The conveyor system market saw steady growth in 2021 with worldwide revenues up 3.5% year over year. Future Market Insights (FMI) has forecast the conveyor system market to reach US$13.7 billion in 2021 at a CAGR of 4.5%, backed by increasing mergers & acquisitions by Tier-1 companies and integration of machine learning and internet of things in material handling solutions. Conveyor …
Monthly Archives: March 2022
Electric Motor Market Valued At Over US$104 Bn In 2021, Will Expand To Over 5.1% CAGR From 2021 To 2031: FMI
The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units. Global sales of electric motors will be valued at over US$104 Bn in 2021, with a stable long-term projection, according to …
Barcode Scanner Market Is Expected To Grow At A CAGR Of Over 7.6% Between 2021-2031
The global barcode scanner market is estimated to be valued worth US$ 7 Bn in 2021, according to FMI. The market is expected to register robust growth on the backdrop of healthy demand from retail, e-commerce and logistics, healthcare, and manufacturing sectors. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-2871 The advent of barcode technology …
U.S. High Pressure Processing Market is expanding at a CAGR of 16.7% during 2016-2026
In its latest report, Future Market Insights (FMI) has identified few of the major trends governing the overall market for high pressure processing equipment (HPPE). In brief, rapid adoption of high pressure processing technique among premium juice manufacturers, automation and technological innovation and growing number of HPP tolling service providers are playing a major role in shaping the market …
Global Barcode Printers Market Projected to Register a CAGR of 7.4% Between 2016 -2026
The global Barcode Printers market is projected to register a CAGR of 7.4% in terms of sales over the forecast period of 2016 to 2026 primarily driven by factors affecting its end-use. Barcode printers are dedicated printing devices utilized for printing barcodes and product labels. Barcode printers differ slightly from traditional printers as these printers use different types of consumables to achieve …
Global Solar Micro Inverters Market to expand at a 16.6% CAGR over the forecast period
The global solar micro inverter market is expected to reach US$ 488.2 Mn by 2016 end and expand at a 16.6% CAGR over the forecast period (2016-2026).Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. Unlike conventional string/central inverters, a micro inverter works on Module Level Power Electronics i.e. power conversion takes place …
Lead Acid Battery sales to increase at 5.2% CAGR between 2021 and 2031 : FMI
The global sales of lead acid battery are set to be valued at over US$ 54.3 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report has forecast the market to expand at over 5.2% CAGR between 2021 and 2031. According to the market analysis by Future Market …
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Industrial PC Market to Reach US$ 9.4 Bn by 2032; Innovation to be a Key Driver : FMI
The industrial PC market size was worth US$ 5 billion in 2021 and is expected to reach US$ 9.4 billion by 2032, increasing at a CAGR of 6% over the forecast period as indicated by the industrial PC market report by FMI. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-14310 Automation, digitization, and other technological innovations …
Industrial Automation Market to Register a 7% CAGR : FMI
According to the industrial automation market analysis by Future Market Insights (FMI), the market is poised to attain a CAGR of 7% during the forecast period 2022-2032. The industrial automation market growth can be attributed to rising demand for real-time data analysis across geographies and increased adoption of cutting-edge technology across end-use industries to improve performance. Get | Download Sample …
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Global Biocomposites Market Is Expected To Increase At A Robust CAGR Of 16% During 2022-2032
Over the forecast period, the global biocomposites market is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Bn in 2021, the biocomposites market is anticipated to reach US$ 128 Bn by 2032. The increased research and development efforts for composite materials and biocomposite uses and benefits such as recyclability, lightweight, and cost-effectiveness are driving …