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Extracorporeal Membrane Oxygenation Machine Market Driven by Critical Care

The global   extracorporeal membrane oxygenation (ECMO) machine market   size was valued at USD 307.9 million in 2023 and is expected to reach USD 445.7 million by 2030, expanding at a CAGR of 5.5% from 2024 to 2030. This steady growth is primarily attributed to the rising incidence of cardiopulmonary diseases and increasing cases of respiratory failure worldwide, which continue to drive demand for advanced life-support technologies. Key Market Trends & Insights North America dominated the ECMO machine market in 2023, accounting for 39.5% revenue share. The U.S. held the largest share within North America in the same year. By component, the oxygenators segment captured the largest share of 34.61% in 2023 and is projected to register the fastest CAGR during the forecast period. By modality, the veno-arterial segment led the market with a 42.2% revenue share in 2023. By application, the respiratory segment accounted for the highest share at 44.10% in 2023. Asia Pacific is po...
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Industrial Robotics Market fueled by automotive production

The global   industrial robotics market   size was estimated at USD 33,956.1 million in 2024 and is projected to reach USD 60,562.0 million by 2030, expanding at a CAGR of 9.9% from 2025 to 2030. The rapid growth of e-commerce has accelerated the adoption of industrial robotics across warehousing and logistics, where robots are transforming operations by automating tasks such as sorting, picking, packing, and last-mile delivery. This shift is driven by the increasing need for efficiency, speed, and reduced lead times to meet rising consumer expectations. Key Market Trends & Insights North America held a significant revenue share of over 8% in 2024. The U.S. industrial robotics market is anticipated to grow steadily at a notable CAGR from 2025 to 2030. Asia Pacific is expected to witness the fastest CAGR during the forecast period. By application, the handling segment accounted for the largest share at over 42% in 2024. In end-use, the electrical/electronics segment maintai...
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Industrial Refrigeration Systems Market strengthened by automation

The global   industrial refrigeration systems market   size was estimated at USD 21.32 billion in 2024 and is projected to reach USD 28.11 billion by 2030, registering a CAGR of 4.8% from 2025 to 2030. The market continues to experience solid growth, primarily driven by the rising demand for cold storage infrastructure across food & beverage, pharmaceuticals, and chemical industries. Key Market Trends & Insights The Asia Pacific region dominated the market with a 32.62% revenue share in 2024. By component, the compressors segment accounted for nearly 23% market share in 2024. By capacity, the 500kW–1000kW segment held the highest share in 2024. By refrigerant, the HCFC segment led the market in 2024. By application, the food & beverage industry captured the largest market share in 2024. Market Size & Forecast 2024 Market Size: USD 21.32 Billion 2030 Projected Market Size: USD 28.11 Billion CAGR (2025–2030): 4.8% Asia Pacific: Largest market in 2024 The growing ...
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Industrial Boilers Market gains traction from process industry growth

The global   industrial boiler market   size was estimated at USD 16,551.7 million in 2024 and is projected to reach USD 22,714.6 million by 2033, growing at a CAGR of 3.6% from 2025 to 2033. This growth is primarily driven by rising industrial output in developing economies, where expanding infrastructure and escalating energy needs are boosting investments in steam-intensive processes. Key Market Trends & Insights Asia Pacific dominated the global industrial boiler market with the largest revenue share of 41.4% in 2024. In North America, the U.S. industrial boiler market led due to an advanced industrial ecosystem and strong adoption of high-capacity boilers across major industries. By type, the package boiler segment is anticipated to grow at a CAGR of 3.9% from 2025 to 2033. By fuel, the electric boiler segment is projected to grow at a CAGR of 4.9% from 2025 to 2033. By application, the paper & pulp segment is expected to witness a CAGR of 5.1% from 2025 to 2033. ...
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Vacuum Cleaner Market Sees Boost with Cordless Vacuum Popularity

The global   vacuum cleaner market   size was valued at USD 14.93 billion in 2024 and is projected to reach USD 35.37 billion by 2033, expanding at a CAGR of 10.1% from 2025 to 2033. Changing lifestyles, rising disposable incomes, and the growth of the working population are among the major factors fueling market expansion. Additionally, increasing awareness of hygiene across residential and commercial spaces continues to support market growth. Key Market Trends & Insights North America held the largest market share in 2024, accounting for 27.8%. The Asia Pacific region is set for rapid expansion with a projected CAGR of 12.2% from 2025 to 2033. By product type, the canister segment led the market with a 25.6% share in 2024. The robotic vacuum cleaner segment is witnessing strong adoption, projected to register a 12.0% CAGR from 2025 to 2033. By application, the residential segment captured the largest share of 47.0% in 2024. Market Size & Forecast 2024 Market Size: US...
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Positive Displacement Pumps Market Boosted by Wastewater Treatment Needs

The global   positive displacement pumps market   was valued at USD 19.06 billion in 2023 and is projected to reach USD 26.53 billion by 2030, reflecting a CAGR of 4.8% from 2024 to 2030. Market expansion is strongly supported by the rise in newly established chemical processing facilities and a growing global focus on wastewater treatment, particularly for the removal of hazardous effluents. These factors continue to boost the adoption of positive displacement pumping systems across key industrial sectors. Key Market Trends & Insights In 2023, the Asia Pacific region emerged as the dominant market, accounting for 40.3% of global revenue, driven by rapid industrialization, infrastructure development, and expanding chemical and manufacturing industries. North America also showcased stable growth, supported by technological upgrades and high demand across oil & gas, water treatment, and industrial processing applications. Among end-use industries, the oil & gas secto...
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Agricultural Tractor Market Strengthens with Automation Technologies

The global   agricultural tractor market   was estimated at 3,098.2 thousand units in 2023 and is projected to reach 4,965.5 thousand units by 2030, representing a compound annual growth rate (CAGR) of 7.2% between 2024 and 2030. The strong demand is driven by increased need for compact tractors on smaller farms as well as advances in technology such as the integration of telematics with tractors. Key Market Trends & Insights In 2023, the Asia Pacific region held the largest volume share globally—accounting for more than 74.57% of the market—and is expected to maintain this dominant position over the forecast period. Within North America, the United States is anticipated to contribute a significant revenue share. By driveline, the two-wheel drive (2WD) segment held over 80.78% of the market in volume terms in 2023, reflecting its strong global preference. In terms of engine power, tractors under 40 HP represented more than 62.25% of volume in 2023, driven primarily by dema...
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