The Indian residential solar inverter market is experiencing a surge, driven by government initiatives, rising electricity costs, and growing environmental awareness. Solar inverters, the brains behind rooftop solar systems, convert direct current (DC) electricity generated by solar panels into usable alternating current (AC) for powering homes. Let’s explore the applications and exciting opportunities within this …
Category Archives: Industrial News
Global Plumbing Fitting & Fixtures Market Valuation to Exceed USD 164.8 Billion Milestone by 2033, Surging at 5.7% CAGR | FMI Analysis
The global plumbing fitting & fixtures market is poised for steady growth, with a projected valuation of USD 164.8 billion by 2033. This expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 5.7% from 2023. The market is already well-established, with a strong foundation of USD 89 billion in 2022 and an expected …
FMI States Global Fuel Cell for Stationary Power Market to Exceed USD 5,676.8 Million Valuation by 2033, Growing at 11.1% CAGR
The fuel cells for stationary power market is poised for significant growth, with a projected valuation of USD 5,676.8 million by 2033. This expansion is anticipated to occur at a robust Compound Annual Growth Rate (CAGR) of 11.1% from its current market value of USD 1,981.4 million in 2023 (Future Market Insights, Inc.). This significant growth highlights …
Global Noise Control Systems Market Anticipated to Drive Past USD 10.3 Billion Revenue by 2033, Driven by a Steady Growth of 4.8% CAGR
The global noise control system market is projected to reach USD 10.3 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 4.8%. This growth comes after a period of temporary decline due to pandemic-related disruptions in construction, manufacturing, and commercial sectors. While the market faced challenges during the pandemic, it has demonstrated resilience …
Global Process Instrumentation Market Expected to Reach USD 37.34 Billion Milestone by 2033, Driven by 7.3% CAGR Growth
The global process instrumentation market is set for significant growth, with a projected valuation of USD 37.34 billion by 2033. This expansion is anticipated to occur at a robust Compound Annual Growth Rate (CAGR) of 7.3% from a market size of USD 18.46 billion in 2023. Several key end-use industries are driving this growth. Chemicals, pharmaceuticals, water/wastewater …
Global Hazardous Area Equipment Market Aims to Surpass USD 15.43 Billion Revenue Share by 2033, Growing at 5.2% CAGR
The global hazardous area equipment market is on track for significant growth, with a projected valuation of USD 15.43 billion by 2033 (Future Market Insights, Inc.). This expansion is fueled by a steady Compound Annual Growth Rate (CAGR) of 5.2%, building upon a market value of USD 9.49 billion in 2023. Hazardous area equipment plays a crucial …
FMI Projects Global Industrial Vacuum Evaporation Systems Market Valuation to Exceed USD 4.76 Billion Mark by 2033, Growing at 6.3% CAGR
The global industrial vacuum evaporation systems market is positioned for steady growth, with a projected valuation of USD 4.76 billion by 2033. This expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 6.3% from a 2023 market size of USD 2.58 billion. Industrial vacuum evaporation systems are a key driver of this growth, …
Global Compact Construction Equipment Market Set to Reach USD 325.4 Billion Revenue Share by 2033, Growing Steadily at 3.8% CAGR
The global compact construction equipment market is poised for substantial expansion, with a projected valuation of USD 224.1 billion by 2023, laying the foundation for continued growth. Supported by a notable Compound Annual Growth Rate (CAGR) of 3.8% forecasted from 2023 to 2033, a comprehensive analysis conducted by FMI underscores the market’s potential to reach a significant …
FMI Analysis States United Kingdom Photovoltaic Mounting System Market to Surpass USD 1,643.8 Million Revenue by 2033, Driven by 8.4% CAGR
The United Kingdom photovoltaic mounting system market has exhibited significant growth, achieving a valuation of USD 678.0 million in 2022. Forecasts indicate a robust compound annual growth rate (CAGR) of 8.4% from 2023 to 2033, propelling the market to reach USD 1,643.8 million by 2033. This trajectory underscores the nation’s steadfast commitment to sustainable energy solutions. Within …
FMI Study States Global Aseptic Processing Market Revenue Estimated to Exceed USD 158,571 Million by 2033, Driving 6.7% CAGR Growth
The aseptic processing market is positioned for substantial growth, aiming to reach a noteworthy valuation of USD 158,571 million by 2033. Commencing its ascent in 2023, the market is anticipated to achieve a significant milestone, surpassing USD 83,124 million. This notable expansion is supported by a robust Compound Annual Growth Rate (CAGR) of approximately 6.7% from 2023 …