The heavy-duty pump market is estimated to be valued at USD 16.2 billion in 2024 and is projected to reach USD 25.7 billion by 2034, with a growth rate of 4.7% during this period. The ongoing expansion of industries such as manufacturing, mining, and oil and gas serves as a significant driver for the heavy-duty …
Category Archives: Industrial News
Tension Control Market Expected to Grow USD 1.3 Billion in 2024, Projected to Reach USD 2.2 Billion by 2034 at 5.4% CAGR
According to Future Market Insights (FMI), the global tension control market was valued at USD 1.2 billion in 2023 and is expected to reach USD 1.3 billion in 2024. The market is projected to grow at a CAGR of 5.4% during the forecast period, potentially reaching USD 2.2 billion by 2034. The increasing adoption of …
Global Advanced Energy Storage System Market to Grow from USD 79.2 Billion in 2023 to USD 87.6 Billion by 2024, Driven by 9.5% CAGR
The global advanced energy storage system market was valued at USD 79.2 billion in 2023 and is projected to reach USD 87.6 billion by 2024. With a compound annual growth rate (CAGR) of 9.5%, the market is expected to hit USD 218.0 billion by 2034. Rapid growth in this market is being driven by major …
Fall Protection Market to Reach USD 3.2 Billion by 2024, Projected to Grow to USD 6.5 Billion by 2034 at 7.1% CAGR
According to a report by Future Market Insights (FMI), the fall protection market is projected to reach a valuation of USD 3.2 billion by 2024 and grow to USD 6.5 billion by 2034, expanding at a 7.1% CAGR between 2024 and 2034. This market is experiencing strong growth, driven by increasing awareness and stricter safety …
Global Sales of Automatic Weigh Price Labeling Machines to Surpass USD 328.8 Million by 2024, with 6.8% CAGR Growth Through 2034
Global sales of automatic weigh price labeling machines are expected to exceed USD 328.8 million in 2024, according to Future Market Insights (FMI). The market is anticipated to grow at a CAGR of over 6.8% from 2024 to 2034. FMI highlights that rising brand awareness among consumers is driving demand for dairy products, meat, and …
Industrial Floor Mat Market to Reach USD 4.5 Billion by 2024, Projected to Grow to USD 7.1 Billion by 2034 at 4.5% CAGR
The industrial floor mat market is projected to reach a valuation of USD 4.5 billion by 2024 and is expected to grow to USD 7.1 billion by 2034, with a CAGR of 4.5% from 2024 to 2034. This growth is driven by the mats’ essential role in improving workplace safety, productivity, and hygiene across industries. …
Underground Mining Equipment Market to Witness Steady Growth Driven by Technological Advancements and Rising Demand for Minerals | FMI Reports
The global Underground Mining Equipment Market is set for steady growth, driven by increasing mineral exploration activities, rising demand for precious metals, and significant technological advancements. As mining operations shift deeper into the earth to access high-value resources, the demand for sophisticated underground mining equipment has surged. Companies are focusing on automation, safety, and energy-efficient …
Building Automation System Market Set for Strong Growth Amid Rising Demand for Smart and Energy-Efficient Buildings | FMI Reports
The global Building Automation System (BAS) Market is poised for rapid growth, driven by the increasing adoption of smart technologies, energy efficiency initiatives, and the demand for enhanced safety and comfort in modern buildings. Building automation systems, which integrate and control various building functions like HVAC, lighting, security, and energy management, are transforming the way …
Passenger Boarding Bridge Market to Experience Strong Growth Amid Rising Air Travel and Airport Infrastructure Development | FMI Reports
The global Passenger Boarding Bridge (PBB) Market is set to experience significant growth, driven by increasing air passenger traffic and the expansion of airport infrastructure worldwide. Passenger boarding bridges, which facilitate the safe and efficient movement of passengers from terminal gates to aircraft, are becoming essential components of modern airports. As airlines and airport operators …
Commercial Refrigeration Compressors Market Set for Steady Growth Amid Expanding Cold Storage Demand | FMI Reports
The global Commercial Refrigeration Compressors Market is poised for sustained growth, driven by the increasing demand for cold storage solutions across multiple industries. As businesses expand their refrigeration capabilities to support food preservation, pharmaceuticals, and logistics, the market for refrigeration compressors has witnessed robust development. Key technological advancements are further enabling energy-efficient solutions, catering to …