Future Market Insights (FMI) has released a comprehensive analysis on the aircraft ground support equipment industry in Korea, projecting significant growth over the next decade. The industry, valued at approximately USD 117.7 million in 2024, is expected to achieve a robust CAGR of 5.9% through 2034, reaching an impressive valuation of USD 208.6 million by the end of the forecast period. The rapid …
Category Archives: Industrial News
Global Oil Filled Transformer Market Projected to Drive Past USD 73.98 Billion Revenue by 2033, Driven by 6.5% CAGR
The global oil filled transformer market is on a promising trajectory, reaching a valuation of USD 39.41 billion in 2023 and showing signs of significant growth ahead. Projections anticipate a substantial increase by 2033, with an expected valuation exceeding USD 73.98 billion, driven by a notable Compound Annual Growth Rate (CAGR) of 6.5% over the forecast period. However, …
FMI Study Indicates Global Crane Aftermarket Share Expected to Cross USD 13.29 Billion by 2033, Surging at an Average 6% CAGR
The global crane aftermarket is predicted to register a CAGR of 6% over the forecast period, as per FMI’s analysis. The industry’s market size is anticipated to rise from USD 7.42 billion in 2023 to USD 13.29 billion by 2033 end. The crane aftermarket is projected to be driven by the increasing demand for energy the world over, which is pushing the demand …
Global Vacuum Cleaner Filter Market Revenue Share Anticipated to Exceed USD 4,670 Million by 2032, Surging at 9.3% CAGR
According to Future Market Insights (FMI) observations, the global vacuum cleaner filter market was valued at USD 1924.1 million in 2022. The industry is anticipated to exceed USD 4,670 million by 2032 end. The report estimates the market to expand at a positive CAGR of 9.3% from 2022 to 2032. During this period, it is projected that the rising awareness among end users, …
Global Industrial Motors Market Value Estimated to Surpass USD 917.3 Million Mark by 2032, Growing Steadily at 3.5% CAGR
The global industrial motors market exhibits steady growth, maintaining a robust Compound Annual Growth Rate (CAGR) of 3.5%. Starting with an initial valuation of USD 653.0 million in 2022, the market sets ambitious goals, aiming to achieve a significant overall value of USD 917.3 million by 2032. This journey towards sustained growth is characterized by a harmonious integration of …
FMI Study Indicates Global Polymer Seals Market Size to Cross USD 18.7 Billion Mark by 2032, Surging at 5.1% CAGR
The global polymer seals market expected to drive a promising Compound Annual Growth Rate (CAGR) of 5.1% from 2022 to 2032. The market is poised to achieve a significant milestone, aiming for an impressive USD 18.7 billion by 2032. Polymer seals play a crucial role across diverse industries, particularly in the manufacturing of subsea equipment, turret swivel stack systems, …
FMI Study States Global Industrial Counter Market Share to Exceed USD 1,560 Million by 2033, Surging Steadily at 4.1% CAGR
The global industrial counter market is forecasted to reach an impressive valuation of USD 1560.0 million by the year 2033, fueled by a steady Compound Annual Growth Rate (CAGR) of 4.1% from 2023 onwards. With an estimated worth of approximately USD 1042.4 million in 2023, this market segment demonstrates a consistent trajectory of expansion, underpinned by its essential role …
Global Industrial Planetary Gearbox Market Size Estimated to be Worth of USD 6.5 Billion by 2033, Driven by 5.2% CAGR Growth
The global industrial planetary gearbox market is poised for significant expansion, with an anticipated valuation of USD 6.5 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033. A key driver behind this growth is the increasing demand for precision gearboxes, particularly within the cement industry. The cement sector’s adoption of …
FMI Research Projects Global Cattle Handling Systems Market Revenue to Hit USD 4,983 Million by 2033, Driven by 6.6% CAGR
During the forecast period, it is predicted that the global cattle handling systems market will expand at a pragmatic CAGR of 6.6%. In 2023, this market is worth USD 2,630 Million. The cattle handling systems market is anticipated to reach USD 4,983 Million by 2033. Raising and managing cattle herds is difficult for even the finest ranchers. Cattle typically appear to be quite …
FMI Report Affirms Southeast Asia Submersible Pumps Market Revenue to Exceed USD 1,076.8 Million to 2032, Surging at 5.5% CAGR
As per Future Market Insights (FMI), the Southeast Asia submersible pumps market is expected to reach USD 1,076.8 Million in 2032. It is anticipated to showcase steady growth at a CAGR of 5.5% between 2022 and 2032. In 2022, more than 56.9% of the market share is likely to be occupied by bore well submersible pumps in the region owing to their increasing …