Global Oil Mist Separator Market to Reach US$326.28 Mn by 2026 as they are Environment Friendly- QY Research, Inc.
Industry: Business
Global Oil Mist Separator Market Research Report has incorporated the analysis of different factors that augment the market growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner.
Los Angeles, CA (PRUnderground) January 24th, 2020
QY Research recently published a report titled, “Global Oil Mist Separator Market Research Report 2020”. In 2019, the global oil mist separator market size was valued at US$257.05 mn and is expected to reach US$326.28 mn in 2026, rising at CAGR of 3.47% between 2019 and 2026.
Demand for Clean Exhaust Air in Industries to Drive Oil Mist Separator Market
Global oil mist separator market is expected to rise as oil mist separators are an integral parts of the crankcase ventilation system that is responsible for the extraction and filtration of oil mist. The separators are used in industries for gas and steam turbines, large-scale compressors, generators, and other equipment with oil systems. Large scale industries are increasingly opting for these separators as they ensure clean exhaust air. They can maintain constant vacuum throughout the lubrication system, retain chemical composition of lubricant oil and reusable lube oil to comply with federal environmental regulations for clean, safe, and dry exhaust air.
Furthermore, use of separator in construction industry as the system is efficient and environmental-friendly. Additionally, it provides heat, glare, and UV-protection. These factors are expected to boost global oil mist separator market.
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Metalworking Segment to Grow Significantly in Forecast Years
Metalworking segment is anticipated to grow significantly as the industry uses oil for cooling and lubricating machines and plastic components. This leads to vaporization and condensation of oil generating vapor, mist, and fume which contaminate the air, creating immense need for oil mist separator for safety and cleanliness.
Europe to Become Largest Shareholder of Global Oil Mist Separator Market
Europe is the largest shareholder in the global oil mist separator market owing to the presence of major manufacturers and various industries requiring oil mist separators. The market is expected to grow significantly during the forecast period.
Manufacturers to Focus on Expanding Product Portfolio Globally
In 2017, Donaldson Company announced that it has acquired Hy-Pro Corporation. Hy-Pro designs, manufactures, and replaces filters for stationary hydraulic and industrial lubrication filtration applications. It is expected to grow its brand of stationary hydraulic and lubrication systems by leveraging Donaldson’s filtration technology. This strategy will help the company expansion to increase their global portfolio and improve shares.
The other major manufacturers covered in the report includes Shangyu Jinke, Absolent, YHB, Nederman, Aeroex Technologies, Mann+Hummel, Wuxi Bodhi, Filtermist, Esta, Showa Denki, 3nine, Keller Lufttechnik, Losma, and others.
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