Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, at a CAGR of 4.6%, from an estimated USD 24.3 billion in 2021. Increasing investments in construction industry attributing to rapid urbanization, and high demand for centrifugal pumps in the agricultural sector are the key factors driving the growth of …
Category Archives: Industrial News
Hand Tools Market is to grow at 5.9% During the Forecast Period 2022 to 2032
The global hand tools market to grow at a year-on-year growth of 5.6% in 2022 reaching a value of about US$ 15.06 Bn by 2022 end. Manufacturers have understood the importance of tool design manipulations, innovations and addition of new features from time to time. Today, the tools have to be robust, provide reliable performance and are designed in a way …
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Europe Wood Pellet Heating Systems Market is to grow at 3.6% During the Forecast Period 2022 to 2029
The Europe wood pellet heating systems market was valued at ~US$ 4.7 Billion in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019 to 2029. This growth is majorly driven by the increasing consumption of wood pellet heating systems in commercial, residential, as well as industrial sectors. The Europe …
Heat Pumps Market is to grow at 4.3% During the Forecast Period 2021 to 2031
According to FMI, in the Asia Pacific region, heat pumps will dominate the market for, followed by North America. By the end of 2030, it is anticipated that APAC and North America will hold a combined revenue share of 73.9 percent of the global market. According to Future Market Insights (FMI), by the end of 2022, the heat pump …
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Slitting Machine Market is expected to accumulate a value of US$ 682 Million during Forecast 2022 to 2032
The global slitting machine market was worth $498 million in 2022 and is expected to reach $682 million by 2032, growing at a CAGR of 3.2% during the forecast period. Slitting paper, plastic film, and metal foil is a common task for a slitting machine. Soft material can be slit using either circular or straight …
Spiral Freezer Market to Display Impressive Growth of 4.6% CAGR during Forecast 2022 to 2032
During the forecast period, the global spiral freezer market is expected to grow at a 4.6% CAGR, reaching a value of US$ 6,089.1 million by 2032. The market is currently valued at US$ 3,884.2 million in 2022. You can freeze food in batches or individually. The components of these systems must be extremely durable due …
Sirens Market is projected to secure a CAGR of 3.7% during Forecast 2022 to 2032
In 2022, the market for sirens is expected to be worth US$ 170.1 million. By 2032, the market for sirens is expected to grow at a CAGR of 3.7%, reaching a value of US$ 244.0 million. The use of sirens is expected to increase, whether for announcements or on emergency vehicles such as ambulances, police …
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EMC Shielding and Test Equipment Market is estimated to reach a value of US$ 11 Billion during Forecast 2022 to 2032
According to Future Market Insights (FMI), the EMC shielding and test equipment market will be worth US$ 11 billion in 2032, up from US$ 7.1 billion in 2022. It is expected to grow at a healthy 4.5% CAGR over the forecast period. Because of the increased use of consumer communication devices, there has been an …
Rapid Growth and Potential of Micro Irrigation Systems Market by 2031
The report provides in-depth analysis of more than 20 high-growth regional markets, as well as comprehensive information on the prospects of micro irrigation systems over the next decade. According to Future Market Insights (FMI), an ESOMAR-certified research and consulting firm, the global micro irrigation systems market is expected to grow at an exponential rate of …
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Surging Demand for Energy-efficient HVAC Systems to Drive the Desiccant Wheel Market Growth from 2022 to 2032
The global desiccant wheel market is expected to grow at a 5.1% CAGR from 2022 to 2032, rising from an initial valuation of US$ 431.5 Million in 2022 to US$ 708.4 Million in 2032. Desiccant dehumidifiers have proven to be significantly more effective and faster than compressor-based dehumidifiers, increasing the market share of desiccant wheels. …