The global clean steam separator market is expected to be worth US$ 3,441.3 Million by the end of the forecast period of 2022-2032. The market is expected to be worth $2,554 million USD in 2022. The industry grew at a compounded rate of 2.8% between 2016 and 21. Rising global demand for power, particularly in developing regions such as Asia Pacific, is driving market growth.
For example, in March 2021, Jubilant Food Works announced plans to bring the multinational chain of chicken fast food restaurants ‘Popeyes’ to India. During the forecast period, such factors are likely to have a positive impact on the market.
In any type of industrial engine wet steam reduces thermal efficiency, further, it can also cause a hydraulic lock or erode internals. Thus, clean steam separators becomes an essential part of many industrial processes, where handling steam and moisture is unavoidable. A typical steam separator uses a tangential inlet and cyclonic action to instantly separate steam and condensate, however, simpler versions are also available.
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Clean steam separators come across a variegated range of sizes, for different pressure ranges, for different applications. Demand for clean steam separator is directly proportional to growth of its end use industries. Due to gradually increasing growth rate among most end use industries, the global clean steam separators market is expected to expand with a moderate CAGR over the forecast period.
Clean Steam Separators Market: Drivers & Restraints
The prime factor boosting the growth in the global Clean Steam Separators market is the rising demand for power across developing nations of Asia Pacific. As coal still remains the most dominant fuel for power generation, demand for steam separators will continue to rise. With reviving economies of US and Western Europe, the chemical and chemical processing industries of the region will also drive the demand for clean steam separators.
Furthermore, as regulation become stricter regarding industrial safety, clean steam separators are bound to witness untapped installation areas, where moisture can corrode other equipment. Reviving crude oil prices is also fuelling oil and gas companies to further invest in gas processing stations, which is also driving more demand for clean steam separators.
Clean Steam Separators Market: Regional Outlook
Geographically, Clean Steam Separators market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. North America has been the global leader in generating demand for clean steam separators, amid, matured industrialization and its giant thermal power industry.
However, over the forecast period, the region’s clean steam separator market is expected to witness maturity levels, as focus on renewable energy rises. Contrary, Western Europe is already catering a mature clean steam separators market, but with reviving chemical and pharmaceutical industry of the region, demand for clean steam separators is anticipated to rise gradually over the forecast period.
Asia Pacific Excluding Japan (APEJ) is expected to present the most impressive growth considering the demand for clean steam separators. China and India are anticipated to take the lead, amid, increasing demand for power in these countries. Also, as prominent chemical processing and oil & gas companies such as BASF, Dow, Shell, etc. initiates their processing facilities in the region, demand for clean steam separator shall witness a rise.
Japan is another prominent clean steam separators market and is expected to maintain its dominance throughout the forecast period. This can be attributed to a number of reasons such as Japan’s dominant chemical and rubber industry. Latin America and Eastern Europe are also rising markets in terms of demand for clean steam separators, particularly because of rising power demand in the region, and also reviving oil and gas industry.
Gas processing in Russia in one such sector which will attract high demand for clean steam separators. Middle East and Africa is also a prominent region in terms of growing demand for clean steam separators, as KSA plans to diversify its economy. Furthermore, the region has always been highly dependent on fossil fuels for its power consumption, which will continue to drive demand for clean steam separators.
Clean Steam Separators Market: Key Players
Some of the key players identified in Global Clean Steam Separators market are:
- Eaton
- Didion Separator
- Colton Industries
- Kelburn Separation Specialists
- Cole Industries Inc.
- Spirax-Sarco Engineering plc
- Forbes Marshall
- Kadant Inc.
- Sesotec GmbH
- Penn Separator Corporation
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Key Segments Profiles in the Global Clean Steam Separator Market
Clean Steam Separator Market by Type:
- Cast Steel Clean Steam Separator
- Stainless Steel Clean Steam Separator
- Aluminum Clean Steam Separator
- Bronze Clean Steam Separator
- Other Clean Steam Separator
Clean Steam Separator Market by Structure Type:
- Flanged Clean Steam Separator
- Fabricated Clean Steam Separator
- Flanged and Fabricated Clean Steam Separator
- Others Clean Steam Separator Structure Types
Clean Steam Separator Market by End Use:
- Clean Steam Separator for Utilities
- Clean Steam Separator for Chemical Processing
- Clean Steam Separator for Oil and Gas
- Clean Steam Separator for Food and Beverage
- Clean Steam Separator for Paper and Pulp
- Clean Steam Separator for Pharmaceuticals
- Clean Steam Separator for Other End Uses