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. …
Category Archives: Industrial News
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 …
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 …
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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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 …
Surge Arrester Market is Expected to Reach a High Valuation of US$ 2.6 Billion by the end of 2032
The global surge arrester market is expected to reach US$ 1.5 billion in 2021, representing a 4.1% year-on-year increase. Surge arrester sales are expected to grow at a 5.0% compound annual growth rate and reach US$ 2.6 billion by 2032. Rising global energy demand, rapid industrialization, and improved urban infrastructure are all factors driving growth. …
Europe Multi Attachment Loaders Market is projected to have a robust CAGR of 2.8% by the end of 2031
By the end of 2021, the Europe Multi Attachment Loaders Market is expected to grow 2.4% year on year (YoY) to US$ 833.3 Million. The European market for multi-attachment loaders is expected to grow at a CAGR of 2.8% between 2021 and 2031. Multi-attachment loaders accounted for nearly 36% of compact loaders in 2020, and …