Future Market Insights (FMI) predicted that the value of the electrical bushings market share would be US$ 2.5 billion by 2022. According to a recent market analysis report, from 2023 to 2033, it is predicted to grow at a CAGR of 4%. By the end of 2033, the market is expected to reach US$ 3.9 billion …
Category Archives: Press Release
Excitation Systems Market 2023 Future Analysis, Demand by Regions and Opportunities with Challenges 2033
The global excitation systems market will be valued around US$3.1 billion by 2023. FMI predicts that the market will expand at a 4.6% CAGR between 2023 and 2033, reaching $4.8 billion by 2033. Excitation systems are in great demand because to the ongoing expansion of end-use industries such as oil and gas, electricity, mining, chemicals, and others. …
Explosive Growth Forecast for IoT in Supply Chain Market: From $12.4 Billion in 2023 to $41.8 Billion by 2033
The worldwide IoT supply chain market is anticipated to be worth $41.8 billion by 2033. It is expected to be valued at more than $12.4 billion by 2023. The worldwide market is estimated to increase at a 12.9% CAGR between 2023 and 2033. Several factors contribute to the growing need for Internet of Things (IoT) in the …
India Power Metering Market Predicted to Reach USD 4,092.6 Million, Globally by 2033 at 11.1% CAGR: Future Market Insights, Inc.
The india power metering market is expected to surge at a CAGR of 11.1% between 2023 and 2033. As per a recent Future Market Insights (FMI) report, the market in India for power metering is expected to reach USD 1,423.2 million by 2023-end, and USD 4,092.6 million by the end of 2033. Increasing adoption of smart meters in India, driven …
Australia Conveyor Maintenance Market Share Estimated to Hit USD 873.43 Million by 2032, Driven by Steady 2.9% CAGR | FMI Study
The Australia conveyor maintenance market is positioned for robust growth, aiming for a projected valuation of USD 873.43 million by 2032, bolstered by a consistent compound annual growth rate (CAGR) of 2.9% from 2022 to 2032. With notable revenue reaching USD 675.29 million in 2022, the market underscores its current influence and untapped potential within the industrial …
Global Poultry Keeping Machinery Market Revenue Anticipated to Cross USD 7.7 Billion by 2033, Driven by Steady 4% CAGR
The poultry keeping machinery market is on a trajectory towards prosperity, currently valued at a substantial USD 5.2 billion as of 2023. Forecasts indicate a promising outlook, with the market set to experience significant growth at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033. This anticipated expansion is expected to culminate in an …
Global Heat Pump Market Share Forecasted to Hit USD 136.2 Billion by 2034, Surging at 10.2% CAGR | FMI Analysis
The global heat pump market is likely to capture a valuation of USD 51.6 billion in 2024 and reach USD 136.2 billion by 2034. The global market is anticipated to register a CAGR of 10.2% during the forecast period. Opportunities in the Heat Pump Market: Energy Transition Initiatives: Consumers are shifting towards clean, eco-friendly, and sustainable energy sources, bringing lucrative opportunities in the market. …
FMI Analysis Affirms Global Power Tool Market Share to Surpass USD 68,418.8 Million by 2034, Driven by a 6% CAGR Growth
The global power tool market is poised for significant growth, with projections indicating a market size of USD 36.04 billion in 2023, surging to an impressive USD 68,418.8 million by 2034, driven by a compelling Compound Annual Growth Rate (CAGR) of 6% over the forecast period from 2024 to 2034. This momentum is underpinned by several key …
FMI Study Indicates Global Solar Microinverter Market Size to Hit USD 5,716.0 Million Mark by 2032, Growing at 18.1% CAGR
The global solar microinverter market is poised to achieve an impressive Compound Annual Growth Rate (CAGR) of 18.1% from 2022 to 2032, projecting a valuation surpassing USD 5,716.0 million by the end of the decade. This remarkable surge not only reflects the increasing adoption of solar energy but also underscores the pivotal role that microinverters play in …
FMI Study States Global Centrifugal Pumps Market Size Projected to Surge Past USD 60 Billion by 2033, Registering a 6.2% CAGR
The centrifugal pumps market is currently assessed at approximately USD 33 billion for the year 2023, with a projected escalation to about USD 60 billion by the culmination of 2033. Anticipatedly, the uptake of centrifugal pumps is poised to make noteworthy progress, manifesting a Compound Annual Growth Rate (CAGR) of 6.2% throughout the envisaged period. A salient …