Sewage Systems Market to Reach $13.86 Billion Globally by 2031 at a CAGR of 4.8%: Allied Market Research

Increase in demand for products, such as food and beverages, oil and gas, and pharmaceuticals and increase in manufacturing facilities drive the growth of the global sewage treatment systems market.

PORTLAND, Oregon., August 23, 2022 /PRNewswire/ — Allied Market Research released a report titled “Scrubber Systems Market By End-User Industry (Energy & Power, Metal, Construction, Others), By Material Of Construction (Metal-Based, Non-Metal-Based), By Product Type Dry, Wet Scrubbers, Electrostatic Precipitators): Global Opportunity Industry Analysis and Forecast, 2022-2031“. According to the report, the sewage system industry generated $8.47 billion in 2021, and should generate $13.86 billion by 2031, with a CAGR of 4.8% from 2022 to 2031.

Main determinants of growth

Rising demand for products such as food & beverage, oil & gas, and pharmaceuticals and increasing manufacturing facilities are driving the growth of the global sewage systems market. However, the high initial costs of these systems limit the market growth. Moreover, increasing product launches and acquisitions by major market players present new opportunities in the coming years.

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Covid-19 scenario

  • The outbreak of the Covid-19 pandemic has had a positive impact on the global sewage system market, thanks to the implementation of the global lockdown. Various manufacturers in the sewage system market have been forced to stop their operations in countries such as Chinathe United States and India.
  • The disruption of production facilities has had a direct impact on the sales of the sewage system industry, thus hampering the overall market growth.
  • Additionally, supply chain disruptions, lack of manpower and unavailability of raw materials have negatively impacted the growth of the market.
  • However, the reopening of production facilities and the introduction of coronavirus disease vaccines helped the market recover from the pandemic.

The energy and power segment is expected to grow at the fastest rate throughout the forecast period

Based on the end-user industry, the energy and power segment is expected to show the highest CAGR of 5.4% from 2022 to 2031. This is due to the rise in industrialization which creates demand for scrubbing systems to reduce the negative impact of industrial emissions on the environment. The report also identifies segments such as metals and construction.

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The metal-based segment to maintain its leading position during the forecast period

Based on building materials, the metal-based segment accounted for the largest share in 2021, contributing almost three-quarters of the global sewage systems market, and is expected to maintain its leading position during the period of forecast. This is due to the reduced risk of life-threatening diseases. Also, the fact that the governments of various countries have made it mandatory to install proper scrubbing systems and fume extractors in the metallurgical industry is driving the segment. Additionally, the non-metallic segment is expected to show the highest CAGR of 5.4% from 2022 to 2031, owing to the increase in manufacturing and processing industries such as food and beverages, oil and gas. gases and pharmaceuticals.

The Electrostatic Precipitators Segment to Maintain Its Leading Position Over the Forecast Period

Based on product type, the electrostatic precipitator segment accounted for the largest share in 2021, contributing more than three-quarters of the global sewage system market, and is expected to maintain its leading position during the forecast period. . This is due to the growing awareness of air quality management and rapid industrialization in developing and developed economies. However, the dry scrubber segment is expected to show the highest CAGR of 6.7% from 2022 to 2031, due to multiple cell-side options, high clean air delivery rate and low consumption. of energy offered by the dry scrubber in particulate air scrubbers.

Asia Pacific maintain dominance by 2031

Based on the region, Asia Pacific held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global sewage system market, owing to the increase in manufacturing industry and labor availability and various government initiatives in the region. However, the LAMEA region is expected to experience the fastest CAGR of 5.8% from 2022 to 2031. This is due to increasing urbanization and industrialization across the globe.

Major Market Players:-

  • Babcock & Wilcox Enterprises, Inc.
  • Alpha Laval Anguil,
  • CECO ENVIRONMENT
  • DuPont de Nemours Inc.
  • Evoque Water Technologies LLC
  • Fuji Electric Co.Ltd
  • HAMON
  • Kono Koggs Inc.
  • Nederman Holding AB,
  • pollution systems,
  • Tri-Mer Corporation,
  • The Clean Air Group LLC,
  • Valmet
  • Verantis,
  • Wartsilah,
  • Yara Marine

The report provides a detailed analysis of these key market players. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements and others to increase their market share and maintain dominant shares in different regions. The report is valuable for highlighting the business performance, operating segments, product portfolio, and strategic moves of market players to present the competitive scenario.

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