The global chopper pumps market is projected to reach USD 818.4 million in 2022, with demand expected to stay strong throughout the assessment period. This growth is driven by their increasing application in agriculture, leading to an estimated value of USD 1,429 million by 2033, reflecting a CAGR of 5.2% from 2023 to 2033. In …
Category Archives: Industrial News
Global Condition Monitoring Service Market to Reach USD 9.7 Billion by 2033, Driven by Rising Machine Failures Across Industries
The global condition monitoring service market is expected to be valued at USD 3.5 billion in 2022, with demand remaining strong throughout the assessment period due to rising machine failures across various industries. The market is projected to reach USD 9.7 billion by 2033, recording a CAGR of 9.8% from 2023 to 2033. In 2023, …
Global CBRN Protection Equipment Market to Reach USD 10.3 Billion by 2033, Growing at a 5.6% CAGR
The global CBRN (Chemical, Biological, Radiological, and Nuclear) protection equipment market is projected to reach USD 10.3 billion by 2033, growing at a moderate CAGR of 5.6%. The market is expected to achieve an estimated value of USD 6.0 billion by the end of 2023. This growth is driven by escalating geopolitical tensions, hostile neighboring …
Global EUV Lithography Market to Reach USD 22.98 Billion by 2029, Growing at 21.5% CAGR
In 2021, global EUV lithography sales were valued at approximately USD 4,648.6 million. By 2029, the market is projected to grow at a robust CAGR of 21.5%, reaching an estimated value of USD 22,978.6 million. The adoption of this technology is fueled by advancements in lithographic systems, the growing demand for miniaturized chips, and the …
Global Fire Protection System Market for Industrial Cooking Set to Reach USD 9.3 Billion by 2033, Driven by Safety Awareness and Strong Demand
The global fire protection system market for industrial cooking is projected to reach USD 4.8 billion in 2022, with demand expected to remain strong throughout the assessment period. This growth is driven by heightened awareness of safety and security, with the market anticipated to reach USD 9.3 billion by 2033, reflecting a CAGR of 6.2% …
Global Fiber Laser Market Projected to Reach USD 4,304 Million in 2024, Growing at a CAGR of 11.5% Through 2034
The global fiber laser market was valued at USD 4,304 million in 2024 and is projected to experience a significant CAGR of 11.5% from 2024 to 2034. Fiber lasers are doped with rare-earth elements such as erbium, neodymium, ytterbium, praseodymium, thulium, dysprosium, or holmium. In contrast, gas lasers typically utilize carbon dioxide or helium-neon, while …
Global Inspection Machines Market to Reach USD 1,053.5 Million by 2032, Growing at a CAGR of 5.1%
The global inspection machines market is projected to grow at a strong CAGR of 5.1% from 2022 to 2032, with its value expected to rise from USD 643.1 million in 2022 to USD 1,053.5 million by 2032. The increasing number of inspection checkpoints throughout production lines is driving demand for these machines. However, integrating inspection …
Material Handling Equipment Market to Reach USD 6,555.9 Million by 2033, Growing at a 4.5% CAGR
FMI estimates that by 2023, material handling equipment market could reach USD 4,411.5 million, and forecasts a compound annual growth rate (CAGR) of 4.5% over the next decade, with the total market value expected to reach USD 6,555.9 million by 2033. The increasing adoption of intelligent manufacturing techniques and industrial automation has made advanced material-handling …
Global Factor Automation and Industrial Controls Market to Reach USD 216.65 Billion by 2032, Driven by Rising Productivity Demand
The global factory automation and industrial controls market is projected to reach a value of USD 216.65 billion by 2032, growing at a moderate CAGR of 5.2% during the forecast period from 2022 to 2032. Valued at approximately USD 130.84 billion in 2022, this market is significantly driven by the increasing demand for enhanced productivity. …
Global Commercial Combined Heat and Power (CHP) Systems Market Projected to Reach USD 47,616.5 Million by 2033, Growing at a CAGR of 7.0%
The global revenue for Commercial Combined Heat and Power (CHP) Systems reached USD 29,512.2 million in 2023 and is projected to grow to approximately USD 47,616.5 million by 2033, reflecting a CAGR of 7.0% during the forecast period (2023-2033). Combined heat and power (CHP) is an efficient process that captures and utilizes the heat produced …