The global electric fireplace market has witnessed significant growth, reaching a valuation of USD 2.18 billion in 2021 and projecting a noteworthy year-on-year growth rate of 1.4%. This upward trajectory is set to continue as the market steadily ascends, with a projected Compound Annual Growth Rate (CAGR) of 3.7% from 2022 to 2032. Expected to reach USD …
Category Archives: Industrial News
FMI Prediction States Global Machine Tool Touch Probe Market Forecasted to Surpass USD 659.61 Million by 2033, Growing at 3.5% CAGR
The global machine tool touch probe market is on a trajectory of significant expansion, with expert analysis projecting revenues of USD 637.30 million in 2023. This growth is propelled by ongoing technological innovations within the industry, enhancing the capabilities of precision tools. Notably, sectors like healthcare and manufacturing are experiencing a notable surge in demand, fueled by …
Global Solar Inverter Market Revenue Share to Exceed USD 20,883.04 Million Mark by 2033, Growing at an Average 6% CAGR
The solar inverter market is set on a path of substantial growth, with forecasts predicting a robust Compound Annual Growth Rate (CAGR) of 6% leading up to 2033. By that year, the market anticipates reaching a notable valuation of USD 20,883.04 million. Noteworthy progress is expected by 2023, with a significant milestone targeting a valuation of USD …
FMI Study Affirms Global Beverage Processing Equipment Market Set to Surpass USD 12.8 Billion Mark by 2033, Growing at 4.9% CAGR
The global beverage processing equipment market is driven by a noteworthy Compound Annual Growth Rate (CAGR) of 4.9% over the next decade. By the year 2033, the market aims to achieve a valuation of USD 12.8 billion, reflecting a substantial increase from the recorded USD 7.7 billion in 2023. The global beverage scene has witnessed a seismic …
FMI Predicts Global Brewing Supplies Market Valuation to Exceed USD 2,511.1 Million Mark by 2033, Driving 5.6% CAGR Growth
The global brewing supplies market is poised for dynamic expansion, driven by an impressive Compound Annual Growth Rate (CAGR) of 5.6% projected from 2023 to 2033. Industry experts foresee this upward trajectory propelling the market’s value from its 2023 figure of USD 1,456.2 million to an impressive USD 2,511.1 million by the culmination of 2033. This notable …
Global Chocolate Processing Equipment Market Forecasted to Reach USD 6389 Million Milestone by 2033, Driven by a Decent 8.6% CAGR
The global chocolate processing equipment market stands poised for substantial expansion, fueled by a projected Compound Annual Growth Rate (CAGR) of 8.6% from 2023 to 2033. This significant trajectory is anticipated to elevate the market’s value from USD 2800 million in 2023 to an impressive USD 6389 million by 2033. Amidst the dynamic landscape of chocolate and …
FMI Study Projects Global Food Stabilizer Systems Market Gears Up for USD 3,384.7 Million by 2033, Growing at 3.8% CAGR
The global food stabilizer systems market is primed for a notable trajectory during the forecast period spanning from 2023 to 2033. Projections unveil a compelling Compound Annual Growth Rate (CAGR) of 3.8%, signalling a trajectory poised to elevate the market’s overall value from an estimated USD 2,331.0 million in 2023 to an impressive valuation of USD 3,384.7 …
Articulated Robot Market worth USD 20.4 billion by 2033
The Articulated Robot Market is forecasted to account for around USD 20.4 billion in 2033, up from USD 9.2 billion in 2023 advancing at a rate of 8.3% from 2023 to 2033, as per the articulated robots market analysis by FMI. In the ever-evolving landscape of automation, articulated robots have emerged as trailblazers, driving transformative changes across diverse industries. …
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Industrial Temperature Controller Market Projected to Reach USD 3,415.40 million by 2033
The Industrial Temperature Controller Market is expected to increase from USD 2,178.50 million in 2023 to USD 3,415.40 million in 2033, registering 4.60% CAGR. The adoption of Industrial Temperature Controllers in numerous industries such as the Food and Beverage Industry, Bioscience, and Chemical Industry has increased at the global level. Numerous trade exhibitions and expos have also …
Commercial Booster Pumps Market Size Rising to USD 12,084.3 million by 2033
According to estimates, commercial booster pump sales worldwide are likely to reach US$ 5,809 million in 2023. In a detailed industry analysis, the global commercial booster pump market is projected to grow a CAGR of 7.6% and reach US$ 12,084.3 million by 2033. These pumps have an inlet, outlet, motor, and pressure monitoring device that …
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