NEW YORK, Nov. 29, 2016 /PRNewswire/ -- The global mist eliminator market is projected to grow at a CAGR of 5.3% from 2016 to 2026"
The global mist eliminator market is projected to reach USD 1,152.4 million by 2021, at a CAGR of 5.3% from 2016 to 2026. Government regulations to control the emissions of toxic emissions from the oil & gas, desalination, power generation, and petrochemical industries is propelling the growth of this market. However, since 2014, the upstream oil industry has witnessed a drastic fall in drilling operations across the world. This has led to reduced demand for mist eliminators from one of its largest end-user segment, oil & gas, inhibiting the growth of the mist eliminator market.
"Oil & gas is the largest end user segment in the global mist eliminator market"
The oil & gas segment accounted for the largest share of the global mist eliminator market in 2015. Converting crude oil to useable energy resource is responsible for toxic emission. Hence, it becomes imperative for associated industries to install mist eliminators to limit their emission. Moreover, power generation is also a key end user of mist eliminators due to establishment of coal-fired plants in various emerging economies of Southeast Asia like China and India. Regulations imposed for the control of air pollution are gradually becoming stringent around the world, and this in turn, will create opportunities for the installation of mist eliminators in industrial plants.
"Wire mesh is the fastest-growing type segment in the global mist eliminator market"
The wire mesh segment accounted for the largest share of the global mist eliminator market in 2015, and is projected to grow at the highest CAGR from 2016 to 2026. Wire mesh is the most preferred and used mist eliminator type to remove the toxic gases, worldwide. It is highly efficient with relatively high removal efficiency and low cost of operation.
"Asia-Pacific led the global mist eliminator market in 2015"
The Asia-Pacific region accounted for the largest share of the global mist eliminator market in 2015. The mist eliminator market in Asia-Pacific is projected to grow at the highest CAGR in the coming years, mainly due to the increasing number of coal based thermal power plants in the region. Increasing population and urbanization are stimulating the market growth for a wide range of industries in the region, thus increasing the demand for the mist eliminators.
Profile break-up of primary participants for the report:
- By Company Type - Tier 1 – 55 %, Tier 2 – 20%, Tier 3 – 25%
- By Designation – C level – 75%, Manager level – 25%
- By Region – North America - 10%, Europe – 20%, Asia-Pacific – 30%, Middle East & Africa – 20%, South America - 20%
Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. Key players have been profiled in the study, including Sulzer Chemtech (Winterthur, Switzerland), FMC Technologies Inc. (Texas, U.S.), Munter AB (Stockholm, Sweden), Koch-Glitsch (Kansas, U.S.), Sullair LLC (New York, U.S.), Kimre Inc. (Miami, Florida), Air Quality Engineering, Inc. (Minneapolis, U.S.), MECS Inc. (Missouri, U.S.), AMACS (Texas, U.S.), and Hillard Corporation (New York, U.S.).
In this report, the mist eliminator market has been segmented based on material, end user, type, and application. Further, the market is segmented into six regions, namely, Asia-Pacific, North America, Europe, Middle East, South America, and Africa. It provides detailed information regarding key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges.
Reasons to buy the report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the mist eliminator market; high-growth regions; and market drivers, restraints, and opportunities.
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