Mist Eliminator Market Projected To Witness Vigorous Expansion By 2031

Posted on 2021-12-02 by Future Market Insights, Inc in Industrial // 0 Comments

The global mist eliminator market is estimated to be valued at ~US$ 592 Mn in 2020 and surpass US$ 846 Mn by the end of the forecast period (2020-2030). Demand for mist eliminators continues to gain a boost from the expansion of power generation and chemical industry in Asian countries such as China, Japan, and India. This, in turn, is anticipated to create significant opportunities for the players in the mist eliminator market by the end of 2030. However, due to the recent COVID-19 outbreak, the mist eliminator market is experiencing significant setbacks in 2020, as the uptake by end-use industries moves on a downward trend.

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Manufacturers are strategizing on working closely with their customers and suppliers to understand their specific needs and serve them with high-performance mist eliminators. In addition, to remain competitive in the future, key players are focusing on supplying tailor-made solutions to their customers according to their plant requirements. This is anticipated to raise the sales of mist eliminators in the foreseeable future.

Key Takeaways of Mist Eliminator Market Study

Under the Covid-19 impact, the global mist eliminator market is expected to create an absolute $ opportunity of more than ~US$ 253 Mn and grow at a value CAGR of 3.6% during the forecast period 2020-2030.
Sales of wire mesh mist eliminators are forecast to grow 2.3X over vane mist eliminators in 2020.
Vane mist eliminator is expected to account for 1/3rd of the overall absolute dollar opportunity created during the forecast period.
Use in power generation industry is anticipated to grow, gaining 410 BPS in its market share through 2030.
Metal mist eliminators are projected to account for 65% of the total sales in 2020 and create an absolute $ opportunity of more than ~US$ 185 Mn during the forecast period 2020-2030.
South Asia & Oceania’s market is expected to record a relatively high value CAGR of 4.6% through 2030.
North America is projected to be valued 4X the revenue of South Asia & Oceania’s market and account for major chunk of the global market value.

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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.

Type

Wire Mesh
Vane
Fiber Bed

Material

Metal
Polypropylene
FRP & Others

End User

Oil & Gas
Desalination
Power Generation
Chemical
Others

Region

North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)

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Report Benefits & Key Questions Answered

Mist Eliminator Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
Mist Eliminator Market Historical volume analysis: The report provides a comparison of Mist Eliminator Market historical sales and projected sales performance for 2021-2031.
Mist Eliminator Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Mist Eliminator Market It carefully gauges the impact of changing healthcare needs of key demographics globally
Mist Eliminator Market Consumption by demographics: The report investigates consumer behavior affecting Mist Eliminator Market demand outlook for the assessment period. Effect of their keenness for digital trends on Mist Eliminator Market is carefully analyzed
Post COVID consumer spending on Mist Eliminator Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Mist Eliminator Market growth.

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