The global laser projection market is projected to reach USD 14.8 billion in 2023 and is expected to exceed USD 77.8 billion by 2033, growing at a CAGR of 18.1% over the forecast period. Between 2018 and 2022, the market experienced a CAGR of 22.9%. Laser projection technology uses laser-based light sources to deliver sharper, …
Category Archives: Industrial News
Global WDM Equipment Market Set to Reach USD 73.8 Billion by 2033, Driven by Fiber Exhaustion and Growing Bandwidth Needs
The global wavelength division multiplexing (WDM) equipment market is forecasted to grow at a CAGR of 5.3% between 2023 and 2033, reaching a valuation of USD 44.1 billion in 2023 and projected to surpass USD 73.8 billion by 2033. A key driver behind the market’s expansion is fiber exhaustion, where the scarcity of fiber resources …
Rising Demand for VOC Sensors and Monitors Set to Propel Market Growth to USD 366.0 Million by 2033
Future Market Insights (FMI) reports that the global market for VOC sensors and monitors is expected to reach approximately USD 176.3 million in 2023. Over the forecast period from 2023 to 2033, the market is projected to grow at a CAGR of 7.6%, reaching an estimated USD 366.0 million by 2033. This growth is driven …
Perforation Machine Market Set to Reach USD 6.7 Billion by 2033, Driven by Industrialization and Demand for Optimized Production
The global Perforation Machine market is projected to grow from USD 4.5 billion in 2023 to USD 6.7 billion by 2033, at a steady CAGR of 4.1% during the forecast period. This growth is fueled by rapid industrialization in both emerging and developed economies, as well as a strong emphasis on improving production efficiency across …
Cranes Rental Market Set to Reach USD 95.8 Billion by 2033, Driven by Infrastructure Growth and Technological Advancements
The cranes rental market is projected to be valued at USD 48.8 billion in 2023 and is expected to grow at a CAGR of 7.0%, reaching USD 95.8 billion by 2033. The rising demand for crane rental services is primarily attributed to the surge in global construction projects, rapid urbanization, and ongoing infrastructure development. The …
Isostatic Pressing Market to Surpass USD 22.7 Billion by 2033, Growing at a 10.1% CAGR
The global isostatic pressing market is projected to reach a valuation of USD 8.7 billion by 2023 and is estimated to exceed USD 22.7 billion by 2033, growing at a steady CAGR of 10.1% from 2023 to 2033. Future Market Insights (FMI) indicates that the market experienced a notable growth of 11.2% CAGR between 2018 …
Static VAR Compensator (SVC) Market to Reach USD 1,667.0 Billion by 2034, Growing at a 5.0% CAGR
The global static VAR compensator (SVC) market is projected to generate revenue of USD 1,667.0 million by 2034, up from USD 1,020.2 million in 2024, advancing at a CAGR of 5.0% over the forecast period. Recent years have seen substantial growth in the SVC market, fueled by the increasing demand for grid stability and effective power …
Plant Phenotyping Market to Reach USD 497.4 Million by 2033, Driven by Cloud Computing and Data Analytics
The global plant phenotyping market is set for significant growth, with an estimated valuation of around USD 175.9 million expected by 2023. This growth is largely driven by proactive government support and initiatives, leading to a projected Compound Annual Growth Rate (CAGR) of 11.0% from 2023 to 2033. By 2033, the market is anticipated to …
Desiccant Dehumidifiers Market to Reach USD 822.4 Million by 2033, Driven by Customization and Energy-Efficient Solutions
The desiccant dehumidifiers market is projected to be valued at USD 573.4 million in 2023, with expectations to reach USD 822.4 million by 2033, growing at a CAGR of 3.7% during the forecast period. While North America and Europe currently dominate the market, emerging regions such as Asia Pacific, Latin America, and the Middle East …
Gas Generating Systems Market to Reach USD 20.8 Billion by 2033, Driven by Demand for Energy Independence and Sustainability
By 2033, the gas generating systems market is expected to exceed USD 20.8 billion, with a projected CAGR of 9.4% from 2023 to 2033. The market is anticipated to grow from USD 8.5 billion in 2023. There is a growing interest in gas generating systems among businesses and individuals seeking to reduce reliance on traditional …