New Product Development
Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, at a CAGR of 4.6%, from an estimated USD 24.3 billion in 2021. Increasing investments in construction industry attributing to rapid urbanization, and high demand for centrifugal pumps in the agricultural sector are the key factors driving the growth of …
Continue reading “Centrifugal Pumps Market Outlook Compared to Forecast by the End of 2031”
Global sales of electric motors are set to be valued at over US$ 104 Bn in 2021, with a stable long projection, in line with the most recent insights by Future Market Insights (FMI). a replacement report estimates the market to expand at over 5.1% CAGR from 2021 to 2031. The electric motors market however registered a moderate decline …
According to the market analysis by Future Market Insights, the expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead-acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years. The call for lead-acid batteries is increasing with …
For instance, Voestalpine Böhler has acquired Selco s.r.l., a prominent welding machine producer in Italy. The company is aiming to become a full welding solutions provider in the welding sector and fortify its market position. It will also offer a seamlessly coordinated combination of welding machines and welding consumables. Market players are inclining towards automation at diverse …
Continue reading “Welding Consumables Market to Reach a Valuation of US$ 26.82 Bn by 2030”
Future Market Insights, an ESOMAR-certified market research provider, opines that the long-term outlook for the hydrogen electrolyzer market will remain optimistic with growth pegged at 10% through 2030. It is a device that utilizes strength to interrupt water into oxygen and hydrogen in a process known as electrolysis. It incorporates a cathode, an anode, and a membrane. …
Demand for vibration control systems is likely to witness a revival in 2021, according to the latest edition of the study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study also finds that a significant percentage of industry players are confident of growing investments in automation, a strategy stalled by COVID-19 outbreak. However, the pace …
Up from the revenues worth US$ 71.8 Bn Estimated in 2022, the global market for industrial valves is projected to witness modest growth by the end of 2029. A new market research report by Future Market Insights (FMI) suggests that the increased exploration activities for new water sources will predominantly favor the growth of the market over the …
The North America variable frequency drive market is projected to reach US$ 7.79 Bn in revenues by 2027, according to a new research by Future Market Insights. In terms of volume, 6.25 million units of variable frequency drivers are expected to be sold in North America in 2017. The U.S. will continue to dominate sales, accounting for …
9th June, Mumbai: Future Market Insights (FMI) in collaboration with Plant Based Food Industry Association (PBFIA) launched a market report ‘Growth opportunities and winning imperatives in the Global and Indian Plant based Industry’ at the Inter Food Tech Conclave, held at Bombay Exhibition Center. Considering the Indian outlook of the plant-based industry, India seems to be in early stages for plant-based meat substitutes, …
Future Market Insights delivers key insights on the global thioesters market in its latest report titled ‘Thioesters Market: Global Industry Analysis 2017-2021 and Opportunity Assessment 2022-2028’. The long-term outlook on the global thioester market continue to be in a positive direction, with market value expected to increase at a CAGR of 4.6 % over the forecast period (2022-2028). Further …