Latest Market Trends's Blog – September 2023 Archive (95)

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Low Voltage Motor Market Forecast, Trends, Growth Outlook and Segments By 2032

In a world driven by industrialization and the relentless pursuit of efficiency, low-voltage motors are emerging as the unsung heroes of the manufacturing landscape. With a projected demand of US$ 75 billion by 2032, these energy-saving marvels are poised to reshape the way industries operate. The industry is predicted to grow at 5.2% CAGR within forecast period.



Low-voltage motors, operating at voltages below 1000V and packing up to 1000 KW of power, are the vanguards of energy… Continue

Added by Latest Market Trends on September 25, 2023 at 2:08pm — No Comments

Wedge Wire Screen Market Size, Revenue Share, Drivers & Trends Analysis, 2032

In the year 2021, the global wedge wire screen market achieved a notable feat, amassing a valuation of US$ 0.68 billion. This promising trajectory is projected to persist, with a forecasted Compound Annual Growth Rate (CAGR) of 4%, propelling the market to a value of US$ 1.05 billion in the year 2032. This upward trend is intricately attributed to the distinct attributes of wedge wire screens that render them a coveted solution in various applications.



Wedge wire screens, known for… Continue

Added by Latest Market Trends on September 25, 2023 at 2:00pm — No Comments

Marine Base Steering Gear Market Revenue Share Analysis, Region & Country Forecast, 2032

The global marine base steering gear market, which registered a valuation of approximately US$ 1.6 billion in 2020, is poised for consistent growth, projecting a steady Compound Annual Growth Rate (CAGR) of 5% during the forecast period spanning from 2022 to 2032. The driving force behind the demand for marine base steering gear stems from the robust expansion of the global maritime industry.



With a history dating back to antiquity, marine base steering gears have remained an… Continue

Added by Latest Market Trends on September 25, 2023 at 1:59pm — No Comments

Membrane Air Dryers Market Size, DROT, Porter’s, PEST, Region & Country Revenue Analysis & Forecast Till 2032

Anticipated to achieve a significant milestone, the global membrane air dryers market is forecasted to surpass the valuation of US$ 1,200 million by the conclusion of the year 2032. Spearheading this trajectory, the sales figures for membrane air dryers were projected to reach an impressive US$ 730 million by the year 2022. This trajectory is characterized by a robust Compound Annual Growth Rate (CAGR) of 6.5% over the forecast duration spanning from 2022 to 2032. A pivotal catalyst driving… Continue

Added by Latest Market Trends on September 25, 2023 at 1:54pm — No Comments

Food Sorting Machines Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2032

The global food sorting machines market is poised for a substantial surge, projected to attain a valuation surpassing US$ 1.5 billion in the year 2022. This remarkable growth trajectory is attributed to the escalating worldwide demand for packaged food products, a trend projected to catalyze sales at a commendable Compound Annual Growth Rate (CAGR) of 5% during the assessment period. As a result, the market's dimensions are anticipated to approach the significant benchmark of US$ 2 billion by… Continue

Added by Latest Market Trends on September 25, 2023 at 1:48pm — No Comments

Direct Drive Wind Turbine Market Revenue Growth, New Launches, Regional Share Analysis & Forecast Till 2032

The global direct drive wind turbine market is poised for significant growth, with projections indicating it will reach a substantial value of US$ 18.3 billion by the year 2032. This impressive expansion is forecasted to be driven by a remarkable Compound Annual Growth Rate (CAGR) of 16.2% from 2022 to 2032, surpassing the market's 2022 valuation of US$ 14.6 billion.



The driving force behind this growth lies in the pressing need to address key issues within the wind energy sector.… Continue

Added by Latest Market Trends on September 25, 2023 at 1:44pm — No Comments

Marine Hatch Covers Market Growth, Demand, Forecast, Key Players and Revenue Analysis By 2033

Anticipated to attain a valuation of US$ 157.5 million in 2023, the global marine hatch covers market is propelled by its substantial industry worth and versatile applications spanning diverse sectors. Fueling this growth trajectory, the market is poised to exhibit a robust Compound Annual Growth Rate (CAGR) of 7.6% from 2023 to 2033, culminating in a noteworthy valuation of approximately US$ 327.7 million by 2033.



