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 …
Category Archives: Industrial News
Chopper Pumps Market is Estimated to Register a Strong 5% CAGR during Forecast 2022 to 2030 | Future Market Insights, Inc.
In its most recent study on the 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 cost …
Commercial RAC PD Compressor Market size will reach US$ 6.4 Billion during Forecast 2022 to 2028 | Future Market Insights, Inc.
The commercial RAC PD compressor market is expected to reach US$ 5.1 billion in 2022, growing at a robust 4.0% CAGR between 2022 and 2028, according to a new market research report by Future Market Insights. The study looks into the commercial RAC PD compressor market and offers key insights from 2022 to 2029. Over …
Collaborative Robots Market Valued at US$ 2.2 Billion in 2023 and Expected to Reach US$ 20.5 Billion by 2033, Driven by Rising Demand for Automation and Flexibility in Manufacturing
By the end of 2023, the global Collaborative Robots Market is expected to exceed US$ 2.2 billion. The collaborative robots market is expected to exceed US$ 20.5 billion by 2033, expanding at a staggering CAGR of 25.1% between 2023 and 2033, according to Future Market Insights. (FMI). Demand for collaborative robots is increasing due to …
Global Noise Control System Market Expected to Grow at a CAGR of 3.7% by 2031, Driven by Increasing Adoption in Industrial and Commercial Sectors
Between 2021 and 2031, the global noise control system market is expected to grow at a 3.7% CAGR. According to Future Market Insights (FMI), the market will continue to grow steadily as a result of the increased emphasis on reducing noise pollution in various industries. Government-imposed strict regulations to reduce noise pollution, particularly in and …
Spray Dryer Market Expected to Reach US$ 7,643.3 Million by 2032, Driven by Growing Demand for Processed Food and Pharmaceutical Products
During the forecast period, spray dryer sales are expected to grow at a CAGR of 4.4% globally. The market is expected to generate US$ 4,984.6 million in revenue in 2022, rising to US$ 7,643.3 million by 2032. In spray dryers, the material to be dried is atomized into small particles and dried by bringing it …
Radial Drilling Machine Market: Rising Demand from Manufacturing and Construction Industries to Drive US$ 8.8 Billion by 2032 | Future Market Insights, Inc.
The global radial drilling machine market is expected to be worth US$ 8.8 billion by 2032, up from US$ 4.2 billion in 2022, with a 7.7% CAGR during the forecast period. Boring holes, reaming, countersinking, counterboring, tapping, and spot facing and tapping are in high demand due to the growing industrial sector and applications, which …
Rig and Oilfield Mats Market: Rising Demand from Offshore Oil and Gas Industry to Drive US$ 2.1 Billion by 2032 | Future Market Insights, Inc.
The global rig and oilfield mats market is expected to be worth US$ 2.1 billion by 2032, with sales increasing at a healthy 7.3% CAGR from 2022 to 2032. The target market is expected to be worth US$ 1.04 billion in 2022, up from US$ 1 billion in 2021. Crude oil price increases and increased …
VRF Systems Market: Growing Adoption of Green Building Practices to Drive US$ 29,884 Million by 2032 | Future Market Insights, Inc.
The global VRF systems market is expected to be worth US$ 16,610 Million in 2022, with demand growing at a 6% CAGR between 2022 and 2032. By 2032, the market is expected to grow significantly to US$ 29,884 Million. Variable Refrigerant Flow (VRF) Systems are an established heating, ventilation, and air conditioning (HVAC) technology that …
Electric Sub-meter Market is expected to reach a Strong valuation of US$ 12.8 Billion during Forecast 2022 to 2030 | Future Market Insights, Inc.
Global electric sub-meter sales were estimated to be worth US$ 9.74 billion by the end of 2021. By 2030, the market is expected to grow at a 3% CAGR and be worth US$ 12.8 billion. The electric sub-meter market is expanding as a result of rising demand for energy-efficient solutions and the desire to reduce …