By the end of 2022, the global electrical enclosure market is expected to exceed US$ 46.64 billion. The growing use of electrical enclosures in applications such as electricity transmission and distribution, transportation networks, and energy and power is expected to drive market growth. According to a comprehensive study conducted by Future Market Insights (FMI), the global electrical enclosure …
Monthly Archives: August 2022
Between 2021 And 2031, Sales Of Centrifugal Pumps Will Increase At A CAGR Of 4.6%: FMI
The Centrifugal Pumps Market is expected to grow favourably through 2021, with a global valuation exceeding US$ 29 billion in that year. According to FMI, global sales of centrifugal pumps are expected to grow at a CAGR of 4.6 percent between 2021 and 2031. The agricultural sector will grow faster than industrial applications, which are …
Retail Printers And Consumables Markets Are Expected To Grow At A Healthy 5.3% And 5.0% CAGR’s, Respectively: FMI
The Global Retail Printers and Consumables Market is expected to grow at a healthy CAGR of 5.3% and 5.0%, respectively, in terms of value from 2017 to 2027, owing primarily to increased application in end-use industries. Xerox Corporation, Sun Chemical Corporation, Siegwerk Druckfarben AG &Co. KGaA, H.P. Development Co., Saati S.P.A, Nazdar Ink Technologies, Canon Inc., DIC Corporation, Eastman …
According To FMI, Substation Automation Market Is Expected To Reach US$ 67.29 Billion By 2031
In 2021, the value of the substation automation market is expected to exceed US$ 37.48 billion. Sales of retrofit conventional substations will increase through 2031 due to high demand. Substation automation will continue to be widely used across manufacturing units. Future Market Insights (FMI) predicts that sales in commercial and civic power utilities, as well as oil and gas …
Lead Acid Battery Market Is Anticipated To Nearly Double By 2031, According To Future Market Insights
The lead-acid battery market is expected to be worth $54.3 billion in 2021. According to Future Market Insights (FMI), lead-acid battery sales will grow at a 5.2% CAGR between 2021 and 2031. According to the study, the total market value will exceed US$ 90.5 billion by 2031. According to FMI, the demand for AGM batteries is expected to rise rapidly, with …
Process Automation And Instrumentation Market Is Expected To Grow Rapidly, Reaching US$ 174,121 Mn By 2027, According To FMI
Process Automation and Instrumentation Market Growth is Important for Semiconductor Manufacturers and Software Vendors Process automation entails the use of software, hardware, and computing technology to enable end-use industries such as cement, oil and gas, chemical, and paper to operate more safely and efficiently. The data is stored and analysed on a computer using sensors that …
Pneumatic Actuator Market Is Expected To Grow At A 5% CAGR Through 2031, According To FMI.
The market for pneumatic actuators is expected to grow at a CAGR of more than 5% through 2031. Pneumatic actuator demand has skyrocketed in recent years as a result of increased applications in a wide range of industries, including offshore, transportation, and industrial automation, to name a few. Although the COVID-19 outbreak temporarily slowed the growth of the …
Marking and Coding Equipment Market Assessment and Key Insights Analyzed Till 2027
The worldwide marking and coding equipment market is assessed to esteem at US$ 1.3 billion out of 2022 and is projected to arrive at US$ 1.8 billion by 2027, at a CAGR of 5.6%. A new market research report entitled Marking and Coding Equipment Market Size, Share, Growth, Industry Trends, and Forecast, done by our exploration group …
Barrier Shrink Bags Market Set for Huge Expansion during 2022-2027
The barrier shrink bags market revenue totaled US$ 2.0 Bn for 2021, according to FMI. The overall barrier shrink bags market is projected to expand 1.4 times the current market value by the end of 2027. The demand for barrier shrink bags will accelerate with the top 5 companies estimated to hold 40-45% of the barrier shrink …
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Drum Liner Market Focusing on Current Trends, Leading with Top Key Players
According to Future Market Insights (FMI), the drum liner market would grow at a 3.9 percent CAGR between 2022 and 2030. Drum liners are used in a variety of industries, including food and beverage, automotive, and others. The demand for industrial, chemicals, and lubricants is expected to grow at a rate of about 4% throughout the projection …
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