The global automated sortation system market is forecasted to achieve a significant milestone of USD 21.7 billion by 2034, reflecting a notable Compound Annual Growth Rate (CAGR) of 8.8% from 2024 to 2034. Furthermore, the market is anticipated to reach USD 9.3 billion in 2024, underscoring its continued expansion. The growth of automated sortation systems …
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Global Chopper Pumps Market Share Anticipated to Surge Past USD 1,429 Million Mark by 2033, Growing Steadily at 5.2% CAGR | FMI Study
The global chopper pump market is poised for remarkable growth, with 2022 witnessing an estimated value of USD 818.4 million. This figure is set to skyrocket in the coming decade, with experts predicting an astounding surge to USD 1,429 million by 2033. Such exponential growth, marking a compelling CAGR of 5.2% from 2023 to 2033, …
Global Submersible Pump Market Size to Exceed USD 19.39 Billion by 2033, Growing Steadily at 5.2% CAGR
Increasing from USD 11.68 billion in 2023, FMI predicts that the global submersible pump market could reach USD 19.39 billion by 2033. Between 2023 and 2033, submersible pump sales are expected to register a 5.2% CAGR. The key drivers of the expansion of the submersible pump market worldwide are the population boom of the globe and the rise in residential housing. …
Agricultural Equipment Market to Surge with a 4.2% CAGR, Reaching Approximately USD 171.4 Million by 2033
The agricultural equipment market is forecast to experience a growth of 4.2% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 171.4 million in 2033. The agriculture industry is expanding fast in the upcoming years, driven by the surging global population, which is expected to …
Global Pre-Insulated Pipe Market Soars to USD 11.2 Billion by 2034, With a 5.7% CAGR
By 2023, the global pre-insulated pipe industry will be worth USD 6.1 billion. Over the forecast period, the value is expected to increase at a 5.7% CAGR. The sector is expected to grow from USD 6.4 billion in 2024 to USD 11.2 billion by 2034. The market is expected to expand by 6.3% year on …
Global Cardiac Reader System Market Projected to Reach USD 1.5 Billion in 2019, Driven by High Demand for Benchtop Analyzers
Future Market Insights (FMI) projects a strong year-over-year growth of over 5% in revenue for the global cardiac reader system market, with total sales approaching USD 1.5 billion in 2019. Benchtop analyzers, which make up more than 80% of total cardiac reader system sales, continue to dominate due to their robust functionality, though compact analyzers …
Global Condition Monitoring Service Market to Reach $9.7 Billion by 2033 with a 9.8% CAGR Growth
The global demand for condition monitoring services is projected to surpass the valuation of US$ 9.7 Billion by 2033 end. As suggested by a new Future Market Insights (FMI) report, substantial growth in the condition monitoring service market is mainly backed by the growth of the power generation industry, which holds a prominent share of the overall …
Global Crane Market to Reach US$ 67.6 Billion by 2033, Driven by a 4.0% CAGR Growth
The global Crane Market is projected to witness significant growth in the coming years, driven by rapid urbanization, large-scale infrastructure projects, and increasing industrial activity across various regions. Cranes, essential for lifting and transporting heavy materials, are pivotal in construction, mining, shipping, and manufacturing sectors. As global demand for construction and industrial machinery rises, the …
Mercury Testing Service Market Poised for Growth Amid Rising Regulatory Standards and Health Concerns
Future Market Insights (FMI) has published its latest research on the mercury testing service market, covering the period from 2018 to 2028. According to the study, the market reached approximately USD 800 million in 2018 and is expected to see a year-over-year growth of 5% in 2019. Increasing regulatory attention on mercury emissions is driving …
Global Agriculture Testing Services Market Expands as Demand for Quality Assurance and Increased Production Rises
Agriculture testing services perform essential quality checks on various samples, including water, soil, seeds, food, and fertilizers, to ensure high-quality standards and optimize agricultural yields. Growing global demand for these services is driving substantial market growth. The agriculture testing services market is segmented by sample type (water, soil, seed, fertilizer, food, and others), service type …