The global ductless heating & cooling systems market has experienced remarkable growth, surging to an estimated worth of USD 98 billion in 2021, with a promising outlook for the future. Driven by a robust Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2032, industry forecasts suggest a substantial valuation of around USD 228 billion by the end …
Category Archives: Industrial News
Global Refrigeration Coolers Market Revenue Estimated to Cross USD 6,409.7 Million Mark by 2033, Surging at 5.6% CAGR
The net valuation of the total sales of refrigeration coolers in 2022 reached USD 3,567.2 million. With a CAGR of 5.6%, the refrigeration coolers market may worth USD 6,409.7 million by 2033. The growing requirement for food and beverage, meat and poultry processing, and refrigerated warehouses is propelling the demand for refrigeration coolers. Demand for walk-in cooler refrigeration has increased due to changing lifestyles and rising urbanization. Resulting …
FMI Analysis Affirms Global DC Switchgear Market Share to Surpass USD 29.361 Billion Mark by 2033, Driving 6.9% CAGR Growth
The DC switchgear market is revving up for a period of impressive growth, with a projected valuation of USD 15.066 billion in 2023. This strong foundation paves the way for a robust and consistent upward trajectory. Industry analysts forecast a compelling Compound Annual Growth Rate (CAGR) of 6.9% over the next decade (2023-2033), propelling the market towards …
Europe Multi Attachment Loaders Market Valuation to Exceed USD 1,173 Million Mark by 2033, Surging at 2.9% CAGR
The Europe multi-attachment loaders market is poised for significant growth, with an anticipated value of USD 858 million in 2022. Demand for multi-attachment loaders is expected to remain robust throughout the assessment period, primarily driven by the rapid development of the end-use sector, which is projected to reach a valuation of USD 1,173 million by 2033. This growth trajectory …
FMI Study Indicates Global Painting Robots Market Value to Reach USD 11 Billion Mark by 2033, Growing at 9.3% CAGR
The painting robots market, with a notable valuation of USD 4.5 billion in 2023, has laid a robust foundation for a promising decade ahead. Projections indicate substantial growth, aiming for a valuation of USD 11 billion by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 9.3%. A significant driver behind this market surge is the …
Global Gas Insulated Substation Market Size Anticipated to Surpass USD 24.6 Billion by 2033, Growing Steadily at 5.4% CAGR
The global gas insulated substation market is poised for significant expansion, starting from an estimated value of USD 14.6 billion in 2023, according to a comprehensive analysis conducted by Future Market Insights (FMI). Projections indicate substantial growth ahead, with the market expected to achieve a valuation exceeding USD 24.6 billion within the next decade, driven by a robust Compound …
Adoption of Film Capacitors in the Automotive and Electronics Sector to Propel Market past USD 3.9 Billion by 2033
According to a Future Market Insights (FMI) report, the global film capacitors market size is likely to reach an estimated USD 3 Billion in 2023. It is projected to surpass USD 3.9 Billion by 2033. The market is estimated to witness steady growth at a CAGR of 2.6% from 2023 to 2033. Future Market Insights (FMI) mentions that the …
Pond Liners Market Revenue to Cross USD 3.8 billion by 2033 Due to Growing Demand for Water Storage and Management Solutions
According to a Future Market Insights (FMI) report, the pond liners market is projected to expand at 7.5% CAGR during the forecast period 2023 to 2033. Valuation is poised to be worth USD 1.8 billion in 2023. By 2033, the global market is set to witness a total of USD 3.8 billion. The market stood at a total …
Global Subsea Power Grid Systems Market Soars to USD 1.6 Billion in 2023, Heading for USD 5.2 Billion by 2033
According to a Future Market Insights (FMI) report, the global subsea power grid systems market is estimated to secure a valuation of USD 1.6 Billion in 2023 and USD 5.2 Billion by 2033. The market is anticipated to capture a CAGR of 12.5% by 2033. Opportunities in the Global Subsea Power Grid Systems Market The global market presents several opportunities for companies operating …
FMI Report Projects Africa Zero Liquid Discharge System Market Valuation to Hit USD 53.1 Million by 2033, Surging at 5.6% CAGR
The Africa zero liquid discharge system market is poised for significant advancement, with a projected valuation surpassing USD 53.1 million by 2033. This growth trajectory, characterized by a robust Compound Annual Growth Rate (CAGR) of 5.6% from 2023 to 2033, is underpinned by several factors, including the adoption of cutting-edge wastewater treatment processes and the notable efficiency enhancements offered …