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. …
Category Archives: Industrial News
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 …
FMI Report Indicates Global Water Treatment System Market Size to Exceed USD 1,28,230 Million Value by 2033, Growing at 6.2% CAGR
The global water treatment system market is poised for substantial growth, with an anticipated revenue of USD 65,164 million in 2023. Projections by industry experts indicate a steady Compound Annual Growth Rate (CAGR) of 6.2% until 2033, positioning the market to achieve an impressive valuation of USD 1,28,230 million by the end of the forecast period. A …
Global Non-Destructive Testing (NDT) Inspection Services Market Share to Cross USD 47 Billion by 2034, Surging at 7.7% CAGR
The global Non-Destructive Testing (NDT) inspection services market is poised for substantial growth, with a noteworthy Compound Annual Growth Rate (CAGR) projected to exceed 7.7% from 2024 to 2034. This significant expansion is attributed to the influential impact of automation, a response to the manufacturing sector’s increasing demand for faster and more efficient processes. Non-Destructive Testing (NDT) …
FMI Analysis Indicates Global Image Based Barcode Reader Market Revenue to Grow at a Decent CAGR of 7% Upto 2032
The image-based barcode reader market forecasts a Compound Annual Growth Rate (CAGR) of 7% until 2032. This growth trajectory is propelled by the widespread integration of highly advanced smartphones across society, ushering in a new era of application-driven retail solutions. QR codes and barcodes, once primarily used for inventory management, are now becoming invaluable assets for captivating …
Expansion Valves Market Shows a Positive Growth Outlook through 2034, Surpassing USD 17.3 Billion, Surging at 4.2% CAGR
The expansion valves market is projected to total USD 17.3 Billion in 2033 from USD 11.5 Billion in 2024 at a CAGR of 4.2%. Expansion Valves are widely used in refrigeration and air conditioning systems to modulate the flow of refrigerants. This facilitates precise control of superheating and promotes compressor efficiency. This aids in compressor safety and prolongs service life by …
FMI Forecast States Global Power Tool Gear Market Size to Surpass USD 8.38 Billion Mark by 2030, Growing Steadily at 5.1% CAGR
The global power tool gears market is poised for substantial growth, with a projected valuation exceeding USD 8.38 billion by 2030. This expansion is forecasted to occur at a robust Compound Annual Growth Rate (CAGR) of 5.1% over the coming years. The in-depth study by FMI provides comprehensive insights into the dynamics driving this market surge, accompanied …