New Product Development
The global bot services market stands at US$ 1.6 Bn at present and is expected to reach US$ 18 Bn by the year 2032 at a whopping CAGR of 27.1% between 2022 and 2032. The e-Commerce and BFSI sectors are more into usage of chatbots. Enterprises do adopt chatbots for internal tasks as well as …
Continue reading “Bot Services Market is Expected to Increase at US$ 18 Bn by the year 2032 | FMI”
The global Industrial Automation Market is expected to have a significant CAGR of 7% during the forecast period to reach a valuation of US$ 51 Bn by 2026, up from US$ 36 Bn in 2021. The efficient flow of information across multiple units in an industry allows for the most efficient conversion of raw materials to completed goods, emphasizing the importance …
As per the plain bearing market report by FMI, the global market is expected to be worth US$ 10 billion in 2021 and US$ 17 billion by 2032, growing at a modest CAGR of 5% over the forecast period. The rise of plain bearing applications is propelling the market forward. In addition, increased infrastructure spending, emerging technological projects, and heavy machinery development in China, India, the …
These masts are used where the drones and other surveillance equipment cannot be used. Growing demand for telescope masts Market and pneumatics in the commercial sector is expected to drive sales at a 4.9% CAGR over the forecast period.North America is anticipated to hold a dominant share in the market due to increasing investments in …
Continue reading “Telescopic Masts Market by Segmentation type— Global Forecast to 2032”
The power device analyzer market is projected to advance at a modest rate with a CAGR of 5% during the forecast period 2022-2032, as per the power device analyzer market report by Future Market Insights (FMI). Asia-Pacific is expected to reign the market in the coming years as its growth is being aided by an increase in demand for electric vehicles …
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 …
Continue reading “Shot Blasting Machine Market Size Predictions : US$ 1.8 billion by 2031”
Between 2016 and 2020, the Europe water pumps market extended at a CAGR of over 0.5%. Many of the important advances in pump technology have their origins in long-established European enterprises, which have been aided by a variety of specialist technical groups as well as government funding. Future Market Insights (FMI) expects the Europe water pumps market to …
According to the latest Future Market Insights (FMI) analysis, sales in the gas protected substation market are expected to top US$12.5 Bn by 2021. The growth outlook remains positive as the market is assessed to register a 5.7% CAGR between 2021 and 2031. FMI has identified General Electric, Hitachi Ltd., ABB, Infosys, SIEMENS AG, and Mitsubishi Electric Corporation as …
As per a Future Market Insights (FMI), the Africa zero liquid discharge system market is projected to total US$ 27.7 Mn in 2021, growing at a positive 5.4% CAGR over the assessment period, from 2021 to 2031. Product innovations in zero liquid discharge systems, along with robust aftersales service network and product customization offered by key market players are …
Sales of industrial hoses in China are set to be valued at US$ 986.5 Mn in 2021, with a steady long-term projection, according to latest data by Future Market Insights. The report estimates the market to expand at over 7% CAGR from 2021 to 2031. Steady demand from the automotive industry and energy applications drives sales. The …