New Product Development
In 2022, the market for dredging is projected to be worth US$15.6 billion. The dredging market’s demand is predicted to grow at a CAGR of 3.7 percent, reaching a value of US$ 22.3 Billion by 2032, according to the report. For various activities like coastal protection, trade activities, and mining projects, the government segment currently holds a more than 40% share of …
Continue reading “Dredging Market is to grow at 3.7% During the Forecast Period 2022 to 2032”
The lead acid battery market valuation is expected to reach US$ 54.3 Billion in 2022. Future Market Insights (FMI) analysis has forecast the lead acid battery sales to increase at 5.2% CAGR between 2022and 2032. According to the study, the overall lead acid battery market valuation will top US$ 90.5 Billion by 2032. As per FMI, the demand for AGM batteries is expected …
Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, at a CAGR of 4.6%, from an estimated USD 24.3 billion in 2021. Increasing investments in construction industry attributing to rapid urbanization, and high demand for centrifugal pumps in the agricultural sector are the key factors driving the growth of …
The global hand tools market to grow at a year-on-year growth of 5.6% in 2022 reaching a value of about US$ 15.06 Bn by 2022 end. Manufacturers have understood the importance of tool design manipulations, innovations and addition of new features from time to time. Today, the tools have to be robust, provide reliable performance and are designed in a way …
Continue reading “Hand Tools Market is to grow at 5.9% During the Forecast Period 2022 to 2032”
The Europe wood pellet heating systems market was valued at ~US$ 4.7 Billion in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019 to 2029. This growth is majorly driven by the increasing consumption of wood pellet heating systems in commercial, residential, as well as industrial sectors. The Europe …
According to FMI, in the Asia Pacific region, heat pumps will dominate the market for, followed by North America. By the end of 2030, it is anticipated that APAC and North America will hold a combined revenue share of 73.9 percent of the global market. According to Future Market Insights (FMI), by the end of 2022, the heat pump …
Continue reading “Heat Pumps Market is to grow at 4.3% During the Forecast Period 2021 to 2031”
The global slitting machine market was worth $498 million in 2022 and is expected to reach $682 million by 2032, growing at a CAGR of 3.2% during the forecast period. Slitting paper, plastic film, and metal foil is a common task for a slitting machine. Soft material can be slit using either circular or straight …
During the forecast period, the global spiral freezer market is expected to grow at a 4.6% CAGR, reaching a value of US$ 6,089.1 million by 2032. The market is currently valued at US$ 3,884.2 million in 2022. You can freeze food in batches or individually. The components of these systems must be extremely durable due …
In 2022, the market for sirens is expected to be worth US$ 170.1 million. By 2032, the market for sirens is expected to grow at a CAGR of 3.7%, reaching a value of US$ 244.0 million. The use of sirens is expected to increase, whether for announcements or on emergency vehicles such as ambulances, police …
Continue reading “Sirens Market is projected to secure a CAGR of 3.7% during Forecast 2022 to 2032”
According to Future Market Insights (FMI), the EMC shielding and test equipment market will be worth US$ 11 billion in 2032, up from US$ 7.1 billion in 2022. It is expected to grow at a healthy 4.5% CAGR over the forecast period. Because of the increased use of consumer communication devices, there has been an …