According to the report, the North America electrical testing services market will grow at a 5.9% CAGR between 2021 and 2031. The economic impact of COVID-19 reduced demand for electrical testing services in 2020. With various end-use sectors already returning to normal operations, the market for electrical testing services in North America will expand. The …
Category Archives: Industrial News
Empowering Manufacturing and Infrastructure | Thriving Market for Industrial Hoses in China by 2031
The China Industrial Hoses market is is expected to surpass a valuation of US$ 1.9 Billion in the year 2031 and is expected to reach at a CAGR of 7.3% between 2021 and 2031. The manufacturing vertical is resorting to industrial hoses for ascertaining minimum leakages with lower operating costs. Cryogenic transfer hoses are in …
Advancing Chemical Process Engineering | Emerging Trends and Opportunities in the Glass Reactors Market by 2031
The global glass reactor market is expected to develop at a CAGR of 5.6% from 2021 to 2031, with sales of 400 thousand units. Despite the challenges posed by the COVID-19 outbreak, the market grew by 4.6% year on year in 2021. The growth of the chemical and industrial industries is driving up demand for …
Driving Sustainable Water Treatment | Promising Growth Outlook for the Reverse Osmosis Pump Market from 2023 to 2033
According to Future Market Insights (FMI), the reverse osmosis pump market is estimated to exceed US$ 6.2 billion in 2023, driven by expanding applications in the oil and gas and water treatment industries. The future for reverse osmosis pump demand remains optimistic, with a CAGR of 9% expected from 2023 to 2033. The increased use …
Harnessing the Power of Tritium: Exploring the Potential of the Tritium Light Source Market from 2023 to 2033
The global tritium light source market is anticipated at US$ 6.6 billion in 2022. The sector is gaining pace as companies provide technologically improved tritium light sources with various integrated technologies. The market is expected to accumulate a valuation of US$ 8.6 billion in 2033, recording a CAGR of 2.5% from 2023 to 2033. The market is likely to secure US$ 6.7 billion in …
Poultry Keeping Machinery Market is projected to increase at a CAGR of 3.6% and attain a valuation of US$ 6.54 Billion by 2028
In 2022, the global poultry keeping machinery market is anticipated to reach a value of US$ 5.09 billion, growing 3.2% year over year. By 2028, the market is anticipated to grow at a CAGR of 3.6% and reach a value of US$ 6.54 billion. The study primarily attributes the market for poultry keeping equipment’s bright …
Heat Pumps Market is expected to be appraised at US$ 50,714 Million by 2032
The heat pump market will grow by 3.6% annually in 2022, Future Market Insights (FMI) predicts, reaching a value of about US$ 33,156 Million by the end of the year. By 2032, the market is projected to reach US$ 50.714 Million at a CAGR of 4.3%. It is acknowledged that one of the main market …
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Vapour Recovery Units Market size is anticipated to exhibit substantial growth during the forecast period of 2023 to 2033 | Future Market Insights, Inc.
The size of the global vapour recovery units market is anticipated to increase significantly between 2023 and 2033. In 2023, the global market is projected to be worth US$ 1,256.2 million, according to a study published by Future Market Insights. It is anticipated to be worth more than US$ 2,105.5 million by 2033. Between 2023 …
Variable Frequency Drive (VFD) Market is anticipated to grow at a CAGR exceeding 5% through 2031
The demand for heating and ventilation systems has increased opportunities for infrastructure development in emerging regions, which has led to significant growth in the variable frequency drives (VFD) market in recent years. With the aim of lowering costs and decreasing operational downtime, VFD development is currently shifting towards providing industry-specific solutions, spurring a slew of …
Ultraviolet (UV) Lamps Market is expected to be appraised at US$ 1,123.7 Million by 2032
According to estimates, the market for ultraviolet (UV) lamps will grow strongly from 2022 to 2032, with a CAGR of 11.2%. The market was estimated to be worth about US$ 360.6 million in 2021, and by 2032, it is anticipated to be worth US$ 1,123.7 million. In the global ultraviolet (UV) lamps market, ultraviolet (UV) …