The refrigeration leak detector market is expected to be worth US$ 106.8 million in 2023 and US$ 149.3 million by 2033. During the projection period, the market will grow at a CAGR of 3.4%. Refrigeration leak detectors are required for the detection of refrigerant leaks in refrigeration and air conditioning systems. These systems are essential …
Monthly Archives: June 2023
Precision and Craftsmanship – Flourishing Growth of Woodworking Power Tools Market in Europe by 2030
A recent Future Market Insights report attributes the growth of the Europe woodworking power tools market to the region’s construction and carpentry sectors (FMI). The European woodworking power tools industry, dominated by Germany, the United Kingdom, and France, is anticipated to be valued US$ 363.9 million in 2030. According to the report, the EU is …
Addressing the Global Water Crisis – Promising Growth Opportunities in the Water Treatment System Market from 2022 to 2030
The global demand for water treatment system market was valued at US$ 66,094 Million in 2022 and is expected to grow at a CAGR of 6.8% to US$ 111,922 Million by the end of their forecast period. It has become increasingly important to produce more with fewer resources. As the water treatment system market continues to face …
Advancements in Scanning Technology Propel the Image Based Barcode Reader Market with a Bright Outlook by 2030
According to a recent report published by Future Market Insights, the image-based barcode reader market is expected to grow rapidly between 2020 and 2030. Rapid Industry 4.0 adoption has resulted in the deployment of advanced technologies such as robotics, artificial intelligence, and cloud-based computing across the manufacturing sector. Businesses have been able to streamline asset …
Increasing Emphasis on Smart and Efficient Lawn Care Drives the Robotic Lawn Mower Market with Promising Growth from 2022 to 2032
According to a new FMI market report, the global robotic lawn mower market will grow at a rapid 11.5% CAGR and reach US$ 2,721.23 Million by the end of the forecast year 2022 to 2032. As a result of technological advances and the increasing penetration of artificial intelligence, robotic lawn mowers have become significantly more …
Digital Precision and Automation Fuel the Woodworking CNC Tools Market for a Lucrative Future between 2023 and 2033
The net valuation of the woodworking CNC tools market was estimated to be around US$ 1,823.3 million in the year 2022. Furthermore, the global market is anticipated to advance at an annual rate of 5.6% from the years 2023 to 2033. By the end of this forecast period, the Future Market Insights market report predicts …
Innovations and Growing DIY Culture Foster the Woodworking Router Bits Market with a Promising Outlook from 2022 to 2029
The global woodworking router bits market is expected to reach US$ 110.7 million in 2022 and US$ 154.2 million by the end of 2029, growing at a CAGR of 4.8% throughout that time. Router bits account for 14% of the overall market for woodworking tools worldwide. An increasing trend towards automation in many industries is expected to boost …
Automation and Efficiency Drive the Conveyor System Market towards Prosperous Growth by 2031
In 2021, the conveyor system market expanded slowly, with worldwide revenues reaching 3.5% year on year. According to FMI, the conveyor system market will reach US$ 13.7 billion in 2021, at a CAGR of 4.5%, due to rising mergers and acquisitions by Tier-1 firms and the use of machine learning and the internet of things in material …
Rising Need for Cold Storage Facilities Boosts the Walk-in Coolers and Freezers Market with Promising Growth from 2022 to 2029
The walk-in cooler and freezer market is expected to reach US$ 9.52 billion in 2022 and grow at a 5.7% CAGR to US$ 14.05 billion by 2029. Consumer acceptance of frozen and processed goods, along with a vertical rise in the market for efficient refrigeration facilities to store and extend the shelf life of these items, all …
Increasing Demand for Efficient Cooling Solutions Propels the Commercial Refrigeration Compressor Market from 2023 to 2033
In 2023, the global commercial refrigeration compressors market is expected to be worth US$ 38,687.2 million. Overall commercial refrigeration compressor sales are expected to grow at a 4.3% CAGR, bringing the market value to US$ 58,940.03 million by the end of 2033. Governments all over the world are enacting legislation to encourage the use of …