The global revenue for laser safety glasses market expected to achieve a valuation of USD 1.05 billion by 2028, marking a notable Compound Annual Growth Rate (CAGR) of 10.9% during the period spanning 2022 to 2028. Future Market Insights presents an insightful comparison and review analysis of the dynamics shaping the Laser Safety Glasses market. The surge …
Category Archives: Industrial News
FMI Predicts Global HID Ballast Market to Undergo a Contraction, Reaching Diminished Value USD 3.6 Billion by 2027 at -9.8% CAGR
The global HID ballast market is forecasted to undergo a notable contraction, reflecting a Compound Annual Growth Rate (CAGR) of -9.8% from 2022 to 2027, according to analysis by Future Market Insights, Inc. This substantial reduction is anticipated to result in a decline from the market’s current valuation of USD 6.8 billion in 2022 to a diminished …
Global Portable Metal Detectors Market Share Set to Surpass USD 2,667 Million by 2032, Driven by an Impressive 8.3% CAGR Growth
The portable metal detectors market is forecast to witness a significant upswing, reaching an estimated valuation of USD 2,667 million by 2032. This promising growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 8.3% over the decade from 2022 to 2032. A key factor driving market growth is the exceptional capability of portable metal detectors …
FMI Projection States Global Industrial Magnetrons Market Expected to Exceed USD 5.82 Billion by 2026, Driving a Steady Growth of 5.4% CAGR
The industrial magnetrons market is set for a strong run, reaching an estimated USD 5.82 billion by 2026. This significant growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 5.4%. The primary driver behind this surge is the increasing adoption of magnetron technology across various industries, with a particular emphasis on industrial heating equipment. Magnetrons …
FMI Study Affirms Global Oil & Gas Valves Market Anticipated to Reach USD 18,720.19 Million by 2034, Growing at a Steady 3.4% CAGR
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 …
FMI Study Projects Global Contact & Convective Dryers Market Set to Surpass USD 252.4 Million by 2029, Growing Steadily at 3.4% CAGR
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, …
Underground Mining Equipment Market Size Surges to USD 20.55 billion by 2033
The underground mining equipment market plays a vital role in extracting valuable minerals and resources from beneath the Earth’s surface. This market is experiencing steady growth, fueled by several key drivers: Market Drivers: Rising Demand for Minerals and Metals: The increasing demand for raw materials for construction, manufacturing, and renewable energy technologies drives the need …
Continue reading “Underground Mining Equipment Market Size Surges to USD 20.55 billion by 2033”
Building Automation Systems Market Size Rising to USD 96,264 million by 2033
The Building Automation Systems Market size is projected to be valued at USD 47,800 million in 2023 and is expected to rise to USD 96,264 million by 2033. The sales of building automation systems are expected to grow at a significant CAGR of 7.4% during the forecast period. The global industry for building automation systems has been …
Continue reading “Building Automation Systems Market Size Rising to USD 96,264 million by 2033”
Passenger Boarding Bridge Market Analysis: Industry Projected USD 4.43 billion by 2033
Passenger boarding bridges (PBBs), also known as jet bridges, air bridges, or sky bridges, are the essential connectors between airport terminals and airplanes. They ensure safe, efficient, and comfortable passenger boarding and disembarking. The passenger boarding bridge market is on an upward trajectory, driven by several key factors: Market Drivers: Rising Air Travel Demand: The …
Consumer Appliances Market Growth: Industry Value worth USD 679.8 billion by 2033
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 …
Continue reading “Consumer Appliances Market Growth: Industry Value worth USD 679.8 billion by 2033”