According to a Future Market Insights (FMI) report, the magnetic drive pump market size to reach a valuation of USD 672.5 Million in 2023. Future Market Insights reports say that the market is expected to grow at a 6.4% CAGR from 2023 to 2033, anticipated to be valued at USD 1,251 Million by the end of 2033. Growth in the market is driven by …
Monthly Archives: October 2024
Global Tower Crane Rental Market Projected to Exceed USD 12.8 Billion by 2033, Growing Steadily at a CAGR of 5.8% | FMI Analysis
Projections indicate that the global tower crane rental market is set to achieve a substantial valuation of approximately USD 7.3 billion by the year 2023. This upward trajectory is primarily fueled by the escalating demand for tower crane rentals across a broad spectrum of end-use industries. Looking ahead, it is anticipated that the market will maintain its …
Mobile Hotspot Router Market is Expected to Generate US$ 29,550.0 Million by 2032: Future Market Insights, Inc.
At a compound annual growth rate of 16.6%, the market for mobile hotspot routers is projected to reach US$ 6,369.5 million in 2022 and US$ 29,550 million by 2032. The increase is linked to the growing use of Internet of Things applications. The market for mobile hotspot routers grew at a 14.6% CAGR between 2016 and 2021. …
FMI Study Reveals Glass Reactor Market Shows 5.9% CAGR Growth by 2034, Leading to a Projected Value of USD 1,826.5 Million
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 …
Global Axial Spondyloarthritis Management Market to Reach USD 7.3 Billion by 2033 at a 5.1% of CAGR Amid Rising Prevalence and Demand for Effective Treatments
The global axial spondyloarthritis (axSpA) management market, valued at USD 4.22 billion in 2022, is anticipated to expand steadily, projected to reach approximately USD 7.3 billion by 2033. This growth, expected at a CAGR of 5.1% from 2023 to 2033, is driven by a rising prevalence of axSpA and the increasing demand for efficient treatment …
The Industrial Absorbent Market: Innovations in Eco-Friendly Spill Management Solutions
The industrial absorbent market is estimated to be worth USD 4.5 billion in 2024 and is projected to be valued at USD 6.5 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 3.7%. The expanding scope of industries, including manufacturing, oil and gas, chemicals, automotive, and healthcare, is driving the demand for industrial absorbents. …
Global Reverse Osmosis Pump Market Valuation to Reach 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 …
Surging Growth in the Bioplastic and Biopolymer Market: Projected to Reach USD 98 Billion by 2034
Biopolymers, a subset of bioplastics, include natural polymers like starch, cellulose, and proteins. Key factors fueling market expansion include rising environmental awareness, governmental regulations promoting sustainable practices, and growing consumer demand for eco-friendly products. Bioplastics and biopolymers, distinguished by their biodegradability and reduced carbon footprint, address concerns associated with conventional plastics. Major industry players invest …
FMI Projection Affirms Global Mini Cranes Market Share 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 …
IoT Development Kit Market is expected to be valued at US$ 30,725.5 Million by 2032
The IoT development kit market is projected to grow from US$ 6,221.3 million in 2022 to US$ 30,725.5 million in 2032, at a CAGR of 17.3% from 2022 to 2032. Previously, from 2017 to 2021, the demand for IoT development kits grew at a CAGR of 14.2%. The Internet of Things (IoT) development kit is a fully …