ALBANY, New York, March 23, 2016 /PRNewswire/ --
According to a new market report published by Transparency Market Research entitled "Metal Cleaning Equipment Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2024," the Europe metal cleaning equipment market was valued at US$ 731.7 Mn in 2015 and is forecast to grow at a CAGR of 6.2% during the period 2016 to 2024. High industrial activity driving the metal cleaning equipment market in the automotive, aerospace, and process industry segments, and the growth of micro, small and medium enterprises (MSMEs) across the world are the key factors driving the development of the metal cleaning equipment market. In addition, enhanced security needs of customers are driving the adoption of security solutions in the residential sector and managed security solutions at affordable rates is further expected to drive the growth of this market over the forecast period.
Full Research Report on Europe Metal Cleaning Equipment Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/europe-metal-cleaning-equipment-market.html
In the metal cleaning equipment market by technology, the open tanks multistage equipment segment was the largest in 2015, accounting for 39.2% of the overall market. This technology is generally used for the metal cleaning process, which includes various stages of cleaning. In this technology, the whole metal cleaning goes by a batch cleaning procedures to provide the most effective cleaning, which would add more flexibility to meet the demands of various disparate components in one machine. This technology is adopted for the calibrated washing of serial and complex mechanical parts of metals.
In the metal cleaning equipment market by movement type, the conveyor belt segment was the largest in 2015, accounting for 62.1% of the overall market. The programmable segment is anticipated to be the fastest-growing segment during the forecast period. Growing deployment of technologies such as artificial intelligence across various industrial sectors is expected to drive the demand for programmable movement of metal cleaning equipment for better efficiency and automation. Among the types of conveyor belts, belt conveyors was the largest segment in 2015, accounting for 71.8% of the overall market. The caroused conveyors segment is anticipated to be the fastest-growing segment.
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The metal cleaning equipment are highly complex systems designed for metal degreasing and cleaning activities. These metals are further deployed in high-end applications. These systems are designed in accordance with EU regulations pertaining to environment safety and protection. The product lifecycle generally ranges from 5 to 10 years and as such the number of installation units of metal cleaning equipment in Europe may witness a moderate growth rate. The requirement for metal cleaning equipment may arise from various sources such as the opening of new manufacturing plants, the expansion of existing manufacturing plants, and the replacement of existing metal cleaning equipment and application-specific customized metal cleaning equipment.
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Some of the major industry players profiled in the study include Durr Ecoclean GmbH, Pero AG, Hockh Metall-Reinigungsanlagen GmbH, Metalwash Ltd., Rippert Anlagentechnik GmbH & Co. KG, Metalas Cleaning Systems, MecWash Systems Ltd., Sturm Holding GmbH, and Rosler Oberflachentechnik GmbH.
The Europe Metal Cleaning Equipment market has been segmented as follows:
Europe Metal Cleaning Equipment market, by Chemical Type
- Solvent Metal Cleaning
- Aqueous Metal Cleaning
Europe Metal Cleaning Equipment market, by Washing Type
- Pickling/Immersion Cleaning Equipment
- Spray Metal Cleaning Equipment
- Vapor Phase Metal Cleaning Equipment
Europe Metal Cleaning Equipment market, by Technology
- Open Tank Single Stage Equipment
- Open Tanks Multistage Equipment
- Tunnel Metal Equipment
- Cabin Metal Equipment
Europe Metal Cleaning Equipment market, by Movement
- Conveyer Belt
- Belt Conveyers
- Carousel Conveyers
- Overhead Conveyers
- Rotating Cylinder
Europe Metal Cleaning Equipment market, by Region
- The U.K.
- Rest of Europe
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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SOURCE Transparency Market Research