Since the invention of the first light bulb by Thomas Alva Edison in 1879, the lighting industry has gone through a series of technological advances. The discovery of Geissler tube in the early 19th century led to the development of fluorescent lights. Now, LED lighting, a kind of solid-state lighting, uses a semiconductor to convert electricity into light and can emit light in a specific direction. It is penetrating the market at a very high rate.

Transformers need an insulating medium to keep the temperature of the core windings in check as well as act as an arc-quenching medium. Oil is the most widely used type of insulating medium. Transformer oil is used as an insulation and arc-quenching medium in power and distribution transformers. Windings use cellulose insulation that has a strong affinity for oxygen and is immersed in transformer oil to prevent oxidation. Transformer oil is produced by the fractional distillation and subsequent processing of crude oil. It also finds application in circuit breakers and switchgears, which are traditional and use oil as the arc-quenching fluid. The global demand for renovation and expansion of the T&D network is on the rise, mostly triggered by the growing demand for electric power from almost every type of end-user, namely residential, commercial, and industrial sectors.

Endoscopy is a minimally invasive (MI) medical procedure that is used for the diagnosis, prevention, and treatment of complications in the internal organs of the body. A neurology endoscopy device, which is a type of endoscope, is inserted into the patient's brain through a small incision. The camera or the light source at the tip of the endoscope allows the physician or medical professional to view the brain and perform complex surgeries. Neurology endoscopy devices are used to perform brain tumor, brain cancer, traumatic brain injury (TBI) and stroke-related surgeries. Brain tumor is one of the most common condition for which there is growing adoption of minimally invasive treatment. Increasing number of brain tumor cases in pediatrics and adults is driving the demand for neurology endoscopy devices in the market.

Nanosensors have the capability to measure different kinds of forces and reactions (mechanical, chemical, electromechanical, or biological) due to their compact size. The rising demand for accurate measurements in industries such as healthcare and military and defense have increased the adoption of nanosensors worldwide. The use of nanosensors can revolutionize the healthcare industry. Scientists and researchers across the globe are working on discovering new applications of nanosensors, especially in the healthcare sector. Nanosensors facilitate precision diagnostics and effective care for a number of sensitive health conditions. In the defense and military sector, nanosensors facilitate the efficient monitoring and tracking of operations apart from providing access to remote locations. One of the recent developments in the global nanosensors market is the use of nanosensors that facilitate self-healing of materials in the construction and aviation industries. With large international companies and organizations such as Airbus, OMRON, and MIT conducting research and investing in the global nanosensors market, it is highly likely that the growth prospects of the market will be strong during the forecast period.

The global lock market covers the safety and security aspects of residential, commercial, and industrial spaces. Locks are offered in mechanical and electronical forms. The global lock market has been witnessing growth across regions due to increasing awareness about high-tech security systems among various end-users. Also, the deployment of smart solutions in developed and developing economies is driving the growth of the global lock market. Increasing security concerns across regions is driving the need for the installation of high-security locking systems in residential and commercial spaces. With the changing technology, vendors offer locks with highly sophisticated security systems. Electronic locking systems are high-tech offerings. Electronic locks are loaded with high-tech features that are integrated electronically to create smart systems.