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The compressed air filtration and dryer system market is predicted to grow at a moderate CAGR of 6% during the forecast period. The compressed air filtration and dryer system market is likely to reach nearly US$ 9.8 Bn by 2032 from US$ 5 Bn in 2021. The food and beverage industries are in high demand for compressed air solutions, which are increasingly being …
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As per a new market research report on the electrical digital twin market published by Future Market Insights, the sales of electrical digital twin will advance at a CAGR of 12 % from US$ 0.9 billion in 2021 to US$ 3.13 billion in 2032. Demand for electrical digital twin is being driven by the increased acceptance of innovative technologies such as IoT and …
According to Future Market Insights (FMI), the utility cases market is projected to surpass US$ 54.1 Bn, expanding at a 4% CAGR between 2022 and 2032. Due to increasing efforts of product manufacturers to develop novel goods, the utility cases market is expected to rise steadily in the coming years. The utility cases manufacturers are stepping up …
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The global tableware market is expected to reach a valuation of US$ 44.5 Bn by 2022, with sales growing at a 5.6% CAGR over the forecast period. Changing purchasing behavior influenced by the developing domestic segment and increasing urbanization will drive the sales of tableware. People in cities are progressively adopting a western lifestyle in several emerging economies, driving the tableware …
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It also saves money on maintenance because it outlasts all other steels. The use of wear-resistant steel plates reduces the weight of the equipment by 30-40%. As a result, the global wear plates market is expected to grow at a CAGR of 6.3 percent between 2021 and 2031. According to Future Market Insights (FMI), the wear plates market is …
The global bottles market is expected to reach a market valuation of US$ 108.0 Bn by the year 2022, accelerating at a CAGR of 5.0% by 2022-2032. Future Market Insights (FMI) has predicted the bottles market size to top US$ 108 Bn in 2021. The packaging industry produced 146 million tonnes of plastic and waste generation by the industry was 141 …
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The global tapes market is growing at a CAGR of 4.8% in the forecast period. Surging demand for masking and pressure sensitive tapes will result in high growth of the market. During 2015-2021, the global tapes market grew at a CAGR of 3.4%. The period saw the arrival of new market participants and product advancements, which fueled …
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Future Market Insights (FMI) predicts the global packaging bins market size to top US$ 3 Bn in 2032, up from US$ 2 Bn in 2022. Driven by surging demand for bulk packaging, the market is poised to grow by 4.4% between 2022 and 2032. Bulk bins are packaging solutions used for storing and transporting bulk materials/contents. These …
Future Market Insights (FMI) predicts the global sales in the jar market to top US$ 61 Bn in 2032 from US$ 42.2 Bn in 2022. Jars are the rigid packaging solution made from plastic, glass, metal, or paper material that are durable and cost-effective. They are used in different industries such as food & beverages, pharmaceuticals, cosmetics …
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Future Market Insights (FMI) expects the europe water pumps market to expand at over 3.6 % CAGR through 2031. Between 2016 and 2020, the Europe water pumps market expanded at a CAGR of over 0.5%. Many of the significant advances in pump technology have their origins in long-established European enterprises, which have been aided by a variety of specialist technical groups …
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