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 …
Category Archives: Industrial News
Global Wedge Wire Screen Market Expected to Grow at 4% CAGR, Surging Towards USD 1.05 Billion Revenue Share by 2032
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 Projection Affirms Global Marine Base Steering Gear Market Anticipated to Grow Steadily at 5% CAGR by 2032
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 …
Global Membrane Air Dryers Market Valuation Forecasted to Exceed USD 1,200 Million Mark by 2032, Driven by an Average 6.5% CAGR
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 Food Sorting Machine Market Growing Steadily at 5% CAGR, Surging Towards US$ 2 Billion Valuation by 2032 | FMI Analysis
The global food sorting machines market is poised for significant expansion, with an anticipated valuation exceeding US$ 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 US$ 2 billion milestone by 2032. A multitude …
Global Direct Drive Wind Turbine Market to Grow at Robust CAGR of 16.2%, Surpassing USD 18.3 Billion Valuation by 2032
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 …
FMI Study Affirms Global Pipes Market Revenue Share to Exceed USD 238.67 Billion by 2034, Driving a Steady 5.01% CAGR Growth
The global pipes market is valued at a substantial USD 146.38 billion valuation by 2024. The projected growth trajectory is expected to be exceptionally strong, with a compound annual growth rate (CAGR) of 5.01%. By 2034, this trajectory is expected to propel the market to a remarkable valuation that will surpass USD 238.67 billion. The industrial sector, …
FMI States Global Cold Forging Machines Market Anticipated to Reach USD 38 Billion Valuation by 2032, Driving an Average 5.5% CAGR Growth
The cold forging machines market was predicted to reach USD 22.16 billion in 2022, indicating a significant increase in demand. This upward trajectory is expected to continue, propelled by a strong compound annual growth rate (CAGR) of 5.5%, culminating in a remarkable market valuation that exceeds USD 38 billion by 2032. Unlike hot forging techniques, which require …
Mining Shovel Market Growth: Industry Rising to USD 10.4 billion Valuation by Forecast 2033
The global mining shovel market size is likely to be valued at USD 8.0 billion in 2023. The increasing demand for infrastructural development and construction activity is driving market growth. The market is estimated to garner USD 10.4 billion in 2033, recording a CAGR of 2.7% from 2023 to 2033. The increasing application in various industries including …
Hydronic Underfloor Heating Market worth USD 8,012.2 million by 2033
The hydronic underfloor heating market is experiencing a surge in popularity. Unlike traditional radiators, this method utilizes heated water circulated through pipes embedded beneath the floor, providing a radiant and even heat distribution for residential and commercial spaces. Let’s explore the key factors driving this market’s growth, the evolving demands shaping its future, and the …
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