As per a recent market survey by Future Market Insights (FMI), the global heat shrink tubing and sleeves market is projected to reach US$ 1,879 Mn in 2021, expanding at a healthy 5.9% CAGR over the forecast period of 2021-2031. Rapid advancements in industrial sectors across the globe, along with increasing investments in mechanical equipment are key factors driving sales of …
Monthly Archives: February 2023
Magnetic Drive Pump Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2031 | Future Market Insights, Inc.
The global magnetic drive pump sales are projected to top US$ 807.9 Mn in 2021, as per ESOMAR-certified research and consulting firm Future Market Insights (FMI). With steady growth outlook, the market is poised to register CAGR at nearly 5.3% during 2021-2031. In 2020, the COVID-19 outbreak decreased demand for magnetic drive pumps globally. As the construction …
Fire Alarm Systems Market is Expected to Rise to US$ 40.6 Billion by 2033 | Report by Future Market Insights, Inc.
The fire alarm systems market is predicted to be valued at US$ 24.1 billion in 2023, rising to US$ 40.6 billion by 2033. During the projection period, sales of fire alarm systems are expected to grow at a CAGR of 5.3%. Fire detection and alarm systems are commonly utilised to monitor the structure and its surroundings for …
Advanced Distribution Management Systems Market Set to Witness an Uptick Size US$ 12,102.0 Million to 2029 | FMI
The Advanced Distribution Management Systems Market is predicted to reach US$ 12,102.0 Mn by 2029 and show a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster. These systems supply situational …
Glass Reactors Market Is Set To Rise At A 5.6% CAGR By 2031: Future Market Insights
The global market for glass reactor is anticipated to grow at a CAGR of 5.6% over the forecast period 2021-2031, registering sales of 400 thousand units. Despite the challenges posed by COVID-19 outbreak, the market registered 4.6% year-on-year growth in 2021. Expansion of chemical and industrial sectors is propelling demand for glass reactors. Sales of glass reactors …
Plant Based Preservatives Market Present Scenario, Ongoing Trends & Consumer Insights-FMI, 2032
Rising preference for natural food preservatives over chemical preservatives is a key factor boosting sales of plant based preservatives in the global market and the trend is likely to continue during the forecast period. As per FMI, the global plant based preservatives market is forecast to grow from US$ 3.1 Bn in 2022 to US$ 5.8 Bn …
Americas Steel Pipes Market: New Technological Development Projecting Massive Growth till 2030
The Americas steel pipes market is likely to reflect steady. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures. The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in …
Riboflavin Pigment Market Outlook by Applications: Bakery & Confectionery Products, Beverages, Fruit Preparations/ Fillings & Dairy Food Products by 2032
Future Market Insights (FMI) estimates the global riboflavin pigment market will reach a valuation of nearly US$ 360.9 Mn by 2022, at a CAGR of 5.9% between 2022-2032. Riboflavin, often known as vitamin B2, is a yellow-colored vitamin that is present in foods and supplied as a nutritional supplement. It is crucial in the synthesis of two …
Herbal Tea Market Opportunity Map Analysis by Product Type: Herbal Tea Instant Premixes, Liquid Herbal Tea, Powdered RTD & Tea Syrup | 2032
The worldwide herbal tea market is estimated to be esteemed at US$ 3,700 Million of every 2022. During the conjecture time frame going from 2022-2032, deals of herbal tea are supposed to develop at a CAGR of 7.1%, to be esteemed at US$ 7,339.9 Million. With the developing wellbeing and health pattern, the worldwide tea market, especially …
Fermented Protein Market Analysis by Type: GMO-free, Gluten-free, Soy-free, Vegan & Flavours till 2032
The fermented protein market is gauged to be valued at $987.7 million out of 2022. This market has colossal development potential and is supposed to be worth US$ 2026.23 million by 2032. The market is supposed to develop at a CAGR of 7.5% from 2022 to 2032, up from 6.1% beforehand (2017-2021). Fermented Protein is widely consumed …