Future Market Insights forecasts that the global aerial work platforms market is set to reach approximately USD 19.43 billion by 2033, reflecting a moderate compound annual growth rate (CAGR) of 6.1%. This represents a significant increase from the projected value of USD 10.75 billion in 2023. Aerial work platforms, also known as mobile elevating work …
Category Archives: Industrial News
Global Silicon Anode Battery Market Set to Reach USD 131.6 Billion by 2033, Growing at a 47.5% CAGR | FMI Reports
The global silicon anode battery market is anticipated to reach a valuation of USD 2.7 billion in 2023. The market’s growth is being driven by the rising use of advanced silicon anode batteries, which offer superior storage capacity and are increasingly adopted across various industries. Future Market Insights (FMI) forecasts that the market will grow …
Industrial Hearables Market Forecast: Expected to Surpass USD 1,700 Million by 2033, with a CAGR of 7.9% | FMI Reports
The industrial hearables market is projected to grow from USD 791.15 million in 2023 to USD 1,700 million by 2033, reflecting a robust compound annual growth rate (CAGR) of 7.9% over the forecast period. Beyond conventional noise cancellation, the focus is shifting towards cognitive noise reduction. Advanced AI algorithms are now capable of analyzing sound …
Global Steel Pipe Market Share Set to Exceed USD 143.50 Billion Valuation by 2033, Driving a Steady Growth of 3.9% CAGR | FMI Prediction
Future Market Insights forecasts significant growth in the global steel pipe market, projecting a valuation of USD 143.50 billion by 2033, sustaining a consistent Compound Annual Growth Rate (CAGR) of 3.9%. This projection builds upon the industry’s momentum, with an anticipated valuation of USD 97.88 billion in 2023. The study highlights the resilience and indispensable role …
Global Charge Controller System Market Revenue Forecasted to Exceed USD 7.4 Billion Milestone by 2033, Surging at 5.5% CAGR | FMI Study
According to a Future Market Insights (FMI) report, the charge controller system market is anticipated to secure a CAGR of 5.5% during the forecast period. The market is estimated to capture a valuation of USD 4.6 Billion in 2023 and reach USD 7.4 Billion by 2033. The surge in demand for charge controller systems can be attributed to their pivotal role in safeguarding …
FMI Analysis States Global Water Clarifiers Market Size Expected to Cross USD 10.24 Billion by 2033, Surging Steadily at 5.2% CAGR Growth
FMI Projections indicate that the water clarifiers market Size is poised to witness a steady expansion, with an estimated CAGR of 5.2% during the period spanning 2023 to 2033. By 2033, this sector is expected to command a significant market share of approximately USD 10.24 billion, in contrast to the projected valuation of USD 6.17 billion in …
FMI Report States Global Micro CHP Market Valuation Anticipated to Cross USD 2,522.5 Million by 2033, Growing at 6.8% CAGR
The micro CHP market is projected to experience significant growth in the coming years. The market size is anticipated to reach USD 1,306.5 million in 2023 and is estimated to rise to USD 2,522.5 million by 2033, with a compound annual growth rate (CAGR) of 6.8% during the forecast period. The need for efficient and environment-friendly heat …
Global Water Source Heat Pump Market Share Anticipated to Cross USD 1,617.5 Million Mark by 2033, Growing Steadily at 4.9% CAGR
According to the latest analysis by FMI, the global water source heat pump market is poised for significant growth, with projections indicating a valuation exceeding USD 1,617.5 million by 2033, backed by a resilient Compound Annual Growth Rate (CAGR) of 4.9%. A key factor propelling this upward trajectory is the increasing adoption of bio-based infrastructure, reflecting a …
FMI Projection States Global Vision Guided Robots Market Size Set to Reach USD 27,238.3 Million by 2032, Growing at a Decent 7.8% CAGR
The global vision guided robots market is set to experience a Compound Annual Growth Rate (CAGR) of 7.8% throughout the forecast period. By 2032, it is anticipated to achieve a significant valuation of USD 27,238.3 million, reflecting substantial growth from its 2022 value of USD 12,810.0 million. This exceptional growth is driven by a convergence of factors, …
FMI Analysis States Global Laser Welding Market Revenue Share to Surpass USD 5,387.0 Million Mark by 2032, Growing at 6.9% CAGR
The global laser welding market is projected to exhibit substantial growth, with an estimated value of USD 2,758.3 million in 2022, set to rise to approximately USD 5,387.0 million during the period spanning 2022 to 2032, representing a compound annual growth rate (CAGR) of 6.9%. This growth is primarily attributed to the rapid expansion of the renewable …