A recently published study by FMI expects the global ammonium sulphate market to augment at a 7.5% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of USD 6.18 Billion is expected for the market. The demand for ammonium sulphate is growing owing to its increasing usage in the agricultural sector. …
Category Archives: Press Release
Global Micro CHP Market to Reach USD 2,522.5 Million by 2033, Growing at a 6.8% CAGR
The global micro CHP (Combined Heat and Power) market is expected to grow at a CAGR of 6.8% from 2023 to 2033, reaching a total valuation of approximately USD 2,522.5 million by 2033, up from USD 1,306.5 million in 2023, according to a recent study by Future Market Insights. Market growth is being driven by …
Global Composting Equipment Market to Reach USD 177 Million by 2033, Driven by Evolving Consumer Lifestyles
The global composting equipment market is projected to be valued at USD 124.3 million in 2023, with an anticipated growth rate of 3.6% CAGR, reaching USD 177 million by 2033. This growth can be attributed to shifts in consumer lifestyles. Composting equipment is utilized to produce fertilizer and rich soil conditioners (humus) from organic materials, …
Global High Voltage Switchboard Market Expected to Reach USD 5.0 Billion by 2033, Growing at a 5.3% CAGR
In 2023, the global high voltage switchboard market is anticipated to be valued at USD 3.0 billion, with consumption projected to grow at a CAGR of 5.3% from 2023 to 2033, reaching approximately USD 5.0 billion. This growth will be fueled by rising energy demands and increased needs in mining, power generation, and maritime applications. …
United States Beetroot Supplement Industry to Hit USD 317.9 Million by 2033
According to Future Market Insights (FMI), the United States beetroot supplement market value is expected to increase from USD 143.5 million in 2023 to USD 317.9 million by 2033. Over the projection period (2023 to 2033), sales of beetroot supplements in the United States are likely to rise at 8.3% CAGR. Beetroot is gaining attention for its potential to promote health and …
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Optoelectronic Transducers Market Expected to Reach USD 3.8 Billion by 2033, Growing at a 4.4% CAGR
The global optoelectronic transducers market is projected to reach USD 3.8 billion by 2033, up from USD 2.5 billion in 2023, growing at a CAGR of 4.4% during the forecast period. Optoelectronics is a rapidly evolving technology focused on the generation, detection, and control of light. The rising demand for optoelectronic transducers, which convert one …
Global Citrus Solvents Market to Reach USD 2.7 Billion by 2033, Reports Future Market Insights Inc
The global citrus solvents market is anticipated to reach USD 1.5 billion in 2022. The appeal of natural products is the main factor driving the market. With a CAGR of 5.5% from 2023 to 2033, it is anticipated to have produced USD 2.70 billion by 2033. Citrus solvents are widely used across various industrial sectors, primarily …
Compound Horse Feedstuff Market to Exceed USD 11,797 Million by 2033, According to FMI
The global Compound Horse Feedstuff Market is estimated to be valued at USD 9,354.7 Million in 2023. From 2023 to 2033, global demand for compound horse feedstuffs is likely to soar at 4.5% CAGR. Total market value at the end of 2033 is projected to reach USD 11,797.3 Million. Rising popularity of equestrian sports and increasing demand for high-nutritional animal feeds …
Whiskey Industry Valued at USD 270 Billion by 2033 with 12% Annual Growth, Says FMI
The whiskey market is anticipated to expand its roots at a steady CAGR of 12% between 2023 and 2033. The market is projected to have a market share of USD 270.09 billion by 2033 while it is likely to be valued at USD 84.3 billion in 2023. The consumption of spirits has increasingly overtaken beer and …
Global Stock Cubes Market Expected to Surpass USD 11.6 Billion by 2033 with a Robust 6.8% CAGR
According to Future Market Insights (FMI), the worldwide stock cubes market is valued at USD 7,184.5 Million in 2023 and it is anticipated to reach USD 11,606.0 Million by 2033. Over the next decade, global stock cubes demand is likely to increase at a CAGR of 6.8%. The global rise in demand for convenience foods is expected to drive growth in the …