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Global Oil Mist Collector Market Projected to Experience Major Revenue Boost during the Period 2018-2028 / Donaldson Company, Inc., Rentschler REVEN GmbH, AIRMAX International, SHOWA DENKI CO., LTD., Losma S.p.A., Air Quality Engineering, Inc., Nederman H
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The widening range of industrial applications of oil mist collectors, such as textile and automotive, is complementing the growth of the oil mist collector market. Depending on the end-use applications of oil mist collectors, leading manufacturers in the oil mist collector market are introducing diverse features and varieties of oil mist collectors. A majority of end-users are replacing filter type oil mist collectors with centrifugal oil mist collectors owing to the expanded oil mist collection capacity of the latter. Thereby, dynamic consumer demands are likely to make a major impact on the manufacturing and marketing strategies of the market players in the oil mist collector market.
Uncollected machining oil mist and coolant can be hazardous to health. Oil mist can cause slippery floors and collect on machines, ceilings, walls, and surroundings, thus creating an unpleasant working environment. An oil mist collector is inevitably a very useful attachment which eliminates dust, smoke, etc., generated by a variety of machining applications such as brazing, casting, screw machining, drilling/boring, grinding, milling, and hobbing. Oil mist collectors are the best alternatives to centrifugal collectors, by eliminating the inherent problems of noise, low separation efficiency, and strong vibration. Additionally, oil mist collectors come in various designs, depending upon the application, ranging from small-scale to large-scale. Also, oil mist collectors handle numerous types of oil mist, including mineral oil, water-soluble oil, synthetic coolants, and straight oil. The competence of an oil mist collector depends upon the efficiency of various components, which include filters, gauges, drive fans, sump boxes, dampers, etc. Globally, industrialized nations such as Germany, Japan, the U.K., China, the U.S., etc., clearly outpace developing countries in terms of market share in the oil mist collector market. However, a strong demand for oil mist collectors is foreseen in developing countries.
In the oil mist collector market, manufacturers strive to maintain technological capabilities and machinery knowledge to adapt to changing industry demands, in addition to developing innovative products such as higher efficiency filtration systems, provides a competitive edge and enduring success opportunities. Enhancing economic efficiency across developing economies portrays substantial growth opportunities for the manufacturing sector, thereby translating to the positive growth of the oil mist collector market. Furthermore, increase in industrial value-added (IVA) is one of the cited factors attributing to the growth of the oil mist collector market. Importantly, industry-related norms for the healthy environment also encourage manufacturers to install oil mist collectors.
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Electrostatic precipitators (ESPs), HVAC filter collectors, and centrifugal collectors are some of the alternatives for oil mist collectors. Subsequently, the growth of any of the product segments will likely impede the demand growth for oil mist collectors. Manufacturers are developing multi-stage oil mist collectors with an aim to increase efficiency. Moreover, the positive trend for the oil mist collector market also catalyzes the demand for components.
The outlook for the oil mist collector market depends on the performance of various economies across the world, primarily in North America, but progressively in China and Western Europe. The U.S. oil mist collector market continues to face near-term impediments; for instance, federal government debt and uncertainty in regulations. Moreover, China’s booming manufacturing sector proposes huge potential for the manufacturers of oil mist collectors, owing to increasing awareness about the importance of air quality as one of the top national agendas.
The manufacturing sector in Russia – being at the forefront in Eastern Europe, is set to recover on the back of efficient government regulations, initiatives for external investments, and increasing purchasing power of the population. These factors reaffirm the robust growth outlook for the oil mist collector market in Russia. Furthermore, rising demand from Japan, the U.S., and the Middle East aids the growth of South Korea’s manufacturing industry, and is aiding acceleration of the oil mist collector market. Brazil, an economic engine of Latin America, is gradually emerging as one of the prominent countries to augment the growth of the global oil mist collector market. In India – the launch of the Make in India initiative proliferates enormous growth opportunities for the oil mist collector market. Therefore, the scenario of the metalworking industry plays a vital role in the oil mist collector market.
Examples of some of the market participants in the global oil mist collector market discerned across the value chain RoboVent, Inc., Donaldson Company, Inc., Rentschler REVEN GmbH, AIRMAX International, SHOWA DENKI CO., LTD., Losma S.p.A., Air Quality Engineering, Inc., Nederman Holding AB, CLARCOR Inc., Filtermist International Limited, Tri-Mer Corporation
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