About Industrial Extraction Equipment
Industrial extraction equipment is the equipment that helps to prevent the workplaces as well as the environment from hazards air pollutant substances. This equipment removes all the harmful air contaminated substances in the form of particles, gases or vapors. These dangerous particles are then removed and the employees are protected from the potential health hazards associated with breathing in polluted air. Due to the increment of various chemical industries overall the globe makes Industrial extraction equipment a necessity in order to increase the business growth in the market. Stringent regulations for health and safety executive has also increased the market for Industrial extraction equipment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The main market players are discovering new approaches to keep and accumulate their main edge. Collaborating with different gear organizations is the key to success. The key ides to maintain in this enterprise is value advantageous and technologically superior solution; consequently the corporations are working very intently with the clients as strategic partners. They grant tremendously specialised offerings and merchandise to distinct industrial markets. The upward thrust of rising international locations inside the industrial tools region has created new challenges and opportunities. These markets are turning into the key focal point areas for industrial equipments. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Extraction Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BHOGART (United States), Accudyne Systems, Inc (United States), R & D Equipment Company (United States), Eden Labs (United States), Apeks Supercritical (United States), Nikro Industries (United States), Ace Industrial Products (United States), Isolate Extraction Systems Inc. (United States) and Stevia Corp (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Extraction Equipment market by Type (Closed Loop Extraction Systems & Extractors, CO2 Extraction Systems and Dust and Fumes Extraction), Application (Mining, Oil and Gas, Food Industry, Water and Wastewater, Chemical Process and Others) and Region.
On the basis of geography, the market of Industrial Extraction Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Industrial Extraction Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Urbanization and Industrialization in Developing Countries.
Market Growth Drivers:
Increased Numbers of Chemical Industries Worldwide Globe and Stringent Regulations in Health and Safety Executive for Employees
Challenges:
Lack of Standardization and High Production Cost
Restraints:
High Cost for the Materials used in Equipment’s and Environmental and Human Rights Concerns
Opportunities:
Autonomous Equipment Industrial Extraction to have a Major Impact During the Forecast Period and The Increasing Demand for Industrial Extraction Equipment in Developing Countries
Market Leaders and their expansionary development strategies
In June 2022, Industrial automation firm Cybernetik has acquired an 87.5% majority stake in Buffalo Extraction Systems for an undisclosed cash consideration. The acquisition will position Cybernetik as a pioneering provider of turnkey industrial automation solutions to the companies engaged in the extraction of medicinal plants, herbs, spices & essential oils. It will also expand Cybernetik’s presence to more markets around the world.
In May 2019, The Swedish company Dustcontrol is now launching an extraction product line for the food industry: “Good For Food (GFF)”, to be used especially “When Clean Is Not Enough”. The system is designed to contribute to safe and hygienic food production.
In the UK, the Health and Safety Executive has implemented COSHH regulations to ensure all industrial workplaces protect the health of their employees via effective Local Exhaust Ventilation (LEV). This policy is now being mirrored in other parts of the world including China and North America.
Key Target Audience
Industrial extraction equipment manufactures, Industrial extraction equipment distributors, Private organizations, End –Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.