The global digital pump market is envisioning a substantial Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2032. This upward momentum is set to elevate the market to remarkable heights, projecting a valuation of USD 20.5 billion by 2032, marking a significant increase from its 2022 valuation of USD 11.3 billion. At the heart of this surge …
Category Archives: Industrial News
Global Vertical Immersion Pumps Market Size Poised to Reach USD 6,050.8 Million by 2033, Surging at 3.7% CAGR | FMI Analysis
The global vertical immersion pumps market is on a robust growth trajectory, with projections indicating a CAGR of 4.8% over the period from 2023 to 2033. In 2023, the market size was valued at USD 3,786.2 million, and by 2033, it is expected to surge to USD 6,050.8 million, driven by increasing industrial demand, technological advancements, and the …
FMI Analysis Affirms Global Anechoic Chamber Market Value Estimated to Reach USD 6.64 Billion by 2033, Surging at a Robust 16.2% CAGR
The global anechoic chamber market is experiencing explosive growth, with a projected valuation of USD 6.64 billion by 2033. This significant expansion is fueled by a remarkable Compound Annual Growth Rate (CAGR) of 16.2%, building upon a market value of USD 1.4 billion in 2023. The growth of the anechoic chamber market is directly linked to the ever-increasing demand …
FMI Study States Global Automated Material Handling Systems Market Share to Reach USD 81.8 Billion by 2033, Registering 9.2% CAGR
The global automated material handling systems market is anticipated to grow at a CAGR of 9.2% over the course of the forecast period, according to the most recent study by FMI. The market is anticipated to be worth USD 34 billion in 2023. The value is expected to hit USD 81.8 billion by 2033. The global industry for these machines is growing rapidly in …
Global Ductless Heating & Cooling Systems Market Forecasted to be Valued at USD 228 Billion by 2032, Driving 8% CAGR Growth
The global ductless heating & cooling systems market has experienced remarkable growth, surging to an estimated worth of USD 98 billion in 2021, with a promising outlook for the future. Driven by a robust Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2032, industry forecasts suggest a substantial valuation of around USD 228 billion by the end …
FMI Study Indicates Global Refrigeration Coolers Market Share to Surpass USD 6,409.7 Million Mark by 2033, Surging at 5.6% CAGR
The net valuation of the total sales of refrigeration coolers in 2022 reached USD 3,567.2 million. With a CAGR of 5.6%, the refrigeration coolers market may worth USD 6,409.7 million by 2033. The growing requirement for food and beverage, meat and poultry processing, and refrigerated warehouses is propelling the demand for refrigeration coolers. Demand for walk-in cooler refrigeration has increased due to changing lifestyles and rising urbanization. Resulting …
Global DC Switchgear Market Value Forecasted to Surpass USD 29.361 Billion by 2033, Driving 6.9% CAGR Growth | FMI Study
The global DC switchgear market is revving up for a period of impressive growth, with a projected valuation of USD 15.066 billion in 2023. This strong foundation paves the way for a robust and consistent upward trajectory. Industry analysts forecast a compelling Compound Annual Growth Rate (CAGR) of 6.9% over the next decade (2023-2033), propelling the market …
FMI Report States Europe Multi Attachment Loaders Market Share to Cross USD 1,173 Million by 2033, Surging Steadily at 2.9% CAGR
The Europe multi-attachment loaders market is poised for significant growth, with an anticipated value of USD 858 million in 2022. Demand for multi-attachment loaders is expected to remain robust throughout the assessment period, primarily driven by the rapid development of the end-use sector, which is projected to reach a valuation of USD 1,173 million by 2033. This growth trajectory …
Global Painting Robots Market Size Forecasted to Hit USD 11 Billion Milestone by 2033, Growing at 9.3% CAGR | FMI Analysis
The global painting robots market, with a notable valuation of USD 4.5 billion in 2023, has laid a robust foundation for a promising decade ahead. Projections indicate substantial growth, aiming for a valuation of USD 11 billion by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 9.3%. A significant driver behind this market surge is …
FMI Study Projects Global Gas Insulated Substation Market Valuation to Exceed USD 24.6 Billion by 2033, Growing Steadily at 5.4% CAGR
The global gas insulated substation market is poised for significant expansion, starting from an estimated value of USD 14.6 billion in 2023, according to a comprehensive analysis conducted by Future Market Insights (FMI). Projections indicate substantial growth ahead, with the market expected to achieve a valuation exceeding USD 24.6 billion within the next decade, driven by a robust Compound …