The conveyor dryer market is on the cusp of a significant valuation surge, with projections pointing towards an impressive USD 966.9 million by 2024. Growing interest and a deepening understanding of the conveyor dryer’s capabilities drive this remarkable ascent. The market is poised to unlock new avenues, exhibiting a CAGR of 3.1% from 2024 to 2034. As the journey continues, the …
Category Archives: Industrial News
FMI Predicts Global Glass Handling Robot Market Anticipated to Exceed USD 1,270.9 Million Mark by 2034, Driven by 4.8% CAGR Growth
The global glass handling robot market is anticipated to reach a valuation of USD 826.2 million in 2024, driven by customized solutions for small and medium enterprises. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.8% between 2024 and 2034, and reaching a total valuation of approximately USD 1,270.9 million by 2034. One of …
Global Airfield Fencing Market Share Expected to Drive Past USD 2,798.80 Million Mark by 2034, Growing Steadily at 2.50% CAGR
The airfield fencing market is predicted to be valued at USD 2,123.4 million in 2024 and USD 2,798.80 million by 2034. Over the projection period, the airfield fencing market is expected to surge at a CAGR of 2.50%. With increasing instances of unauthorized drone activities and security breaches, airports seek robust perimeter solutions, fueling demand for advanced, integrated fencing systems that effectively detect …
Global Industrial Robots Market Anticipated to Reach USD 25,828.99 Million Revenue by 2033, Driving 17.20% CAGR Growth | FMI Study
The global industrial robots market is poised for exceptional growth, projected to exceed a valuation of USD 25,828.99 million by 2033. Driving this remarkable expansion is a robust Compound Annual Growth Rate (CAGR) of 17.20%, starting from a 2023 valuation of USD 5,282.40 million. A significant catalyst behind this surge is the innovative concept of Robot-as-a-Service (RaaS), …
Global Dynamic Positioning Systems Market Valuation to Surpass USD 10.3 Billion by 2032, Driven by 11.6% CAGR Growth | FMI Analysis
The global dynamic positioning systems market is poised for significant expansion, with projections indicating it will surpass a valuation of USD 10.3 billion by 2032. This reflects a robust Compound Annual Growth Rate (CAGR) of 11.6%, starting from its 2022 value of USD 8.2 billion. A key driver propelling this substantial growth is the increasing demand for …
The North America Residential Ball Valves Market Expected to Exceed USD 554.1 Million Milestone by 2032, Growing at 5.6% CAGR
The North America residential ball valves market is poised for significant growth, with Future Market Insights (FMI) projecting a notable Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2032. By 2032, this dynamic market is anticipated to surpass a substantial valuation of USD 554.1 million. The increasing demand for residential ball valves in North America …
Global Screw Compressor Market Forecasted to Exceed USD 22.10 Billion Revenue by 2034, Driven by 3.4% CAGR Growth | FMI Analysis
The screw compressor market is poised to achieve a projected value of USD 22.10 billion by 2034, sustaining a steady annual growth rate of 3.4%. This growth is primarily fueled by the pervasive influence of automation trends, driving the industry to unprecedented levels of success. A significant contributing factor to the market’s evolution is the increasing demand …
FMI Study States Global Solar Microinverter Market Projected to Surpass USD 5,716.0 Million by 2032, Driving 18.1% CAGR Growth
The global solar microinverter market is poised to achieve an impressive Compound Annual Growth Rate (CAGR) of 18.1% from 2022 to 2032, projecting a valuation surpassing USD 5,716.0 million by the end of the decade. This remarkable surge not only reflects the increasing adoption of solar energy but also underscores the pivotal role that microinverters play in …
FMI Projects Global External Combustion Engine Market Gears Up for USD 889.0 Million Revenue by 2032, Growing Steadily at 3.9% CAGR
The global external combustion engine market is poised to experience a robust Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period. Initial projections suggest a market value of approximately USD 604.3 million in 2022, with a significant ascent anticipated to achieve an estimated valuation of USD 889.0 million by 2032. The heightened demand for external …
FMI States Global Extrusion Equipment Market Predicted to Exceed USD 8,764.6 Million Mark by 2032, Growing Steadily at 5.3% CAGR
The global extrusion equipment market is set to witness a substantial compound annual growth rate (CAGR) of 5.3% throughout the forecast period, with a targeted valuation of USD 8,764.6 million by 2032, showcasing significant expansion from its 2022 value of USD 5,243.7 million. The surge in demand for extrusion equipment across diverse industries can be attributed to …