The global low voltage cable market has witnessed remarkable growth, achieving a substantial valuation of US$ 135.3 billion in 2022. This upward trajectory is set to continue, with an anticipated value of US$ 144.5 billion by the end of 2023, showcasing robust year-over-year expansion. Looking ahead, the market is forecasted to experience a significant Compound Annual Growth …
Category Archives: Industrial News
FMI Study Affirms Global Industrial Counter Market Expected to Grow at a Steady CAGR of 4.1%, Set to Cross US$ 1,560 Million Revenue by 2033
The global industrial counter market is forecasted to reach an impressive valuation of US$ 1560.0 million by the year 2033, fueled by a steady Compound Annual Growth Rate (CAGR) of 4.1% from 2023 onwards. With an estimated worth of approximately US$ 1042.4 million in 2023, this market segment demonstrates a consistent trajectory of expansion, underpinned by its …
FMI Projection Reveals Global Industrial Planetary Gearbox Market Revenue to Surpass US$ 6.5 Billion by 2033, Driven by a Consistent 5.2% CAGR
The global industrial planetary gearbox market is poised for significant expansion, with an anticipated valuation of US$ 6.5 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033. A key driver behind this growth is the increasing demand for precision gearboxes, particularly within the cement industry. The cement sector’s …
Global Cutting and Bending Machine Market Value to Cross US$ 16,383.6 Million by 2032, Riding a Decent 7.1% CAGR | FMI Analysis
The global cutting and bending machine market expects a valuation of US$ 16,383.6 million by 2032, driven by a robust Compound Annual Growth Rate (CAGR) of 7.1%. Initially valued at US$ 8,238.3 million in 2022, the market is experiencing heightened demand across sectors such as automotive, aerospace, electronics, and construction. This growth is attributed to the widespread …
Global Sliding Bearings Market Predicted to Drive US$ 2,420.0 Million Revenue by 2033, Fueled by an Impressive 8.7% CAGR | FMI Analysis
The sliding bearing market is poised for significant growth, with a robust Compound Annual Growth Rate (CAGR) of 8.7% projected from 2023 to 2033, according to the latest report from Future Market Insights (FMI). This forward-looking projection not only indicates sustained demand for sliding bearings but also suggests an accelerated pace, with sales expected to surpass the …
Global Adaptive Optics Market Expected to Exceed US$ 14.5 Billion Revenue by 2033, Driven by an Outstanding 24.9% CAGR | FMI Analysis
The global adaptive optics market is poised for an extraordinary ascent, projected to surge from its 2023 valuation of US$ 1.6 billion to a staggering US$ 14.5 billion by 2033. This remarkable trajectory underscores the increasing significance of adaptive optics technology on a global scale. Undergoing a transformative journey, the adaptive optics market is buoyed by recent …
FMI Predicts Global Atomic Clock Market Revenue to Surpass Valuation of US$ 1048.4 Million by 2033, Driven by a Consistent 7% CAGR
The global atomic clock market, which reached a significant milestone of US$ 494.6 million in 2022, is forecasted to surpass US$ 531.7 million in 2023. Looking forward to the period spanning from 2023 to 2033, the market is expected to witness a robust Compound Annual Growth Rate (CAGR) of 7.0%. This steady growth trajectory is projected …
FMI Study Reveals Global Access Control and Authentication Market to Cross Valuation of US$ 28.1 Billion by 2033, Growing at a Decent CAGR of 7.6%
The access control and authentication market is on a trajectory to achieve a significant valuation of over US$ 28.1 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 7.6% from 2023 onwards. This remarkable expansion is primarily attributed to the critical role played by authentication platforms in establishing and verifying individuals’ legal identities, …
Global Galley Equipment Market Valuation to Surpass US$ 16.8 Billion Mark by 2033, Driven by Steady 5.3% CAGR | FMI Analysis
The galley equipment market is poised for a notable upward trajectory, propelled by a robust projected Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2033. This sustained growth has garnered significant interest among industry stakeholders, anticipating the market’s valuation to reach an impressive US$ 16.8 billion by 2033. Often underestimated yet fundamentally vital to the …
Hotel Ice Dispensers Market worth US$ 7,143.6 million by 2033
Global hotel ice dispenser market is likely to reach a valuation of US$ 3,700 million in 2023. According to Future Market Insights, the market is expected to grow at a 6.8% CAGR from 2023 to 2033, anticipated to be valued at US$ 7,143.6 million by the end of 2033. Increase in electricity costs and environmental concerns, the …
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