According to a recent FMI report, the global electrical testing services market is estimated to hit US$ 13.4 billion by 2031. The increased incidence of workplace accidents, together with the implementation of workplace safety rules, is driving expansion in the electrical testing services market. FMI’s thorough study on the electrical testing services Industry reveals significant …
Category Archives: Industrial News
Revolutionizing Material Handling: The Pallet Truck Industry’s Shift Towards Sustainable and Eco-Friendly Solutions from 2022 to 2032
The publisher has been following the pallet trucks industry, which is predicted to increase by US$ 79.8 billion between 2022 and 2032, at a CAGR of 7.5%. The pallet trucks market research includes a thorough analysis, market size and forecast, trends, growth drivers and challenges, and vendor analysis. Industrial automation in emerging economies will generate …
Oil and Gas to Water and Wastewater: Examining the Industrial Valves Market from 2022 to 2029
In 2022, the worldwide industrial valves market is anticipated to be valued around US$ 71.8 billion. Overall demand for industrial valves for regulating material flow is predicted to expand at a moderate CAGR of 4.3% between 2022 and 2029, totaling US$ 96.2 Billion by 2029. Steel will remain the most preferred material for the production …
Hand Tools Market is anticipated to expand at a Strong CAGR of 5.9% during Forecast 2022 to 2032
Global sales of hand tools are predicted to expand at a 5.9% CAGR between 2022 and 2032. In 2022, the global hand tools market is predicted to expand 5.6% year on year, reaching a value of around US$ 15.06 billion by the end of the year. Extended tips for reaching difficult-to-reach locations or specifically engineered …
Building Momentum: Growth and Opportunities in the Power Tools Market from 2022 to 2032
This is expected to be the most important defining feature in the power tools industry. According to Future Market Insights (FMI), the global power tools market is anticipated to reach US$ 33.36 billion in 2021. Between 2022 and 2032, the global power tools market is estimated to develop at a 4.5% CAGR, reaching US$ 1,694.9 …
Forecasting Growth and Trends in the Poultry Keeping Machinery Industry from 2022 to 2028
The global poultry keeping machinery market is expected to be worth roughly US$ 5.09 billion in 2022, with a 3.2% year-on-year growth rate. By 2028, the market is expected to grow at a CAGR of 3.6% and be worth US$ 6.54 billion. The study primarily attributes the market for poultry keeping equipment’s optimistic future to …
Rising to New Heights: Forecasting the Growth of the Solar Microinverter Industry from 2022 to 2032
From 2022 to 2032, the global solar microinverter industry is estimated to generate an absolute dollar potential at a CAGR of 18.1%, reaching a valuation of US$ 5,716.0 Million. The integrated system category is estimated to account for around 8% of the worldwide solar microinverter market in 2022, based on system type. According to World …
Commercial Refrigeration Equipment Industry Forecast: Growth and Trends from 2022 to 2028
At a 4% CAGR, the global commercial refrigeration equipment industry is expected to be valued US$ 68.3 billion by 2028. (2022-2028). Over the forecast period, the market for commercial refrigeration equipment is expected to develop at a CAGR of 4%. The market for commercial refrigeration equipment is estimated to be valued US$ 51.8 billion by …
Cryogenic Systems Market Growth Strategies & Comprehensive Forecast 2022 to 2032
The global Cryogenic Systems market is estimated at US$ 12.9 billion in 2021 and is predicted to reach US$ 25.5 billion by 2032, growing at a 6.5% CAGR between 2022 and 2032. According to Future Market Insights, a market research and competitive intelligence source, global Cryogenic Systems consumption grew at a 5.1% CAGR between 2017 …
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Solar Inverter Market Key Players, SWOT Analysis, Key Indicators & Forecast 2022 to 2032
The global Solar Inverter Market is anticipated to be valued US$ 11 billion in 2022. Market sales are estimated to expand at a 6% CAGR over the forecast period. Increasing use of solar panels and renewable energy will drive market expansion. Solar inverters’ broad use in residential, commercial, industrial, and utility applications will continue to …