The global industrial robots market is poised for exceptional growth, projected to exceed a valuation of US$ 25,828.99 million by 2033. Driving this remarkable expansion is a robust Compound Annual Growth Rate (CAGR) of 17.20%, starting from a 2023 valuation of US$ 5,282.40 million. A significant catalyst behind this surge is the innovative concept of Robot-as-a-Service (RaaS), …
Category Archives: Industrial News
North America’s Influence Propels Global Edge Bending Machine Market Towards US$ 385.6 Million by 2032, Driven by a Steady 3.1% CAGR
The global edge bending machine market is experiencing a significant upsurge, poised to surpass a valuation of US$ 385.6 million by 2032, driven by a steady Compound Annual Growth Rate (CAGR) of 3.1% from 2022 onwards. This growth trajectory, initiated by the expanding applications of these machines across various manufacturing sectors, reflects a notable increase from its …
High Speed Steel (HSS) Market Soars to US$ 10.6 billion by 2033
High-speed steel (HSS) is a type of tool steel renowned for its exceptional hardness, wear resistance, and ability to retain its cutting edge at elevated temperatures. The high-speed steel (HSS) tools market experienced substantial growth, reaching a valuation of US$ 5.6 billion in 2022. Future Market Insights predicts a robust compound annual growth rate (CAGR) …
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Rig and Oilfield Mats Market Analysis: Industry Rising to USD 2.94 billion by 2034
The global rig and oilfield mats market is predicted to reach a valuation of USD 2.94 Bn by 2034, with sales growing at a healthy CAGR of 5.1% from 2024 to 2034. Valued at US$ 1 Bn in 2021, the target market will likely reach an estimated USD 1.79 billion in 2024. Escalation in crude oil …
Refrigeration and Air Conditioning Compressors Market Value Anticipated US$ 47.2 billion by 2033
Refrigeration and air conditioning compressors are integral components of cooling systems, responsible for compressing refrigerant gases to facilitate heat transfer and maintain desired temperatures. The refrigeration and air conditioning compressors market is securing a CAGR of 3% during the forecast period. The market is anticipated to capture a valuation of US$ 35.1 billion in 2023 …
Electrical Enclosure Market Growth: Industry worth US$ 81.3 billion by 2033
The global Electrical Enclosure Market is poised for substantial growth, with projections indicating a significant increase in value. Expected to reach US$ 46.6 billion by 2022, the market is forecasted to maintain strong demand throughout the assessment period. This sustained growth can be attributed to the rising demand from mining operations and other industrial sectors. By 2033, …
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Dewatering Pump Market Value Anticipated to Reach US$ 12,213.6 million by 2033
A dewatering pump is a specialized pump used to remove water or other liquids from construction sites, mines, tunnels, and other areas prone to flooding or water accumulation. These pumps are designed to handle various types of water, including clean water, slurry, and wastewater. The global dewatering pump market is poised for significant growth, with projections indicating …
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Silicon Anode Battery Market Growth Anticipated to Reach US$ 131.6 billion by 2033
Silicon anode batteries represent a groundbreaking advancement in battery technology, offering significant improvements over traditional lithium-ion batteries. The global silicon anode battery market is likely to be valued at US$ 2.7 billion in 2023. The increasing application of technologically improved silicon anode batteries with high storage capacity across various industries is driving the market growth. FMI projects market is …
Combi Ovens Market Demand: Industry to Rise at US$ 5.8 billion by 2033
Combi ovens, also known as combination ovens or combi steamers, are versatile cooking appliances widely used in professional kitchens and food service establishments. These ovens combine the functionality of convection ovens, steamers, and sometimes even grills or smokers into a single unit, offering a range of cooking methods in one machine. Here’s an overview of …
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Heat Recovery Steam Generator Market Analysis: Industry worth US$ 2.03 billion by 2033
Heat Recovery Steam Generators (HRSGs) are instrumental in maximizing energy efficiency and reducing environmental impact in various industrial processes. Amidst the prevailing energy crisis, heat recovery steam generators (HRSGs) emerge as indispensable tools for energy conservation. Integral to combined cycle systems, which encompass both gas turbine and steam power cycles, HRSGs stand out as highly …