A recent report published by Infinium Global Research on the distillation systems market provides an in-depth analysis of segments and sub-segments in the global as well as regional distillation systems market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional distillation systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global distillation systems market. According to the report, the global distillation systems market is projected to grow at a CAGR of 4.7% over the forecast period of 2019-2025.
The distillation process is the separation of the different components from the mixture of the different elements. It helps to separate the different elements as per their quality, density and chemical properties. The growing water scarcity and industrialization are helping to grow the demand for the different types of distillation systems. The distillation process is a very crucial phase of different industries to obtain the final products. It is the core function of the food and beverage industry, petroleum, pharmaceutical, chemical, and water treatment industry. The quality of the end product depends on the better distillation system, distillation monitoring and problem-solving during the distillation process since several industrial activities use numerous types of distillation processes. Whenever any distillation process is neglected it costs heavily to the business organization. Hence, all industry where distillation process is used, they are more concerned about it, and always ready to adopt modern distillation technology to enhance their product offering.
The growing industrialization activities, increasing incidence of the contaminated water, polluted water sources, rivers are helping to grow the distillation system market. Further, the growth of the agriculture-based industries, chemical industry, and pharmaceutical industries around the world are helping to grow the demand of the distillation system for different industries. However, the installation of the distillation system is a costly affair, hence the cost factor is hampering the growth of the market. The growing industrialization in the developing countries is expected to boost the demand for the distillation systems for several types of industries in the near future.
Geographically, the distillation systems market is segmented into four regions, namely North America, Europe, Asia-Pacific, and RoW. North America holds a major share in the distillation system market, owing to the presence of several leading distillation companies in this region, Additionally, presence of the several types of industries as petroleum, chemical, pharmaceutical, food and beverage, and water treatment industries is helping to grow the demand of the different type of the distillation system in this region. Europe is the second largest market after North America for the distillation system market. The Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the growth of the different types of industries in this region. Additionally, growing water scarcity in major countries such as India and China, and the growing incidence of water pollution due to several reasons in this countries is helping to grow the demand of the distillation system in this region.
The report on the global distillation systems market covers segments such as component, technique, application, operation, and process. On the basis of component, the sub-markets include column shells, plates (or trays) & packings, reboilers & heaters, condensers, and other components. On the basis of technique, the sub-markets include fractional, steam, vacuum, med, and other techniques. On the basis of application, the sub-markets include water treatment, food & beverage, petroleum, pharmaceutical, and chemical. On the basis of operation, the sub-markets include continuous, and batch. On the basis of process, the sub-markets include multicomponent, and binary.
The report provides profiles of the companies in the market such as Bosch Packaging Technology, BÜFA Composite Systems GmbH & Co. KG, EPIC Modular Process Systems, L&T Hydrocarbon Engineering, Praj Industries, Anton Paar GmbH, Pilodist GmbH, Core Laboratories N.V., Sulzer Ltd., and Alfa Laval AB.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of distillation systems market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.