The global solar microinverter market is expected to grow at an 18.1% CAGR from 2022 to 2032, reaching a valuation of US$ 5,716.0 Million. In 2022, the integrated system category is expected to account for around 8% of the worldwide solar microinverter market by system type. According to World Bank forecasts, the global economy would grow by …
Category Archives: Industrial News
Commercial Refrigeration Equipment Market: Surging Demand from Food Service and Retail Sectors Drives Market Growth between 2022 and 2028
The global commercial refrigeration equipment market is expected to be worth US$ 68.3 billion by 2028, growing at a 4% CAGR from 2022 to 2028. The market for commercial refrigeration devices is expected to grow at a CAGR of 4% over the forecast period. By the end of 2022, the commercial refrigeration equipment market is expected to be …
Middle East Conveyor Belts Market: Infrastructural Development and Industrial Expansion Fuel Market Expansion during Forecast 2022 to 2032
The Middle East conveyor belts market is anticipated to expand at a CAGR of 4.6% over the course of the forecast period. The market is anticipated to increase in value from US$ 207.57 billion in 2022 to US$ 325.45 billion by 2032. Middle Eastern conveyor belt sales are anticipated to reach US$ 199.40 billion in 2021. Over …
Laser Safety Glasses Market: Growing Emphasis on Workplace Safety and Laser Applications Fuel Market Growth during Forecast 2022 to 2028
The laser safety glasses market will generate US$ 509 million in revenue in 2021. By 2028, the global market is anticipated to be worth US$1.05 billion, growing at a rapid CAGR of 10.9%. According to a recent Future Market Insights (FMI) report, the increasing use of laser equipment in various end-use industries is the main factor driving …
Below 30 Hp Centrifugal Water Pump Market: Rising Demand for Small-scale Water Pumping Solutions Propels Market Expansion from 2022 to 2032
The global below 30 HP centrifugal water pump market is expected to grow from US$ 37.1 million in 2022 to US$ 68.95 million in 2032. The market is expected to grow at a 5.3% CAGR between 2022 and 2032. Sales of centrifugal water pumps with 30 HP are increasing due to their great efficiency. This reduces agricultural …
Produced Water Treatment Systems Market: Increasing Environmental Regulations and Growing Water Scarcity Drive Growth Forecasted from 2022 to 2029
In 2022, the global produced water treatment systems market is expected to be worth approximately US$ 4.29 billion. With increased oil and gas activity worldwide, the entire market is expected to develop at a CAGR of 5.8% between 2022 and 2029, achieving a worth of US$ 6.38 billion by 2029. In this research paper, Future Market Insights …
Marine Selective Catalytic Reduction Systems Market Assessment of Key Drivers, Restraints and Future Outlook by 2033
The global marine selective catalytic reduction systems market may reach a valuation of US$ 4.77 billion by 2023, at a CAGR of 6.0%. By 2033, the global market projections indicate a value of US$ 8.54 billion. Key Market Dynamics The global maritime selective catalytic reduction (SCR) systems market is expected to develop significantly through 2033. Owing to …
Air Filters Market: Analysis of Key Trends, Drivers & Challenges by 2033
The global air filters market size is expected to increase from US$ 16.53 billion in 2023 to US$ 30.33 billion by 2033, at a CAGR of 6.26%. The primary driver of the market is the increasing awareness of the health hazards associated with air pollution, which is responsible for over 7 million premature deaths worldwide each year. …
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Industrial Motors Market Set for Strong Growth from 2022 to 2032
The worldwide industrial motors market is estimated to develop at a 3.5% CAGR from 2022 to 2032, reaching a value of more than US$ 917.3 million in 2032. Several government entities, like the European Water Association (Europe), the Environmental Protection Agency (US), and the India Water Works Association (India), are actively drafting legislation and regulations …
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Oil Filled Transformer Market Expands with Technological Advancements by 2033
The oil-filled transformer market is expected to be valued at US$ 39.41 billion in 2023, rising to US$ 73.98 billion by 2033. During the forecast period, the market is expected to grow at a CAGR of 6.5%. The expanding need for oil-filled transformers is being driven by urbanisation, modernisation, population growth, and fast infrastructural development. …
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