New Product Development
The global baby cribs market size is expected to reach US$ 4.77 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~6.50% between 2022 and 2032. According to the report, rise in birth rates in developing countries and rapidly growing demand …
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Witnessing the industry’s much-anticipated shift from the traditionally preferred gypsum board to sustainably superior spray foam, the global air barrier market value will exceed US$ 16,932.8 Mn by 2022 end. A recent research study by Future Market Insights (FMI) suggests that the overall growth of the market for air barriers will be moderate during the period forecast, 2022 – …
The global diamond core drilling market will grow at a healthy 6 percent CAGR, Future Market Insights (FMI) predicts, surpassing a market value of US$ 1.8 Billion. Due to key manufacturers’ intense focus on product customization and automation, sales of diamond core drilling are anticipated to rise. According to the report, the market is anticipated to grow at a …
A new Future Market Insights (FMI) study forecasts robust growth prospects for the global carbide tools market, prominently driven by fostering rate of adoption for automotive and fabrication applications. Sales in the global carbide tools market are slated to top US$ 7.0 Bn in 2022. Expanding at a healthy 7.2% CAGR, the market size is projected to total US$ 10.7 Bn by 2029. …
Global electric sub-meter sales were valued at around US$ 9.74 Bn at the end of 2021. The market is projected to register 3% CAGR and reach a valuation of US$ 12.8 Bn by 2030. Sales of electric sub-meters accounted for approximately 35% share of the global electric meters market in 2021. Smart sub-meters continue to carve out a significant share in overall electric sub-meter sales. According …
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As per Future Market Insights (FMI) analysis, the bulk material handling system market revenue is expected to reach US$ 5.1 Bn in 2021. The incorporation of remote user connectivity and interface in equipment and the use of telematics-based services by original equipment manufacturers (OEMs) will drive the market, yielding a year-on-year growth of 2.10% in 2021. Construction and mining industries are …
The global synchronous condenser market reached about US$ 1.01 Bn in 2022 with an annual growth rate of 7.9%. However, due to increasing synchronous condenser adoption across a range of end-use industries, it is anticipated that the market as a whole will grow at a healthy CAGR of 8.2% between 2022 and 2029, reaching a total valuation of US$ 1.76 Bn by that year. …
Market analysts predict that the industrial vacuum cleaners market will grow from US$ 569.1 million in 2022 to US$ 944.81 million in 2032. Over the course of the anticipated period, the market is anticipated to grow at a CAGR of 5.2%, according to FMI. The demand for industrial vacuum cleaners is rising as end-user companies show an increased interest in hygiene, health, …
The demand for heating and ventilation systems has increased in recent years, which has helped the variable frequency drive (VFD) market grow as a result of increased opportunities for infrastructure development in emerging regions. With the aim of minimising costs and reducing operational downtime, VFD development is currently shifting towards providing industry-specific solutions, spurring a slew …
The facility management services market is anticipated to grow from US$ 42.2 billion in 2021 to US$ 76.3 billion in 2026, with a CAGR of 12.6% during the forecast period. The demand for cloud-based facility management solutions and a rise in the demand for facility management systems integrated with intelligent software are two factors that are likely to accelerate the …
