According to FMI, the North America electrical testing services market will be worth US$ 1.8 billion in 2021. The rising installation of power transmission equipment such as transformers in refineries, manufacturing plants, trains, and other locations is increasing demand for electrical testing services. Electrical testing service demand in North America increased at a 0.9% CAGR …
Category Archives: Industrial News
Polymer Seals Market to Witness Steady Growth with Projected Valuation of US$ 18.7 billion by 2032
The global polymer seals market is expected to be worth US$ 11.3 billion by 2022. Future Market Insights (FMI) forecasts a 5.1% CAGR to drive market acceleration from 2022 to 2032. Polymer seals have numerous applications in the global oil and gas, aviation, aerospace, and automobile industries. Polymer seals have advantages over other sealants in …
Global Diamond Core Drilling Market Set to Expand at a CAGR of 6.3% from 2023 to 2033: Trends, Drivers, and Competitive Landscape
The global diamond core drilling market is expected to grow at a CAGR of 6.3% during the forecast period. The market is expected to be worth US$ 2 billion in 2023 and US$ 3.7 billion by 2033. The primary market driver is thought to be an increase in construction activities as a result of population …
Global Industrial Robot Controllers Market Expected to Reach US$ 1,657.1 Million: Growth Factors, Trends, and Forecast 2022 to 2029
The global industrial robot controller market is expected to grow at an 8.9% CAGR between 2022 and 2029, according to Future Market Insights (FMI). According to the findings of the report, the global commercial robot controller market will grow significantly over the forecast period, propelled by increased adoption of Human device interaction (HMI), records & …
Expanding Food and Beverage Industry to Drive Growth of Walk-in Coolers and Freezers Market from 2022 to 2029
The Walk-in Coolers and Freezers Market is expected to reach US$ 9.52 billion in 2022 and grow at a 5.7% CAGR to US$ 14.05 billion by 2029. Consumer acceptance of frozen and processed goods, as well as a vertical rise in the market for efficient refrigeration facilities to store and extend the shelf life of …
Rising Demand for Energy Drives Growth of Oil and Gas Valves Market from 2022 to 2029
The global oil and gas valves market was valued at around US$ 10 billion in 2014. The global oil and gas valves market is expected to be worth more than US$ 12 billion by the end of 2022. The oil and gas valves market is expected to grow at a 3.5% CAGR from 2022 to …
Land Survey Equipment Market: Growing Demand for High-Precision Surveying and Mapping to Propel Market Growth from 2022 to 2032
Overall sales of land survey equipment are expected to grow at a 7.2% CAGR between 2022 and 2032, reaching a market value of US$ 11,880.6 million. The global land survey equipment market will be worth US$ 5,945.3 million in 2022, according to Future Market Insights. The current trend is expected to continue throughout the forecast …
Increasing Need for Power Grid Reliability to Drive Growth of Transformer Monitoring Systems from 2022 to 2032
In 2022, the global transformer monitoring system market is expected to be valued at US$ 2,785.2 million . It is expected to grow at an 8.9% CAGR from 2022 to 2032, reaching a value of US$ 6,539.2 Million by the end of 2032. The transformer monitoring system is a process-oriented system that detects quantities such …
Power-to-X Market: Rising Focus on Renewable Energy Sources to Fuel Growth of Power-to-X Technology from 2023 to 2033
During the forecast period, the power-to-x market is expected to grow at a CAGR of 9.8%. The market is expected to reach a market share of US$ 484 million by 2033, with a revenue of US$ 190 million in 2023. The constant search for sustainable power resources along with the rising demand for green hydrogen …
Cable Cars and Ropeways Market: Growing Demand for Sustainable and Scenic Transportation to Propel Market Growth from 2022 to 2032
The global cable cars and ropeways market is expected to reach a valuation of US$ 11.5 million in 2032, with a stellar growth rate of 10.6% CAGR from 2022 to 2032. The cable cars and ropeways market is expected to grow from an estimated value of US$ 4.21 million in 2022 due to increased tourist …