Sarasota, FL -- (SBWIRE) -- 04/24/2019 -- Global Adsorption Equipment Market: Overview
Adsorption equipment is used to minimize carbon emissions. It finds massive applications in perfumes, vehicles, and chemical production process as a result of its ability to avoid the spread of gases that are not needed.
Global Adsorption Equipment Market: Growth Factors
The adsorption equipment demand is mainly leveraged by stringent rules to regulate volatile organic compounds emissions across myriad end-use sectors such as food & beverage, printing, semiconductor, automotive paints, chemical, and pharmaceuticals. Nevertheless, the availability of low-cost substitutes such as fixed bed absorber is projected to put brakes on the adsorption equipment market growth. Additionally, the availability of alternatives along with low deployment & maintenance costs will inhibit the growth of adsorption equipment market over the years ahead. However, the prominent use of adsorption device as a result of its ability of processing high VOC concentrations will accelerate the growth of adsorption equipment market in the years ahead. With massive need for reducing GHG emissions and renewable energy trends, the product demand is predicted to increase over the coming years. In addition, rise in vehicle production will further boost the adsorption equipment market trends.
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Global Adsorption Equipment Market: Segmentation
The adsorption equipment market can be classified based on capacity and end-use. On the basis of capacity, the adsorption equipment market can be sectored into lower than 10,000 CFM, CFM ranging between 10,000 to 50,000, and greater than 50,000 CFM. Based on the end-use, the adsorption equipment market is segmented into automotive paints, printing, chemical, and semiconductor.
Global Adsorption Equipment Market: Regional Analysis
Based on region, the global adsorption equipment market can be divided into five main regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia Pacific adsorption equipment market is set to register the massive CAGR over the assessment period. The business in the APAC region is primarily steered by stringent government rules for controlling volatile organic compounds emissions. India, China, Thailand, Indonesia, and Japan are the key consumers of product and are predicted to be the key regional revenue pockets in the near future. With thriving pharmaceutical, semiconductor, automotive, paper, chemical, and printing sectors, the adsorption equipment market is anticipated to gain traction over the years ahead.
North America and Europe are anticipated to contribute notably towards the global market progression in the coming decade. Introduction of new technologies in countries such as the U.S., Canada, UK, and Germany will drive the growth of the market in these regions. Furthermore, the Middle East and Africa and Latin America are expected to be the major regional market growth drivers with huge market progression prospects as well as untapped market potential.
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Global Adsorption Equipment Market: Competitive Players
Some of key players in adsorption equipment market are Environmental C & C Inc., Chemisch Thermische Prozesstechnik (CTP) GmbH, TAIKISHA LIMITED, Evoqua Water Technologies LLC, Gulf Coast Environmental Systems, CECO Environmental, TIGG LLC, Durr Aktiengesellschaft, and Monroe Environmental Corp.
Global Adsorption Equipment Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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