The global tea processing equipment market is poised to attain a valuation of US$ 12.8 billion by 2023, projecting a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033. By the close of the decade, an impressive valuation of US$ 25.4 billion is anticipated, emphasizing the enduring global preference for tea. At the core …
Category Archives: Industrial News
Global Small Continuous Fryer Market Eyes US$ 1,007.0 Million Valuation by 2033, Driven by Steady 4.4% CAGR Growth
The global small continuous fryer market is poised to achieve a noteworthy valuation of US$ 1,007.0 million by 2033, a significant increase from its 2023 value of US$ 654.7 million. This impressive trajectory is sustained by a consistent Compound Annual Growth Rate (CAGR) of 4.4% throughout the forecast period, fueled by factors such as the rapid expansion …
Global Poultry Processing Equipment Market Set for Impressive Growth, Targeting US$ 7,958.3 Million Valuation by 2032, Driven by a Resilient 6.6% CAGR
The global poultry processing equipment market is anticipated to soar from its 2022 valuation of US$ 4,200.0 million to a notable US$ 7,958.3 million by 2032, propelled by a commendable Compound Annual Growth Rate (CAGR) of 6.6% over the forecast period. The driving force behind this remarkable growth is the escalating demand for poultry products, necessitating advanced …
Urea Strippers Market Set for Steady Growth, Aiming for US$ 9,912.32 Million Valuation by 2032 with a Consistent 2.4% CAGR
The urea strippers market, valued at US$ 7,819.44 million in 2022, is poised for continual advancement from 2022 to 2032, progressing at a stable rate of 2.4%. This growth trajectory is expected to lead to a significant market value of US$ 9,912.32 million by 2032. The thriving urea strippers market owes its expansion to various factors, …
Extrusion Equipment Market Poised to Reach US$ 8,764.6 Million Valuation by 2032, Fueled by Robust 5.3% CAGR Growth
The global extrusion equipment market is set to witness a substantial compound annual growth rate (CAGR) of 5.3% throughout the forecast period, with a targeted valuation of US$ 8,764.6 million by 2032, showcasing significant expansion from its 2022 value of US$ 5,243.7 million. The surge in demand for extrusion equipment across diverse industries can be attributed to …
Global External Combustion Engine Market Anticipates US$ 889.0 Million by 2032, Driven by a Steady CAGR of 3.9%
The global external combustion engine market is poised to experience a robust Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period. Initial projections suggest a market value of approximately US$ 604.3 million in 2022, with a significant ascent anticipated to achieve an estimated valuation of US$ 889.0 million by 2032. The heightened demand for external …
Solar Microinverter Market on Course for Remarkable Growth, Predicted to Surpass US$ 5,716.0 Million by 2032, Driven by Robust 18.1% CAGR
The global solar microinverter market is poised to achieve an impressive Compound Annual Growth Rate (CAGR) of 18.1% from 2022 to 2032, projecting a valuation surpassing US$ 5,716.0 million by the end of the decade. This remarkable surge not only reflects the increasing adoption of solar energy but also underscores the pivotal role that microinverters play in …
Screw Compressor Market Set to Reach US$ 22.10 Billion by 2034, Driven by a Steady 3.4% CAGR, Fueled by Automation Trends
The screw compressor market is poised to achieve a projected value of US$ 22.10 billion by 2034, sustaining a steady annual growth rate of 3.4%. This growth is primarily fueled by the pervasive influence of automation trends, driving the industry to unprecedented levels of success. A significant contributing factor to the market’s evolution is the increasing demand …
North America Residential Ball Valves Market Set to Exceed US$ 554.1 Million by 2032, Driven by an Average CAGR of 5.6% | FMI Analysis
The North America residential ball valves market is poised for significant growth, with Future Market Insights (FMI) projecting a notable Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2032. By 2032, this dynamic market is anticipated to surpass a substantial valuation of US$ 554.1 million. The increasing demand for residential ball valves in North America …
Global Dynamic Positioning Systems Market Set to Exceed US$ 10.3 Billion by 2032, Driven by a Robust 11.6% CAGR
The global dynamic positioning systems market is poised for significant expansion, with projections indicating it will surpass a valuation of US$ 10.3 billion by 2032. This reflects a robust Compound Annual Growth Rate (CAGR) of 11.6%, starting from its 2022 value of US$ 8.2 billion. A key driver propelling this substantial growth is the increasing demand for …