According to a recent FMI report, the global district cooling market share is expected to reach US$ 63.2 billion by 2033, with a CAGR of 8% over the projected period. The study found that rising demand for energy-efficient cooling technology has a proportionate impact on district cooling adoption. Rapidly rising temperatures and the proven viability …
Category Archives: Business
Rising Demand for Efficient Energy Storage Solutions Driving Growth in the Absorbent Glass Mat (AGM) Battery Market 2022 to 2032
The global absorbent glass mat (AGM) battery market is expected to be worth US$ 18 billion by the end of the forecast period, growing at a 4.8% CAGR. In the coming years, market growth is expected to be fueled by increasing government support. The industry is expected to generate $11.2 billion by 2022. The primary …
Global Testing, Inspection, and Certification Market Outlook 2022 to 2032: Growing Demand for Quality Assurance & Compliance Driving Market Growth
The market for testing, inspection, and certification is expected to expand at a 1.8% CAGR through 2032, reaching USD 256.9 billion in 2032, up from USD 215 billion in 2022. The testing, inspection, and certification sector contributes significantly to the global economy by assisting in the improvement of product quality used by a diverse range …
Baking Industry Goes Hi-Tech: Exploring the Global Commercial Oven for Bakery Market Trends & Growth Opportunities 2023 to 2033
The global commercial oven for bakery market is expected to grow at a healthy CAGR of 4.1% during the forecast period. The commercial oven for bakery market is expected to be worth $1,092 million in 2023. By 2033, the commercial oven for bakery market is expected to be worth US$ 1,635.5 million. Because of their …
Rising Demand for Innovative and Energy-efficient Commercial Bar Equipment: Global Market Analysis & Forecast 2023-2033
The global commercial bar equipment market is expected to grow at a 4.8% CAGR during the forecast period. In 2023, the commercial bar equipment market is expected to be worth US$ 1.7 billion. The commercial bar equipment market is expected to be worth US$ 2.7 billion by 2033. The primary factor driving commercial bar equipment …
Global Industrial Gas Stove Market: Trends, Growth Opportunities & Forecast 2023 to 2033
The global industrial gas stove market is expected to grow at a CAGR of 3.3% from 2023 to 2033. The market is valued at US$ 8856.84 million in 2023, and it is expected to be valued at US$ 12254.11 million by 2033. Currently, luxury hotels are among the largest purchasers of industrial gas stoves. According …
Growing Demand for Advanced Fish Processing Equipment in Japan: Market Outlook from 2023 to 2033
Between 2023 and 2033, the fish processing equipment market is expected to grow at a healthy CAGR of 3.9%. The market is worth $308.1 million in 2023 and is expected to grow to $4451.6 million by 2033. The rise in per capita consumption of fish has raised the demand for fish-based products and processed fish. …
Emerging Opportunities in the Sauce Making Machine Market in Latin America from 2023 to 2033
The sauce making machine market is expected to grow at a consistent CAGR of 6.0% between 2023 and 2033. The market is expected to grow from US$ 1 billion in 2023 to US$ 41.8 billion by 2033. Expanding food choices along with increased use of sauces in food cuisines such as pizza, burgers, and pastas. …
Rising Demand for Soda Production Machines in North America: Trends & Growth Opportunities from 2023 to 2033
The Soda Production Machine market was valued at USD 789.2 million in 2023 and is expected to grow to USD 1,134.9 million by 2033, at a CAGR of 3.7% over the forecast period. It is expected that demand for soda production machines will increase due to their use in carbonating water and adding flavourings to …
Slitting Machine Market is expected to accumulate a value of US$ 682 Million during Forecast 2022 to 2032
The global slitting machine market was worth $498 million in 2022 and is expected to reach $682 million by 2032, growing at a CAGR of 3.2% during the forecast period. Slitting paper, plastic film, and metal foil is a common task for a slitting machine. Soft material can be slit using either circular or straight …