The global stretch wrapper market is set to experience substantial growth, with a projected valuation of US$ 462.5 million in 2024 and an expected increase to US$ 825.5 million by 2034. This growth is largely driven by the increasing demand for sustainable packaging solutions and the expanding needs of various industries, particularly food and beverage …
Category Archives: Industrial News
Global Personal Protective Equipment Market Estimated to Cross USD 69,169.3 Million by 2034, Growing at 5.5% CAGR | FMI Study
FMI’s analysis indicates a remarkable trajectory for the global personal protective equipment market, with projections suggesting a robust Compound Annual Growth Rate (CAGR) of approximately 5.5% from 2024 to 2034. Expected to surpass a significant milestone, the industry is on track to reach a pinnacle worth over USD 69,169.3 million by 2034, up from its estimated …
Global Direct Drive Wind Turbine Market to Drive Past USD 18.3 Billion Valuation by 2032, Growing at 16.2% CAGR | FMI Prediction
The direct drive wind turbine market is anticipated to witness remarkable growth, projecting a valuation surpassing USD 14.6 billion by 2022 and demonstrating an impressive Compound Annual Growth Rate (CAGR) of 16.2% from 2022 to 2032. With forecasts indicating a market size exceeding USD 18.3 billion by 2032, this surge is primarily attributed to the innovative features …
Global Food Sorting Machine Market Forecasted to Surpass USD 2 Billion Valuation by 2032, Growing Steadily at 5% CAGR | FMI Report
The global food sorting machines market is poised for significant expansion, with an anticipated valuation exceeding USD 1.5 billion by 2022. This upward trajectory is set to persist, characterized by a consistent Compound Annual Growth Rate (CAGR) of 5% throughout the assessment period, propelling the market size towards the USD 2 billion milestone by 2032. A multitude …
Global Membrane Air Dryers Market Set to Surpass USD 1,200 Million Valuation by 2032, Growing at an Average 6.5% CAGR | FMI Projection
The global membrane air dryers market is on track for remarkable expansion, with a projected valuation surpassing USD 1,200 million by 2032. This trajectory commences with expected sales exceeding USD 730 million by 2022, laying a solid foundation for extraordinary growth marked by an impressive Compound Annual Growth Rate (CAGR) of 6.5% over the decade spanning from …
Global Marine Base Steering Gear Market Projected to Grow at an Average CAGR of 5% by 2032, Affirms FMI Research
The global marine base steering gear market, valued at approximately USD 1.6 billion in 2020, is set for sustained expansion. Projections indicate a Compound Annual Growth Rate (CAGR) of 5% from 2022 to 2032, propelled by the robust growth of the global maritime sector. The historical significance of marine base steering gears, with roots dating back …
FMI Projection States Global Wedge Wire Screen Market Aims to Exceed USD 1.05 Billion Revenue Share by 2032, Driven by 4% CAGR
The global wedge wire screen market is on a robust upward trajectory, having achieved a valuation of USD 0.71 billion in 2022. Positioned as a leader in meeting the dynamic needs of various industries, this market is poised for further growth. With a projected Compound Annual Growth Rate (CAGR) of 4% from 2022 to 2032, the wedge …
FMI Analysis States Global Low Voltage Motor Market Revenue Share to Surpass USD 75 Billion Mark by 2032, Growing at an Average 6.7% CAGR
The low voltage motor market is poised for significant expansion, with projections from FMI indicating a notable Compound Annual Growth Rate (CAGR) of 6.7%, aiming for a substantial market value of USD 75 billion by 2032. These energy-efficient advancements, surpassing conventional motors by 2% to 8% in efficiency, not only promise substantial cost savings but also play …
Global ESD Safe Matting Market Set to Reach USD 147.71 Million Mark by 2032, Surging Steadily at 3.8% CAGR Growth | FMI Study
The global ESD safe matting market, valued at approximately USD 101.72 million in 2022, is primed for significant growth, driven by the critical importance of safeguarding personnel and equipment against static electrical discharges. Projections reveal a commendable Compound Annual Growth Rate (CAGR) of 3.8% from 2022 to 2032, leading to an impressive valuation exceeding USD 147.71 …
Global Cattle Grooming Chute Market Valuation to Exceed USD 787 Million by 2033, Growing Steadily at 5% CAGR | FMI Prediction
The cattle grooming chute market is poised for significant expansion, as emphasized by insights from Future Market Insights (FMI). Projections indicate a substantial rise in revenue, progressing from USD 483 million in 2023 to an impressive USD 787 million by 2033. This commendable growth trajectory is supported by a consistent Compound Annual Growth Rate (CAGR) of 5% …