Published Date: 31-Jan-2020
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According to a new report Global Dust Control Systems Market, published by KBV Research, The Global Dust Control Systems Market size is expected to reach $20.5 billion by 2025, rising at a market growth of 4.8% CAGR during the forecast period. Increasing health awareness and rising technological advances in dust control systems across food and beverage sectors, as well as in agriculture, are likely to create expanded opportunities for the market for dust control systems. Easy and efficient operation of tractor-mounted dust control systems is likely to gain popularity in dust control systems around the globe.
The wet product segment captured the largest market share in the in 2018 and is projected to grow at a high rate during the forecast period. Wet control methods have a higher demand relative to dry controllers because they clean and recirculate air instead of wasting air outside the facility, resulting in a significant cost advantage. The Dry market would witness a CAGR of 7.8% during (2019 - 2025).
The rising construction sector, specifically in emerging economies such as India, China, and Brazil, is expected to fuel growth for dust control systems over the forecast period. The chemical sector has seen significant growth, particularly in Asia-Pacific and Europe. The increase in the production of chemicals in both regions, mainly in China, is projected to contribute significantly to a rise in air pollution, leading to an increase in the use of dust control systems in the coming years. The Oil & Gas market would exhibit a CAGR of 5.4% during (2019 - 2025). The Pharmaceutical market is expected to witness a CAGR of 7.6% during (2019 - 2025).
As far as revenue is concerned, Asia Pacific emerged as the leading regional market in 2018. This is due to the expansion of the manufacturing, oil and gas and mining industries in the region. In addition, a number of global players have set up their manufacturing facilities in the region, particularly in China and India, to cater to demand from several end-use sectors and to capture cost advantages. The Europe market is poised to witness a CAGR of 4.5% during (2019 - 2025). Additionally, The North America market is anticipated to grow at a CAGR of 4.2% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/dust-control-systems-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Illinois Tool Works, Inc., Donaldson Company, Inc., Nederman Holding AB, Spraying Systems Co., Absolent Group AB (Dust Control Systems Limited), BossTek, Inc., EmiControls Srl, Beltran Technologies, Inc., Camfil AB, and Sly, Inc.
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