In a significant development for the electronics industry, the global wire-to-board connector market achieved remarkable growth, surpassing a valuation of US$ 4.7 billion in 2022. Over the period from 2017 to 2021, the demand for wire-to-board connectors exhibited a steady upward trajectory at a CAGR of 4.1%. The future of this market looks promising, with …
Monthly Archives: September 2023
Revolutionizing Automotive Industry with Vehicle Analytics: FMI Presents In-depth Analysis
According to Future Market Insights (FMI), the global market for vehicle analytics would exceed US$ 2,370 million by the end of 2022, with a CAGR of 15.5%, which is more than expected. According to the report, customer demand for more noticeable travel comfort, particularly among urban travellers, may be partly to blame for the growing adoption of …
Global Fibre to the Home Market Soars, Expected to Reach US$ 37 Bn by 2017 – FMI
Future Market Insights, a renowned market research firm, has unveiled a comprehensive analysis of the global Fibre to the Home (FTTH) market in its latest research report. The study reveals that the FTTH market is set for robust growth, poised to attain a substantial valuation by the end of the forecast period. This nascent industry …
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Temperature-Controlled Pharmaceutical Containers Market to Reach US$ 11.2 Bn by 2032, Driven by Growing Demand for Efficient and Safe Transportation of Temperature-Sensitive Drugs, Finds FMI
According to the Future Market Insights (FMI) analysis, the global temperature-controlled pharmaceutical containers market witnessed a robust CAGR of 7.2% across the historic forecast period with a market value of US$ 4.5 Bn in 2021 from US$ 2.8 Bn in 2015. The global pharmaceutical e-commerce industry is witnessing high growth due to the increase in overall demand …
Industrial Drums Market Projected to Grow 1.5 Times by 2027, Driven by Rising Need for Efficient and Safe Storage and Transportation of Goods, Reports FMI
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. …
Metal Cans Market to Surpass US$ 91.1 Billion by 2033, Driven by Growing Demand for Food Preservation and Rising Popularity of Modern Retail Formats, Finds FMI
The Metal Cans Market is on a trajectory of robust expansion, predicted to escalate from a valuation of US$56 billion in 2023 to over US$91.1 billion by 2033, reflecting a steady 5% CAGR. The demand for metal cans, driven by their pivotal role in preserving food products over extended periods while maintaining quality, stands as …
Tissue Paper Converting Machines Market to Garner Significant Proceeds, Reaching US$ 1.9 Bn by 2026, Fueled by Growing Demand for Hygiene Products and Sustainable Packaging Solutions
At a CAGR of 4.9% from 2022 to 2026, the market for tissue paper converting machines is projected to grow from an estimated US$ 1.6 billion in 2022 to US$ 1.9 billion by 2026. The tissue paper converting machinery market is predicted by FMI to generate an additional opportunity worth US$ 406.5 Mn during the forecast period. …
Consumer Electronics Packaging Market Poised for Strong Growth, Creating an Incremental Opportunity of US$ 13.2 Bn between 2022 and 2027, Finds FMI
The Consumer Electronics Packaging Market is undergoing a substantial transformation, characterized by impressive growth and innovative trends. With revenues reaching US$ 22.2 billion in 2022 and projected to soar to US$ 35.4 billion by 2027, the market showcases a robust Compound Annual Growth Rate (CAGR) of 9.8%. In 2021, the sector experienced a noteworthy upswing of 9.9% …
Cashew Processing Machine Market Set to Soar: Anticipated CAGR of 7.4% Envisions a US$ 10624.41 Million Industry by 2033
The global cashew processing machine market is poised for significant growth, with Future Market Insights’ research forecasting a robust CAGR of 7.4% over the anticipated time frame. This growth trajectory is expected to take the market from its current valuation of US$ 5,203.10 million in 2023 to an impressive US$ 10,624.41 million by 2033. Despite this promising …
Bubbling Growth: Cider Brewing Equipment Market Set to Ferment at 3.8% CAGR, Surpassing US$ 2,393.5 Million by 2033
The global cider brewing equipment market is on a trajectory of steady growth, with a projected average CAGR of 3.8% throughout the forecast period. As of 2023, the market boasts a valuation of US$ 1,648.4 million, and by 2033, it is expected to reach a significant high, estimated at US$ 2,393.5 million. These figures reflect a promising …