The low voltage motor market is poised for significant expansion, with projections from FMI indicating a notable Compound Annual Growth Rate (CAGR) of 6.7%, aiming for a substantial market value of US$ 75 billion by 2032. These energy-efficient advancements, surpassing conventional motors by 2% to 8% in efficiency, not only promise substantial cost savings but also play …
Category Archives: Industrial News
Wedge Wire Screen Market Anticipated to Reach US$ 1.05 Billion by 2032 with Consistent Growth (CAGR 4%)
The global wedge wire screen market is on a robust upward trajectory, having achieved a valuation of US$ 0.71 billion in 2022. Positioned as a leader in meeting the dynamic needs of various industries, this market is poised for further growth. With a projected Compound Annual Growth Rate (CAGR) of 4% from 2022 to 2032, the wedge …
Future Market Insights Forecasts Steady Growth in Global Marine Base Steering Gear Market, Anticipated to Reach a 5% CAGR by 2032
The global marine base steering gear market, valued at approximately US$ 1.6 billion in 2020, is set for sustained expansion. Projections indicate a Compound Annual Growth Rate (CAGR) of 5% from 2022 to 2032, propelled by the robust growth of the global maritime sector. The historical significance of marine base steering gears, with roots dating back …
Global Membrane Air Dryers Market on Track for US$ 1,200 Million Valuation by 2032 with Steady 6.5% CAGR (FMI)
The global membrane air dryers market is on track for remarkable expansion, with a projected valuation surpassing US$ 1,200 million by 2032. This trajectory commences with expected sales exceeding US$ 730 million by 2022, laying a solid foundation for extraordinary growth marked by an impressive Compound Annual Growth Rate (CAGR) of 6.5% over the decade spanning from …
Global Food Sorting Machine Market Anticipated to Reach US$ 2 Billion by 2032, Driven by Continued Automation and Efficiency (CAGR 5%)
The global food sorting machines market is poised for significant expansion, with an anticipated valuation exceeding US$ 1.5 billion by 2022. This upward trajectory is set to persist, characterized by a consistent Compound Annual Growth Rate (CAGR) of 5% throughout the assessment period, propelling the market size towards the US$ 2 billion milestone by 2032. A multitude …
Global Direct Drive Wind Turbine Market Set for US$ 18.3 Billion Valuation by 2032 with Soaring 16.2% CAGR
The direct drive wind turbine market is anticipated to witness remarkable growth, projecting a valuation surpassing US$ 14.6 billion by 2022 and demonstrating an impressive Compound Annual Growth Rate (CAGR) of 16.2% from 2022 to 2032. With forecasts indicating a market size exceeding US$ 18.3 billion by 2032, this surge is primarily attributed to the innovative features …
Global Personal Protective Equipment Market on Track for US$ 69,169.3 Million Valuation by 2034 with Steady 5.5% CAGR
The global personal protective equipment market is poised for exceptional expansion, with projections indicating a robust Compound Annual Growth Rate (CAGR) of approximately 5.5% from 2024 to 2034. From its estimated value of US$ 40,378.9 million in 2024, the industry is on a trajectory towards surpassing a significant milestone, reaching a pinnacle worth over US$ 69,169.3 million …
Global End-of-Pipe Air Pollution Control Equipment Market on Track for Steady Growth at 5% CAGR | FMI Analysis
The global market for end-of-pipe air pollution control equipment is forecasted to follow a sustainable trajectory, driven by a notable Compound Annual Growth Rate (CAGR) of 5% from 2022 to 2032. This growth trend not only reflects market dynamics but also mirrors a collective dedication towards enhancing air quality and bolstering environmental safety. End-of-pipe technology stands as …
Marine Crane Market Poised for Significant Expansion, Projected to Reach US$ 7,945.2 Million by 2032 with Strong 7.5% CAGR
The global marine cranes market is poised for substantial growth, foreseeing a noteworthy elevation to a valuation of US$ 7,945.2 million by 2032, representing a remarkable surge from its 2022 figure of US$ 3,868.2 million. This impressive trajectory is underpinned by a robust Compound Annual Growth Rate (CAGR) of 7.5% forecasted for the duration. Marine cranes, renowned …
Fruit Processing Equipment Market worth US$ 6,934.7 Million by 2033
According to Future Market Insights, the global fruit processing equipment market size is anticipated to grow from US$ 3,800 Million in 2023 to US$ 6,934.7 Million by 2033, with overall sales accelerating at 6.2% CAGR throughout the forecast period (2023 to 2033). Rising consumption of processed fruit products across the world, growing need for extending …
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