Category Archives: Industrial News

Substation Automation Market Size Soars to USD 55.69 billion by 2033

The increasing focus on energy efficiency and sustainability presents significant opportunities for the substation automation industry. Governments and regulatory bodies worldwide are implementing policies and incentives to promote the adoption of smart grid technologies and improve overall energy efficiency. Substation automation is crucial in optimizing power distribution, reducing energy losses, and enabling real-time monitoring and …

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Commercial Oven for Bakery Market Value Soaring at USD 1635.5 million by 2033

The commercial oven for bakery market is anticipated to witness a moderate CAGR of 4.7% over the forecast period, indicating steady growth prospects. As of 2023, the market is valued at USD 1092 million, with projections estimating a rise to USD 1,635.5 million by 2033. The surge in demand for baked goods has propelled the popularity …

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Global Drum Filling Machine Market Poised for Significant Growth, Expected to Reach US$ 728.9 Million by 2034

Drum Filling Machine Market The global drum filling machine market is poised for significant expansion in the coming years, with immense opportunities on the horizon. Projections indicate that the market will achieve a value of US$ 553.0 million by 2024, with further substantial growth anticipated to elevate it to US$ 728.9 million by 2034. This trajectory underscores …

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Global Magnetic Separator Market to Surpass USD 2.2 Billion Valuation by 2033, Growing Steadily at 5% CAGR | FMI Analysis

The global magnetic separators market is projected to achieve a noteworthy valuation of USD 2.2 billion by the year 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 5.0%. This anticipated growth trajectory is underpinned by a confluence of factors, notably the burgeoning demand for clean energy technologies. Against the backdrop of a transformative shift …

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Global Emulsion Explosive Market Expected to Drive Past USD 4,587.91 Million Milestone by 2033, Driven by 5.2% CAGR Growth

A recent study by FMI has forecasted a remarkable trajectory for the global emulsion explosive market, projecting a robust Compound Annual Growth Rate (CAGR) of 5.2%. By 2033, the market is anticipated to exceed a valuation of USD 4,587.91 million, building upon its already substantial worth of USD 2,763.49 million as of 2023. Emulsion explosives (EE), …

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FMI Analysis Suggests Global Regenerative Thermal Oxidizer Market Expected to Reach USD 13 Billion by 2032, Driving 4% to 5% CAGR Growth

An analysis conducted by FMI highlights the ambitious trajectory of the global regenerative thermal oxidizer market, targeting a substantial milestone exceeding USD 13 billion by the year 2032. This notable progression marks a significant departure from the market’s valuation of USD 9 billion in 2021, underscoring its robust growth potential. Initial forecasts had anticipated regenerative thermal …

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Global Metal Recycling Equipment Market Valuation to Cross USD 18 Billion Milestone by 2033, Growing at 9.5% CAGR

According to a recent analysis by FMI, the global metal recycling equipment market is on a trajectory towards significant expansion, targeting a valuation surpassing USD 18 billion by the year 2033. This projection marks a substantial increase from its recorded value of USD 7.26 billion in 2023 and signals a notable surge in sales compared to the …

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Global Rotary Indexers Market Forecasted to be Valued at USD 1,096.16 Million by 2032, Driving a Steady Growth of 3.2% CAGR

A projection by FMI analysis suggests that the global rotary indexers market is poised for substantial growth, targeting a commendable valuation of USD 1,096.16 million by the year 2032, propelled by a robust Compound Annual Growth Rate (CAGR) of 3.2%. In the dynamic realm of automation, rotary indexers have emerged as pivotal components, orchestrating precision and efficiency …

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Global Power Stacker Market Anticipated to Reach USD 3.3 Billion Valuation by 2032, Growing at an Average 5.5% CAGR

The projection by FMI indicates a promising surge in the global power stacker market, with an anticipated compound annual growth rate (CAGR) of 5.5% from 2022 to 2032. The industry is projected to surpass USD 3.3 billion market valuation by 2032. This forecast underscores the pivotal role that power stackers are poised to assume in the …

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Global Marine Cranes Market Valuation Projected to Reach USD 7,945.2 Million Milestone by 2032, Driven by 7.5% CAGR Growth

FMI’s forecast indicates a robust trajectory for the global marine cranes market, with an anticipated surge to a valuation exceeding USD 7,945.2 million by 2032, marking a substantial increase from its 2022 figure of USD 3,868.2 million. This remarkable growth is driven by a projected Compound Annual Growth Rate (CAGR) of 7.5% over the forecast period. …

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