The global surge arrester market is expected to reach US$ 1.5 billion in 2021, representing a 4.1 percent year-on-year increase. Surge arrester sales are predicted to grow at a CAGR of 5.0 percent, reaching a valuation of US$ 2.6 billion by 2032. Growth can be ascribed to rising global energy demand, growing industrialization, and improved …
Monthly Archives: June 2022
Electronic Equipment Repair Service Sees a Higher Potential Due To Government Initiatives Like E-Waste Management : FMI
According to the market analysis report by Future Market Insights (FMI), the electronic equipment repair service market is forecasted to reach a net worth of US$ 228.2 Bn in 2032 growing up from US$ 121.2 Bn in 2022. It is estimated to witness an impressive CAGR of 6.5% through these years. With the improving economic conditions and development of worldwide electricity network systems, there …
Industrial Cybersecurity Market Develop Due To Increasing Usage of Technologies 5G Networks, Big Data, and Artificial Intelligence (AI) Across Industries
As per the high-quality report of FMI, the industrial cyber security market is predicted to increase at a CAGR of 7.7%, from USD 20.7 billion in 2022 to USD US$ 43.5 Bn in 2032. The driving factors of increased demand for industrial cyber security products in the power industry. The pandemic caused chaos in the global economy at the start of 2020, causing unprecedented chaos and …
Hazardous Area Equipment Market Is Being Driven By The Growing Demand For Equipment In Several Industries: Future Market Insights Inc.
Factors such as the growing importance of emerging economies result in the rise of a variety of industries that rely heavily on hazardous area equipment, which frequently drives the global hazardous area equipment market. The global hazardous area equipment market was valued at US$ 8.84 billion in 2021 and is expected to reach US$ 15.43 billion by …
Global Biocomposites Market Is Expected To Increase At A Robust CAGR Of 16%, From 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. Request a Sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14293 The increased research and development efforts for composite materials and biocomposite uses and benefits such as …
Demand for District Cooling Market, Key Contributors, Emerging Trends, Growth Factor, Key Trends And Forecast 2022-2032
According to a recent analysis issued by FMI, the district cooling market share is likely to reach US$ 1.28 billion by 2032, with a projected CAGR of 3% during the forecast period. According to the study, the increased demand for energy-efficient cooling technology has a proportional impact on district cooling adoption. Rapidly rising temperatures and the proven …
Shot Blasting Machine Industry is set to reach a valuation in excess of USD 1.8 Billion in 2031: FMI
As per a recent market survey by Future Market Insights, sales in the global shot blasting machine market are expected to increase at a healthy 5% CAGR, reaching a valuation of US$ 1.8 Bn in 2031. Shot blasting machines play a vital role in the metal industry. With increasing demand from industries such as aerospace and automotive, sales will rise …
Gas Insulated Substation Industry Is Assessed To Register 5.7% CAGR By 2031: FMI
According to the latest Future Market Insights (FMI) analysis, sales in the gas protected substation market are expected to top US$12.5 Bn by 2021. The growth outlook remains positive as the market is assessed to register a 5.7% CAGR between 2021 and 2031. FMI has identified General Electric, Hitachi Ltd., ABB, Infosys, SIEMENS AG, and Mitsubishi Electric Corporation as …
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China Industrial Hoses Market: Cryogenics and Air Separation Applications to Reflect 7.1% CAGR: FMI Study
In 2021, the China Industrial hoses market is estimated to record 5.7% year on year growth, bucking initial scepticism about how the market would perform during a global pandemic. In China, the total demand of industrial hoses is expected to reach 548 Mn Meters by 2031. According to the analysis by Future Market Insights (FMI), the China industrial …
Reverse Osmosis Pumps Demand to Soar, Centrifugal Pumps to Account for Over 69% of Sales: Future Market Insights
The global reverse osmosis pump market size is anticipated to surpass a valuation of US$ 6 billion in the year 2021, as per a study by FMI. Driven by the increasing applications in the water treatment and oil and gas sectors, the market for reverse osmosis pumps is expected to total US$ 14.2 billion by 2031, growing at a CAGR of 8.9% …