The global form-fill-seal machines market size accounted for USD 7.30 billion in 2024 and is predicted to increase from USD 7.78 billion in 2025 to approximately USD 13.86 billion by 2034, expanding at a CAGR of 6.62% from 2025 to 2034.The rising consumer demand for packaged products across many industries is the key factor driving market growth. Also, the increasing demand for automation in packaging processes coupled with the escalating trend towards smaller portions can fuel market growth further.
The global oil immersed current transformer market size was estimated at USD 1.90 billion in 2024 and is predicted to increase from USD 2.02 billion in 2025 to approximately USD 3.51 billion by 2034, expanding at a CAGR of 6.32% from 2025 to 2034. The high demand for high-performance and cost-effective electrical components is the major driver of the global oil immersed current transformer market. The need for oil immersed current transformers in power generation, transmission, and distribution sectors is contributing to expanding the market.
The global sensor based sorting machine market size was calculated at USD 1.42 billion in 2024 and is predicted to increase from USD 1.52 billion in 2025 to approximately USD 2.79 billion by 2034, expanding at a CAGR of 6.98% from 2025 to 2034. The market is increasing due to the growing need for resource optimization, advancements in sensor technologies, and increasing uses in mining, recycling, and food sectors, driven by cost efficiency, automation advantages, and requirements for quality assurance.
The global cold milling machine market size was calculated at USD 2.35 billion in 2024 and is predicted to increase from USD 2.50 billion in 2025 to approximately USD 4.34 billion by 2034, expanding at a CAGR of 6.32% from 2025 to 2034. The market is gaining traction as it allows for a quick and efficient way to remove old asphalt and concrete surfaces.
The global port cranes market size was estimated at USD 1.62 billion in 2024 and is predicted to increase from USD 1.71 billion in 2025 to approximately USD 2.85 billion by 2034, expanding at a CAGR of 5.82% from 2025 to 2034. The increasing demand for technologically advanced and automated cargo shipment machinery to and from ships is driving the growth of the market.
The global hardbanding services market size was estimated at USD 9.12 billion in 2024 and is predicted to increase from USD 9.65 billion in 2025 to approximately USD 16.06 billion by 2034, expanding at a CAGR of 5.82% from 2025 to 2034. The expanding oil and gas exploration and production driving demand of hardbanding services. The demand for pipeline protections driving the global hardbanding services market. Additionally, the development of sustainable hardbanding services is shaping the market.
The global organic waste converter machine market size was calculated at USD 303.65 million in 2024 and is predicted to reach around USD 706.41 million by 2034, expanding at a CAGR of 8.81% from 2025 to 2034. The market growth is attributed to the increasing adoption of sustainable waste management practices and government regulations promoting waste segregation.
The global pneumatic tools and accessories market size accounted for USD 12.56 billion in 2024 and is expected to exceed around USD 18.10 billion by 2034, growing at a CAGR of 3.72% from 2025 to 2034. The increasing demand for sustainable options for electricity based industrial tools in a wide range of industries is driving the growth of the market.
The global night vision surveillance cameras market size accounted for USD 163.11 billion in 2024 and is expected to exceed around USD 1,222.05 billion by 2034, growing at a CAGR of 22.31% from 2025 to 2034. The growth of the global night vision surveillance cameras market is attributed to rising technological advancements and increasing security concerns.
The global bakery packaging machine market size accounted for USD 3.54 billion in 2024 and is expected to exceed around USD 6.06 billion by 2034, growing at a CAGR of 5.50% from 2025 to 2034. The surge in bakery chains in online and offline retail outlets is the key factor driving the bakery packaging machine market. Also, the growing demand for aesthetic bakery packaging solutions coupled with technological advancements in the packaging industry can fuel market growth soon.
The global centrifugal compressor market size accounted for USD 4.27 billion in 2024 and is expected to exceed around USD 7.88 billion by 2034, growing at a CAGR of 6.31% from 2025 to 2034. The factors that propel the growth of the centrifugal compressor market include industrial demand, technological development, concerns for energy efficiency, and business development in new regions.
