The global commercial high-speed oven market value is predicted to increase from USD 3,037.3 Million in 2024 to USD 5,801.3 Million by 2034. Over the assessment period, global demand for commercial high-speed ovens is projected to surge at a CAGR of 6.7%. The built-in ovens segment is expected to dominate the global commercial high-speed oven industry through 2034. It will likely hold …
Monthly Archives: October 2024
The Edge AI Market is Estimated to be Valued at US$ 39.6 Bn by Year 2032-End, up from US$ 5.9 Bn in 2022, Growing at a CAGR of 20.8% | Data by Future Market Insights, Inc. Experts
The edge AI market is anticipated to expand at a CAGR of 20.8% during the forecast period. According to forecasts, the market is projected to be valued at US$ 39,618.3 Mn by 2032, up from US$ 5,970.7 Mn in 2022. The growing demand for edge AI in end-use industries such as telecommunication, IT, electronics, and automobiles is …
FMI Forecast States Global Avionics Market Size Estimated to Cross USD 117.0 Billion Mark by 2034, Surging at a CAGR of 7.9%
The avionics market is expected to witness significant growth in the coming years. It is projected to reach USD 54.9 Billion by 2024 and USD 117.0 Billion by 2034. The experts at Future Market Insights anticipate a steady growth trajectory during this period at a CAGR of 7.9%. This growth is attributed to increased demand for commercial aircraft, particularly in emerging economies, …
Global Power Grid Market Revenue Expected to Cross USD 471 Billion Mark by 2034, Growing Steadily at 4.6% CAGR
The global power grid market size is poised for significant growth, reaching USD 300 Billion in 2024. Sales of power grids are expected to witness a robust CAGR of 4.6% from 2024 to 2034. By 2034, the demand for power grids is anticipated to reach a valuation of USD 471 Billion. Driven by advancements in renewable energy technology, the goal of reducing …
FMI Prediction States Global Barrier System Market Forecasted to Exceed USD 34 Billion Mark by 2034, Growing Steadily at 4.3% CAGR
The barrier system market is anticipated to be valued at USD 22.2 billion by 2024. The market valuation is estimated to be USD 34 billion by 2034, projected at a CAGR of 4.3%. The barrier system market encompasses various products and solutions that provide safety, security, and control in various environments. Barrier systems are utilized across diverse sectors, including transportation, industrial, commercial, and …
FMI Study Projects Global Power Plant Boiler Market Size to Reach USD 40 Billion Mark by 2034, Growing Steadily at 5.80% CAGR
The global power plant boiler market value is expected to rise from USD 22.7 Billion in 2024 to USD 40 Billion by 2034. This estimated growth is expected to be driven by a promising CAGR of 5.80% in the power plant boiler industry over the next decade. Governments around the world are investing in upgrading their present power plants. This, along with the …
FMI Study Reveals Global Protective Glove Market Revenue to Hit USD 40.6 Billion Valuation by 2034, Driving 6.7% CAGR Growth
The global protective glove market size is poised for significant growth, reaching USD 21.2 billion in 2024. The sales of protective gloves are expected to grow at a CAGR of 6.7% from 2024 to 2034. The demand for protective gloves is anticipated to reach a valuation of USD 40.6 billion by 2034. The primary catalysts advancing the growth of the disposable glove market include the …
Biometric-as-a-Service (BaaS) Market is Set to Reach US$ 6.1 Bn in 2022 and is Anticipated to Reach a High of US$ 45.6 Bn at a Stupendous CAGR of 22.4% by year 2032-end | Future Market Insights, Inc.
The global biometric-as-a-service market is expected to bode well over the forecast years as it is projected to register a fast-paced CAGR of 22.4% from 2022 to 2032. The global market is expected to be valued at US$ 6,040.9 million in 2022. The value of the market is anticipated to reach a high of US$ 45,607.6 …
FMI Analysis Predicts Global Turboexpander Market Share Forecasted to Surpass USD 2 Billion Mark by 2034, Growing Steadily at 5.4% CAGR
According to Future Market Insights’ latest industry analysis, the global turboexpanders market size is estimated to be around USD 1.2 billion in 2024. It is projected to exhibit a CAGR growth of 5.40% over the forecast period, with an estimated market size of USD 2 billion by 2034. The market for turboexpanders has been witnessing significant growth in recent years due to …
FMI Study Indicates Global Industrial Power Supply Market Size to Reach USD 21.5 Billion by 2034, Growing at 10.1% CAGR
The industrial power supply market is estimated to be worth USD 8.2 billion in 2024 and is projected to be valued at USD 21.5 billion in 2034. Between 2024 and 2034, the industry is poised to rise at a CAGR of 10.1%. The growing integration of industrial automation and the implementation of Industry 4.0 initiatives are contributing to a heightened demand for dependable and …