The mining hoses market is projecting a robust Compound Annual Growth Rate (CAGR) of 6.6% from 2024 to 2034, ultimately reaching an impressive USD 837 million by 2034. A key catalyst propelling this growth is the rapid expansion of construction operations worldwide. As burgeoning economies embark on extensive projects, the demand for mining hoses is expected to experience …
Category Archives: Industrial News
Global Digital Pump Market Share Anticipated to Hit USD 20.5 Billion Mark by 2032, Driving an Average 6.1% CAGR Growth
The digital pump market is envisioning a substantial Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2032. This upward momentum is set to elevate the market to remarkable heights, projecting a valuation of USD 20.5 billion by 2032, marking a significant increase from its 2022 valuation of USD 11.3 billion. At the heart of this …
Vertical Immersion Pumps Market Set for Significant Growth, Poised to Reach USD 6,050.8 Million by 2033, Surging at 3.7% CAGR
The global vertical immersion pumps market is on a robust growth trajectory, with projections indicating a CAGR of 4.8% over the period from 2023 to 2033. In 2023, the market size was valued at USD 3,786.2 million, and by 2033, it is expected to surge to USD 6,050.8 million, driven by increasing industrial demand, technological advancements, and …
FMI Report Predicts Global Anechoic Chamber Market Share to Cross USD 6.64 Billion by 2033, Surging at 16.2% CAGR
The anechoic chamber market is experiencing explosive growth, with a projected valuation of USD 6.64 billion by 2033. This significant expansion is fueled by a remarkable Compound Annual Growth Rate (CAGR) of 16.2%, building upon a market value of USD 1.4 billion in 2023. The growth of the anechoic chamber market is directly linked to the ever-increasing …
FMI Analysis Indicates Global Automated Material Handling Systems Market to Hit USD 81.8 Billion by 2033, Surging at 9.2% CAGR
The global automated material handling systems market is anticipated to grow at a CAGR of 9.2% over the course of the forecast period, according to the most recent study by FMI. The market is anticipated to be worth USD 34 billion in 2023. The value is expected to hit USD 81.8 billion by 2033. The global industry for these machines is growing rapidly in …
FMI Report Indicates Global Industrial and Workplace Safety Market to Surpass USD 11.1 Billion by 2033, Driving 6% CAGR Growth
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 …
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 …