The global asphalt mixing plants market is anticipated to garner US$ 8.5 Billion while expanding at a CAGR of 2.4% during the forecast period. The market is estimated at US$ 6.5 Billion in 2021 and US$ 6.66 Billion in 2022. The increasing road construction activities coupled with growing infrastructural development in countries are likely to …
Category Archives: Industrial News
Mechanical Seals Market: Growing Need for Leakage Prevention Boosts Demand from 2022 to 2032
The global mechanical seals market is expected to augment at a stable CAGR of around 4.1% from 2022 to 2032. The global market is expected to be valued at US$ 3,267.1 Million in 2022 and exceed a valuation of about US$ 4,876.5 Million by 2032. According to the historical analysis done by Future Market Insights, the global mechanical seals market registered …
Rescue Hoist System Market: Increasing Demand for Airborne Rescue Operations Drives Growth from 2022 to 2032
According to the latest insights by Future Market Insights (FMI), the global rescue hoist systems market is set to be valued at over US$ 569.8 Million in 2022. The market is anticipated to expand at over 3.7% CAGR between the assessment period of 2022 to 2032. It is likely to reach US$ 822.3 Million by …
Lightning Arrester Market: Worldwide Analysis & New Business Opportunities Explored 2022 to 2032
According to Future Market Insights (FMI), the lightning arrester market is expected to grow at a CAGR of 6.5% from 2022 to 2032, reaching a valuation of US$ 1,466.7 Million by the end of 2032. Increasing emphasis on electrical equipment safety in the home, as well as other applications such as infrastructure, power plants, and …
Industrial Air Filtration Market: Notable Developments & Geographical Outlook 2022 to 2032
According to a new FMI analysis, the industrial air filtration market share is expected to grow at a steady CAGR of 6.2% by 2032, reaching US$ 45.2 Billion in 2027 from US$ 6 Billion in 2021. The growing demand for energy-efficient filtering technology has an impact on the industrial air filtration market’s adoption. To improve …
Industrial Safety Footwear Market Report | Size, Growth, Demand, Scope, Opportunities & Forecast 2023 to 2033
The industrial safety footwear market is expected to grow at a 7.4% CAGR between 2023 and 2033. The market is expected to reach a value of US$ 23.6 billion by 2033, up from US$ 11.6 billion in 2023. Rising awareness around workers’ safety, advanced protective gear, and increased construction and industrial operation fuels the sales …
Turbidimeter Market: Growing Demand for Water Quality Monitoring to Boost Market Value to US$ 952.1 Million by 2029
According to Future Market Insights (FMI), the Global Turbidimeter Market will grow by 5.6% year on year in 2022, reaching a value of approximately US$ 641.8 Million by the end of 2022. The global business is expected to grow at a significant value CAGR of 4.0% between 2022 and 2029. The covid-19 outbreak is expected …
Conveyor System Market: Strong Growth Projected, with a CAGR of 4.5% by 2031
The conveyor system market saw steady growth in 2021 with worldwide revenues up 3.5% year over year. Future Market Insights (FMI) has forecasted the conveyor system market to reach US$13.7 billion in 2021 at a CAGR of 4.5%, backed by increasing mergers & acquisitions by Tier-1 companies and integration of machine learning and internet of things in …
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Increasing Water Scarcity and Environmental Concerns Drive Growth in the Water Treatment System Market from 2022 to 2030
The global demand for water treatment system market was valued at US$ 66,094 Million in 2022 and is expected to grow at a CAGR of 6.8% to US$ 111,922 Million by the end of their forecast period. It has become increasingly important to yield more with fewer resources. As the water treatment system market continues to encounter …
Exploring the Wide Range of Applications Driving the Image-Based Barcode Reader Market by 2030
According to Future Market Insight’s recently published report, the image-based barcode reader market is expected to grow rapidly between 2020 and 2030. Rapid adoption of Industry 4.0 has resulted in the deployment of advanced technologies such as robotics, artificial intelligence, and cloud-based computing throughout the manufacturing sector. This has enabled businesses to streamline asset tracking …