New Product Development
With a 28.3% share of the steel pipe market, North America has a significant impact. The pipeline network is expanding, energy and infrastructure projects are increasing, steel pipes are in greater demand in the vehicle industry, power plant capacity is increasing, and the oil and gas industry is booming, all of which are driving the steel pipe …
Continue reading “North America is Leading The Steel Pipe Market With a CAGR of 28.3%-FMI”
Construction activity in Europe is likely to pick up in 2017 and beyond, particularly in the residential sector, which is expected to raise demand for the heating system market in Europe and, as a result, surging the demand thermostatic radiator valves. With a market share of 27.0% by 2022, it is anticipated that Europe will rule the …
Global sales of smart pumps are set to be valued at over US$ 947.6 Mn in 2022, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at a 7.9% CAGR over the forecast period of 2022 to 2032. According to Future Market Insights, the market for …
Electromechanical pointer instruments are rapidly being replaced by instrument clusters with digital displays. Furthermore, in the future generation of automobiles, digital instrument clusters are expected to replace analog instrument clusters. The world’s instrument clusters are divided into three categories: digital, analog, and hybrid. The analog cluster is a traditional instrument panel with a physical dial and a …
Moreover, adoption of Industry 4.0 has influenced manufacturing firms to increasingly turn to asset tracking and monitoring technologies to efficiently track and monitor asset locations and their status. Image based barcode readers are the core devices for such activities. With the high penetration of extremely sophisticated smart phones, QR codes and bar codes are being used as …
Between 2022 and 2029, the market for CBRN protection equipment is expected to grow at a CAGR of 5.5 percent. According to Future Market Insights (FMI), the market for CBRN protection equipment will be worth US$ 8.3 billion by 2029. Greater emphasis of governments on enhancing safety of military forces constitutes a major push to global sales of CBRN protection equipment. Increasing production of bioweapons, bio-agents, as well as chemical weapons has strengthened the demand for CBRN filtration systems, integrated COLPRO systems, and decontamination shelter systems. Demand for personal protective equipment such as gloves, …
In 2022, it is expected that the market for fire hydrant systems will be worth US$1,344.2 Million. Sales of Fire Hydrant Systems are anticipated to increase at a CAGR of 3.2 percent from 2022 to 2032, reaching a value of US$ 1,846.3 Million. Because of increased service expectations from industrial and commercial clients, the global market for fire hydrant systems is expanding. Governments around the world have chosen to enforce strict fire safety regulations, resulting in an increase in demand for fire hydrant systems. The global market for fire hydrant systems is expected to grow at a …
According to an analysis by Future Market Insights (FMI), sales of large industrial displays will reach 110,000 units by 2031. It is anticipated that overall sales will increase steadily between 2021 and 2031 at a rate of 6.0 percent. Through the assessment period, the market for large industrial displays in North America will expand at a CAGR of about 5.8%. …
In 2022, the market for industrial condensing units is anticipated to be worth approximately US$11.75 billion. The market for industrial condensing units as a whole is projected to grow at a 5.2 percent CAGR between 2022 and 2028, reaching a valuation of US$ 15.95 Bn by 2028 due to burgeoning demand from various end-use sectors. As indicated by a recent research study presented …
In current competitive business environment cognitive data management solutions are playing an aquiline role in the growth of businesses, consumer, and government sectors. The huge spread of internet connectivity and massive growth of data usage are creating new business opportunities for the cognitive data management solution providers. The increasing demand for digitization in various industry …