The global micro CHP (Combined Heat and Power) market is expected to grow at a CAGR of 6.8% from 2023 to 2033, reaching a total valuation of approximately USD 2,522.5 million by 2033, up from USD 1,306.5 million in 2023, according to a recent study by Future Market Insights. Market growth is being driven by …
Category Archives: Industrial News
Global Composting Equipment Market to Reach USD 177 Million by 2033, Driven by Evolving Consumer Lifestyles
The global composting equipment market is projected to be valued at USD 124.3 million in 2023, with an anticipated growth rate of 3.6% CAGR, reaching USD 177 million by 2033. This growth can be attributed to shifts in consumer lifestyles. Composting equipment is utilized to produce fertilizer and rich soil conditioners (humus) from organic materials, …
Global High Voltage Switchboard Market Expected to Reach USD 5.0 Billion by 2033, Growing at a 5.3% CAGR
In 2023, the global high voltage switchboard market is anticipated to be valued at USD 3.0 billion, with consumption projected to grow at a CAGR of 5.3% from 2023 to 2033, reaching approximately USD 5.0 billion. This growth will be fueled by rising energy demands and increased needs in mining, power generation, and maritime applications. …
Optoelectronic Transducers Market Expected to Reach USD 3.8 Billion by 2033, Growing at a 4.4% CAGR
The global optoelectronic transducers market is projected to reach USD 3.8 billion by 2033, up from USD 2.5 billion in 2023, growing at a CAGR of 4.4% during the forecast period. Optoelectronics is a rapidly evolving technology focused on the generation, detection, and control of light. The rising demand for optoelectronic transducers, which convert one …
Combi Coolers Market to Reach USD 348 Million by 2033, Growing at 3.8% CAGR
In 2022, the global market for combi coolers is estimated to be valued at USD 232 million. Demand for combi coolers is expected to remain strong across various end-use sectors, with the market projected to reach USD 348 million by 2033, growing at a CAGR of 3.8% from 2023 to 2033. In 2023, the market …
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Galvanic Isolation Market to Grow at 5.2% CAGR Through 2032, Driven by Rising Demand in Telecom, Healthcare, and Industry
The Galvanic Isolation Market is projected to grow at a CAGR of approximately 5.2% from 2022 to 2032, fueled by rising demand from critical sectors such as telecom, healthcare, and industry. This report delves into key drivers, market size, and forecasts, providing revenue and shipment breakdowns along with a ten-year outlook through 2032. It also …
Prefabricated Building System Market to Reach USD 18.5 Billion by 2032, Growing at 6.1% CAGR
The global prefabricated building system market is expected to witness significant growth, with a projected CAGR of 6.1% from 2022 to 2032, reaching a valuation of USD 18.5 billion by 2032. This growth is driven by the rapid expansion of the global building and construction industry. Prefabricated building systems are modular assemblies of various components …
Traction Motors Market to Surpass USD 30.0 Billion by 2032, Growing at 13.0% CAGR
Global sales of traction motors reached approximately USD 11.7 billion in 2022, with demand expected to grow at a CAGR of 13.0% from 2022 to 2032, surpassing a valuation of USD 30.0 billion by 2032. This growth is driven by increasing demand for high-performance motors across industries such as automotive and electronics. Traction motors are …
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Die Bonder Equipment Market to Surpass USD 6,726.7 Million by 2033, Driven by 4.3% CAGR
According to a report by Future Market Insights (FMI), the die bonder equipment market is valued at USD 4,415.3 million in 2023 and is projected to exceed USD 6,726.7 million by 2033, with a CAGR of 4.3% during the forecast period. The growing demand for advanced semiconductor devices, such as microchips and sensors, is driving …
Variable Air Volume (VAV) System Market to Reach USD 38,247 Million by 2034, Driven by Demand for Energy-Efficient HVAC Solutions
According to Future Market Insights (FMI), the variable air volume (VAV) system market is projected to grow at a CAGR of 10.2%, reaching USD 38,247 million by 2034, driven by the increasing demand for energy-efficient HVAC systems. In 2024, the market is expected to hold a value of USD 14,480 million, propelled by the rising …