Korea’s aviation industry is experiencing significant growth, fueled by factors like increasing passenger traffic and expanding cargo operations. This rise in air travel necessitates a robust ground support equipment (GSE) market to ensure efficient and safe aircraft servicing. Current Scenario: Soaring High The aircraft ground support equipment (GSE) market in Korea is experiencing steady growth, …
Category Archives: Industrial News
Motor Protector Market Analysis: Industry Reaching to US$ 4,341 million by 2034
The worldwide adoption of motor protectors is expected to rise at a CAGR of 3.9% from 2024 to 2034. The global motor protector market size is expected to increase from US$ 2,849.4 million in 2024 to US$ 4,341 million by 2034. Electric motor protection has become critical to reduce risks and safeguard motors in industrial …
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Hydrogen Detection Market Size Rising to US$ 800 million by 2034
Hydrogen, a clean-burning fuel with vast potential, is gaining momentum across various industries. However, its highly flammable nature necessitates robust detection solutions. This creates a thriving hydrogen detection market. Current Scenario: Rise of Hydrogen as a Clean Energy Source: The growing adoption of hydrogen fuel cells in electric vehicles and increasing use of hydrogen for power …
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FMI Affirms Global Heated Shelf Food Warmers Market Forecasted to Cross US$ 7 Billion Milestone by 2033 Driven by a Steady CAGR of 4.4%
The global heated shelf food warmers market is experiencing a period of significant growth, fueled by a growing focus on food safety and a rise in takeout dining. According to industry forecasts, the market is expected to reach a valuation of US$ 7 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 4.4% from 2023. …
FMI Analysis Affirms Global Merchandising Carts Market to Reach US$ 5.8 Billion Revenue Mark by 2033, Driven by a Steady 4.1% CAGR
The global merchandising carts market is steadily ascending, with a projected value of US$ 3.9 billion in 2023. This upward trend is primarily fueled by the burgeoning popularity of food trucks and street vendors, fostering a conducive environment for the thriving merchandising carts market. Looking ahead, a robust Compound Annual Growth Rate (CAGR) of 4.1% from 2023 …
Global Cheese Cutting Machine Market Anticipated to Surge Past US$ 25,380.1 Million Valuation by 2033, Driven by Decent 7.1% CAGR
The global cheese cutting machine market is poised for substantial growth, anticipating a robust compound annual growth rate (CAGR) of 7.1% in the coming years. This dynamic market is forecasted to escalate from its 2023 valuation of US$ 12,782.0 million to an impressive US$ 25,380.1 million by 2033. Upon thorough market segment analysis, it is evident that …
FMI Projects Global Commercial Cutlery Market Valuation to Cross US$ 17.1 Billion Mark by 2033, Driven by a Steady 3.3% CAGR
The commercial cutlery market is poised for significant expansion, with estimations indicating a remarkable ascent from US$ 12.4 billion in 2023 to an impressive US$ 17.1 billion by 2033. This growth trajectory is supported by a robust Compound Annual Growth Rate (CAGR) of 3.3% over the forecast period. In response to global uncertainties, the commercial cutlery market …
FMI Study Predicts Global Inductor Market Expected to Cross US$ 21,417.5 Million Revenue by 2032, Driven by Consistent 6.1% CAGR
The global inductor market is currently witnessing substantial expansion, characterized by a noteworthy year-on-year increase of 5.6% in 2022. This surge is anticipated to propel the market’s estimated value beyond US$ 11,862.1 million by the conclusion of the year. Fueled by optimistic forecasts for sustained growth, the market is strategically positioned to maintain a robust Compound Annual …
FMI Affirms Global Transmission Components Market Expects US$ 80,279.2 Million Valuation by 2032, Driving a Steady 5.3% CAGR Growth
The global transmission components market is poised for substantial growth, with projections indicating a remarkable valuation of US$ 80,279.2 million by 2032, fueled by a steady Compound Annual Growth Rate (CAGR) of 5.3% from 2022 to 2032. This notable expansion is underpinned by pivotal factors, prominently the rapid pace of global industrialization. As industries worldwide undergo expansion …
FMI Analysis Affirms Global Water Desalination Equipment Market Set to Exceed US$ 22,645.8 Million Revenue by 2033, Growing at a CAGR of 8.6%
The global water desalination equipment market is poised for unprecedented growth, forecasting a promising revenue of US$ 22,645.8 million by 2033. This surge is propelled by an impressive Compound Annual Growth Rate (CAGR) of 8.6%, extending through 2033, with the market presently valued at US$ 9,924.1 million in 2023. The flourishing global water desalination equipment market not …