The industrial and workplace safety market is on track for explosive growth, with a projected valuation of USD 11.1 billion by 2033. This expansion reflects a steady Compound Annual Growth Rate (CAGR) of 6%, signifying a significant advancement in global safety standards. In 2023, the market achieved a notable valuation of USD 6.2 billion, marking the beginning …
Category Archives: Industrial News
Global Fuel Cell for Stationary Power Market Forecasted to Exceed USD 5,676.8 Million by 2033, Driven by 11.1% CAGR | FMI Study
The fuel cells for stationary power market is poised for significant growth, with a projected valuation of USD 5,676.8 million by 2033. This expansion is anticipated to occur at a robust Compound Annual Growth Rate (CAGR) of 11.1% from its current market value of USD 1,981.4 million in 2023 (Future Market Insights, Inc.). This significant growth highlights …
FMI Report Affirms Global Hazardous Area Equipment Market to be Valued at USD 15.43 Billion by 2033, Driving 5.2% CAGR
The global hazardous area equipment market is on track for significant growth, with a projected valuation of USD 15.43 billion by 2033 (Future Market Insights, Inc.). This expansion is fueled by a steady Compound Annual Growth Rate (CAGR) of 5.2%, building upon a market value of USD 9.49 billion in 2023. Hazardous area equipment plays a crucial …
FMI Study Indicates Global Industrial Safety Footwear Market to Drive Past USD 23.6 Billion by 2033, Driving 7.4% CAGR Growth
The industrial safety footwear market is poised for significant expansion, driven by a robust Compound Annual Growth Rate (CAGR) of 7.4% projected over the forecast period. By the year 2023, the market was anticipated to reach a substantial value of USD 11.6 billion, with estimations indicating a doubling in worth to USD 23.6 billion by 2033. Several …
Global Industrial PC Market Share Anticipated to Cross USD 9.4 Billion Mark by 2032, Driven by 6% CAGR Growth | FMI Analysis
The global industrial PC market has exhibited remarkable growth, achieving a commendable valuation of USD 5 billion in 2021. Projections for the period spanning from 2022 to 2032 forecast a robust Compound Annual Growth Rate (CAGR) of 6%, culminating in an anticipated valuation exceeding USD 9.4 billion. This upward trajectory is primarily driven by escalating demand across …
Global Industrial Automation Market Size Forecasted to Hit USD 81.4 Billion Valuation by 2033, Driving 7.2% CAGR Growth
The global industrial automation market is poised for substantial growth, with projections indicating a valuation exceeding USD 81.4 billion by 2033, driven by a steadfast Compound Annual Growth Rate (CAGR) of 7.2%. Starting with an initial forecasted value of USD 40.6 billion in 2023, the market lays a strong foundation for ambitious expansion in the coming decade. …
Global Stacker Crane Market Revenue Share to Exceed USD 2.4 Billion Milestone by 2033, Expanding at 7.9% CAGR | FMI Analysis
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 USD 1.1 billion in 2023 to USD 2.4 billion by 2033 end. Over the projection period, the stacker crane business is expected to increase at a healthy …
FMI Study Projects Global Power Generator for Military Market Valuation to Surpass USD 1,605.3 Million by 2033, Driven by 3.6% CAGR
The global power generator for military market is predicted to register a CAGR of 3.6% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from USD 1,127.1 million in 2023 to USD 1,605.3 million by 2033 end. The technological upgradation in diesel generators is eliciting market development of power generators for military. In this regard, the development …
FMI Study Indicates Europe Woodworking Power Tools Market Revenue Forecasted to Expand at a Steady 5% CAGR by 2030
Forecast by Future Market Insights states that the Europe woodworking power tools market is estimated to grow at a CAGR of 5% between 2020 and 2030. The construction and carpentry sectors in Europe are driving the growth of the woodworking power tools market (FMI). In 2030, the European woodworking power tools business, led by Germany, the United Kingdom, and …
Global Refrigeration Leak Detector Market Projected to Surpass USD 149.3 Million Valuation by 2033, Growing Steadily at 3.4% CAGR
The refrigeration leak detector market is positioned for substantial growth, having achieved a noteworthy valuation of USD 106.8 million in 2023, supported by a commendable Compound Annual Growth Rate (CAGR) of 3.4%. This trajectory is expected to lead to a significant market worth of USD 149.3 million by 2033. The heightened demand for refrigeration leak detectors is …