The centrifugal pumps market is currently assessed at approximately USD 33 billion for the year 2023, with a projected escalation to about USD 60 billion by the culmination of 2033. Anticipatedly, the uptake of centrifugal pumps is poised to make noteworthy progress, manifesting a Compound Annual Growth Rate (CAGR) of 6.2% throughout the envisaged period. A salient …
Category Archives: Industrial News
FMI Study Affirms Middle East Conveyor Belts Market Valuation to Cross USD 338.7 Billion Mark by 2033, Driven by 4.6% CAGR
The Middle East conveyor belts market currently boasts a significant valuation of USD 216.08 billion as of 2023, with projections indicating a rise to USD 338.7 billion by 2033. This dynamic market demonstrates a clear trajectory of upward momentum, having experienced notable growth from its 2022 valuation of USD 207.570 billion. The driving force behind this remarkable …
FMI Analysis Indicates Global Laser Safety Glasses Market Anticipated to Drive Past USD 1.05 Billion Revenue by 2028, Growing at 10.9% CAGR
Future Market Insights (FMI) analysis reveals that the global laser safety glasses market is poised for substantial growth, anticipated to exceed a valuation of USD 1.05 billion by 2028. Marking a significant Compound Annual Growth Rate (CAGR) of 10.9% during the period spanning 2022 to 2028, this projection underscores the escalating demand for laser safety solutions across …
Global Below 30 Hp Centrifugal Water Pump Market Size to Hit USD 68.95 Million by 2032, Driven by 5.3% CAGR | FMI Projection
The global below 30 Hp centrifugal water pump market is positioned for impressive expansion, aiming for a projected valuation of USD 68.95 million by 2032, compared to USD 37.1 million in 2022. This significant growth is supported by a projected compound annual growth rate (CAGR) of 5.3% over the forecasted period, highlighting the market’s dynamic and promising …
FMI Analysis Affirms Global Produced Water Treatment Systems Market to Exceed USD 8.41 Billion Valuation by 2034, Growing at 5.72% CAGR
The produced water treatment systems market is forecasted to achieve remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 5.72% from 2024 to 2034, resulting in a valuation exceeding USD 8.41 billion. Presently valued at approximately USD 4.55 billion in 2023, this substantial upward trend is primarily driven by the escalating global activities within the …
Global Lead Acid Battery Market Revenue Size to Hit USD 106.8 Billion by 2034, Surging Steadily at a CAGR of 5.6% | FMI Study
The lead-acid battery market valuation is expected to reach USD 62.6 billion in 2024. Future Market Insights (FMI) analysis has forecasted the lead-acid battery sales to increase at a 5.6% CAGR between 2024 and 2034. According to the study, the overall market valuation will top USD 106.8 billion by 2034. According to the market analysis by Future Market Insights, …
Global Solar Inverter Market Forecasted to be Valued at USD 20,883.04 Million by 2033, Growing at an Average 6% CAGR | FMI Report
The solar inverter market is set on a path of substantial growth, with forecasts predicting a robust Compound Annual Growth Rate (CAGR) of 6% leading up to 2033. By that year, the market anticipates reaching a notable valuation of USD 20,883.04 million. Noteworthy progress is expected by 2023, with a significant milestone targeting a valuation of USD …
Global RFID Kanban Systems Market Revenue to Surpass USD 8.4 Billion Mark by 2032, Driven by 18.1% CAGR Growth | FMI Study
The RFID Kanban systems market is poised for remarkable growth, with projections indicating a surge to surpass USD 8.4 billion by 2032, driven by an impressive compound annual growth rate (CAGR) of 18.1%. This upward trajectory, originating from a market size of USD 1.6 billion in 2022, underscores the transformative potential of RFID Kanban solutions in modern …
Global Testing, Inspection, and Certification Market Share to Drive Past USD 4,18,640.80 Million by 2033, Growing at 5.30% CAGR
The global testing, inspection, and certification market is poised for remarkable expansion, aiming for an impressive valuation of USD 4,18,640.80 million by 2033, supported by a consistent Compound Annual Growth Rate (CAGR) of 5.30%. As of 2023, the market stands at USD 2,49,780.10 million, as reported by our industrial automation analysts. These vital services employ advanced analytical …
FMI States Global Lightning Arrester Market Share to Exceed USD 1627.2 Million Mark by 2034, Growing at 6.4% CAGR
The global lightning arrester market stands poised for significant expansion, with anticipated valuation of USD 876.3 million in 2024, marking the onset of substantial growth over the next decade. Forecasts project a remarkable ascent to USD 1627.2 million by 2034, indicating a robust Compound Annual Growth Rate (CAGR) of 6.4%. Lightning arresters, often overlooked yet indispensable, assume …