It is predicted that sales revenue will reach US$ 2 billion in 2021 with an astronomical CAGR of 10.1%. The transformer monitoring system market exhibited year-on-year growth of 10.9% in 2021, backed by increasing adoption of green transformers leading to up-gradation of associated monitoring system and growing emphasis on improving reliability of power grid. FMI states that, …
Category Archives: Press Release
Aircraft Ground Support Equipment Market Exhibiting Demand At A CAGR Of 6.5%: Future Market Insights Inc
According to Future Market Insights’ (FMI’s) most recent analysis, the market for aircraft ground support equipment will grow at a 6.5 percent CAGR between 2021 and 2031. By the end of 2021, the market is expected to be worth US$ 9.7 billion. A further prediction made by FMI is that the sales of ground support equipment for airports will surpass …
Fire Extinguishers In India Market Is Estimated To Rise At A CAGR Of 7.4% During The Forecast Period
As per a Future Market Insights’ (FMI) analysis, the fire extinguisher market is projected to be valued at over ~US$ 3.6 Bn in 2021, expanding at a CAGR of ~5.7% over the forecast period of 2021-2031. Increased industrial and commercial sector applications of fire extinguishers, along with the implementation of stringent regulations and building codes, are expected …
Refrigerated Display Cases Market To Grow At 5.5% CAGR By 2031-FMI
The report offers analysis in 20+ high-growth markets, providing detailed insights on Refrigerated Display Cases Market growth will evolve in the next decade. Increasing refrigerated display cases sales are set to enable the market’s valuation to reach US$ 9.5 Bn in 2021. Future Market Insights (FMI) in a study has predicted stable long-term growth for the market. …
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North American Barcode Scanner Industry Is Anticipated To Grow At A CAGR Of Almost 7%: FMI
The market Size for barcode scanners is anticipated to be worth US$ 7 Bn in 2021, according to recently released data from FMI. Between 2021 and 2031, the market is anticipated to expand at a CAGR of over 7.6 percent. Over the course of the assessment period, it is anticipated that the demand for barcode scanners will rise …
Food Service Equipment Market Is Projected Growth At 5.3% CAGR, According to FMI
The market for food service equipment is anticipated to grow to $43.9 billion in value. By 2032, the market is expected to be worth US$ 75.9 Bn thanks to demand that is expected to grow steadily at a rate of 5.6 percent CAGR. Evolving food industry trends and changing dynamics of manufacturing and delivering methods in the foodservice industry are …
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U.S. Accounted For More Than 77% Of The North American Oil & Gas Terminal Automation Market In 2022
The size of the global oil and gas terminal automation market was estimated at US$ 1258.0 Mn in 2021 and is predicted to reach US$ 1303.1 Mn in 2022. The overall demand for oil & gas terminal automation is also anticipated to increase at a 7.8% CAGR between 2022 and 2032, reaching a value of roughly US$ 2761.6 Mn by 2032 as a result …
By 2030, Heat Pumps Is Anticipated That APAC And North America Will Account For 73.9% Of Global Revenue
According to FMI, in the Asia Pacific region, heat pumps will dominate the market for, followed by North America. By the end of 2030, it is anticipated that APAC and North America will hold a combined revenue share of 73.9 percent of the global market. According to Future Market Insights (FMI), by the end of 2022, the heat pump …
According To Future Market Insights, Value Of The Lead Acid Battery Market Is Anticipated To Nearly Double By 2031
The lead-acid battery market valuation is expected to reach US$ 54.3 Bn in 2021. Future Market Insights (FMI) analysis has forecasted the lead-acid battery sales to increase at a 5.2% CAGR between 2021 and 2031. According to the study, the overall market valuation will top US$ 90.5 Bn by 2031. As per FMI, the demand for AGM batteries …
Lab Automation Market is likely to grow at a CAGR of 9.6% through 2027, reaching US$ 3 Billion by 2027
Dynamics of the Global Lab Automation Market Increasing incidences of life threatening diseases and injuries have led to increasing diagnostics procedures, worldwide. It is estimated that, the direct and indirect costs of diagnosis will increase over a period of time. The rising research and development activities in the field of molecular and genetics, biochemistry, microbiology, …