The global shape measuring devices market size was calculated at USD 1.51 billion in 2024 and is predicted to reach around USD 2.39 billion by 2034, expanding at a CAGR of 4.66% from 2025 to 2034. The rising demand for a device that helps measure the physical quantities of a real-world object in various engineering and construction industries is gaining traction in the shape measuring devices market.
The global smart cooling systems market size was calculated at USD 3.12 billion in 2024 and is predicted to reach around USD 225.41 billion by 2034, expanding at a CAGR of 53.42% from 2025 to 2034. The market growth is attributed to the increasing demand for energy-efficient and sustainable cooling solutions across residential, commercial, and industrial sectors.
The global pneumatic bolting tool market size was accounted for USD 1.93 billion in 2024 and is expected to exceed around USD 3.47 billion by 2034, growing at a CAGR of 6.03% from 2025 to 2034. Rising demand for efficiency and precision in manufacturing processes is the key factor driving the pneumatic bolting tool market growth. Also, technological advancements in pneumatic technology coupled with the expansion of the construction industry can fuel growth soon.
The global plastic injection molding machine market size is worth around USD 12.31 billion in 2024 and is anticipated to reach around USD 19.72 billion by 2034, growing at a CAGR of 4.83% from 2024 to 2034. The plastic injection molding machine market is growing because of the adoption of complex technologies, rising demand across industries, opportunities to lower costs, and concerns for sustainability.
The global wafer processing equipment market size is worth around USD 9.22 billion in 2024 and is expected to hit around USD 16.24 billion by 2034, growing at a CAGR of 5.83% from 2024 to 2034. The demand for the wafer processing equipment market is increasing due to the rising demand for advanced electronics, which is leading to companies' adoption of wafer processing equipment.
The global handheld imagers market size accounted for USD 4.33 billion in 2024 and is expected to exceed around USD 11.80 billion by 2034, growing at a CAGR of 10.54% from 2024 to 2034. The rising demand for the handheld imagers market is due to the ability to convert physical documents into digital forms to store, edit, transfer, and email digitally.
The global mobile crushers and screeners market size is calculated at USD 4.01 billion in 2024 and is expected to exceed around USD 6.63 billion by 2034, growing at a CAGR of 5.16% from 2024 to 2034. The demand for the mobile crushers and screeners market is rising due to the rapid growth in infrastructure, which has become a critical part of carrying out various tasks within the process.
The global search and rescue (SAR) equipment market size is calculated at USD 2.35 billion in 2024 and is predicted to reach around USD 3.46 billion by 2034, expanding at a CAGR of 3.92% from 2024 to 2034. The growth of the search and rescue (SAR) equipment market can be attributed to the rising technological advancements in search and rescue equipment and the increase in emphasis on security and safety.
The global compressor rental market size is calculated at USD 5.37 billion in 2024 and is predicted to reach around USD 9.41 billion by 2034, expanding at a CAGR of 5.76% from 2024 to 2034. The compressor rental market is accelerating because of increasing demand in construction, oil and gas, and manufacturing segments. Market growth stimulators include development in technology, availability of low-cost models of renting equipment as well as rising concerns for the environment.
The global 3D drawing doodle printing pen market size is calculated at USD 143.54 million in 2024 and is predicted to reach around USD 347.37 million by 2034, representing a notable CAGR of 9.24% from 2024 to 2034. The 3D drawing doodle printing pen market growth is attributed to the increasing adoption of 3D drawing pens in educational, artistic, and professional sectors.
The global water desalination plant equipment market size accounted for USD 41.95 billion in 2024 and is expected to exceed around USD 109.42 billion by 2034, growing at a CAGR of 10.06% from 2024 to 2034. The demand for the water desalination plant equipment market is rising due to the depletion of water sources, which is leading to the need for alternative sources.
