The electric motor market is poised for striking expansion, with an average Compound Annual Growth Rate (CAGR) of 6.6% projected from 2024 to 2034. By the year 2034, this dynamic sector is anticipated to achieve a noteworthy valuation of around USD 268.2 billion. What distinguishes this market is its transformative trajectory. In 2024, the global electric motor …
Category Archives: Industrial News
Global Process Automation and Instrumentation Market Size Predicted to Cross USD 1.72 Billion by 2033, Driven by a 5.5% CAGR
According to a report by Future Market Insights (FMI), the process automation and instrumentation market is projected to grow at a steady compound annual growth rate (CAGR) of 5.5% from 2023 to 2033. The market is expected to reach USD 1.72 billion by 2033, up from an estimated USD 1.06 billion in 2023. Key Drivers and Benefits of the Process Automation and Instrumentation …
FMI Forecasts Global Calibrator Market Size Anticipated to Hit USD 1.4 Billion Mark by 2033, Sustaining 4.3% CAGR Growth
The global calibrator market, valued at USD 0.92 billion in 2022, is poised for steady growth, with projections indicating a rise to USD 1.4 billion by 2033. Driven by increased demand from the mining sector and advancements in calibration technology, the market is expected to secure approximately USD 0.96 billion in 2023, recording a CAGR of …
Global Backflow Preventers Market Revenue Share Forecasted to Exceed USD 13.8 Billion by 2033, Growing at a 4.5% CAGR
According to market analysis, the backflow preventers market is projected to expand steadily over the next decade, with an estimated market value of USD 13.8 billion by 2033. This growth reflects a compounded annual growth rate (CAGR) of 4.5% from 2023 to 2033. Backflow preventers are crucial components of plumbing systems designed to ensure the safety of …
Global Dust Extractor Market Revenue Share to Exceed USD 5.3 Billion Mark by 2033, Surging with a Decent 8.6% CAGR | FMI Study
The global dust extractor market is on a robust growth trajectory, projected to reach USD 5.3 billion by 2033, up from USD 2.2 billion in 2022. This impressive expansion reflects a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2023 to 2033. Demand for dust extractors is anticipated to remain high due to …
FMI Report Affirms Global Industrial Condensing Units Market Size to Surpass USD 15.95 Billion by 2033, Surging at a CAGR of 5.2%
The global industrial condensing units market, valued at approximately USD 11.75 billion in 2022, is poised for steady growth in the coming years. Fueled by increasing demand across a variety of end-use sectors, the market is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2028, reaching a valuation of …
FMI Projection States Global Cathodic Protection Market Share to Cross USD 7.64 Billion by 2033, Surging at an Average 5.2% CAGR
The global cathodic protection market is poised for an extraordinary surge, with a projected Compound Annual Growth Rate (CAGR) of 5.2% between 2023 and 2033. By 2033, this dynamic market segment is anticipated to hold an impressive market share of USD 7.64 billion, compared to the expected value of USD 4.60 billion in 2023. Driving Factors Accelerating …
FMI Study Indicates Global Compost Turning Machine Market Size to Cross USD 181.2 Million by 2033, Surging Steadily at 3.8% CAGR
The compost turning machine market valued at an anticipated USD 120.3 million in 2022, is poised for sustained growth driven by a surge in demand for compost-turning machines across diverse industries. The burgeoning adoption of these machines in agriculture, construction, and manufacturing industries is a key factor propelling growth, with the market projected to attain USD 181.2 …
Global Linear Slide Units Market Share Forecasted to Hit USD 3.6 Billion by 2028, Surging at a 7.2% CAGR | FMI Projection
The global linear slide units market is expected to surpass the valuation of USD 3.6 billion by 2028. By the end of 2022, the global valuation stood at approximately USD 2.4 billion. Forecasts for the market’s trajectory indicate a robust growth trend in the coming years, with an expected Compound Annual Growth Rate (CAGR) of 7.2%. The …
FMI Study States Global Mud Pumps Market Size to Hit USD 1.32 Billion by 2033, Growing with a 3.6% CAGR
The global mud pump market was anticipated to reach a valuation of approximately USD 0.93 billion by 2023. The upward trend in drilling activities within the oil and gas industry is expected to be the primary driver of market growth. Projections indicate that by 2033, the market’s value could ascend to USD 1.32 billion, reflecting a Compound …