The global automatic ducting machine market is expected to garner a market value of USD 1.5 billion in 2023. It is expected to accumulate a market value of USD 2.2 billion by registering a CAGR of 4.3% in the forecast period. The growth of the global market can be attributed to demand from the chemical processing and utilities/power industry.
In any industrial engine, wet steam reduces thermal efficiency and can cause a hydraulic lock or erode internals. Thus, automatic ducting machines have become essential to many industrial processes where handling steam and moisture is unavoidable. A typical steam separator uses a tangential inlet and cyclonic action to separate steam and condensate instantly. However, simpler versions are also available.
Automatic ducting machines come across a variegated range of sizes for different pressure ranges and applications. Demand for automatic ducting machines is directly proportional to the growth of its end-use industries.
Due to the gradually increasing growth rate among most end-use industries, the global automatic ducting machines market is expected to expand with a moderate CAGR over the forecast period.
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Increasing Demand for Steam Separators Boosting Sales of Automatic Ducting Machine
The prime factor boosting the growth in the global automatic ducting machines market is the rising demand for power across developing nations of Asia Pacific. As coal remains the most dominant fuel for power generation, demand for steam separators is estimated to continue to rise. With reviving economies of the USA and Western Europe, the region's chemical and chemical processing industries are also estimated to drive the demand for automatic ducting machines.
As regulations become stricter regarding industrial safety, automatic ducting machines are bound to witness untapped installation areas where moisture can corrode other equipment. Reviving crude oil prices also fuels oil and gas companies to further invest in gas processing stations, driving more demand for automatic ducting machines.
Increasing Adoption of Renewable Energy Resources Hindering the Growth of Automatic Ducting Machines
Renewable energy resources are a key constraint for the automatic ducting machines market. Moreover, the market has already peaked in developed geographical locations such as North America and Europe.
It, in turn, is lowering the demand for automatic ducting machines in these regions. Furthermore, the massive use of wind and sun to produce and replenish energy at a higher rate creates obstacles for automatic ducting machines. All these factors are affecting the growth of automatic ducting machines.
Attributes | Details |
---|---|
Market CAGR (2023 to 2033) | 4.3% |
Market Valuation (2023) | USD 1.5 billion |
Market Valuation (2033) | USD 2.2 billion |
The global demand for automatic ducting machines is projected to increase at a CAGR of 4.3% during the forecast period. The market registered a CAGR of 3.3% between 2018 and 2022, with a valuation of USD 1.2 billion in 2018 and USD valuation of USD 1.4 billion in 2022.
The strong presence of end-user industries such as chemical processing, pharmaceutical, and oil & gas is a key contributor to the rapid adoption of automatic ducting machines. The COVID-19 pandemic affected the demand for automatic ducting machines due to restricted activities in certain workplaces.
In the upcoming years, the demand for automatic ducting machines is expected to increase due to the need for energy derived from various energy sources. Furthermore, increasing speed, automation, and innovation are expected to change the dynamic of automatic ducting machines in the forecast period.
Quality Maintenance Increasing the Use of Automatic Ducting Machines
The chemical processing industry is a large market contributor. It is owing to the increasing manufacturing of different types of chemical products. Some products manufactured using these machines include adhesives, detergents, herbicides, pesticides, and other related products.
Using these machines helps to speed up the production process and ensures that the quality of the products is maintained. Additionally, they help to keep the work area clean and organized. Thus, chemical processing is expected to hold a 40% market share of the automatic ducting machine market in 2023.
Bulk Solids are Increasing Dependency on Flanged Ducting Machines.
A flanged automatic ducting machine is used to transport bulk solids flexibly. With the increasing presence of end-user industries, the demand for transportation has doubled. Thus, flexibly transporting products has become essential. It can convey coal, ceramic materials, and other non-flammable solid materials.
Flanged ADM has an advantage over spike automatic ducting machines as it can carry more weight, and at the same time, it does not damage the conveyor or loading surface due to its flange shape. Thus, the flanged automatic ducting machine is expected to hold a 40% market share of the automatic ducting machine market in 2023.
