According to Future Market Insights’ latest industry analysis, the global turboexpanders market size is estimated to be around USD 1.2 billion in 2024. It is projected to exhibit a CAGR growth of 5.40% over the forecast period, with an estimated market size of USD 2 billion by 2034. The market for turboexpanders has been witnessing significant growth in recent years due to …
Category Archives: Industrial News
Global Protective Glove Market Share Forecasted to Reach USD 40.6 Billion Revenue by 2034, Driven by 6.7% CAGR Growth | FMI Analysis
The global protective glove market size is poised for significant growth, reaching USD 21.2 billion in 2024. The sales of protective gloves are expected to grow at a CAGR of 6.7% from 2024 to 2034. The demand for protective gloves is anticipated to reach a valuation of USD 40.6 billion by 2034. The primary catalysts advancing the growth of the disposable glove market include the …
Global Power Plant Boiler Market Valuation to Drive Past USD 40 Billion Milestone by 2034, Surging Steadily at 5.80% CAGR Growth
The global power plant boiler market value is expected to rise from USD 22.7 Billion in 2024 to USD 40 Billion by 2034. This estimated growth is expected to be driven by a promising CAGR of 5.80% in the power plant boiler industry over the next decade. Governments around the world are investing in upgrading their present power plants. This, along with the …
FMI Study Affirms Global Barrier System Market Estimated to Reach USD 34 billion by 2034, Driven by 4.3% CAGR Growth
The barrier system market is anticipated to be valued at USD 22.2 billion by 2024. The market valuation is estimated to be USD 34 billion by 2034, projected at a CAGR of 4.3%. The barrier system market encompasses various products and solutions that provide safety, security, and control in various environments. Barrier systems are utilized across diverse sectors, including transportation, industrial, commercial, and …
Global Power Grid Market Valuation Aims to Reach USD 471 Billion Milestone by 2034, Growing Steadily at 4.6% CAGR Growth
The global power grid market size is poised for significant growth, reaching USD 300 Billion in 2024. Sales of power grids are expected to witness a robust CAGR of 4.6% from 2024 to 2034. By 2034, the demand for power grids is anticipated to reach a valuation of USD 471 Billion. Driven by advancements in renewable energy technology, the goal of reducing …
Global DC Drive Market Share Forecasted to Drive Past USD 9.8 Billion Valuation by 2034, Growing Steadily at 5.3% CAGR | FMI Analysis
The DC drive market had an estimated market size of USD 5.5 Billion in 2023 and is expected to reach a global market size of USD 9.8 Billion by 2034, increasing at a CAGR of 5.3% between 2024 and 2034. By 2024, the market for DC drive is likely to reach a valuation of USD 5.8 Billion. The market is mostly driven by the …
FMI Analysis Suggests Global Degaussing System Market Valuation to Exceed USD 925 Million Mark by 2034, Driving 3.6% CAGR Growth
The degaussing system market is expected to be valued at USD 647.5 Million by 2024. The market valuation is estimated to be USD 925 Million by 2034, projected at a CAGR of 3.6%. Advanced materials might be incorporated into future degaussing systems to reduce magnetic signatures. Various naval vessels could be made from these materials, which would make them more efficient and …
FMI Study States Global Industrial Dishwasher Market Forecasted to Reach USD 629.5 Million by 2033, Growing Steadily at 3.3% CAGR
The industrial dishwasher market projects a steady Compound Annual Growth Rate (CAGR) of 3.3% by the year 2033. This trajectory signals a substantial uptick in market value, with estimates suggesting a rise from its 2023 valuation of USD 453.6 million to an impressive USD 629.5 million by 2033. This noteworthy ascent follows a period characterized by subdued …
FMI Projection States Global Commercial Griddle Market Share Aims to Exceed USD 834.2 Million by 2033, Surging at 4.7% CAGR Growth
The global commercial griddle market is charting a promising trajectory, with Future Market Insights (FMI) projecting a Compound Annual Growth Rate (CAGR) of 4.7% over the forecast period. FMI’s analysis indicates significant progression for this thriving market, with an impressive valuation of USD 525.8 million in 2023, expected to escalate to USD 834.2 million by 2033. Retrospective …
FMI Analysis States Global Commercial Cutlery Market Expected to Exceed USD 17.1 Billion by 2033, Driving a Steady Growth of 3.3% CAGR
The global commercial cutlery market is primed for significant expansion, with estimations indicating a remarkable rise from USD 12.4 billion in 2023 to an impressive USD 17.1 billion by 2033. This growth trajectory is underpinned by a robust Compound Annual Growth Rate (CAGR) of 3.3% over the forecast period. In response to global uncertainties, the commercial cutlery …