The global industrial furnaces market is expected to be worth US$ 17,112 million by 2032, with sales increasing at a moderate CAGR of 4.3% between 2022 and 2032. The market for industrial furnaces will reach an estimated US$ 11,230 Million in 2022, propelled by a rapidly shifting preference for automation technologies and electrical industrial equipment. …
Category Archives: Industrial News
Marine Selective Catalytic Reduction Systems Market is projected to expand at a CAGR of 6% to attain a net worth of US$ 8.54 Billion from 2023 to 2033, Study by FMI
The global marine selective catalytic reduction systems market may reach a valuation of US$ 4.77 billion by 2023, at a CAGR of 6.0%. By 2033, the global market projections indicate a value of US$ 8.54 billion. Key Market Dynamics The global maritime selective catalytic reduction (SCR) systems market is expected to develop significantly through 2033. …
Global Air Filters Market size is set to reach a Valuation of US$ 30.33 Billion during Forecast 2023 to 2033, Get Insights FMI
The global air filters market size is expected to increase from US$ 16.53 billion in 2023 to US$ 30.33 billion by 2033, at a CAGR of 6.26%. The primary driver of the market is the increasing awareness of the health hazards associated with air pollution, which is responsible for over 7 million premature deaths worldwide …
Emulsion Explosive Market is Expected to Grow at a CAGR of 4.9% from 2022 to 2028 | Future Market Insights, Inc.
The Global Emulsion Explosive Market is expected to reach US$ 2,634.3 Million by 2022, at a CAGR of 4.9 percent during the forecast period. The global construction, mining, and infrastructure investment boom is propelling the emulsion explosives market. According to Future Market Insights, the sales value of emulsion explosives is expected to reach nearly 13 …
ASEAN Safety Sensors and Switches Market is Projected to Register a CAGR of 10.2% during the Assessment Period 2022 to 2028 | Future Market Insights, Inc.
The safety sensors and switches market in ASEAN countries is estimated to be worth around US$ 891 Mn in 2022. With rising adoption of ASEAN safety sensors and switches for minimizing the personal and institutional damage, the overall market is anticipated to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028. Almost …
Global Gasoline Generator Market to Surpass a Valuation of US$ 994.6 Million during Forecast 2022 to 2029 | Future Market Insights, Inc.
As per the findings of the report, the global gasoline generator market is likely to experience considerable growth during the forecast period, owing to several dynamic factors, such as rising demand from residential and commercial sectors for running small power loads in case of power outages. The global Gasoline Generator Market is estimated to surpass a valuation of US$ 768.8 …
Substation Automation Market Expected to Register a Strong 6.7% CAGR during Forecast 2022 to 2032, Get Insights FMI
The global substation automation market is expected to be valued at US$ 29.12 Billion in 2022, as per a recently published Future Market Insights report. With the increasing demand for electric and hybrid vehicles, coupled with the rising use of digital technology to improve grid efficiency in smart cities, overall demand for substation automation is projected to grow at a …
Vapour Recovery Units Market valued at US$ 1,202.0 Million in 2022 and expected to reach US$ 1,662.2 Million by 2028 | Future Market Insights, Inc.
The vapour recovery units market was worth US$ 805 million in 2013 and is expected to be worth US$ 1,202.0 million in 2022. During the forecast period 2022 to 2028, the market for vapour recovery units is expected to grow at a 5.6% CAGR. Because of their use in preventing crude oil loss from storage …
Global Clad Pipe Market to Reach US$ 3,779.9 Million by 2032 | Report by Future Market Insights, Inc.
The global clad pipe market is expected to grow from US$ 2,457.4 million in 2022 to US$ 3,779.9 million in 2032. According to FMI, the market will grow at a CAGR of 4.4% over the forecast period. The need to protect pipelines from highly corrosive maritime conditions, as well as the relatively low cost of …
Conveyor System Market to Expand at a Steady 4.5% CAGR by 2031: Analysis of Key Trends, Drivers & Challenges
The conveyor system market grew steadily in 2021, with global revenues increasing 3.5% year on year. The conveyor system market is expected to reach US$ 13.7 billion in 2021, at a CAGR of 4.5%, due to increased mergers and acquisitions by Tier-1 companies and the integration of machine learning and the internet of things in …