The market for testing, inspection, and certification is expected to expand at a 1.8% CAGR through 2032, reaching USD 256.9 billion in 2032, up from USD 215 billion in 2022. The testing, inspection, and certification sector contributes significantly to the global economy by assisting in the improvement of product quality used by a diverse range …
Category Archives: Industrial News
Agricultural Equipment Market is to grow at 4.8% During the Forecast Period 2022 to 2032
The global agricultural equipment market is expected to be valued at US$ 68.12 Billion in 2022. With the increasing growth of the farm mechanization, coupled with the increase in investments by OEMs for Agricultural Equipment, the overall demand for agricultural equipment is projected to grow at a CAGR of 4.8% between 2022 and 2032, totaling around US$ …
Fire Extinguisher Market is to grow at 5.7% During the Forecast Period 2021 to 2031
As per a Future Market Insights (FMI) analysis, the fire extinguisher market is projected to be appreciated at over ~US$ 3.6 Billion in 2021, growing at a CAGR of ~5.7% over the prediction period of 2021 to 2031. Demand for fire extinguishers is expected to rise over the projected period as more industrial and commercial applications as well as the implementation …
Conveyor System Market is to grow at 4.5% During the Forecast Period 2021 to 2031
The conveyor system market grew steadily in 2021, with global revenues increasing 3.5% year on year. The conveyor system market is expected to reach US$13.7 billion in 2021, at a CAGR of 4.5%, due to increased mergers and acquisitions by Tier-1 companies and the integration of machine learning and the internet of things in material handling solutions, …
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Dewatering Pump Market is to grow at 5.2% During the Forecast Period 2023 to 2033
The global dewatering pump market is expected to bode well over the assessment period from 2023 to 2033 by registering an impressive CAGR of 5.2%. The market is anticipated to attain a valuation of US$ 12,213.6 million by 2033 and reach US$ 7,356.8 million in 2023. Future Market Insights’ historical data shows that between 2018 …
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Refrigeration and Air Conditioning Compressors Market is to grow at 2.7% During the Forecast Period 2022 to 2029
The global market for refrigeration and air conditioning compressors is anticipated to surpass US$ 34.2 Bn in 2022, growing 2.6% year over year (YoY). Sales of refrigeration and air conditioning compressors will grow at a CAGR of 2.7%, reaching a valuation of US$ 41.2 Bn by 2029, as they are increasingly being used in a variety of …
Robotic Lawn Mower Market is to grow at 11.5% During the Forecast Period 2022 to 2032
The robotic lawn mower market is anticipated to grow at a rapid CAGR of 11.5% and reach a value of US$ 2 Billion by the end of the forecast period, according to a recent market report by FMI (2021 to 2031). Increased sales of robotic lawn mowers have been made possible by technological developments and …
Robotic Grippers Market is to grow at 9.8% During the Forecast Period 2022 to 2028
Between 2022 and 2028, the global robotic gripper market is expected to grow at a CAGR of 9.8%, reaching $1.6 billion in 2022. Increases in the automotive, electronic, and semiconductor industries, as well as the introduction of a specific gripper portfolio and an increase in robotic automation in specific regions such as East Asia, have all contributed …
Pallet Pooling Market is to grow at 6.1% During the Forecast Period 2022 to 2032
Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the …
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India Power Tool Market is to grow at 8.9% During the Forecast Period 2022 to 2032
The global Indian power tool market is anticipated to exhibit a lucrative growth opportunity over the projection period from 2022 to 2032 by registering a CAGR of 8.9%. The global market is expected to be valued at USD 5672.60 Mn by 2022 and is predicted to surpass a valuation of US$ 13306.41 Mn by 2032. Power equipment …