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. Central to …
Category Archives: Industrial News
FMI Study Indicates Global Transmission Sales Market Set to Reach USD 31.5 Billion by 2033, Growing at 6.9% CAGR
The global transmission sales market is poised for remarkable growth, expanding from USD 16.2 billion in 2023 to an estimated USD 31.5 billion by 2033. This rapid growth, marked by a compound annual growth rate (CAGR) of 6.9% over the forecast period, reflects the increasing demand for efficient power transmission systems across various industries. The global transmission sales market …
Asia Pacific Hydraulic Hose Assemblies Market to Reach USD 6,137.5 Million by 2033, Driven by Robust Industrial Expansion
The Asia Pacific hydraulic hose assemblies market is poised for significant growth over the next decade. According to Future Market Insights (FMI), the market is expected to register a robust compound annual growth rate (CAGR) of 6.5% from 2023 to 2033. By the end of this period, the market’s valuation will soar to USD 6,137.5 million, driven by …
FMI Analysis Indicates Global Digital Instrument Clusters Market Set to Surge Past USD 10.5 Billion by 2032, Surging at 20% CAGR
The global digital instrument clusters market is experiencing an extraordinary surge, propelled by a remarkable Compound Annual Growth Rate (CAGR) of 20% forecasted from 2022 to 2032. Expected to exceed a valuation of USD 10.5 billion by 2032, this substantial growth is driven by the burgeoning utilization of digital instrument clusters across both passenger vehicles and commercial fleets. Far …
Global Electric Fireplace Market Revenue Share to Cross USD 3,710.7 Million by 2034, Driven by 4.1% CAGR Growth
The global electric fireplace market has witnessed significant growth, with a projected Compound Annual Growth Rate (CAGR) of 4.1% from 2024 to 2034. Expected to reach USD 2,480.5 million by 2024, the market is anticipated to illuminate to a value of USD 3,710.7 million by the conclusion of 2034. Electric fireplace devices offer a cozy and convenient solution to …
FMI Report Projects Global Cold Forging Machines Market Set to Exceed USD 34.5 Billion Mark by 2034, Driven by 5.7% CAGR
The cold forging machines market was predicted to reach USD 19.8 billion in 2023, indicating a significant increase in demand. This upward trajectory is expected to continue, propelled by a strong compound annual growth rate (CAGR) of 5.7%, culminating in a remarkable market valuation that exceeds USD 34.5 billion by 2034. Unlike hot forging techniques, which require greater temperatures, …
Global Sound Level Measurement Meter Market Size Projected to Exceed USD 1,120 Million by 2032, Driven by 5.1% CAGR
The global sound level measurement meter market is poised for significant expansion, with forecasts indicating a valuation of USD 682 million in 2022. This upward trajectory is set to continue, driven by a robust compound annual growth rate (CAGR) of 5.1%, resulting in a substantial market value exceeding USD 1,120 million by 2032. The driving force behind this impressive …
Global Evaporative Condensing Units Market to Reach USD 2.7 Billion by 2033, Driven by Rising Demand for Energy-Efficient Cooling Solutions
The global evaporative condensing units market is poised for substantial growth, with its valuation projected to rise from USD 1.5 billion in 2023 to USD 2.7 billion by 2033. This growth corresponds to a robust compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2033. Evaporative condensing units, also known as evaporative condensers, are …
FMI Study Indicates Global Pipes Market Share to Reach USD 238.67 Billion Mark by 2034, Surging Steadily at 5.01% CAGR
The global pipes market is valued at a substantial USD 146.38 billion valuation by 2024. The projected growth trajectory is expected to be exceptionally strong, with a compound annual growth rate (CAGR) of 5.01%. By 2034, this trajectory is expected to propel the market to a remarkable valuation that will surpass USD 238.67 billion. The industrial sector, where …
Global Fluid Couplings Market Size Set to Reach USD 2.8 Billion by 2033, Surging Steadily at 4.6% CAGR | FMI Analysis
The global fluid couplings market is projected to grow significantly, with its valuation rising from USD 1.8 billion in 2023 to USD 2.8 billion by 2033, representing a robust compound annual growth rate (CAGR) of 4.6% during the forecast period. This steady growth is driven by increasing industrial automation, the rising need for energy efficiency, and the expanding application of fluid couplings across …