November 05, 2020
According to the report titled ‘Global Automatic Tube cleaning system Market Size, by Type (Automatic Ball Tube Cleaning system and Automatic Brush Tube Cleaning system), by End-user Industry (Power Generation, Oil & gas, Commercial space, Hospitality and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global automatic tube cleaning system market was valued at USD 109.50 billion in 2019 and is projected to expand with a CAGR of 4.2% during 2020-2027.
Extensive deployment of HVAC systems across various end-use sectors such as hospital, power generation, and oil & gas is primarily driving the growth of global automatic tube cleaning system market. According to Statista, global HVAC industry is expected to rise from USD 240.8 billion in 2019 to USD 367.5 billion by the year 2030.
Notably, automatic tube cleaning structure is solely built for the purpose of cleaning and functional maintenance of HVAC systems. The structure clears out any deposits or obstructions that hamper ventilation, thereby ensuring efficient functioning of the overall plant.
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Moreover, rapid growth in the power generation sector is propelling global automatic tube cleaning system industry expansion. However, design related defects in the system are likely to hamper the market growth over the study period.
Based on type, the market is divided into automatic brush tube cleaning system, and automatic ball tube cleaning system. Speaking of end-use scope, worldwide automatic tube cleaning system industry is split into hospitality, commercial space, oil & gas, power generation, and others.
Citing the regional landscape, global automatic tube cleaning system market sphere is segmented into North America, Asia Pacific, Latin America, Europe, and Rest of the World. The report claims that North America currently accounts for a significant market share and is projected to grow further over the analysis period, owing to surging demand for HVAC systems.
Meanwhile, Asia Pacific industry is anticipated to register decent growth during 2020-2027, on account of booming power generation sector.
Major contenders impacting worldwide automatic tube cleaning system market dynamics are Innovas Technologies LLC, Klump & Koller GmbH, Watco Group Pte Ltd., WSA Engineered Systems, Hydroball Technics (SEA) Pte Ltd., Ball Tech Energy Ltd., Ovivo Inc., WesTech Engineering Inc., The Beaudry Company, and Taprogge GmbH.