The automatic door control market is expected to be valued at USD 14,426.00 million in 2023, with a 7.2% CAGR over the projected period. The automatic door control industry is expected to be worth USD 28,913.00 million by 2033. Energy savings, ease of operation, security, speed and accuracy, cable-free operation, and other factors escalate automatic …
Monthly Archives: July 2024
Absorption Chillers Market Set for Significant Surge, Projected USD 2,376.8 Million by 2032, with a CAGR of 4.5%
The global absorption chillers market is poised for substantial growth, projected to reach a market value of USD 1,532.7 million in 2022, with expectations to surge to USD 2,376.8 million by 2032. Over the forecast period spanning from 2022 to 2032, the market is estimated to expand at a noteworthy compound annual growth rate (CAGR) of …
Health and Ethical Benefits Drive Plant-Based Hot Dogs Market to USD 828.9 Million by 2033 with a 16.7% CAGR | FMI
According to FMI reports, the global plant-based hot dogs market can soar at a rate CAGR of 16.7% from 2023-2033. The net worth of the global share of the plant-based hot dog industry is predicted from US$ 496.30 million in 2023 to over US$ 828.90 million by the year 2033. A growing market for plant-based hot dogs has …
Rising Demand for Low-Calorie Foods Drives Sugar Alcohol Market to USD 4.59 Billion by 2033
The sugar alcohol market is expected to generate US$ 3.31 billion in sales in 2023, according to Future Market Insights (FMI) recently released research report. By 2033, the market may potentially exceed a worth of US$ 4.59 billion. Market participants could estimate a CAGR of 4.2% over the forecast period. Consumer demand for low-calorie, sugar-free, and diabetic …
Cooling Tower Fans Market Predicted to Expand, Projected USD 295.5 Million by 2033, with a CAGR of 3.6%
In 2023, the global cooling tower fans market is anticipated to be worth USD 207.5 million, rising to USD 295.5 million by 2033. The industry is predicted to expand at a CAGR of 3.6% between 2023 and 2033. Several key factors contribute to the growth and demand for cooling tower fans. The growing demand for …
Innovative Product Development Fuels Plant-Based Burger Market to Reach USD 23.2 Billion by 2033 with a 16.3% CAGR | FMI
The FMI anticipates that the plant-based burger market is estimated to capture a valuation of US$ 5.1 billion in 2023. The market is increasing to US$ 23.2 billion by 2033 and is registering a CAGR of 16.3% during the forecast period. How are Manufacturers Shaping Plant-based Burger Market? Manufacturers play a significant role in the global market …
Veganism Trends Propel Plant-Based Nuggets Market to USD 708.6 Million by 2033 | FMI
The plant-based nuggets market is anticipated to reach a valuation of US$ 448.5 million in 2023 and is expected to be worth US$ 708.6 million by 2033. The demand for plant-based nuggets is estimated to record a steady CAGR of 5.8% CAGR. The rise of veganism is a significant opportunity for the plant-based nuggets market, …
Rising Veganism and Environmental Concerns Propel Plant-Based Fish Market to USD 1.27 Billion by 2033
Plant-based Fish Market The global plant-based fish market is set to experience remarkable growth, driven by a surge in vegan consumers and rising environmental concerns. According to a recent market analysis, the plant-based fish market, valued at USD 804.6 million in 2023, is anticipated to reach USD 1,271.2 million by 2033, with a compound annual growth rate …
Flavorful and Healthful: Citrus Alcohol Market to Soar to USD 2.28 Billion by 2033
As per the recent market research conducted by FMI, the citrus alcohol market is expected to surge at a CAGR of 7.9%. In 2023, the market size is projected to be US$ 1,272 million. By 2033, the figures are expected to cross US$ 2,276.9 million. Rapid urbanization has contributed to an increase in disposable income. This has also had an …
Health Benefits Drive Demand: Food-Grade Glycerin Market to Reach USD 498 Million by 2033
The food-grade glycerin market is anticipated to expand its roots at an average CAGR of 2.0% between 2023 and 2033. The market is anticipated to cross a market share of US$ 498 million by 2033 while it is likely to be valued at US$ 389 million in 2023. Apart from the skincare benefits of glycerin, food-grade glycerin is helpful in moisturizing and preserving …