The global vehicle electrification market is projected to grow at a prolific CAGR of 10.3% during the forecast period of 2022-2032. The market was valued at USD 72 Billion in 2021. Rising emphasis on environment-friendly alternatives for the automobile sector is driving the demand for vehicle electrification across the world. Increasing fuel prices coupled with a rise in the sales of …
Category Archives: Industrial News
FMI Projection Affirms Construction Anchors Market Size Anticipated to Surge Past USD 24,838.79 Million by 2034, Growing at a 6.0% CAGR
The global construction anchor market is anticipated to exhibit robust growth, expanding from USD 13,869.85 million in 2024 to a projected USD 24,838.79 million by 2034, representing a compound annual growth rate (CAGR) of 6.0% over the ensuing decade. This significant market expansion underscores the anticipated upsurge in demand for construction anchors. Market players are upgrading their product lines with a structured strategy of raising …
FMI Study States Global Absorbent Glass Mat (AGM) Battery Market Share to Reach USD 18 Billion by 2032, With a 4.8% CAGR Growth
Global absorbent glass mat (AGM) battery market is estimated to garner USD 18 Billion while exhibiting a 4.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure USD 11.2 Billion in 2022. The number of research and development by …
FMI Analysis Projects Global RFID Kanban Systems Market Size to Exceed USD 8.4 Billion Mark by 2032, Driven by 18.1% CAGR Growth
The RFID Kanban systems market is poised for remarkable growth, with projections indicating a surge to surpass USD 8.4 billion by 2032, driven by an impressive compound annual growth rate (CAGR) of 18.1%. This upward trajectory, originating from a market size of USD 1.6 billion in 2022, underscores the transformative potential of RFID Kanban solutions in modern …
FMI Study States Global Currency Counting Machines Market Revenue Anticipated to Surpass USD 373.4 Million by 2033, Driving 4.9% CAGR
According to the FMI projections, the currency counting machines market is expected to experience substantial growth, reaching an estimated value of USD 231.4 million in 2023 and projecting a robust increase to USD 373.4 million by 2033. The industry is estimated to undergo a CAGR of 4.9% during forecast period. This notable surge is primarily attributed to …
Bulk Material Handling Systems Market Projected to Reach USD 6.9 Billion by 2033, Growing at a 2.5% CAGR | FMI Reports
Bulk Material Handling System Market The Bulk Material Handling System Market report by Future Market Insights, an ESOMAR Certified Market Research and Consulting Firm, provides comprehensive insights and detailed analysis of the sector. The report examines the market’s scope, driving factors, size, and forecasts, offering a decade-long projection through 2033. It includes detailed segmentations of …
Testing, Inspection, and Certification Market Size Projected to Exceed USD 4,18,640.80 Million by 2033, Driven by 5.30% CAGR
The global testing, inspection, and certification market is poised for remarkable expansion, aiming for an impressive valuation of USD 4,18,640.80 million by 2033, supported by a consistent Compound Annual Growth Rate (CAGR) of 5.30%. As of 2023, the market stands at USD 2,49,780.10 million, as reported by our industrial automation analysts. These vital services employ advanced analytical …
FMI Study States Global Test and Measurement Equipment Market Share to Reach USD 61,534.3 million by 2034, With a 5.6% CAGR
The global test and measurement equipment market is experiencing a 5.6% CAGR through 2034, with an estimated value of USD 35,684.4 million in 2024 and a projected value exceeding USD 61,534.3 million by 2034. The demand for precise and reliable test and measurement equipment is increasing across various industries such as telecommunications, aerospace, automotive, and healthcare. This trend is driven by the need …
Global Cable Accessories Market Revenue Share to Surpass USD 84,186.2 Million by 2033, Surging at an Average 6.2% CAGR | FMI Study
The global cable accessories market was forecasted to exceed a substantial value of USD 46,131.2 million by 2023. Projections indicate a noteworthy Compound Annual Growth Rate (CAGR) of 6.2% over the next decade, positioning the market to achieve a significant milestone, reaching an estimated value of USD 84,186.2 million by 2033. This impressive growth trajectory is primarily …
FMI Study Predicts Global Temporary Storage Buildings Market Share to Reach USD 5,002.4 Million by 2033, Surging at 6.1% CAGR
The global temporary storage buildings market is experiencing a notable surge in growth within the dynamic landscape of commerce and industry. Projections suggest that this market is set to attain a substantial valuation of USD 5,002.4 million by 2033, driven by an expected compound annual growth rate (CAGR) of 6.1% from 2023 to 2033. As of the …