The building automation systems market size is projected to be valued at USD 47,800 Billion in 2023 and is expected to rise to USD 96,264 Million by 2033. The sales of building automation systems are expected to grow at a significant CAGR of 7.4% during the forecast period. The market for building automation systems is …
Monthly Archives: July 2024
Automotive Intermediate Shaft Market Projected to Hit USD 8,501.4 Million by 2033 with Steady 2.8% CAGR
In 2023, the Automotive Intermediate Shaft Market is expected to be worth USD 6450.0 Million. The market is expected to reach USD 8,501.4 Million by 2033, expanding at an 2.8% CAGR throughout the forecast period. The Automotive Intermediate shaft Market is driven by several factors, such as increasing automotive production, technological advancement and growing focus …
Future Trends: Gypsum-Free Plaster Market Expected to Expand at 3.4% CAGR Through 2032
During the forecast period of 2022–2032, the global market for gypsum-free plaster is expected to grow at an average CAGR of 3.4% and reach a valuation of USD 4 billion. The market for gypsum-free plaster is growing due to elevated environmental consciousness, a more aware global population, and changes in consumer preferences. One of the …
Robust Growth Projected for High Carbon Bearing Steel Market: Expected to Hit USD 269 Billion by 2032
The global market for high carbon bearing steel was projected to be worth USD 139.6 billion in 2022. As a result of the growing need for highly efficient and lightweight bearings in industries like marine, construction, and automotive, it is anticipated that global sales of high carbon bearing steel will rise at a robust …
Projected Growth: Carbon Brush Market Set to Reach USD 4,503.6 Million by 2033, with a CAGR of 4.5%
The global carbon brush market is anticipated to exceed USD 4,503.6 million in 2033 as opposed to an estimated USD 2,900 million in 2023. The target market is slated to expand at an average CAGR of 4.5% from 2023 to 2033. Carbon brushes find extensive application in motors, generators, and other electrical equipment to transfer …
Growth Prospects for Blow-Molded Bottles: CAGR of 4.8% Expected by 2033 | FMI Study
The global demand for blow-molded bottles had strong growth, as evidenced by a noteworthy CAGR of 4.2% from 2018 to 2022. Furthermore, FMI surveyed that this growth trend raised the market’s worth to over US$ 90.3 billion by the end of the survey period in 2022. By the end of this year, 2023, it is anticipated that …
Growth Trajectory of BFS Syringes Market: Projected CAGR of 9.4% and US$ 2,158.46 Million by 2033
The BFS syringes market is forecasted to experience a growth of 9.4% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 878.48 million in 2023. By 2033, the BFS syringes industry is expected to capture US$ 2,158.46 million by 2033. BFS technology is most commonly …
Global PVC Packing Straps Market: Forecasting a Valuation of US$ 213 Million by 2033
The market for PVC packing straps has expanded steadily, with a year-on-year growth rate of 3.8% during the period from 2018 to 2022. The global market value concluded at an estimated value of US$ 134 million by the end of this historical period in 2022. The net worth of all PVC packing straps is anticipated to reach around US$ 139.8 million …
Integrated Food Ingredients Market Poised for Growth, Expected to Reach USD 112.85 Billion by 2033
Integrated Food Ingredients Market The integrated food ingredients market size accumulated a value worth USD 69,510.0 million in 2023. It is anticipated to reach a market value of USD 112,848.7 million by 2033, growing at a CAGR of 5.2% through 2033. The market for integrated food ingredients is being pushed forward by factors such as Growing popularity of food encapsulation technology Improvements in …
Bio Vanillin Market Set to USD 380.7 Million by 2033, Fueled by Demand from Plant-Based and Vegan Industries
Bio Vanillin Market The global bio vanillin market is anticipated to reach a valuation of US$ 191.3 million in 2023, driven by increasing demand from pharmaceuticals and food & beverage industries. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.6% between 2023 and 2033, and reaching a total …