LONDON--(BUSINESS WIRE)--The global dust suppression systems market is projected to grow to USD 14.41 billion by 2021, at a CAGR of more than 4% over the forecast period, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the global dust suppression systems market for 2017-2021. Based on product, the market is divided into wet dust suppression system and dry suppression system segments.
|Dust suppression or dust control systems are used to suppress or collect the dust produced by industrial processes such as cement manufacturing, steel production, and mining activities. The high rate of infrastructural development in emerging countries is one of the key factors driving the growth of the global dust suppression systems market.|
Technavio’s research study segments the global dust suppression systems market into the following regions:
Dust suppression systems market in the Americas
“The Americas dominate the dust suppression systems market, generating over 42% of the overall revenue. The market segment is expected to grow at a moderate rate, driven by the steady demand from industries and construction activities in North America,” says Sarah Haque, a lead analyst at Technavio for power research.
The majority of the demand for dust suppression systems is expected to originate from residential construction which includes single-family housing, multi-family housing, and improvements such as additions, alterations, and replacements.
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Dust suppression systems market in EMEA
The dust suppression systems market in EMEA is projected to reach USD 5.04 billion by 2021, with most of the growth originating from developing economies in Eastern Europe, Africa, and the Middle East. Also, improvements in the economy are leading to rising disposable income among consumers, which is positively impacting the market. Recently, there has been an increase in construction activities in Europe, which is expected to grow further and contribute to the growth of the dust suppression systems market in this region.
Dust suppression systems market in APAC
“APAC is projected to post the fastest growth over the forecast period, with a CAGR of well over 4% through 2021. The key factors contributing to the growth will be rapid urbanization in countries such as India and China,” says Sarah.
The growth in infrastructural, construction, and manufacturing activities will fuel the market growth of dust suppression systems in this region. Also, investments from foreign companies such as Swiss multinationals towards infrastructural development in the region will further foster the market growth.
The top vendors in the global dust suppression systems market highlighted in the report are:
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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