The global repositioning and offloading devices market size accounted for USD 3.24 billion in 2024 and is predicted to reach around USD 5.76 billion by 2034, growing at a CAGR of 5.92% from 2024 to 2034. The repositioning and offloading devices market is driven by the amount of data produced by IoT devices and is expanding quickly.
The global fire suppression system market size accounted for USD 22.34 billion in 2024 and is predicted to surpass around USD 36.53 billion by 2034, growing at a CAGR of 5.04% from 2024 to 2034. The rising cases of fire accidents in the commercial as well as in the residential infrastructure due to the short circuit, gas leakage, and others are driving the growth of the market.
The global smart elevator market size accounted for USD 11.61 billion in 2024 and is predicted to be worth around USD 23.32 billion by 2034, growing at a CAGR of 7.22% from 2024 to 2034. The increasing awareness about the need for energy transitions from conventional sources to smart renewable sources and their applications, like smart elevators, creates a lucrative opportunity in the smart elevator market, further driving its growth.
The global aseptic filling machines market size accounted for USD 1.84 billion in 2024 and is predicted to surpass around USD 3.12 billion by 2034, grow at a CAGR of 5.41% from 2024 to 2034. The rising demand for the pharmaceutical and healthcare industry and continues evaluation in the pharma equipment are driving the growth of the market.
The global pressure washer market size is calculated at USD 2.10 billion in 2024 and is projected to surpass around USD 3 billion by 2034, with a CAGR of 3.61% from 2024 to 2034. The demand from industrial, residential, and other commercial areas for cleaning with lower maintenance costs and time is driving the growth of the pressure washer market.
The global pre-engineered buildings market size is calculated at USD 21.47 billion in 2024 and is projected to surpass around USD 57.79 billion by 2034, expanding at a CAGR of 10.41% from 2024 to 2034. The increasing demand for sustainable and affordable solutions provides more strength and other applications in the buildings that contributes to the growth of the market.
The global at-home fitness equipment market size accounted for USD 9.34 billion in 2024 and is projected to reach around USD 20.56 billion by 2034, expanding at a CAGR of 8.21% from 2024 to 2034. The demand for fitness equipment is increasing due to the rising awareness about health and wellness. Furthermore, the rising technological advancements in indoor fitness equipment are boosting the growth of the at-home fitness equipment market.
The global reciprocating compressors market size is worth around USD 5.72 billion in 2024 and is anticipated to reach around USD 8.56 billion by 2034, growing at a CAGR of 4.12% over the forecast period 2024 to 2034. The increasing demand for reciprocating compressors by the various end-use industries and their application for energy-efficient solutions boosts the growth of the market.
The global paralleling switchgear market size is worth around USD 1.87 billion in 2024 and is anticipated to reach around USD 4.31 billion by 2034, growing at a CAGR of 8.72% over the forecast period 2024 to 2034. Increasing inclination towards sustainable and cost-effective power distribution along with renewable energy sources are fuelling the market. Moreover, the expansion of data centers creates further opportunities to proliferate the paralleling switchgear market on a global scale.
The global industrial dispensing system and equipment market size is worth around USD 9.72 billion in 2024 and is anticipated to reach around USD 18.62 billion by 2034, growing at a solid CAGR of 6.71% over the forecast period 2024 to 2034. The rising industrialization across the countries and the machinery that provides accurate dispensing solutions drive the growth of the industrial dispensing system and equipment market.
The global cleaning robot market size is worth around USD 6.16 billion in 2024 and is anticipated to reach around USD 48.45 billion by 2034, growing at a CAGR of 22.91% over the forecast period 2024 to 2034. A growing working population, rising disposable incomes and increasing awareness around cleanliness and hygiene (especially after the COVID-19 pandemic) is driving growth in the cleaning robot market.
The global sandblasting machines market size is projected to be worth around USD 764.53 million by 2034 from USD 500.86 million in 2024, at a CAGR of 4.32% from 2024 to 2034. The sandblasting machines market growth is attributed to the increasing adoption of sandblasting machines in diverse industries for efficient surface preparation and finishing processes.
