The test and measurement equipment market is projected to grow at a 5.6% CAGR through 2034, with its value increasing from USD 35,684.4 million in 2024 to over USD 61,534.3 million by 2034. The rising demand for precise and reliable test and measurement equipment spans across industries such as telecommunications, aerospace, automotive, and healthcare. This …
Category Archives: Industrial News
Surge Arrester Market to Reach USD 4,277.3 Million by 2033, Driven by a Steady 5.0% CAGR
The surge arrester market is projected to be valued at USD 2,625.8 million in 2023, with a steady CAGR of 5.0% from 2023 to 2033. This growth is expected to bring the market to an estimated valuation of USD 4,277.3 million by 2033. Several key drivers are fueling the surge arrester industry’s expansion. The increasing …
“Global Hydraulic Cylinder Market to Surpass USD 24 Billion by 2033, Growing at 4.6% CAGR”
The global hydraulic cylinder market is projected to grow at a CAGR of 4.6% from 2023 to 2033, with the market valuation expected to exceed USD 24 billion by 2033, up from an estimated USD 15.3 billion in 2023. Hydraulic cylinders are in high demand within the automotive industry, which was valued at a staggering …
Global Biocomposites Market to Reach USD 133.84 Billion by 2034, Growing at a 15.5% CAGR
The global biocomposites market is projected to grow at a strong CAGR of 15.5 %, increasing from USD 31.76 billion in 2024 to USD 133.84 billion by 2034. This robust growth is driven by extensive research and development in composite materials, alongside the advantages of biocomposites such as recyclability, lightweight properties, and cost-effectiveness. Additionally, concerns over …
Machine Control System Market to Reach USD 15,436.8 million by 2033 with a Steady 6.5% CAGR
The machine control system market is projected to reach a valuation of USD 15,436.8 million by 2033, from USD 8,223.6 million in 2023 growing at a steady CAGR of 6.5%. According to market analysis, the increasing need for precision in controlling and navigating heavy machinery is set to drive the expansion of the machine control …
Global Tower Crane Rental Market to Reach USD 12.8 Billion by 2033, Driven by 5.8% CAGR
According to a report by Future Market Insights (FMI), the global tower crane rental market is projected to reach a value of USD 7.3 billion in 2023. This growth is driven by rising demand for tower crane rentals across various industries. By 2033, the market is expected to reach USD 12.8 billion, with a compound …
Industrial Hearables Market Expected to Reach USD 1,700 Million by 2033, Growing at a CAGR of 7.9%
The industrial hearables market is anticipated to reach a valuation of USD 791.15 million in 2023 and is projected to grow to USD 1,700 million by 2033, representing a compound annual growth rate (CAGR) of 7.9% over the forecast period. In addition to traditional noise cancellation, cognitive noise reduction is becoming increasingly popular. AI algorithms …
Global Aircraft Ground Support Equipment Market Set to Reach USD 18,316.2 million by 2034, Driven by 7% CAGR Growth
According to Future Market Insights (FMI), the global aircraft ground support equipment (GSE) market is set for significant growth, projected to reach USD 9,351.7 million by 2024. Anticipating a compound annual growth rate (CAGR) of 7% from 2024 to 2034, the market is expected to achieve approximately USD 18,316.2 million by 2034, reflecting a 1.9x …
Global Substation Automation Market Set to Reach USD 55.69 Billion by 2033 with 6.7% CAGR Growth
The global substation automation market is projected to reach a value of approximately USD 29.12 billion, with an expected growth rate of 6.7% CAGR from 2023 to 2033, culminating in a market size of around USD 55.69 billion by 2033. This growth is primarily driven by the increasing demand for reliable and efficient power supply. …
Global Gasoline Generator Market Expected to Surpass USD 768.8 Million in 2022 Amid Growing Demand
The global gasoline generator market is projected to exceed a valuation of USD 768.8 million in 2022, according to a recent report by Future Market Insights. The report provides an in-depth analysis of the market from 2014 to 2021 and offers a forecast through 2022 to 2029. It highlights key factors influencing market growth, such …