Heat Pump Market According to Future Market Insights (FMI), the global heat pump market size reached USD 46.8 billion in 2023. Over the forecast period, the market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.2%, increasing from USD 51.6 billion in 2024 to USD 136.2 billion by 2034. The heat …
Category Archives: Industrial News
Global Power Tool Market to Reach USD 64.5 Billion by 2033, Growing at a 6% CAGR | FMI Reports
Power Tool Market The global power tool market is poised for significant growth, with projections indicating that the market size will expand from USD 36.04 billion in 2023 to USD 64.5 billion by 2033. This growth is driven by a robust Compound Annual Growth Rate (CAGR) of 6% over the forecast period from 2023 to …
Global Solar Microinverter Market Set to Exceed USD 5.7 Billion by 2032, Growing at 18.1% CAGR | FMI Reports
Solar Microinverter Market The global solar microinverter market is projected to grow at a remarkable Compound Annual Growth Rate (CAGR) of 18.1% from 2022 to 2032, with the market valuation expected to surpass USD 5,716.0 million by the end of this period. This substantial growth underscores the increasing adoption of solar energy and highlights the …
FMI Report Predicts Global Industrial PC Market Valuation to Exceed USD 9.4 Billion Mark by 2032, Driven by 6% CAGR Growth
The global industrial PC market has exhibited remarkable growth, achieving a commendable valuation of USD 5 billion in 2021. Projections for the period spanning from 2022 to 2032 forecast a robust Compound Annual Growth Rate (CAGR) of 6%, culminating in an anticipated valuation exceeding USD 9.4 billion. This upward trajectory is primarily driven by escalating demand across …
FMI Study States Global Industrial Automation Market Share to Reach USD 81.4 Billion Valuation by 2033, Driven by 7.2% CAGR Growth
The global industrial automation market is poised for substantial growth, with projections indicating a valuation exceeding USD 81.4 billion by 2033, driven by a steadfast Compound Annual Growth Rate (CAGR) of 7.2%. Starting with an initial forecasted value of USD 40.6 billion in 2023, the market lays a strong foundation for ambitious expansion in the coming decade. …
FMI Analysis States Global Electrical Digital Twin Market Size Surging Towards USD 3,342.7 Million by 2033, Driving 11.9% CAGR Growth
As per a new market research report published by Future Market Insights, the global electrical digital twin market is anticipated to increase significantly, progressing from USD 1,085.9 million in 2023 to USD 3,342.7 million by 2033. Throughout this projected period, the market is expected to experience substantial growth with a strong CAGR of 11.9%. The increased acceptance of innovative technologies such as …
Global Refrigeration Coolers Market Size to Exceed USD 6,409.7 Million Mark by 2033, Surging at 5.6% CAGR Growth
The net valuation of the total sales of refrigeration coolers in 2022 reached USD 3,567.2 million. With a CAGR of 5.6%, the refrigeration coolers market may worth USD 6,409.7 million by 2033. The growing requirement for food and beverage, meat and poultry processing, and refrigerated warehouses is propelling the demand for refrigeration coolers. Demand for walk-in cooler refrigeration has increased due to changing lifestyles and rising urbanization. …
FMI Study States Global Binoculars and Mounting Solutions Market Size to Surge Past USD 11.4 Billion by 2032, Surging Steadily at 3.8% CAGR
The global binoculars and mounting solutions market was expected to attain USD 8.6 billion milestone in 2022. Between 2022 and 2032, it is anticipated to grow at a CAGR of 3.8% and surpass USD 11.4 billion. The demand for binoculars and mounting solutions is anticipated to increase in the near future due to the rising standard of living …
FMI Report Projects Global Vertical Turbine Pumps Market Size Set to Exceed USD 44.9 Billion Mark by 2034, Growing Steadily at 5% CAGR
The global vertical turbine pumps market expected to attain valuation of USD 26.2 billion in 2024, is anticipated to experience remarkable growth in the coming decade. Projections suggest a significant surge, with an expected market value exceeding USD 44.9 billion by 2034, propelled by a robust Compound Annual Growth Rate (CAGR) of 5%. This impressive trajectory is …
Water Softening Systems Market Forecast to Reach USD 23.3 Billion by 2033, Growing at a 6.6% CAGR | FMI Reports
Water Softening Systems Market The global water softening systems market is projected to reach USD 12.3 billion in 2023. This market is experiencing growth due to increased awareness of water quality and regulations that promote the adoption of innovative technologies. By 2033, the market is expected to expand to USD 23.3 billion, with a compound …