LONDON--(BUSINESS WIRE)--The new dust suppression systems market research from Technavio indicates positive growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the growth in mineral processing,” says a senior analyst for the industrials industry at Technavio. "The vendors should focus on growth prospects in the fast-growing segments while maintaining their position in the slow-growing segments. As the markets recover Technavio expects the dust suppression systems market size to grow by USD 2.89 billion during the period 2020-2024."
Dust Suppression Systems Market Segment Highlights for 2020
- The dust suppression systems market is expected to post a year-over-year growth rate of 4.00%.
- Based on the product, wet dust suppression systems saw maximum growth in 2019. Factors such as growth in mineral processing will offer immense growth opportunities for the segment.
- The market growth of the segment will be significant during the forecast period.
Regional Analysis
- 36% of the growth will originate from the North America region.
- North America will offer several growth opportunities during the forecast period. The infrastructural development in developing economies will significantly influence the dust suppression systems market in the North American region.
- The US is one of the key markets for dust suppression systems in North America.
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Notes:
- The dust suppression systems market size is expected to accelerate at a CAGR of over 4% during the forecast period.
- The dust suppression systems market is segmented by the product (Wet dust and Dry dust) and geography (North America, Europe, APAC, MEA, and South America).
- The market is fragmented due to the presence of many established vendors holding significant market share.
- The research report offers information on several market vendors, including Beltran Technologies Inc., Camfil AB, Company Wrench Ltd., Donaldson Co. Inc., EmiControls GmbH, Global Road Technology International Holdings (HK) Ltd., Nederman Holding AB, Parker Hannifin Corp., Quaker Chemical Corp., and Spraying Systems Co.
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