The global smart waste management market anticipated surge beyond the USD 2 billion milestone in 2022. Fueled by a robust Compound Annual Growth Rate (CAGR) of 20%, spanning from 2022 to 2032, the market is on track to attain a substantial size, reaching an approximate value of USD 5 billion by 2032. This compelling trajectory is intricately …
Category Archives: Industrial News
Process Automation and Instrumentation Market Surges to USD 1.72 Billion by 2033, with a CAGR of 5.5% | FMI Reports
According to a report by Future Market Insights (FMI), the process automation and instrumentation market is set to grow at a steady CAGR of 5.5% from 2023 to 2033. The market is projected to reach USD 1.72 billion by 2033, up from an estimated USD 1.06 billion in 2023. Key Drivers and Benefits of the …
Dredging Market Poised for 2.15% CAGR, Reaching USD 20,638.92 Million by 2034 | FMI Reports
The global dredging market is projected to exceed USD 20,638.92 million by 2034, rising from USD 16,684.12 million in 2024. This steady growth is driven by a Compound Annual Growth Rate (CAGR) of 2.15% throughout the forecast period, according to Future Market Insights (FMI). A significant driver of this growth is the One Belt One …
FMI Study States Global Cold Forging Machines Market Share to Cross USD 34.5 Billion Mark by 2034, Driven by 5.7% CAGR Growth
The cold forging machines market was predicted to reach USD 19.8 billion in 2023, indicating a significant increase in demand. This upward trajectory is expected to continue, propelled by a strong compound annual growth rate (CAGR) of 5.7%, culminating in a remarkable market valuation that exceeds USD 34.5 billion by 2034. Unlike hot forging techniques, which require …
FMI Analysis Indicates Global Pipes Market Size Projected to Reach USD 238.67 Billion Mark by 2034, Growing at 5.01% CAGR
The global pipes market is valued at a substantial USD 146.38 billion valuation by 2024. The projected growth trajectory is expected to be exceptionally strong, with a compound annual growth rate (CAGR) of 5.01%. By 2034, this trajectory is expected to propel the market to a remarkable valuation that will surpass USD 238.67 billion. The industrial sector, …
FMI Study Indicates Global Solar Inverter Market Size to Surpass USD 20,883.04 Million Mark by 2033, Growing at an Average 6% CAGR
The solar inverter market is set on a path of substantial growth, with forecasts predicting a robust Compound Annual Growth Rate (CAGR) of 6% leading up to 2033. By that year, the market anticipates reaching a notable valuation of USD 20,883.04 million. Noteworthy progress is expected by 2023, with a significant milestone targeting a valuation of USD …
Global Hammer Mill Market Revenue Share Projected to Surpass USD 5,677.3 Million by 2033, Driving a Steady Growth of 5.3% CAGR
According to Future Market Insights (FMI), the global hammer mill market is poised to reach a projected size of USD 3,389.5 million in 2023. Over the ensuing decade, from 2023 to 2033, the global sales of hammer mills are anticipated to exhibit a notable compound annual growth rate (CAGR) of 5.3%. By the year 2033, it is …
Mobile Cranes Market Expected to be Worth USD 33,500.2 Million by 2034, Expanding at 6.7% CAGR | FMI Reports
Mobile crane market sales are expected to witness a year-on-year growth of 6.7% in 2024, reaching a market value of USD 17,679.6 million. The market is projected to sustain a CAGR of 6.7% from 2024 to 2034, with revenues anticipated to reach USD 33,500.2 million by the end of 2034. Mobile cranes play a crucial …
Poultry Keeping Machinery Market to Exceed USD 7.7 Billion Million by 2033, with a CAGR of 4% | FMI Reports
The poultry keeping machinery market is on a promising growth path, currently valued at a robust USD 5.2 billion as of 2023. Projections indicate a strong future for the industry, with the market expected to grow at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033, reaching an impressive valuation of USD …
Gasket and Seal Market Projected to Reach USD 152,911.56 million by 2034, with a CAGR of 2.10% | FMI Reports
According to FMI, the global gaskets and seals market is projected to grow at a CAGR of 2.10% over the forecast period. The market’s value is anticipated to rise from USD 87,012.9 million in 2024 to USD 152,911.56 million by the end of 2034. The demand for gaskets and seals is expected to surge in …