PUNE, India, November 23, 2016 /PRNewswire/ --
The report "Mist Eliminator Market by Type (Wire MESH, VANE, Fiber Bed), Material (Metal, Polypropylene, FRP), Application (Distillation Tower, Evaporator, Knockout Drum, Scrubber), End User, and Region - Global Forecast to 2026", published by MarketsandMarkets, the global market is projected to reach USD 1,152.4 Million by 2026, at a CAGR of 5.3% from 2016 to 2026.
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Several countries, including the U.K., the U.S., Germany, and India, among others, have started rewarding companies that have diligently followed emission norms throughout the year with tax exemption and other type of incentives. Considering the growing concerns regarding environmental protection, emission standards are expected to become more rigid over time, which is expected to drive the market for mist eliminator in the coming years.
Desalination was the fastest-growing end user segment of the global mist eliminator market
Based on end user, the mist eliminator market has been segmented into oil & gas, desalination, power generation, chemical, and others. The oil & gas segment accounted for the largest share of the mist eliminator market in 2015, however, the desalination segment is projected to be the fastest-growing segment from 2016 to 2021. Desalination of saline water is becoming essential to provide sustainable sources of fresh water for a wide range of industrial and residential applications.
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Wire mesh was the largest segment of the mist eliminator market
Based on type, the Mist Eliminator Market has been segmented into the wire mesh, vane, fiber bed, and others. Wire mesh mist eliminators are the most common type of mist eliminators and are projected to grow at the highest CAGR during the forecast period. Low cost of wire mesh and efficient removal of entrained liquid droplets from vapor or gas streams.
The Asia-Pacific region was the largest market for the mist eliminator in 2015
Asia-Pacific was the largest market for mist eliminator in 2015, owing to the increase in demand for the mist eliminators in this region. The market growth in the Asia-Pacific region is driven by the stringent air emission standards to be followed by coal-based thermal power plants in China and India.
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The key players operational in the mist eliminator market include Sulzer Chemtech (Winterthur, Switzerland), FMC Technologies Inc. (Texas, U.S.), Munter AB (Stockholm, Sweden), Koch-Glitsch (Kansas, U.S.), Sullair LLC (New York, U.S.), Kimre Inc. (Miami, Florida), Air Quality Engineering, Inc. (Minneapolis, U.S.), MECS Inc. (Missouri, U.S.), AMACS (Texas, U.S.), and Hillard Corporation (New York, U.S.) among others.
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