New Product Development
With a 28.3% share of the steel pipe market, North America has a significant impact. The pipeline network is expanding, energy and infrastructure projects are increasing, steel pipes are in greater demand in the vehicle industry, power plant capacity is increasing, and the oil and gas industry is booming, all of which are driving the steel pipe …
Continue reading “The Steel Pipe Market In North America Has The Highest CAGR At 28.3%.”
According to a recent market report by Future Market Insights (FMI), the worldwide automotive die casting lubricants market is anticipated to reach US$ 118.4 Mn in 2021, rising at a 4.1 percent CAGR over the assessment period. Global demand for automotive die casting lubricants increased 3.8 percent year over year (YoY) in 2021, reaching 28,138 …
By the end of 2022, the market for chopper pumps is anticipated to have grown by 4.5 percent year over year, or US$ 818.4 Mn. The market for chopper pumps is anticipated to grow at a CAGR of 5% in the future, reaching a valuation of US$ 1.21 billion by 2030. (2022-2030). The surging popularity of chopper pumps is ascribed to their growing applications …
The global smart locks market size was worth US$ 3.2 billion in 2022, and it is expected to grow at a CAGR of 18% to reach US$ 16.8 billion by 2032. Residential owners’ attraction to not having to carry around mechanical keys is predicted to result in a spike in smart lock sales. The demand for smart locks is increasing globally due to …
Continue reading “Smart Locks Market is Projected to Register a CAGR of 18% Through 2032”
The laser welding equipment market is likely to grow by US$ 373 Mn by 2025, exhibiting a CAGR of 4.8% during the forecast period 2022-2032. Because of advances in laser technology, laser beams are now widely used and considered “commonplace.” Many different types of materials can be welded using the laser welding technique. Materials with a higher melting point …
Continue reading “Market For Laser Welding Equipment Is Anticipated To Grow By US$ 373 Million.”
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. Compressed air solutions, which are increasingly being used to improve production, are in high demand in the …
The global market for ESD safe matting is anticipated to be worth US$ 101.72 million in 2022, rising to US$ 147.71 million by 2032. During the projected period of 2022-2032, the market is expected to grow at a CAGR of 3.8 percent. The increasing use of ESD-Safe Mat in industries such as table, bench, monitor, and floor is moving the global ESD-safe …
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The global tower crane rental market is projected to top US$ 6.49 Bn in 2021, according to a recent market analysis by ESOMAR-certifies consulting firm Future Market Insights (FMI). With a favorable demand outlook, the market is estimated to grow at a 5.7% CAGR, reaching 54,685 units in terms of volume. Demand for tower crane rental plummeted in 2020 due …
Increasing need for the wooden residential buildings for instance, multifamily apartments and single-family homes with increasing design flexibility and aesthetic appeal is driving the residential application in cross laminated timber market at a rapid pace. Improving fire-resistance quality as well as earthquake-proof facilities provided by cross laminated timber is likely to enhance global market growth during the …
Global fragrance diffuser market demand is projected to be valued at nearly US$ 27.75 Billion in 2022, forecast to grow at a CAGR of 7.08% to be valued at approx. US$ 55 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction. The fragrance diffuser disperses natural oils into the air and …
Continue reading “Fragrance Diffuser Market to Achieve A High CAGR Of 7.08% Through 2032”
