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Process Automation and Instrumentation Market Trends – 2032
Growth of Process Automation and Instrumentation Market is Playing Key Role for Semiconductor Manufacturer and Software Vendors Process automation involves using software, hardware, and computing technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently.
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A variable frequency drive (better known as VFD), could be described as a kind of motor controller driving an electric motor by varying voltage and frequency supplied to electric motor. North America Variable Frequency Drive Market stands at 4.77 Billion as of now and is expected to be worth US$ 5.06 Bn by the year 2032 at a CAGR of 6% from 2022 to 2032.
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A variable frequency drive (better known as VFD), could be described as a kind of motor controller driving an electric motor by varying voltage and frequency supplied to electric motor. North America Variable Frequency Drive Market stands at 4.77 Billion as of now and is expected to be worth US$ 5.06 Bn by the year 2032 at a CAGR of 6% from 2022 to 2032.
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Benelux Power Tools Market is Expected to Grow at a Healthy CAGR of 3.9 Percent By 2026, According to FMI
With 10 million units expected to be shipped in 2016, up from 9.8 million units in 2015 and a y-o-y growth rate of 2.5 percent, power tools are still in high demand in the Benelux region. In 2015, the Adoption of Benelux Power Tools Market was estimated to be worth US$ 826.4 million, and in 2016.
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Variable frequency drives demand is set to grow at over 4% in 2021, with growing emphasis on heating, ventilation and air conditioning (HVAC) systems and automotive pumps which are expected to generate substantial growth opportunities. The projections are based on the latest edition by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.
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Lead Acid Battery Market to expand at over 5.2% CAGR between 2022 and 2032
The global sales of lead acid battery are set to be valued at over US$ 54.3 Billion in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report has forecast the market to expand at over 5.2% CAGR between 2022 and 2032.
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During the forecast period of 2022 to 2032, the global market for combi boilers is anticipated to grow steadily at a CAGR of 5.2 percent. The market is anticipated to grow and reach a global market valuation of US$24.2 billion in 2022. The market for combi boilers is anticipated to grow to US$ 40.17 billion by 2032, taking into account the expanding demand on the global market.
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From 2022 to 2032, the market for surge tanks is anticipated to grow at a CAGR of 4.2 percent. Surge tank market share is anticipated to increase during this projection period, rising from its current valuation of US$ 1.9 Billion in 2022 to a net worth of US$ 2.9 Billion by 2032.
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The global rubber extruder market size is expected to reach US$ 4,021.5 Million by 2032. The rubber extruder market is growing rapidly. As per FMI analysts, the global rubber extruder market is estimated to be valued at US$ 2,399.5 Million in 2022 and is projected to increase at a CAGR of 5.3% during the forecast period.
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The expansion of the seam welding machine market is being driven by the rising demand from end users in the building and infrastructure, consumer durables, and transportation industries. Additionally, it is anticipated that through 2032, there will be a growth in the usage of seam welding machines in the construction and infrastructure sectors as well as increased demand for new cars and aeroplane
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In 2022, it’s expected that the market for safety limit switches will reach US$ 1.8 billion. By 2032, the market for revision knee replacements is anticipated to grow at a CAGR of 6.1 percent and reach US$ 3.3 billion. A safety limit switch is an electromechanical device used as a sensor, it works with mechanical operation.
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The global hot chamber die casting machine market size is expected to be valued at US$ 1,012.3 Million in 2022. With rising growth of end-users including automotive coupled with immaculate traits such as low cost runs and best-in-class finishing’s, the product is known for expelling casts in the required format from the molten feed. Overall demand for hot chamber die
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In 2032, it is anticipated that the market share for suspended ceiling systems would be $10.5 billion USD. Future demand for suspended ceiling systems is expected to be driven by the need to provide affordable housing. According to FMI, the global market for suspended ceiling systems was valued at US$ 6.8 billion in 2022 and is anticipated to increase at a CAGR of 4.5% from 2022 to 2032.
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In 2022, the global vapour blasting equipment market is expected to be worth US$ 113.7 million. The vapour blasting equipment market is predicted to grow at a robust 5.0 percent CAGR, hitting US$ 187.0 Mn by 2032. Increasing automotive vehicle production and a burgeoning automotive aftermarket are predicted to enhance vapour blasting equipment over the assessment period (2022-2032).
