Automatic Tube Cleaning Market Segmentation by System Type (Automatic Ball, and Automatic Brush Tube Cleaning System); and by End-User (Power Generation, Oil & Gas, Commercial Space, Hospitality, and Others) – Global Demand Analysis and Opportunity Outlook 2030
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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
November 2020: Ovivo announced the acquisition of the businesses of Alar Engineering Corporation, Alar Chemical Sales, and Alar Leasing Inc. This acquisition fulfils Ovivo’s objective to develop a strong presence in the industrial water and wastewater markets of North America.
June 2020: Saur, a French water technology company, acquired Nijhuis Industries. This acquisition supports the growth strategy of Saur for the activities in the field of industrial water treatment.
The global automatic tube cleaning market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2022-2030. The rising adoption of automatic tube cleaning systems to increase industrial plant output and for lowering maintenance costs is the major factor expected to fuel the progress of this market. Along with this, automatic tube cleaning systems optimize the equipment function by removing foulants, residue deposits, and build-up without the use of any harmful chemicals. In this way, these systems extend the life of capital equipment, avoid corrosion build-up, and eliminate the need for mechanical or chemical cleaning, which are anticipated to be the primary reasons for the market’s growth in the forthcoming years. Furthermore, the growing contribution of the manufacturing sector in the total economic growth of the world is evaluated to support the demand for automated tube cleaning systems for equipment maintenance, and other reasons. According to the data collected from the World Bank, the net manufacturing output of the world as a percentage of GDP increased from 14.14% in 2003 to 15.39% in 2018. Additionally, the manufacturing output performance for East Asia & Pacific region was 23 % which is more than the global average.
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The market is segmented on the basis of system type into automatic ball tube cleaning system and automatic brush tube cleaning system, out of which, the automatic ball tube cleaning system segment is anticipated to grab the largest share by the end of 2030 on account of the cost-effective nature of this cleaning system. Apart from this, the system provides ease of operation by eliminating the need for maintenance shutdowns, which is also projected to contribute to the growth of the segment during the forecast period. Moreover, based on end-user, the power generation segment in the global automatic tube cleaning market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that power generation plants operate in an exceptionally tough setting and have an elevated need for automatic tube cleaning systems to maintain the efficiency of power production.
In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.
Geographically, the global automatic tube cleaning market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific is predicted to occupy the largest share over the forecast period owing to the increasing demand for continuous electricity supply as a result of heightened development activities and rapid growth of the population in the region. Furthermore, the market in North America is evaluated to occupy the second-largest share in terms of revenue during the forecast period, ascribing to the rising need for enhancing operational efficiency in industries and commercial spaces in the region. Along with this, North America also leads in terms of early technology adoption, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share on account of high focus on energy conservation by organizations in the region on the back of the growing environmental concerns and strong presence of service providers specializing in automatic tube cleaning systems. As per the analysis of the International Energy Agency, till 2018, total greenhouse gas emissions in European Union had decreased by 17% since 2005 and by 23% since 1990.
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The global automatic tube cleaning market is further classified on the basis of region as follows:
Our in-depth analysis of the global automatic tube cleaning market includes the following segments:
Ans: The rising adoption of automatic tube cleaning systems to increase the plant output and lowering the maintenance costs is the key factor driving market growth.
Ans: The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2022-2030.
Ans: Limitations related to design in some automatic tube cleaning systems and the limited awareness about the advantages of these systems are estimated to hamper market growth.
Ans: The market in Asia Pacific region will provide ample growth opportunities owing to the increasing demand for continuous electricity supply among the countries of the region.
Ans: The major players dominating the automatic tube cleaning market are Ovivo, Inc., Nijhuis Industries, Hydroball Technics Holdings Pte Ltd, and WSA Engineered Systems, among others.
Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by system type, end-user, and by region.
Ans: With respect to end-user, the power generation segment is anticipated to hold the largest market share owing to the fact that power generation plants have an elevated need for automatic tube cleaning systems.
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