New Product Development
A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at a CAGR over 3.7% between 2021 and 2031. Key factors influencing the growth of industrial noise control market include, Growing awareness of harmful levels of industrial noise Increasing emphasis on the protection of workers and employees from noise pollution …
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Up from the revenues worth US$ 61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favor the growth of market over the …
Continue reading “Industrial Valves Market Grow At CAGR 4% During Forecast 2019-2029”
As per newly released data by FMI, the barcode scanner market is estimated to be worth US$ 7 Bn in 2021. The market is expected to grow at a CAGR of over 7.6% between 2021 and 2031. Increase in healthcare sector is expected to increase the demand for barcode scanners over the assessment period. Despite challenges posed by COVID-19 …
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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 …
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 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 …
Continue reading “Foodservice Equipment Market Grow At CAGR 5% During Forecast 2019-2029”
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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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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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 …
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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