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 …
Category Archives: Industrial News
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 …
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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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 …
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 …
Tower Crane Rental Market is supposed to rise at a CAGR of 5.7% by the end of 2031
According to FMI’s comprehensive study, the global tower crane rental market is expected to exceed US$ 6.49 billion in 2021. Due to the inability of small and medium-sized businesses to afford cranes, the market is expected to grow at a CAGR of 5.7% between 2021 and 2031, compared to a 1.5% CAGR between 2016 and …
Palletizing Systems Market is anticipated to reach a High Valuation of US$ 3,412.6 Million by 2032
In 2022, the palletizing systems market is expected to be worth $2,134.1 million USD. With a 4.8% CAGR, the market is expected to be worth US$ 3,412.6 million by 2032. Palletizing systems are machines that aid in the automatic assembly of products on pallets. A palletizer is a machine that organises, aligns, and packs various …
North America Pressure Regulating Valves Market sales are expected to grow at a healthy CAGR of 5.1% by the end of 2032
According to Future Market Insights, the North America Pressure Regulating Valves Market will be worth US$ 782.9 million in 2022 and will grow at a 5.1% CAGR from 2022 to 2032. The region’s growing population and the rising needs of expanding residential construction are two of the primary factors that have seen growth during the …