The advanced process control market is expected to grow at a 9.31 % CAGR during the forecast period. The constant rise in user demand, as well as the adoption of best practises to improve production and quality, as well as advanced automation and process controls, has resulted in significant growth in the APC system. However, it requires …
Category Archives: Press Release
Vertical Turbine Pumps Market Is Expected To Garner A Market Value Of US$ 40.72 Billion In 2032
The Vertical Turbine Pumps market had a market value of US$ 25 billion in 2022 and is expected to have a market value of US$ 40.72 billion in 2032, with a CAGR of 5% from 2022 to 2032. Rapid urbanisation and rising demand for wastewater treatment are driving market growth. Vertical turbine pumps are classified as a …
Growth of the Aviation Test Equipment Market Will Expand At A CAGR Of 4.3%-FMI
The Growth of the Aviation Test Equipment Market is expected to reach $9.8 billion by 2032, growing at a CAGR of 4.3 percent. In 2022, total sales of aircraft test equipment will reach US$8.0 billion. Increased R&D activities aimed at developing technologically sophisticated products in the aerospace and military industries are likely to stimulate demand for aviation test equipment. Aviation …
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Traction Motors Market – Major Revenue Gains are Expected by 2032
In 2022, traction motor sales on a global scale were estimated to be 11.7 billion. Between 2022 and 2032, the overall demand is anticipated to grow at a CAGR of 13.0%, exceeding a valuation of 30.0 Billion. The market for traction motors has experienced growth, which may be attributed to the rising demand from a variety of …
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Global Absorbent Glass Mat (AGM) Battery Market Size Worth To Reach US$ 18 Billion In 2032
The global absorbent glass mat(AGM) battery market is estimated to garner US$ 18 Billion while exhibiting a 4.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 11.2 Billion in 2022. The number of research and development …
Environment Testing, Inspection, and Certification Market is Expected to represent a value over USD 23,000 Mn by the end of 2026: FMI
Future Market Insights states that the global market environment testing, inspection, and certification is projected to reflect a healthy CAGR over the forecast period, 2017-2026. The growth of the global environment testing, inspection, and certification market is mainly secured by various macro-economic and micro-economic factors. With the growing need to deliver product observation with the stringent standards and regulations …
EMC Shielding and Test Equipment Market to Reach US$ 11 Bn by 2032 with the Rapid Digitization of Various Sectors of Economy: FMI Report
According to Future Market Insights (FMI), the EMC shielding and test equipment market is forecasted to reach a net worth of US$ 11 Bn in 2032 from US$ 7.1 Bn in 2022. It is estimated to register a robust CAGR of 4.5% over the forecast years. Due to the surge in the use of consumer communication devices, there has been a rise in …
By 2032, Desiccant Wheel Market Is Anticipated To Reach US$ 708.4 Million: FMI
During the forecast period, the desiccant wheel market is anticipated to register a CAGR of 5.1 percent (2022 – 2032). The market for desiccant wheels is anticipated to be worth US$ 431.5 million in 2022 and US$ 708.4 million by 2032. As per the desiccant wheel market study, because of growing carbon dioxide levels and rising atmospheric temperatures, the general humidity content of the atmosphere has altered …
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Market For Hazardous Area Equipment Will Grow At A CAGR Of 5.2% From 2022 To 2032
In 2021, the market for hazardous area equipment was estimated to be worth US$ 8.84 billion. By 2032, it is anticipated to be worth US$ 15.43 billion, growing at a CAGR of 5.2 percent. Factors such as the growing importance of emerging economies result in the rise of a variety of industries that rely heavily on hazardous area equipment, which frequently …
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Building & Construction Segment Will Continue To Dominate The Global Biocomposites Market Says Future Market Insights, Inc.
The global Biocomposites Market is expected to increase at a robust CAGR of 16%, from US$ 25 Bn in 2021 to US$ 128 Bn in 2032. Over the forecast period, the global Biocomposites Market is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Bn in 2021, the biocomposites market is anticipated to reach US$ 128 Bn by 2032. The increased research and development …