The global radial drilling machine market is forecasted to be valued at US$ 8.8 Billion by 2032, up from US$ 4.2 Billion in 2022, advancing at a CAGR of 7.7% during the forecast period. Drilling activities such boring holes, reaming, countersinking, counterboring, tapping, and spot facing and tapping are in high demand due to the growing industrial …
Category Archives: Industrial News
Spray Dryer Market is Expected to Reach a Strong Valuation of US$ 7,643.3 Billion from 2022 to 2032 | Get Customized Reports
Sales of spray dryers are anticipated to grow globally at a CAGR of 4.4% during the forecast period. The market revenue is anticipated to reach a value of US$ 4,984.6 million in 2022 and grow to US$ 7,643.3 million by 2032. The material to be dried is atomized into tiny particles in spray dryers, where it is then dried by coming into contact …
Traction Motors Market is Projected to Grow at a Strong 13% CAGR by 2032, FMI Study
Between 2022 and 2032, the global traction motor market is predicted to develop at a CAGR of 13.0%, exceeding a worth of US$ 30 billion by 2032, while global sales are expected to reach 12-15%. Overall demand for these high-performance motors has boosted expansion in this market category, which traditionally had minimal competition until recently, when new …
Thickness planers market is projected to experience considerable growth during the forecast year by 2032
The forecast period from 2022 to 2032 anticipates significant growth for the global thickness planers market. The increased use of thickness planers by woodworkers and DIY (do-it-yourself) enthusiasts around the world is credited with growth. Thickness planers are woodworking machines that are used to trim wood boards to a uniform thickness along their length. They …
Marine Bearings Market Is Forecasted To Be Appraised At US$ 8543.0 Million By 2032
The value of the global marine bearings market is anticipated to reach US$ 8543.0 million by 2032, up from US$ 5622.0 million in 2022, with a CAGR of 4.3% during the forecast period. Any marine vessel, whether it is a high-end cruise ship, another ship used for transportation, or a warship to guard the country’s …
Navigation, Imaging and Positioning Solutions Market will grow at a 27% CAGR, pushing the market valuation to approximately US$ 24 Bn in 2032.
By 2022, it is anticipated that the global market for navigation, imaging, and positioning solutions will reach US$ 7 billion. By 2032, the market value will be close to US$ 24 billion thanks to adoption of these solutions in homes, hospitals, and warehouse management, which will drive sales at a startling 27% CAGR. The ability …
Advanced Process Control Market is expected to advance with a steady CAGR of 9.31%, through the forecast year by 2032
The Advanced Process Control market reveals potential threats and hidden opportunities. The report provides a thorough analysis of the Advanced Process Control market by segmenting it according to the major growth factors, business opportunities, market restraints, and challenges that are anticipated to dominate the market in the coming years. The industrial automation sector is anticipated …
Binoculars and Mounting Solutions Market estimated to exhibit growth at a CAGR of 3.8% and surpass US$ 11.4 Billion by 2032.
By 2022, it is anticipated that the global market for binoculars and mounting options will be worth US$ 8.6 billion. Between 2022 and 2032, it is anticipated to grow at a CAGR of 3.8% and surpass US$ 11.4 billion. In the near future, demand for binoculars and mounting solutions market is anticipated to be driven …
Galvanic isolation market is projected to grow at a moderate CAGR of around 5.2% forecast by 2032
In order to get rid of stray current, functional parts of electrical systems are isolated using the design technique known as galvanic isolation. Galvanic isolation, which ensures that AC signals but not stray current pass through the circuit, is typically accomplished using optical isolators and transformers. In healthcare equipment, monitoring systems, and intrinsic safety isolators, …
Prefabricated building system market is projected to grow at a strong CAGR of over 6.1%, reaching a value of over US$ 18.5 billion by 2032
With a CAGR of 6.1% from 2022 to 2032, the global prefabricated building system market is expected to generate lucrative growth opportunities. By 2032, it is expected that the global market will be valued at US$ 18.5 billion. The market’s expansion is attributed to the building and construction sector’s explosive global growth. Prefabricated building systems …