In the year 2022, the global industrial valve market has firmly established itself with an estimated worth of approximately US$ 71.8 billion. This market is on the precipice of a significant transformation, driven by the escalating adoption of industrial valves for the precise regulation of material flow. Projections indicate a steady and moderate compound annual growth rate …
Monthly Archives: October 2023
Riding the Waves: Global Sea Water Pumps Market Surges to Over US$ 1.6 Billion by 2028 with Diverse Applications
In 2022, the global sea water pumps market achieved a substantial valuation of approximately US$ 1.3 billion, marking a pivotal milestone in its growth journey. This remarkable progress is a testament to the increasing adoption of sea water pumps across a wide spectrum of applications. Projections suggest that the market is poised to continue its ascent, with …
Chilling Prospects: Customization Drives the Global Walk-In Coolers and Freezers Market to Reach US$ 14.05 Billion by 2029
The global walk-in coolers and freezers market, valued at approximately US$ 9.52 billion in 2022, is experiencing a significant transformation driven by the growing trend of customized solutions. Projections indicate that the market is on a robust growth trajectory, with a projected compound annual growth rate (CAGR) of 5.7% between 2022 and 2029, ultimately reaching a …
Global Research and Development (R&D) Analytics Market: Anticipated Growth to Reach US$ 6,366.6 Million by 2032
The Global Research and Development (R&D) Analytics Market is poised for remarkable growth, with an anticipated value of US$ 2,025.0 Million in 2022. A robust compound annual growth rate (CAGR) of 12.1% is projected, propelling the market to reach US$ 6,366.6 Million by 2032. This surge is primarily attributed to the evolving needs within various …
Patent Analytics Market to surpass US$ 5.18 Bn by 2032 driven by Rising R&D investment and registrations for IP rights – Future Market Insights, Inc.
According to the patent analytics industry analysis carried out by Future Market Insights (FMI), the demand registered in the patent analytics market will grow at a noteworthy CAGR of around 14.4% from 2022-2032. The report states that the market is expected to reach the valuation of ~US$ 1,353.9 Mn by the end of 2022. As per Future Market Insights, every crisis …
Crawler Excavator Market Forecast: Set to Reach US$ 65,665.2 million by 2033 with a 2.7% CAGR
The crawler excavator market size is expected to cross US$ 50,307.3 million in 2023 and is anticipated to attain a valuation of US$ 65,665.2 million by 2033. The crawler excavator market share is predicted to thrive at a CAGR of 2.7% from 2023 to 2033. Beyond new building initiatives, aging infrastructure needs routine upkeep and …
Electric Scooters Market Surges with a 9% CAGR, Anticipated to Reach US$ 22.7 Billion by 2032
The global electric scooters market is valued at US$ 9.59 billion as of 2022. The market is expected to grow at a CAGR of 9% during the forecast period, and by 2032, the market is expected to reach an estimated US$ 22.7 billion. Key Takeaways: China electric scooters market is expected to hold a market share of …
Automotive Lead Acid Battery Market Poised for Steady Growth, Set to Reach US$ 47 Billion by 2033 with a 5.2% CAGR
The global Automotive Lead Acid Battery Market is anticipated to attain a valuation of US$ 28.24 billion in 2023 and is expected to reach US$ 47 billion by 2033, expanding at a CAGR of 5.2% from 2023 to 2033. The surging popularity of electric vehicles and the growing utilization of uninterrupted power supply for critical …
Hybrid Vehicles Market Expected to Reach US$ 1.6 Trillion by 2033 with a Remarkable 21.6% CAGR
The Hybrid Vehicles Market size is estimated to surpass US$ 232 Billion in 2023 and is anticipated to hit a valuation of US$ 1.6 Trillion by 2033. The hybrid vehicles market share is predicted to thrive at an astronomical CAGR of 21.6% from 2023 to 2033. The expansion of EV infrastructure, including charging stations, is …
Global Lithium and Lithium Ion Battery Electrolytes Industry Set to Reach US$ 10,054.4 Million Valuation by 2029
The lithium and lithium ion battery electrolytes industry is expected to expand with a value-added growth rate of 11.7% in 2022, reaching a value of roughly US$ 4,215.2 Million by year’s end, according to Future Market Insights (FMI). The CAGR for the world economy is predicted to be a significant 13.2% between 2022 and 2029. …