The global poultry processing equipment market size is projected to be worth around USD 7.71 billion by 2034 from USD 4.45 billion in 2024, at a CAGR of 5.12% from 2024 to 2034. The North America poultry processing equipment market size reached USD 1.91 billion in 2023. The growing production and consumption of poultry meat across the globe is a key factor driving the poultry processing equipment market growth.
The global brewery equipment market size is projected to be worth around USD 32.94 billion by 2034 from USD 18.52 billion in 2024, at a CAGR of 5.93% from 2024 to 2034. The rising demand for beer consumption is aiding in the growth of the brewery equipment market globally. The global brewery equipment market includes equipment used for brewing, fermenting, and packaging beer, as well as temperature and cleanliness maintenance. Breweries have sprouted recently, especially in developing nations, to fulfill the growing demand from the urban middle class, whose lives heavily depend on such alcoholic beverages. The brewing equipment market is one of the most beneficial markets from the point of view of profit and investment due to the availability of different kinds of beverages and beverage manufacturers.
The global hand tools and woodworking tools market size is anticipated to reach around USD 14.21 billion by 2034 from USD 9.20 billion in 2024, at a CAGR of 4.03% from 2024 to 2034. The hand tools and woodworking tools market is growing due to an increase in construction and infrastructure projects.
The global magnetic filter market size is expected to be worth USD 11.13 billion in 2024 and is anticipated to reach around USD 18.46 billion by 2034, growing at a solid CAGR of 5.19% over the forecast period 2024 to 2034. Stringent regulatory rules for safety and quality in the spectrum of industries globally due to rising concern over environmental changes are the propelling the magnetic filter market.
The global outdoor power equipment market size was USD 35 billion in 2023, accounted for USD 36.87 billion in 2024 and is expected to reach around USD 62 billion by 2034, expanding at a CAGR of 5.33% from 2024 to 2034. The North America outdoor power equipment market size reached USD 12.95 billion in 2023. The efficiency, maintenance, and usability of outdoor power equipment are being improved by the integration of cutting-edge technologies like IoT and AI. This is driving the growth of the outdoor power equipment market.
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 estimated at USD 3.51 billion in 2024 and is predicted to increase from USD 3.71 billion in 2025 to approximately USD 6.08 billion by 2034, expanding at a CAGR of 5.65% from 2025 to 2034. 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 estimated at USD 25.45 billion in 2024 and is predicted to increase from USD 29.03 billion in 2025 to approximately USD 92.64 billion by 2034, expanding at a CAGR of 13.79% from 2025 to 2034. 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 estimated at USD 209.21 billion in 2024 and is predicted to increase from USD 219.32 billion in 2025 to approximately USD 334.14 billion by 2034, expanding at a CAGR of 4.79% from 2025 to 2034. 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 estimated at USD 52.68 billion in 2024 and is predicted to increase from USD 57.64 billion in 2025 to approximately USD 128.05 billion by 2034, expanding at a CAGR of 9.28% from 2025 to 2034. 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 estimated at USD 273.89 billion in 2024 and is predicted to increase from USD 292.87 billion in 2025 to approximately USD 531.62 billion by 2034, expanding at a CAGR of 6.86% from 2025 to 2034. Rising demand for technologically advanced tooling machines and equipment is driving the growth of the tooling market.
The global power tools market size accounted for USD 34.14 billion in 2024 and is predicted to reach around USD 68.04 billion by 2034, growing at a CAGR of 7.1% from 2024 to 2034. Rising construction activities in developing regions can boost the market.
The global textile processing machinery market size was estimated at USD 31.22 billion in 2024 and is predicted to increase from USD 32.97 billion in 2025 to approximately USD 53.54 billion by 2034, expanding at a CAGR of 5.54% from 2025 to 2034. Enhancements in textile productivity can boost the market.