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The global optical waveguide market is forecasted to be appraised at US$ 12,280.0 million by 2032, up from US$ 7410.0 million in 2022, advancing at a CAGR of 5.2% during the forecast period.
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With a CAGR of 5.8% over the projected period, the optical measurement systems market is anticipated to grow from US$ 4230 million in 2022 to US$ 7456 million by 2032. (2022 to 2032).
The chemical and pharmaceutical industries’ rising need for high-purity grade products is linked to a number of things, including the widespread use of optical measurement devices. Request A Sample PDF @
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The global multifuel gas turbine market is expected to be worth US$ 6428.6 million by 2032, up from US$ 4877.4 million in 2022, with a CAGR of 2.8 % over the forecast period. The growing industrialization and increased use of electrical appliances are driving up demand for multifuel gas turbines. Electricity demand is driving sales of multifuel gas turbines as economic activity in developing economies grows.
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Plain Bearings Market Is Predicted To Rise At A Robust CAGR Of 5% From 2022 to 2032
As per the plain bearing market report by FMI, the global market is expected to be worth US$ 10 billion in 2021 and US$ 17 billion by 2032, growing at a modest CAGR of 5% over the forecast period.
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As per a recent market survey by Future Market Insights, sales in the global shot blasting machine market are expected to increase at a healthy 5% CAGR, reaching a valuation of US$ 1.8 Billion in 2031. Shot blasting machines play a vital role in the metal industry.
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As per the latest study published by Future Market Insights, the global chromatography accessories and consumables market is anticipated to grow at a CAGR of 4.7% during the forecast period between 2022 and 2032, in comparison to 5.2% CAGR registered from 2015 to 2021. By the end of the said period of assessment, a valuation worth US$ 6.7 Billion is expected for the market.
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The water turbine market is likely to rise to US$ 2.4 billion in 2022 and estimated to reach US$ 3.8 billion by 2032 with a CAGR of 4.7% during the forecast period from 2022 to 2032.
Industries across the globe are more inclined towards sources such as solar, water, and wind. In which, demand for water turbines is widely rising to convert kinetic energy into mechanical energy to generate electricity.
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Membrane air dryers, refers to a dehumidification membrane which provides exclusive and efficient way to cut various contaminants from compressed air system. Owing to this, membrane air dryers are considered as an advanced system of filtration media which is intended to work with existing compressed air system.
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The global marine bearings market is expected to be worth US$ 8543.0 million by 2032, up from US$ 5622.0 million in 2022, with a CAGR of 4.3 % over the forecast period.
The marine bearings are critical in any marine vessel, whether it is a luxury cruise ship or any other ship used for transportation or a warship to protect the nation’s water borders.
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The navigation, imaging and positioning solutions has number of applications ranging from location based services in indoor environments, detection of lost items at home, ambient assistant living systems, in hospitals for location tracking of patient, medical equipment and personnel in emergency situations, in social networking to govern social integration, environmental monitoring to observe phenomena such as heat, humidity, pressure, air pollution and deformation of structures.
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The need for mobile food warmers is exploding, and the industry is rapidly inventing to keep up with the demands of commercial kitchens and dining establishments. The main factors propelling the expansion of the mobile food warmer market Share are the growing availability of catering equipment in the region and increased investment by key players.
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The forecast period is expected to see a CAGR of 4.1% for the global fish filleting machine market. In 2023, the market is expected to be worth US$2,325 million. By the year 2033, it is predicted that the market for fish filleting machines will reach a high of US$ 3,470 million.
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Countertop Griddle Market Is Expected To Grow At A CAGR Of 4.8% Between 2023 to 2033
The countertop griddle market size is projected to be valued at US$ 2.4 Billion in 2023 and it is anticipated to surpass US$ 3.9 Billion by 2033. The sales of countertop griddles are anticipated to rise at a CAGR of 4.8% during the forecast period.
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Power Device Analyzer Industry is expected to reign the market in the coming years: FMI
Globally, there is a constant demand for energy savings across various industries. In addition, various government and international organizations work to raise awareness and promote energy conservation.
