The global heat recovery steam generation (HRSG) market is projected to reach USD 1.31 billion in 2023 and is expected to grow to USD 2.03 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2033. This growth is driven by technological advancements in power infrastructure and the increasing need …
Category Archives: Industrial News
Synchronous Condenser Market Forecast: USD 2,381.08 Million by 2033, Driven by an 8.4% CAGR | FMI Reports
The global synchronous condenser market is forecasted to reach USD 1,102.90 million in 2023 and grow to USD 2,381.08 million by 2033, with an estimated Compound Annual Growth Rate (CAGR) of 8.4% during this period. Opportunities in the Synchronous Condenser Market Advanced Control Systems: Innovations in control systems, incorporating the Internet of Things (IoT), are …
Industrial Robots Market Expected to Exceed USD 25,828.99 Million by 2033 with a CAGR of 17.20% | FMI Reports
The global industrial robots market is set for substantial growth, with projections indicating it will surpass USD 25,828.99 million by 2033. This impressive expansion is driven by a robust Compound Annual Growth Rate (CAGR) of 17.20%, building from a valuation of USD 5,282.40 million in 2023. A major driver of this growth is the innovative …
Transformer Monitoring System Market Forecasted to Surpass USD 7,646.39 Million by 2034 with an 8.9% CAGR | FMI Reports
The global transformer monitoring system market, valued at USD 3,259.70 million in 2024, is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) of 8.9% from 2024 to 2034. By 2034, the market is expected to reach approximately USD 7,646.39 million. This growth trajectory highlights the increasing importance of transformer monitoring systems …
FMI Analysis States Global Optical Measuring Systems Market Size Predicted to Reach USD 8.0 Billion by 2033, Growing at 5.9% CAGR
The global optical measuring systems market is expected to reach a valuation of approximately USD 4.5 billion by 2023. This growth trajectory can be chiefly attributed to the increasing investments in research and development, which are fostering innovations and advancements within the market. It is anticipated that by 2033, the market will achieve a substantial valuation of …
FMI Study Projects Global Residential Boiler Market Revenue Set to Reach USD 53.1 Billion by 2033, Growing Steadily at 5.5% CAGR
According to a Future Market Insights (FMI) report, the global residential boiler market size is likely to be valued at USD 31.1 Billion in 2023. The increasing demand for tower crane rentals in various end-use industries is driving the market growth. The market is estimated to garner USD 53.1 Billion in 2033, recording a CAGR of 5.5% …
FMI Projection Affirms Global Personal Protective Equipment Market Share to Reach USD 69,169.3 Million Mark by 2034, Growing at 5.5% CAGR
FMI’s analysis indicates a remarkable trajectory for the global personal protective equipment market, with projections suggesting a robust Compound Annual Growth Rate (CAGR) of approximately 5.5% from 2024 to 2034. Expected to surpass a significant milestone, the industry is on track to reach a pinnacle worth over USD 69,169.3 million by 2034, up from its estimated …
FMI Analysis Predicts Global Insulated Gate Bipolar Transistors (IGBT) Market Size to Exceed USD 14.9 Billion by 2033, Growing at 8.3% CAGR
FMI forecasts indicate that the global insulated gate bipolar transistors (IGBT) market size is set to reach a valuation of USD 6.7 billion in 2023. This growth trajectory is primarily attributed to the escalating adoption of technologically advanced insulated gate bipolar transistors across diverse industries, serving as a key driver for market expansion. Projections anticipate the market …
Global Warehouse Robotics Market Analysis Report States the Industry to Cross USD 5,609.75 Million by 2034, Growing at 13.8% CAGR
The warehouse robotics market is poised for significant expansion, projected to surge from USD 1,540.57 million in 2024 to a milestone of USD 5,609.75 million by 2034. Over the decade from 2024 to 2034, this sector is expected to experience a notable Compound Annual Growth Rate (CAGR) of 13.8%. The driving force behind this growth is the …
FMI Analysis States Global Traction Motors Market Size Estimated to Surpass USD 30.0 Billion Mark by 20302, Growing at 13.0% CAGR
Global traction motor market is poised to expand at a Compound Annual Growth Rate (CAGR) of 13.0% between 2022 and 2032, with an expected value surpassing USD 30 billion by the end of that period. Moreover, global sales are forecasted to achieve an impressive growth rate ranging between 12 to 15%. The burgeoning demand for these high-performance …