The image-based barcode reader market forecasts a Compound Annual Growth Rate (CAGR) of 7% until 2032. This growth trajectory is propelled by the widespread integration of highly advanced smartphones across society, ushering in a new era of application-driven retail solutions. QR codes and barcodes, once primarily used for inventory management, are now becoming invaluable assets for captivating …
Category Archives: Industrial News
Expansion Valves Market Shows a Positive Growth Outlook through 2034, Surpassing USD 17.3 Billion, Surging at 4.2% CAGR
The expansion valves market is projected to total USD 17.3 Billion in 2033 from USD 11.5 Billion in 2024 at a CAGR of 4.2%. Expansion Valves are widely used in refrigeration and air conditioning systems to modulate the flow of refrigerants. This facilitates precise control of superheating and promotes compressor efficiency. This aids in compressor safety and prolongs service life by …
FMI Forecast States Global Power Tool Gear Market Size to Surpass USD 8.38 Billion Mark by 2030, Growing Steadily at 5.1% CAGR
The global power tool gears market is poised for substantial growth, with a projected valuation exceeding USD 8.38 billion by 2030. This expansion is forecasted to occur at a robust Compound Annual Growth Rate (CAGR) of 5.1% over the coming years. The in-depth study by FMI provides comprehensive insights into the dynamics driving this market surge, accompanied …
FMI Analysis Affirms Global Robotic Lawn Mower Market Size to Cross USD 3,462.23 Million by 2034, Driven by 12.5% CAGR Growth
The global robotic lawn mower market is poised for remarkable growth, forecasted to surpass a valuation of USD 3,462.23 million by 2034, exhibiting a robust Compound Annual Growth Rate (CAGR) of 12.5% from its 2024 figure of USD 1,066.19 million. This acceleration is fueled by the increasing integration of robots, propelled by advancements in Artificial Intelligence (AI) …
FMI Study States Global Condition Monitoring System Market Size to Expand at a 7.7% CAGR and Reach a Value of USD 7,928.7 Million by 2033
The condition monitoring system market is predicted to be worth USD 3,776.1 million in 2023, and rise to USD 7,928.7 million by 2033. Initially, the global market was expanding at a CAGR of 4.1% during 2018 to 2022. Smart factories have increased in popularity, leading to a rise in automation, which has consequently projected growth in condition …
FMI Forecast Projects Global Sea Water Pumps Market Share Anticipated to Exceed USD 1.6 Billion Mark by 2028, Driven by 4.3% CAGR Growth
The global sea water pump market is projected to reach USD 1.6 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 4.3% from 2022. This growth is fueled by the increasing demand for water treatment solutions and the continued dominance of centrifugal pumps within the market. In 2022, the sea water pump market surpassed a …
FMI Study Indicates Global Woodworking Router Bits Market Size Set to Hit USD 288.2 Million by 2033, Driving a Steady Growth of 5.7% CAGR
The global woodworking router bits market is poised for remarkable growth, targeting a projected valuation of USD 166.0 million in 2023. Looking forward to 2033, fueled by a robust Compound Annual Growth Rate (CAGR) of 5.7%, the market anticipates a substantial surge, aiming for an approximate market size of USD 288.2 million. A pivotal driver propelling this …
FMI Study States Global Electric Sub-Meter Market Forecasted to be Valued at USD 29,911.6 Million by 2034, Growing Steadily at 6.7% CAGR
The electric sub-meter market has achieved a commendable valuation of USD 15,730.9 million as of 2024, with forecasts indicating a robust trajectory towards an impressive USD 29,911.6 million by 2034. This substantial growth underscores the pivotal role electric sub-meters are set to play in reshaping the contemporary energy landscape. From 2019 to 2023, there has been a …
FMI Study Indicates Global Woodworking Circular Saw Blades Market Revenue to Surpass USD 68.3 Million by 2029, Driven by 4.4% CAGR
The global woodworking circular saw blades market is on track for significant expansion, with a projected Compound Annual Growth Rate (CAGR) of 4.4% from 2022 to 2029. Starting at a valuation of USD 50.4 million in 2022, the market is steadily progressing towards achieving a substantial worth of USD 68.3 million by 2029. The surge in global …
FMI Analysis States Global Emulsion Explosive Market Size to Exceed USD 4,587.91 Million Milestone by 2033, Driven by 5.2% CAGR Growth
A recent study by FMI has forecasted a remarkable trajectory for the global emulsion explosive market, projecting a robust Compound Annual Growth Rate (CAGR) of 5.2%. By 2033, the market is anticipated to exceed a valuation of USD 4,587.91 million, building upon its already substantial worth of USD 2,763.49 million as of 2023. Emulsion explosives (EE), …