The North America variable frequency drive market is experiencing robust growth, with an anticipated valuation of USD 9.8 billion by 2034, following a significant milestone of USD 5.3 billion in 2024. This positive trajectory is underpinned by a commendable compound annual growth rate (CAGR) of 6.2% projected for the entire forecast period. A primary driver behind this exceptional expansion …
Monthly Archives: January 2025
NGS Sample Preparation Industry to Reach USD 5441.1 Million by 2032, Growing at a 13.7% CAGR
The global next-generation sequencing (NGS) sample preparation industry is poised for remarkable growth, with its valuation projected to rise at a compound annual growth rate (CAGR) of 13.7%, reaching USD 5441.1 Million by 2032. This significant expansion is driven by the increasing adoption of NGS technologies across research, clinical, and diagnostic applications, along with continuous …
FMI Study Indicates Global Positive Displacement Pumps Market Size to Drive Past USD 21.72 Billion by 2033, Surging at 4.4% CAGR
The global positive displacement pumps market is projected to increase at a CAGR of 4.4% during the forecast period between 2023 and 2033. This promising growth rate is poised to expand the marketplace for the market positively by reaching a total of USD 21.72 billion by 2033. According to a report from Future Market Insights, the net worth of the total positive …
FMI Analysis Affirms Global High Pressure Processing Equipment Market to Exceed USD 1.1 Billion Mark by 2033, Surging at 12.8% CAGR
The global high pressure processing equipment market is on an impressive trajectory, with aspirations to achieve a valuation surpassing USD 1.1 billion by 2033. This notable growth is propelled by a compelling Compound Annual Growth Rate (CAGR) of 12.8%, expected from 2023 to 2033. The momentum driving this substantial expansion is fueled by the rise of innovative clean label …
Australia Conveyor Maintenance Market Revenue to Reach USD 873.43 Million by 2032, Driven by Steady 2.9% CAGR
The Australia conveyor maintenance market is positioned for robust growth, aiming for a projected valuation of USD 873.43 million by 2032, bolstered by a consistent compound annual growth rate (CAGR) of 2.9% from 2022 to 2032. With notable revenue reaching USD 675.29 million in 2022, the market underscores its current influence and untapped potential within the industrial …
Global Poultry Keeping Machinery Market Revenue Share to Hit USD 7.7 Billion by 2033, Driven by Steady 4% CAGR
The global poultry keeping machinery market is on a trajectory towards prosperity, currently valued at a substantial USD 5.2 billion as of 2023. Forecasts indicate a promising outlook, with the market set to experience significant growth at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033. This anticipated expansion is expected to culminate in …
FMI Research Affirms Global Heat Pump Market Share Forecasted to Hit USD 136.2 Billion by 2034, Surging at 10.2% CAGR
The global heat pump market is likely to capture a valuation of USD 51.6 billion in 2024 and reach USD 136.2 billion by 2034. The global market is anticipated to register a CAGR of 10.2% during the forecast period. Opportunities in the Heat Pump Market: Energy Transition Initiatives: Consumers are shifting towards clean, eco-friendly, and sustainable energy sources, bringing lucrative opportunities in the …
Injection Pen Industry to Surpass USD 85.8 Billion by 2033, Growing at a 7.0% CAGR
The global injection pen industry is projected to experience robust growth over the next decade, with its valuation rising from USD 40.7 billion in 2022 to USD 85.8 billion by 2033. This reflects a compound annual growth rate (CAGR) of 7.0% during the forecast period, driven by the increasing prevalence of chronic diseases and the …
FMI Analysis Affirms Global Power Tool Market Size Forecasted to Cross USD 68,418.8 Million by 2034, Driven by a 6% CAGR
The global power tool market is poised for significant growth, with projections indicating a market size of USD 36.04 billion in 2023, surging to an impressive USD 68,418.8 million by 2034, driven by a compelling Compound Annual Growth Rate (CAGR) of 6% over the forecast period from 2024 to 2034. This momentum is underpinned by several key factors, including …
Computed Tomography Industry to Reach USD 7566.1 Million by 2034, Growing at a 3.8% CAGR
The global computed tomography (CT) industry is poised for steady growth, with its valuation projected to rise from USD 5.21 billion in 2024 to USD 7.57 billion by 2034. This growth represents a compound annual growth rate (CAGR) of 3.8% over the forecast period, driven by technological advancements, increasing prevalence of chronic diseases, and the …