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 …
Category Archives: Industrial News
FMI Projects Global Vibration Control Systems Market Estimated to Surpass USD 9.01 Billion Mark by 2032, Driving 6.2% CAGR Growth
The global vibration control systems market is on track for significant expansion, with an anticipated annual growth rate of 6.2% Year-on-Year (Y-o-Y), aiming to reach a substantial valuation of USD 9.01 billion by 2032. Despite facing challenges such as supply chain disruptions, particularly affecting sectors like automotive, aerospace, and healthcare equipment manufacturing from 2020 to 2022, the …
Global Edge Bending Machine Market Forecasted to Exceed USD 385.6 Million Valuation by 2032, Growing at 3.1% CAGR | FMI Study
The global edge bending machine market is experiencing a significant upsurge, poised to surpass a valuation of USD 385.6 million by 2032, driven by a steady Compound Annual Growth Rate (CAGR) of 3.1% from 2022 onwards. This growth trajectory, initiated by the expanding applications of these machines across various manufacturing sectors, reflects a notable increase from its …
Global Commercial Sink Market Aims to Exceed USD 1,409.2 Million Valuation by 2033, Driven by an Average 6.3% CAGR Growh
The commercial sink market is poised for significant growth, with a noteworthy Compound Annual Growth Rate (CAGR) of 6.3% projected over the decade from 2023 to 2033. Beginning its journey with a valuation of USD 810.4 million in 2023, this dynamic market anticipates achieving a substantial milestone, reaching a valuation of USD 1,409.2 million by the conclusion …
FMI Analysis States Global Electric Pizza Oven Market Surging Towards USD 455.1 Million Valuation by 2033, Growing at 6.7% CAGR
The electric pizza oven market is positioned for significant expansion, with projections indicating a valuation of USD 237.9 million in 2023, surging to USD 455.1 million by 2033. This growth is supported by an impressive Compound Annual Growth Rate (CAGR) of 6.7%. Robust historical data further underscores the market’s resilience, with a commendable CAGR of 5.8% in …
FMI Analysis Affirms Global Kitchen Hood System Market to Surge Past USD 18.45 Billion Mark by 2033, Driving a Steady 3.9% CAGR Growth
The global kitchen hood system market is advancing steadily, poised for a projected Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period. With its current valuation standing at USD 12.58 billion as of 2023, industry analysts project a notable upsurge, envisioning kitchen hood systems to yield an impressive revenue of USD 18.45 billion by 2033. …
FMI Projects Global Kebab Machine Market Set to Cross USD 676.7 Million by 2033, Driven by an Impressive 9.3% CAGR Growth
The global kebab machine market is poised for remarkable growth, commencing at a valuation of USD 278.1 million in 2023. Projections suggest a sustained and impressive Compound Annual Growth Rate (CAGR) of 9.3% throughout the forecast period, driving the market’s value to an impressive USD 676.7 million by 2033. A significant catalyst behind this substantial growth is …
Global Industrial Counter Market Valuation to Surpass USD 1,560 Million Milestone by 2033, Driven by 4.1% CAGR Growth | FMI Study
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 …
FMI Predicts Global Low Voltage Cable Market Set to Reach USD 255 Billion Revenue Share by 2033, Driven by an Average 5.8% CAGR Growth
The global low voltage cable market has witnessed remarkable growth, achieving a substantial valuation of USD 135.3 billion in 2022. This upward trajectory is set to continue, with an anticipated value of USD 144.5 billion by the end of 2023, showcasing robust year-over-year expansion. Looking ahead, the market is forecasted to experience a significant Compound Annual Growth …
Global Industrial Paper Cutter Market Set to Gear Up for USD 1,368.20 Million Valuation by 2034, Growing Steadily at 3.60% CAGR
The industrial paper cutter market is anticipated to grow significantly over the next decade, with a projected valuation of USD 998.5 million by 2024. The increasing demand for efficient paper-cutting solutions across various industries, such as publishing, printing, and packaging, is one of the key factors driving this growth. Technological advancements and automation in paper-cutting operations are expected to …