Process Automation and Instrumentation Market According to a report by Future Market Insights (FMI), the process automation and instrumentation market is anticipated to grow at a consistent compound annual growth rate (CAGR) of 5.5% from 2023 to 2033. The market is expected to reach USD 1.72 billion by 2033, up from an estimated USD 1.06 …
Category Archives: Industrial News
Global Gaskets and Seals Market Set to Achieve USD 152,911.56 Million by 2034 with a 2.10% CAGR | FMI Reports
Gasket and Seal Market According to FMI, the global gaskets and seals market is projected to grow at a Compound Annual Growth Rate (CAGR) of 2.10% during the forecast period. The market value is expected to increase from USD 87,012.9 million in 2024 to USD 152,911.56 million by the end of 2034. The rising demand …
Mobile Cranes Market Projected to Reach USD 33,500.2 Million by 2034, Growing at a 6.7% CAGR | FMI Reports
Mobile Crane Market The mobile crane market is set to grow significantly, with a projected year-on-year increase of 6.7% in 2024, reaching a market value of USD 17,679.6 million. This growth trend is expected to continue, with a Compound Annual Growth Rate (CAGR) of 6.7% from 2024 to 2034, leading to anticipated market revenues of …
Global Poultry Keeping Machinery Market Set to Reach USD 7.7 Billion by 2033, Growing at a 4% CAGR | FMI Reports
Poultry Keeping Machinery Market The poultry keeping machinery market is on a strong growth trajectory, valued at USD 5.2 billion in 2023. It is expected to expand at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033, reaching an impressive USD 7.7 billion by 2033. This growth is driven by the global …
Variable Frequency Drive Market Expected to Reach USD 62.2 Billion by 2034, with a CAGR of 5.60% | FMI Reports
Variable Frequency Drive Market The variable frequency drive (VFD) market is expected to surpass USD 36,072.17 million in 2024 and is projected to reach USD 62,203.02 million by 2034, with a compound annual growth rate (CAGR) of 5.60% from 2024 to 2034. VFDs are becoming increasingly essential in the advancement of smart grid initiatives, where …
Centrifugal Pumps Market Worldwide Expected to Hit USD 60 Billion by 2033, with a CAGR of 6.2% | FMI Reports
Centrifugal Pumps Market The centrifugal pumps market is estimated to be valued at USD 33 billion in 2023 and is expected to grow to USD 60 billion by 2033, with a projected compound annual growth rate (CAGR) of 6.2% during this period. This growth is largely driven by the rising demand for energy-efficient pumps, as …
U.S. Commercial Refrigeration Equipment Market Expected to Reach USD 11.8 Billion by 2034, with a CAGR of 3.90% | FMI Reports
United States commercial refrigeration equipment market The United States commercial refrigeration equipment market is projected to grow at a compound annual growth rate (CAGR) of 3.90% through 2034. Sales are expected to reach USD 8,049.70 million in 2024 and surpass USD 11,801.44 million by 2034. This growth is primarily driven by the expansion of the …
Global Mobile Car Wash & Detailing Market Revenue Share to Exceed USD 251.583 Billion Mark by 2033, Expanding at a Decent 9% CAGR
The global mobile car wash & detailing market is revving up for a remarkable journey, projected to soar to a staggering USD 251.583 Billion by 2033, boasting a robust CAGR of 9% from 2023 to 2033. This impressive growth trajectory highlights the increasing demand for convenient and professional car cleaning services that come directly to the customer’s doorstep. With …
Global Automotive Wheel Rims Market Valuation Estimated to Surpass USD 82.83 Billion by 2033, Growing at a CAGR of 6.01% | FMI Reports
The global automotive wheel rims market was valued at USD 44.5 billion and was expected to reach USD 46.2 billion in 2023. According to Future Market Insights, the market is projected to grow at a CAGR of 6.01% between 2023 and 2033, reaching approximately USD 82.83 billion by 2033. Wheel rims, which are the outer edges of a wheel, are crucial for securely holding the …
Global Power Transformer Market Projected to Reach USD 39.3 Billion by 2033, With a 5% CAGR | FMI Reports
Power Transformer Market The power transformer market is anticipated to grow at a compound annual growth rate (CAGR) of 5% from 2023 to 2033, with a global market value of USD 24.1 billion in 2023. According to Future Market Insights (FMI), the market is projected to surpass USD 39.3 billion by the end of 2033. …