The tower crane market is primed for significant growth, projecting an ascent to USD 21,063.30 million in 2023, further reaching an impressive USD 33,661.95 million by 2033. This notable expansion is expected to be upheld by a consistent Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033. The development of efficient tower cranes …
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FMI Study States Global Water Treatment Market Revenue Share to Exceed USD 137.17 Billion Mark by 2034, Growing at 7% CAGR
The global water treatment market is on track to reach an estimated value of around USD 137.17 billion by 2034, growing at a CAGR of 7%. Among the standout segments within this market, water treatment systems are poised for a substantial surge in demand in the forthcoming years. The impetus behind this growth is the …
FMI Forecasts Global Industrial Magnetrons Market Share Projected to Drive Past USD 5.82 Billion by 2026, Growing Steadily at 5.4% CAGR
In a forecast by Future Market Insights (FMI), the global industrial magnetrons market is poised for robust expansion, with anticipated revenues exceeding USD 5.82 billion by the year 2026. Reflecting a sturdy Compound Annual Growth Rate (CAGR) of 5.4%, this trajectory underscores the escalating adoption of magnetron technology across diverse industries, notably within industrial heating …
FMI Predicts Global HID Ballast Market to Undergo a Contraction, Reaching Diminished Value USD 3.6 Billion by 2027 at -9.8% CAGR
The global HID ballast market is forecasted to undergo a notable contraction, reflecting a Compound Annual Growth Rate (CAGR) of -9.8% from 2022 to 2027, according to analysis by Future Market Insights, Inc. This substantial reduction is anticipated to result in a decline from the market’s current valuation of USD 6.8 billion in 2022 to …
Recent Insights from FMI States Global Retail Printers Market to Exceed USD 4.9 Billion by 2026, Growing at an Average CAGR of 6.7%
The global retail printer market is on track for significant growth, with a projected market valuation exceeding USD 4.9 billion by 2026. This growth is fueled by a Compound Annual Growth Rate (CAGR) of 6.7%, building upon a solid foundation of USD 3.8 billion in sales achieved in 2022. A key factor driving this market …
Global Dredging Market Anticipated to Surge Past USD 20,638.92 Million Revenue Share by 2034, Driven by 2.15% CAGR Growth
The global dredging market is on track to surpass a valuation of USD 20,638.92 million by 2034, marking a transition from its 2024 figure of USD 16,684.12 million. This steady growth trajectory is supported by a Compound Annual Growth Rate (CAGR) of 2.15% throughout the forecast period, as expertly outlined by insights from Future Market …
FMI Projection States Global Noise Control Systems Market Set to Cross USD 10.3 Billion Revenue by 2033, Growing Steadily at 4.8% CAGR
The global noise control system market is projected to reach USD 10.3 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 4.8%. This growth comes after a period of temporary decline due to pandemic-related disruptions in construction, manufacturing, and commercial sectors. While the market faced challenges during the pandemic, it has …
FMI Projects Global Vibration Control Systems Market Estimated to Surpass USD 9.01 Billion Mark by 2032, Driving 6.2% CAGR Growth
The global vibration control systems market is on track for significant expansion, with an anticipated annual growth rate of 6.2% Year-on-Year (Y-o-Y), aiming to reach a substantial valuation of USD 9.01 billion by 2032. Despite facing challenges such as supply chain disruptions, particularly affecting sectors like automotive, aerospace, and healthcare equipment manufacturing from 2020 to …
FMI Projection States Global Gas Circuit Breaker Market Aims to Surpass USD 1,018.5 Million Mark by 2033, Growing at 4.2% CAGR
The global gas circuit breaker market demonstrated a substantial valuation of USD 647 million in 2022, laying the groundwork for an impressive trajectory. With a projected Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2033, the market is poised to achieve a noteworthy milestone, surpassing USD 1,018.5 million by 2033. Approaching the pivotal …
Global Medium Voltage Transformer Market Gears Up for USD 19,080.56 Million by 2033, Driven by 4.5% CAGR
The medium voltage transformer market is poised for significant expansion, with forecasts indicating a rise from USD 12,286.50 million in 2023 to an impressive valuation of USD 19,080.56 million by 2033. This anticipated growth is driven by a robust Compound Annual Growth Rate (CAGR) of 4.50% from 2023 to 2033. The evolving landscape of the …