The global commercial microwave ovens market is positioned for significant success in the year 2023, with an anticipated value of USD 2,137 million. Future Market Insights projects substantial growth for this market, forecasting a steady Compound Annual Growth Rate (CAGR) of 4.3% between 2023 and 2033. This growth trajectory is expected to drive the market to an …
Category Archives: Industrial News
Global Chip Warmer Market Revenue Share to Reach USD 5.1 Billion Milestone by 2033, Growing Steadily at 4% CAGR | FMI Projection
The global chip warmers market, valued at USD 3.4 billion in 2023, is projected to experience a robust and steady upward trajectory, boasting a compound annual growth rate (CAGR) of 4.0% from 2023 to 2033. By 2033, this market is anticipated to reach a significant milestone of USD 5.1 billion, indicative of the escalating demand for …
Global Air Compressor Filters and Compressed Air Dryers Market Size to Reach USD 10.4 Billion by 2033, Growing at 6.1 % CAGR
The global air compressor filters and compressed air dryers market is positioned for substantial growth, with a projected valuation of USD 10.4 billion by 2033. This expansion is anticipated to occur at a steady Compound Annual Growth Rate (CAGR) of 6.1% from 2023. The market is expected to reach a significant milestone in 2023, with a projected …
FMI Analysis States Global Sliding Bearings Market Size Projected to Drive Past USD 2,420.0 Million Milestone by 2033, Growing at 8.7% CAGR
The sliding bearing market is poised for significant growth, with a robust Compound Annual Growth Rate (CAGR) of 8.7% projected from 2023 to 2033, according to the latest report from Future Market Insights (FMI). This forward-looking projection not only indicates sustained demand for sliding bearings but also suggests an accelerated pace, with sales expected to surpass the …
Global Supplied Air Respirators (SARs) Market Size to Exceed USD 2.7 Billion by 2033, Driving 6.1% CAGR Growth | FMI Study
The global supplied air respirators (SARs) market is experiencing significant growth, with a projected valuation of USD 2.7 billion by 2033, supported by a steady Compound Annual Growth Rate (CAGR) of 6.1% from 2023 to 2033. Beyond their traditional role as safety equipment, supplied air respirators play a crucial role in safeguarding the health and well-being of …
FMI Analysis States Global Degaussing System Market Revenue to Exceed USD 925 Million Mark by 2034, Driven by 3.6% CAGR Growth
The degaussing system market is expected to be valued at USD 647.5 Million by 2024. The market valuation is estimated to be USD 925 Million by 2034, projected at a CAGR of 3.6%. Advanced materials might be incorporated into future degaussing systems to reduce magnetic signatures. Various naval vessels could be made from these materials, which would make them more efficient and …
Global Power Grid Market Size to Exceed USD 471 Billion Mark by 2034, Growing Steadily at 4.6% CAGR | FMI Analysis
The global power grid market size is poised for significant growth, reaching USD 300 Billion in 2024. Sales of power grids are expected to witness a robust CAGR of 4.6% from 2024 to 2034. By 2034, the demand for power grids is anticipated to reach a valuation of USD 471 Billion. Driven by advancements in renewable energy technology, the goal of reducing …
FMI Study Affirms Global Barrier System Market Valuation Anticipated to Surpass USD 34 Billion Mark by 2034, Growing Steadily at 4.3% CAGR
The barrier system market is anticipated to be valued at USD 22.2 billion by 2024. The market valuation is estimated to be USD 34 billion by 2034, projected at a CAGR of 4.3%. The barrier system market encompasses various products and solutions that provide safety, security, and control in various environments. Barrier systems are utilized across diverse sectors, including transportation, industrial, commercial, and …
FMI Analysis States Global Power Plant Boiler Market Revenue to Surge Beyond USD 40 Billion Mark by 2034, Growing Steadily at 5.80% CAGR
The global power plant boiler market value is expected to rise from USD 22.7 Billion in 2024 to USD 40 Billion by 2034. This estimated growth is expected to be driven by a promising CAGR of 5.80% in the power plant boiler industry over the next decade. Governments around the world are investing in upgrading their present power plants. This, along with the …
Demand Surge in Key Industries Drives Industrial Pail Market: Expected Expansion to USD 1.8 Billion by 2034 Despite Sluggish Growth Rate
Industrial Pail Market Future Market Insights (FMI), a leading provider of market intelligence and consulting services, has released a comprehensive analysis of the industrial pail market, forecasting a moderate Compound Annual Growth Rate (CAGR) of 1.90% from 2024 to 2034. The market is anticipated to grow from USD 1.7 billion in 2024 to approximately USD 1.8 …