The growth of global shunt reactor market is linearly associated with energy demand worldwide, states a new study by Future Market Insights (FMI). Consumption of primary energy stood globally at 576 exajoules in 2019, with China, the US, and India leading the way. Alerted by the increasing carbon footprint, the industrial sector is rapidly investing in renewables, …
Monthly Archives: December 2022
U.S. is expected to be the largest market in North America and reach US$ 40.4 Bn by 2031 – Future Market Insights, Inc
In 2021, the electric motor market is expected to grow annually (YoY) by 4.2% and reach 1.2 billion units. According to the report, demand for AC motors increased by 5.1% to 837 million units in 2021, while demand for DC motors will increase by 2.2% to 339 million units. According to Future Market Insights (FMI), North America …
The Market For Commercial Refrigeration Equipment Is Projected To Increase At A CAGR Of 4% From 2022 To 2028 – Future Market Insights, Inc
By the end of 2022, the market for commercial refrigeration equipment is anticipated to be worth US$ 51.8 Bn, with sales increasing 3.9% year over year. By 2028, it is anticipated that the global market for commercial refrigeration equipment will be worth US$68.3 billion, growing at a CAGR of 4%. (2022-2028). In 2020, commercial refrigeration systems held a 40% market share …
China, The U.S., India, Germany, Japan, And South Korea Are Among Leading Markets For Lead Acid Battery, Exhibiting Consistently High Demand
The lead acid battery market is expected to be worth it. $54.3 billion in 2022 According to Future Market Insights (FMI), lead acid battery sales will grow at a 5.2% CAGR between 2022 and 2032. According to the study, the global lead acid battery market will be worth $90.5 billion by 2032. According to FMI, the demand for AGM batteries is expected to …
The Demand In China Is Expected To Increase By 6.2% CAGR Between 2022 And 2028 On Value Basis – Future Market Insights, Inc
According to Future Market Insights (FMI) the Global Emulsion Explosive Market is to grow with a year-on-year growth of 5.1% in 2022 reaching a value of about US$ 2,634.3 Mn by 2022 end. Witnessing moderate expansion of more than 4% in consumption volume, the emulsion explosive market is slated for a steady growth outlook over the forecast period of 2022-2028. Water-resistant capabilities of …
Industrial Oxygen Market is Anticipated to Touch a Value of nearly US$ 158.02 Billion in the year 2033
The global industrial oxygen market is projected to grow from its 2023 valuation of US$ 70.54 Bn to its projected 2033 worth of US$ 158.02 Bn. In terms of volume, oxygen is one of the world’s most in-demand gases. Oxygen and its compounds are used in a wide range of sectors, from steel manufacturing and …
Oilfield Chemicals Market is Projected to Accelerate at a CAGR of 4.2% by end of 2029
Future Market Insights, in its latest report titled ‘Oilfield Chemicals Market: Global Industry Analysis 2014 – 2021 and Forecast 2022 – 2029,’ offers key insights and analysis of the global oilfield chemicals market. The research study conducts an in-depth analysis and provides key market insights on the oilfield chemicals market for the forecast period (2022–2029). Based on key insights, the …
Open Banking Market Worth US$ 158.6 Billion By 2032 | CAGR 23.2% – Report by Future Market Insights, Inc.
According to the open banking market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 23.2% from 2022-2032. The report states that the market is expected to reach the valuation of ~US$ 19.6 Bn by the end of year 2022 and ~US$ 158.6 Bn by 2032. According to …
No-Code AI Platform Market to Receive Overwhelming Hike US$ 38,518.0 Million in Revenues by 2032 | FMI
According to Future Market Insights, the global no-code AI platform market is expected to grow at a CAGR of 28.1% during the forecast period of 2022 to 2032. The market is set to reach a valuation of US$ 38,518.0 Mn by the end of 2032 and is likely to be valued at US$ 3,231.8 Mn in 2022. …
Network Traffic Analysis Solutions Market Size Predictions : US$ 8.5 Billion by 2032 | Report by FMI
The network traffic analysis solution market was worth US$ 2.9 Billion in 2022 and is predicted to increase at an 11.3% compound annual growth rate (CAGR) to US$ 8.5 Billion by 2032. The increase might be ascribed to the increasing necessity for appropriate network administration as network complexity increases. The rising rates of internet penetration and, as …