The open air merchandisers and accessories market is poised for rapid expansion, with a projected valuation of US$ 1,813.6 million in 2023. Demonstrating a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033, as reported by Future Market Insights, the market is expected to exceed a noteworthy valuation of US$ 3,385.9 million by the …
Category Archives: Industrial News
FMI Study Predicts Global Prep Refrigerators Market Set to Gear Up for US$ 12.7 Billion Revenue Mark by 2033, Driving a Steady CAGR of 4.5%
The global prep refrigerators market is poised for substantial growth, with an anticipated valuation of US$ 8.2 billion in 2023 and a notable Compound Annual Growth Rate (CAGR) of 4.5% forecasted between 2023 and 2033. Fueled by a rising demand for eco-friendly refrigeration solutions, the market is projected to achieve a significant milestone, exceeding a valuation of …
FMI Analysis States Global Commercial Microwave Oven Market Valuation to Cross US$ 3,263.3 Million Mark by 2033, Driving a Steady 4.3% CAGR
The global commercial microwave ovens market is positioned for significant success in the year 2023, with an anticipated value of US$ 2,137 million. Future Market Insights projects substantial growth for this market, forecasting a steady Compound Annual Growth Rate (CAGR) of 4.3% between 2023 and 2033. This growth trajectory is expected to drive the market to an …
FMI Study Affirms Global Extrusion Equipment Market to Surpass US$ 8,764.6 Million Mark by 2032, Driving a Steady 5.3% CAGR Growth
The global extrusion equipment market is set to witness a substantial compound annual growth rate (CAGR) of 5.3% throughout the forecast period, with a targeted valuation of US$ 8,764.6 million by 2032, showcasing significant expansion from its 2022 value of US$ 5,243.7 million. The surge in demand for extrusion equipment across diverse industries can be attributed to …
FMI Research Forecasts Global External Combustion Engine Market to Exceed US$ 889.0 Million Valuation by 2032, Driving a Steady 3.9% CAGR
The global external combustion engine market is poised to experience a robust Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period. Initial projections suggest a market value of approximately US$ 604.3 million in 2022, with a significant ascent anticipated to achieve an estimated valuation of US$ 889.0 million by 2032. The heightened demand for external …
FMI Analysis Predicts Global Solar Microinverter Market Set to Cross US$ 5,716.0 Million Revenue by 2032, Driving an Outstanding 18.1% CAGR Growth
The global solar microinverter market is poised to achieve an impressive Compound Annual Growth Rate (CAGR) of 18.1% from 2022 to 2032, projecting a valuation surpassing US$ 5,716.0 million by the end of the decade. This remarkable surge not only reflects the increasing adoption of solar energy but also underscores the pivotal role that microinverters play in …
Global Screw Compressor Market Valuation to Exceed US$ 22.10 Billion by 2034, Driven by Steady 3.4% CAGR Growth | FMI Prediction
The screw compressor market is poised to achieve a projected value of US$ 22.10 billion by 2034, sustaining a steady annual growth rate of 3.4%. This growth is primarily fueled by the pervasive influence of automation trends, driving the industry to unprecedented levels of success. A significant contributing factor to the market’s evolution is the increasing demand …
FMI Analysis Predicts North America Residential Ball Valves Market to be Valued at US$ 554.1 Million by 2032, Driving 5.6% CAGR Growth
The North America residential ball valves market is poised for significant growth, with Future Market Insights (FMI) projecting a notable Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2032. By 2032, this dynamic market is anticipated to surpass a substantial valuation of US$ 554.1 million. The increasing demand for residential ball valves in North America …
FMI States Global Dynamic Positioning Systems Market Projected to Reach US$ 10.3 Billion by 2032, Driven by Strong 11.6% CAGR
The global dynamic positioning systems market is poised for significant expansion, with projections indicating it will surpass a valuation of US$ 10.3 billion by 2032. This reflects a robust Compound Annual Growth Rate (CAGR) of 11.6%, starting from its 2022 value of US$ 8.2 billion. A key driver propelling this substantial growth is the increasing demand for …
FMI Study Affirms Global Industrial Robots Market to Reach US$ 25,828.99 Million Valuation by 2033, Driven by an Outstanding 17.20% CAGR
The global industrial robots market is poised for exceptional growth, projected to exceed a valuation of US$ 25,828.99 million by 2033. Driving this remarkable expansion is a robust Compound Annual Growth Rate (CAGR) of 17.20%, starting from a 2023 valuation of US$ 5,282.40 million. A significant catalyst behind this surge is the innovative concept of Robot-as-a-Service (RaaS), …