What is Global Adsorption Equipment Market?
The Global Adsorption Equipment Market is a vast and dynamic sector that plays a crucial role in various industries. This market revolves around the equipment used for adsorption, a process where certain particles are attracted and adhere to a surface. The equipment is designed to control pollution by capturing and treating volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) from industrial exhaust streams. The global market for this equipment is continually evolving, driven by the increasing need for pollution control and the growing awareness about environmental conservation. In 2023, the market was valued at US$ 421 million, and it's expected to grow significantly in the coming years.
Less than 10,000 CFM, 10,000-50,000 CFM, More than 50,000 CFM in the Global Adsorption Equipment Market:
The Global Adsorption Equipment Market is segmented based on the capacity of the equipment, which includes Less than 10,000 CFM, 10,000-50,000 CFM, and More than 50,000 CFM. The less than 10,000 CFM equipment is typically used in small-scale industries or applications with lower emission levels. On the other hand, the 10,000-50,000 CFM equipment is used in medium-scale industries, while the more than 50,000 CFM equipment is used in large-scale industries with high emission levels. The choice of equipment depends on the volume of pollutants to be treated, the type of pollutants, and the specific requirements of the industry.
Automotive Paints, Chemical, Semiconductor, Printing in the Global Adsorption Equipment Market:
The Global Adsorption Equipment Market finds its application in various sectors such as Automotive Paints, Chemical, Semiconductor, and Printing. In the automotive paints sector, the equipment is used to control the emissions from the painting process. In the chemical industry, it's used to capture and treat the harmful gases released during various chemical reactions. In the semiconductor industry, the equipment is used to control the emissions from the manufacturing process of semiconductors. Lastly, in the printing industry, it's used to control the emissions from the printing and drying processes. Each of these sectors has specific requirements and challenges, and the adsorption equipment market caters to these needs with innovative and efficient solutions.
Global Adsorption Equipment Market Outlook:
Looking at the market outlook for the Global Adsorption Equipment Market, it's clear that the sector is set for substantial growth. In 2023, the market was valued at US$ 421 million. However, it's projected to reach a value of US$ 591 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for pollution control equipment across various industries and the growing awareness about environmental conservation.
| Report Metric | Details |
| Report Name | Adsorption Equipment Market |
| Accounted market size in 2023 | US$ 421 million |
| Forecasted market size in 2030 | US$ 591 million |
| CAGR | 5.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Durr Aktiengesellschaft, CECO Environmental, Evoqua Water Technologies, TIGG, Chemisch Thermische Prozesstechnik, TAIKISHA LIMITED, Environmental C & C Inc., Gulf Coast Environmental Systems, Monroe Environmental |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
