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 …
Category Archives: Press Release
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 …
Laundry Care Market is Anticipated to Have Produced USD 180.3 Billion by 2033 | FMI
In 2022, the anticipated size of the global laundry care market was close to USD 98.2 billion. The main factor driving the expansion of the worldwide market is the increasing need for laundry care goods due to the expanding population in emerging regions. Therefore, by 2023, it is anticipated to have reached USD 180.3 billion, alongside …
Home Decor Market is Reaching USD 394,715.7 Million by 2033 | Report By FMI
The home decor market is projected to register a valuation of USD 216,291.4 million in 2023 and reach up to USD 394,715.7 million by 2033. The global market is securing a CAGR of 6.2% during the forecast period. Manufacturers are Designing Customized Home Decor Solutions Manufacturers are designing customized home decor solutions as per consumers’ expectations. They …
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Baby Bath and Shower Products Market: Likely to Advance at a 7.2% CAGR by 2033
In 2023, the baby bath and shower products market size is estimated to be valued at USD 3 billion and is expected to surpass USD 6 billion by 2033. The adoption of baby bath and shower products is likely to advance at a CAGR of 7.2% during the forecast period. Trusted brand names are becoming increasingly important for customers …
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Colour Cosmetics Market: Booming to USD 87,916 Million by 2034 | Report By FMI
The colour cosmetics market is experiencing a meteoric rise, projected to reach a staggering US$ 87,916 million by 2034. This translates to a phenomenal CAGR of 4.8%, painting a picture of unprecedented growth. But what’s fueling this boom, and how can you capitalize on it? Here’s a glimpse into the key drivers shaping the colour cosmetics market: Fashion’s Ever-Changing …
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Cosmetic Pencil and Pen Market: Likely to Register a 7.5% CAGR by 2033 | FMI
In 2023, the cosmetic pencil and pen market would be worth US$ 2.8 billion and is expected to reach US$ 5.7 billion by 2033. Likely to register a 7.5% CAGR from 2023 to 2033. The high adoption of cosmetic products is expected to boost the growth of the cosmetic pencil & pen market over the forecast period. Collectively, Asia …
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South America Residential Water Treatment Equipment Market: Expected to Register a CAGR of 9.2% by 2026
By the end of 2016, the residential water treatment equipment market in South America was valued at over US$ 330 million. It is projected to experience a Compound Annual Growth Rate (CAGR) of 9.2% between 2016 and 2026. In terms of revenue, Brazil leads among all South American countries, followed by Argentina and Venezuela. Brazil is expected …