Mist Eliminator Market Anticipated to Grow 1.4X by 2030, Says Fact.MR
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.
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.
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.
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• 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.
"Governments across the world are implementing stringent environmental regulations to curb carbon emissions, thus generating significant growth opportunities for the mist eliminator market players. Moreover, resumption of manufacturing & production activities in China and less impacted countries by the coronavirus outbreak such as Japan and South Korea will assist the global mist eliminator market growth," says the Fact.MR analyst.