New Product Development
During the forecast period, spray dryer sales are expected to grow at a CAGR of 4.4% globally. The market is expected to generate US$ 4,984.6 million in revenue in 2022, rising to US$ 7,643.3 million by 2032. In spray dryers, the material to be dried is atomized into small particles and dried by bringing it …
Continue reading “Spray Dryer Market Analysis and Growth Forecast 2022 to 2032”
The global high voltage switchboard market is expected to be worth US$ 2.9 billion in 2022. From 2022 to 2032, consumption is expected to grow at a 5.2% CAGR, reaching a valuation of US$ 4.8 billion. Increasing energy demands, as well as increased demand for mining, power generation, and maritime applications, will drive market growth. …
Continue reading “High Voltage Switchboard Market: Trends and Growth Opportunities 2022 to 2032”
The global optoelectronic transducers market is expected to be worth US$ 3645.8 million by 2032, up from US$ 2403.5 million in 2022, at a CAGR of 4.3% over the forecast period. Optoelectronics is a fundamental technology that includes electronic devices that emit, modulate, and transmit light signals. Optoelectronic transducers detect light waves and convert them into …
Continue reading “Optoelectronic Transducers Market: Global Analysis and Forecast 2022 to 2032”
Typically, ductless heating and cooling systems are two-way heat pumps that transfer heat between indoor and outdoor air. A refrigerant is used to inflate or contract this air. The ductless systems use a refrigerant vapour compression cycle, which is similar to a standard refrigerator cycle. They use a refrigerant (cooling) cycle to gather heat from …
Demand for machine control systems was valued at US$ 4 billion in 2021, and it is expected to grow at an annual rate of 8% throughout the forecast period. According to machine control system market research, the increased demand for precision in heavy machinery control and navigation is expected to drive global growth. Machine control …
According to the power device analyzer market study by Future Market Insights, the industry is expected to grow at a moderate pace with a CAGR of 5% from 2022 to 2032. (FMI). Asia-Pacific is likely to dominate the industry in the next years, thanks to rising demand for electric vehicles (E.V.s) and tougher government restrictions. …
Throughout the forecast period, the worldwide gas insulated substation market is expected to grow at a rapid 5.4% CAGR. The market for gas-insulated substations is currently valued at US$ 14.6 billion in 2023. The market for gas-insulated substations is expected to reach a high valuation of US$ 24.6 billion by 2033. Switchgear technological developments and …
The China Industrial hoses market is expected to rise by 5.7 percent year on year in 2021, defying early concerns about how the business would fare during a worldwide pandemic. The entire demand for industrial hoses in China is estimated to reach US$ 548 million metres by 2031. According to Future Market Insights (FMI), the China …
The global market for glass reactor is anticipated to grow at a CAGR of 5.6% over the forecast period 2021-2031, registering sales of 400 thousand units. Despite the challenges posed by COVID-19 outbreak, the market registered 4.6% year-on-year growth in 2021. Expansion of chemical and industrial sectors is propelling demand for glass reactors. Sales of glass reactors will …
Continue reading “Glass Reactors Market Outlook, Growth Opportunity & Demand Analysis by 2031”
The reverse osmosis pump market is expected to exceed US$ 6.1 billion in 2021, owing to rising applications in the oil and gas and water treatment industries, according to FMI. Between 2021 and 2031, demand for reverse osmosis pumps is predicted to grow at an 8.9% CAGR. From 2020 and 2021, the market surged by …