The Australia conveyor maintenance market is positioned for robust growth, aiming for a projected valuation of USD 873.43 million by 2032, bolstered by a consistent compound annual growth rate (CAGR) of 2.9% from 2022 to 2032. With notable revenue reaching USD 675.29 million in 2022, the market underscores its current influence and untapped potential within the industrial …
Category Archives: Industrial News
Global Poultry Keeping Machinery Market Revenue Anticipated to Cross USD 7.7 Billion by 2033, Driven by Steady 4% CAGR
The poultry keeping machinery market is on a trajectory towards prosperity, currently valued at a substantial USD 5.2 billion as of 2023. Forecasts indicate a promising outlook, with the market set to experience significant growth at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033. This anticipated expansion is expected to culminate in an …
Global Heat Pump Market Share Forecasted to Hit USD 136.2 Billion by 2034, Surging at 10.2% CAGR | FMI Analysis
The global heat pump market is likely to capture a valuation of USD 51.6 billion in 2024 and reach USD 136.2 billion by 2034. The global market is anticipated to register a CAGR of 10.2% during the forecast period. Opportunities in the Heat Pump Market: Energy Transition Initiatives: Consumers are shifting towards clean, eco-friendly, and sustainable energy sources, bringing lucrative opportunities in the market. …
FMI Analysis Affirms Global Power Tool Market Share to Surpass USD 68,418.8 Million by 2034, Driven by a 6% CAGR Growth
The global power tool market is poised for significant growth, with projections indicating a market size of USD 36.04 billion in 2023, surging to an impressive USD 68,418.8 million by 2034, driven by a compelling Compound Annual Growth Rate (CAGR) of 6% over the forecast period from 2024 to 2034. This momentum is underpinned by several key …
FMI Study Indicates Global Solar Microinverter Market Size to Hit USD 5,716.0 Million Mark by 2032, Growing at 18.1% CAGR
The global solar microinverter market is poised to achieve an impressive Compound Annual Growth Rate (CAGR) of 18.1% from 2022 to 2032, projecting a valuation surpassing USD 5,716.0 million by the end of the decade. This remarkable surge not only reflects the increasing adoption of solar energy but also underscores the pivotal role that microinverters play in …
FMI Study States Global Centrifugal Pumps Market Size Projected to Surge Past USD 60 Billion by 2033, Registering a 6.2% CAGR
The centrifugal pumps market is currently assessed at approximately USD 33 billion for the year 2023, with a projected escalation to about USD 60 billion by the culmination of 2033. Anticipatedly, the uptake of centrifugal pumps is poised to make noteworthy progress, manifesting a Compound Annual Growth Rate (CAGR) of 6.2% throughout the envisaged period. A salient …
FMI Study Affirms Middle East Conveyor Belts Market Valuation to Cross USD 338.7 Billion Mark by 2033, Driven by 4.6% CAGR
The Middle East conveyor belts market currently boasts a significant valuation of USD 216.08 billion as of 2023, with projections indicating a rise to USD 338.7 billion by 2033. This dynamic market demonstrates a clear trajectory of upward momentum, having experienced notable growth from its 2022 valuation of USD 207.570 billion. The driving force behind this remarkable …
FMI Analysis Indicates Global Laser Safety Glasses Market Anticipated to Drive Past USD 1.05 Billion Revenue by 2028, Growing at 10.9% CAGR
Future Market Insights (FMI) analysis reveals that the global laser safety glasses market is poised for substantial growth, anticipated to exceed a valuation of USD 1.05 billion by 2028. Marking a significant Compound Annual Growth Rate (CAGR) of 10.9% during the period spanning 2022 to 2028, this projection underscores the escalating demand for laser safety solutions across …
Global Below 30 Hp Centrifugal Water Pump Market Size to Hit USD 68.95 Million by 2032, Driven by 5.3% CAGR | FMI Projection
The global below 30 Hp centrifugal water pump market is positioned for impressive expansion, aiming for a projected valuation of USD 68.95 million by 2032, compared to USD 37.1 million in 2022. This significant growth is supported by a projected compound annual growth rate (CAGR) of 5.3% over the forecasted period, highlighting the market’s dynamic and promising …
FMI Analysis Affirms Global Produced Water Treatment Systems Market to Exceed USD 8.41 Billion Valuation by 2034, Growing at 5.72% CAGR
The produced water treatment systems market is forecasted to achieve remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 5.72% from 2024 to 2034, resulting in a valuation exceeding USD 8.41 billion. Presently valued at approximately USD 4.55 billion in 2023, this substantial upward trend is primarily driven by the escalating global activities within the …