The global safety instrumentation systems market forecasted an impressive valuation of USD 6,947.3 million by 2032. This marks a substantial progression from its 2022 value of USD 4,123.3 million, driven by a robust Compound Annual Growth Rate (CAGR) of 5.4% over the forecast period. The rising demand for safety instrumentation systems is closely tied to the evolving landscape …
Category Archives: Industrial News
Global Industrial Water Cooling Systems Market Share to Exceed USD 2,648 Million Mark by 2032, Growing Steadily at 4.7% CAGR
The global industrial water cooling system market was on track to reach a valuation of USD 1,673.1 million in 2022, with projections indicating a significant surge to USD 2,648 million by 2032. This impressive growth trajectory is driven by a steady Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2032. The driving force behind this growth is …
FMI Analysis Indicates Global Industrial Power Monitoring System Market Size to Exceed USD 14,375.2 Million by 2033, Growing at 8% CAGR
The global industrial power monitoring systems market is poised for significant growth, with projections indicating a valuation of USD 7,191.2 million by the conclusion of 2023. This trajectory of expansion extends further, with an anticipated Compound Annual Growth Rate (CAGR) of 8% from 2023 to 2033, propelling the market to an impressive USD 14,375.2 million by the end of …
FMI Study Affirms Global Plastic Extrusion Machine Market to Surpass USD 10,754.4 Million by 2032, Growing Steadily at 4.7% CAGR
The global plastic extrusion machine market was set to achieve a remarkable valuation of USD 6,793.9 million in 2022, with strong indicators pointing towards significant expansion. Fueled by a substantial Compound Annual Growth Rate (CAGR) of 4.70%, the market is projected to reach an impressive USD 10,754.4 million by 2032. This surge in demand is propelled by the …
FMI Report States Global Ride-On Mower Market Share to Exceed USD 4,530 Million Mark by 2032, Driving 4.1% CAGR Growth
The global ride-on mower market is positioned for significant growth, with projections indicating a valuation exceeding USD 4,530.0 million by 2032. This notable trajectory marks a substantial increase from its 2022 value of USD 3,040.0 million, driven by a commendable Compound Annual Growth Rate (CAGR) of 4.1% over the forecast period. Central to this exceptional growth narrative is …
FMI Study Indicates Global Portable Metal Detectors Market Share to Exceed USD 2,667 Million Mark by 2032, Driven by 8.3% CAGR Growth
The global portable metal detectors market is poised for significant expansion, with a projected valuation surpassing USD 2,667 million by the year 2032. Reflecting a robust Compound Annual Growth Rate (CAGR) of 8.3% spanning the decade from 2022 to 2032, this forecast underscores the escalating demand for portable metal detection solutions across diverse sectors. Portable metal detectors are primed …
FMI Study Indicates Global Rainscreen Cladding Market Size to Reach USD 4,554 Million by 2033, Growing at an Average 6.7% CAGR
The global rainscreen cladding market is poised for remarkable expansion, with Future Market Insights forecasting a valuation exceeding USD 4,554 million by 2033. This anticipated growth, projected at a consistent Compound Annual Growth Rate (CAGR) of 6.7%, underscores the increasing demand for rainscreen cladding in the construction industry. Key drivers propelling this growth include substantial investments in construction, …
FMI Study States Global Chromatography Accessories and Consumables Market to Reach USD 7 Billion by 2033, Growing at 5.2% CAGR
Future Market Insights (FMI) has released a compelling projection indicating a significant surge in the global chromatography accessories and consumables market, foreseeing a valuation surpassing the USD 7 billion milestone by the year 2033. This estimation is underpinned by a robust Compound Annual Growth Rate (CAGR) of 5.2% expected over the coming decade, building upon a sturdy foundation …
FMI Report Indicates Global Optical Waveguide Market Share to Surge Past USD 13 Billion by 2033, Driving 5.3% CAGR Growth
The optical waveguide market is poised for significant growth, aiming to achieve an impressive valuation of USD 13.0 billion by 2033, driven by a substantial Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2033. Currently, the market is on a robust trajectory, with an estimated value of USD 7.8 billion in 2023. This expansion not only indicates …
Global Optical Current Transformer Market Size Forecasted to Surpass USD 353.0 Million Valuation by 2033, Surging at 8.4% CAGR
The global optical current transformers market size is likely to be valued at USD 157.6 million in 2023. The increasing demand for cleaner and sustainable energy sources is driving market growth. The market is estimated to garner USD 353 million in 2033, recording a CAGR of 8.4% from 2023 to 2033 The increasing deployment of renewable energy sources, such as solar and wind …