Power transformers are indispensable elements in electrical infrastructure, facilitating the transmission and distribution of electricity across vast networks. The power transformer market is projected to grow at a 5% CAGR, with a global market value of US$ 24.1 billion in 2023. According to Future Market Insights (FMI), the market is anticipated to surpass US$ 39.3 billion …
Category Archives: Research Insights
Robotic Grippers Market Surges to US$ 4.3 billion by 2033
The robotic gripper market is estimated to secure a valuation of US$ 1.7 Billion in 2023 and is projected to reach US$ 4.3 Billion by 2033. The market is estimated to thrive at a CAGR of 9.4% during the forecast period. How are Developing Countries Performing their Role in the Global Market? Developing countries are capturing huge …
Continue reading “Robotic Grippers Market Surges to US$ 4.3 billion by 2033”
Collaborative Robots Market Analysis: Industry Soars to US$ 20.5 billion by 2033
Collaborative robots, also known as cobots, are transforming the landscape of industrial automation with their ability to work alongside humans safely and efficiently. The global collaborative robots market is projected to record a high-paced CAGR of 25.1% during the forecast period. The current valuation of the collaborative robots market is US$ 2.2 billion in 2023 …
Continue reading “Collaborative Robots Market Analysis: Industry Soars to US$ 20.5 billion by 2033”
Underground Mining Equipment Market Value Surges to US$ 20.55 billion by 2033
The underground mining equipment market is poised for steady growth, projected to exhibit a moderate CAGR of 2.3% over the forecast period. Despite the lower growth rate, the market is expected to achieve significant milestones in terms of revenue generation. In 2023, the underground mining equipment market is forecasted to reach a revenue of US$ …
Continue reading “Underground Mining Equipment Market Value Surges to US$ 20.55 billion by 2033”
Building Automation Systems Market Growth: Industry to Rise US$ 96,264 million by 2033
Building Automation Systems (BAS), also known as Building Management Systems (BMS) or Energy Management Systems (EMS), are sophisticated networks of hardware and software designed to monitor and control a building’s mechanical and electrical equipment. These systems optimize building performance, enhance occupant comfort, and improve energy efficiency. The Building Automation Systems Market size is projected to be valued …
Passenger Boarding Bridge Market Value Surges to US$ 4.43 billion by 2033
Throughout the forecast years until 2033, the global passenger boarding bridge market is anticipated to develop at a CAGR of 8%. In 2023, the net worth of all available passenger jet bridges for sale globally is estimated to be US$ 2.05 billion. The passenger boarding bridge market analysis report by FMI further predicts the market …
Continue reading “Passenger Boarding Bridge Market Value Surges to US$ 4.43 billion by 2033”
Consumer Appliances Market Sales: Industry Projected US$ 679.8 billion by 2033
According to a Future Market Insights (FMI) report, the global Consumer Appliances Market size is likely to be valued at US$ 437.8 Billion in 2023. The increasing demand for infrastructural development and construction activity is driving market growth. The market is estimated to garner US$ 679.8 Billion in 2033, recording a CAGR of 4.5% from 2023 to …
Continue reading “Consumer Appliances Market Sales: Industry Projected US$ 679.8 billion by 2033”
Carbon Brush Market Size Surges to ~US$ 4,503.6 million by 2033
Carbon brushes play a crucial role in various electrical applications, including motors, generators, and power tools. Sales in the global Carbon Brush Market are slated to top US$ 2.7 Billion in 2023. Expanding at a healthy 3.8% CAGR, the market size is projected to total US$ 3.6 Billion by 2033. The market is anticipated to experience an …
Continue reading “Carbon Brush Market Size Surges to ~US$ 4,503.6 million by 2033”
Backflow Preventers Market Set to Surpass US$ 13.8 billion by 2033
Backflow preventers are crucial components of plumbing systems designed to ensure the safety of potable water supplies. These devices work by preventing the reverse flow of contaminated water back into the main water supply lines, thus safeguarding against the risk of water contamination and ensuring water quality standards are maintained. Backflow preventers are commonly installed …
Continue reading “Backflow Preventers Market Set to Surpass US$ 13.8 billion by 2033”
High Speed Steel (HSS) Market Soars to US$ 10.6 billion by 2033
High-speed steel (HSS) is a type of tool steel renowned for its exceptional hardness, wear resistance, and ability to retain its cutting edge at elevated temperatures. The high-speed steel (HSS) tools market experienced substantial growth, reaching a valuation of US$ 5.6 billion in 2022. Future Market Insights predicts a robust compound annual growth rate (CAGR) …
Continue reading “High Speed Steel (HSS) Market Soars to US$ 10.6 billion by 2033”