Global Radial Market Size & Outlook, 2022-2030
Global radial market, 2018-2030 (US$M)
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Global radial market highlights
- The global radial market generated a revenue of USD 24,407.2 million in 2022 and is expected to reach USD 32,277.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.6% by 2030.
- In terms of segment, agriculture accounted for a revenue of USD 6,418.7 million in 2022.
- Chemical is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 24,407.2 million |
| Market revenue in 2030 | USD 32,277.8 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Agriculture |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Agriculture, Construction & Building Services, Water & Wastewater, Power Generation, Oil & Gas, Chemical |
Other key industry trends
- In terms of revenue, the North America accounted for 17.1% of the global radial market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 2,917.7 million by 2030.
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Radial Market Scope
Radial Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global radial market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to radial market will help companies and investors design strategic landscapes.
Agriculture was the largest segment with a revenue share of 26.3% in 2022. Horizon Databook has segmented the Global radial market based on agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Radial End Use Outlook (Revenue, USD Million, 2018-2030)
- Agriculture
- Construction & Building Services
- Water & Wastewater
- Power Generation
- Oil & Gas
- Chemical
- Others
- Global Radial Configuration Outlook (Revenue, USD Million, 2018-2030)
- Single-Stage
- Multi-stage
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Target buyers of Global radial market databook
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Our clientele includes a mix of radial market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global radial market , including forecasts for subscribers. This global databook contains high-level insights into Global radial market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global radial size, by region, 2018-2030 (US$M)
Top 10 countries: Radial size, 2022 (US$M)
Global radial share, by end use, 2022 & 2030 (%, US$M)
Radial market: Opportunity assessment by country
Global radial market, by region, 2022 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1,466.6 | 1,624.5 | 1,612.2 | 1,648.7 | 1,694.0 | 1,739.3 | 1,798.1 | 1,885.4 | 1,926.3 | 1,997.7 | 2,043.0 | 2,187.5 | 2,274.3 | 4.0% |
| Europe | 4,850.8 | 4,940.0 | 4,763.4 | 4,811.1 | 4,874.9 | 4,951.5 | 5,028.0 | 5,150.9 | 5,271.1 | 5,423.3 | 5,602.6 | 5,750.7 | 5,909.8 | 2.6% |
| North America | 4,175.6 | 4,280.0 | 4,113.1 | 4,140.5 | 4,181.6 | 4,233.5 | 4,297.7 | 4,375.8 | 4,464.5 | 4,573.1 | 4,729.4 | 4,827.0 | 4,913.8 | 2.2% |
| MEA | 2,061.6 | 2,143.8 | 2,073.5 | 2,125.0 | 2,179.8 | 2,244.1 | 2,322.3 | 2,428.6 | 2,507.2 | 2,614.6 | 2,726.9 | 2,850.7 | 2,981.1 | 4.2% |
| Asia Pacific | 10,556.5 | 11,010.4 | 10,811.9 | 11,121.4 | 11,476.9 | 11,872.4 | 12,314.8 | 12,738.6 | 13,340.3 | 13,965.5 | 14,637.2 | 15,359.7 | 16,198.9 | 4.6% |
| Overall | 23,111.1 | 23,998.7 | 23,374.0 | 23,846.7 | 24,407.2 | 25,040.8 | 25,760.8 | 26,579.3 | 27,509.5 | 28,574.2 | 29,739.2 | 30,975.5 | 32,277.9 | 3.6% |
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