New Product Development
The market for pneumatic actuators is projected to grow at a CAGR of more than 5% through 2031. The need for pneumatic actuators has recently increased dramatically as a result of more applications in numerous industries, including offshore, transportation, and industrial automation, to name a few. Pneumatic actuator market growth was temporarily slowed by the COVID-19 outbreak at the …
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In 2022, the market for industrial valves is anticipated to be worth approximately US$71.8 billion. The overall demand is anticipated to increase at a moderate CAGR of 4.3 percent between 2022 and 2029, totaling a valuation of US$ 96.2 Bn by 2029, as industrial valves are increasingly used to control the flow of materials. A new market research report by Future …
In 2022, it is anticipated that the global pallet pooling market will be worth US$ 7.1 billion. By 2032, the market is expected to reach US$ 12.9 Bn, with sales expected to grow at a steady 6.1 percent CAGR. Operators of warehouses prefer pallet pooling because it eliminates the need to repair, maintain, and sort individual pallets, saving time and resources. …
The market for high pressure processing equipment is expected to reach a value of more than USD 430 million by 2026, with a volume CAGR of 12.3% and a value CAGR of 13.7% during that time. Due to the launch of new clean label products and growing consumer awareness of their benefits, it is anticipated that the market for high pressure processing …
According to Future Market Insights (FMI), the global hand tools market will increase at a 5.6 % annual rate in 2022, reaching a value of around US$ 15.06 billion by the end of the year. Manufacturers have recognized the value of tool design manipulations, improvements, and the occasional inclusion of new features. Today’s tools must be durable, …
Continue reading “By 2022, The Hand Tool Market Is Expected To Be Worth Around US$15.06 Billion.”
Bulk terminals are crucial components of the industrial infrastructure because they guarantee the efficient and safe transportation of vital resources. Despite the COVID-19 pandemic’s current declines in seaborne trade, the world’s minor bulk trade has grown significantly. According to Future Market Insights (FMI) analysts, the amount of minor bulk traded globally has increased to 1.74 billion …
In 2020, there was less demand for electrical testing services as a result of COVID-19’s negative economic effects. However, as economies recover, it will trigger a recovery in business activity across a range of industries. The need for electrical testing services will consequently increase. Electrical testing services are a type of evaluation that include a thorough examination, …
In terms of market value, the Asia Pacific region is anticipated to dominate the global poultry-keeping machinery market, holding close to 39.5% of the market. In 2022, the global market for poultry keeping equipment is projected to grow by 3.2% annually, reaching a value of US$5.09 billion. The market is projected to grow at a CAGR of 3.6 …
The outdoor TV market will increase at a CAGR of 3.2 % between 2020 and 2030. An predicts lacklustre growth throughout the year, despite a southern demand trend in H1 2020. Outdoor television is thought to be more resistant to erratic weather and temperature changes. It has simple day and night dimming controls that allow …
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Sales in the global Mucus Clearance Devices Market are slated to top US$ 595.2 Mn in 2022. Expanding at a healthy 6.1% CAGR, the market size is projected to total US$ 847.0 Mn by 2028. The report has tracked Mucus Clearance Devices Market for a decade-old period of projection, 2022-2028. According to a recent market research study of Future Market Insights (FMI), more than …
