The degaussing system market is expected to be valued at US$ 647.5 Million by 2024. The market valuation is estimated to be US$ 925 Million by 2034, projected at a CAGR of 3.6%. Advanced materials might be incorporated into future degaussing systems to reduce magnetic signatures. Various naval vessels could be made from these materials, which would make them more efficient and …
Category Archives: Industrial News
FMI Analysis Projects Global DC Drive Market Forecasted to Surpass US$ 9.8 Billion Valuation by 2034, Growing at an Average 5.3%
The DC drive market had an estimated market size of US$ 5.5 Billion in 2023 and is expected to reach a global market size of US$ 9.8 Billion by 2034, increasing at a CAGR of 5.3% between 2024 and 2034. By 2024, the market for DC drive is likely to reach a valuation of US$ 5.8 Billion. The market is mostly driven by the …
Global Power Grid Market Forecasted to Surge Past Revenue of US$ 471 billion by 2034, Growing at a CAGR of 4.6% | FMI Prediction
The global power grid market size is poised for significant growth, reaching US$ 300 Billion in 2024. Sales of power grids are expected to witness a robust CAGR of 4.6% from 2024 to 2034. By 2034, the demand for power grids is anticipated to reach a valuation of US$ 471 Billion. Driven by advancements in renewable energy technology, the goal of reducing …
FMI Prediction Reveals Global Barrier System Market Anticipated to Surge to US$ 34 billion by 2034, Growing at a Steady CAGR of 4.3%
The barrier system market is anticipated to be valued at US$ 22.2 billion by 2024. The market valuation is estimated to be US$ 34 billion by 2034, projected at a CAGR of 4.3%. The barrier system market encompasses various products and solutions that provide safety, security, and control in various environments. Barrier systems are utilized across diverse sectors, including transportation, industrial, commercial, and …
Global Power Plant Boiler Market Expected to Drive Past US$ 40 Billion Valuation by 2034, with an Average CAGR of 5.80% | FMI Prediction
The global power plant boiler market value is expected to rise from US$ 22.7 Billion in 2024 to US$ 40 Billion by 2034. This estimated growth is expected to be driven by a promising CAGR of 5.80% in the power plant boiler industry over the next decade. Governments around the world are investing in upgrading their present power plants. This, along with the …
Global Protective Glove Market Anticipated to Reach US$ 40.6 Billion by 2034, Growing at an Average CAGR of 6.7% | FMI Projection
The global protective glove market size is poised for significant growth, reaching US$ 21.2 billion in 2024. The sales of protective gloves are expected to grow at a CAGR of 6.7% from 2024 to 2034. The demand for protective gloves is anticipated to reach a valuation of US$ 40.6 billion by 2034. The primary catalysts advancing the growth of the disposable glove market include the …
FMI Predicts Global Turboexpanders Market Anticipated to Cross to US$ 2 Billion Mark in 2034, Fueled by an Average CAGR of 5.4%
According to Future Market Insights’ latest industry analysis, the global turboexpanders market size is estimated to be around US$ 1.2 billion in 2024. It is projected to exhibit a CAGR growth of 5.40% over the forecast period, with an estimated market size of US$ 2 billion by 2034. The market for turboexpanders has been witnessing significant growth in recent years due to …
Global Industrial Power Supply Market Projected to Surpass US$ 21.5 Billion Valuation by 2034, Driven by an Impressive CAGR of 10.1%
The industrial power supply market is estimated to be worth US$ 8.2 billion in 2024 and is projected to be valued at US$ 21.5 billion in 2034. Between 2024 and 2034, the industry is poised to rise at a CAGR of 10.1%. The growing integration of industrial automation and the implementation of Industry 4.0 initiatives are contributing to a heightened demand for dependable and …
Global Boiler Control Market Set to Reach US$ 4.5 Billion by 2034, Driven by a Decent CAGR of 7.1% | FMI Analysis
The size of the worldwide boiler control market is projected to reach a valuation of around US$ 4.5 billion by 2034. In 2024, its estimated worth will be US$ 2.3 billion. The market is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2034. Growth is expected to be fueled by the increasing use of …
Commercial Countertop Ranges Market Set to Hit US$ 15.8 billion by 2033
The global commercial countertop ranges market is projected to reach a valuation of US$ 11.4 billion by 2023. With an increasing demand for compact and portable cooking equipment, the market is expected to grow at a steady CAGR of 3.3% from 2023 to 2033, reaching approximately US$ 15.8 billion by 2033. Advancements in technology are …
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