Bulk material handling system sales are expected to increase from 13,000 units in 2021 to more than 14,000 units by the end of 2031. According to Future Market Insights, the bulk material handling system market revenue is expected to reach $5.1 billion by 2021. (FMI). The market will grow by 2.10 percent per year in …
Category Archives: Industrial News
Rising Adoption of Smart Grids and Renewable Energy Sources to Drive Transformer Monitoring System Market from 2022 to 2032
In 2022, the global transformer monitoring system market is expected to be valued at $2,785.2 million. From 2022 to 2032, it is expected to grow at an 8.9% CAGR, reaching a valuation of US$ 6,539.2 Million by the end of 2032. The transformer monitoring system is a process-oriented system that measures quantities such as voltage …
Digital Transformation of Oil & Gas Industry to Propel Oil & Gas Terminal Automation Market from 2022 to 2032
The global oil and gas terminal automation market is expected to be worth US$ 1303.1 million in 2022, up from US$ 1258.0 million in 2021. Overall demand for oil and gas terminal automation is expected to grow at a 7.8% CAGR between 2022 and 2032, reaching a value of approximately US$ 2761.6 Million by 2032 …
Explosive Growth of Green Hydrogen Economy to Fuel Water Electrolysis Machine Market from 2022 to 2030
The market for water electrolysis machines is expected to grow at a 7.7% CAGR between 2022 and 2030. The coronavirus pandemic has had only a minor impact on the global market for water electrolysis machines. Innovations in crude oil processing applications will help the market grow. Despite steady growth in the market, high capital costs …
Growing Adoption of Automation and Industrialization to Drive Growth in the Global Industrial Nailers Market from 2022 to 2030: Analysis of Key Trends, Drivers & Growth Opportunities
The global industrial nailers market is valued at around US$ 629.6 Million in 2022, having registered Y-o-Y growth of 7.5%. The market is expected to grow at a 7.9% CAGR and reach a value of US$ 1.15 billion by the end of 2030. The automotive and construction industries, both of which rely heavily on industrial nailers, bear the …
Booming Demand for Construction and Infrastructure Projects to Drive Growth in the Global Crane Market from 2022 to 2029: Analysis of Key Trends & Growth Opportunities
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 …
Rising Need for Water Management Solutions to Propel Growth of the Global Commercial Booster Pumps Market from 2022 to 2030: Analysis of Key Trends, Drivers & Growth Opportunities
The global commercial booster pump market is currently valued at $5.41 billion, with a projected value of $10.06 billion by the end of 2030. From 2022 to 2030, global shipments of commercial booster pumps are expected to grow at an 8.1% CAGR. According to the report, the market will be worth $4.7 billion in 2020. …
Global Micro Irrigation Systems Market Projected to Experience Significant Growth by 2031: Analysis of Key Trends, Drivers & Opportunities
The report provides in-depth analysis of more than 20 high-growth regional markets, as well as comprehensive information on the prospects of micro irrigation systems over the next decade. According to Future Market Insights (FMI), an ESOMAR-certified research and consulting firm, the global micro irrigation systems market is expected to grow at an exponential rate of …
Power Tool Gears Market is poised to grow at a healthy 5.1% CAGR during Forecast 2022 to 2030
According to FMI’s analysis report, the global power tool gears market was valued at US$ 5.63 billion in 2021, and is expected to grow at a CAGR of 5.1% between 2022 and 2030, with a significant impact felt in the initial period of forecast due to the current shutdown of manufacturing industries in emerging markets. …
Global Crane Market Size 2022: Industry Analysis, Growth Strategy, Demand & Growth Opportunity by 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 …