According to a recent FMI study, the solenoid valve market is anticipated to reach USD 4.5 billion in 2023. The market is projected to grow at a CAGR of 4.5% from 2023 to 2033, reaching USD 6.9 billion by 2033.
Strict regulations in the food and beverage and medical industries, especially in developed countries, are propelling the demand for solenoid valves in their production process. Additionally, today’s technology-driven environment is giving momentum to automation in several…
Continue
Added by Latest Market Trends on August 9, 2024 at 2:51pm —
No Comments
In 2022, the global liquid filtration market achieved sales revenue of USD 2.5 billion. Projections indicate a robust increase in demand, with a compound annual growth rate (CAGR) of 7.9% expected from 2023 to 2033. The latest analysis forecasts substantial market expansion, with the global liquid filtration market size anticipated to grow from USD 2.7 billion in 2023 to USD 5.8 billion by 2033.
Polymer is poised to maintain its position as the predominant fabric material used in…
Continue
Added by Latest Market Trends on August 9, 2024 at 2:42pm —
No Comments
The reference designs market is expected to be valued at USD 24.6 billion in 2023. The market is expected to reach USD 71.8 billion by 2033, rising at an 11.3% CAGR. Demand for these designs is driven by the many elements that influence the growth trajectory of the reference design industry. The reference design business is primarily driven by the rapid rate of technical advancement.
With continuous innovations in areas like semiconductor design, embedded systems, and software…
Continue
Added by Latest Market Trends on August 9, 2024 at 2:26pm —
No Comments
The MEMS oscillator market is anticipated to increase at a 9.8% CAGR between 2024 and 2034, from USD 1.45 Billion in 2024 to USD 568.76 Million by 2034, according to a recent analysis. The market is growing due to miniaturization trends and MEMS technology improvements, which are meeting the growing need for dependable, energy-efficient, and compact timing solutions in electronic devices. The sector is rising due to the increasing usage of mobile devices and the Internet of…
Continue
Added by Latest Market Trends on August 9, 2024 at 1:54pm —
No Comments
The global Cylindrical Grinders Market is poised for substantial growth, with a projected value of USD 3.0 billion by the year 2023. Over the following decade, from 2023 to 2033, the demand for cylindrical grinders is forecasted to witness a steady ascent, with sales expected to surge at a compound annual growth rate (CAGR) of 4.8%. By the conclusion of 2033, the total market valuation is anticipated to soar to USD 4.8 billion.
Cylindrical grinders are indispensable tools used for…
Continue
Added by Latest Market Trends on August 8, 2024 at 1:28pm —
No Comments
The global flow meters market revenue is anticipated to reach USD 13.2 billion by 2033, up from USD 8.1 billion in 2023. Future Market Insights is estimated to secure a CAGR of 5.0% for the market between 2023 and 2033.
Flow meters are used in a wide range of industries, including oil and gas, water and wastewater, chemical, and pharmaceuticals, among others. The market expansion is anticipated to be fueled by the rising demand from these industries. Flow meters are the ideal…
Continue
Added by Latest Market Trends on August 8, 2024 at 1:20pm —
No Comments
The global market for fire sprinkler systems is expected to reach USD 12,973.4 million USD in 2023. The market is expected to be valued at USD 22,695.8 million by 2033, growing at a CAGR of 5.9%.
The market has grown in prominence as the residential and commercial construction sectors have expanded. This tendency is expected to drive up demand for fire sprinkler systems. Another element driving global fire sprinkler system adoption is the development of stringent requirements for…
Continue
Added by Latest Market Trends on August 8, 2024 at 1:14pm —
No Comments
The global selective laser sintering (SLS) equipment market revenue is anticipated to reach USD 4.2 billion by 2033, up from USD 765 million in 2023. Future Market Insight estimated a remarkable CAGR of 18.6% for the market between 2023 and 2033.
SSLS 3D printing technology is capable of producing complex and customized products with unparalleled accuracy and precision. The demand for customized and complex parts is increasing across various industries. More effective and affordable…
Continue
Added by Latest Market Trends on August 8, 2024 at 1:04pm —
No Comments
The market for transformer tap changers and voltage control relays is anticipated to be worth more than USD 2357.1 Million by 2033. It is predicted to increase by 4.9% yearly.
Over the course of the projection period, sales of transformer tap changers and voltage control relays are expected to grow at a respectable CAGR of 4.9%. The market is predicted to reach its peak value of USD 2357.1 Million in 2033.
The market for high-power transformers is expanding rapidly as a…
Continue
Added by Latest Market Trends on August 8, 2024 at 12:56pm —
No Comments
The USA hydrogen electrolyzer market is poised for remarkable growth, with projections indicating a robust CAGR of 23.8% from 2023 to 2033. By 2033, it is expected to attain a valuation of approximately USD 790.8 million, marking substantial expansion from the anticipated valuation of around USD 93.2 million in 2023.
