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 …
Category Archives: Industrial News
FMI Analysis States Global Small Gas Engine Market Size Projected to Reach a Valuation of USD 5.0 Billion by 2034, Driven by 5.2% CAGR
The global small gas engine market is anticipated to reach a valuation of USD 3.0 Billion in 2024, driven by integration with renewable energy systems. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.2% between 2024 and 2034, and reaching a total valuation of approximately USD 5.0 Billion by 2034. Beyond portable generators, there …
FMI Study States Global Hot and Cold System Market Share to Exceed USD 41.0 Billion by 2034, Driven by 6.7% CAGR Growth
The global hot and cold system market size is poised for significant growth, attaining USD 21.4 billion in 2024. The hot and cold system demand is expected to experience a CAGR of 6.7% from 2024 to 2034. By 2034, the market revenue of hot and cold systems is anticipated to reach a valuation of USD 41.0 billion. The need for efficient temperature-regulating …
Global Offshore Wind Market Revenue Share is Expected to Reach USD 325 Billion by 2034, Expanding at a 21.4% CAGR | FMI Projection
The offshore wind market is expected to grow significantly, reaching a CAGR of 21.4% from 2024 to 2034. This growth is driven by global demand for renewable energy, advancements in offshore wind technology, and government policies. Innovations in turbine design, grid integration solutions, and financing mechanisms are expected to further drive sustainable energy futures. Offshore wind projects increased awareness …
FMI States Global Selective Laser Sintering Equipment Market Size to Exceed USD 4.2 Billion by 2033, Driven by Robust 18.6% CAGR Growth
The global selective laser sintering (SLS) equipment market revenue is anticipated to reach USD 4.2 billion by 2033, up from USD 765 million in 2023. Future Market Insight estimated a remarkable CAGR of 18.6% for the market between 2023 and 2033. SSLS 3D printing technology is capable of producing complex and customized products with unparalleled accuracy and …
FMI Analysis Affirms Global Low Voltage Motor Control Center Market Share to Exceed USD 10 Billion Valuation by 2034, with 8.1% CAGR
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 Terrain Awareness and Warning System Market Revenue Share to Surpass USD 415 Million by 2033, Growing at 4.7% CAGR
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 …
USA Hydrogen Electrolyzer Market Revenue Forecasted to Surpass 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 States Global Lined Valve Market Size Predicted to Reach USD 5.1 Billion by 2034, Expanding at a 4.1% CAGR Growth
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 Analysis Affirms Global Commercial Panini Grill Market Share Estimated to Reach USD 16.7 Million by 2033, Driven by 4.9% CAGR
The global commercial panini grills market is projected to increase at a CAGR of 4.9% during the forecast period between 2023 and 2033, reaching a total of USD 16.7 Million in 2033, according to a report from Future Market Insights (FMI). Growth in sales and profits increased at a CAGR of 3.4% between 2018 and 2022. Due …