The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Adsorption equipment market is likely to witness an impressive CAGR of 5.2% during the forecast period.
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Segment Analysis
Based on the capacity type, the adsorption equipment market is segmented as less than 10,000 CFM, 10,000-50,000 CFM, and more than 50,000 CFM. The 10,000-50,000 CFM segment is expected to be the fastest-growing segment, during the forecast period, owing to to its ability to process high concentrations of VOCs.
Based on the end-use industry type, the adsorption equipment market is segmented as automotive paints, chemical, semiconductor, printing, and others. The automotive paints segment is estimated to be the fastest-growing segment, over the forecast period, due to stringent regulations imposed by authorities to control VOC emissions and rapidly growing automotive productions.
In terms of regions, Asia-Pacific is estimated to be the largest adsorption equipment market during the forecast period. The growth of the region is attributed to the fact that APAC is the hub of automotive, chemical, pharmaceutical, printing, paper, and semiconductor manufacturing and these industries generate huge demand for adsorption equipment in the region. China and India are the growth engines of the region.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Key players
Some of the major players in the adsorption equipment market are-
- Durr AG
- CECO Environmental
- Evoqua Water Technologies LLC
- TIGG LLC
- CTP GmbH
- TAIKISHA LIMITED
- Environmental C & C Inc.
- Gulf Coast Environmental Systems
- Monroe Environmental Corp
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