Conveyor System Market In 2023, the global conveyor system market is valued at approximately USD 6.4 billion. According to projections by Future Market Insights, the market is anticipated to grow at a compound annual growth rate (CAGR) of 5.45% from 2023 to 2033, reaching an estimated USD 10.9 billion by the end of this period. …
Category Archives: Industrial News
Collaborative Robots Market Expected to Hit USD 20.5 Billion by 2033, With a Robust 25.1% CAGR | FMI Reports
Collaborative Robots Market The global collaborative robots market is poised for rapid growth, with a compound annual growth rate (CAGR) of 25.1% during the forecast period. Valued at USD 2.2 billion in 2023, the market is expected to reach USD 20.5 billion by 2033. The integration of cobots into industrial operations has notably reduced workplace …
Industrial Robotics Market Set to Reach USD 220 Billion by 2033, Boasting an Impressive 18.9% CAGR | FMI Reports
Industrial Robotics Market The global industrial robotics market is experiencing remarkable growth, with projections suggesting its value will exceed USD 220 billion by 2033. This significant expansion is fueled by a robust Compound Annual Growth Rate (CAGR) of 18.9% over the forecast period from 2023 to 2033. The primary driver of this growth is the …
Global Fiberglass Electrical Enclosure Market Share Set to Exceed USD 550 Million Milestone by 2033, Driving 5.9% CAGR Growth
The global fiberglass electrical enclosure market is on track for substantial expansion, with a targeted worth of USD 550 million by 2033. This robust growth trajectory is underpinned by a projected Compound Annual Growth Rate (CAGR) of 5.9% from 2023 to 2033, as per a comprehensive report by FMI. Fiberglass electrical enclosures possess a notable advantage due …
Global Industrial Water Cooling Systems Market Size Anticipated to Exceed USD 2,648 Million Valuation by 2032, Growing at 4.7% CAGR
The global industrial water cooling system market was on track to reach a valuation of USD 1,673.1 million in 2022, with projections indicating a significant surge to USD 2,648 million by 2032. This impressive growth trajectory is driven by a steady Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2032. The driving force behind this …
FMI Study Predicts Global Plastic Extrusion Machine Market Size to Reach USD 10,754.4 Million Mark by 2032, Growing Steadily at 4.7% CAGR
The global plastic extrusion machine market was set to achieve a remarkable valuation of USD 6,793.9 million in 2022, with strong indicators pointing towards significant expansion. Fueled by a substantial Compound Annual Growth Rate (CAGR) of 4.70%, the market is projected to reach an impressive USD 10,754.4 million by 2032. This surge in demand is propelled by …
Global Diaphragm Coupling Market Share Set to Reach USD 772.3 Million Milestone by 2032, Growing Steadily at 3.5% CAGR | FMI Analysis
The diaphragm coupling market has demonstrated impressive growth, with a substantial valuation of USD 547.3 million in 2022, laying a strong foundation for future advancements. Anticipating a consistent Compound Annual Growth Rate (CAGR) of 3.5%, the market is projected to experience significant expansion, reaching an impressive valuation of USD 772.3 million by 2032. Diaphragm couplings, once limited …
FMI Analysis States Global Commercial Induction Cooktops Market Size Set to Surge Past USD 22 Billion by 2033, Rising at a 5.6% CAGR
According to a Future Market Insights (FMI) report, the commercial induction cooktops market is anticipated to reach USD 12.74 Billion by 2023. By 2033, the market is expected to reach USD 22 Billion with a CAGR of 5.6%. The efficiency, precision, and safety of induction cooktops make them an excellent choice for restaurants. Cooktops that use induction technology heat cookware directly using electromagnetic …
Underground Mining Equipment Market to Reach USD 20.55 Billion by 2033, Growing at 2.3% CAGR | FMI Reports
Underground Mining Equipment Market The underground mining equipment market is projected to grow at a modest Compound Annual Growth Rate (CAGR) of 2.3% over the forecast period, generating USD 16.37 billion in revenue in 2023 and reaching USD 20.55 billion by 2033. Imagine a vast network of tunnels beneath the earth’s surface, where specialized machinery …
Building Automation Systems Market to Reach USD 96.26 Billion by 2033, Growing at 7.4% CAGR | FMI Reports
The Building Automation Systems (BAS) Market is expected to reach USD 47.8 billion in 2023 and grow to USD 96.26 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. This growth is driven by government initiatives focused on reducing carbon emissions and improving energy efficiency, creating significant opportunities …