Grease Removal Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Grease Removal Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Report Digest
The global market for glass removal equipment is likely to have a princely growth in 2021, over 2020. The market is expected to grow at a significant CAGR.
The purpose of grease removal equipment is to treat the waste water moving out as a by-product from process industries before letting it go out to sewage. Many chemicals are mixed with the waste water which causes water pollution and is harmful to fishes and sea creature. Thus, treating the water before letting out is a mandatory process.
Changing Consumer Preference may lead the growth
Changing consumer preference for a wide variety of food and beverage products is a key growth prospect. Rise in automotive industry is also resulting in increased focus in grease removal equipment. Rise of chemical and cosmetic industries are also adding u for a steady growth of the market.
High operating and maintenance cost
There is a high usage of electricity by the equipment. Requirement of qualified professionals to clean the tank causes a problem. Additionally, it is hard and time consuming to clean a heavy duty component. The grease, oil, tar and dirt gets blended into an extremely hard to remove mess which instead of lessening the work makes it double.
Competitive Landscape
- Highland Tank Company
- Thermaco, Inc
- Town & Country Plastics, Inc
- Josam Company
- Buy- Rite Equipment, Inc
- Astim
- Fluence Corporation Ltd.
- Aqua Mundus
- Environmental Equipment
- WASP Systems
- Mahoney
Recent developments:
- CRC Industries, Inc in September 2020 launched a new advanced technology multi-use parts cleaner proven to clean which aims to clean up 14 times faster than other similar products in the market. The product is highly effective for cleaning, provides high efficiency for cleaning purpose.
- Neste, world’s leading producer of renewable diesel and sustainable aviation has acquired 100% of Mahoney Environmental, a recycler of cooking oil in US. The acquisition aims to fulfil customary closing conditions and regulatory approval.
- 3M in November 2020, launched a ready to use cleanser named as TB Quat Disinfection approved by US Environmental Protection Agency. The cleanser can be used for disinfection against covid-19 in hospitals, nursing homes, schools, hotels, office buildings etc.
Regional Outlook
North America continues to dominate the market with its innovation in food processing technologies and government investments in research and development sector.
Asia Pacific is also expected to witness surge during the forecast period 2021-2031. Use of high precision machines in aviation industry and increasing the number of passenger travel is acting as driver for the growth.
Segmentation
Based on Construction
- Metal
- Plastic
- Cement
Based on Operation
- Mechanical
- Hydraulic
- Electric
- Hybrid
Based on production
- Bag filter
- Core filter
- Automatic filter
Based on End user
- Residential complexes
- Business Establishments
- Food Processing Industries
- Chemical & Cosmetics
- Pharmaceuticals
- Hotels & Hospitals
Based on Region
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- South America
Classify grease removal equipments on the basis of products?
Bag filter, core filter and automatic filter are the three types classified based on product segmentation.
List the manufactures of grease equipments?
Josam Company, Buy- Rite Equipment, Inc, Astim, Fluence Corporation Ltd., Aqua Mundus, Environmental Equipment are some of the companies focussing on research and development in the sector.
Which regions may lead the market during the forecast period 2021-2031?
North America may lead the market during the forecast period with its government investments and adaptation to latest food processing technologies.
What are the factors driving the market growth?
Increase in usage of high precision machines and changing customer preference regarding food and beverages are the key marketing trends for driving the growth.
What are the end user segments helping in boosting the growth?
Business Establishments, Food Processing Industries, Chemical & Cosmetics, Pharmaceuticals are some of the end user segments helping in boosting the growth in North America, Asia Pacific and Europe too.
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- Industrial Analogy
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- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
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