The global military parachute market is currently worth US$ 1.35 billion and is expected to be worth US$ 2.3 billion by 2032, growing at a 5.5% CAGR between 2022 and 2032. With increased applications of parachutes in various military activities, as well as developments in parachute technology, the military parachute market is expected to rise …
Category Archives: Industrial News
Increasing Demand for Efficient and Low-Maintenance Pumping Solutions Propels Diaphragm Pumps Market Growth from 2022 to 2032
The global diaphragm pump market is anticipated to be worth US$ 4,870.0 million in 2022, increasing at a 6.2% CAGR to US$ 8,867.0 million by 2032. The expansion is related to the increased creation of various compact diaphragm pumps with very basic designs. Between 2016 and 2021, the diaphragm pump market increased at a 5.5% …
Rising Industrialization and Infrastructural Development Propel Middle East Conveyor Belts Market Growth from 2022 to 2032
The Middle East conveyor belts market Size is estimated to develop at a CAGR of 4.6% during the forecast period. The market is estimated to be worth US$ 325.45 billion by 2032, up from US$ 207.57 billion in 2022. The Middle East conveyor belts market is expected to be valued US$ 199.40 billion in 2021. …
Advancements in Digital Technologies and Increasing Demand for Operational Efficiency Drive Oil & Gas Terminal Automation Market Growth from 2022 to 2032
The global oil and gas terminal automation market was valued at US$ 1258.0 million in 2021 and is expected to reach US$ 1303.1 million in 2022. As a result of the oil and gas industry’s rapid expansion, worldwide demand for oil and gas terminal automation is expected to grow at a 7.8% CAGR between 2022 …
Growing Demand for Grid Stability Drives Synchronous Condenser Market Growth from 2022 to 2029
The global synchronous condenser market is expected to reach roughly US$ 1.01 billion in 2022, with a year-on-year growth rate of 7.9%. However, with the increasing usage of the synchronous condenser across a wide range of end-use sectors, the entire market is expected to increase at an 8.2% CAGR between 2022 and 2029, totaling US$ …
Accelerating Focus on Environmental Safety Propels Growth of Testing, Inspection, and Certification Market from 2022 to 2032
Furthermore, as environmental concerns grow around the world, the entire demand for environmental testing, inspection, and certification is expected to rise at a 6.4% CAGR between 2022 and 2032, totalling roughly US$ 33,237.9 Million by 2032. The global environment testing, inspection, and certification market was worth US$ 15,648.6 million in 2021 and is expected to …
Surging Demand for Efficient Power Distribution Drives Transformer Monitoring System Market Growth from 2022 to 2032
In 2022, the global transformer monitoring system market is expected to be worth US$2,785.2 million. It is expected to increase at an 8.9% CAGR from 2022 to 2032, reaching a value of US$ 6,539.2 Million by the end of 2032. The transformer monitoring system is a process-oriented system that detects quantities such as voltage and …
Explosive Growth Expected in the Industrial PC Market from 2022 to 2032
The Industrial PC Market is expected to grow at a 6% CAGR from US$ 5 billion in 2021 to US$ 9.4 billion in 2032. As more emphasis is placed on automation and IoT, IPCs are primarily used in electronics and semiconductors, aerospace and military, and automotive manufacturing. The Industrial Internet of Things (IIoT) is being …
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Growing Awareness of Benefits of Water Softening Spurs Market Expansion in Water Softening Systems Industry Through 2031
According to a recent market survey conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global water softening systems industry is expected to grow at a robust 6.5% CAGR between 2021 and 2031, surpassing a market valuation of US$ 10.82 Billion in 2021. Future Market Insights anticipates a comparison and review analysis of the …
Bandsaw Machines Market is projected to have a robust CAGR of 3.9% by the end of 2029
According to a recent research study published by Future Market Insights, global bandsaw machine sales are expected to total 200 thousand units in 2022, representing a 3.9% year over year increase (FMI). Because of a growing emphasis on effective cutting technologies that promise high functionality for a wide range of applications, the bandsaw machines market …