Between 2022 and 2028, the global robotic gripper market is expected to grow at a CAGR of 9.8%, reaching $1.6 billion in 2022. Increases in the automotive, electronic, and semiconductor industries, as well as the introduction of a specific gripper portfolio and an increase in robotic automation in specific regions such as East Asia, have all contributed …
Category Archives: Industrial News
Pallet Pooling Market is to grow at 6.1% During the Forecast Period 2022 to 2032
Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the …
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India Power Tool Market is to grow at 8.9% During the Forecast Period 2022 to 2032
The global Indian power tool market is anticipated to exhibit a lucrative growth opportunity over the projection period from 2022 to 2032 by registering a CAGR of 8.9%. The global market is expected to be valued at USD 5672.60 Mn by 2022 and is predicted to surpass a valuation of US$ 13306.41 Mn by 2032. Power equipment …
Dredging Market is to grow at 3.7% During the Forecast Period 2022 to 2032
In 2022, the market for dredging is projected to be worth US$15.6 billion. The dredging market’s demand is predicted to grow at a CAGR of 3.7 percent, reaching a value of US$ 22.3 Billion by 2032, according to the report. For various activities like coastal protection, trade activities, and mining projects, the government segment currently holds a more than 40% share of …
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Lead Acid Battery Market is to grow at 5.2% During the Forecast Period 2022 to 2032
The lead acid battery market valuation is expected to reach US$ 54.3 Billion in 2022. Future Market Insights (FMI) analysis has forecast the lead acid battery sales to increase at 5.2% CAGR between 2022and 2032. According to the study, the overall lead acid battery market valuation will top US$ 90.5 Billion by 2032. As per FMI, the demand for AGM batteries is expected …
Centrifugal Pumps Market is to grow at 4.6% During the Forecast Period 2021 to 2031
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 …
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 …