Slurry Heaters Market Forecast and CAGR
According to the latest research by Fact.MR., the market is set to witness steady growth during 2021-2031. The increasing number of industries has led to increased sales of waste treatment products. Petroleum and Paper & Pulp industries are prime end-use industries for slurry heater demand generation. Increasing concern for industry waste treatment is anticipated to augment growth for this market in the future and expected to grow with a CAGR between 4.5 – 5.5 %.
What is Driving Demand for Slurry Heaters?
Implementation of solid waste management processes in industries such as petroleum, paper & pulp, food and beverage, mining, and others will boost the market growth. The sludge discharged as effluent to be processed for waste treatment will require the device as a critical unit.
Stringent regulations from Government and International organization which has mandate installation of waste treatment products and systems will further push the market growth in the fore coming period. EPA (Environmental Protection Agency) is an independent executive agency of the United States federal government tasked with environmental protection matters, this organization encourages the use of slurry heaters in the industries.
The high price of the device may pose as a detriment for end users, although the manufacturers are devising cost-effective prototypes with rebates for the procurement.
Waste treatment plants by private as well as government organizations (municipal corporations) have to deal with a large amount of slurry, however, these plants can obtain from extracting profitable supplements found in slurry and by making utilize of its energy, this can prove to be a lucrative opportunity for the market.
Industries around the globe have been impacted by COVID-19 induced slowdown. Be it Pulp & paper or the food industry, which was heavily affected by the pandemic. Although proper policies from the government to lift and stabilize industries and bring industries at pre-pandemic levels will prove to be optimistic measures and will uplift the market.
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Petroleum Industry to Likely to Augment Slurry Heaters Sales
The petroleum industry, both downstream and upstream operations generate a high quantity of slurry products. The upstream process includes transporting, extracting, and reserving crude oil while the downstream includes the crude oil refinery process and these by-products require waste treatment. Slurry Heaters have been increasingly used in the petroleum industry and are anticipated to fuel the growth of the market.
North America Slurry Heaters Market Outlook
Declining available water resources alongside aging wastewater treatment infrastructure will fortify the product demand in the long run. Stringent regulatory standards coupled with efforts toward minimizing the disposal costs of slurry produced from waste treatment plants will further uplift the market growth.
The U.S has one of the biggest paper & pulp industries around the globe and therefore is anticipated to boost the market growth. Leading processed food & beverage companies in the region are continuously engaging with manufacturers to develop advance and sustainable solutions. This could again prove to be beneficial for the slurry heater market.
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Europe Demand Outlook
In Europe increasing environment concern and extensive implementation of regulation for treating industrial slurry or waste is set to provide necessary push for the market in the region.
However the European Commission is actively participating in the alternative and cost effective methods to control and to lower the waste products from industries and other plants. This methods could challenge the European slurry heater market.
Increasing industrial and offshore & onshore oil activities will also help market to gain prominent sales figures.
Who are the Key Manufacturers and Suppliers of Slurry Heaters?
Some of the leading manufacturers and suppliers of Slurry Heaters include
- Pick Heaters Inc.
- ProSonix LLC.
- GC Solutions Sales
- Hydro-Thermal Corporation
- KNM Group Berhad
- LARSEN?TOUBRO LIMITED
Top leading manufacturers are from heavy engineering machinery background. Manufacturers are providing custom solutions and services to end users for better efficiency and handling.
An Adaptive Approach to Modern-day Research Needs
Slurry Heaters Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Cast Iron
- Carbon Steel
- Stainless Steel
- Cast Bronze
By End-use Industry
- Food Processing
- Polymers and Plastics Industry
- Sewage Treatment
- North America
- Latin America
- East Asia
- South Korea
- South Asia & Pacific
- ASEAN Countries
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Yes, the report 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.
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