The global automated material handling systems market is anticipated to grow at a CAGR of 9.2% over the course of the forecast period, according to the most recent study by FMI. The market is anticipated to be worth USD 34 billion in 2023. The value is expected to hit USD 81.8 billion by 2033. The global industry for these machines is growing rapidly in …
Category Archives: Industrial News
Global Industrial and Workplace Safety Market Share to Reach USD 11.1 Billion Mark by 2033, Driven by 6% CAGR Growth
The industrial and workplace safety market is on track for explosive growth, with a projected valuation of USD 11.1 billion by 2033. This expansion reflects a steady Compound Annual Growth Rate (CAGR) of 6%, signifying a significant advancement in global safety standards. In 2023, the market achieved a notable valuation of USD 6.2 billion, marking the beginning …
FMI Report Predicts Global Fuel Cell for Stationary Power Market Size to Cross USD 5,676.8 Million by 2033, Driving 11.1% CAGR Growth
The fuel cells for stationary power market is poised for significant growth, with a projected valuation of USD 5,676.8 million by 2033. This expansion is anticipated to occur at a robust Compound Annual Growth Rate (CAGR) of 11.1% from its current market value of USD 1,981.4 million in 2023 (Future Market Insights, Inc.). This significant growth highlights …
FMI Study Predicts Global Industrial Air Filtration Market Valuation to Exceed USD 56.1 Billion by 2033, Driven by 5.7% CAGR Growth
The industrial air filtration market has achieved a commendable valuation of USD 32.2 billion in 2023. This upward trajectory is expected to persist, with an anticipated market value of USD 56.1 billion by 2033. Notably, this growth is supported by a robust Compound Annual Growth Rate (CAGR) of 5.7% projected throughout the forecast period. This consistent expansion …
Global Centrifugal Pumps Market is Expected to Reach USD 60 billion by 2033, Expanding at a 6.2% CAGR |FMI Reports
The centrifugal pumps market is predicted to be valued at USD 33 billion in 2023 and USD 60 billion by 2033. Over the projection period, sales in the Centrifugal Pumps market are expected to increase at a CAGR of 6.2%. Significant growth opportunities lie in the growing demand for energy-efficient pumps. As sustainability becomes a …
Variable Frequency Drive Market Forecasted to Reach USD 62,203.02 Million by 2034, Driven by a 5.60% CAGR | FMI Reports
The variable frequency drive (VFD) market is projected to surpass USD 36,072.17 million in 2024, reaching an estimated valuation of USD 62,203.02 million by 2034. This market is expected to grow at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2034. VFDs are becoming integral to the evolution of smart grid initiatives, significantly …
Commercial Refrigeration Equipment in the United States Market to Surge to USD 11,801.44 Million by 2034, with a CAGR of 3.90% | FMI Reports
The United States commercial refrigeration equipment market is expected to grow at a compound annual growth rate (CAGR) of 3.90% through 2034. Sales are estimated to reach USD 8,049.70 million in 2024 and are projected to exceed USD 11,801.44 million by 2034. A significant driver of this growth is the expansion of the food retail …
FMI Analysis States Global District Cooling Market Revenue Share Anticipated to Surge Past USD 63.2 Billion Mark by 2033, Growing at 8.0% CAGR
The district cooling market is poised for substantial growth, projected to surge from USD 29.2 billion in 2023 to a remarkable USD 63.2 billion by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 8.0% from 2023 to 2033. The escalating demand for district cooling solutions is closely intertwined with the pressing environmental challenges posed by …
Global Sustainable Aviation Fuel Market Size Forecasted to Grow at a CAGR of 60%, Crossing USD 61.92 Billion Milestone by 2033
The aviation industry is soaring toward a greener future, fueled by the booming sustainable aviation fuel market. This market is predicted to reach a staggering USD 61.92 billion by 2033, with a phenomenal 60% annual growth rate. Why Sustainable Aviation Fuel is Taking Off: Environmentally Conscious Consumers: Travelers are increasingly demanding eco-friendly solutions. SAF significantly reduces emissions, making it a …
Global Gas Turbine Market Size Projected to Hit USD 61.1 Billion by 2033, Surging at 4.1% CAGR Growth | FMI Analysis
The gas turbine market is powering forward, projected to reach USD 61.1 billion by 2033, with a CAGR of 4.1%. This surge in demand for efficient and sustainable power generation solutions presents a golden opportunity for energy companies and technology providers to become leaders in the energy transition. But how can your brand navigate to success in this evolving market? …