Vacuum Systems
APAC pneumatic conveying system industry to witness maximum gains over 2015-2022, China and India to be key revenue pockets
Pneumatic Conveying System Market will witness a massive surge over the coming five years owing to the growing requirement for effective filtration across the petrochemical, food, pharmaceutical, rubber & plastic, chemical processing, and ceramic sectors. Food sector, worth USD 5.7 billion in 2014, is expected to grow at a rapid pace in the coming years. As per Global Market Insights, Inc., “Pneumatic Conveying System Industry revenue is slated to hit USD 30.67 billion by 2022.” Rapid technological advancements along with the escalating urge for improving the conveying process efficacy will further boost market demand. Customers prefer the pneumatic conveying system over its mechanical counterpart due to the former’s favorable features such as the low space requirement and flexibility.
Pharmaceutical sector, estimated at USD 5 billion in 2014, will propel pneumatic conveying system industry development over the coming timeline. The growing popularity of this system across pharmaceutical sector can be credited to the escalating demand for power transfer through vacuum. Ceramics sector will surpass USD 5 billion by 2022, and is forecast to contribute substantially towards pneumatic conveying system market size over the forthcoming years, driven by the automation of processes in various industrial establishments.
Germany pneumatic conveying systems market size, by technology, 2012-2022
(USD Million)
Based on the operating principle, pneumatic conveying system is segmented into two main types – Dilute Phase Conveying System and Dense Phase Conveying System. Dilute phase conveying system is expected to record a CAGR of 5.5% over 2015-2022. It is likely to dominate global pneumatic conveying system market revenue over the next few years, driven by its ability to use air pressure effectively for conveying materials. Dense phase conveying system, estimated at USD 5 billion in 2014, will record significant gains over the coming timeline, driven by the efficient usage of pressure and blow tanks.
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Taking into consideration the regional trends, Asia Pacific pneumatic conveying system industry is forecast to display highest growth over the next few years. Speedy industrial development across India and China is expected to drive the regional growth. Pneumatic Conveying System market in China is projected to grow at a rate of 6.2% over 2015-2022. Driven by the high rate of industrialization, India Pneumatic Conveying System industry is anticipated to hit USD 1,240 million by 2022.
U.S. industry is anticipated to reach USD 6 billion by 2022, and will drive North America Pneumatic Conveying System market in the years ahead. Easy availability of technologically advanced filters along with the introduction of novel methods that facilitate free material flow will contribute significantly towards the expansion of the industry.
Europe Pneumatic Conveying System industry value, which was estimated at USD 6 billion in 2014, will grow considerably over the coming five years. Stringent rules for maintaining sanitation and improved hygienic standards will boost the regional revenue.
Market players will try to increase their ROI through strategic alliances and new product launches. Key industry participants include Gericke, Pneucon Valves Private Limited, Atlas Copco, Flexicon Corporation, Coperion K-Tron, Dynamic Air Incorporation, Schenck Process LLC, Dong Yang P&F Company, Cyclonaire Corporation, and AZO GmbH & Co. KG.
Author Name :Dhananjay Punekar
Global Medical Gas Equipment Market Outlook: North America to generate the maximum revenue followed by Europe
Advancements in the pharmaceutical industry and rising geriatric population have created huge growth opportunities for the medical gas equipment market. The increasing occurrence of chronic respiratory diseases and rising demand for point of care and home healthcare products will accelerate the medical gas equipment industry growth. According to Global Market Insights, Inc. “Medical gas equipment market is projected to witness a CAGR of 7.7% over the period of 2016-2024.” Medical gas equipment has wide range of applications in biotechnology and pharmaceutical industry, such as drug discovery and development, cell culture study, and pharmaceutical manufacturing, which in turn will drive the industry growth.
U.S. Medical Gas Equipment Market Size, by Product, 2012- 2024 (USD Mn)
Considering the global trends, North America medical gas equipment market, led by U.S. is witnessing rapid surge, owing to favorable industry initiatives, rising demand for minimal medical interventions, and improved access to healthcare infrastructure. The U.S. medical gas equipment market is anticipated to surpass USD 2.4 billion by 2024.
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Europe being the second largest revenue generating region in 2015, is estimated to surpass USD 1.9 billion by 2024. Germany medical gas equipment industry is projected to exceed USD 533 million in coming seven years. Increasing assistance and support provided to the industry players from organizations such as European Industrial Gases Association and Medical Gas Association will promote the business expansion.
Asia Pacific region is also poised to observe escalating gains from China medical gas equipment market which is projected to grow at an annual rate of 10% over the period of 2016-2024. Growing geriatric population, rising number medical casualties, and high prevalence of pulmonary diseases will propel medical gas equipment market growth.
Major products in the medical gas equipment industry include manifolds, outlets, vacuum systems, masks, medical air compressors, regulators, and cylinders. Growing vacuum systems penetration and high cost should profit the vacuum systems industry share. Vacuum systems having had accounted for 30% of the overall medical gas equipment market in 2015, is projected to exceed a revenue of USD 2.2 billion by 2024.
Medical mask is another profitable product segment of the medical gas equipment industry growing at an annual rate of 9.2% over the period of 2016-2024. Due to its low manufacturing cost and high demand, the medical masks sector is likely to be the fastest growing segment of the industry. Moreover, other products including regulators, manifolds, and gas outlets are also poised to witness significant gains in the coming years.
Increasing healthcare spending capacities in the emerging economies such as India and China will hold high growth potential for the medical gas equipment industry. Moreover, implementation of favorable regulatory actions by U.S. FDA Safety and Innovation Act and another supportive organizations such as Compressed Gas Association (CGA) and Gases and Welding Distributors Association (GAWDA) will positively influence the growth of medical gas equipment industry. Global medical gas equipment market share is highly consolidated with key players such as Air Liquide and Linde Gas accounting for over 38% of industry revenue in 2015. Other key industry participants include Praxair, BeaconMedaes, Air Products and Chemicals, Matheson Tri-Gas, and Air Gas.
Author Name : Ojaswita Kutepatil
Global Market Insights Inc. 