The global stainless steel control valve market is expected to experience significant growth from 2023 to 2033. According to a report by Future Market Insights, the market is projected to exceed USD 599.0 million in 2023 and is anticipated to reach USD 1,066.0 million by 2033. This growth is expected to occur at a CAGR …
Category Archives: Industrial News
Global Steam Trap Market Projected to Reach USD 8 Billion by 2033, Growing at 6.8% CAGR
The global steam trap market is poised for significant growth, projected to rise from USD 4.2 billion in 2023 to USD 8 billion by 2033. This substantial increase is largely driven by a projected CAGR of 6.8% throughout the forecast period. Driving Factors Rise of Automation: The steam trap market is experiencing significant growth driven …
Global Industrial Chain Drives Market Expected to Reach USD 6.5 Billion by 2033, Growing at 3.6% CAGR
The global industrial chain drives market is projected to exceed USD 4.6 billion in 2023 and is expected to reach USD 6.5 billion by 2033, with a CAGR of 3.6% during this period. The increasing prevalence of infrastructure projects, such as roads, bridges, railroads, and ports, is driving market growth. Heavy equipment like cranes, excavators, …
Photon Counters Market Projected to Reach USD 204.4 Million by 2033, Growing at 6.6% CAGR
The photon counters market report from Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—provides critical insights and detailed analysis of the sector. The report examines driving factors, market size, and predictive data, offering comprehensive revenue and shipment segmentations with projections extending to 2033. It also assesses key industry players, their market distribution, competitive …
Global Welding Fume Extraction Equipment Market Set to Reach USD 7.4 Billion by 2033, Growing at 5.5% CAGR
Global sales of welding fume extraction equipment are expected to grow at a CAGR of 5.5% from 2023 to 2033, with the market value projected to reach USD 7.4 billion by 2033, up from USD 4.3 billion in 2023. The demand for welding fume extraction equipment is anticipated to rise globally, with no geographic limitations. …
Copper Pipes and Tubes Market Projected to Reach USD 34.8 Billion in 2023, Growing at 3.2% CAGR
The copper pipes and tubes market is projected to grow at a CAGR of 3.2% over the forecast period, reaching an estimated market value of USD 34.8 billion in 2023, according to FMI’s analysis. The growth is primarily driven by a surge in HVAC unit installations due to increased construction activity. Additionally, copper pipes and …
Overhead Cables Market Projected to Reach USD 119.8 Billion by 2033, Driven by Smart Grid Technology Adoption
The overhead cables market is projected to grow from USD 69.8 billion in 2023 to USD 119.8 billion by 2033, with a CAGR of 5.6%. The adoption of smart grid technologies is transforming this market by enabling real-time monitoring and control of power distribution, which enhances reliability, efficiency, and resilience. This trend opens up opportunities …
Global Mining Shovel Market Projected to Generate Over USD 10.4 Billion by 2033, with Sales Reaching USD 8.0 Billion in 2023
The global mining shovel market is projected to generate an absolute dollar opportunity exceeding USD 10.4 billion by the end of 2033. Sales of mining shovels are expected to reach approximately USD 8.0 billion by 2023, with a growth rate of 2.7% CAGR during the forecast period from 2023 to 2033. The increasing focus on …
Micro Irrigation Systems Market: Transforming Agriculture for Efficiency and Sustainability | FMI Reports
The global Micro Irrigation Systems market is experiencing rapid growth, driven by the increasing need for water conservation, rising demand for food production, and growing concerns over sustainability in agriculture. Micro irrigation, often referred to as drip irrigation or localized irrigation, delivers water directly to the plant’s root zone, ensuring optimal water usage while minimizing …
Heating Up Sustainability: The Heat Pump Market Revolution in Energy Efficiency | FMI Reports
As the world moves toward sustainable energy solutions, heat pumps are emerging as a cornerstone technology for energy-efficient heating and cooling. The global heat pump market is witnessing significant growth, driven by advancements in technology, increased awareness of energy conservation, and stringent environmental regulations. This revolutionary approach to temperature control is making homes and businesses …