The battery management system market is projected to observe growth at a CAGR of 17.8% and is likely to touch a valuation of USD 37715.01 bn by 2032, while it holds a revenue of USD 7329.28 Mn in 2022. High Penetration of Electric and Hybrid Vehicles Push the Demand for Battery Management System. Proliferating fuel prices along with the advent of high-performance hybrid …
Monthly Archives: November 2022
Torque Gauge Market is Expected to Reach US$ 12.7 Billion by 2032 | FMI
The torque gauge market is anticipated to grow from US$ 6.9 Billion in 2022 to US$ 12.7 Billion by 2032, at a compound annual growth rate (CAGR) of 6.3% between 2022 and 2032. As of 2021, the market value of torque gauge was valued at US$ 6.6 Billion, and is forecast to register a Y-o-Y growth rate of 4.5% by 2022. Torque gauge is a type …
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Environmental Test Chambers Market is Estimated to be Valued at US$ 880 Mn in 2022
The environmental test chambers market is estimated to be valued at US$ 880 Mn in 2022 and is anticipated to reach US$ 1.2 Bn by 2032, growing at a CAGR of 3%. As per the FMI’s latest report on environmental test chambers market, constant technological improvements and tight regulatory criteria are expected to boost the growth of the environmental test chambers …
Viscometers Market is Expected to Grow at a 6.9% CAGR in 2031 | FMI
The viscometer market is expected to reach US$ 300.4 million in 2021, growing at a CAGR of 6.9% between 2021 and 2031. Despite marginal decrease in sales, the market is set to register impressive year-on-year growth at 6.4% CAGR in 2021. The increasing demand from research, testing and certification agencies has improved viscometer market growth. Also, recovery of production across various industries, …
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Universal Testing Machine Market is Expected to Observe a Steady Growth Rate by FMI
The universal testing machine (UTM) market continues to observe a steady growth rate. Towards the end of forecast period, global universal testing machine market revenues will exceed US$ 590 Mn, as projected by a new Future Market Insights (FMI) report. Owing to their simple test fixture and minimum sample machining requirement, four column testing machines continue to define …
Cable Fault Locator Market is Expected to Reach US$ 784.0 Mn in 2022 | FMI
The cable fault locators is projected to increase at a robust 8.5% CAGR by volume between 2022 and 2029 reaching a value of about US$ 784.0 Mn by 2022 end. Handheld cable fault locators currently account for a majority of sales. Continued preference of end users towards these cable fault locators will remain a prominent trend shaping growth of market …
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Trace Oxygen Analyzer Market to be Worth US$ 2,064.5 Mn by the Year 2032 | FMI
The Trace Oxygen Analyzer Market are set to be valued at over US$ 1.2 Bn in 2022, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.6% CAGR from 2022 to 2032. The trace oxygen analyzer market has experienced a slight but impactful decline in its demand …
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Agriculture Testing Services Market is Expected to Observe a CAGR of ~ 6% over-2028
The agriculture testing services market size was valuated at ~US$ 4 Bn in 2018. The agriculture testing services market is expected to observe a CAGR of ~ 6% over-2028. On the basis of end users, the agriculture testing services market has been segmented into farmers, agricultural consultants, fertiliser manufacturers, research bodies, and others. On the basis of region, the agriculture testing …
Cardiac Reader System Market is Projected to Observe a CAGR of More than 5% 2027
The global cardiac reader system is expected to observe a CAGR of More than 5% over 2027.. As depicted in a new research study of Future Market Insights (FMI), benchtop analyzers continue to account for over 80% of overall sales of cardiac reader systems. Although the compact analyzer modularity is seemingly gaining ground, recently, owing to the convenience …
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DSL Tester Market is Expected to Grow at a 5% CAGR Due to Growing Demand for High-Quality DSL Testers
The global DSL tester market is estimated to grow at a CAGR of over 5% throughout the forecast period. Worldwide sales of DSL testers were closed in at a valuation of US$ 1,008.9 Mn, adds the report. The DSL tester market is estimated to witness exponential growth during the forecast period, on account of a burgeoning number …