According to FMI’s analysis, the global crane aftermarket will grow at a CAGR of 6% during the forecast period. The industry’s market size is expected to grow from $7.42 billion in 2023 to $13.29 billion by the end of 2033. The crane aftermarket is expected to be driven by the world’s increasing demand for energy, …
Category Archives: Industrial News
Regenerative Blowers Market Outlook, Current and Future Landscape Analysis 2023 to 2033
The regenerative blowers market is expected to reach a value of US$ 941.2 million in 2023 and US$ 1,393.21 million in 2033. During the anticipated period, the market is anticipated to grow at a CAGR of 4.0%. Market expansion is fueled by rising consumer demand for low-maintenance gadgets, floor cleaning, and dust removal. Regenerative blowers …
Global Electric Hedge Trimmer Market to Expand at a Steady 5.6% CAGR from 2022 to 2032: Analysis of Key Trends, Drivers & Challenges
The global electric hedge trimmer market is forecast to be valued at US$ 476.6 Million in 2022. During the forecast period ranging from 2022 to 2032, sales of Electric Hedge Trimmer are expected to grow at a CAGR of 5.6%, to be valued at US$ 819.7 Million. During the historical period 2016-2021, electric hedge trimmer consumption inclined at a 3.1% value …
Portable Metal Detectors Market is Expected to Register a Strong 8.3% CAGR during Forecast 2022 to 2032, Get Insights FMI
In its recently published report, entitled Global Portable Metal Detector Market, Future Market Insights has provided unique insights about the market for the given period 2022 to 2032. With a predicted CAGR of 8.3% from 2022 to 2032, the market for portable metal detectors is projected to grow to US$ 1210 million in 2022 and likely …
Spray Booth Ventilation System Market to Expand at a Steady 3.1% CAGR by the end of 2032: Trends and Forecast
Spray booth ventilation system demand is expected to reach US$ 568 million in 2021 and US$ 585 million in 2022. Furthermore, the global spray booth ventilation systems market is expected to grow at a moderate CAGR of 3.1 percent between 2022 and 2032, with a total value of around US$ 800 million by 2032, owing …
Heat Shrink Tubing and Sleeves Market Key Players, SWOT Analysis, Key Indicators & Forecast by 2031
The global heat shrink tubing and sleeves market is projected to reach US$ 1,879 Million in 2021, expanding at a healthy 5.9% CAGR over the forecast period of 2021 to 2031. Rapid advancements in industrial sectors across the globe, along with increasing investments in mechanical equipment, are key factors driving heat shrink tubing and sleeves sales. Besides this, OEMs’ …
Air Sampling Pump Market: Overview, Data Updates, Reports Analysis & Forecast 2022 to 2032 | FMI
From 2022 to 2032, the air sampling pump market is expected to grow at a 3.79 percent CAGR, rising from US$ 47.06 Million in 2022 to a valuation of US$ 68.27 Million by 2032. The rapid rate of industrialization, as well as the associated levels of effluent discharged in air media, such as the increased use of …
Die Bonder Equipment Market Insights By Type, Industry, Application, End-User & Forecast 2022 to 2032 | FMI
Global demands for die bond equipment are anticipated to reach US$ 6 billion by 2032. This growth is attributed largely due increasing adoption rates of stacked-die technology in IoT devices, which will drive up demand even further over the next few years. As a result, die bonder equipment is widely used in the fabrication of semiconductor devices. Furthermore, various …
Electric Fireplace Market Size & Share | Trends Analysis Report for 2022 to 2032
The global electric fireplace market is anticipated to be valued US$ 2.18 billion in 2021, up 1.4 percent year on year. Between 2022 and 2032, the market is predicted to increase at a CAGR of 3.7 percent, from US$ 2.21 billion in 2022 to US$ 3.2 billion in 2032. In 2020, the global market will rise by …
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Cryogenic Systems Market is Expected to Reach a High Valuation of US$ 25.5 Billion by 2032, Get Insights FMI
The global Cryogenic Systems market is estimated at US$ 12.9 billion in 2021 and is predicted to reach US$ 25.5 billion by 2032, growing at a 6.5% CAGR between 2022 and 2032. According to Future Market Insights, a market research and competitive intelligence source, global Cryogenic Systems consumption grew at a 5.1% CAGR between 2017 …