Global traction motor market is poised to expand at a Compound Annual Growth Rate (CAGR) of 13.0% between 2022 and 2032, with an expected value surpassing USD 30 billion by the end of that period. Moreover, global sales are forecasted to achieve an impressive growth rate ranging between 12 to 15%. The burgeoning demand for these high-performance …
Category Archives: Industrial News
FMI States Global Hammer Mill Market Revenue Projected to Surpass USD 5,677.3 Million by 2033, Driving a Steady Growth of 5.3% CAGR
According to Future Market Insights (FMI), the global hammer mill market is poised to reach a projected size of USD 3,389.5 million in 2023. Over the ensuing decade, from 2023 to 2033, the global sales of hammer mills are anticipated to exhibit a notable compound annual growth rate (CAGR) of 5.3%. By the year 2033, it is …
FMI Projection Affirms Construction Anchors Market Share Anticipated to Surge Past USD 24,838.79 Million by 2034, Growing at a 6.0% CAGR
The global construction anchor market is anticipated to exhibit robust growth, expanding from USD 13,869.85 million in 2024 to a projected USD 24,838.79 million by 2034, representing a compound annual growth rate (CAGR) of 6.0% over the ensuing decade. This significant market expansion underscores the anticipated upsurge in demand for construction anchors. Market players are upgrading their product lines with a structured strategy of raising …
FMI Study States Global Absorbent Glass Mat (AGM) Battery Market Revenue to Reach USD 18 Billion by 2032, With a 4.8% CAGR Growth
Global absorbent glass mat (AGM) battery market is estimated to garner USD 18 Billion while exhibiting a 4.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure USD 11.2 Billion in 2022. The number of research and development by …
FMI Study States Global Test and Measurement Equipment Market Size to Reach USD 61,534.3 million by 2034, With a 5.6% CAGR
The test and measurement equipment market is experiencing a 5.6% CAGR through 2034, with an estimated value of USD 35,684.4 million in 2024 and a projected value exceeding USD 61,534.3 million by 2034. The demand for precise and reliable test and measurement equipment is increasing across various industries such as telecommunications, aerospace, automotive, and healthcare. This trend is driven by the need to …
FMI Study States Global EMC Shielding and Test Equipment Market Share to Exceed USD 11,440.5 million by 2033, Surging at 4.5% CAGR
The global EMC shielding and test equipment market size is anticipated to cross a valuation of USD 7,336.9 million in 2023. It is predicted to attain a valuation of USD 11,440.5 million by 2033. The market is projected to showcase a CAGR of 4.5% from 2023 to 2033. The rising demand and consumption of smart electronic devices …
High-Density Racks (>100Kw) Market Set to Reach USD 48.35 Billion by 2033 with a Steady 3.8% CAGR
The global demand for high-density racks (>100Kw) is projected to grow at a steady CAGR of 3.8% from 2023 to 2033. By 2033, the market is expected to reach a value of USD 48.35 billion, up from an estimated USD 34.56 billion in 2023. These racks are primarily used in data centers to support high-density …
Duct Fans Market Projected to Reach USD 162.79 Billion by 2033
The duct fans market is expected to be valued at USD 96,354 million in 2023 and is forecasted to grow to USD 162,788.1 million by 2033, reflecting a substantial compound annual growth rate (CAGR) of 6.0% throughout the forecast period. As a vital component of the ventilation and air circulation industry, duct fans provide essential …
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Global Dumbwaiter Lifts Market Set for Significant Growth, Projected to Reach USD 25,413.90 Million by 2033
The global dumbwaiter lifts market is on track for remarkable growth, with a robust compound annual growth rate (CAGR) of 4.5% anticipated during the forecast period. Expected to reach a valuation of USD 17,101.10 million in 2023, the market is projected to surge further, potentially hitting USD 25,413.90 million by 2033. Key Drivers Fuelling the …
Global Commercial Kitchen Ventilation System Market Projected to Reach USD 17.43 Billion by 2033, Growing at a CAGR of 4.5%
The global commercial kitchen ventilation system market is expected to be valued at USD 17.43 billion by 2033, rising from USD 11.73 billion in 2023, with a compound annual growth rate (CAGR) of 4.5% throughout the forecast period. This steady growth is primarily attributed to the inclusion of air exhaust and replacement air systems in …