The global transformer monitoring system market, valued at a robust USD 3,259.70 million in 2024, anticipates a compelling Compound Annual Growth Rate (CAGR) of 8.9% from 2024 to 2034. This trajectory positions the market to attain a substantial valuation of USD 7,646.39 million by 2034. This surge in the transformer monitoring system market not only underscores …
Category Archives: Industrial News
FMI Analysis Indicates Global Tower Crane Market Share to Surge Past USD 33,661.95 Million Mark by 2033, Driven by 4.8% CAGR
The tower crane market is primed for significant growth, projecting an ascent to USD 21,063.30 million in 2023, further reaching an impressive USD 33,661.95 million by 2033. This notable expansion is expected to be upheld by a consistent Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033. The development of efficient tower cranes necessitates a …
Global Water Treatment Market Size Projected to Surpass USD 137.17 Billion Mark by 2034, Growing at 7% CAGR | FMI Report
The global water treatment market is on track to reach an estimated value of around USD 137.17 billion by 2034, growing at a CAGR of 7%. Among the standout segments within this market, water treatment systems are poised for a substantial surge in demand in the forthcoming years. The impetus behind this growth is the ever-growing demand …
Global Electric Motor Market Revenue to Exceed USD 268.2 Billion Milestone by 2034, Driven by 6.6% CAGR Growth | FMI Study
The electric motor market is poised for striking expansion, with an average Compound Annual Growth Rate (CAGR) of 6.6% projected from 2024 to 2034. By the year 2034, this dynamic sector is anticipated to achieve a noteworthy valuation of around USD 268.2 billion. What distinguishes this market is its transformative trajectory. In 2024, the global electric motor …
Global Process Automation and Instrumentation Market Size Predicted to Cross USD 1.72 Billion by 2033, Driven by a 5.5% CAGR
According to a report by Future Market Insights (FMI), the process automation and instrumentation market is projected to grow at a steady compound annual growth rate (CAGR) of 5.5% from 2023 to 2033. The market is expected to reach USD 1.72 billion by 2033, up from an estimated USD 1.06 billion in 2023. Key Drivers and Benefits of the Process Automation and Instrumentation …
FMI Forecasts Global Calibrator Market Size Anticipated to Hit USD 1.4 Billion Mark by 2033, Sustaining 4.3% CAGR Growth
The global calibrator market, valued at USD 0.92 billion in 2022, is poised for steady growth, with projections indicating a rise to USD 1.4 billion by 2033. Driven by increased demand from the mining sector and advancements in calibration technology, the market is expected to secure approximately USD 0.96 billion in 2023, recording a CAGR of …
Global Backflow Preventers Market Revenue Share Forecasted to Exceed USD 13.8 Billion by 2033, Growing at a 4.5% CAGR
According to market analysis, the backflow preventers market is projected to expand steadily over the next decade, with an estimated market value of USD 13.8 billion by 2033. This growth reflects a compounded annual growth rate (CAGR) of 4.5% from 2023 to 2033. Backflow preventers are crucial components of plumbing systems designed to ensure the safety of …
Global Dust Extractor Market Revenue Share to Exceed USD 5.3 Billion Mark by 2033, Surging with a Decent 8.6% CAGR | FMI Study
The global dust extractor market is on a robust growth trajectory, projected to reach USD 5.3 billion by 2033, up from USD 2.2 billion in 2022. This impressive expansion reflects a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2023 to 2033. Demand for dust extractors is anticipated to remain high due to …
FMI Report Affirms Global Industrial Condensing Units Market Size to Surpass USD 15.95 Billion by 2033, Surging at a CAGR of 5.2%
The global industrial condensing units market, valued at approximately USD 11.75 billion in 2022, is poised for steady growth in the coming years. Fueled by increasing demand across a variety of end-use sectors, the market is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2028, reaching a valuation of …
FMI Projection States Global Cathodic Protection Market Share to Cross USD 7.64 Billion by 2033, Surging at an Average 5.2% CAGR
The global cathodic protection market is poised for an extraordinary surge, with a projected Compound Annual Growth Rate (CAGR) of 5.2% between 2023 and 2033. By 2033, this dynamic market segment is anticipated to hold an impressive market share of USD 7.64 billion, compared to the expected value of USD 4.60 billion in 2023. Driving Factors Accelerating …