The global plumbing fitting & fixtures market is poised for steady growth, with a projected valuation of USD 164.8 billion by 2033. This expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 5.7% from 2023. The market is already well-established, with a strong foundation of USD 89 billion in 2022 and an expected …
Category Archives: Industrial News
Global Gem Faceting Machine Market Size Expected to Drive Past USD 1,270 Million by 2034, Driven by 4.10% CAGR Growth
The gem faceting machine market demonstrated robust growth in 2024, surging to USD 849.8 Million. It is poised to witness further expansion, reaching an estimated USD 1,270 Million by 2034. Forecasts indicate a steady upward trajectory, with a CAGR of 4.10% from 2024 to 2034. The rising demand for customized gemstones, especially in jewelry and luxury goods, …
FMI Projection States East Asia Safety and Process Filter Industry to Reach USD 14,722.5 Million by 2034, Driven by 7.6% CAGR Growth
The East Asia safety and process filter industry value is forecast to increase from USD 7,075.7 million in 2024 to USD 14,722.5 million by 2034. Over the assessment period, demand for safety and process filters in East Asia is projected to grow at a CAGR of 7.6%. Expansion of end-use industries like shipyards, refineries, petrochemical and chemical plants, fuel storage facilities, and …
Global Lined Valve Market Revenue to Surpass USD 5.1 Billion Milestone by 2034, Growing Steadily at 4.1% CAGR | FMI Study
The lined valve market is expected to be valued at USD 3.4 Billion by 2024. The market valuation is registered to be USD 5.1 Billion by 2034, projected at a CAGR of 4.1%. The growth in the need for corrosion-resistant valves in sectors like water treatment, chemical processing, and oil and gas extraction is a major motivator. Lined valves for industrial facilities …
FMI Report Projects USA Hydrogen Electrolyzer Market Size to Exceed USD 790.8 Million by 2033, Driven by an Outstanding 23.8% CAGR
The USA hydrogen electrolyzer market is poised for remarkable growth, with projections indicating a robust CAGR of 23.8% from 2023 to 2033. By 2033, it is expected to attain a valuation of approximately USD 790.8 million, marking substantial expansion from the anticipated valuation of around USD 93.2 million in 2023. Notably, the demand for polymer electrolyte membrane …
FMI Study Affirms Global Terrain Awareness and Warning System Market Size to Surpass USD 415 Million by 2033, Driving 4.7% CAGR Growth
The global terrain awareness and warning system market is estimated to be USD 245 million in 2023. The demand for terrain awareness and warning systems is projected to expand at a CAGR of 4.7%, with its market valuation reaching USD 415 million by 2033. The global Terrain Awareness and Warning System (TAWS) market is on the brink of transformative growth, fueled by …
Global Low Voltage Motor Control Center Market Size to Reach USD 10 Billion Valuation by 2034, Driven by 8.1% CAGR Growth
The low voltage motor control center market is estimated to be worth USD 4.6 billion in 2024 and is projected to be valued at USD 10 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 8.1%. Growing urbanization and industrialization in emerging economies are expected to create opportunities for low-voltage motor control center market expansion due …
Global Nacho Cheese Warmers Market Valuation to Surpass USD 7.9 Billion Mark by 2033, Growing at 4.5% CAGR | FMI Analysis
The global nacho cheese warmers market is poised for significant growth, with an expected valuation of USD 5.1 billion in 2023. The increasing popularity of snack foods is driving the overall expansion of the nacho cheese warmers market, projected to grow at a CAGR of 4.5% between 2023 and 2033, reaching approximately USD 7.9 billion by 2033. …
FMI Analysis States Global Countertop Ice Dispensers Market Gears Up for USD 904.5 Million Valuation by 2033, Driving 6.3% CAGR Growth
The countertop ice dispensers market is forecasted to maintain a robust Compound Annual Growth Rate (CAGR) of 6.3% from 2023 to 2033, indicating an anticipated market worth of approximately USD 904.5 million by 2033, according to insights from Future Market Insights. Experiencing significant expansion, the global market is expected to achieve a valuation of USD 491.0 million …
FMI Study States Global Hand Sinks Market Revenue Share to Exceed USD 1.6 Billion Mark by 2033, Driven by 4.4% CAGR Growth
The hand sinks market is poised to achieve a projected valuation of USD 1.09 billion in 2023, followed by a robust Compound Annual Growth Rate (CAGR) of 4.4% from 2023 to 2033. Propelled by an escalating demand for resilient healthcare infrastructure, this market is strategically positioned for sustained expansion, aiming for an impressive USD 1.6 billion valuation …