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Countries | Forecast Share Between 2023 to 2033 |
---|---|
United States | 18.5% |
Germany | 4.4% |
Japan | 6.3% |
Australia | 1.1% |
Countries | Forecast CAGR Between 2023 to 2033 |
---|---|
China | 5.2% |
India | 5.6% |
United Kingdom | 3.0% |
Rising Power Demand Increasing Dependency on Automatic Ducting Machines.
North America has been the global leader in generating demand for automatic ducting machines amid matured industrialization and its giant thermal power industry. However, the region's market is expected to witness maturity levels over the forecast period as the focus on renewable energy rises.
In addition to the rising demand for automatic ducting machines, particularly because of rising power demand in the region, reviving the oil and gas industry. Thus, for the reasons above, North America is expected to possess a 20.4% market share for the automatic ducting machine in 2023.
Chemical and Pharmaceutical Industries Rely on Automatic Ducting Machines.
Europe is already catering to a mature automatic ducting machines market. Still, with reviving chemical and pharmaceutical industry of the region, demand for automatic ducting machines is anticipated to rise gradually over the forecast period.
Gas processing in Russia is one such sector that is estimated to attract high demand for automatic ducting machines. Thus, for the above reasons, Europe is expected to hold a 16.5% market share for the automatic ducting machine in 2023.
Chemical Processing Industries are Contributing to the Growth of Automatic Ducting Machines.
Asia Pacific is expected to present the most impressive growth considering the region's demand for automatic ducting machines. China and India are anticipated to take the lead, amid increasing demand for power along with the presence of end-user industries is accelerating the growth of automatic ducting machines.
Also, as prominent chemical processing and oil & gas companies such as BASF, Dow, Shell, etc., initiate their processing facilities in the region, demand for automatic ducting machines shall rise. Japan is another prominent automatic ducting machines market and is expected to maintain its dominance throughout the forecast period. Thus, Asia Pacific is expected to procure of 22% market share for the automatic ducting machine in 2023.
The automatic ducting machines start-up ecosystem is replete with players looking to specialize in specific operational areas. Out of these, the HVAC sector has witnessed a flurry of investments in the recent past and is likely to continue in forthcoming years.
Besides manufacturing robust automatic ducting machines for HVAC systems, players rely on Industry 4.0 and other technological advancements. More importantly, cloud-based ducting machines and HVAC regulators are becoming commonplace. Some specific developments are as under:
Key players in the global market are Eaton, Didion Separator, Colton Industries, Kelburn Separation Specialists, Cole Industries Inc., Spirax-Sarco Engineering plc, Forbes Marshall, Kadant Inc., Sesotec Gmbh and Penn Separator Corporation.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD billion for Value |
Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
Key Segments Covered | Material Type, Structural Type, End-use industry, Region |
Key Companies Profiled | Eaton; Didion Separator; Colton Industries; Kelburn Separation Specialists; Cole Industries Inc.; Spirax-Sarco Engineering plc; Forbes Marshall; Kadant Inc.; Sesotec Gmbh; and Penn Separator Corporation. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global ducting machine market is likely to be around USD 1.5 billion in 2023.
The chemical processing industries are figured out to have generated 40% of the total demand globally.
Due to presence of top market players it possesses 18.5% global market share.
The European countries together can hold a 16.5% market share in 2023.
In 2023, the Asia Pacific market share is estimated to reach around 22% of the global market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Cast Steel 5.2. Stainless Steel 5.3. Aluminum 5.4. Bronze 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Structure Type 6.1. Flanged 6.2. Fabricated 6.3. Flanged and Fabricated 6.4. Other 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 7.1. Utilities/Power 7.2. Chemical Processing 7.3. Oil and Gas 7.4. Paper and Pulp 7.5. Pharmaceuticals 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Eaton Corporation 18.2. Didion Separator 18.3. Colton Industries 18.4. Kelburn Separation Specialists 18.5. Cole Industries Inc. 18.6. Spirax-Sarco Engineering plc 18.7. Forbes Marshall 18.8. Kadant Inc. 18.9. Sesotec GmbH 18.10. Penn Separator Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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