Penetration of the dust extraction system continues to remain rigorous in mining, quarrying, and oil & gas sector – a key trend complementing steady demand from lumber, construction, and chemical industries. A new Fact.MR study envisages nearly US$ 9,990 Mn worth of dust extraction systems to be sold worldwide by 2028-end, with mining, quarrying and oil & gas accounting for over 25% of sales.
The business intelligence study of the dust extraction system market covers the estimation size of the market both in terms of value (US$ 9,990 Mn) and volume. In a bid to recognize the growth prospects in the dust extraction system market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the dust extraction system market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- Japan and MEA
- APEJ (China, India)
North America’s Dust Extraction System Market Remains Consolidated in the U.S.
North America and Europe continue to endure as lucrative markets for the dust extraction system, however the latter is set to grow at a slighter higher rate through 2028. The dust extraction system market in North America remains consolidated in the U.S., with authorities such as the Environment Protection Agency (EPA) levying rules apropos of emission levels of the dust extraction system that all stakeholders must comply with.
A recent FactMR report foretells the dust extraction system market to record an impressive value CAGR of 6.0% over the forecast period (2018-2028). Over 5,800 thousand units of dust extraction systems are envisaged to be sold globally by 2028-end. With the surge in awareness on clean working environment, which aids workers’ efficiency and therefore an industry’s productivity, dust extraction systems have witnessed increased demand in recent years. Rapid industrialization and globalization have further backed the imperativeness of clean & healthy workplaces, thereby paving avenues for industrial safety & protection equipment, and dust extraction system is no exception. Prominent stakeholders and distributors are therefore targeting a wide range of industries, to offer advanced and distinct dust extraction systems, to boost sales of their products and extend their market reach.
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These regulations aim at protecting employees from parlous work atmosphere including poor air quality. A prime example for such impositions is the new rule implemented by the U.S. Department of Labor, which mandates employers to reduce permissible exposure limits (PEL) for construction workers’ safety. The requirement for periodic maintenance of a dust extraction system, to retain its operational efficiency and ensure its durability, prevails as a key challenge among end-users and manufacturers alike. Planning scheduled downtimes for dust extraction system’s periodic maintenance cycles has endured as an inevitable need for industrial facilities, affecting their productivity and project plans to a certain extent. It is on account of the time-intensive process of restarting production processes that makes shutting down the process impractical to begin with.