The global fire extinguisher market is expected to be worth more than US$ 3.6 billion in 2021, rising at a CAGR of 5.7% between 2021 and 2031, according to a Future Market Insights (FMI) report. Increased use of fire extinguishers in the industrial and commercial sectors, as well as the implementation of stringent regulations and building requirements, …
Monthly Archives: May 2023
Industrial Valves Market to Witness Exponential Growth, Exceeding US$ 96.2 Billion by 2029
The global industrial valves market is expected to be worth approximately US$ 71.8 billion in 2022. Overall demand for industrial valves for controlling material flow is expected to grow at a moderate 4.3% CAGR between 2022 and 2029, reaching US$ 96.2 billion by 2029. The most common material used to make industrial valves will still be steel. …
Smart Water Grid Market: Accelerated Growth Expected with a 16.8% CAGR by 2032, Revolutionizing Water Management
The global smart water grid market was valued at around US$ 18,664.5 Million in 2021 and is expected to grow at a CAGR of 16.8% to reach US$ 101,248.3 Million by 2032. Smart water grid technology is expected to grow in popularity due to its cost-effectiveness, efficiency, time and energy savings, and dependability. Some of the cutting-edge …
Glass Tempering System Market Gains Momentum, Surpassing US$ 166.5 Million by 2032, Fueling Advancements in Glass Industry
The global glass tempering system market is anticipated to reach US$ 166.5 million in 2032, with market growth expected to stagnate at a CAGR of 3.9% from 2022 to 2032. The market for glass tempering systems, which was valued at US$ 109.5 million in 2021, is anticipated to grow to US$ 113.6 million in 2022. Over the …
Industrial Robots Market Set to Revolutionize Manufacturing, Expected to Reach US$ 55.66 Billion by 2032
A recently published study by FMI expects the global industrial robots market to augment at a 12% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 55.66 Billion is expected for the market. Increasing adaption of industrial robots in end user industries such as automotive, food & beverage and pharmaceutical industry is positively influencing the …
Marine Fuel Injection System Market Set to Sail Towards US$ 7,954.2 Million by 2032, Driven by Maritime Industry Advancements
The global marine fuel injection system market is expected to generate US$ 7954.2 million by 2033, up from US$ 5568.6 million in 2023. From 2023 to 2033, the target market is expected to grow at a sluggish CAGR of 3.63%. During this time period, the marine fuel injection system market is expected to grow 1.4 times. The …
Transformer Monitoring System Market to Witness Robust Growth with 8.9% CAGR, Reaching US$ 6,539.2 Million by 2033
The global transformer monitoring system market is expected to be worth US$ 2,785.2 million in 2022. From 2022 to 2032, it is expected to grow at an 8.9% CAGR, reaching a value of US$ 6,539.2 Million by the end of 2033. The transformer monitoring system is a process-oriented system that measures quantities like voltage and current, …
Vibration Control Systems Market Poised for Remarkable Expansion, Projected to Reach US$ 9.01 Billion with a 6.2% CAGR by 2032
Demand for vibration control systems is likely to witness a revival in 2022, according to the latest edition of the study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study also finds that a significant percentage of industry players are confident of growing investments in automation, a strategy stalled by COVID-19 outbreak. However, the pace …
Metal Fiber Felt Market – Global Revenue Growth Expectations in the Near Future
As per the recent research conducted by a leading market insights provider FMI, the global Metal Fiber Felt market will expand at a healthy CAGR over the forecast period between 2022 and 2028. The aim of this study is to analyze key market dynamics affecting the sales of Metal Fiber Felt and provide vital insights to business …
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Synthetic Tackifiers Market (2022 to 2027) | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insights
As per the recent research conducted by a leading market insights provider FMI, the global Synthetic Tackifiers market will expand at a healthy CAGR over the forecast period between 2022 and 2028. The aim of this study is to analyze key market dynamics affecting the sales of Synthetic Tackifiers and provide vital insights to business owners to …