New Passive Component Market Research 2020-2024 | Market Impact Analysis for the New Normal | Technavio | Business Wire

Technavio announced the latest market research report, titled Global Passive Components Market 2020-2024 (Photo: Business Wire)

London-(

)-New passive component market research conducted by Technavio shows that as the business impact of COVID-19 expands, neutral growth will occur in the short term.

A senior analyst in the Technavio industry said: “One of the main growth drivers of the market is the growth in demand for communication equipment.” Market suppliers should keep a fast-growing market segment while paying more attention to the fast-growing market segment. Growth prospects. As the market recovers, Technavio predicts that the passive component market will grow by USD 11.68 billion during 2020-2024.

-Automatic power factor controller market is broken down by product (active power factor controller and passive power factor controller), geographic location (Asia Pacific, North America, Europe, South America and MEA) and end users (process industry and discrete industry) Minute.

-The hot water recirculation pump market is segmented by end users (industrial, residential and commercial), products (active and passive), and geographic location (Europe, North America, Asia Pacific, MEA and South America).

Technavio is the world's leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position. Technavio's report library has more than 500 professional analysts, and its report library is composed of more than 17,000 reports, counted in 50 countries/regions, covering 800 technologies. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. The growing customer base relies on Technavio's comprehensive coverage, extensive research and viable market insights to identify opportunities in existing and potential markets, and to evaluate their competitive position in changing market conditions.

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The passive component market will grow by USD 11.68 billion in 2020-2024