The global helical submerged arc welded (HSAW) pipes market is positioned to achieve a substantial valuation exceeding USD 7.8 billion by 2033. With a significant valuation of USD 5.4 billion in 2022 and a projected increase to USD 5.7 billion in 2023, the market illustrates a consistent growth trend, underscored by a steady Compound Annual Growth Rate …
Category Archives: Industrial News
FMI Study Projects Global Large Scale Bearings Market Size Aims to Surpass USD 760.3 Million by 2033, Driving 8.0% CAGR Growth
The global large scale bearing market is projected to witness substantial growth, with a noteworthy Compound Annual Growth Rate (CAGR) of 8.0% expected between 2023 and 2033, reaching an estimated value of USD 760.3 million. This anticipated expansion reflects significant shifts in various industries, spurred by relentless technological advancements. Driving this upward trend is a notable increase …
FMI Analysis States Global Air Cooled Cube Ice Machines Market Share to Exceed 3.63 Billion Milestone by 2033, Growing at 8% CAGR
According to Future Market Insights (FMI), the global air-cooled cube ice machine market is forecast to grow by 8% between 2023 and 2033, reaching USD 3.63 billion by 2033, estimates FMI. There was significant growth in sales between 2018 and 2022, growing at a CAGR of 5%. Ice machines with air cooling are most commonly found under …
Global Reach-In Refrigerators Market Valuation Forecasted to Cross USD 58.94 Billion by 2033, Growing Steadily at 4.32% CAGR
Reach-in refrigerators, those ubiquitous workhorses of commercial kitchens and retail spaces, are experiencing a consistent rise in demand. They offer convenient access to chilled food and beverages, making them indispensable for various applications. Let’s delve into the factors propelling the reach-in refrigerator market forward, explore the trends shaping its evolution, and peer into its promising future. Growth …
FMI Analysis States Global Merchandising Carts Market Size to Exceed USD 5.8 Billion Mark by 2033, Growing Steadily at 4.1% CAGR
The global merchandising carts market is steadily ascending, with a projected value of USD 3.9 billion in 2023. This upward trend is primarily fueled by the burgeoning popularity of food trucks and street vendors, fostering a conducive environment for the thriving merchandising carts market. Looking ahead, a robust Compound Annual Growth Rate (CAGR) of 4.1% from 2023 …
FMI Study Affirms Global Nugget Ice Machine Market Valuation to Surge Past USD 133.9 Million Mark by 2033, Growing at 5.16% CAGR
Future Market Insights projects a prosperous outlook for the global nugget ice machines market, was valued at USD 80.9 million in 2023. With a forecasted Compound Annual Growth Rate (CAGR) of 5.16% from 2023 to 2033, the market is poised to achieve a substantial valuation of USD 133.9 million by the end of the next decade. …
FMI Analysis Predicts Global Piston Seals Market Size to Reach USD 3.4 Billion Valuation by 2033, Growing Steadily at 3.8% CAGR
The global piston seals market is positioned for substantial growth, establishing a robust foundation in 2022 with an estimated value of USD 2.2 billion. Primed for notable evolution, the market is projected to witness a surge from its 2023 valuation of USD 2.3 billion, ultimately surpassing an impressive USD 3.4 billion by 2033. This growth trajectory is …
FMI Study States Global Chip Warmer Market Revenue to Reach USD 5.1 Billion Milestone by 2033, Growing Steadily at 4% CAGR
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 Flow Meters Market Revenue Projected to Hit USD 13.2 Billion Valuation by 2033, Growing Steadily at 5% CAGR | FMI Analysis
The global flow meters market revenue is anticipated to reach USD 13.2 billion by 2033, up from USD 8.1 billion in 2023. Future Market Insights is estimated to secure a CAGR of 5.0% for the market between 2023 and 2033. Flow meters are used in a wide range of industries, including oil and gas, water and wastewater, chemical, and pharmaceuticals, among others. The …
FMI States Global Transformer Tap Changers and Voltage Control Relay Market Share to Surpass USD 2357.1 Million by 2033, Driven by 4.9% CAGR
The market for transformer tap changers and voltage control relays is anticipated to be worth more than USD 2357.1 Million by 2033. It is predicted to increase by 4.9% yearly. Over the course of the projection period, sales of transformer tap changers and voltage control relays are expected to grow at a respectable CAGR of 4.9%. The …