According to a Future Market Insights (FMI), the global chemical dosing equipment market is estimated to be valued at USD 1900.0 Million in 2024. Global chemical dosing equipment sales will likely increase at 5.2% CAGR during the forecast period, totaling USD 3154.4 Million by 2034. Dosing pumps are expected to remain a highly sought-after product in the market. This can be attributed to …
Category Archives: Industrial News
Global Curing Ovens Market Size Predicted to Attain a Valuation of USD 6871.90 Million by 2034, Growing at 4.8% CAGR | FMI Analysis
According to FMI study, global curing ovens market is expected to exceed valuation of USD 4332.10 million in 2024. The curing oven sales are proficient to acquire the worth and hit USD 6871.90 million by 2034 as these trends gain momentum and become prevalent. This reflects a moderate CAGR of 4.80% from 2024 to 2034. The global …
FMI Analysis States Global Enclosed Motor Starter Market Size Anticipated to Exceed USD 2,865.9 Million by 2034, Growing at 4.63% CAGR
The enclosed motor starter market value is projected to reach USD 1,822.7 Million in 2024, and by 2034, it is expected to grow to USD 2,865.9 Million. The rise in industrial automation has contributed to innovations in the enclosed motor starter market with a 4.63% CAGR through 2034, resulting in more efficient motor control. These starters are essential components in automated manufacturing …
FMI Analysis States Global Casing Pipe Market Share Anticipated to Surge Beyond USD 22,738.90 Million by 2034, Driven by 5.8% CAGR
The casing pipe market value is expected to rise from USD 12,939.30 Million in 2024 to USD 22,738.90 Million by 2034. This market is analyzed to expand at a CAGR of 5.80% over the next decade. Growing demand for structural steel pipes and tubes in multinational markets is spurring market growth. The market value is further expected to improve owing to hefty …
FMI Projection Affirms Global Elevator Control Panelboard Market Share to Reach USD 15.83 Billion Mark by 2034, Growing at 6.1% CAGR
According to Future Market Insights (FMI), the global elevator control panelboard market is expected to reach USD 15.83 billion by 2034. This growth trajectory is mostly recognized by the surging demand within the residential end-use industry, which is undergoing an extraordinary surge in activity and development. Over the forecast period, global demand for elevator control panelboards is projected to …
FMI States Global Low Voltage Protection and Control Market Size to Exceed USD 32.7 Billion by 2034, Growing at 6.1% CAGR
The low voltage protection and control market is anticipated to be valued at USD 18 Billion by 2024. The market valuation is expected to be USD 32.7 Billion by 2034, projected at a CAGR of 6.1%. The expansion in the market for low voltage protection and control is rising due to several causes. The surge in the need for dependable and effective …
Global Reference Designs Market Share Anticipated to Drive Past USD 71.8 Billion Mark by 2033, Driving 11.3% CAGR Growth | FMI Analysis
The reference designs market is expected to be valued at USD 24.6 billion in 2023. The market is expected to reach USD 71.8 billion by 2033, rising at an 11.3% CAGR. Demand for these designs is driven by the many elements that influence the growth trajectory of the reference design industry. The reference design business is primarily driven by the rapid …
FMI Study Affirms Global Fire Sprinkler System Market Share to Reach USD 22,695.8 Million by 2033, Driven by 5.9% CAGR Growth
The global market for fire sprinkler systems is expected to reach USD 12,973.4 million USD in 2023. The market is expected to be valued at USD 22,695.8 million by 2033, growing at a CAGR of 5.9%. The market has grown in prominence as the residential and commercial construction sectors have expanded. This tendency is expected to drive …
FMI Study States Global Cylindrical Grinders Market Revenue to Exceed USD 4.8 Billion Mark by 2033, Growing Steadily at 4.8% CAGR
The global Cylindrical Grinders Market is poised for substantial growth, with a projected value of USD 3.0 billion by the year 2023. Over the following decade, from 2023 to 2033, the demand for cylindrical grinders is forecasted to witness a steady ascent, with sales expected to surge at a compound annual growth rate (CAGR) of 4.8%. By …
Global DC Drive Market Revenue Share to Cross USD 9.8 Billion Mark by 2034, Growing Steadily at 5.3% CAGR | FMI Projection
The DC drive market had an estimated market size of USD 5.5 Billion in 2023 and is expected to reach a global market size of USD 9.8 Billion by 2034, increasing at a CAGR of 5.3% between 2024 and 2034. By 2024, the market for DC drive is likely to reach a valuation of USD 5.8 Billion. The market is mostly driven by the …