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 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 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 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 accounted for USD 219.44 billion in 2023 and is anticipated to reach around USD 403.06 billion by 2034, growing at a CAGR of 6.30% from 2024 to 2034. 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 U.S. ultraviolet disinfection equipment market size is estimated at USD 580 million in 2024 and is anticipated to reach around USD 2,090 million by 2034, expanding at a CAGR of 14% from 2024 to 2034. 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.
The global submersible pumps market size surpassed USD 12.61 billion in 2023 and is predicted to reach around USD 20.33 billion by 2033, registering a CAGR of 4.94% during the forecast period from 2024 to 2033.
The global water chillers market size accounted for USD 6.19 billion in 2024 and is expected to be worth around USD 8.56 billion by 2034, at a CAGR of 3.3% from 2024 to 2034.
The global reciprocating hydrogen compressor market size accounted for USD 1.13 billion in 2024 and is expected to be worth around USD 1.93 billion by 2034, at a CAGR of 5.5% from 2024 to 2034.
The global machine safety market size was USD 5.43 billion in 2023, accounted for USD 5.77 billion in 2024, and is expected to reach around USD 10.74 billion by 2034, expanding at a CAGR of 5.8% from 2024 to 2034. The North America machine safety market size reached USD 2.06 billion in 2023.
The global palletizing robot market size accounted for USD 3.80 billion in 2024 and is predicted to reach around USD 67.81 billion by 2034, growing at a CAGR of 33.40% from 2024 to 2034.
The global vending machine market size was USD 11.13 billion in 2023, accounted for USD 12.79 billion in 2024, and is expected to reach around USD 51.31 billion by 2034, expanding at a CAGR of 14.9% from 2024 to 2034. The North America vending machine market size reached USD 8.96 billion in 2023.
The global hydraulic tools and equipment market size is expected to be valued at USD 51.57 billion in 2024 and is anticipated to reach around USD 77.82 billion by 2034, expanding at a CAGR of 4.2% over the forecast period 2024 to 2034. The North America hydraulic tools and equipment market size reached USD 20.79 billion in 2023.
The global safety valve market size was estimated at USD 2.1 billion in 2022 and is projected to hit around USD 3.34 billion by 2032, registering a CAGR of 4.8% during the forecast period from 2023 to 2032.
