Electronic And Precision Equipment Repair And Maintenance Market Technological Challenges, Market Update, Volume Analysis, Growth Prospects And Forecast 2023-2032|Juniper Networks Inc., Emcor Group, Illinois Tool Works Inc., Tsubakimoto Chain Co., and Apple Inc.

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The Electronic And Precision Equipment Repair And Maintenance Global Market Report 2023 by The Business Research Company, provides electronic and precision equipment repair and maintenance market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Electronic And Precision Equipment Repair And Maintenance Global Market Report 2023, the market size will grow from $141.79 billion in 2022 to $151.83 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of electronic and precision equipment repair and maintenance market is expected to grow to $192.79 billion in 2027 at a CAGR of 6.2%.

An increase in sales of personal computing devices (PCD’s) is expected to propel the growth of the electronic and precision equipment repair and maintenance market. Personal computing devices refer to consumer devices such as desktop computers, laptops, smartphones, and tablets . Due to the pandemic, there was an increase in the number of people working from home, leading to an increase in PCD sales. With more people using PCD’s there is an increase in the need for maintenance and repair for such devices.

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The electronic and precision equipment repair and maintenance market is segmented:

1) By Type: Consumer Electronics Repair and Maintenance, Computer and Office Machine Repair and Maintenance, Communication Equipment Repair and Maintenance, Other Electronic and Precision Equipment Repair and Maintenance

2) By Mode: Online, Offline

3) By Service Type: Inspection, Maintenance, Repair

Companies involved in the repair and maintenance of electronic equipment are using artificial intelligence (AI)-predictive analysis for increasing the quality of their services. This analysis with the use of IoT technology sensors enables the service providers to identify the critical part which can fail and understand the current status of the components. Companies including Neuron Soundware and KONUX use AI-predictive maintenance to identify anomalies and improve the detection and identification of potential breakdown causes.

The electronic and precision equipment repair and maintenance market report table of contents includes:

Executive Summary
Report Structure
Electronic and Precision Equipment Repair and Maintenance Market Characteristics
Electronic and Precision Equipment Repair and Maintenance Market Product Analysis
Electronic and Precision Equipment Repair and Maintenance Market Supply Chain

Middle East Electronic and Precision Equipment Repair and Maintenance Market
Africa Electronic and Precision Equipment Repair and Maintenance Market
Electronic and Precision Equipment Repair and Maintenance Market Competitive Landscape
Key Mergers And Acquisitions In The Electronic and Precision Equipment Repair and Maintenance Market
Market Background: Repair and Maintenance Market

Top Major Players