The North America Variable Frequency Drive Market is currently worth US$ 4.77 billion and is expected to be worth US$ 5.06 billion by 2032, growing at a CAGR of 6% from 2022 to 2032. North America is known for its preference for machines over human labour. In terms of reliance on these machines, variable frequency drives aid …
Category Archives: Industrial News
Industrial Valves Market is Expected to Reach US$ 96.2 Billion during Forecast 2022 to 2029 | Says Future Market Insights, Inc.
In 2022, the global industrial valves market is anticipated to be valued around US$ 71.8 billion. Overall demand for industrial valves for managing material flow is predicted to expand at a moderate 4.3% CAGR between 2022 and 2029, reaching US$ 96.2 billion by 2029. Steel will remain the most preferred material for the construction of industrial valves. …
Global High Pressure Processing Equipment Market to Surpass a Valuation of US$ 1.1 Billion during Forecast 2023 to 2033, Says FMI
The global high-pressure processing equipment market is expected to be worth US$ 333.9 million in 2023 and US$ 1.1 billion by 2033. Over the forecast period, the market is expected to grow at an annual rate of 12.8%. The high pressure processing equipment industry is driven by a number of factors, including rising demand for processed foods, food …
Global Poultry Keeping Machinery Market is Projected to Reach a High Valuation of US$ 6.54 Billion by 2028: Analysis of Growth Opportunities and Trends
The global poultry keeping machinery market is set to be valued at around US$ 5.09 Billion in 2022, registering Y-o-Y growth of 3.2%. The market is projected to increase at a CAGR of 3.6% and attain a valuation of US$ 6.54 Billion by 2028. The study primarily attributes the market for poultry keeping equipment’s bright future to …
Australia Conveyor Maintenance Market to Grow at a CAGR of 2.9%, Reaching a Valuation of US$ 873.43 Million from 2022 to 2032: Get Insights FMI
Over the forecast period of 2022 to 2032, the global Australian conveyor maintenance market is expected to grow at a sluggish 2.9%. The global market is expected to create approximately US$ 675.29 million in sales in 2022, rising to an anticipated value of US$ 873.43 million by 2032. According to a global assessment of the Australian conveyor …
Power Tools Market to Expand at a Steady 5.1% CAGR from 2022 to 2032: Analysis of Key Trends, Drivers & Challenges
The global power tools market size was valued at US$ 33.36 Billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% CAGR between 2022 and 2032. Tools that are activated using a power source apart from manual labor are termed as power tools. They are used in a variety of …
Solar Microinverter Market is expected to boost 18.1% CAGR during Forecast 2022 to 2032 | Get Customized Reports
The global solar microinverter market is expected to grow at an 18.1% CAGR from 2022 to 2032, reaching a valuation of US$ 5,716.0 Million. In 2022, the integrated system category is expected to account for around 8% of the worldwide solar microinverter market by system type. According to World Bank forecasts, the global economy would grow by …
Global Commercial Refrigeration Equipment Market is Expected to Reach a High Valuation of US$ 68.3 Billion by 2028: Analysis of Growth Opportunities and Trends
The global commercial refrigeration equipment market is expected to be worth US$ 68.3 billion by 2028, growing at a 4% CAGR from 2022 to 2028. The market for commercial refrigeration devices is expected to grow at a CAGR of 4% over the forecast period. By the end of 2022, the commercial refrigeration equipment market is expected to be …
Middle East Conveyor Belts Market is Projected to Exhibit a Strong 4.6% CAGR from 2022 to 2032, Says FMI
The Middle East conveyor belts market is anticipated to expand at a CAGR of 4.6% over the course of the forecast period. The market is anticipated to increase in value from US$ 207.57 billion in 2022 to US$ 325.45 billion by 2032. Middle Eastern conveyor belt sales are anticipated to reach US$ 199.40 billion in 2021. Over …
Laser Safety Glasses Market Poised for Robust Growth with Impressive 10.9% CAGR from 2022 to 2028, Says FMI
The laser safety glasses market will generate US$ 509 million in revenue in 2021. By 2028, the global market is anticipated to be worth US$1.05 billion, growing at a rapid CAGR of 10.9%. According to a recent Future Market Insights (FMI) report, the increasing use of laser equipment in various end-use industries is the main factor driving …