Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the …
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Hand Tools Market Share, Development by Companies Outlook, Growth Prospects and Key Opportunities by 2031
The proliferation of do-it-yourself (DIY) culture owing to the rising labor costs in developed countries such as the UK, U.S., and Germany is anticipated to play a pivotal role in increasing the demand for hand tools. A study by Future Market Insights (FMI) has predicted the global hand tools market to reach ~US$ 25.6 Bn by the …
Foodservice Equipment Market Grow At CAGR 5% During Forecast 2019-2029
Foodservice operators across the Asia Pacific, Latin America, and the Middle East, and Africa will be witnessing the entry of new participants in these regional markets. The rapid increase in the number of quick-service restaurants (QSRs) and the rising frequency of establishment of new delivery units, especially for grab-and-go food products, will hold a significant …
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Heat Pumps Market Grow At CAGR 5% During Forecast 2020-2030
According to FMI’s recent study, the global heat pumps market was valued at around US$ 32 Bn in 2019 and is estimated to expand at a CAGR of 5% over the forecast period of 2020-2030, with a limited impact on the current pandemic situation on long-term growth forecasts. Increasing demand for tech-advanced cooling solutions with a low …
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Power Tools Market Grow At 5.1% CAGR During 2021-2031
The global power tools market size is expected to reach US$ 33.36 Bn in 2021. Increasing sales of cordless power tools will drive growth in the power tools demand by 5.1% CAGR between 2021 and 2031. As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming …
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India Power Tool Market Share, Development by Companies Outlook, Growth Prospects and Key Opportunities by 2026
Power tools utilise a power source mechanism, which is different from the ones used for manually operated tools. Power tools are used for construction and gardening, household tasks, for drilling, cutting, shaping, sanding, grinding, routing, polishing, painting and heating. Power tools are categorised on the basis of power source into electric power operated tools (circular …
Electrical Steel Market Value to Grow by Almost $79.5 Billion During 2021-2031
The electrical steel market is expected to register year-on-year growth at 5.3% in 2021, with the overall valuation forecast to reach US$ 37.5 Bn. A Future Market Insights (FMI) analysis estimates electrical steel sales to increase at 6.5% CAGR between 2021 and 2031. According to the study, the overall electrical steel market is expected to reach US$ 70.5 Bn by 2031. While …
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Centrifugal Pumps Market By Product Type, Application & Region – Forecast 2021-2031
The Centrifugal Pumps Market is expected to register positive growth through 2021, with the overall valuation forecast to surpass US$ 29 Bn in 2021. Future Market Insights (FMI) projects centrifugal pumps market sales to increase at 4.6% CAGR between 2021 and 2031. While industrial applications are expected to register maximum demand, growth exhibited by the agricultural segment will be …
Variable Frequency Drive (VFD) Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2031
Variable frequency drives demand is set to grow at over 4% in 2021, with growing emphasis on heating, ventilation and air conditioning (HVAC) systems and automotive pumps which are expected to generate substantial growth opportunities. The projections are based on the latest edition by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The global …
United States Commercial Refrigeration Equipment Market Growth At CAGR 4% During Forecast 2019-2029
The U.S. and EU5 will be in the vanguard of the commercial refrigeration equipment market, attributing to the strong presence of stakeholders that export their products to domestic and international end-users. On the other hand, the expanding F&B industry and growing preference for quick-service restaurants (QSRs) will drive demand in the Asia Pacific (APAC). While …