New Product Development
In a new market study, Future Market Insights (FMI) opines global Domestic Booster Pumps Market to surpass US$ 4.63 Bn by 2030, growing at a 7.1% CAGR through 2030. The document attributes the boom of the marketplace to rising recognition among consumers concerning the provision of strength-green technologies. Furthermore, the growth of the e-commerce enterprise is widening the …
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The global power generator for military market was valued at US$ 1,011.5 Million in 2019. The market is forecast to rise at a CAGR of 3.4% between 2020 and 2030. Uninterrupted and reliable sources of power supply are vital for successful military operations. Power generators have application across diverse segments within the military industry. Against …
These are some of the factors accelerating the demand for water treatment system in China which is estimated to reach a value of US$ 23,940.0 Mn by the end of the forecast period. Depleting water quality due to increased water pollution has resulted into the adoption of water and wastewater treatment technologies in various industries in China. The market …
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The submersible pumps market is expected to record a year-on-year increase of 4.6% in 2021, with the overall valuation totalling US$ 8.80 Bn in 2021. As per a recent estimation of FMI, sales of submersible pumps are expected to increase at a 5.1% CAGR between 2021 and 2031. According to the study, the overall submersible pumps market valuation is forecast to top US$14.45 Bn by …
According to FMI’s analysis report, the global power tool gears market was valued at US$ 5.63 Bn in 2021, and is estimated to exhibit a CAGR of 5.1% over the forecast period of 2022-2030, with a strong impact being felt due to the current shutting down of manufacturing industries in emerging markets in the initial period of …
According to a newly updated study by Future Market Insights, the market for spark plugs is expected to grow favourably, with an estimated US$ 4.0 Billion in global sales in 2023. Between 2023 and 2033, the market’s value is anticipated to rise at a CAGR of 4.2%. By 2033, it is expected that the spark …
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Technological advancements and rising penetration of artificial intelligence have paved the way for increased sales of robotic lawn mowers, since they have become much more efficient. Rising dependency on automation in the commercial sector to decrease operating costs and increasing adoption of domestic robots for residential applications are major factors estimated to drive the growth …
Germany is anticipated to emerge as a lucrative market in the Europe woodworking CNC tools market over the forecast period. As per FMI, sales in the Europe market are projected to account for more than 24.5% of the total market share in 2022. Surging adoption of high precision tools across the woodworking sector driven by the growing demand for …
Future Market Insights (FMI) has projected the global X-by-wire market to grow with year-on-year value growth of 13.9% in 2022 reaching a value of about US$ 81,993.0 Mn by 2032 end. The demand for x-by-wire systems is increasing with every passing day as their installation is increasing in the military vehicles as well as construction equipment. Automotive companies are also focusing …
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In the current market scenario, prominent manufacturers are focusing on R&D activities for developing smart sub-meters in order to cater to several applications. Smart sub-meters help reduce electrical leakages and power cuts, and provide accurate consumption data to customers. Global value of the electric sub-meter market was US$ 9.74 Bn in 2021, and is projected to follow …