New Product Development
Global demand for low-voltage motors is expected to be worth US$ 39.1 billion in 2022, rising at a CAGR of 6.7 percent to US$ 75 billion by 2032. Extensive industrialization in a variety of sectors, as well as the ability to reduce the likelihood of equipment failure, will provide excellent opportunities for growth in the low-voltage motors …
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The global market for binoculars and mounting solutions is expected to reach $8.6 billion by 2022. It is expected to grow at a CAGR of 3.8 % and surpass US$ 11.4 billion between 2022 and 2032. The rising standard of living in various developing countries, as well as increased spending on luxury items, are expected to drive demand for binoculars …
During the forecast period of 2022 to 2032, demand for galvanic isolation is expected to grow at a moderate CAGR of around 5.2 percent. The observed growth can be attributed to rising demand from various industries such as telecommunications, healthcare, and manufacturing. In addition, galvanic isolation can be used in medical imaging devices, UPS, and …
The global blind spot detection market size was valued at US$ 1.9 Bn in 2021. Sales of blind spot detection systems are forecast to increase at a stupendous 13.9% CAGR, with the market valuation reaching US$ 8.1 Bn by 2032. Several commercial vehicles are large in size and despite being well-equipped with mirrors, they have poor visibility which increase …
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The global hammer mill market is estimated to expand at a CAGR of 4.3%, reaching a valuation of more than US$ 1,106 Mn by 2032. Hammer mills are good for breaking down hard, dry materials like straw, maize cobs, wood chips, and other fibrous materials. They are suitable for use in residential areas due to their low vibration and noise levels, …
The global test and measurement equipment market is predicted to witness a moderate CAGR of 5.6% during the forecast period of 2022 to 2032. The test and measurement equipment market share is estimated to be worth US$ 32 Billion in 2022, with a possibility of reaching a total valuation of US$ 54.9 Billion by 2032. Government mandates …
According to the market analysis report by Future Market Insights (FMI), the electronic equipment repair service market is forecasted to reach a net worth of US$ 228.2 Bn in 2032 growing up from US$ 110.9 Bn in 2021. It is estimated to witness an impressive CAGR of 6.5% through these years. With the improving economic conditions and …
Global Emulsion Explosive Market to grow with a year-on-year growth of 5.1% in 2022 reaching a value of about US$ 2,634.3 Mn by 2022 end. The global Emulsion Explosive Market is anticipated to witness a considerable value CAGR of 4.9% during the period of 2022 and 2028. Over the forecast period of 2022–2028, the emulsion explosive …
The global Residual Current Circuit Breaker Market is expected to reach $3,411.6 million by 2028, at a CAGR of 6.7 percent. The industry is expected to be worth $2,305.9 million in 2022. According to FMI’s most recent research, the global residual current circuit breaker market grew at a CAGR of 6.5 percent between 2017 and 2021. The …
Industrial sewing machines are used in the commercial manufacturing of bags, car upholstery, furniture products, garments, apparels, and shoes, among others. These industrial sewing machines are heavy-duty as compared to domestic sewing machines. With the aim of achieving high quality performance from industrial sewing machines, any model of an industrial sewing machine generally has a …