The market for agricultural food grade rubber conveyor belts is anticipated to reach US$ 3,380.57 million in 2022 and US$ 5,506.59 million in 2032, respectively. During the forecast period, it is expected that sales of agricultural food-grade rubber conveyor belts will expand on average at a CAGR of 5%. Businesses are being forced to automate …
Category Archives: Industrial News
Hydraulic Gear Pumps Market Outlook, New Business Opportunity & Demand Analysis during Forecast from 2022 to 2030
With the expansion of the construction sector, steady growth in car sales, and adoption by mining sector operators, the hydraulic gear pump market is still expanding strongly. According to a recent Future Market Insights (FMI) study, the global hydraulic gear pumps market will continue to grow steadily and will be worth US$2.54 billion by the …
Residual Current Circuit Breaker Market is expected to reach US$ 3,411.6 Million as of 2028,Future Market Insights, Inc.
In its recently released research intelligence outlook, presented for the 10-year period 2018 to 2028, Future Market Insights provides a thorough assessment of the highly organised market for residual current circuit breakers. The organised sector, or the Tier 1 and Tier 2 players, take up nearly 75% of the global market. Key Findings from the …
Revolutionizing Cooling Systems: Chilled Water Storage System Market to Witness Strong Expansion by 2032
The global chilled water storage system market is anticipated to be valued at US$ 155.0 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 302.2 Million from 2022 to 2032. Growth is attributed to increasing demand in end-user industries such as petrochemical, oil & gas, pharmaceutical, and food & beverages. From 2016-2021 a CAGR of 2.7% was registered for the biscuit …
Precision Positioning for Efficiency: Rotary Indexer Market on an Upward Trajectory till 2032
The global rotary indexer market is expected to be worth US$ 800 million in 2022, rising at a CAGR of 3.2% from 2022 to 2032 to be worth US$ 1,096.16 million. Growth is being driven by increased demand for silicone elastomers, particularly in the automotive and construction industries. A rotary indexer is a piece of …
Powering the Grid: High Voltage Switchboard Market Poised for Remarkable Growth from 2022 to 2032
The global high voltage switchboard market is anticipated to be worth US$ 2.9 billion in 2022. From 2022 to 2032, consumption is predicted to expand at a 5.2% CAGR, reaching a valuation of US$ 4.8 billion. Rising energy demand, as well as growing demand for mining, power production, and maritime applications, will drive market expansion. As the …
Illuminating Sensing Technology: Optoelectronic Transducers Market to Flourish from 2022 to 2032
The global optoelectronic transducers market is estimated to be valued US$ 3645.8 million by 2032, up from US$ 2403.5 million in 2022, at a CAGR of 4.3% over the forecast period. Optoelectronics is a fundamental technology that includes electrical devices that emit, modulate, and transmit light signals. Optoelectronic transducers detect light waves and transform them into voltage …
Optimizing Air Management: Air Flow Sensors Market Expected to Experience Steady Growth till 2032
The global air flow sensors market is anticipated to be valued US$ 2,242 billion in 2022, with a 3.4% CAGR to US$ 3,140 billion between 2022 and 2032. Aside from rising demand for petrochemical products, this industry is seeing a growth in the usage of efficient devices, and providers have implemented a wide range of innovative technologies. …
Wind Power Unleashed: Direct Drive Wind Turbine Market to Soar in the Next Decade 2022 to 2032
The global direct drive wind turbine market is anticipated to be valued US$ 18.3 billion between 2022 and 2032, at a CAGR of 16.2%. It is estimated to hit US$ 14.6 billion by 2022. Direct drive wind turbine sales are predicted to increase over the evaluation period due to the pressing need to minimise noise, improve surge …
Sorting the Future: Food Sorting Machines Market Anticipated to Flourish during Forecast 2022 to 2032
The global food sorting machines market is estimated to surpass US$ 1.5 billion by 2022. During the assessment period, global demand for packaged food items is estimated to expand at a 5% CAGR, with the market attaining US$ 2 billion by 2032. As the world’s population rises and the food business confronts growing pressure to satisfy customer …