The global industrial valves market is on track for significant growth, with a projected valuation exceeding USD 123.05 billion by 2034. This expansion is anticipated to occur at a steady Compound Annual Growth Rate (CAGR) of 4.2% from 2022. As of 2024, the market has already established a strong presence with an estimated value of approximately USD …
Category Archives: Industrial News
FMI Study Affirms Global Barcode Scanner Market Share to Reach USD 14.88 Billion by 2034, Advancing at a 6.52% CAGR
According to a Future Market Insights (FMI), the barcode scanner market is predicted to be valued at USD 7.91 Billion in 2024 and USD 14.88 Billion by 2034. Over the projection period, the barcode scanner market is expected to surge at a CAGR of 6.52%. A prominent driver is the growing adoption of barcode technology in emerging markets and industries. As global …
Global Industrial Robots Market Size Anticipated to Cross USD 25,828.99 Million by 2033, Growing at 17.20% CAGR | FMI Projection
The global industrial robots market is poised for exceptional growth, projected to exceed a valuation of USD 25,828.99 million by 2033. Driving this remarkable expansion is a robust Compound Annual Growth Rate (CAGR) of 17.20%, starting from a 2023 valuation of USD 5,282.40 million. A significant catalyst behind this surge is the innovative concept of Robot-as-a-Service (RaaS), …
FMI Analysis Predicts Global Marine Radar Market Size to Exceed USD 2.4 Billion Valuation by 2033 End, Surging Steadily at 5.5% CAGR
In 2022, the marine radar market was anticipated to generate USD 1.34 billion. As companies offer technologically cutting-edge maritime radar using various wireless technologies, the market is growing. As a result, revenue increased at a CAGR of 5.5% between 2023 and 2033, reaching USD 2.4 billion by 2033. The market is projected to generate USD 1.4 billion …
FMI Forecast Reveals Global Chilled Beam System Market Valuation to Exceed USD 607.1 Million Mark by 2033, Driving 5.7% CAGR Growth
The global chilled beam system market is on track to achieve a significant milestone, with a projected valuation of USD 607.1 million by 2033, representing a notable increase from its estimated worth of USD 348.8 million in 2023. This upward trajectory is underpinned by a substantial Compound Annual Growth Rate (CAGR) of 5.7% from 2023 to 2033, …
FMI Prediction States Global Marine Fuel Injection System Market Size to Hit USD 8,132.1 Million Mark by 2034, Driven by 3.5% CAGR
The marine fuel injection system market is anticipated to be valued at USD 5,765.7 million in 2024, with a projected Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period. By 2034, industry share is estimated to nearly reach USD 8,132.1 million, with the top five players expected to hold approximately 35% to 40% of the …
FMI Study Indicates Global Sulphur Recovery Technology Market to Surpass USD 4.2 Billion by 2033, Surging at 11.1% CAGR Growth
The global sulphur recovery technology market is on track for substantial growth, with projections indicating a notable rise from an estimated value of USD 1.3 billion in 2022 to an impressive USD 4.2 billion by 2033. This anticipated surge not only underscores the remarkable expansion of the market but also highlights the pivotal role that sulphur recovery …
Global Transformer Monitoring System Market Valuation to Reach USD 7,646.39 Million Mark by 2034, Driven by 8.9% CAGR | FMI Study
The global transformer monitoring system market, valued at a robust USD 3,259.70 million in 2024, anticipates a compelling Compound Annual Growth Rate (CAGR) of 8.9% from 2024 to 2034. This trajectory positions the market to attain a substantial valuation of USD 7,646.39 million by 2034. This surge in the transformer monitoring system market not only underscores …
FMI Analysis Indicates Global Tower Crane Market Share to Surge Past USD 33,661.95 Million Mark by 2033, Driven by 4.8% CAGR
The tower crane market is primed for significant growth, projecting an ascent to USD 21,063.30 million in 2023, further reaching an impressive USD 33,661.95 million by 2033. This notable expansion is expected to be upheld by a consistent Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033. The development of efficient tower cranes necessitates a …
Global Water Treatment Market Size Projected to Surpass USD 137.17 Billion Mark by 2034, Growing at 7% CAGR | FMI Report
The global water treatment market is on track to reach an estimated value of around USD 137.17 billion by 2034, growing at a CAGR of 7%. Among the standout segments within this market, water treatment systems are poised for a substantial surge in demand in the forthcoming years. The impetus behind this growth is the ever-growing demand …