Digestion Equipment Market REPORT OVERVIEW
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The global digestion equipment market size is predicted to value at USD 147.7 million in 2021 and is projected to touch USD 208.77 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 3.5% during the forecast period.
Digestion equipment is used to prepare samples for analytical laboratories. The two main categories of digestive apparatus are microwave and hot block. Among these, the microwave digestion system has grown in popularity as a way to dissolve metals because it can do so in a matter of minutes as opposed to the hours it would take using a heated plate. Due to growing public awareness of the value of digestive health and widespread adoption of current dietary advancements, the global market for digestive equipment is anticipated to experience significant expansion.
The most cutting-edge projects of today employ anaerobic digestion to lower greenhouse gas emissions, provide electricity to the grid, produce renewable natural gas (RNG), manage nutrients to reduce water pollution, and produce useful byproducts like bedding for livestock, organic fertilizer, compost, chemicals, and building materials.
COVID-19 Impact: Supply and Lockdown Limitations to Impede Market Advancement
Due to the lockdowns, travel restrictions, and company closures, the COVID-19 epidemic has had an impact on the economies and sectors of many different nations. One of the primary sectors affected by this outbreak is the global food and beverage sector, which is currently dealing with supply chain disruptions, technology event cancellations, and office closures. With and the greatest raw material providers, China is the center of the world's manufacturing.
LATEST TRENDS
" Benefits of AD to Stimulate Market Development "
Anaerobic digestion (AD) offers opportunities to generate renewable energy from organic wastes at remote locations by converting crop residues and animal and human excrement into methane-rich biogas. Aside from providing renewable energy, AD plants also reinforce closed loop recycling management systems, reduce emissions from manure storage, and create useful organic fertilizer. For farmers, it may open up new revenue streams.
Digestion Equipment Market SEGMENTATION
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- By Type
Based on type; the market is divided into Microwave Digestion, Hotblock Digestion, and Others.
- By Application
Based on the application; the market is divided into Metal, Mining Laboratory, Environmental, Food, Agriculture, and Pharmaceutical.
DRIVING FACTORS
"Increasing Adoption of Organic Waste to Aid Market Expansion "
Due to changing trends toward increasing the production of biogas from biodegradable waste sources, the organic waste segment is predicted to experience rapid expansion. Among other things, the organic waste often consists of food waste, green trash, non-hazardous wood waste, food-soiled paper, and landscape and pruning waste. The region's industrial landscape will be further improved by a growing emphasis on creating a circular economy and strict waste disposal procedures. These factors are expected to drive the digestion equipment market growth in coming years.
"Increasing Demand from Food & Beverage Sector to Foster Industry Progress"
In a series of procedures known as anaerobic digestion, microbes break down biodegradable material without the presence of oxygen. The procedure is applied for home or commercial waste management and fuel production. Anaerobic digestion is utilized extensively in commercial fermentation to create food and beverage products and in home fermentation.
Renewable energy, and in particular Anaerobic Digestion (AD), is a rising business as waste reduction, the environment, and energy consumption dominate innovation and government policy. Our technical sales engineers have been consistently specifying and providing pumps to the anaerobic digestion industry, which is the process by which manure, food waste, and agricultural products are digested to produce biogas that may be utilized to generate electricity.
RESTRAINING FACTORS
"High Investment to Hinder Market Advancement"
Commercial implementation on farms and at wastewater treatment works (WwTWs) necessitates a significant financial investment in sizable tanks and other process vessels. AD can provide an odor problem if used inefficiently and it does not produce biogas with as much of the biomass' carbon content as can be done through gasification.
Digestion Equipment Market REGIONAL INSIGHTS
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"Increasing Demand for Dry AD to Foster Market Advancement in Europe"
Europe is expected to have a great digestion equipment market share. Due to the flexibility in terms of feedstock and the decrease in water demand for the digestion process, the anaerobic digestion industry will experience substantial development from dry AD facilities. Additionally, one of the main benefits of dry AD technology that will promote its adoption during the foreseeable period is its low power and heat need and the necessity for only a small number of essential pieces of equipment.
North America is anticipated to have a sizable market share. Due to government initiatives to increase the amount of renewable energy, the digestion equipment market in the U.K. will experience significant expansion.
KEY INDUSTRY PLAYERS
"Prominent Players in the Industry to Promote Market Expansion"
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the digestion equipment market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanization, innovative techniques, making the most money, and using their products to have a large social impact.
List of Market Players Profiled
- CME Corporation (U.S.)
- Milestone (Denmark)
- Anton Paar (Austria)
- Analytik Jena (Germany)
- HORIBA (Japan)
- PerkinElmer (U.S.)
- Berghof (Germany)
- SCP SCIENCE (Canada)
- SEAL Analytical (U.S.)
- Aurora (U.S.)
- Sineo Microwave (U.S.)
- Shanghai Preekem (China)
- Shanghai Xtrust (China)
- Beijing Xianghu
REPORT COVERAGE
Comprehensive research of the healthcare sector with a concentration on the global market trend analysis of the digestion equipment market. The goal of the study is to give readers a comprehensive picture of the market, including a thorough segmenting of the market by toxicity induced and distribution method. The report covers key trends and opportunities in the industry and offers important information on the market status of the major digestion equipment market players.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 147.7 Million in 2021 |
Market Size Value By |
US$ 208.77 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the digestion equipment market expected to touch by 2031?
Based on our research, the global digestion equipment market is projected to touch USD 208.77 million by 2031.
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What CAGR is the digestion equipment market expected to exhibit by 2031?
The digestion equipment market is expected to exhibit a CAGR of 3.5% by the forecasted year 2031.
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What are the driving factors of the digestion equipment market?
Increasing adoption of organic waste and demand from the food & beverage sector will fuel digestion equipment market growth.
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Which are the top companies operating in the digestion equipment market?
CME Corporation, Milestone, Anton Paar, Analytik Jena, HORIBA, PerkinElmer, Berghof, SCP SCIENCE, SEAL Analytical, Aurora, Sineo Microwave, Shanghai Preekem, Shanghai Xtrust are the top companies operating in the digestion equipment market.