The global water treatment market is on track to reach an estimated value of around USD 137.17 billion by 2034, growing at a CAGR of 7%. Among the standout segments within this market, water treatment systems are poised for a substantial surge in demand in the forthcoming years. The impetus behind this growth is the ever-growing demand for potable …
Category Archives: Industrial News
FMI Report States Global Electric Motor Market Size to Hit USD 268.2 Billion Milestone by 2034, Driven by 6.6% CAGR Growth
The global electric motor market is poised for striking expansion, with an average Compound Annual Growth Rate (CAGR) of 6.6% projected from 2024 to 2034. By the year 2034, this dynamic sector is anticipated to achieve a noteworthy valuation of around USD 268.2 billion. What distinguishes this market is its transformative trajectory. In 2024, the global electric motor …
FMI Study Indicates Global Process Automation and Instrumentation Market to Reach USD 1.72 Billion by 2033, Driven by a 5.5% CAGR
According to a report by Future Market Insights (FMI), the process automation and instrumentation market is projected to grow at a steady 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 billion in 2023. The integration of process automation with emerging technologies such as artificial …
FMI Research States North America Variable Frequency Drive Market to Hit USD 9.8 Billion Mark by 2034, Driven by 6.2% CAGR
The North America variable frequency drive market is experiencing robust growth, with an anticipated valuation of USD 9.8 billion by 2034, following a significant milestone of USD 5.3 billion in 2024. This positive trajectory is underpinned by a commendable compound annual growth rate (CAGR) of 6.2% projected for the entire forecast period. A primary driver behind this exceptional expansion …
FMI Study Indicates Global Positive Displacement Pumps Market Size to Drive Past USD 21.72 Billion by 2033, Surging at 4.4% CAGR
The global positive displacement pumps market is projected to increase at a CAGR of 4.4% during the forecast period between 2023 and 2033. This promising growth rate is poised to expand the marketplace for the market positively by reaching a total of USD 21.72 billion by 2033. According to a report from Future Market Insights, the net worth of the total positive …
FMI Analysis Affirms Global High Pressure Processing Equipment Market to Exceed USD 1.1 Billion Mark by 2033, Surging at 12.8% CAGR
The global high pressure processing equipment market is on an impressive trajectory, with aspirations to achieve a valuation surpassing USD 1.1 billion by 2033. This notable growth is propelled by a compelling Compound Annual Growth Rate (CAGR) of 12.8%, expected from 2023 to 2033. The momentum driving this substantial expansion is fueled by the rise of innovative clean label …
Australia Conveyor Maintenance Market Revenue to Reach USD 873.43 Million by 2032, Driven by Steady 2.9% CAGR
The Australia conveyor maintenance market is positioned for robust growth, aiming for a projected valuation of USD 873.43 million by 2032, bolstered by a consistent compound annual growth rate (CAGR) of 2.9% from 2022 to 2032. With notable revenue reaching USD 675.29 million in 2022, the market underscores its current influence and untapped potential within the industrial …
Global Poultry Keeping Machinery Market Revenue Share to Hit USD 7.7 Billion by 2033, Driven by Steady 4% CAGR
The global poultry keeping machinery market is on a trajectory towards prosperity, currently valued at a substantial USD 5.2 billion as of 2023. Forecasts indicate a promising outlook, with the market set to experience significant growth at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033. This anticipated expansion is expected to culminate in …
FMI Research Affirms Global Heat Pump Market Share Forecasted to Hit USD 136.2 Billion by 2034, Surging at 10.2% CAGR
The global heat pump market is likely to capture a valuation of USD 51.6 billion in 2024 and reach USD 136.2 billion by 2034. The global market is anticipated to register a CAGR of 10.2% during the forecast period. Opportunities in the Heat Pump Market: Energy Transition Initiatives: Consumers are shifting towards clean, eco-friendly, and sustainable energy sources, bringing lucrative opportunities in the …
FMI Analysis Affirms Global Power Tool Market Size Forecasted to Cross USD 68,418.8 Million by 2034, Driven by a 6% CAGR
The global power tool market is poised for significant growth, with projections indicating a market size of USD 36.04 billion in 2023, surging to an impressive USD 68,418.8 million by 2034, driven by a compelling Compound Annual Growth Rate (CAGR) of 6% over the forecast period from 2024 to 2034. This momentum is underpinned by several key factors, including …