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As per a recent market survey by Future Market Insights, sales in the global shot blasting machine market are expected to increase at a healthy 5% CAGR, reaching a valuation of US$ 1.8 Billion in 2031
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Future Market Insights’ (FMI) market study titled, ‘Oil & Gas Valves Market: Global Industry Analysis 2014–2021 and Opportunity Assessment 2022 to 2029’, analyses the global oil & gas valves market, and provides an in-depth analysis on the forecast period of 2019 to 2029.
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Carbon Brush Market is growing at a Strong CAGR of 4.5% by 2033
As per the report, the worldwide carbon brush market is projected to look at exceptional growth throughout the forecast period, as a result of the aspects comparable to rising demand from industrial applications, automotive, and electrical hand tools.
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Telehandlers Market Set to Witness an Uptick Size US$ 6,247.6 Million to 2030
Telehandlers have developed from a conventional landscaping and farming machinery to a much more sophisticated construction equipment. Telehandlers manufacturers invest heavily in R&D to develop and incorporate changes in their product line.
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Between 2016 and 2020, the Europe water pumps industry extended at a CAGR of over 0.5%. Many of the important advances in pump technology have their origins in long-established European enterprises, which have been aided by a variety of specialist technical groups as well as government funding.
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According to Future Market Insights, the reverse osmosis pump market is estimated to exceed US$ 6.1 billion in 2021, owing to increased applications in the oil and gas and water treatment industries (FMI). The demand for reverse osmosis pumps is expected to expand at an 8.9 percent CAGR between 2021 and 2031.
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Originally, diaphragm couplings were designed and manufactured for helicopter drive shafts, but with growing industrial advancement, these couplings were redesigned for general industrial and commercial purposes in the global market. The global diaphragm coupling market is expected to be worth US$ 547.3 million in 2022, rising at a CAGR of 3.5 percent to be worth US$ 772.3 million by 2032.
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The global regenerative thermal oxidizer market is anticipated to exhibit opulent growth opportunities over the forecast period by registering a CAGR of 4% to 5% from 2022 to 2032. The global market totaled a valuation of US$ 9.5 Billion by 2022
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The global chilled water storage system market is anticipated to be valued at US$ 155.0 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 302.2 Million from 2022 to 2032. Growth is attributed to increasing demand in end-user industries such as petrochemical, oil & gas, pharmaceutical, and food & beverages.
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The global commercial kitchen ventilation system market is anticipated to be appraised at US$ 3621.4 million by 2032, up from US$ 2476.1 million in 2022 with a CAGR of 3.9% during the forecast period.
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In 2022, the global drum pump market is expected to be worth US$ 503.6 million. Drum Pump sales are predicted to expand at a CAGR of 6.2 percent between 2022 and 2032, with a total value of US$ 921.0 million. Drum Pumps demand increased at a 5.7 percent value CAGR between 2016 and 2021.
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In 2022, the global drum pump market is expected to be worth US$ 503.6 million. Drum Pump sales are predicted to expand at a CAGR of 6.2 percent between 2022 and 2032, with a total value of US$ 921.0 million. Drum Pumps demand increased at a 5.7 percent value CAGR between 2016 and 2021.
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The global switched reluctance motors market size was valued at around US$ 499.3 Mn in 2021 and is expected to surpass a valuation of nearly US$ 950 Million by 2032, exhibiting a robust CAGR of 6.28% during the forecast period (2022 to 2032). Rising applications of switched reluctance motors in electric vehicles, fuel pumps, electric power steering, vacuum blowers, etc. is pushing the demand for switched reluctance motors worldwide.
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Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. Unlike conventional string/central inverters, a micro inverter works on Module Level Power Electronics i.e. power conversion takes place at individual module level.
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Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. Unlike conventional string/central inverters, a micro inverter works on Module Level Power Electronics i.e. power conversion takes place at individual module level.
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ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global agricultural equipment market will register a CAGR of 4.8% between 2021 and 2031, reaching a market volume of around 6.7 Million units by 2031 end.
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Revenue from the global woodworking circular saw blades market is expected to grow at a CAGR of 4.4 percent from 2022 to 2029, with a valuation of US$ 50.4 Million in 2022.
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