The global automatic ducting machines market is expected to grow at a CAGR of 4.1% from US$ 1,554.2 million in 2022 to US$ 2,322.9 million in 2032. The demand for automatic ducting machines is growing, thanks in part to the chemical processing and utilities/power industries. Over the period from 2016 to 2021, the market for …
Category Archives: Industrial News
Non-destructive Testing (NDT) Inspection Services Market is Projected to Exhibit a Strong 6% CAGR by 2030: Examination of Growth Factors, Challenges, and Emerging Trends
According to Future Market Insights, the global non-destructive testing (NDT) inspection services market will be worth US$ 28 billion by 2030. The market is soaring as governments around the world increase their infrastructure investments. As cities grow in size, so does the demand for houses, trains, highways, and airports. Because of their widespread use, these …
Compressed Air Filtration and Dryer System Market is Expected to Reach US$ 9.8 Billion from 2022 to 2032, Says FMI
Throughout the projected period, the compressed air filtration and dryer system market is expected to develop at a moderate CAGR of 6%. The compressed air filtration and drying system market is expected to grow from US$ 5 billion in 2021 to almost US$ 9.8 billion by 2032. Compressed air filters are increasingly being used to boost productivity, and …
Construction Anchors Market will reach US$ 19.5 Bn by 2032
The Construction Anchors Market is expected to grow at a 6.0% CAGR from 2022 to 2032, reaching a valuation of US$ 19.5 billion by the end of 2032. Construction anchors are becoming more popular as engineers seek lightweight, corrosion-resistant methods of supporting engineered slopes and retaining walls. Anchors are also beneficial to audience seating at …
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Industrial Valves Market Poised for Robust Growth with Impressive 4.2% CAGR by 2029: Assessment of Key Drivers, Restraints and Future Outlook
The global industrial valves market is expected to be worth approximately US$ 71.8 billion in 2022. Overall demand for industrial valves for controlling material flow is expected to grow at a moderate 4.3% CAGR between 2022 and 2029, reaching US$ 96.2 billion by 2029. Steel will continue to be the most popular material for the …
Thermal Cleaning System Market to Reach US$ 282.5 Million by the end of 2032: Analysis of Growth Opportunities and Trends
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 …
Global Crane Market to Expand at a Steady 3.8% CAGR by 2027: Analysis of Key Trends, Drivers & Challenges
The global crane market is expected to reach US$ 43.9 billion in 2022. The market is expected to reach US$ 57.1 billion by 2029, growing at a steady 3.8% CAGR. In the current market scenario, the growing number of construction projects in South East Asian and Latin American countries, as well as long-term supply agreements …
Screw Air End Market is expected to increase at a 4.5% CAGR during the year 2022 to 2032
The global Screw Air End Market is expected to be worth US$ 4 billion by 2022. The market is expected to reach US$ 6.2 billion by 2032, growing at a 4.5% CAGR. According to Future Market Insights, increasing use of screw air compressors will significantly boost sales in the oil and gas, energy and gearbox, …
Laser Welding Market is supposed to rise at a CAGR of 6.9% during Forecast 2022 to 2032, Get Insights FMI
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 …
Global Chopper Pumps Market Poised for Robust Growth with Impressive 5% CAGR from 2022 to 2030 | Get Customized Reports
In its most recent study on the global 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 …