New Product Development
According to a recent study done by FMI, the Digital Pump Market is expected to reach US$ 20.5 Billion by 2032, up from US$ 11.3 Billion in 2022, expanding at a high CAGR of 6.1%. This study explains that factors such as the strict energy-efficiency standards, growing technological advancements, development of smart cities, growing demand for building automation and increasing power …
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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 …
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 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 …
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 …
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 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 …
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 …
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 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, …