Category: Business

Tracing the Growth Trajectory and Prospects of the Substation Automation Market

Posted on By Future Market Insights

According to Future Market Insights (FMI), global sales of substation automation are anticipated to grow at a 6% CAGR between 2023 and 2033. The substation automation market is anticipated to exceed US$ 37.8 billion in 2023 and to reach US$ 67.29 billion by 2033 thanks to a positive demand forecast. Recovery of the substation automation market is…

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Business, Technology

Dynamics and Innovations in the 2033 Process Automation and Instrumentation Ecosystem | Future Market Insights, Inc.

Posted on By Future Market Insights

The market for process automation and instrumentation is anticipated to expand on average at a CAGR of 5.5% between 2023 and 2033. By 2023, the market is expected to be valued at US$ 1.06 billion, and by 2033, its market share is expected to reach US$ 1.72 billion. In this report, FMI has segmented the global process…

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Business, Technology

e-Discovery Market Eyes US$ 18,067.3 Million by 2030, 8.3% CAGR

Posted on By Future Market Insights

The e-discovery market is expected to grow from US$ 9,528.6 million in 2022 to US$ 18,067.3 million in 2030, at an astounding 8.3% CAGR. e-Discovery vendor solutions are projected to disrupt the judicial system by transforming how legal firms operate. The market is expected to expand as more electronically stored information (ESI) of multiple documents is required for the identification…

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Business, Technology

Adipic Acid Market Set to Reach US$ 10.23 Billion by 2032 with a 4.9% CAGR

Posted on By Future Market Insights

The market for adipic acid is poised for steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.9% annually. By 2032, it is anticipated to attain a value of US$ 10.23 billion. This growth trajectory underscores the increasing demand for adipic acid, driven by its extensive applications in various industries such as automotive,…

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Business

Kombucha Market Forecasted to Reach New Heights at US$ 13.7 billion by 2033

Posted on By Future Market Insights

The global kombucha market is going to reach US$ 17.1 billion by 2033, growing at a CAGR of 17.4% between 2022 and 2033. The kombucha drinks market is expected to generate an absolute dollar opportunity of approximately US$ 13.7 billion by 2033. Each year, unsafe alcohol consumption kills approximately 3 million people, accounting for 5.3% of all…

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Business

Bubble Tea Market Independent Variable Examine, Future Opportunities & Challenges by 2033

Posted on By Future Market Insights

The bubble tea market is expected to increase at a 9% CAGR from 2023 to 2033, above the 9.1% CAGR witnessed between 2018 and 2022. This huge increase in growth rate suggests a high demand for bubble tea, resulting in a significant increase in market value from US$ 33,121.5 million in 2023 to US$61,152.4 million by 2033….

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Business

Vegan Dog Food Market to Reach US$ 26.35 Billion by 2033| Future Market Insights Inc.

Posted on By Future Market Insights

In 2023, the vegan dog food market was estimated to be worth US$ 13.58 billion. The vegan dog food market is anticipated to register a CAGR of 7% from 2023 to 2033, reaching a value of US$ 26.35 billion. Vegan pet food is made with plant-based and natural components rather than raw materials sourced from animals, and…

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Business

Ready To Drink (RTD) Tea Market Poised for Remarkable Growth at Nearly US$ 72.9billion by 2033

Posted on By Future Market Insights

The ready-to-drink (RTD) tea market is registering a valuation of US$ 34.3 billion in 2023 and is estimated to reach US$ 72.9 billion by 2033. The market is capturing a CAGR of 8% during the forecast period. Growing Popularity of Green Tea Upsurge the Global Market? People are fond of green tea, which is increasing the global…

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Business

Global Heterocyclic and Fluoro Organic Compounds Market to Maintain Steady Growth at 6.8% CAGR by 2032

Posted on By Future Market Insights

The global heterocyclic and fluoro organic compounds market is anticipated to reach a valuation of US$ 957.2 Million by the end of 2032. There is a significant rise in terms of demand for heterocyclic and fluoro organic compounds from the agrochemical sector for the development of green pesticides. The market for heterocyclic and fluoro organic compounds has been significantly…

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Business

Cleanroom Flooring Market Projected to Reach US$ 4300 Million by 2033 with a 6.5% CAGR

Posted on By Future Market Insights

A recently published study by FMI expects the global cleanroom flooring market to augment at a 6.5% CAGR from 2023 to 2033. By the end of the said assessment period, a valuation of US$ 4300 Million is expected for the market. Cleanroom flooring market growth is being driven by stricter healthcare regulations, rigid standards, and…

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Business