The global safety valve market totalled USD 4.0 billion in 2022 and is set to reach USD 4.4 billion by 2023. Over the forecast period, global demand for safety valves is predicted to surge at 8.6% CAGR. By 2033, total revenue is projected to reach USD 10.0 billion. The oil and gas sector is anticipated to continue as the primary end-user of safety valves …
Category Archives: Industrial News
FMI Projects Global Tray Dispensers Market Set to Drive Past USD 3.1 Billion Valuation by 2033, Driving 6.7% CAGR Growth
The global tray dispensers market is poised to achieve a projected value of USD 1.6 billion in the current year. The driving force behind this surge is the escalating demand for customized tray dispenser solutions, surpassing market expectations. This robust trajectory is expected to persist, fueled by a forecasted Compound Annual Growth Rate (CAGR) of 6.7% from …
FMI Analysis Affirms Global Push Button Dispensers Market Revenue to Cross USD 6.3 Billion Mark by 2033, Driven by 3.5% CAGR Growth
The global push button dispenser market is anticipated to experience a period of consistent expansion, reaching a projected valuation of USD 6.3 billion by 2033. This growth trajectory is fueled by a steady Compound Annual Growth Rate (CAGR) of 3.5%, building upon a solid market base of USD 4.5 billion in 2023. Future Market Insights highlights a …
FMI Predicts Global Nugget Ice Machine Market Anticipated to Reach 133.9 Million Mark by 2033, Driven by 5.16% CAGR Growth
Future Market Insights projects a prosperous outlook for the global nugget ice machines market, was valued at USD 80.9 million in 2023. With a forecasted Compound Annual Growth Rate (CAGR) of 5.16% from 2023 to 2033, the market is poised to achieve a substantial valuation of USD 133.9 million by the end of the next decade. …
FMI Estimates Global Merchandising Carts Market Share to Surpass USD 5.8 Billion Mark by 2033, Growing Steadily at 4.1% CAGR
The global merchandising carts market is steadily ascending, with a projected value of USD 3.9 billion in 2023. This upward trend is primarily fueled by the burgeoning popularity of food trucks and street vendors, fostering a conducive environment for the thriving merchandising carts market. Looking ahead, a robust Compound Annual Growth Rate (CAGR) of 4.1% from 2023 …
Global Cold Forging Machines Market Expected to Surpass USD 38 Billion Mark by 2032, Driven by 5.5% CAGR Growth
The cold forging machines market was predicted to reach USD 22.16 billion in 2022, indicating a significant increase in demand. This upward trajectory is expected to continue, propelled by a strong compound annual growth rate (CAGR) of 5.5%, culminating in a remarkable market valuation that exceeds USD 38 billion by 2032. Unlike hot forging techniques, which require …
Global Pipes Market Share Anticipated to Surge Past USD 238.67 Billion Mark by 2034, Driving a Steady 5.01% CAGR Growth
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, …
Global RFID Kanban Systems Market Valuation to Exceed USD 8.4 Billion Mark by 2032, Driven by 18.1% CAGR Growth
The RFID Kanban systems market is poised for remarkable growth, with projections indicating a surge to surpass USD 8.4 billion by 2032, driven by an impressive compound annual growth rate (CAGR) of 18.1%. This upward trajectory, originating from a market size of USD 1.6 billion in 2022, underscores the transformative potential of RFID Kanban solutions in modern …
FMI Analysis Affirms Global Lightning Arrester Market Set to Reach USD 1,466.7 Million by 2032, Growing with an Average 6.5% CAGR
In the year 2022, the global lightning arrester market stands poised for significant expansion, with a valuation of USD 782.1 million, marking the onset of substantial growth over the next decade. Forecasts project a remarkable ascent to USD 1,466.7 million by 2032, indicating a robust Compound Annual Growth Rate (CAGR) of 6.5%. Lightning arresters, often overlooked yet …
Global Mining Hoses Market Share Projected to Drive Past USD 749.3 Million Milestone by 2032, Driven by 6.7% CAGR Growth
The mining hoses market is projecting a robust Compound Annual Growth Rate (CAGR) of 6.7% from 2022 to 2032, ultimately reaching an impressive USD 749.3 million by 2032. Noteworthy is the market’s resilient expansion, with a slightly higher CAGR of 7.2% observed from 2015 to 2021, culminating in a market size of USD 364.0 million in 2021. …