Expanding at a CAGR of 3%, the global clean steam separator market is likely to amass a market value worth US$ 3,441.3 Million by the end of the forecast period of 2022-2032. The market is projected at US$ 2,554 Million in 2022. The industry exhibited a compounded expansion rate of 2.8% in the timeframe of 2016-21. The growth of the market can be attributed to the growing demand for power across the globe, especially in developing regions, such as Asia Pacific.
Clean steam separators are in high demand due to their ability to reduce water content and improve raw material quality in mineral processing. Separators are also gaining popularity in the pharmaceutical industry for purposes such as product sterilisation, sterile solution manufacturing, and biopharmaceutical manufacturing, among others. Aside from the aforementioned sector, the product is gaining traction in a variety of other industries, including chemical processing, oil and gas, food and beverage, and paper and pulp.
During the forecast period, new product launches are expected to broaden market growth opportunities. Spirax Sarco, for example, will launch a new range of steam in November 2020 that generates safe and consistent food quality steam.
The rapid expansion of the food and beverage sector across the globe has generated significant demand for an efficient clean steam separator. Benefits provided by the product like reduced waste and downtime, reduced risk, removal of contaminants, and consistent quality among others are likely to play a significant role in driving the demand for the product in the food and beverage sector.
In addition, the chemical processing sector has been recognized as another significant consumer of the product. It offers benefits such as prevention of corrosion, scale build-up, and fouling which otherwise would damage the equipment enhances heat transfer in steam boilers and results in higher efficiency. Thus, growing demand for the product in various end-use sectors is anticipated to play a key role in developing the market during the forecast period.
During the forecast period, Europe is expected to have the largest market share. The region is expected to account for 28% of global market revenue in 2022. Developed countries such as the United Kingdom, Sweden, Russia, and others are expected to make the most significant contributions to market development during the forecast period.
The gas processing sector in Russia is expected to be one of the most significant contributors to regional market growth. Initiatives taken by the government to develop the country’s gas processing sector may benefit the market in the future.
- Didion Separator
- Colton Industries
- Kelburn Separation Specialists
- Cole Industries Inc.
- Spirax-Sarco Engineering plc
- Forbes Marshall
- Kadant Inc.
- Sesotec GmbH
- Penn Separator Corporation