Surface Computing Market is Led by North America

The surface computing market was USD 61.2 billion in 2023, and it will rise to USD 505.5 billion, powering at a 35.3% compound annual growth rate, by 2030.

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This growth is mainly because of the surging use of natural user interfaces for interacting with users. Additionally, surface computers have multi-touch as well as multiuser technologies, which assist in the identification of various objects physically with the help of touch. 

Moreover, they are employed for different applications, such as revolving, resizing, choosing, and moving, allowing the identification of objects in real-time.

The curved category, on the basis of display type, is likely to advance at a higher rate, of 35.6%, in the years to come. This can be because these devices have developed visual quality, enhanced efficiency, and reduced eye strain.

North America is the largest contributor to the industry, and it will remain the largest, generating USD 33.6 billion, by 2030. This can be mainly because of the increasing disposable salary as well as the existence of major companies.

APAC is likely to advance at the highest rate, of 35.8%, during this decade. This is because of the rising acceptance of innovative and new technologies, the growing need of customers for more immersive experiences in the digital world, and high funding by several tech giants in this region. 

With the increasing acceptance of natural user interfaces for interacting with users, the surface computing industry will continuously advance in the coming years.

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How Does Rapid Urbanization Boost Vietnam Diesel Generator Set Market?

In 2021, the Vietnam diesel generator set market generated around $109 million revenue, and it will progress at a rate of 3.6% from 2021 to 2030, to garner approximately $150 million revenue by 2030. The continuous rise in the sales of diesel generators in Vietnam is projected to increase its dominance in Southeast Asia as gensets market. The surge in construction activities in the country is driven by SEZs construction, government infrastructure projects such as smart cities, metro trains, and national and state road construction with the increased consumption of power proliferating the market.

The expansion of the industrial and construction sectors led by the rapid urbanization has also resulted in the propulsion of the Vietnam diesel generator set market to cater to the increasing demand for power. Moreover, the lack of a proper grid infrastructure causes an inadequate power supply in the country that negatively impacts the operations of the commercial and industrial spaces. Therefore, it results in an increase in demand for generators for an uninterrupted power supply during blackouts with a continuous supply of electricity for various applications.

In addition, the Vietnamese government has planned to increase the total housing space to 27 sq m per person by 2025 and 30 sq m by 2030, under the MOC strategy. Moreover, in the next decade, the government will be focusing on the redevelopment of housing development associated with urban development, old apartment buildings, along with green and smart homes. Furthermore, the housing solutions for low-income earners and workers in the urban areas are covered under government policies. The rise in the residential units, caused by government initiatives leads to a boost in diesel generator sales to cater to the backup power requirement.

The industrial sector captured a significant share in the Vietnam diesel generator set market, ascribed to the country becoming an industrial hub with an extensive and educated workforce. Moreover, the government of the country provides support to businesses that facilitate raw materials, spare parts, and components to various sectors such as automotive, IT, electronics, leather and footwear, and apparel and textile. Therefore, the expansion of the industrial sector has resulted in a surge in the requirement for power with the growing demand for generator sets.

Therefore, the insufficient power grid infrastructure leads to increasing demand for diesel generators in Vietnam for the continuous supply of power.

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