investment deal with China, fostering increased trade volumes, particularly in high-quality products like medical devices and wireless communication devices.
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