According to FMI, the China elevator ropes market will be worth US$ 202.2 million in 2022 and will grow at a 4.5% CAGR between 2022 and 2032, reaching US$ 314.6 million by the end of 2032. Elevator ropes are in high demand as the construction and building industries expand, as does the installation of lifts …
Category Archives: Industrial News
Marine Cranes Market to Grow at a CAGR of 7.5%, Reaching a Valuation of US$ 3868.2 Million from 2022 to 2032: Analysis of Trends, Drivers, and Opportunities
The global marine cranes market is expected to be worth US$ 7945.2 million by 2032, up from US$ 3868.2 million in 2022, at a CAGR of 7.5% during the forecast period. Marine cranes are rotating lifting and pedestal-mounted elevating machines used to transport cargo or personnel on marine vessels, oil drilling platforms, navy ships, and …
Laser Welding Equipment Market to Reach US$ 373 Million, Growing at a CAGR of 4.8% from 2022 to 2032: Analysis of Key Players, Drivers, and Opportunities
The laser welding equipment market is expected to increase by US$ 373 million by 2025, expanding at a 4.8% CAGR between 2022 and 2032. Laser beams are now widely used and considered “commonplace” as laser technology advances. Laser welding can be used to join a wide range of materials. High melting point and heat conductivity …
CHP Market is growing at a Strong CAGR of 6.4% during Forecast 2022 to 2032 | Future Market Insights, Inc.
The global CHP market is expected to grow at a 6.4% CAGR to US$ 2,091.6 million by 2022. The market is expected to exceed a market value of US$ 3,876.5 million during the forecast period of 2022 to 2032. Over the forecast period, government regulations governing greenhouse gas emissions, as well as the emergence of …
Thermal Cleaning System Market is Expected to Reach a valuation of US$ 282.5 Million during Forecast 2022 to 2032
The global thermal cleaning systems market is expected to be worth US$ 214 million in 2022. According to Future Market Insights, the market is expected to reach approximately US$ 282.5 Million by 2032, with a 2.8% CAGR from 2022 to 2032. Because of the global expansion of the pharmaceutical industry, thermal cleaning systems are in …
Laser Welding Market is Expected to Expand at a CAGR of 6.9% from 2022 to 2032 | Future Market Insights, Inc.
Between 2022 and 2032, the global laser welding market is expected to be worth US$ 2,758.3 million, rising at a 6.9% CAGR to US$ 5,387.0 million. The growth is attributed to the increasing momentum towards renewable energy generation. According to Future Market Insights, Europe will be a lucrative growth opportunity for Laser Welding, with a …
Chopper Pumps Market is Estimated to Register a Strong 5% CAGR during Forecast 2022 to 2030 | Future Market Insights, Inc.
In its most recent study on the chopper pumps market, Future Market Insights, an ESOMAR-certified Market Research Company, predicts that the market will exceed US$ 1.21 billion by 2030. Chopper pump manufacturers are stepping up efforts to improve chopper pump pumping efficiency. According to FMI’s analysis, a 2%-3% increase in efficiency would result in cost …
Commercial RAC PD Compressor Market size will reach US$ 6.4 Billion during Forecast 2022 to 2028 | Future Market Insights, Inc.
The commercial RAC PD compressor market is expected to reach US$ 5.1 billion in 2022, growing at a robust 4.0% CAGR between 2022 and 2028, according to a new market research report by Future Market Insights. The study looks into the commercial RAC PD compressor market and offers key insights from 2022 to 2029. Over …
Collaborative Robots Market Valued at US$ 2.2 Billion in 2023 and Expected to Reach US$ 20.5 Billion by 2033, Driven by Rising Demand for Automation and Flexibility in Manufacturing
By the end of 2023, the global Collaborative Robots Market is expected to exceed US$ 2.2 billion. The collaborative robots market is expected to exceed US$ 20.5 billion by 2033, expanding at a staggering CAGR of 25.1% between 2023 and 2033, according to Future Market Insights. (FMI). Demand for collaborative robots is increasing due to …
Global Noise Control System Market Expected to Grow at a CAGR of 3.7% by 2031, Driven by Increasing Adoption in Industrial and Commercial Sectors
Between 2021 and 2031, the global noise control system market is expected to grow at a 3.7% CAGR. According to Future Market Insights (FMI), the market will continue to grow steadily as a result of the increased emphasis on reducing noise pollution in various industries. Government-imposed strict regulations to reduce noise pollution, particularly in and …