The copper pipes and tubes market is poised for significant growth, projecting a Compound Annual Growth Rate (CAGR) of 3.2% over the forecasted period. This trajectory is expected to culminate in a substantial market value surpassing USD 48.8 billion by 2033. This anticipated growth exceeds traditional statistical predictions, highlighting the enduring versatility and significance of copper across …
Category Archives: Industrial News
Global Welding Fume Extraction Equipment Market Revenue Size to Cross USD 7.4 Billion by 2033, Driving 5.5% CAGR Growth
The welding fume extraction equipment market is poised for significant expansion, with a projected valuation of approximately USD 4.3 billion in 2023, driven by a robust Compound Annual Growth Rate (CAGR) of 5.5% from 2023 to 2033. As the forecast period concludes, global sales of welding fume extraction equipment are expected to reach a substantial USD 7.4 …
Global Industrial Chain Drives Market Revenue Estimated to Surpass USD 6.5 Billion by 2033, Driven by 3.6% CAGR Growth
The global industrial chain drives market size is expected to exceed a valuation of USD 4.6 billion in 2023. It is anticipated to attain a valuation of USD 6.5 billion by 2033. The market is foreseen to thrive at a CAGR of 3.6% from 2023 to 2033. Projects to build infrastructure, such as roads, bridges, railroads, and …
Global Electric Resistance Welded (ERW) Pipes and Tubes Market Size to Reach USD 119.4 Million by 2033, Growing at 5.2% CAGR
The electric resistance welded (ERW) pipes and tubes market is poised for substantial growth, with a projected valuation of USD 71.9 million by 2023. This positive trajectory is anticipated to continue, fueled by an impressive Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033. Consequently, the market is on track to attain a formidable valuation …
Global Helical Submerged Arc Welded (HSAW) Pipes Market Share to Cross USD 7.8 Billion by 2033, Driving 3.3% CAGR Growth
The global helical submerged arc welded (HSAW) pipes market is positioned to achieve a substantial valuation exceeding USD 7.8 billion by 2033. With a significant valuation of USD 5.4 billion in 2022 and a projected increase to USD 5.7 billion in 2023, the market illustrates a consistent growth trend, underscored by a steady Compound Annual Growth Rate …
Global Solenoid Valve Market Revenue Size Estimated to Cross USD 6.9 Billion Milestone by 2033, Driving 4.5% CAGR Growth
According to a recent FMI study, the solenoid valve market is anticipated to reach USD 4.5 billion in 2023. The market is projected to grow at a CAGR of 4.5% from 2023 to 2033, reaching USD 6.9 billion by 2033. Strict regulations in the food and beverage and medical industries, especially in developed countries, are propelling the …
FMI Study Projects Global Large Scale Bearings Market Size to Surpass USD 760.3 Million by 2033, Driving 8.0% CAGR Growth
The global large scale bearing market is projected to witness substantial growth, with a noteworthy Compound Annual Growth Rate (CAGR) of 8.0% expected between 2023 and 2033, reaching an estimated value of USD 760.3 million. This anticipated expansion reflects significant shifts in various industries, spurred by relentless technological advancements. Driving this upward trend is a notable increase …
Global Insulated Gate Bipolar Transistors (IGBT) Market Revenue to Exceed USD 14.9 Billion by 2033, Growing at 8.3% CAGR
FMI forecasts indicate that the global insulated gate bipolar transistors (IGBT) market size is set to reach a valuation of USD 6.7 billion in 2023. This growth trajectory is primarily attributed to the escalating adoption of technologically advanced insulated gate bipolar transistors across diverse industries, serving as a key driver for market expansion. Projections anticipate the market …
Global Binoculars and Mounting Solutions Market Revenue Size to Surge Past USD 11.4 Billion by 2032, Surging Steadily at 3.8% CAGR
The global binoculars and mounting solutions market was expected to attain USD 8.6 billion milestone in 2022. Between 2022 and 2032, it is anticipated to grow at a CAGR of 3.8% and surpass USD 11.4 billion. The demand for binoculars and mounting solutions is anticipated to increase in the near future due to the rising standard of living …
FMI Study Predicts Global Prefabricated Building Systems Market Share to Surpass USD 18.5 Billion by 2032, Surging at an Average CAGR of 6.1%
The global prefabricated building system market is expected to generate lucrative growth opportunities with a CAGR of 6.1% from 2022 to 2032. By 2032, it is expected that the global market will be valued at US$ 18.5 billion. The market’s expansion is attributed to the building and construction sector’s explosive global growth. The prefabricated building system market …