In a recent published report, Kenneth Research has updated the market report for Clean in Place Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Clean in Place Market products.
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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.
Global Clean in Place Industry was valued at USD 7.6 Billion in the year 2018. Global Clean in Place Industry is further estimated to grow at a CAGR of 15.6% from 2018 to 2025 to reach USD 20.57 Billion. According to the report, the global Industry would continue to be influenced by a range of macroeconomic and Industry-specific factors soon. Growing adoption in food and pharmaceutical industries, advantages offered by multi-tank CIP systems, rising adoption of automated CIP, and technological innovations have increased the penetration of clean-in-place systems worldwide.
In terms of the offering, the global clean-in-place Industry has been segmented into single-tank systems, two-tank systems, and multi-tank systems. The multi-tank systems segment is expected to continue to be the leading segment of the global Industry during the forecast period, due to the advantages offered by these systems. The segment is projected to expand at the maximum CAGR of 16.0% from 2019 to 2025. An increasing number of stringent regulations about the production and processing of food, dairy products, and pharma products in countries such as China and India are boosting the demand for multi-tank CIP systems in these countries. Multi-tank CIP systems are used for recovery and reuse of cleaning solutions and rinse water. These systems are highly efficient, economical, and sustainable. Multi-tank CIP systems facilitate reuse and recovery of wash solutions and minimize the use of water and chemicals, thereby enabling cost saving. Hence, multi-tank systems are preferred in a variety of industries such as pharmaceutical, breweries, dairy, and food & beverages. This promotes the growth of the global Industry. The single-use systems segment is projected to expand at a significant CAGR during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The clean-in-place Industry in APAC is expected to grow at the highest CAGR during the forecast period. APAC is expected to provide ample opportunities to the players in the clean-in-place Industry during the forecast period due to the influx of global players, along with the emergence of native players in this region. Increasing stringent regulations about the production and processing of food, dairy, and pharma products in countries such as China and India boost the demand for CIP systems. Also, the ever-growing population and increasing disposable income in APAC countries have led to the increase in the demand for processed food, dairy products, beverages, and pharma products, which, in turn, has propelled the growth of the CIP Industry in this region.
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Major market players in Clean in Place Industry are Tetra Pak International, GEA Group, Sani-Matic, Alfa Laval, SPX Flow, Krones Ag, KHS GmbH, Melegari Manghi, Centec GmbH, Millitec Food Systems, Filamatic, Sysbiotech, Bionet, Solaris Biotech Usa, Handtmann Armaturenfabrik, E. Bachiller B, Axomatic, Scanjet Systems, Azbil Telstar, GD Process Design, and Other Company Profile is provided as per client requirement.
Clean in Place Industry Segmentation:
Clean in Place Industry, By System Type
Single-Use CIP Systems
Reuse CIP Systems
Clean in Place Industry, By Offering
Single-Tank Systems
Two-Tank Systems
Multi-Tank Systems
Sensors
Spray Balls, Tank Washers, and Nozzles
Others
Clean in Place Industry, By End-User Industry
Food Industry
Dairy Industry
Pharmaceuticals Industry
Brewery and Beverages Industry
Others
Clean in Place Industry Overview, by Region
North America
USA
Canada
Europe
Germany
U.K.
France
Italy
Rest of Europe
APAC
China
India
Japan
Rest of Asia-Pacific
RoW
Latin America
Middle East & Africa
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