The global oilfield equipment market size was USD 124.92 billion in 2023, accounted for USD 128.62 billion in 2024 and is expected to reach around USD 172.18 billion by 2034, expanding at a CAGR of 2.96% from 2024 to 2034. The North America oilfield equipment market size reached USD 53.72 billion in 2023. The rising demand for crude oil across the world is driving the growth of the oilfield equipment market.
The global equipment monitoring market size was USD 3.32 billion in 2023, calculated at USD 3.51 billion in 2024 and is expected to reach around USD 5.78 billion by 2033, expanding at a CAGR of 5.71% from 2024 to 2033. Increasing concerns about safety and security have raised the demand for equipment monitoring, which is estimated to fuel the growth of the equipment monitoring market over the forecast period.
The global laser hair removal market size was USD 1.12 billion in 2023, calculated at USD 1.33 billion in 2024 and is expected to reach around USD 6.28 billion by 2033, expanding at a CAGR of 18.82% from 2024 to 2033. The laser hair removal market is driven by the growing need for effective and long-lasting hair removal products.
The global pharmaceutical packaging equipment market size was USD 8.18 billion in 2023, calculated at USD 8.77 billion in 2024, and is expected to reach around USD 16.26 billion by 2033 growing at a CAGR of 7.11% over the forecast period 2024 to 2033. Pharmaceutical packaging equipment helps reduce the risk of degradation, improve performance, and maintain the potency of the product, which helps the growth of the market.
The global cylindrical roller bearing market size was USD 25.83 billion in 2023, calculated at USD 27.51 billion in 2024 and is expected to reach around USD 48.44 billion by 2033, expanding at a CAGR of 6.49% from 2024 to 2033. The demand for precision-engineered parts like cylindrical roller bearings is driven by automation in a variety of industries. In automated industrial processes, where dependability, accuracy, and efficiency are critical, these bearings are indispensable.
The global intelligent vending machines market size was USD 22.31 billion in 2023, calculated at USD 25.45 billion in 2024 and is projected to hit around USD 83.22 billion by 2033, expanding at a CAGR of 14.07% from 2024 to 2033. Increasing development in the commercial properties and offices is expected to drive the intelligent vending machines market.
The global heavy construction equipment market size was USD 199.58 billion in 2023, calculated at USD 209.21 billion in 2024, and is expected to reach around USD 319.86 billion by 2033, expanding at a CAGR of 4.83% from 2024 to 2033. The heavy construction equipment market is observed to grow notably with the rising demand for new buildings, especially in developing countries.
The global elevator components market size was USD 48.14 billion in 2023, estimated at USD 52.68 billion in 2024 and is expected to reach around USD 118.44 billion by 2033, expanding at a CAGR of 9.42% from 2024 to 2033. The rapid growth rate for urbanization includes high-rise infrastructure is a major factor propelling the market growth globally.
The global tooling market size was valued at USD 256.14 billion in 2023 and is anticipated to reach around USD 500.58 billion by 2033, growing at a CAGR of 6.93% from 2024 to 2033. Rising demand for technologically advanced tooling machines and equipment is driving the growth of the tooling market.
The global power tools market size was valued at USD 31.84 billion in 2023 and is anticipated to reach around USD 63.93 billion by 2033, growing at a CAGR of 7.22% from 2024 to 2033. Rising construction activities in developing regions can boost the market.
The global textile processing machinery market size was valued at USD 29.57 billion in 2023 and is anticipated to reach around USD 50.94 billion by 2033, growing at a CAGR of 5.59% from 2024 to 2033. Enhancements in textile productivity can boost the market.
The global HVAC system market size was valued at USD 206.38 billion in 2023 and is anticipated to reach around USD 381.26 billion by 2033, growing at a CAGR of 6.33% from 2024 to 2033. The rising construction activities, especially in developing countries, are driving the expansion of the market.
The global industrial air filtration market size was valued at USD 7.44 billion in 2023 and is anticipated to reach around USD 13.73 billion by 2033, growing at a CAGR of 6.31% from 2024 to 2033. The increased need to reduce harmful emissions and contamination due to microbes and dust particles present in various industries increases the growth of the market. Along with this, novel innovations and the launching of advanced technologies boost the growth in the industrial air filtration market.
The global radial flow pump market size was valued at USD 25.10 billion in 2023 and is anticipated to reach around USD 35.85 billion by 2033, growing at a CAGR of 3.63% from 2024 to 2033. The radial flow pump market is driven by the necessity of handling fluids under high pressure in several sectors.
The global CNC milling machines market size was valued at USD 79 billion in 2023 and is anticipated to reach around USD 113 billion by 2033, growing at a CAGR of 3.64% from 2024 to 2033. The CNC milling machines market growth is driven by rise in industrialization, and increased production of automobiles. With an increasing demand for highly precise machine components, the CNC milling machines market is observed to expand.
The global electric construction equipment market size was valued at USD 10.32 billion in 2023 and is anticipated to reach around USD 86.01 billion by 2033, growing at a CAGR of 23.62% from 2024 to 2033.
The global pleated filters market size was valued at USD 12.96 billion in 2023 and is anticipated to reach around USD 19.24 billion by 2033, growing at a CAGR of 4.03% from 2024 to 2033. The rising security concerns are driving the growth of the Rising pollution making improved air quality a pressing need in some areas.
The global moisture analyzer market size was valued at USD 1.91 billion in 2023 and is anticipated to reach around USD 3.42 billion by 2033, growing at a CAGR of 6% from 2024 to 2033. The rise in demand across industries, quality control, compliance standard requirements, technological advancements in devices by automation, cost savings, efficiency improvements, awareness of product quality and safety, and expansion of industries are the key market drivers enhancing the market growth.
The global logistics robotics market size was valued at USD 8.78 billion in 2023 and is projected to surpass around USD 39.55 billion by 2033, growing at a CAGR of 16.24% from 2024 to 2033.
The US ultraviolet disinfection equipment market size surpassed USD 1.18 billion in 2023 and is projected to hit USD 3.28 billion by 2033 with a noteworthy CAGR of 10.79% from 2024 to 2033. The U.S. ultraviolet disinfection equipment market is driven by the growing awareness of and concern for related healthcare issues.
The global gear pumps market size was estimated at USD 9.1 billion in 2023 and is projected to hit around USD 12.8 billion by 2033, growing at a CAGR of 3.40% from 2024 to 2033.
The global electric diaphragm pump market size was valued at USD 2.80 billion in 2023 and is anticipated to hit around USD 4.30 billion by 2033, poised to grow at a CAGR of 4.28% from 2024 to 2033.
The global dehumidifier market size surpassed USD 3.07 billion in 2023 and is expected to hit around USD 5.17 billion by 2033, poised to grow at a CAGR of 5.19% from 2024 to 2033.
The global plastic processing machinery market size was valued at USD 23.02 billion in 2023 and is projected to hit around USD 35.58 billion by 2033, growing at a CAGR of 4.50% during the forecast period from 2024 to 2033.
The global conveying equipment market size was exhibited at USD 50.21 billion in 2023 and is projected to hit around USD 72.55 billion by 2033, growing at a CAGR of 3.80% from 2024 to 2033.
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