Being one of the crucial components of industries using dust collection systems, abort gates will provide significant opportunities during the forecast period. Abort gates make dust collection systems safe for industrial equipment and workers across various industries such as food processing, agricultural industry, wood industry, and metal industry, which has been bolstering market growth.
Fact.MR, in its latest research report, offers insights on key factors expected to fuel demand for abort gates over the next ten years. The report details how the market is expected to expand across 20+ high-growth countries through 2030, along with information on how the COVID-19 pandemic has affected market growth across regions.
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Category-wise Insights
Which duct size of abort gates has the highest share in the global market?
Small-sized abort gates of duct size less than 25” had a market share (by volume) of more than 40% in the year 2020. However, this share will decrease with increasing demand for medium-sized abort gates, which can be understood by the +189 BPS of the segment for the forecast period. Although, small- and medium-sized abort gates have a large share in the market by volume, in term of value, large-sized abort gates hold more than half of the market share.
How big is the opportunity for abort gates in the food Industry?
Looking at the current scenario, the food industry, which includes food the processing industry and agricultural industry, has a significant global share of around 50%. The need for abort gates, especially high-speed abort gates in the food industry is pretty high due to high occurrences of accidents in the industry, and therefore, it uses high-speed abort gates extensively.
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Competition Landscape
Fact.MR has profiled the following prominent abort gate manufacturers in its report:
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Although only 19% of the United States’ GDP is generated through the manufacturing sector, in terms of revenue, the country is the third-largest manufacturer in the world, with a record high real output in Q1 2018 of US$ 2 trillion. The U.S. manufacturing industry employed more than 13 million people in December 2018.
Owing to these figures, along with growing food processing, abort gates have a significant market in the country. For handling combustible dust in general, there are numerous safety standards issued by many organizations, including the one issued by the National Fire Protection Association (NFPA) in the United States.
Organizations are issuing standards specifically for handling food and agricultural dust. Recently, NFPA 652, the Standard on the Fundamentals of Combustible Dust, announced new recommendations applicable to all dust handling industries.
During the forecast period, the abort gate market in the United States is expected to forge ahead at a CAGR of around 6%. Market value is expected to cross US$ 22 Mn by the end of 2030.
For More Insight- https://www.einpresswire.com/article/557050105/demand-for-alumina-oxide-automotive-ceramics-market-is-expected-to-grow-at-a-cagr-of-5-over-the-forecast-period
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