The global industrial robotics market is experiencing a remarkable surge, with projections indicating a valuation exceeding USD 220 billion by 2033. This unprecedented growth is propelled by a compelling Compound Annual Growth Rate (CAGR) of 18.9% over the ten-year forecast period from 2023 to 2033. The driving force behind this upward trajectory is closely intertwined with the critical need …
Category Archives: Industrial News
FMI Study States Global Bandsaw Machines Market Size to Hit USD 3.3 Billion Value by 2033, Driving a Steady Growth of 4.2% CAGR
The global bandsaw machines market is poised for significant expansion in the coming years, with an expected valuation of USD 2.1 billion in 2022. This upward trend is projected to continue, with the market forecasted to reach an impressive USD 2.2 billion in 2023. These figures underscore the enduring demand for bandsaw machines, emphasizing their indispensable role …
FMI Study Predicts Global Underground Mining Equipment Market Share to Exceed USD 20.55 Billion by 2033, Registering 2.3% CAGR Growth
Between 2023 and 2033, the underground mining equipment market is expected to grow at a low CAGR of 2.3%. The market is expected to be valued at USD 16.37 billion in 2023, with a market share of USD 20.55 billion by 2033. The expanding mining operations around the world due to the rising population are transforming mining methods. The …
Global Contact & Convective Dryers Market Share Estimated to Surpass USD 252.4 Million by 2029, Driving 3.4% CAGR Growth
The global contact and convective dryers market is on a robust trajectory, with Future Market Insights (FMI) projecting a valuation exceeding USD 252.4 million by 2029. This sector demonstrates consistent advancement, characterized by a commendable Compound Annual Growth Rate (CAGR) of 3.4% from 2022 to 2029, predominantly propelled by the increasing adoption of contact and convective dryers, notably within …
FMI Study Indicates Global Consumer Appliance Market Share to Reach USD 679.8 Billion by 2033, Surging Steadily at 4.5% CAGR
According to a Future Market Insights (FMI) report, the global consumer appliances market size is likely to be valued at USD 437.8 Billion in 2023. The increasing demand for infrastructural development and construction activity is driving market growth. The market is estimated to garner USD 679.8 Billion in 2033, recording a CAGR of 4.5% from 2023 to 2033 Increasing …
Global Walk-In Coolers and Freezers Market Size to Hit USD 14.05 Billion Revenue by 2029, Driven by 5.7% CAGR | FMI Analysis
The global walk-in coolers and freezers market is experiencing steady growth, with a projected market valuation of USD 14.05 billion by 2029. This expansion is fueled by a Compound Annual Growth Rate (CAGR) of 5.7%, with a key driver being the increasing demand for customized refrigeration solutions. This anticipated growth, from an estimated market value of USD 9.52 billion …
FMI Report Indicates Global Magnetic Separator Market Size to Surpass USD 2.2 Billion Valuation by 2033, Growing Steadily at 5% CAGR
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 towards sustainable …
FMI Report Affirms Global Oil & Gas Valves Market to Exceed USD 18,720.19 Million by 2034, Driven by 3.4% CAGR Growth
The global oil and gas valves market has reached a significant milestone, surpassing USD 13,400.5 million by the conclusion of 2024, with promising growth trajectories anticipated. Projections indicate a commendable Compound Annual Growth Rate (CAGR) of 3.4% from 2024 to 2034, resulting in an impressive valuation of USD 18,720.19 million. The catalyst behind this notable progress stems from …
Global Land Survey Equipment Market Share Estimated to Cross USD 15868.4 Million by 2034, Driven by 7.8% CAGR Growth | FMI Study
The global land survey equipment market is achieving commendable milestones, with a value of USD 6945.9 million in 2023, projected to rise to USD 7487.6 million in 2024. However, the true testament to its trajectory lies in the anticipated surge, fueled by a robust Compound Annual Growth Rate (CAGR) of 7.8% forecasted from 2024 to 2034. This …
FMI Analysis Projects Global Ice Cream Processing Equipment Market Share to Exceed USD 13.6 Billion by 2033, Growing at 3.5% CAGR
The ice cream processing equipment market is forecasted to surpass a value of USD 13.6 billion by 2033, driven by a consistent Compound Annual Growth Rate (CAGR) of 3.5%, as indicated by recent analysis conducted by FMI. This projection underscores the enduring attractiveness and sustained growth potential within the sector, reflecting the evolving preferences of consumers. The rising demand …