Growing Application in Power Generation to Steer Mist Eliminator Market Past US$ 846 Bn by 2030

Growing Application in Power Generation to Steer Mist Eliminator Market Past US$ 846 Bn by 2030

PR Newswire

NEW YORK, Dec. 15, 2021

- Over 50% of Mist Eliminator Sales to be Contributed by Wire Mesh Eliminators Segment

- Fact.MR's latest report on the mist eliminator market provides a comprehensive analysis of growth drivers, restrains and crucial trends that are currently shaping the market dynamics. It highlights various emerging opportunities across leading segments in terms of type, material, end user and region.

NEW YORK, Dec. 15, 2021 /PRNewswire/ -- As per latest Fact.MR analysis, the global mist eliminator market is projected to reach a valuation of around US$ 846 Mn by the end of 2030. Growth in the market is primarily driven by rising demand for mist eliminators from diverse end-user industries such as oil & gas, power generation, and chemical.

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Mist eliminators are the equipment used for removing contaminated liquid droplets and other unwanted substances from vapor stream. They have emerged as ideal products for controlling the emission levels across industries.

Implementation of stringent emission regulations by government and other regulatory bodies has compelled industrialists to enhance worker safety and minimize emission levels. As a result, various types of mist eliminators are being employed in industries.

According to the Occupational Safety and Health Administration (OSHA), annually thousands of workers succumb due to occupational diseases caused by breathing air contaminated with harmful dusts, fogs, mists, gases, smokes and vapors.

Further, rising penetration of industrialization and increase in power generation plants across emerging economies is expected to continue to augment the demand for mist eliminators over the forecast period.

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Hence, leading manufacturers are aiming at developing new products with cost efficient features. Moreover, high efficiency mist eliminators are being incorporated in devices such as venture scrubbers and condensation scrubbers. This is expected to bode well for the market.

As per Fact.MR, in terms of type, wire mesh eliminators is anticipated to dominate the mist eliminator market, accounting for more than 50% share of the market in 2020. Consumers prefer wire mesh eliminators as they offer high separation efficiency at the lowest installation costs.

Regionally, North America will retain its dominance in the mist eliminator market, accounting for around 33% share in 2020. Growth in the region is attributed to presence of stringent emission regulations, rising number of power generation plants, and heavy industrialization.

"Rapid establishment of power generation plants across the globe is creating lucrative growth avenues within mist eliminator market. In order to capitalize and expand their footprint, key players are employing various strategies such as new product launches and partnerships with end-user industries," says a Fact.MR analyst

Key Takeaways from Mist Eliminator Market Survey

Key Drivers

Key Restraints

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Competitive Landscape

Leading players operating in the mist eliminator market are focusing on expanding their product portfolio. Besides this they are establishing partnerships and contracts to deliver best products and services to their customers.

Some of the prominent players operating in the mist eliminator market profiled by Fact.MR are:

More Insights on the Global Mist Eliminator Sales Outlook

Fact.MR provides an unbiased analysis of mist eliminator market, presenting historical demand data (2016-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the global demand for mist eliminator with a detailed segmentation on the basis of:

Type

Material

End User

Region

Key Questions Covered in the Mist Eliminator Market Outlook Report

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