Distillation Systems Market is Projected to Reach $7.91 billion by 2023

Distillation Systems Market by Technique (Fractional, Steam, Vacuum, MED), Application (Water Treatment, Food, Beverage, Petroleum, Pharmaceutical, Chemical), Operation (Continuous, Batch), Component, Type, Process, and Region - Global Forecast to 2023

(EMAILWIRE.COM, February 10, 2021 ) The report "Distillation Systems Market by Technique (Fractional, Steam, Vacuum, MED), Application (Water Treatment, Food, Beverage, Petroleum, Pharmaceutical, Chemical), Operation (Continuous, Batch), Component, Type, Process, and Region - Global Forecast to 2023", The distillation systems market is estimated to at USD 6.17 billion in 2018 and is projected to reach USD 7.91 billion by 2023, at a CAGR of 5.1%.

Factors such as growing industrialization and urbanization have significantly fueled the market growth of distillation systems for various industrial applications. Increasing urbanization leads to a surge in demand for water treatment systems and products from the oil & gas, food & beverage, healthcare, and manufacturing industries. Imposition of regulations and rise in the demand for pure products including water is projected to fuel the demand for the distillation systems. On the account of these factors, the global market is projected to witness significant growth during the forecast period.

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On the basis of components, the column shell segment is estimated to account for a major market share in 2018. The column shell in a distillation column is the primary regulation tool that is responsible for controlling the temperature and pressure inside the distillation system. The column shell plays a key role in determining the function for which the system is deployed and the cost of the system.

The fractional segment is projected to account for the largest share by 2023. Fractional distillation technique is simple and effective for segregating the complex and multicomponent mixture. This technique is commonly used in industries such as petroleum, petrochemicals, chemical, and gas processing where the separation of complex mixtures is required; for instance, the separation of crude oil components such as cooking gas, petrol, diesel, kerosene, oil, and bitumen.

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Countries such as the UK, France, Italy, Spain, and Russia are among the major markets for distillation systems due to the large number of market players in the beverage, chemicals, and cosmetics industries. In addition, countries such as Germany have paved their way through developments in distillation with the use of vacuum multi-effect distillation systems. Germany is a leading market player in the distillation systems market; Favorable industrial policies and presence of manufacturers in the country drive the market growth for pots, stills, columns, and turnkey projects in Europe and other international markets.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as GEA (Germany), Alfa Laval (Sweden), SPX FLOW (US), Sulzer (Switzerland), Core Laboratories (Netherlands), PILODIST (Germany), Anton Paar (Austria), Praj Industries (India), L&T Hydrocarbon Engineering (India), EPIC Modular Process Systems (US), BÜFA Composite System (Germany), and Bosch Packaging Technology (Germany).

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