The global hydrogen electrolyzer market is projected to reach a valuation of USD 651.6 million in 2024, driven by international collaboration and trade. This trend is expected to unlock new opportunities, leading to a robust CAGR of 24.2% from 2024 to 2034, with the market reaching an estimated value of USD 5,709.8 million by 2034. Electrolyzers play a key role in grid balancing …
Category Archives: Industrial News
FMI Study States Global Refrigerated Display Cases Market Size Anticipated to Cross USD 17,633.71 Million by 2034, Surging at 5.80% CAGR
The size for refrigerated display cases market is projected to increase significantly, from USD 10,034.30 million in 2024 to USD 17,633.71 million in 2034. The most recent estimate indicates that the CAGR between 2024 and 2034 would be 5.80%. Compared to the prior CAGR of 1.73% recorded between 2019 and 2023, that is a notable improvement. Refrigerated …
Global Gasket and Seal Market Revenue Share Forecasted to Reach USD 152,911.56 Million by 2034, Surging at 2.10% CAGR
According to FMI, the global gaskets and seals market will expand at a 2.10% CAGR during the forecast period. The value of the industry is expected to increase from USD 87,012.9 million in 2024 to USD 152,911.56 million by the end of 2034. The need for gaskets and seals is expected to skyrocket in the next years. …
Global Hand Tools Market Valuation Anticipated to Surpass USD 27.9 Billion by 2033, Growing at a 5.8% CAGR | FMI Study
Future Market Insights (FMI) projects the global hand tools market is expected to grow at an average CAGR of 5.8% during the forecast period. The market is projected to generate USD 15.9 billion in revenue in 2023, with an anticipated value of USD 27.9 billion by 2033. Manufacturers recognize the importance of continuous innovation in tool design, adding new features to enhance functionality. …
Global Bulk Terminal Market Valuation to Exceed USD 28,800 Million Mark by 2034, Growing Steadily at a 3.9% CAGR
According to Future Market Insights (FMI), the global bulk terminal market is expected to grow from USD 19,641 million in 2024 to USD 28,800 million by 2034, with a projected CAGR of 3.9% during the forecast period. Bulk terminals play a crucial role in the global logistics and supply chain network by facilitating the storage, handling, and distribution of bulk commodities across various …
FMI Study Indicates Global Mobile Cranes Market Share to Surpass USD 33,500.2 Million by 2034, Growing at an Average 6.7% CAGR
The mobile cranes market is expected to develop at a modest CAGR of 6.7% between 2024 and 2034. The market is expected to be valued at about USD 33,500.2 Million by 2034, up from USD 17,679.6 Million in 2024. The mobile cranes industry is driven by various factors contributing to its growth and development. One key driver is the increasing demand …
FMI Analysis Affirms India Electrical Testing Services Market Revenue Share to Reach USD 308.4 Million by 2033, Growing at 4.4% CAGR
The India electrical testing services market is projected to reach a value of USD 200.5 million by 2023, with a steady growth rate of 4.4% CAGR from 2023 to 2033. By 2033, the market is expected to be worth USD 308.4 million. The widespread availability of reliable and affordable electrical power has enabled modern industries to adopt a wide range of machinery with …
FMI Report States Global Oil & Gas Terminal Automation Market Share Expected to Surge at 7.9% CAGR, Surpassing USD 2,787.5 Million by 2033
The global oil & gas terminal automation market is primed to scale new heights, poised to exceed a valuation of a staggering USD 1,406.04 million by 2023. As we venture into the next decade, between 2023 and 2033, a formidable compound annual growth rate (CAGR) of 7.9% beckons, propelling the market’s worth towards an astronomical USD 2,787.5 …
FMI Report States Global Barcode Printers Market Valuation to Reach USD 8,552.84 Million by 2032, Growing at an Average 5.6% CAGR
Projections indicate a moderate Compound Annual Growth Rate (CAGR) of 7.4% for the global barcode printer market during the forecast period. As of 2022, the market is valued at USD 4,188.60 million, with expectations to reach USD 8,552.87 million by 2032. Historical data provided by experts at Future Market Insights records a CAGR of 5.6% for the …
FMI Analysis Indicates Global Lead Acid Battery Market Size to Hit USD 106.8 Billion by 2034, Surging Steadily at a CAGR of 5.6%
The lead-acid battery market valuation is expected to reach USD 62.6 billion in 2024. Future Market Insights (FMI) analysis has forecasted the lead-acid battery sales to increase at a 5.6% CAGR between 2024 and 2034. According to the study, the overall market valuation will top USD 106.8 billion by 2034. According to the market analysis by Future Market Insights, …