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…
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Added by Latest Market Trends on August 7, 2024 at 2:05pm —
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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…
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Added by Latest Market Trends on August 7, 2024 at 1:58pm —
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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…
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Added by Latest Market Trends on August 7, 2024 at 1:51pm —
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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…
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Added by Latest Market Trends on August 7, 2024 at 1:42pm —
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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…
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Added by Latest Market Trends on August 7, 2024 at 1:34pm —
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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…
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Added by Latest Market Trends on August 7, 2024 at 1:27pm —
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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…
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Added by Latest Market Trends on August 6, 2024 at 3:54pm —
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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…
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Added by Latest Market Trends on August 6, 2024 at 3:42pm —
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The on-orbit satellite servicing market is expected to experience significant growth in the coming years. The market is expected to rise at a CAGR of 12.3% through 2034. The market is projected to reach a valuation of USD 8.8 billion by 2034, rising from USD 2.8 billion in 2024. Various factors drive this growth, including cost reduction, technological advancements, and sustainability efforts. Satellite operators are increasingly seeking on-orbit servicing as it helps extend the lifespan of…
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Added by Latest Market Trends on August 6, 2024 at 3:32pm —
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The global gravity conveyor system market value is forecast to increase from USD 484.5 Million in 2024 to USD 804.4 Million by 2034. Over the assessment period, global demand for gravity conveyor systems is projected to surge at a CAGR of 5.2%.
The gravity roller conveyor segment is expected to dominate the global gravity conveyor system industry through 2034. It will likely hold a volume share of 33.4% by 2024. On the other hand, the industrial machinery segment is set to thrive at…
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Added by Latest Market Trends on August 6, 2024 at 3:22pm —
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According to a Future Market Insights (FMI), the global chemical dosing equipment market is estimated to be valued at USD 1900.0 Million in 2024. Global chemical dosing equipment sales will likely increase at 5.2% CAGR during the forecast period, totaling USD 3154.4 Million by 2034.
Dosing pumps are expected to remain a highly sought-after product in the market. This can be attributed to their rising usage for accurately metering and delivering the desired chemical solutions. The…
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Added by Latest Market Trends on August 6, 2024 at 3:12pm —
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The global LNG storage tank market is anticipated to reach a valuation of USD 16.7 Billion in 2024, driven by integration with renewable energy systems. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 8.1% between 2024 and 2034, and reaching a total valuation of approximately USD 36.3 Billion by 2034.
Ongoing research and development efforts focus on enhancing LNG tank design, materials, and construction techniques to improve safety,…
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Added by Latest Market Trends on August 5, 2024 at 2:04pm —
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The global small gas engine market is anticipated to reach a valuation of USD 3.0 Billion in 2024, driven by integration with renewable energy systems. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.2% between 2024 and 2034, and reaching a total valuation of approximately USD 5.0 Billion by 2034.
Beyond portable generators, there is a growing demand for backup power solutions in residential, commercial, and industrial settings,…
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Added by Latest Market Trends on August 5, 2024 at 1:55pm —
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The global micro-energy harvesting system market is anticipated to rise at 11.9% CAGR. The market is expected to increase from USD 256.2 Million in 2024 to USD 788.5 Million in 2034.
The growing utilization of energy harvesting technology and home automation applications is expected to propel the market's growth. The green energy harvesting trend is significantly shaping the market, and its expansion is being aided by policies that governments worldwide support.
Industrial…
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Added by Latest Market Trends on August 5, 2024 at 1:48pm —
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The oil and gas sensor market is projected to register a CAGR of 5.6% from 2024 to 2034. The market is expected to be valued at USD 8.2 billion in 2024. The increasing amount of harmful gas emissions from various industries, including mining and vehicles, is expected to boost the demand for oil and gas sensors. The market is predicted to reach a valuation of USD 14.1 billion by 2034. The rising awareness toward environmental protection, comfort optimization, and technological advancements has…
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Added by Latest Market Trends on August 5, 2024 at 1:38pm —
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The industrial film market is expected to witness a CAGR of 5.9% through 2034. The market is expected to reach a valuation of USD 62.0 Billion in 2024 and USD 110.0 Billion by 2034. The market's growth is driven by several factors, including the expansion and modernization of industries worldwide, which are increasingly turning to functional and protective films to ensure the safety of equipment, materials, and products during manufacturing, storage, and transportation processes.
The…
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Added by Latest Market Trends on August 5, 2024 at 1:33pm —
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The global hot and cold system market size is poised for significant growth, attaining USD 21.4 billion in 2024. The hot and cold system demand is expected to experience a CAGR of 6.7% from 2024 to 2034. By 2034, the market revenue of hot and cold systems is anticipated to reach a valuation of USD 41.0 billion.
The need for efficient temperature-regulating hot and cold systems has been fueled by growing consumer awareness of environmental issues and energy efficiency. Hot and cold…
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Added by Latest Market Trends on August 5, 2024 at 12:57pm —
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The global oil accumulator market is poised for significant growth, reaching USD 51.2 billion in 2024. The revenue of oil accumulators is expected to witness a CAGR of 8.1% from 2024 to 2034. By 2034, the demand for oil accumulators is anticipated to attain a valuation of USD 112 billion.
Pollutants emitted into the environment during oil and gas drilling operations are becoming less common due to the increased demand for oil accumulators. The continuous exploration efforts for oil…
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Added by Latest Market Trends on August 5, 2024 at 12:53pm —
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According to Future Market Insights (FMI), the growing popularity of electronic devices, the adoption of electric vehicles, and developments in laser and 3D printing are expected to drive the global metal-air battery market towards a USD 2.8 Billion valuation by 2034. From 2024 to 2034, the market is anticipated to expand at a CAGR of 15.2%. Metal-air batteries are expected to outperform lithium-ion batteries in several applications due to their lower cost, higher energy density, and lack of…
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Added by Latest Market Trends on August 5, 2024 at 12:50pm —
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The global market size for FRP bridges is estimated to be around USD 573.30 Million in 2024. It is projected to exhibit a CAGR growth of 6.10% over the forecast period, with an estimated market size of USD 1 Billion in 2034.
Infrastructure development projects are on the rise globally, particularly in countries like India, China, and the United Kingdom. These projects require sturdy and durable bridge materials that can withstand the test of time. This has opened new doors for FRP…
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Added by Latest Market Trends on August 5, 2024 at 12:45pm —
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