According to a recent FMI report, the global DC switchgear market is expected to grow at a 6% CAGR over the forecast period. The region’s dominance in the global market is the result of several governments in this region implementing innovative grid programmes and massive investments in modernising electricity transmission and distribution networks. DC switchgear statistics point …
Category Archives: Industrial News
Positive Displacement Pump Market is projected to reach US$ 21 Billion from 2022 to 2032, FMI Study
According to a recent FMI study, the global positive displacement pump market will grow at a 4.3% CAGR from 2022 to 2032. The market is expected to be valued at US$ 21 billion by the end of the assessment period. Positive displacement pumps are widely used in a variety of end-user industries around the world. Furthermore, the …
Global Collaborative Robots Market to Surpass a Valuation of US$ 20.5 Billion during Forecast 2023 to 2033 | Says FMI
By the end of 2023, the global Collaborative Robots Market is expected to exceed US$ 2.2 billion. The collaborative robots market is expected to exceed US$ 20.5 billion by 2033, expanding at a staggering CAGR of 25.1% between 2023 and 2033, according to Future Market Insights. (FMI). Demand for collaborative robots is increasing due to the introduction …
Noise Control System Market: Overview, Data Updates, Reports Analysis by 2031 | FMI
Between 2021 and 2031, the global noise control system market is expected to grow at a 3.7% CAGR. According to Future Market Insights (FMI), the market will continue to grow steadily as a result of the increased emphasis on reducing noise pollution in various industries. Government-imposed strict regulations to reduce noise pollution, particularly in and around hospitals, …
Radial Drilling Machine Market is Expected to Register a 7.7% CAGR from 2022 to 2032, Get Insights FMI
The global radial drilling machine market is forecasted to be valued at US$ 8.8 Billion by 2032, up from US$ 4.2 Billion in 2022, advancing at a CAGR of 7.7% during the forecast period. Drilling activities such boring holes, reaming, countersinking, counterboring, tapping, and spot facing and tapping are in high demand due to the growing industrial …
Spray Dryer Market is Expected to Reach a Strong Valuation of US$ 7,643.3 Billion from 2022 to 2032 | Get Customized Reports
Sales of spray dryers are anticipated to grow globally at a CAGR of 4.4% during the forecast period. The market revenue is anticipated to reach a value of US$ 4,984.6 million in 2022 and grow to US$ 7,643.3 million by 2032. The material to be dried is atomized into tiny particles in spray dryers, where it is then dried by coming into contact …
Traction Motors Market is Projected to Grow at a Strong 13% CAGR by 2032, FMI Study
Between 2022 and 2032, the global traction motor market is predicted to develop at a CAGR of 13.0%, exceeding a worth of US$ 30 billion by 2032, while global sales are expected to reach 12-15%. Overall demand for these high-performance motors has boosted expansion in this market category, which traditionally had minimal competition until recently, when new …
Thickness planers market is projected to experience considerable growth during the forecast year by 2032
The forecast period from 2022 to 2032 anticipates significant growth for the global thickness planers market. The increased use of thickness planers by woodworkers and DIY (do-it-yourself) enthusiasts around the world is credited with growth. Thickness planers are woodworking machines that are used to trim wood boards to a uniform thickness along their length. They …
Marine Bearings Market Is Forecasted To Be Appraised At US$ 8543.0 Million By 2032
The value of the global marine bearings market is anticipated to reach US$ 8543.0 million by 2032, up from US$ 5622.0 million in 2022, with a CAGR of 4.3% during the forecast period. Any marine vessel, whether it is a high-end cruise ship, another ship used for transportation, or a warship to guard the country’s …
Navigation, Imaging and Positioning Solutions Market will grow at a 27% CAGR, pushing the market valuation to approximately US$ 24 Bn in 2032.
By 2022, it is anticipated that the global market for navigation, imaging, and positioning solutions will reach US$ 7 billion. By 2032, the market value will be close to US$ 24 billion thanks to adoption of these solutions in homes, hospitals, and warehouse management, which will drive sales at a startling 27% CAGR. The ability …