The global glass reactors market is poised for substantial growth, with an estimated valuation of USD 967.4 Million in 2024, advancing to USD 1,826.5 Million by 2034. This trajectory reflects a robust compound annual expansion of 5.9% over the forecast horizon. In 2023, the sector generated USD 913.1 Million in revenue, setting the stage for a projected …
Monthly Archives: August 2024
Global Reverse Osmosis Pump Market Valuation to Surge Beyond USD 16.6 Billion Mark by 2033, Growing at a Decent 9.0% CAGR
According to a recent analysis by Future Market Insights (FMI), the reverse osmosis pump market is anticipated to surpass the USD 14.6 billion mark in 2033. Going ahead, the demand for reverse osmosis pumps will continue to rise at a Compound Annual Growth Rate (CAGR) of 9.0% between 2023 and 2033. This forecast underscores the enduring significance …
FMI Analysis Affirms Global Mini Cranes Market Revenue Projected to Exceed USD 761 Million by 2033, Growing at 6.0% CAGR
As per Future Market Insights (FMI), the global mini cranes market value is expected to rise from USD 422.2 million in 2023 to USD 761 million by 2033. Global sales of mini cranes between 2023 and 2033 are projected to rise at a robust CAGR of 6%. Mini cranes are becoming necessary as a result of the growing construction sector and the rise of …
FMI Analysis Projects Global Automotive Tuner Market Share to Reach USD 12 Billion by 2033, Growing at a CAGR of 6.4%
The global automotive tuner market is anticipated to attain a valuation of USD 6.4 billion in 2023 and is projected to reach USD 12 billion by 2033, trailing a CAGR of 6.4% during the forecast period. The market is experiencing expansion due to the growing popularity of aftermarket automotive modifications. This trend is particularly prominent among young …
Global Automotive Performance Tuning and Engine Remapping Services Market Size to Exceed USD 1,100 Million by 2033, Growing at 6.4% CAGR
As per Future Market Insights, the global automotive performance tuning and engine remapping services market is estimated to attain a valuation of USD 586.22 million in 2023. The market is expected to reach USD 1,100 million by 2033, rising at a CAGR of 6.4%. The market growth is expected to be driven by increasing demand for high-powered …
FMI Analysis States Global Tire Testing Machines Set to Expand Amidst Technological Advancements by 2031
Expansion of the tire industry and increasing automotive sales are anticipated to drive the tire testing machine market. According to a study by Future Market Insights (FMI), the tire testing machine market will reach USD 467.7 Mn by 2021. The increasing rate in tire production will remain a chief growth driver. Tire testing machines have dynamic …
FMI Study States Global Tritium Light Source Market Size to Reach USD 8.6 Billion by 2033, Flourishing at a CAGR of 2.5%
The global tritium light source market is anticipated at US$ 6.6 billion in 2022. The sector is gaining pace as companies provide technologically improved tritium light sources with various integrated technologies. The market is expected to accumulate a valuation of US$ 8.6 billion in 2033, recording a CAGR of 2.5% from 2023 to 2033. The market is likely to secure US$ 6.7 billion in …
Global Downhole Tractor Market Valuation Set to Reach USD 5.8 Billion Mark by 2033, Growing Steadily at 5.2% CAGR | FMI Study
The global downhole tractor market is anticipated at USD 3.5 billion in 2023. The sector is gaining pace as companies provide technologically improved downhole tractors with various integrated technologies. By 2033, a valuation of USD 5.8 billion is expected, with a CAGR of 5.2%. The increasing demand for electrically driven downhole tractors instead of mechanically driven tractors is anticipated to propel the …
Sailcloth Market Surge: From Tents to High-Fashion Fabrics Driven by Advances in Durability and Smart Materials
The demand for sailcloth is anticipated to cross USD 500 million in the following five years, growing at a moderate rate. While growth during the ongoing pandemic crisis may appear to be stifled, Future Market Insights (FMI) predicts that the market will likely return as soon as COVID-19 is over. Due to its exceptional strength-to-weight ratio, sailcloth …
Bonded Magnet Market to Exceed USD 4,150.99 million by 2034, Driven by Demand for Miniaturized Components in Electronics and Automotive Sectors
The bonded magnet industry sales is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The market size is projected to be around USD 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through …