Notably, the demand for polymer electrolyte membrane (PEM) electrolyzers is anticipated to play a pivotal role, contributing to over 45% of the market value share by…
Continue
Added by Latest Market Trends on August 8, 2024 at 12:48pm —
No Comments
The East Asia safety and process filter industry value is forecast to increase from USD 7,075.7 million in 2024 to USD 14,722.5 million by 2034. Over the assessment period, demand for safety and process filters in East Asia is projected to grow at a CAGR of 7.6%.
Expansion of end-use industries like shipyards, refineries, petrochemical and chemical plants, fuel storage facilities, and environmental engineering is projected to be one of the key growth factors influencing the safety…
Continue
Added by Latest Market Trends on August 8, 2024 at 12:31pm —
No Comments
According to FMI study, global curing ovens market is expected to exceed valuation of USD 4332.10 million in 2024. The curing oven sales are proficient to acquire the worth and hit USD 6871.90 million by 2034 as these trends gain momentum and become prevalent. This reflects a moderate CAGR of 4.80% from 2024 to 2034.
The global curing oven market sustains remarkable growth during the forecast period. The market is thrust by diverse factors, like the boosting adoption of curing ovens…
Continue
Added by Latest Market Trends on August 7, 2024 at 2:13pm —
No Comments
The gem faceting machine market demonstrated robust growth in 2024, surging to USD 849.8 Million. It is poised to witness further expansion, reaching an estimated USD 1,270 Million by 2034. Forecasts indicate a steady upward trajectory, with a CAGR of 4.10% from 2024 to 2034. The rising demand for customized gemstones, especially in jewelry and luxury goods, fuels the need for high-precision faceting machines.
Technological advancements in gemstone cutting and polishing equipment…
Continue
Added by Latest Market Trends on August 7, 2024 at 2:05pm —
No Comments
The enclosed motor starter market value is projected to reach USD 1,822.7 Million in 2024, and by 2034, it is expected to grow to USD 2,865.9 Million. The rise in industrial automation has contributed to innovations in the enclosed motor starter market with a 4.63% CAGR through 2034, resulting in more efficient motor control. These starters are essential components in automated manufacturing systems.
The increasing demand for energy-efficient solutions in the manufacturing and…
Continue
Added by Latest Market Trends on August 7, 2024 at 1:58pm —
No Comments
The casing pipe market value is expected to rise from USD 12,939.30 Million in 2024 to USD 22,738.90 Million by 2034. This market is analyzed to expand at a CAGR of 5.80% over the next decade.
Growing demand for structural steel pipes and tubes in multinational markets is spurring market growth. The market value is further expected to improve owing to hefty government expenditure on infrastructure apart from public and private capex.
Increasing demand for casing pipes from…
Continue
Added by Latest Market Trends on August 7, 2024 at 1:51pm —
No Comments
According to Future Market Insights (FMI), the global elevator control panelboard market is expected to reach USD 15.83 billion by 2034. This growth trajectory is mostly recognized by the surging demand within the residential end-use industry, which is undergoing an extraordinary surge in activity and development. Over the forecast period, global demand for elevator control panelboards is projected to surge at a CAGR of 6.1%.
The residential sector is a key driver behind the…
Continue
Added by Latest Market Trends on August 7, 2024 at 1:42pm —
No Comments
The low voltage motor control center market is estimated to be worth USD 4.6 billion in 2024 and is projected to be valued at USD 10 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 8.1%.
Growing urbanization and industrialization in emerging economies are expected to create opportunities for low-voltage motor control center market expansion due to increased demand for electric distribution solutions and increased infrastructural…
Continue
Added by Latest Market Trends on August 7, 2024 at 1:34pm —
No Comments
The low voltage protection and control market is anticipated to be valued at USD 18 Billion by 2024. The market valuation is expected to be USD 32.7 Billion by 2034, projected at a CAGR of 6.1%.
The expansion in the market for low voltage protection and control is rising due to several causes. The surge in the need for dependable and effective electrical infrastructure in sectors like industry, construction, and utilities is one of the main drivers.
Advancements in…
Continue
Added by Latest Market Trends on August 7, 2024 at 1:27pm —
No Comments
The lined valve market is expected to be valued at USD 3.4 Billion by 2024. The market valuation is registered to be USD 5.1 Billion by 2034, projected at a CAGR of 4.1%.
The growth in the need for corrosion-resistant valves in sectors like water treatment, chemical processing, and oil and gas extraction is a major motivator. Lined valves for industrial facilities have a protracted lifespan with lower maintenance costs due to their better tolerance for corrosive substances, achieved…
Continue
Added by Latest Market Trends on August 6, 2024 at 3:54pm —
No Comments
The offshore wind market is expected to grow significantly, reaching a CAGR of 21.4% from 2024 to 2034. This growth is driven by global demand for renewable energy, advancements in offshore wind technology, and government policies. Innovations in turbine design, grid integration solutions, and financing mechanisms are expected to further drive sustainable energy futures.
Offshore wind projects increased awareness of climate change and prompted a shift towards renewable energy sources…
Continue
Added by Latest Market Trends on August 6, 2024 at 3:42pm —
No Comments