The global absorption chillers market is poised for substantial growth, projected to reach a market value of USD 1,532.7 million in 2022, with expectations to surge to USD 2,376.8 million by 2032. Over the forecast period spanning from 2022 to 2032, the market is estimated to expand at a noteworthy compound annual growth rate (CAGR) of …
Category Archives: Industrial News
Cooling Tower Fans Market Predicted to Expand, Projected USD 295.5 Million by 2033, with a CAGR of 3.6%
In 2023, the global cooling tower fans market is anticipated to be worth USD 207.5 million, rising to USD 295.5 million by 2033. The industry is predicted to expand at a CAGR of 3.6% between 2023 and 2033. Several key factors contribute to the growth and demand for cooling tower fans. The growing demand for …
FMI Analysis States Global Image Based Barcode Reader Market Anticipated to Grow at a Decent CAGR of 7% Upto 2032
The image-based barcode reader market forecasts a Compound Annual Growth Rate (CAGR) of 7% until 2032. This growth trajectory is propelled by the widespread integration of highly advanced smartphones across society, ushering in a new era of application-driven retail solutions. QR codes and barcodes, once primarily used for inventory management, are now becoming invaluable assets for captivating …
FMI Study States Global Water Treatment Market Revenue Share to Exceed USD 137.17 Billion Mark by 2034, Growing at 7% CAGR
The global water treatment market is on track to reach an estimated value of around USD 137.17 billion by 2034, growing at a CAGR of 7%. Among the standout segments within this market, water treatment systems are poised for a substantial surge in demand in the forthcoming years. The impetus behind this growth is the ever-growing demand …
Global Aircraft Sequencing Systems Market Valuation Expected to Reach USD 10.94 Billion by 2032, Driving an Impressive 11.5% CAGR Growth
The aircraft sequencing system market is poised to achieve a valuation exceeding USD 10.94 billion by 2032. A recent comprehensive analysis conducted by Future Market Insights reveals an impressive 11.5% Compound Annual Growth Rate (CAGR) for the global aircraft sequencing systems market from 2022 to 2032. This robust growth trajectory is propelled by the rapid proliferation of …
FMI Analysis Affirms Global Solar Shading Systems Market Aims to Reach USD 5.72 Billion Milestone by 2032, Driving 3% CAGR Growth
The global solar shading system market aims for a consistent Compound Annual Growth Rate (CAGR) of 3% until 2032. From its valuation of USD 3.9 billion in 2022, the market is forecasted to attain a robust USD 5.72 billion by 2032. This narrative of progression extends beyond numerical forecasts, encapsulating the increasing acknowledgment of the multifaceted benefits …
Global Rivet Gun Market Share Anticipated to Drive Past USD 799.9 Million Mark by 2028, Driving an Average 6.1% CAGR Growth
The global rivet gun market anticipates reaching a valuation of USD 799.9 million by the culmination of the forecast period in 2028. This trajectory is propelled by a robust Compound Annual Growth Rate (CAGR) of 6.1%, showcasing sustained and substantial growth that surpasses conventional expectations. The pivotal factor driving this narrative is the orchestrated interplay of various …
Global Automated Container Terminal Market Revenue to Exceed USD 20.3 Billion Milestone by 2033, Growing at 7.3% CAGR
The global automated container terminal market has achieved a commendable valuation of USD 10 billion in 2023, signalling a promising trajectory for future expansion. With a robust Compound Annual Growth Rate (CAGR) of 7.3% projected from 2023 to 2033, the market is poised to sustain its upward momentum, ultimately reaching an impressive valuation of USD 20.3 billion …
Global Automatic Checkweigher Market Revenue to Drive Past USD 355 Million Mark by 2033, Growing Steadily at 3.0% CAGR
The automatic checkweigher market demonstrated robust momentum, achieving a valuation of USD 263.6 million in 2023, signalling a promising trajectory of expansion. This growth is projected to continue with a Compound Annual Growth Rate (CAGR) of 3.0% from 2023 to 2033, resulting in a noteworthy valuation of USD 355.0 million by 2033. Such progression not only underscores …
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 …