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 …
Category Archives: Industrial News
Global Commercial Water Heater Market Revenue Share to Exceed USD 16 Billion by 2034, Driven by 6.9% CAGR Growth | FMI Projection
According to Future Market Insights (FMI), the commercial water heater market is estimated to be worth USD 8.2 Billion in 2024 and is projected to be valued at USD 16 Billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 6.9%. Economic growth and increased construction activities, particularly in commercial sectors such as hospitality, healthcare, and …
FMI Study Predicts Global Access Control and Authentication Market Aims to Surge Past USD 28.1 Billion by 2033, Driven by 7.6% CAGR
The access control and authentication market is on a trajectory to achieve a significant valuation of over USD 28.1 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 7.6% from 2023 onwards. This remarkable expansion is primarily attributed to the critical role played by authentication platforms in establishing and verifying individuals’ legal identities, …
Carving Stations Market Value to Cross USD 31.99 billion by 2033, Driven by 25.2% CAGR
Global carving stations market to reach a valuation of USD 3.38 billion in 2023. Future Market Insights reports say that the market is expected to grow at a 25.2% CAGR from 2023 to 2033, anticipated to be valued at USD 31.99 billion by the end of 2033. Software and solutions are essential tools and platforms, which are …
Reach-In Refrigerators Market Size Expected to be Worth USD 58.94 billion by 2033, Driving 4.32% CAGR
Reach-in refrigerators, those ubiquitous workhorses of commercial kitchens and retail spaces, are experiencing a consistent rise in demand. They offer convenient access to chilled food and beverages, making them indispensable for various applications. Let’s delve into the factors propelling the reach-in refrigerator market forward, explore the trends shaping its evolution, and peer into its promising future. Growth …
Air Cooled Cube Ice Machines Market Set to Exceed 3.63 Billion by 2033, Growing at 8% CAGR | FMI Study
According to Future Market Insights (FMI), the global air-cooled cube ice machine market is forecast to grow by 8% between 2023 and 2033, reaching USD 3.63 billion by 2033, estimates FMI. There was significant growth in sales between 2018 and 2022, growing at a CAGR of 5%. Ice machines with air cooling are most commonly found under …
Outdoor Commercial Grills Market Share Projected to Exceed USD 5.0 Million by 2033, Driven by 5.8% CAGR Growth
The global Outdoor Commercial Grills market size is expected to be valued at USD 2.8 Million in 2023. With the continual expansion of the foodservice industry, the overall scope for Outdoor Commercial Grills Market is projected to grow at a CAGR of 5.8% between 2023 and 2033, totaling around USD 5.0 Million by 2033. Another factor driving the growth of the outdoor commercial grills market is …
FMI Analysis Affirms Global Portable Dehumidifier Market Revenue Share to Exceed USD 1.1 Billion Mark by 2033, Driven by 8% CAGR Growth
The global portable dehumidifiers market is anticipated to witness significant expansion, with forecasts indicating a remarkable valuation of USD 1.1 billion by 2033. Building upon a solid foundation established at USD 470.6 million in 2022, industry projections suggest a notable increase to USD 513 million by 2023, setting the stage for unprecedented growth over the coming decade. …
FMI Study States Global Galley Equipment Market Size Anticipated to Surge Past USD 16.8 Billion Mark by 2033, Growing Steadily at 5.3% CAGR
The galley equipment market is poised for a notable upward trajectory, propelled by a robust projected Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2033. This sustained growth has garnered significant interest among industry stakeholders, anticipating the market’s valuation to reach an impressive USD 16.8 billion by 2033. Often underestimated yet fundamentally vital to the …
FMI Projects Global Atomic Clock Market Revenue Anticipated to Drive Past USD 1048.4 Million Mark by 2033, Growing at 7% CAGR
The global atomic clock market, which reached a significant milestone of USD 494.6 million in 2022, is forecasted to surpass USD 531.7 million in 2023. Looking forward to the period spanning from 2023 to 2033, the market is expected to witness a robust Compound Annual Growth Rate (CAGR) of 7.0%. This steady growth trajectory is projected …