The gasket and seal market is projected to reach a valuation of USD 87,012.9 million in 2024 and grow to USD 152,911.56 million by 2034, expanding at a CAGR of 2.10% during the forecast period. This growth is closely tied to the expansion of key industries such as automotive, manufacturing, oil and gas, chemical processing, …
Category Archives: Industrial News
Barcode Printers Market to Surpass USD 8,552.87 Million by 2032, Growing at 7.4% CAGR
Over the forecast period from 2022 to 2032, the barcode printers market is expected to grow at a CAGR of 7.4% in terms of sales, driven by factors influencing its end-use industries. The market size is projected to exceed USD 8,552.87 Million by 2032. Barcode printers are specialized devices used to generate barcodes and product …
Variable Frequency Drive (VFD) Market to Reach USD 62,203.02 million by 2034, Growing at 5.6% CAGR”
The variable frequency drive (VFD) market is projected to exceed USD 36,072.17 million in 2024, with an estimated valuation of USD 62,203.02 million by 2034, growing at a CAGR of 5.60% from 2024 to 2034. VFDs play a pivotal role in smart grid initiatives, enhancing power distribution network stability and optimizing energy consumption. Their integration …
U.S. Commercial Refrigeration Equipment Market to Reach USD 11,801.44 million by 2034, Driven by Growing Food Distribution Demand
The United States commercial refrigeration equipment market is expected to grow at a CAGR of 3.90% through 2034, with projections indicating an increase from USD 8,049.70 million in 2024 to USD 11,801.44 million by 2034. A significant driver of this growth is the rising demand from the food distribution sector, which holds a substantial share …
Global Telecom Tower Power System Market Set to Reach USD 7,987.8 million by 2034, Growing at 6.7% CAGR
According to Future Market Insights (FMI), the global telecom tower power system market is projected to reach USD 7,987.8 million by 2034, growing from USD 4,518.9 million in 2024, with a robust CAGR of 6.7% throughout the forecast period. The advancement of cutting-edge technology is driving the incorporation of modern features into telecom services, thereby …
Global Lead-Acid Battery Market to Reach USD 106.8 Billion by 2034, Driven by 5.6% CAGR
According to Future Market Insights (FMI), the global lead-acid battery market was valued at USD 59.7 billion in 2023. It is expected to grow by 4.8% in 2024, reaching USD 62.6 billion. Looking further ahead, the market is projected to expand at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2034, reaching …
Transformer Market Set for Steady Growth Amid Increasing Demand for Reliable Power Infrastructure | FMI Reports
The global Transformer Market is expected to experience significant growth in the coming years, driven by rising energy demand, modernization of electrical grids, and the expansion of renewable energy projects. Transformers play a critical role in the transmission and distribution of electricity, ensuring efficient power delivery across industries, urban centers, and residential areas. Key Takeaways: …
Conveyor System Market Poised for Robust Growth as Industries Focus on Automation and Efficiency | FMI Reports
The global Conveyor System Market is expected to experience significant growth in the coming years, driven by the rising demand for efficient material handling systems across various industries. Conveyor systems have become an integral part of automation in manufacturing, warehousing, and distribution, enhancing the speed and precision of operations while reducing labor costs. Key Takeaways: …
Collaborative Robots Market Set to Experience Exponential Growth, Revolutionizing Workplaces Worldwide | FMI Reports
The Collaborative Robots Market is projected to see exponential growth in the coming years, driven by increasing demand for flexible, safe, and efficient automation across various industries. Cobots are transforming the way businesses approach automation by working alongside human operators, fostering collaboration, and enhancing productivity across multiple sectors. Key Takeaways: Market Expansion: The global collaborative …
Industrial Robotics Market Poised for Significant Growth, Revolutionizing Key Industries | FMI Reports
The Industrial Robotics Market is projected to witness remarkable growth in the coming years, driven by increasing demand for automation across multiple sectors. As industries shift toward efficiency, productivity, and precision, industrial robots are playing a pivotal role in revolutionizing the global manufacturing landscape. Key Takeaways: Market Growth: The industrial robotics market is expected to …