According to a new study of Future Market Insights (FMI), the automotive remote diagnostics market is projected to record a CAGR of nearly 18% through 2028. Growth of the automotive remote diagnostics market will continue to remain bolstered by a plethora of factors, which range from increasing focus of automakers on reducing maintenance cost & downtime and …
Monthly Archives: October 2022
Intra-Abdominal Pressure Measurement Devices Market Size & Share | Industry Trends Analysis Report by 2032
The intra-abdominal pressure measurement devices market share is anticipated to reach a worth of US$ 89.4 million in 2022 and continue to grow at a CAGR of 12.8% from 2022 to 2032, reaching an estimated total of US$ 298.04 million by 2032. The report predicts adoption of intra-abdominal hypertension (IAH) to witness steady adoption in …
The Industrial Automation Market Is Forecast To Reach US$51 Billion By 2026. According To FMI
The global Industrial Automation Market is predicted to grow at a high CAGR of 7% during the forecast period, reaching a valuation of US$ 51 billion by 2026, up from US$ 36 billion in 2021. The smooth flow of information across many units in an industry enables for the most efficient conversion of raw materials to finished goods, stressing the necessity …
According To FMI, The Shot Blasting Machine Market Is Expected To Expand At A 5% CAGR.
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 across …
Top Trends and Industry Overview for the Domestic Booster Pumps Market from 2022 to 2030
The market for domestic booster pumps worldwide, which is currently valued at US$ 2.68 billion, is anticipated to grow at a CAGR of 7.1% from 2022 to 2030, reaching US$ 4.63 billion. In 2020, domestic booster pump sales made up 28% of the market for booster pumps worldwide. Over the next few years, it is anticipated that rising urbanisation in China …
By 2030, FMI Projects That Sales Of Power Generators For The Military Will Reach $1.44 Billion USD
By the end of 2021, the total value of sales of power generators for military use was estimated to be around US$1.06 billion. By 2030, it is anticipated that the global market for military power generators will grow at a 3.5% CAGR and reach a value of US$ 1.44 Bn. The power generator for the military market accounted for 15% market share of the …
Transportation Condensing Units Market Estimated to Expand at a Robust CAGR By 2032 – FMI
As per the report published by FMI, the global commercial transportation condensing units market is projected to have a moderate-paced CAGR of 5.7% during the forecast period. The current valuation of the market is US$ 2.8 Billion in 2022. The market value of the transportation condensing units market is anticipated to reach a high of …
The Power Tool Gears Market Is Forecast To Reach US$8.38 Billion By 2030: FMI
According to FMI’s analysis report, the global power tool gears market was valued at US$ 5.63 Bn in 2021, and is estimated to exhibit a CAGR of 5.1% over the forecast period of 2022-2030, with a strong impact being felt due to the current shutting down of manufacturing industries in emerging markets in the initial period of …
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The Market for Switched Reluctance Motors is Forecast to Reach Nearly US$ 950 Million by 2032: FMI
The global switched reluctance motors market size was valued at approximately US$ 499.3 Mn in 2021 and is expected to exceed a valuation of nearly US$ 950 Mn by 2032, exhibiting a strong CAGR of 6.28 percent during the forecast period (2022-2032). The increasing use of switched reluctance motors in electric vehicles, fuel pumps, electric power steering, …
Global Optical Current Transformer Market Forecasted to Reach US$ 322.7 Mn in 2032
By 2032, the market for optical current transformers will be worth US$ 322.7 million, up from US$ 145.4 million in 2022, growing at a CAGR of 8.3%. Oil and gas insulation is not necessary, which encourages the expansion of the optical current transformer market share. Due to their smaller size and lighter weight, optical current transformers continue to be in demand. …