The global residential boiler market is projected to grow from USD 31.1 billion in 2023 to USD 53.1 billion by 2033, reflecting a CAGR of 5.5% over the forecast period. Market growth is being driven by the increasing demand for energy-efficient heating solutions, particularly in developing regions where construction activities are on the rise. A …
Category Archives: Automotive Insights
Water Turbine Market Expected to Reach USD 3.8 Billion by 2032, Fueled by Growing Demand for Renewable Energy
The global water turbine market is projected to rise from USD 2.4 billion in 2022 to USD 3.8 billion by 2032, with a CAGR of 4.7% over the forecast period (2022–2032). Industries worldwide are increasingly turning to renewable energy sources such as solar, wind, and water, driving a notable increase in demand for water turbines. …
Global Composting Equipment Market to Reach USD 177 Million by 2033, Driven by Shifting Consumer Lifestyles
The global composting equipment market is estimated to be worth USD 124.3 million in 2023 and is projected to grow at a CAGR of 3.6%, reaching USD 177 million by 2033. This growth is largely driven by changing consumer lifestyles that emphasize sustainability and eco-friendly practices. Composting equipment is utilized to produce fertilizer and rich …
Global Motor Generator Set Market Projected to Reach USD 4.5 Billion by 2033, Driven by Energy Efficiency Demand
The global motor generator set market is expected to be valued at USD 2.6 billion in 2022, with strong demand anticipated throughout the assessment period. This demand is fueled by a growing emphasis on energy efficiency, leading to a projected market value of USD 4.5 billion by 2033, reflecting a CAGR of 5.3% from 2023 …
Global Mooring Compensators Market Projected to Reach USD 2439 Million by 2032, Driven by Durability and Customization
The global mooring compensators market is currently valued at USD 1780 million and is expected to grow to USD 2439 million by 2032, achieving a CAGR of 3.2% from 2022 to 2032. Mooring equipment is typically made from propylene rubber, known for its resistance to sunlight and ozone. Mooring compensators play a crucial role in …
Motorized Decoiler Machine Market Projected to Reach USD 4.8 Million by 2033, Driven by Technological Advances and Manufacturing Applications
The global motorized decoiler machine market is expected to be valued at USD 3.2 million in 2022, with strong demand anticipated throughout the assessment period. This growth is attributed to advancements in technology and increased applications in manufacturing, with projections indicating a market value of USD 4.8 million by 2033, reflecting a CAGR of 3.9% …
Global High Voltage Switchboard Market Projected to Reach USD 5.0 Billion by 2033, Driven by Growing Energy Demand
In 2023, the global high voltage switchboard market is expected to be valued at USD 3.0 billion, with consumption forecasted to grow at a CAGR of 5.3% from 2023 to 2033, reaching around USD 5.0 billion. This growth will be driven by increasing energy demands and heightened requirements in sectors such as mining, power generation, …
Trim Tabs Market Outlook: Anticipating 8.70% CAGR Growth and a Valuation of USD 7,033 Million by 2033 | FMI Reports
Trim Tabs Market In 2022, the global Trim Tabs Market was valued at USD 2,800 million and is expected to reach USD 3,053 million in 2023. According to Future Market Insights (FMI), the market is projected to grow at a notable CAGR of 8.70% from 2023 to 2033, potentially reaching around USD 7,033 million by …
Electric Motor Horn Market Forecast: Projected to Hit USD 88.4 Billion by 2033 with a 9.1% CAGR Growth | FMI Reports
Electric Motor Horn Market In 2022, the global electric motor horn market was valued at USD 35.1 billion and is expected to grow to USD 37 billion in 2023. According to Future Market Insights, the market is projected to expand at a robust CAGR of 9.1% from 2023 to 2033, reaching an estimated USD 88.4 …
Electric Vehicle Motor Market Poised for 21% CAGR Growth, Projected to Reach USD 571,809.04 Million by 2034 | FMI Reports
Electric Vehicle Motor Market The global electric vehicle (EV) motor market is on track for significant growth, with an expected CAGR of 21% from 2024 to 2034. Market revenue is projected to rise from USD 84,995.77 million in 2024 to USD 571,809.04 million by 2034. Currently, EV motors hold a 14.3% share of the total …