Marine hatch covers serve a crucial role in safeguarding interior… Continue

Added by Latest Market Trends on September 14, 2023 at 3:25pm — 1 Comment

Mining Drill Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2033

In the realm of the global mining drill market, an estimated value of US$ 3.289 billion is anticipated for the year 2023. Projections for the trajectory ahead paint a picture of sustained growth, with an overall demand for mining drills poised to chart a steady path. A Compound Annual Growth Rate (CAGR) of 4.7% is envisaged between 2023 and 2033, culminating in a valuation of US$ 5.206 billion by the conclusion of 2033.



This upward momentum finds its roots in heightened mineral… Continue

Added by Latest Market Trends on September 14, 2023 at 3:17pm — No Comments

Electric & Hydraulic Wellhead Drives for Onshore Application Market Revenue Growth, Key Factors, Major Companies, Forecast To 2033

The global market for electric and hydraulic wellhead drives for onshore applications, is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 8.4% over the forecast period. As of 2023, the market is currently valued at US$ 180.9 million, with expectations to surge significantly.



Projections indicate that the market's worth will reach an impressive US$ 405.3 million by the year 2033. Experts at Future Market Insights have observed a historical CAGR of… Continue

Added by Latest Market Trends on September 14, 2023 at 3:11pm — No Comments

Clad Pipe Market Size, Growth Strategies, Competitive Landscape, Factor Analysis, 2033

The clad pipe market is set for significant expansion, projected to rise from its 2023 valuation of US$ 2,560.6 million to a robust US$ 3,938.7 million by 2033. Future Market Insights (FMI) anticipates a steady growth trajectory marked by a commendable Compound Annual Growth Rate (CAGR) of 4.4% throughout the forecasted period.



This upward trajectory is substantiated by key drivers propelling the global clad pipe market. These drivers include the critical need to protect pipelines… Continue

Added by Latest Market Trends on September 14, 2023 at 3:02pm — No Comments

Military Parachute Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast Till 2033

The military parachutes market is projected to experience a growth rate of 5.5% throughout the forecast period. The global market, starting at US$ 1.42 billion in 2023, is predicted to exceed US$ 2.43 billion by 2033.



The majority of military parachute sales are expected to be fueled by their application in diverse military operations, with the defense sector serving as the primary end-user industry in the market. Additionally, the augmented utilization of parachutes for activities… Continue

Added by Latest Market Trends on September 14, 2023 at 2:56pm — 1 Comment

Below 30 Hp Centrifugal Water Pump Market Revenue Growth, New Launches, Regional Share Analysis & Forecast Till 2032

The market for below 30 Hp centrifugal water pumps with a capacity is poised for substantial growth, projected to elevate from its 2022 value of US$ 37.1 million to an estimated US$ 68.95 million by 2032. This expansion is underpinned by a calculated Compound Annual Growth Rate (CAGR) of 5.3% forecasted by FMI throughout the envisaged period.



The driving forces behind this upward trajectory encompass several key factors. Notably, the demand for cost-effective and energy-efficient… Continue

Added by Latest Market Trends on September 13, 2023 at 11:06am — No Comments

Australia Conveyor Maintenance Market Revenue, Region & Country Share, Trends, Growth Analysis Till 2032

The Australia conveyor maintenance market is poised to achieve a projected market value of US$ 873.43 million by the year 2032, solidifying its presence on the global stage with a steady Compound Annual Growth Rate (CAGR) of 2.9% from 2022 to 2032. As of 2022, this market already commands a substantial revenue of US$ 675.29 million.



