According to a recent research by Future Market Insights (FMI), the elevator and escalator market is focused on cutting-edge technologies to make its products safer and more environmentally friendly. The market is expected to grow at a 5.3% CAGR and reach a value of US$ 232,656.1 Million by 2032. Some of the most prominent corporations …
Category Archives: Industrial News
Non-destructive Testing (NDT) Inspection Services Market Outlook, New Business Opportunity & Demand Analysis by 2030
The global non-destructive testing (NDT) inspection services market will be worth US$ 28 billion by 2030, according to Future Market Insights. The market is soaring as governments throughout the world increase their investments in infrastructure. As urbanisation accelerates, so does the demand for houses, trains, roadways, and airports. Because of their extensive use, these infrastructures …
Compressed Air Filtration and Dryer System Market | Present Scenario & Growth Prospects 2022 to 2032
Throughout the projected period, the compressed air filtration and dryer system market is expected to develop at a moderate CAGR of 6%. The compressed air filtration and drying system market is expected to grow from $5 billion in 2021 to almost $9.8 billion by 2032. Compressed air filters are increasingly being used to boost productivity, and …
Ultra Short Base Line Positioning System Market : Worldwide Analysis & New Business Opportunities Explored by 2031
According to a recent market analysis conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ultra-short base line positioning system market is expected to reach US$ 127.7 Million by 2021. Expansion of commercial trade via maritime operations, as well as increased interest in recreational travel, are key trends driving sales of ultra-short base …
Industrial Valves Market Comprehensive Shares, Historical Trends & Forecast 2022 to 2029
The global industrial valves market is expected to be worth approximately $71.8 billion in 2022. With the increasing adoption of industrial valves for regulating material flow, overall demand is expected to rise at a moderate CAGR of 4.3% between 2022 and 2029, totaling US$ 96.2 Bn by 2029. Steel will continue to be the most …
Commercial Booster Pumps Market: Notable Developments & Geographical Outlook 2023 to 2030
The global commercial booster pump market is currently worth $5.41 billion, and it is expected to be worth $10.06 billion by the end of 2030. Global shipments of commercial booster pumps are expected to grow at an 8.1% CAGR between 2022 and 2030. The market will be worth $4.7 billion in 2020, according to the …
Agricultural Equipment Market Key Players, SWOT Analysis, Key Indicators & Forecast 2022 to 2032
In 2022, the global agricultural equipment market is expected to be worth $68.12 billion. With increasing farm mechanisation and OEM investments in agricultural equipment, the overall demand for agricultural equipment is expected to grow at a CAGR of 4.8% between 2022 and 2032, totaling around US$ 108.86 billion by 2032. Agriculture tool demand is increasing …
Global Crane Market is estimated to reach a net worth of US$ 57.1 Billion by the end of 2029
The global crane market is expected to reach $43.9 billion in 2022. The market is expected to reach US$ 57.1 billion by 2029, growing at a steady 3.8% CAGR. In the current market scenario, the growing number of construction projects in South East Asian and Latin American countries, as well as long-term supply agreements with …
Robotic Lawn Mower Market is anticipated to reach a High Valuation of US$ 2,721.23 Million with a CAGR of 11.5% by 2032
According to a new FMI market report, the robotic lawn mower market will develop at a rapid 11.5% CAGR and reach a worth of US$ 2 billion by the end of the forecast year 2021-2031. Robotic lawn mowers have grown significantly more efficient as a result of technology breakthroughs and the rising penetration of artificial …
Woodworking CNC Tools Market is poised to grow at a healthy CAGR of 4.8% during Forecast 2022 to 2028
According to FMI, the router bits segment will account for more than 40% of total market volume during the forecast period (2022-2028), and the global woodworking CNC tools market value will exceed US$ 2.60 billion by the end of 2028. Through 2028, MDF is expected to account for one-third of total woodworking CNC tool sales. …