The global fiberglass electrical enclosure market is on track for substantial expansion, with a targeted worth of USD 550 million by 2033. This robust growth trajectory is underpinned by a projected Compound Annual Growth Rate (CAGR) of 5.9% from 2023 to 2033, as per a comprehensive report by FMI. Fiberglass electrical enclosures possess a notable advantage due …
Monthly Archives: September 2024
Displays Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2023-2033
By 2022, the worldwide display market was valued at US$ 157.9 billion. In 2023, the worldwide display market is projected to be valued at US$ 165 billion. Demand is expected to rise at a 3.8% annual growth rate (CAGR) between 2023 and 2033. By 2033, sales are projected to reach US$ 238.8 billion. During the projection period, …
FMI Analysis Affirms Global Autonomous Vehicles Market Share to Surpass USD 70,331.5 Million by 2033, Growing at 8.7% CAGR
The autonomous vehicles market was expected to be worth USD 30,539.0 million in 2023. The revenue from sales of autonomous vehicles is anticipated to reach around USD 70,331.5 million by 2033, growing at a CAGR of 8.7% between 2023 and 2033. A diverse range of drivers is propelling the rapid growth of the autonomous vehicles industry. One …
Global Automotive Stamping Market Size Set to Achieve USD 18,460.7 Million Valuation by 2033, Growing at a CAGR of 5.3% | FMI Reports
Future Market Insights study indicates that the global automotive stamping market will grow from USD 11,014.5 million in 2023 to USD 18,460.7 million by 2033. The industry is expected to grow at a CAGR of 5.3% from 2023 to 2033. Asia-Pacific is currently leading the automotive metal stamping industry, driven by a surge in vehicle production and the rapid expansion of …
Global Industrial Water Cooling Systems Market Size Anticipated to Exceed USD 2,648 Million Valuation by 2032, Growing at 4.7% CAGR
The global industrial water cooling system market was on track to reach a valuation of USD 1,673.1 million in 2022, with projections indicating a significant surge to USD 2,648 million by 2032. This impressive growth trajectory is driven by a steady Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2032. The driving force behind this …
FMI Study Predicts Global Plastic Extrusion Machine Market Size to Reach USD 10,754.4 Million Mark by 2032, Growing Steadily at 4.7% CAGR
The global plastic extrusion machine market was set to achieve a remarkable valuation of USD 6,793.9 million in 2022, with strong indicators pointing towards significant expansion. Fueled by a substantial Compound Annual Growth Rate (CAGR) of 4.70%, the market is projected to reach an impressive USD 10,754.4 million by 2032. This surge in demand is propelled by …
Ultrasonic Flowmeters Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2023-2033
It is anticipated that the value of the worldwide ultrasonic flowmeter market would rise from US$ 735.5 million in 2023 to US$ 1.2 billion by 2033. Global sales of ultrasonic flowmeters are expected to rise at a 4.8% CAGR during the projected period. Through 2033, the transit-time technology sector is anticipated to lead the worldwide market. This …
Global Automotive Engineering Services Market Valuation Predicted to Cross USD 3.2 Billion by 2033, Growing at 7.17% CAGR | FMI Study
The global automotive engineering services market in 2022 was USD 1.46 Billion and is estimated to be USD 1.6 Billion in 2023. According to FMI, reports mentioned that the automotive engineering services market will expand at a CAGR of 7.17% between 2023 and 2033, totaling around USD 3.2 Billion by 2033. The Automotive Engineering Services Market is …
FMI Analysis Projects Global Battery Testing Equipment Market Size to Reach USD 770 Million in 2032, Grow Steadily at 4% CAGR
The global battery testing equipment market is predicted to reach a valuation of USD 770 Million in 2032 with sales growing at an intermediate CAGR of 4% over the forecast period of 2022 to 2032. Valued at USD 500 Million in 2021, the battery testing equipment market has scaled up to an estimated USD 520 Million in …
Global Diaphragm Coupling Market Share Set to Reach USD 772.3 Million Milestone by 2032, Growing Steadily at 3.5% CAGR | FMI Analysis
The diaphragm coupling market has demonstrated impressive growth, with a substantial valuation of USD 547.3 million in 2022, laying a strong foundation for future advancements. Anticipating a consistent Compound Annual Growth Rate (CAGR) of 3.5%, the market is projected to experience significant expansion, reaching an impressive valuation of USD 772.3 million by 2032. Diaphragm couplings, once limited …