The analysis of the Australia conveyor maintenance market paints a growth narrative driven by the rapid proliferation of manufacturing units, industries,… Continue

Added by Latest Market Trends on September 13, 2023 at 11:01am — No Comments

North America Variable Frequency Drive Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2032

The North America variable frequency drive market is poised to achieve a noteworthy valuation of US$ 5,056.2 million by 2032. Currently standing at US$ 4,770 million in 2022, the market is projected to undergo a commendable Compound Annual Growth Rate (CAGR) of 6% throughout the forecast period. In the year 2021, the North America variable frequency drive market attained a valuation of US$ 4,500 million.



The market's upward trajectory is driven by a confluence of factors, including… Continue

Added by Latest Market Trends on September 13, 2023 at 10:56am — No Comments

Industrial Linear Accelerator Market Size, Share, Key Players, Growth Trend, and Forecast, 2032

The global industrial linear accelerator market is projected to achieve a value of US$ 2.98 billion in 2022, and this figure is anticipated to rise to US$ 5.49 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 6.3% during the forecast period. Notably, the market's historic CAGR stood at 4.5% from 2016 to 2021.



Rising demand for industrial linear accelerators can be attributed to their pivotal role in non-destructive testing, which enables the evaluation of… Continue

Added by Latest Market Trends on September 13, 2023 at 10:51am — No Comments

Industrial Fuel Filters Market A Competitive Landscape And Professional Industry Survey Till 2032

The global industrial fuel filters market is projected to reach US$ 784.3 million by 2032, growing from its valuation of US$ 476.8 million in 2022. The market is set to exhibit a steady CAGR of 5.1% throughout the forecast period. Notably, the market achieved a historical CAGR of 4.5% between 2016 and 2017.



The increasing adoption of industrial fuel filters is driven by factors such as the growing number of electric vehicles and the implementation of advanced automation fuel filters.… Continue

Added by Latest Market Trends on September 13, 2023 at 10:45am — No Comments

Urea Strippers Market Boosting The Growth Worldwide - Industry Dynamics And Trends, Efficiencies Forecast By 2032

The urea strippers market achieved a significant valuation of US$ 7,819.44 million in 2022. Looking ahead, the market is projected to maintain a steady growth rate of 2.4% from 2022 to 2032, driving it to a projected value of US$ 9,912.32 million by 2032.



The primary catalyst fueling market expansion during the forecast period is the increasing prevalence of urea strippers as a vital fertilizer solution. Beyond fertilization, their substantial utilization in non-fertilizer… Continue

Added by Latest Market Trends on September 13, 2023 at 10:38am — No Comments

Extrusion Equipment Market To Witness Increase In Revenues By 2032

The global market for extrusion equipment is poised to showcase steady growth with a compounded annual growth rate (CAGR) of 5.3% throughout the projected period. This trajectory is projected to lead to a substantial market value of US$ 8,764.6 Million by 2032, a significant rise from its valuation of US$ 5,243.7 Million in 2022.



The proliferation of extrusion equipment adoption is anticipated to gain momentum, propelled by a surging demand for extrusion-based products and a rapid… Continue

Added by Latest Market Trends on September 13, 2023 at 10:34am — No Comments

External Combustion Engine Market Present Scenario And The Growth Prospects With Forecast Upto 2032

Throughout the projected period, the external combustion engine market is poised to exhibit a promising Compound Annual Growth Rate (CAGR) of 3.9%. This trajectory is expected to result in a market value of US$ 604.3 million in 2022, soaring to US$ 889.0 million by 2032.



The surge in demand for external combustion engines is attributed to their unique operational principle, involving the compression of an external fuel through a heat exchanger or engine wall. Despite certain factors… Continue

Added by Latest Market Trends on September 13, 2023 at 10:29am — No Comments

Solar Microinverter Market Set To Record Exponential Growth By 2032

The Solar Microinverter Market report, authored by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—unveils profound insights and meticulous analysis of the Solar Microinverter market. Encompassing the research's ambit and essence, the report scrutinizes the driving determinants, market expanse, and predictive statistics for Solar Microinverter. It offers exhaustive breakdowns of revenue and shipment segments, with an extensive 10-year forecast till 2032.… Continue

Added by Latest Market Trends on September 13, 2023 at 10:24am — No Comments

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