The motor winding repair service market is set to showcase growth at a CAGR of 5% during the forecast period. The global motor winding repair service market is likely to project a market revenue of US$ 7,832.5 Mn in 2022, and is anticipated to cross US$ 12,780 Mn by 2032. Usually copper uses as wind material owing to high heat resistant, moisture resistant, and resistant to smoke …
Category Archives: Press Release
Europe Is Currently Dominating The Global Optical Current Transformer Market With A Share Of 34.7% | FMI
The global optical current transformer market is forecasted to be valued at US$ 322.7 Mn by 2032, up from US$ 145.4 Mn in 2022, advancing at a CAGR of 8.3% during the forecast period. The dispensable requirement of oil and gas insulation promotes the growth of the optical current transformer market share. Demand for optical current transformers sustains due to their lighter …
Residential Boilers Market Is Projected To Increase At A Rate Of 5.4% CAGR During The Forecast Period (2022-2032) | FMI
According to Future Market Insights, the global residential boiler market is anticipated to grow significantly during the forecast period (2022-2032). This due to increasing demand for advanced home appliances in residential sector across the globe. Demand for residential boilers is anticipated to be driven by the growing demand from real estate sector in the U.S., Germany, India, …
Japan Is Forecast To Continue Dominating The Global Mining Shovel Market Between 2022 And 2032
The global mining shovel market is estimated to create an absolute dollar opportunity of over US$ 10 Bn by the end of 2032. The sales of mining shovels are expected to reach around US$ 7.8 Bn by 2022, exhibiting growth at 2% to 3% CAGR during the forecast period 2022-2032. Increasing emphasis on the development and introduction …
Demand In The Asia Pacific Automatic Fire Suppression System Market Is Expected To Remain High Over The Forecast Period | FMI
The global automatic fire suppression system (AFSS) market size is forecast to surpass US$ 17 Bn in 2022. Rising concerns regarding the safety of working professionals in industrial and commercial sectors are expected to boost sales at a 5% CAGR over the assessment period. The system is easily integrated with the vehicles, due to its low weight. Automatic fire suppression system is also …
Sales In The Power Stacker Market Are Projected To Increase At 5.5% CAGR Between 2022 And 2032
The power stacker market is expected to grow at a CAGR of 5.5 percent. The market is expected to grow due to the increasing use of power stackers in distribution units, general material handling, and warehousing. According to the study, the power stacker market would be worth more than $2 billion by 2022. Future Market Insights, …
Demand For Industrial Cybersecurity Solutions In Asia Pacific Is Expected To Increase At The Fastest Rate During The Anticipated Period By 2022-2032
As per the high-quality report of FMI, the industrial cyber security market is predicted to increase at a CAGR of 7.7%, from USD 20.7 billion in 2022 to USD 29.99 billion in 2027. The driving factors of increased demand for industrial cyber security products in the power industry. The pandemic caused chaos in the global economy at the start of 2020, causing unprecedented chaos and …
Bulk Material Handling System Market Historic Outlook In Comparison to 2021 – 2031 Forecasts | FMI
Global bulk material handling system sales are expected to increase from 13,000 units in 2021 to over 14,000 units by the end of 2031. According to Future Market Insights (FMI), the bulk material handling system market revenue is expected to reach $5.1 billion in 2021. The incorporation of remote user connectivity and interface in equipment, as well …
Asia Pacific Market for Industrial Boilers to Offer Tremendous Revenue Growth Potential | FMI
With increasing emphasis given to low degree of harmful gas emissions, the key players in the industrial boilers market are focusing on upgrading and enhancing their portfolios to ensure abidance to the same. For example, Cochran, an industrial boilers market player, switched from using oil to LNG for space heating at its Scotland site for facilitating developments …
Fault Current Limiter Market Demand for Renewable and Energy-Efficient Supply to Fuel Supply | FMI
Fault current limiter market is expected to be an emerging market where manufacturers are offering prototypes for verification and testing purposes, by distributors in U.S. and U.K. This step has taken place as the existing technologies fail to fulfil the demands and market needs. Ability to transit into highly resistive state during critical fault stages is …