At a compound annual growth rate (CAGR) of 10.2%, the sports betting industry is projected to reach USD 223.40 billion by 2032 from USD 84.58 billion in 2022. The primary factors influencing the sports betting market’s adoption and future trends are the rise in connected smart smartphones, shifts in the digital landscape of South Asian …
Monthly Archives: October 2024
Medical Ventilators Market Projected to Reach Over USD 4 Billion by 2033, Advancing at a CAGR of 9.1%
The global medical ventilators market is expected to hold a market value of approximately USD 1.7 billion in 2023. With a projected compound annual growth rate (CAGR) of 9.1% between 2023 and 2033, the market is anticipated to surpass USD 4 billion by 2033. The growth in the medical ventilators market is primarily driven by …
Global Single-Use Filtration Assemblies Market Projected to Drive Past USD 19.28 Billion by 2033, Surging at 18.5% CAGR Growth
The single-use filtration assemblies market is aiming to achieve a significant valuation of USD 19.28 billion by 2033, propelled by a striking Compound Annual Growth Rate (CAGR) of 18.5%. This notable trajectory underscores the increasing significance of maintaining sterile conditions and the widespread adoption of single-use filtration assemblies across diverse industries. The substantial surge in …
Optical Sensor Market is Projected to Rise at a Robust CAGR of Around 10% from 2023 to 2033 | Future Market Insights
The global market for optical sensors is expected to reach a value of around USD 22 billion by 2022. Future Market Insights projects that the industry’s 2023 valuation will be USD 24.2 billion. A robust compound annual growth rate (CAGR) of over 10% is projected for total sales between 2023 and 2033 due to the …
Gene Synthesis Market Projected to Reach Over USD 4.5 Billion by 2033, Growing at a Robust Rate of 19.2%
The global gene synthesis market is poised for remarkable growth, with expectations to grow at a sturdy rate of 19.2% during the forecast period. In 2023, the market valuation is anticipated to reach approximately USD 779.4 million, with projections indicating that it will exceed USD 4.5 billion by 2033. This accelerated growth in the gene …
FMI Study States Global Hydrogen Combustion Engine Market to Exceed USD 46.31 Billion by 2033, Growing at 9.78% CAGR
The global hydrogen combustion engine market is poised for significant growth, with a robust Compound Annual Growth Rate (CAGR) of 9.78% forecasted throughout the projection period. With an estimated value of approximately USD 18.22 billion as of 2023, this market is on track for substantial expansion, aiming for a noteworthy valuation of USD 46.31 billion …
Gas Detection Equipment Market to Reach USD 6,801.6 Million by 2034, With a 6% CAGR Growth
According to a Future Market Insights (FMI), the global gas detection equipment market size reached USD 3,613.7 Million in 2023. Over the forecast period, demand is anticipated to rise at 6% CAGR. The total value is predicted to increase from USD 3,801.1 Million in 2024 to USD 6,801.6 Million in 2034. Gas leaks pose serious threats to both companies and nearby communities, often resulting in …
Global System on Module Market Set to Reach US$ 4.65 Billion by 2033, with Anticipated CAGR of 15%
The System on Module (SoM) Market is experiencing rapid growth driven by urbanization, digitization, and the increasing online presence of businesses and individuals. As advanced Artificial Intelligence technology gains traction, the demand for SoM is skyrocketing. This surge is particularly evident in the consumer electronics sector, where smartphones, laptops, tablets, and computers are constantly pushing …
FMI Study Affirms Global Industrial Cooling Systems Market Valuation to Cross USD 37.92 Billion Mark by 2033, Growing at 6.1% CAGR
The industrial cooling systems market is poised for significant expansion, with a projected Compound Annual Growth Rate (CAGR) of 6.1% by 2033, according to Future Market Insights (FMI). From its valued position of USD 20.98 billion in 2023, the market anticipates reaching an impressive USD 37.92 billion by 2033, building upon a robust historical growth …
Global Oil Filled Transformer Market to Reach US$ 73.98 Billion by 2033, Projected to Grow at a 6.5% CAGR
The Oil-Filled Transformer Market is experiencing rapid expansion driven by a confluence of factors, including the global trends of urbanization, modernization, population growth, and fast-paced infrastructural development. Additionally, the rising demand for electricity due to increasing power consumption, coupled with the growing adoption of renewable energy sources and extensive network development, is fueling the remarkable …