The global mooring compensators market is currently valued at USD 1780 million and is expected to grow to USD 2439 million by 2032, achieving a CAGR of 3.2% from 2022 to 2032. Mooring equipment is typically made from propylene rubber, known for its resistance to sunlight and ozone. Mooring compensators play a crucial role in …
Category Archives: Industrial News
Motorized Decoiler Machine Market Projected to Reach USD 4.8 Million by 2033, Driven by Technological Advances and Manufacturing Applications
The global motorized decoiler machine market is expected to be valued at USD 3.2 million in 2022, with strong demand anticipated throughout the assessment period. This growth is attributed to advancements in technology and increased applications in manufacturing, with projections indicating a market value of USD 4.8 million by 2033, reflecting a CAGR of 3.9% …
Global High Voltage Switchboard Market Projected to Reach USD 5.0 Billion by 2033, Driven by Growing Energy Demand
In 2023, the global high voltage switchboard market is expected to be valued at USD 3.0 billion, with consumption forecasted to grow at a CAGR of 5.3% from 2023 to 2033, reaching around USD 5.0 billion. This growth will be driven by increasing energy demands and heightened requirements in sectors such as mining, power generation, …
Global Oxy-Fuel Welding Equipment Market Expected to Reach USD 2.8 Billion by 2033, with a CAGR of 6.4%
The global oxy-fuel welding equipment market is anticipated to be valued at approximately USD 1.5 billion in 2023 and is projected to grow to USD 2.8 billion by 2033. This growth is expected to occur at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2023 to 2033. The oxy-fuel welding …
Global Spray Booth Ventilation System Market Set to Reach USD 800 Million by 2032, Fueled by Safety Standards and Industry Demand
The global market for spray booth ventilation systems was valued at USD 568 million in 2021 and is projected to reach USD 585 million in 2022. As industries such as automotive, aerospace, construction, and railways increasingly adopt these systems, the market is expected to grow at a moderate CAGR of 3.1% from 2022 to 2032, …
Commercial Induction Cooktop Market to Hit USD 22 Billion by 2033, Fueled by Precision and Efficiency in Professional Kitchens
According to a report by Future Market Insights (FMI), the commercial induction cooktop market will reach USD 12.74 billion by 2023, expanding to USD 22 billion by 2033 with a CAGR of 5.6%. Induction cooktops are becoming increasingly popular in restaurant kitchens due to their high efficiency, precise temperature control, and enhanced safety features. These …
Global Sorting Equipment Market to Reach USD 8.9 Billion by 2033, Fueled by Advanced Sorting Solutions
The global sorting equipment market was valued at USD 3.9 billion in 2022, is anticipated to create an incremental opportunity of USD 4.16 billion by the end of 2023. By 2033, the market is projected to reach USD 8.9 billion, growing at a CAGR of 7.9% from 2023 to 2033. Sorting equipment—industrial machines designed to …
Global Chilled Water Storage System Market to Reach USD 322.9 Million by 2033, Fueled by Demand from Key Industries and Energy Efficiency Initiatives
The global chilled water storage system market is anticipated to be worth USD 165.7 million in 2023, with projections indicating it will grow at a CAGR of 6.9%, reaching USD 322.9 million by 2033. This expansion is primarily driven by increased demand from industries such as petrochemicals, oil & gas, pharmaceuticals, and food & beverages. …
Global Terrain Awareness and Warning System Market Anticipated to Cross USD 415 Million by 2033, Growing Steadily at 4.7% CAGR
The global terrain awareness and warning system market is estimated to be USD 245 million in 2023. The demand for terrain awareness and warning systems is projected to expand at a CAGR of 4.7%, with its market valuation reaching USD 415 million by 2033. The global Terrain Awareness and Warning System (TAWS) market is on the brink of transformative growth, fueled by …
FMI States Global General Purpose Electronic Test and Measurement Instruments Market to Reach USD 20.8 Billion by 2033, Growing at 9.7% CAGR
The global general purpose electronic test and measurement instruments market is poised for transformative growth, with projections indicating a significant valuation exceeding USD 20.8 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 9.7% forecasted between 2023 and 2033. This substantial growth underscores the persistent demand for innovative solutions within the industry. At …