One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries. Global sales of HID ballasts is estimated to be valued at US$ 6.8 Bn in 2022 and this is projected to drop down to US$ 3.6 Bn by 2027. In a bid to sustain …
Author Archives: editor
Worldwide Heat Recovery Steam Generator Market Is Poised To Grow At A 5.7% CAGR Through 2031
As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is anticipated to reach US 1.1 Bn in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031. In addition, government initiatives in counties such as the U.S., the U.K., …
Medium Voltage Transformer Industry To Attain A Valuation Of US$ 16.1 Bn By 2028
The report analyzes the medium voltage transformer market and provides critical insights for the forecast period of 2022-2028. The global medium voltage transformer market stands at a net worth of US$ 11.7 Bn in 2022, and is predicted to rise at a CAGR of 4.6% over the forecast period (2022-2028) to attain a valuation of US$ 16.1 Bn by 2028. Future Market …
Continue reading “Medium Voltage Transformer Industry To Attain A Valuation Of US$ 16.1 Bn By 2028”
Industrial Robots Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2031
Adoption of the industrial robots market continues to gain traction among big businesses, while SMEs are slow to take off. There has been a significant deceleration in new R&D initiatives, as COVID-19 induces a refocus on critical organizational activities. The new edition (2021-2031) edition of the industrial robots market study tracks key developments that will influence sales, …
Chilled Beam Systems Market Is Anticipated To Grow At A Steady Pace Exhibiting A 5.5% CAGR End Of 2031
Future Market Insights (FMI) in its recent market analysis, projects the global chilled beam systems market to reach US$ 308.5 Mn in 2021. With increasing adoption of chilled beams systems in healthcare facilities, corporate offices, and universities across various countries, the market is anticipated to grow at a steady pace, exhibiting a 5.5% CAGR. In 2020, chilled …
Odour Control System Market Is Estimated To Be Worth Around US$ 1.57 Bn In 2029
The newest market research study by Future Market Insights on odour control system includes the global industry analysis for 2014–2021 and market forecast for 2022 – 2029. The study observes the odour control system market and offers detailed perceptions for the forecast period of 2022-2029. According to the analysis and study done in the report, the global odour …
Continue reading “Odour Control System Market Is Estimated To Be Worth Around US$ 1.57 Bn In 2029”
Water Treatment System Industry Is Projected To Value Around US$ 112 Bn In 2030
The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights. Demand for potable water, changing government regulations, and awareness of the negative impact of untreated water are tipped …
Continue reading “Water Treatment System Industry Is Projected To Value Around US$ 112 Bn In 2030”
Retail Printers and Consumables Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2022
The Global Retail Printers and consumables market is projected to grow at a healthy CAGR of 5.3% and 5.0%, respectively, in terms of value over the forecast period of 2017 to 2027 primarily driven owing to increasing application in end-use industry. Retail printers are electronic devices typically designed for printing of labels and receipts that are used …
Global Palletizing Robots Industry Size, Current and Future Demand, Analysis, Growth and Forecast
Palletizing robots are a kind of equipment that help in the automatic compiling of various kinds of products on a pallet. The global palletizing robots market is slated to touch a value of about US$ 1,500 Mn in the year 2022 and display a robust CAGR during the assessment period. Pallet wrapping functions are an important part …
Process Automation and Instrumentation Market 2022 Outlook | Key Players: ABB Limited, Emerson Electric Company, Mitsubishi Electric Company
The global process automation and instrumentation market is expected to grow at a CAGR of 6.0% during the forecast period. The process automation and instrumentation market was valued at US$ 97,192 Mn in 2017, and is projected to grow significantly to reach US$ 174,121 Mn by 2027 end due to the increasing adoption of IoT platforms, digital …