The global airfield fencing market is predicted to be valued at USD 2,123.4 million in 2024 and USD 2,798.80 million by 2034. Over the projection period, the airfield fencing market is expected to surge at a CAGR of 2.50%. With increasing instances of unauthorized drone activities and security breaches, airports seek robust perimeter solutions, fueling demand for advanced, integrated fencing systems that effectively …
Category Archives: Industrial News
Building Automation System Industry in Korea Set for Robust Growth, Projected to Achieve 9.0% CAGR by 2034 | FMI Analysis
The building automation system industry in Korea is on the cusp of unprecedented growth, with market projections indicating a compound annual growth rate (CAGR) of 9.0% from 2024 to 2034. Starting at a valuation of USD 1,500.0 million in 2024, the industry is anticipated to reach an impressive USD 3,551.0 million by 2034, underscoring its pivotal role in the …
FMI Study States Global Evaporative Condensing Units Market Size to Reach USD 2.7 Billion by 2033, Driven by 6.1% CAGR
The global evaporative condensing units market is poised for substantial growth, with its valuation projected to rise from USD 1.5 billion in 2023 to USD 2.7 billion by 2033. This growth corresponds to a robust compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2033. Evaporative condensing units, also known as evaporative condensers, are …
FMI Analysis Affirms Global Printing Supplies Market Share Projected to Reach USD 55.8 Billion by 2033, Registering 5.2% CAGR
The global printing supplies market is on a robust growth trajectory, with an anticipated compound annual growth rate (CAGR) of 5.2% from 2023 to 2033. According to the latest market analysis, the sector is set to increase from USD 33.5 billion in 2023 to a substantial valuation of USD 55.8 billion by 2033. Despite the rapid digitalization of various …
Global Vibration Level Switch Market Revenue Anticipated to Exceed USD 1,350 Million by 2033, Driving 5.7% CAGR Growth
The global vibration level switch market is on an upward trajectory, set to achieve a market valuation of USD 779.0 million by the end of 2023. Propelled by technological advancements and expanding industrial applications, the market is projected to maintain a compound annual growth rate (CAGR) of 5.7%, reaching an estimated USD 1,350 million by 2033. Vibration level switches, …
FMI Study States Global Ultrasonic Cleaning Market Share to Exceed USD 3.2 Billion by 2033, Surging Steadily at 5.3% CAGR
The global ultrasonic cleaning market is set for robust growth, with revenues projected to climb from USD 1.9 billion in 2023 to USD 3.2 billion by 2033, representing a compound annual growth rate (CAGR) of 5.3%. Ultrasonic cleaning systems, which use transducers to convert electrical energy into high-frequency sound waves, are revolutionizing cleaning processes across multiple industries, …
FMI Study Indicates Global Tool Presetter Market Size Forecasted to Cross USD 2,109.5 Million by 2033, Surging at 6.4% CAGR
The global tool presetter market is experiencing significant growth, with the market size projected to be worth USD 1,265.9 million in 2023 and expected to surpass USD 2,109.5 million by 2033, growing at a robust CAGR of 6.4% during the forecast period. This remarkable expansion is driven by the rapid advancement of the electronics industry and the proliferation of …
FMI Study Indicates Global Tapping Sleeves Market Expected to Reach USD 4,023.7 Million by 2033, Registering 4.5% CAGR Growth
The global tapping sleeves market is on a trajectory of steady growth, with its size projected to reach USD 2,591 million in 2023. According to industry forecasts, the market is expected to surpass USD 4,023.7 million by 2033, registering a compound annual growth rate (CAGR) of 4.5% over the next decade. Tapping sleeves are essential fittings used to create …
Global Pipe Flanges Market Share Projected to Reach USD 6,907 Million by 2033, Surging Steadily at 4.1% CAGR | FMI Report
The global pipe flanges market is poised for significant expansion over the next decade. Valued at USD 4,621.5 million in 2023, the market is expected to achieve a compound annual growth rate (CAGR) of 4.1%, reaching over USD 6,907.0 million by 2033. This growth is driven by increased demand across key industries such as oil and gas, chemical processing, …
FMI Projection States Global Perforating Roller Market Size Expected to Reach USD 386.3 Million by 2033, Surging Steadily at 3.4% CAGR
The global perforating roller market is on a growth trajectory, with demand rising consistently year over year. In 2022, the market recorded a 2.7% year-over-year (Y-o-Y) growth, propelling it to an estimated value of USD 275.2 million in 2023. Forecasts indicate a compound annual growth rate (CAGR) of 3.4% over the assessment period from 2023 to 2033. …