The global oil accumulator market is poised for significant growth, reaching USD 51.2 billion in 2024. The revenue of oil accumulators is expected to witness a CAGR of 8.1% from 2024 to 2034. By 2034, the demand for oil accumulators is anticipated to attain a valuation of USD 112 billion. Pollutants emitted into the environment during oil …
Category Archives: Industrial News
FMI Study States Global FRP Bridge Market Size Forecasted to Drive Past USD 1 Billion by 2034, Fueled by CAGR of 6.10%
The global market size for FRP bridges is estimated to be around USD 573.30 Million in 2024. It is projected to exhibit a CAGR growth of 6.10% over the forecast period, with an estimated market size of USD 1 Billion in 2034. Infrastructure development projects are on the rise globally, particularly in countries like India, China, and the United Kingdom. These projects require …
Global Metal-air Battery Market Revenue Share Anticipated to Exceed USD 2.8 Billion Milestone by 2034, Driving 15.2% CAGR Growth
According to Future Market Insights (FMI), the growing popularity of electronic devices, the adoption of electric vehicles, and developments in laser and 3D printing are expected to drive the global metal-air battery market towards a USD 2.8 Billion valuation by 2034. From 2024 to 2034, the market is anticipated to expand at a CAGR of 15.2%. Metal-air batteries are expected …
Global Forged and Casting Component Market Revenue to Exceed USD 17,146.7 Million Mark by 2033, Growing at 6.0% CAGR | FMI Study
The global forged and casting components market value observed a 5.2% year-on-year growth in 2022 and is estimated to reach USD 9,591.6 million in 2023. Over the assessment period, global sales of forged and casting components are projected to rise at 6.0% CAGR, culminating in a market size of USD 17,146.7 million by 2033. Demand for forged and casting components is anticipated to remain …
FMI Report States Global Portable Buffet and Drop-in Ranges Market Revenue to Exceed USD 1,629.7 Million by 2033, Driving 6.5% CAGR
The global portable buffet and drop-in ranges market is on a growth trajectory, having reached a valuation of USD 868.2 million in 2023. Forecasts suggest a steady CAGR of 6.5% from 2023 to 2033, with an anticipated valuation of USD 1,629.7 million by the end of the forecast period. The increasing popularity of food preparation and serving …
Global Commercial Electric Restaurant Ranges Market Revenue Share to Cross USD 76.8 Billion by 2033, Driven by 5.6% CAGR Growth
The commercial electric restaurant ranges market is witnessing significant momentum, with an anticipated valuation of USD 44.5 billion in 2023. Fueled by ongoing economic expansion and a surge in disposable incomes globally, the market is poised to maintain a robust Compound Annual Growth Rate (CAGR) of 5.6% from 2023 to 2033, ultimately reaching an impressive USD 76.8 …
FMI Analysis Affirms Global Gas Commercial Deep Fryers Market Size Forecasted to Cross USD 1,301.4 Million by 2033, Driving 6.6% CAGR Growth
The global gas commercial deep fryers market is expected to be valued at USD 686.8 million in 2023. With the continual economic growth rise in the disposable incomes of people, the gas commercial deep fryers market is projected to grow at a CAGR of 6.6% between 2023 and 2033, totaling around USD 1,301.4 million by 2033. Moreover, technological advancements have revolutionized the landscape …
Global Food Holding and Warming Equipment Market Revenue Projected to Exceed USD 6.7 Billion by 2033, Driven by 3.2% CAGR Growth
The food holding and warming equipment market is forecast to reach USD 4.9 Billion by the year 2023, with a projected CAGR of 3.2% between 2023 and 2033. This growth is primarily driven by the increasing emphasis on food quality and safety, which creates a favorable environment for the food holding and warming equipment market. The market …
FMI Projection Affirms Global On-orbit Satellites Servicing Market Revenue to Reach USD 8.8 Billion Milestone by 2034, Driven by 12.3% CAGR
The on-orbit satellite servicing market is expected to experience significant growth in the coming years. The market is expected to rise at a CAGR of 12.3% through 2034. The market is projected to reach a valuation of USD 8.8 billion by 2034, rising from USD 2.8 billion in 2024. Various factors drive this growth, including cost reduction, technological advancements, and sustainability efforts. Satellite …
FMI Report States Global Gravity Conveyor System Market Valuation to Cross USD 804.4 Million Mark by 2034, Driving 5.2% CAGR Growth
The global gravity conveyor system market value is forecast to increase from USD 484.5 Million in 2024 to USD 804.4 Million by 2034. Over the assessment period, global demand for gravity conveyor systems is projected to surge at a CAGR of 5.2%. The gravity roller conveyor segment is expected to dominate the global gravity conveyor system industry through 2034. It will likely hold a …