During the projected period (2023-2033), the global industrial steam peeler market is expected to grow at a CAGR of 7.1%. The industrial steam peeler market is projected to grow from US$ 631.0 Mn in 2023 to US$ 1,252.9 Mn by the end of 2033.
Rising usage of technologically advanced steam peelers is projected to boost the demand for industrial steam peelers in the commercial sector. Some of the prominent manufacturers are also focusing on providing a wide variety of power modifications to improve the efficiency of peeling equipment.
For instance, steam peelers with extra features like steam capacitors, heat exchange units, and steam discharge valves are available from TAMRA System ASA. Similar to this, TNA Australian Solutions Pty Limited provides adaptable, dependable, ultra-low maintenance steam peelers. In order to provide high peel productivity, high yield, and consistent skin removal, it offers steam peelers with three distinct steam vessel designs.
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As per FMI, the use of the aforementioned peeling processes leads to high amounts of product loss. Therefore, several companies are focusing on producing industrial steam peelers that can surge the profitability and yield of industrial end users, as well as reduce peel loss.
Key Takeaways from the Industrial Steam Peeler Market Study:
- During the historical period from 2018 to 2022, the global industrial steam peeler market exhibited considerable growth at a CAGR of 4%.
- The industrial steam peeler market in the U.S. is estimated to create an absolute dollar opportunity of about US$ 70.3 Mn by 2033 and generate a share of around 34%.
- The industrial steam peeler market in the U.K. is expected to reach a valuation of US$ 62.6 Mn by 2033 and generate a share of nearly 32%.
- The China industrial steam peeler market is expected to create an incremental opportunity of US$ 46.4 Mn and account for about 35% in the forecast period.
- The industrial steam peeler market is projected to grow from US$ 631.0 Mn in 2023.
Competitive Landscape: Industrial Steam Peeler Market
Some of the leading companies operating in the industrial steam peeler market are Andritz AG, Boema Spa, Buscetto costruzioni meccaniche srl, CFT Spa, and CMI Equipment and Engineering Co.
North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This growth is mainly attributed to the region’s growing population and rising disposable income levels. Furthermore, the North America industrial steam peeler market is expected to grow at a considerable pace in the next ten years due to the presence of a favorable legal and regulatory environment.
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Get Valuable Insights into Industrial Steam Peeler Market
FMI, in its new offering, provides an unbiased analysis of the industrial steam peeler market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for industrial steam peeler market based on product type (batch steam peeler and continuous steam peeler) applications (restaurants, fast-food outlets and households) and region.
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