“Automatic tube cleaning system market to exhibit significant growth potential between 2018 and 2023”
The automatic tube cleaning system market is estimated to grow from USD 104.6 million in 2018 to USD 130.5 million by 2023, at a CAGR of 4.53% between 2018 and 2023. The significance of improvement in operational efficiency of HVAC systems due to automatic tube cleaning system installation is one of the key factors driving the automatic tube cleaning system market growth. The design related faults/ limitation in some automatic tube cleaning systems restraints the growth of the market.
“Automatic tube cleaning system market for ball type is expected to grow rapidly”
Based on type, Ball-type automatic tube cleaning systems is projected to grow at the highest CAGR during the forecast period as they are used in large heat exchangers in power plants, petrochemical, oil & gas plants, desalinization plants, and refining plants. Ball-type tube cleaning system is an inline tube cleaning system. Hence, there is no need to stop the operation while cleaning, unlike brush-type cleaning system.
“Power generation industry is expected to hold largest size of automatic tube cleaning system market”
The automatic tube cleaning system plays a vital role in maintaining the efficiency of the heat exchangers used in the power generation industry. The automatic tube cleaning system installations are huge, and the prices of such tube cleaning systems in power generation plants are the costliest. Power plants have to deal with an increasingly harsh environment; hence, maintaining the performance of condenser tubes that have an enormous impact on the efficiency of power generation plant is the major issue, which is resolved by the installation of ATCS as the power is generated at maximum efficiency at all times.
“APAC to be fastest-growing market for automatic tube cleaning systems during 2018–2023”
The increasing industrialization in APAC is making the region one of the potential markets for automatic tube cleaning systems. The demand for electricity is increasing in the region, and coal-fired power plants are commonly used to meet the energy demand in this region. The growing need for energy saving and improving operational efficiency in refineries and commercial spaces drives the market for automatic tube cleaning systems in APAC.
The break-up of the profiles of primary participants for the report has been given below:
• By Company Type: Tier 1 = 25%, Tier 2 = 35%, and Tier 3 = 40%
• By Designation: C-Level Executives = 55%, Directors = 30%, and Others = 15%
• By Region: North America = 30%, Europe = 20%, APAC = 45%, and RoW = 5%
Key players in the market TAPROGGE (Germany), Hydroball (Singapore), Ovivo (US), WesTech (US), BEAUDREY (France), Ball Tech (Israel), Nijhuis (Netherlands), WSA (US), and Watco (Singapore) are a few companies in this market.
The research report on the automatic tube cleaning system market covers different segments?type, industry, and geography. The market has been segmented on the basis of type into ball and brush. The automatic tube cleaning system market has been segmented on the basis of industry into power generation, oil & gas, commercial space, hospitality, and others. The report covers 4 regions?North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on type, industry, and geography have been conducted to give an overall view of the automatic tube cleaning system market.
Major drivers, restraints, opportunities, and challenges for the automatic tube cleaning system market have been detailed in this report.
The report includes a detailed competitive landscape, along with key players, and in-depth analysis.