According to FMI, the global machine control system market would increase at a 6.5% CAGR during the forecast period. The industry’s size is predicted to increase from US$ 8,223.6 million in 2023 to US$ 15,436.8 million by 2033. GIS, GNSS, robotics, and laser scanning are among the technologies used in machine control systems. These technologies …
Category Archives: Business
Meeting Fluid Handling Needs | Flourishing Growth of Water Pumps Market in Europe by 2031
The Europe Water Pumps Market was worth US$ 8 billion in 2021 and is expected to be worth US$ 11.4 billion by 2031, growing at a CAGR of 4.3% between 2021 and 2031. Europe has long been the market leader in water pumps. This state is expected to continue even in the forecast period. More than 25% …
Rising Demand for Construction Solutions | Promising Growth Outlook for the Tower Crane Rental Market by 2031
According to FMI’s comprehensive study, the global tower crane rental market is expected to exceed US$ 6.49 billion in 2021. Due to the inability of small and medium-sized businesses to afford cranes, the market is expected to grow at a CAGR of 5.7% between 2021 and 2031, compared to a 1.5% CAGR between 2016 and 2020. Rapid …
Ensuring Safety and Compliance | Thriving Market for Electrical Testing Services in North America by 2031
According to the report, the North America electrical testing services market will grow at a 5.9% CAGR between 2021 and 2031. The economic impact of COVID-19 reduced demand for electrical testing services in 2020. With various end-use sectors already returning to normal operations, the market for electrical testing services in North America will expand. The …
Empowering Manufacturing and Infrastructure | Thriving Market for Industrial Hoses in China by 2031
The China Industrial Hoses market is is expected to surpass a valuation of US$ 1.9 Billion in the year 2031 and is expected to reach at a CAGR of 7.3% between 2021 and 2031. The manufacturing vertical is resorting to industrial hoses for ascertaining minimum leakages with lower operating costs. Cryogenic transfer hoses are in …
Advancing Chemical Process Engineering | Emerging Trends and Opportunities in the Glass Reactors Market by 2031
The global glass reactor market is expected to develop at a CAGR of 5.6% from 2021 to 2031, with sales of 400 thousand units. Despite the challenges posed by the COVID-19 outbreak, the market grew by 4.6% year on year in 2021. The growth of the chemical and industrial industries is driving up demand for …
Driving Sustainable Water Treatment | Promising Growth Outlook for the Reverse Osmosis Pump Market from 2023 to 2033
According to Future Market Insights (FMI), the reverse osmosis pump market is estimated to exceed US$ 6.2 billion in 2023, driven by expanding applications in the oil and gas and water treatment industries. The future for reverse osmosis pump demand remains optimistic, with a CAGR of 9% expected from 2023 to 2033. The increased use …
Harnessing the Power of Tritium: Exploring the Potential of the Tritium Light Source Market from 2023 to 2033
The global tritium light source market is anticipated at US$ 6.6 billion in 2022. The sector is gaining pace as companies provide technologically improved tritium light sources with various integrated technologies. The market is expected to accumulate a valuation of US$ 8.6 billion in 2033, recording a CAGR of 2.5% from 2023 to 2033. The market is likely to secure US$ 6.7 billion in …
Delivering Powerful Performance | Promising Growth Opportunities in the U.S. Hitter Based Hand Tools Market from 2022 to 2028
The market for hitter-based hand tools in the United States is expected to reach US$ 687.1 million by 2028, expanding at a CAGR of 3.3% during the forecast period (2022 – 2028). In light of increased construction and DIY activities in the region, FMI has specifically studied the US market for hitter-based hand tools. Various …
Powering the Future of Energy Storage | Flourishing Growth of the Silicon Anode Battery Market from 2023 to 2033
The global silicon anode battery market is likely to be valued at US$ 2.7 billion in 2023. The increasing application of technologically improved silicon anode batteries with high storage capacity across various industries is driving the market growth. FMI projects market is estimated to garner US$ 131.6 billion in 2033, recording a CAGR of 47.5%from 2023 to …