The market for cattle mineral feeders is anticipated to grow its revenue share from US$ 210 Mn in 2023 to US$ 402 Mn by 2033. An industry-wide CAGR of 6.7% is predicted for the forecast period. In the past ten years, there have been substantial developments in the cattle industry. Commercial cattle farming and the related food chains have been able to meet …
Monthly Archives: March 2023
Non-destructive Testing (NDT) Inspection Services Market Is Expected To See a growth of 7.7% CAGR by 2030
The global non-destructive testing (NDT) Inspection services market is experiencing a spike in revenues as various end users are investing making their methods safe for workers and consumers. Primarily used to identify defects, faults, and cracks, the NDT inspection services play an important role in industries that use machinery for automation. Constant checks ensure evaluation of …
Agricultural Equipment Market Is Expected To See a growth of 4.8% CAGR by 2032 | Future Market Insights, Inc.
ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global agricultural equipment market will register a CAGR of 4.8% between 2022 and 2032, reaching a market volume of around US$ 108.86 Billion by 2032 end. Agriculture is the primary source of livelihood for about 58% of India’s population. In order to address the rising …
Expansion Valves Market is Expected to Reach a High Valuation of US$ 17.4 Billion by the end of 2033
According to Future Market Insights (FMI), the expansion valve market will report a 4.0% CAGR through 2023 to 2033 as demand grows in residential, automotive, commercial, and other sectors. According to the latest FMI insights, global sales of growth valves will be valued at more than US$ 10.7 billion in 2021, with a consistent long-term forecast. The market is also expected …
Condition Monitoring Service Market is supposed to rise at a CAGR of 9.8 % by 2031
The global demand for condition monitoring services is projected to surpass the valuation of US$ 6.79 Billion by 2031 end. As suggested by a new Future Market Insights (FMI) report, substantial growth in the condition monitoring service market is mainly backed by the growth of the power generation industry, which holds a prominent share of the overall …
Crane Market is projected to have a robust CAGR of 3.8% by 2029
Sales in the global crane market are slated to top US$ 43.9 Billion in 2022. Expanding at a steady h 3.8% CAGR, the market size is projected to total US$ 57.1 Billion by 2029. In the current market scenario, rising number of construction projects in South East Asian and Latin American countries, and tie-ups with prominent sales …
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Woodworking Circular Saw Blades Market is projected to have a robust CAGR of 4.4% by 2029
The woodworking circular saw blades market is projected to reach a valuation of US$ 68.3 Million by the end of 2029, as per the latest report by FMI. Surge in the cost of raw materials such as roundwood and timber has increased operational costs and reduced profit margins for manufacturers. This is anticipated to reinforce the sale …
Emulsion Explosive Market to Display Impressive Growth of 4.9% CAGR by 2028
The Global Emulsion Explosive Market is expected to reach US$ 2,634.3 Million in 2022, growing at a 4.9 percent CAGR during the forecast period. Significant growth in construction, mining, and infrastructure investments around the world is propelling the market for emulsion explosives. According to a new research study by Future Market Insights, the sales importance of emulsion explosives is expected to …
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Power Transformer Market is Expected to Expand at a CAGR of 4.6% from 2021 to 2031
The power transformer market exhibited year-on-year growth of 4% in 2021, backed by increasing efforts towards incorporating modern energy solutions in existing power system and high demand of efficient and reliable power supply. Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with …
Robotic Grippers Market is anticipated to touch a value of nearly US$ 2.8 Billion in the year 2028
A new market research study by Future Market Insights on the robotic gripper market contains global industry analysis 2014 to 2018 and opportunity assessment 2022 to 2028. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2022 to 2028. As per the findings of the report, the global robotic …