One of the primary driving forces behind electric resistance welded (ERW) pipes and tubes market surge is the worldwide surge in infrastructural development projects. Ambitious initiatives are taking shape in various corners of the globe, from towering skyscrapers to expansive oil and gas pipelines. These undertakings fuel the demand for ERW pipes due to their …
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Welding Fume Extraction Equipment Market Projected to Reach US$ 7.4 Billion Valuation by 2033, Growing with an Average CAGR of 5.5%
The surge in demand for welding fume extraction equipment can be attributed to its indispensable role across a diverse array of industries. From aerospace and automotive to construction and manufacturing, the need for effective fume extraction solutions is witnessing exponential growth. These dynamic and constantly evolving industries are expanding their horizons, driving the requirement for …
Global Copper Pipes and Tubes Market to Witness a Steady 3.2% CAGR, Projected to Surpass US$ 48.8 Billion by 2033 | FMI
In the dynamic realm of industrial materials, the copper pipes and tubes market is gearing up for a remarkable trajectory. A comprehensive analysis conducted by FMI reveals a substantial Compound Annual Growth Rate (CAGR) of 3.2% during the projected period, with the market’s value poised to reach an impressive US$ 48.8 billion by the year 2033. This …
Unveiling Evolution and Opportunities: Empowering the Future in the Power Quality Equipment Market
The power quality equipment market is expected to be valued at US$ 38.04 Billion in 2023 and US$ 69.65 Billion by 2033. Sales of power-quality equipment are anticipated to increase at a CAGR of 6.25% during the forecast period. An increase in demand for continuous power supply to equipment used in process and manufacturing industries is a …
North America Spearheads Electrolyzer Market’s Growth [2022 to 2032], Setting the Pace
During the projection period, it is predicted that the electrolyzer market will maintain a steady CAGR of 32.21%. By 2033, the market is expected to be worth US$ 159.74 billion, up from US$ 9.79 billion in 2023, according to FMI. The market share of electrolyzers is expected to grow due to the increased development of innovative power …
Exclusive FMI Insights: Bitumen Sprayer Market Sustaining a Steady 4% CAGR Path Until 2032
The global bitumen sprayer market size is expected to grow from US$ 878.7 Million in 2022 to US$ 1,306.4 Million by 2032. Overall sales of bitumen sprayers are projected to surge at over 4.0% CAGR from 2022 to 2032. Rising investments in developing and expanding road infrastructure worldwide and growing adoption of advanced road construction machines with lower emissions are some of the …
Monumental Growth Forecast: Latin America’s Construction Equipment Market Set for Accelerated Expansion Until 2032
The Latin American construction equipment market is expected to grow from US$ 8,676.6 Million in 2022 to US$ 13,586.7 Million by 2032, with overall sales exhibiting a CAGR of 4.6% throughout the forecast period. Rising investments by the government in developing and expanding public infrastructure is a key factor expected to drive the demand for construction equipment across Latin America during the forecast …
Gas Detection Equipment Market Gaining Momentum, Expected to Surpass US$ 7,288.1 Million by 2032: Future Market Insights Analysis
According to Future Market Insights, the global gas detection equipment market is expected to grow from US$ 4,321.3 Million in 2022 to US$ 7,288.1 Million by 2032, with overall sales exhibiting a CAGR of 5.4% from 2022 to 2032. One of the main factors influencing demand for gas detection equipment is the quick development of global industries including mining and oil & gas, as well as an increasing emphasis …
Latin American Mining Equipment Market Anticipated to Surge to US$ 4,839.6 Million by 2032
The Latin American mining equipment market will grow at a CAGR of 3.7% from 2022 to 2032, reaching US$ 4,839.6 million. By 2022, market sales are anticipated to reach US$ 3,378.8 million in value. More than 77.5% of the market for mining equipment is now made up of surface mining equipment. During the anticipated period, consumption and …
Asphalt Pavers Market Set for Significant Growth, Envisioned to Hit US$ 3,414.6 Billion by 2032 – Future Market Insights
The size of the world market for Asphalt Pavers Market was US$ 2,135.0 million in 2021, and it is anticipated to reach US$ 2,220.4 million in 2022. The entire sales of asphalt pavers are also anticipated to increase at a 4.4% CAGR between 2022 and 2032, achieving a total valuation of US$ 3,414.6 Million by 2032, as …