FMI’s analysis indicates a remarkable trajectory for the global personal protective equipment market, with projections suggesting a robust Compound Annual Growth Rate (CAGR) of approximately 5.5% from 2024 to 2034. Expected to surpass a significant milestone, the industry is on track to reach a pinnacle worth over USD 69,169.3 million by 2034, up from its estimated value of …
Category Archives: Industrial News
FMI Study Indicates Global Dynamic Positioning Systems Market to Reach USD 10.3 Billion Milestone by 2032, Surging at 11.6% CAGR
The global dynamic positioning systems market is poised for significant expansion, with projections indicating it will surpass a valuation of USD 10.3 billion by 2032. This reflects a robust Compound Annual Growth Rate (CAGR) of 11.6%, starting from its 2022 value of USD 8.2 billion. A key driver propelling this substantial growth is the increasing demand for dynamic positioning …
Global Food Sorting Machine Market Size to Exceed USD 3,887.6 Million by 2034, Driven by 4.5% CAGR Growth | FMI Report
The global food sorting machines market is poised for significant expansion, with an anticipated valuation exceeding USD 2,507.6 million by 2024. This upward trajectory is set to persist, characterized by a consistent Compound Annual Growth Rate (CAGR) of 4.5% throughout the assessment period, propelling the market size towards the USD 3,887.6 million milestone by 2034. A multitude of factors …
FMI Analysis Indicates Global Military Vehicles and Aircraft Simulations Market Share to Surpass USD 8.4 Billion Mark by 2032
The global military vehicles and aircraft simulations market charted an impressive course towards a projected valuation of USD 5.9 billion in 2022. Positioned on an extraordinary growth trajectory, this market anticipates a remarkable surge to USD 8.4 billion by 2032, driven by a robust Compound Annual Growth Rate (CAGR) of 7.1%. This substantial growth is propelled by a diverse …
FMI Research States Global Smart Waste Management Market Value to Reach USD 5 Billion Mark by 2032, Driven by 20% CAGR Growth
The global smart waste management market anticipated surge beyond the USD 2 billion milestone in 2022. Fueled by a robust Compound Annual Growth Rate (CAGR) of 20%, spanning from 2022 to 2032, the market is on track to attain a substantial size, reaching an approximate value of USD 5 billion by 2032. This compelling trajectory is intricately tied to …
Global Water Desalination Equipment Market Anticipated to Surge Past USD 22,645.8 Million by 2033, Growing at 8.6% CAGR
The global water desalination equipment market is poised for unprecedented growth, forecasting a promising revenue of USD 22,645.8 million by 2033. This surge is propelled by an impressive Compound Annual Growth Rate (CAGR) of 8.6%, extending through 2033, with the market presently valued at USD 9,924.1 million in 2023. The flourishing global water desalination equipment market not only signifies …
Global Screw Compressor Market Revenue to Drive Past USD 22.10 Billion Milestone by 2034, Growing at 3.4% CAGR
The global screw compressor market is poised to achieve a projected value of USD 22.10 billion by 2034, sustaining a steady annual growth rate of 3.4%. This growth is primarily fueled by the pervasive influence of automation trends, driving the industry to unprecedented levels of success. A significant contributing factor to the market’s evolution is the increasing demand for …
FMI Report Indicates Global Microturbines Market Value Forecasted to Reach USD 188.3 Million by 2032, Surging at 10.8% CAGR
The global microturbines market is forecasting an impressive CAGR of 10.8% from 2022 to 2032, expected to cross USD 188.30 million. The allure of this trajectory is heightened by the deliberate focus of microturbine manufacturers on strategic opportunities emphasizing a compact design, lightweight construction, heightened efficiency, reduced emissions, cost-effective operation, and the remarkable ability to generate electricity from …
Global Compact Construction Equipment Market Valuation to Surpass USD 325.4 Billion Mark by 2033, Driving 3.8% CAGR Growth
The global compact construction equipment market is poised for substantial expansion, with a projected valuation of USD 224.1 billion by 2023, laying the foundation for continued growth. Supported by a notable Compound Annual Growth Rate (CAGR) of 3.8% forecasted from 2023 to 2033, a comprehensive analysis conducted by FMI underscores the market’s potential to reach a significant USD …
Global Gate Valve Market Revenue Anticipated to Reach USD 24.3 Billion mark by 2033, Driven by 5.0% CAGR Growth
The global gate valve market is set for significant expansion, with projected revenues reaching USD 14.8 billion by 2023. Industry forecasts indicate a consistent Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2033. This trajectory positions the gate valve market to achieve a noteworthy milestone of USD 24.3 billion by the end of the assessment period, underscoring …