The robotic gripper market is estimated to secure a valuation of USD 1.7 Billion in 2023 and is projected to reach USD 4.3 Billion by 2033. The market is estimated to thrive at a CAGR of 9.4% during the forecast period. How are Developing Countries Performing their Role in the Global Market? Developing countries are capturing huge …
Category Archives: Industrial News
Significant Growth: Building Automation Systems Market Projected to Hit USD 96,264 Million by 2033, with a CAGR of 7.4%
The building automation systems market size is projected to be valued at USD 47,800 Billion in 2023 and is expected to rise to USD 96,264 Million by 2033. The sales of building automation systems are expected to grow at a significant CAGR of 7.4% during the forecast period. The market for building automation systems is …
Projected Growth: Carbon Brush Market Set to Reach USD 4,503.6 Million by 2033, with a CAGR of 4.5%
The global carbon brush market is anticipated to exceed USD 4,503.6 million in 2033 as opposed to an estimated USD 2,900 million in 2023. The target market is slated to expand at an average CAGR of 4.5% from 2023 to 2033. Carbon brushes find extensive application in motors, generators, and other electrical equipment to transfer …
FMI Study Affirms Global Access Control and Authentication Market Estimated to Reach USD 28.1 Billion by 2033, Driving 7.6% CAGR Growth
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, …
Global Atomic Clock Market Revenue Anticipated to Drive Past USD 1048.4 Million Mark by 2033, Growing at 7% CAGR | FMI Prediction
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 …
FMI Study States Global Adaptive Optics Market Share to Cross USD 14.5 Billion by 2033, Growing at a Robust CAGR of 24.9% CAGR
The global adaptive optics market is poised for an extraordinary ascent, projected to surge from its 2023 valuation of USD 1.6 billion to a staggering USD 14.5 billion by 2033. This remarkable trajectory underscores the increasing significance of adaptive optics technology on a global scale. Undergoing a transformative journey, the adaptive optics market is buoyed by recent …
FMI Predicts Global Sliding Bearings Market Forecasted to Drive Past USD 2,420.0 Million by 2033, Driven by 8.7% CAGR Growth
The sliding bearing market is poised for significant growth, with a robust Compound Annual Growth Rate (CAGR) of 8.7% projected from 2023 to 2033, according to the latest report from Future Market Insights (FMI). This forward-looking projection not only indicates sustained demand for sliding bearings but also suggests an accelerated pace, with sales expected to surpass the …
FMI Study Projects Global Cutting and Bending Machine Market to Exceed USD 16,383.6 Million by 2032, Growing at 7.1% CAGR
The global cutting and bending machine market expects a valuation of USD 16,383.6 million by 2032, driven by a robust Compound Annual Growth Rate (CAGR) of 7.1%. Initially valued at USD 8,238.3 million in 2022, the market is experiencing heightened demand across sectors such as automotive, aerospace, electronics, and construction. This growth is attributed to the widespread …
FMI Projects Global Industrial Planetary Gearbox Market Share to Reach USD 6.5 Billion by 2033, Driven by 5.2% CAGR Growth
The global industrial planetary gearbox market is poised for significant expansion, with an anticipated valuation of USD 6.5 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033. A key driver behind this growth is the increasing demand for precision gearboxes, particularly within the cement industry. The cement sector’s …
FMI Analysis Affirms Global Industrial Counter Market Revenue Expected to Surge Past USD 1,560 Million Mark by 2033, Growing at 4.1% CAGR
The global industrial counter market is forecasted to reach an impressive valuation of USD 1560.0 million by the year 2033, fueled by a steady Compound Annual Growth Rate (CAGR) of 4.1% from 2023 onwards. With an estimated worth of approximately USD 1042.4 million in 2023, this market segment demonstrates a consistent trajectory of expansion, underpinned by its …