New Product Development
Radial drilling machines are expected to have a global market worth of US$ 8.8 billion by 2032, up from US$ 4.2 billion in 2022, growing at a CAGR of 7.7 percent. Drilling operations like boring holes, reaming, countersinking, counterboring, tapping, and spot facing and tapping are in high demand due to the growing industrial sector and increasing applications, which …
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Safety instrumentation system sales are projected to increase from US$ 4123.3 million in 2022 to US$ 6947.3 million in 2032, growing at a CAGR of 5.4 percent. There is an increasing need for engineers and technicians involved in the engineering process to remain aware of the implications of operating and designing safety-related systems in an environment where engineering is becoming …
The market for hot chamber die casting equipment is anticipated to reach US$ 1,012.3 million in 2022. Due to increasing end-user growth, including in the automotive industry, and exceptional qualities like low-cost runs and best-in-class finishing, the product is renowned for expelling casts in the required format from the molten feed. Hot chamber die casting machines are expected …
According to the market analysis report by Future Market Insights (FMI), the electronic equipment repair service market is forecasted to reach a net worth of US$ 228.2 Bn in 2032 growing up from US$ 121.2 Bn in 2022. It is estimated to witness an impressive CAGR of 6.5% through these years. With the improving economic conditions and development of worldwide electricity network systems, there has …
During the forecast period, the desiccant wheel market is anticipated to register a CAGR of 5.1 percent (2022 – 2032). The market for desiccant wheels is anticipated to be worth US$ 431.5 million in 2022 and US$ 708.4 million by 2032. As per the desiccant wheel market study, because of growing carbon dioxide levels and rising atmospheric temperatures, the general humidity content of the atmosphere has altered …
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In 2021, it is anticipated that the global anechoic chamber market will be worth USD 1.2 billion. Sales of the same are anticipated to reach USD 2 Bn between 2022 and 2032, growing at a CAGR of 21.7 percent. Another salient factor contributing to the market expansion is the increasing need for testing electronics. Moreover, the growing demand for anechoic chambers for …
The global swab and viral transport medium market is estimated to exhibit a CAGR of 6.1 % over the forecast period 2022-2030, according to a new research by Future Market Insights (FMI). An upswing in the sales of critical equipment with respect to collection and transportation of samples is currently underway. This has escalated the production of …
Medical drones are the advanced version of unmanned aerial vehicles used for delivering medical necessity in the catastrophic or emergence areas from the medical facilities. Medical drones are in research and development phase and require new technological improvement to deliver packages efficiently with minimal time. With the increasing penetration of logistic services and retailer services, …
The Dehydration, in general, is a body condition where there is deficit of water in the human body that is accompanied with disruption of metabolic processes taking place inside the body. Water forms an essential component of the human body constituting 75% of the body weight. Majority of this water proportion is found within the cells …
Increasing prevalence of cancer is one of the foremost factors leading to growing number of radiation therapy procedures around the globe. An estimated number of 28.7 million of worldwide population were living with cancer in 2014. Radiation therapy employs the use of high-energy particles or waves to destroy the cancerous cells. However, there is a need for …