Mist Eliminator Market Insights
The mist eliminator market is anticipated to experience moderate growth in the forecast duration of 2020-2030. The market is set to grow at a value CAGR of 3.6% and reach ~US$ 846 Mn by 2030-end. The COVID-19 global crisis is having a swift and severe impact on the global mist eliminator market with significant disruption in import and exports of eliminators. Moreover, the demand for mist eliminators is contingent on the growth of end users such as oil & gas, chemical, and power generation industries. Thus, with declining investment in these sectors, the market is poised to experience a downward trend across the globe during the mid-term forecast period.
Mist Eliminator Market Trends
One of the key driving factors for the global mist eliminator market growth is the implementation of stringent environmental regulations globally, which has forced businesses to pay strict attention to environmental protection. Therefore, use of mist eliminators in several end-use industries like refineries, power generation, and chemical industry skyrocketed to protect the environment by preventing droplets from escaping into the atmosphere.
A greater emphasis on efficient & effective operations for pleasant working environment in industrial sector is highly anticipated to drive the global mist eliminator market growth. In addition, mist eliminators offer superior performance characteristics such as separation of useful chemical from the mist which are accidentally formed and can be reused for various applications. This, in turn, is most likely to propel the demand for mist eliminators during the forecast period.
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Mist Eliminator Market Analysis by Type
Wire mesh eliminators are expected to capture more than ~50% of the total market share in 2020. As wire mesh mist eliminators offers high separation efficiency at the lowest installation costs, end users are specifically focused on this category. This, in turn, is expected to push the sales of wire mesh mist eliminators during the forecast period.
On the other hand, fiber bed mist eliminators have the capability to remove submicron mists from a process gas stream and collection and removal efficiency of up to 99.9%. Moreover, these eliminators are widely used in the oil & gas industry coupled with other facilities which seek to reduce emissions. On account of these factors, the fiber bed mist eliminator is expected to account for 1/4th share of the total market revenue.
Mist Eliminator Market: Regional Analysis
North America is estimated to hold 1/3rd of the global market value followed by Europe in 2020. Gains remain driven by the implementation of stringent government regulations in the region to reduce carbon emissions. For instance, the Environmental Protection Agency (EPA) in the US has regulated the installation of mist eliminators in the power generation industry for workplace safety. Such factors will continue to play an instrumental role in the market growth.
A significant rise in demand for mist eliminators coupled with strong production and manufacturing facilities in countries such as the USA, Germany, and the UK is likely to create healthy opportunities for market players during the forecast period. However, the COVID-19 pandemic is expected to severely impact the end-user industries and put a hold on the sales of mist eliminators in the near future. In the Fact.MR’s report, North America and Europe are expected to maintain their lead in the mist eliminator market, given the concentration of key market players in these regions.
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Mist Eliminator Market: Competitive Analysis
The global mist eliminator market is highly fragmented with the presence of a large number of local and regional players. Some of the prominent market players are Sulzer Ltd., CECO Environmental, DuPont de Nemours, Inc., and Munters Group.
These market players are concentrating on new product launches to broaden their market footprints and enter strategic contract to deliver the highest efficiency level products to their customers. For instance, in 2019, DuPont de Nemours, Inc., secured a contract from NioCorp Developments Ltd. for its MECS sulfuric acid technology. The MECS sulfuric acid plant will be designed in Southeast Nebraska to maximize energy recovery and emission control to ensure environmental performance.
COVID-19 Impact Analysis
Effects of the COVID-19 have been profound on various sectors. Demand for mist eliminators is dependent on the growth of end users such as power generation and chemical industries. Therefore, as with every business, the mist eliminators market will face repercussions of the coronavirus outbreak. The market will further be affected by the suspension of ongoing projects and volatile growth of end-use industries in various countries.
Manufacturers are currently focusing on maintaining a strong relationship with dealers and suppliers to ensure uninterrupted access to the products and services for their customers. Moreover, post COVID-19 crisis, the manufacturers are highly likely to focus on increasing their presence in developing countries and ramping up the production to meet industrial demand. Thus, the mist eliminator is anticipated to regain momentum in the long-term.
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The Analyst’s Viewpoint
The ongoing COVID-19 pandemic may temporarily slow down the growth of the mist eliminator market but long-term prospects seem promising. Demand for mist eliminator is poised to expand positively, owing to its versatile and efficient method of separation which will yield positive returns to the end users.
Global Mist EliminatorMarket: Scope of the Report
The recent global mist eliminator market report by Fact.MR offers a 10-year forecast for the period of 2020-2030. The report elaborates on key drivers, restraints, opportunities, and threats to the expansion of the global mist eliminator market. A detailed segmental analysis based on type, material, and end users has been provided in the report.
Regional analysis in terms of supply chain, business execution and market value provides an in-depth perspective about the future scope of the global mist eliminator market. In addition, a separate section on the market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the mist eliminator market.
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Global Mist Eliminator Market - Scope of the Report
Fact.MR recently published a market study on the global mist eliminator market. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the mist eliminator market structure. The market study presents exclusive information about how the mist eliminator market will perform during the forecast period of 2020-2030.
Key indicators of the market growth, which include Year-on-Year (Y-o-Y) growth, value chain analysis, supply chain analysis, and Compounded Annual Growth Rate (CAGR), are explained in the Fact.MR’s report. This information can help readers understand the quantitative growth prospects of the mist eliminator market in the forecast period.
The study is relevant for stakeholders in the mist eliminator market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to strengthen their presence in the market. Other stakeholders in the mist eliminator market, including investors, industry experts, researchers, and journalists, as well as business researchers can also leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro- and microeconomic factors that are impacting developments in the mist eliminator market. It also offers actionable insights based on anticipated future trends of the mist eliminator market. Furthermore, small businesses and new entrants in the mist eliminator market can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Mist Eliminator Market
The Fact.MR’s study on the mist eliminator market offers information divided into three key segments—type, material, end user and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Key Questions Answered in Fact.MR’s Mist Eliminator Market Report
- Which regions will continue to remain the most profitable regional markets for mist eliminator?
- Which factors will induce a change in the demand for mist eliminator during the assessment period?
- How will changing trends impact the mist eliminator market?
- How can market players capture the low-hanging opportunities in the mist eliminator market in developed regions?
- Which companies are leading the mist eliminator market?
- What are the winning strategies of stakeholders in the mist eliminator market to upscale their position in this landscape?
Mist Eliminator Market: Research Methodology
In the Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the mist eliminator market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the preparation of the mist eliminator market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
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Yes, the report on the radiation proctitis treatment industry has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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