The global ride-on mower market is positioned for significant growth, with projections indicating a valuation exceeding US$ 4,530.0 million by 2032. This notable trajectory marks a substantial increase from its 2022 value of US$ 3,040.0 million, driven by a commendable Compound Annual Growth Rate (CAGR) of 4.1% over the forecast period. Central to this exceptional growth narrative …
Category Archives: Industrial News
Vapour Recovery Units Market Soars to US$ 2,105.5 Million by 2033
The global vapour recovery units market size is slated to cross a valuation of US$ 1,256.2 million in 2023. It is anticipated to surpass a valuation of US$ 2,105.5 million by 2033. The market will exhibit a modest CAGR of 5.3% from 2023 to 2033. Vapour recovery units are crucial in controlling Volatile Organic Compounds …
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Frequency Converter Market worth US$ 65 billion by 2034
The global frequency converter market value is expected to rise from US$ 25.90 billion in 2024 to US$ 65 billion by 2034. This estimated growth is expected to be driven by a promising CAGR of 9.60% in the frequency converter industry over the next decade. Offshore wind technology is projected to observe significant opportunities owing …
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Hydraulic Cylinder Market to Surpass US$ 24 billion by 2033
The global hydraulic cylinder market is poised for significant expansion, with a projected valuation of US$ 15.3 billion by 2023 and an anticipated Compound Annual Growth Rate (CAGR) of 4.6% throughout the forecast period. By 2033, the market is forecasted to exceed the US$ 24 billion mark. The widespread utilization of hydraulic equipment for converting …
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Automated Material Handling Systems Market Value Soars to US$ 81.8 billion by 2033
Automated Material Handling Systems (AMHS) are transforming warehouses, factories, and distribution centers around the world. By replacing manual tasks with automated processes, AMHS offer significant advantages in efficiency, accuracy, safety, and overall operational control. Let’s delve into the current state of the AMHS market, explore the factors driving its growth, and uncover the exciting opportunities …
Compressed Air Filtration and Dryer System Market Anticipated impressive CAGR of 5.7% by 2033
The compressed air filtration and dryer system market is poised for substantial growth, projected to maintain an impressive Compound Annual Growth Rate (CAGR) of 5.7% throughout the forecast period. By 2023, the market is anticipated to achieve a revenue milestone of US$ 5.69 billion, with further expansion expected to propel it beyond US$ 9.91 billion …
Composite Insulators Market worth US$ 6,413.1 million by 2033
Composite insulators, the lightweight champions of power transmission lines, are rapidly changing the landscape of electricity infrastructure. These innovative alternatives to traditional porcelain insulators offer a multitude of advantages, making them a compelling choice for modern power grids. Let’s delve into the current state of the composite insulator market, explore its exciting future potential, and …
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Stacker Crane Market Anticipating 7.9% CAGR by 2033
The global stacker crane market is predicted to register a CAGR of 7.9% over the forecast period, according to FMI’s analysis. The industry’s market value is anticipated to increase from US$ 1.1 billion in 2023 to US$ 2.4 billion by 2033 end. Over the projection period, the stacker crane business is expected to increase at a healthy …
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Electrical Digital Twin Market Value Surpasses to US$ 3,342.7 Million by 2033
The industrial landscape is undergoing a digital revolution, and electrical systems are no exception. Electrical digital twins (EDT) are emerging as a transformative technology, creating a virtual replica of a physical electrical system. This digital counterpart offers unprecedented insights, improves operational efficiency, and paves the way for a future of predictive maintenance and optimized performance. Get Exclusive …
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Telescopic Masts Market Size Surges to US$ 630.9 million by 2033
The global telescopic masts market is forecasted to expand at 4.8% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to surge from US$ 394.8 million in 2023 to US$ 630.9 million by 2033. Increasing deployment of telescopic masts by law enforcement authorities is projected to propel market growth. These are used to provide signals for multiple types …
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