May 14, 2021
According to the recent research report titled ‘Adsorption Equipment Market Size By Type (Fixed Bed, Disposable/Rechargeable Canisters, Moving Bed Adsorbers, Fluidized Bed Adsorbers), By Phase (Liquid Phase, Vapor Phase), By End Use (Waste & Wastewater Treatment, Furniture Manufacturing, Electronics, Automotive, Printing, Industrial Equipment) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global adsorption equipment market is anticipated to amass USD 340 million by the year 2025.
Global adsorption equipment market growth is majorly fueled by growing environmental concerns and subsequent strict norms in emerging countries.
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Notably, adsorption equipment play an important role in eliminating the content of VOC (volatile organic compound) from the gaseous streams and pollutants from water.
Water scarcity has impacted almost every region of the globe, with around a quarter of the world's population living in regions where water is physically scarce. Most of the populace face economic water shortages owing to a lack of adequate infrastructure.
Economies like South Africa and Mexico are suffering from such issues which is boosting product demand from wastewater & water treatment facilities, augmenting worldwide adsorption equipment industry share.
Speaking of the negatives, hefty costs associated with the product installation and setup, coupled with product incompatibility for higher VOC concentrations are hindering worldwide adsorption equipment market expansion.
Based on product gamut, moving bed segment is poised to record a compound annual growth rate of 2.5% over 2019-2025. With respect to phase, vapor phase segment was valued at USD 250 million in 2018 and is projected to grow substantially through 2025, owing to wide usage of these equipment in end use industries.
As per end user scope, global adsorption equipment market share from water & wastewater treatment segment is anticipated to exhibit 2.7% CAGR through 2025, attributable to declining ground water table, and high level of water contamination.
Considering the geographical ambit, North America is predicted to hold considerable portion of global adsorption equipment market share by the end of study duration, creditable to presence of furniture manufacturing, automotive, and industrial equipment industries. Surge in furniture sales in the U.S. will further bolster the adoption of adsorption equipment, as it used in furniture manufacturing sector to minimize VOC emission.