According to the most recent Future Market Insights data, global condition monitoring system sales are expected to reach US$ 3,293.9 million in 2021, with a steady long-term projection. According to the report, the market will grow at a 7 to 8% CAGR from 2021 to 2031. According to Future Market Insights’ annual market analysis, revenue …
Category Archives: Industrial News
Global Air Barrier Market is supposed to rise at a CAGR of 4.6% by the end of 2029
By the end of 2022, the value of the global air barrier market will surpass US$ 16,932.8 million due to the eagerly anticipated industry transition from traditionally preferred gypsum board to sustainably superior spray foam. According to a recent study by Future Market Insights (FMI), the air barrier market will have moderate overall growth during …
Global Ice Cream Processing Equipment Market to Experience Rapid Growth by 2031: Key Drivers, Trends, and Opportunities
According to Future Market Insights (FMI), the global ice cream processing equipment sales will increase at a CAGR of more than 3.7% over the next ten years, reaching a market valuation of US$ 2.1 billion by 2021 and beyond. The production of automated ice cream machinery has expanded in tandem with the increased demand of …
Revolutionizing Air Traffic Control: Aircraft Sequencing System Market to Witness Significant Growth by 2027
The study titled ‘Aircraft Sequencing System Market – Global Industry Analysis 2013 to 2017 and Market Forecast 2018 to 2027′ was produced by Future Market Insights (FMI). The aircraft sequencing system market is predicted to grow at a strong 11.5% CAGR over the forecast period, owing mostly to rising air traffic and steadily improving commercial …
Growing Demand for Efficient and Lightweight Fastening Solutions to Propel Rivet Gun Market by 2028
With a value CAGR of 6.1%, the worldwide rivet gun market is estimated to reach US$ 799.9 Million by the end of the forecast period. Increasing demand for pneumatic rivet guns and greater online rivet gun sales are two important reasons projected to fuel worldwide rivet gun demand. Increasing popularity of power tools and design …
Global Military Parachute Market Forecast 2022 to 2032: Advancements in Materials and Technologies to Drive Growth
The global military parachute market is currently worth US$ 1.35 billion and is expected to be worth US$ 2.3 billion by 2032, growing at a 5.5% CAGR between 2022 and 2032. With increased applications of parachutes in various military activities, as well as developments in parachute technology, the military parachute market is expected to rise …
Increasing Demand for Efficient and Low-Maintenance Pumping Solutions Propels Diaphragm Pumps Market Growth from 2022 to 2032
The global diaphragm pump market is anticipated to be worth US$ 4,870.0 million in 2022, increasing at a 6.2% CAGR to US$ 8,867.0 million by 2032. The expansion is related to the increased creation of various compact diaphragm pumps with very basic designs. Between 2016 and 2021, the diaphragm pump market increased at a 5.5% …
Advancements in Digital Technologies and Increasing Demand for Operational Efficiency Drive Oil & Gas Terminal Automation Market Growth from 2022 to 2032
The global oil and gas terminal automation market was valued at US$ 1258.0 million in 2021 and is expected to reach US$ 1303.1 million in 2022. As a result of the oil and gas industry’s rapid expansion, worldwide demand for oil and gas terminal automation is expected to grow at a 7.8% CAGR between 2022 …
Rising Industrialization and Infrastructural Development Propel Middle East Conveyor Belts Market Growth from 2022 to 2032
The Middle East conveyor belts market Size is estimated to develop at a CAGR of 4.6% during the forecast period. The market is estimated to be worth US$ 325.45 billion by 2032, up from US$ 207.57 billion in 2022. The Middle East conveyor belts market is expected to be valued US$ 199.40 billion in 2021. …
Growing Demand for Grid Stability Drives Synchronous Condenser Market Growth from 2022 to 2029
The global synchronous condenser market is expected to reach roughly US$ 1.01 billion in 2022, with a year-on-year growth rate of 7.9%. However, with the increasing usage of the synchronous condenser across a wide range of end-use sectors, the entire market is expected to increase at an 8.2% CAGR between 2022 and 2029, totaling US$ …