The global industrial counter market is forecasted to reach an impressive valuation of USD 1560.0 million by the year 2033, fueled by a steady Compound Annual Growth Rate (CAGR) of 4.1% from 2023 onwards. With an estimated worth of approximately USD 1042.4 million in 2023, this market segment demonstrates a consistent trajectory of expansion, underpinned by its …
Category Archives: Industrial News
FMI Predicts Global Industrial Planetary Gearbox Market Estimated to Reach USD 6.5 Billion Mark by 2033, Driven by 5.2% CAGR Growth
The global industrial planetary gearbox market is poised for significant expansion, with an anticipated valuation of USD 6.5 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033. A key driver behind this growth is the increasing demand for precision gearboxes, particularly within the cement industry. The cement sector’s …
Global Sliding Bearings Market Share Projected to Surpass USD 2,420.0 Million Milestone by 2033, Growing at 8.7% CAGR
The sliding bearing market is poised for significant growth, with a robust Compound Annual Growth Rate (CAGR) of 8.7% projected from 2023 to 2033, according to the latest report from Future Market Insights (FMI). This forward-looking projection not only indicates sustained demand for sliding bearings but also suggests an accelerated pace, with sales expected to surpass the …
FMI Projection Affirms Global Automatic Checkweigher Market Revenue to Drive Past USD 355 Million Mark by 2033, Growing at 3.0% CAGR
The automatic checkweigher market demonstrated robust momentum, achieving a valuation of USD 263.6 million in 2023, signalling a promising trajectory of expansion. This growth is projected to continue with a Compound Annual Growth Rate (CAGR) of 3.0% from 2023 to 2033, resulting in a noteworthy valuation of USD 355.0 million by 2033. Such progression not only underscores …
Global Composting Equipment Market to Reach USD 177 Million by 2033, Driven by Shifting Consumer Lifestyles
The global composting equipment market is estimated to be worth USD 124.3 million in 2023 and is projected to grow at a CAGR of 3.6%, reaching USD 177 million by 2033. This growth is largely driven by changing consumer lifestyles that emphasize sustainability and eco-friendly practices. Composting equipment is utilized to produce fertilizer and rich …
FMI Study States Global Automated Container Terminal Market Revenue to Exceed USD 20.3 Billion Milestone by 2033, Growing at 7.3% CAGR
The global automated container terminal market has achieved a commendable valuation of USD 10 billion in 2023, signalling a promising trajectory for future expansion. With a robust Compound Annual Growth Rate (CAGR) of 7.3% projected from 2023 to 2033, the market is poised to sustain its upward momentum, ultimately reaching an impressive valuation of USD 20.3 billion …
Global Adaptive Optics Market Revenue to Exceed USD 14.5 Billion by 2033, Growing at a Robust CAGR of 24.9% CAGR
The global adaptive optics market is poised for an extraordinary ascent, projected to surge from its 2023 valuation of USD 1.6 billion to a staggering USD 14.5 billion by 2033. This remarkable trajectory underscores the increasing significance of adaptive optics technology on a global scale. Undergoing a transformative journey, the adaptive optics market is buoyed by recent …
Global Motor Generator Set Market Projected to Reach USD 4.5 Billion by 2033, Driven by Energy Efficiency Demand
The global motor generator set market is expected to be valued at USD 2.6 billion in 2022, with strong demand anticipated throughout the assessment period. This demand is fueled by a growing emphasis on energy efficiency, leading to a projected market value of USD 4.5 billion by 2033, reflecting a CAGR of 5.3% from 2023 …
Global Atomic Clock Market Revenue Share to Cross USD 1048.4 Million by 2033, Driving 7% CAGR Growth | FMI Analysis
The global atomic clock market, which reached a significant milestone of USD 494.6 million in 2022, is forecasted to surpass USD 531.7 million in 2023. Looking forward to the period spanning from 2023 to 2033, the market is expected to witness a robust Compound Annual Growth Rate (CAGR) of 7.0%. This steady growth trajectory is projected …
FMI Analysis States Global Access Control and Authentication Market Valuation Aims to Reach USD 28.1 Billion by 2033, Growing at 7.6% CAGR
The access control and authentication market is on a trajectory to achieve a significant valuation of over USD 28.1 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 7.6% from 2023 onwards. This remarkable expansion is primarily attributed to the critical role played by authentication platforms in establishing and verifying individuals’ legal identities, …