Pneumatic Abort Gate demand to hold market share of over 95% through 2030
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The global abort gate market was valued at over US$ 20 million in 2020, and is anticipated to reach more than US$ 41 million by 2030. The spread of COVID-19 has hit demand for the short term; however, from 2021 onwards, the market is set to get back to its original growth trajectory of over 7% CAGR through 2030.
Key Takeaways from Abort Gate Market Study
• Growing industrial sector, especially in developing countries where policies are made to promote this sector, is a major factor pushing demand for abort gates. From 2020 to 2030, the market is expected to garner an absolute dollar opportunity of around US$ 22 Mn.
• North America represented around 60% of the global abort gate market in 2019, followed by Europe and East Asia. The market in Asia and Pacific countries combined is expected to grow at a considerable pace over the coming years.
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• The food/agriculture industry accounts for the largest share in global abort gate market, representing over 46% of total revenue in 2020. It is followed by the metal and wood industry, which collectively represents around 33% of global revenue.
• Pneumatic abort gates will hold most of the demand share, at over 95% through 2030.
• Due to the COVID-19 pandemic, growth of the abort gate market was sluggish at 4% in 2020. However, 2021 and beyond will see a resurgence in sales, with the market expanding at over 7% through 2031.
“Abort gate manufactures can provide incentives on simultaneous purchase of dust collectors and abort gates to increase their revenue and profits. They can also collaborate with dust collector companies to penetrate developing countries, where dust collectors are high in demand,” says a Fact.MR analyst.
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Product Differentiation through R&D Aiding Market Expansion
Key players in the abort gate market are Boss Products, Rodrigue Metals, Airex Industries, Vets Groups, Clark Industries, Air Purifier Inc., Flamex, and Imperial Systems. Some of the recent developments include:
• In January 2019, Flamex announced the launch of new IR detector series, which is a unique and technologically advanced infrared spark and flame sensor for industrial application.
• Imperial Systems introduced the inexpensive Rhino Drum, the first of its kind and the only drum kit with a twist lock lid, in January 2019. The equipment is placed on air pollution control systems.
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