Crane Market The global crane market is projected to be valued at USD 45.7 billion in 2023, driven by the rising demand for infrastructural development and construction activities. By 2033, the market is expected to reach USD 67.6 billion, growing at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2033. The growing …
Category Archives: Industrial News
Global EUV Lithography Market Forecast: Projected to Grow at 21.5% CAGR, Reaching USD 22,978.6 Million by 2029 | FMI Reports
In 2021, global sales in the EUV lithography market were estimated to be USD 4,648.6 million. Looking ahead to 2029, the market is expected to grow significantly, with a projected Compound Annual Growth Rate (CAGR) of 21.5%, reaching an estimated value of USD 22,978.6 million. The term “Extreme Ultraviolet” (EUV) refers to the specific wavelength …
Global Lightning Arrester Market Valuation to Surpass USD 1627.2 Million Mark by 2034, Growing at an Average 6.4% CAGR | FMI Study
The global lightning arrester market stands poised for significant expansion, with anticipated valuation of USD 876.3 million in 2024, marking the onset of substantial growth over the next decade. Forecasts project a remarkable ascent to USD 1627.2 million by 2034, indicating a robust Compound Annual Growth Rate (CAGR) of 6.4%. Lightning arresters, often overlooked yet indispensable, assume …
FMI Analysis Predicts Global Digital Pump Market Size to Surpass USD 20.5 Billion Mark by 2032, Driving an Average 6.1% CAGR
The digital pump market is envisioning a substantial Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2032. This upward momentum is set to elevate the market to remarkable heights, projecting a valuation of USD 20.5 billion by 2032, marking a significant increase from its 2022 valuation of USD 11.3 billion. At the heart of this …
FMI Study States Global EMC Shielding and Test Equipment Market Revenue Share to Exceed USD 11,440.5 million by 2033, Surging at 4.5% CAGR
The global EMC shielding and test equipment market size is anticipated to cross a valuation of USD 7,336.9 million in 2023. It is predicted to attain a valuation of USD 11,440.5 million by 2033. The market is projected to showcase a CAGR of 4.5% from 2023 to 2033. The rising demand and consumption of smart electronic devices …
Forecast for Glass Reactor Market Shows 5.9% CAGR Growth from 2024 to 2034, Leading to a Projected Value of USD 1,826.5 Million by 2034 | Future Market Insights, Inc.
The global glass reactors market is poised for substantial growth, with an estimated valuation of USD 967.4 Million in 2024, advancing to USD 1,826.5 Million by 2034. This trajectory reflects a robust compound annual expansion of 5.9% over the forecast horizon. In 2023, the sector generated USD 913.1 Million in revenue, setting the stage for a projected …
Global Reverse Osmosis Pump Market Valuation to Surge Beyond USD 16.6 Billion Mark by 2033, Growing at a Decent 9.0% CAGR
According to a recent analysis by Future Market Insights (FMI), the reverse osmosis pump market is anticipated to surpass the USD 14.6 billion mark in 2033. Going ahead, the demand for reverse osmosis pumps will continue to rise at a Compound Annual Growth Rate (CAGR) of 9.0% between 2023 and 2033. This forecast underscores the enduring significance …
FMI Analysis Affirms Global Mini Cranes Market Revenue Projected to Exceed USD 761 Million by 2033, Growing at 6.0% CAGR
As per Future Market Insights (FMI), the global mini cranes market value is expected to rise from USD 422.2 million in 2023 to USD 761 million by 2033. Global sales of mini cranes between 2023 and 2033 are projected to rise at a robust CAGR of 6%. Mini cranes are becoming necessary as a result of the growing construction sector and the rise of …
FMI Study States Global Tritium Light Source Market Size to Reach USD 8.6 Billion by 2033, Flourishing at a CAGR of 2.5%
The global tritium light source market is anticipated at US$ 6.6 billion in 2022. The sector is gaining pace as companies provide technologically improved tritium light sources with various integrated technologies. The market is expected to accumulate a valuation of US$ 8.6 billion in 2033, recording a CAGR of 2.5% from 2023 to 2033. The market is likely to secure US$ 6.7 billion in …
Global Downhole Tractor Market Valuation Set to Reach USD 5.8 Billion Mark by 2033, Growing Steadily at 5.2% CAGR | FMI Study
The global downhole tractor market is anticipated at USD 3.5 billion in 2023. The sector is gaining pace as companies provide technologically improved downhole tractors with various integrated technologies. By 2033, a valuation of USD 5.8 billion is expected, with a CAGR of 5.2%. The increasing demand for electrically driven downhole tractors instead of mechanically driven tractors is anticipated to propel the …