The global card printer ribbons market is poised for substantial expansion, with a projected Compound Annual Growth Rate (CAGR) of 4% from 2022 to 2028. Having achieved noteworthy sales of US$ 759 million in 2021, the market is anticipated to witness a significant surge, surpassing the significant milestone of US$ 997 million by the conclusion of the …
Category Archives: Industrial News
Increasing Renewable Energy Trend Drives Global Solar Inverter Market Towards US$ 20,883.04 Million by 2033, Growing with a Decent 6% CAGR
The solar inverter market is set on a path of substantial growth, with forecasts predicting a robust Compound Annual Growth Rate (CAGR) of 6% leading up to 2033. By that year, the market anticipates reaching a notable valuation of US$ 20,883.04 million. Noteworthy progress is expected by 2023, with a significant milestone targeting a valuation of US$ …
FMI Analysis Forecasts Global Machine Tool Touch Probe Market Set to Cross US$ 659.61 Million Valuation by 2033, Driven by Steady 3.5% CAGR
The global machine tool touch probe market is on a trajectory of significant expansion, with expert analysis projecting revenues of US$ 637.30 million in 2023. This growth is propelled by ongoing technological innovations within the industry, enhancing the capabilities of precision tools. Notably, sectors like healthcare and manufacturing are experiencing a notable surge in demand, fueled by …
Global Electric Fireplace Market Gear Up for US$ 3.2 Billion Revenue by 2032, Witnessing a Steady 3.7% CAGR Growth
The global electric fireplace market has witnessed significant growth, reaching a valuation of US$ 2.18 billion in 2021 and projecting a noteworthy year-on-year growth rate of 1.4%. This upward trajectory is set to continue as the market steadily ascends, with a projected Compound Annual Growth Rate (CAGR) of 3.7% from 2022 to 2032. Expected to reach US$ …
Industrial PC Market to Witness US$ 9.4 Billion Revenue Globally by 2032, Growing with Consistent 6% CAGR | FMI Prediction
The global industrial PC market has exhibited remarkable growth, achieving a commendable valuation of US$ 5 billion in 2021. Projections for the period spanning from 2022 to 2032 forecast a robust Compound Annual Growth Rate (CAGR) of 6%, culminating in an anticipated valuation exceeding US$ 9.4 billion. This upward trajectory is primarily driven by escalating demand across …
FMI Analysis Predicts Booming Growth in Global Digital Instrument Clusters Market, Reaching US$ 10.5 Billion by 2032, with an Outstanding 20% CAGR
The global digital instrument clusters market is experiencing an extraordinary surge, propelled by a remarkable Compound Annual Growth Rate (CAGR) of 20% forecasted from 2022 to 2032. Expected to exceed a valuation of US$ 10.5 billion by 2032, this substantial growth is driven by the burgeoning utilization of digital instrument clusters across both passenger vehicles and commercial …
ASEAN Safety Sensors and Switches Market Expects US$ 1.59 Billion Revenue by 2028, Growing with a 10.2% CAGR | FMI Analysis
The ASEAN safety sensors and switches market are poised to exceed the significant milestone of US$ 1.59 billion by 2028, propelled by a steadfast Compound Annual Growth Rate (CAGR) of 10.2% commencing from 2022 onwards. This ascent is attributed to the escalating integration of safety sensors and switches across both personal and institutional sectors within the region. …
FMI Study Predicts Global Air Separation Plant Market Expected to Cross US$ 10,512.26 Million by 2034, Driven by a Steady 4.90% CAGR
The air separation plant market is gearing up for substantial expansion, currently boasting an impressive valuation of US$ 6,515.40 million in 2024. With a projected Compound Annual Growth Rate (CAGR) of 4.90%, the market envisions reaching a significant US$ 10,512.26 million by 2034. This upward trajectory is strategically influenced by the escalating demand for air separation plants …
FMI Projection Reveals Global Bridge Bearings Market to Reach US$ 935 Million Valuation by 2028, Growing with a Steady 4.8% CAGR
The global bridge bearings market, valued at approximately US$ 674.33 million in 2021, was poised to achieve a milestone of US$ 705.8 million in 2022. With a dynamic upward trajectory, the market anticipates a substantial growth, projecting to surpass US$ 935 million by 2028, driven by a robust Compound Annual Growth Rate (CAGR) of 4.8% during …
Commercial Grain Mill Market Value Anticipated US$ 2,662.8 Million by 2033
The commercial grain mill market plays a vital role in the global food supply chain, transforming whole grains into essential flour and meal products for human consumption and animal feed. This market is currently experiencing a positive upswing, driven by several key factors: Current Scenario: A Flourishing Market Market Expansion: The global commercial grain mill …
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