Global Oil Mist Collector Market 2017-2021

New Report Released: – Global Oil Mist Collector Market 2017-2021

The author of the report recognizes the following companies as the key players in the global oil mist collector market: Aeroex, Filtermist International, Losma, and Plymovent .

Other Prominent Vendors in the market are: AAF International, LNS America, MAHLE, Sulzer Chemtech, and VACUUBRAND.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Rise in automation: Industrial Revolution 4.0. Companies are shifting to automation to meet the desired quality standards, thereby raising the demand for products a result of globalization and increasing population. Many companies are implementing process automation to enhance their productivity and increase profit margins. Considering the above factors, companies benefit due to the enhancement in the overall efficiency that automation brings.”

According to the report, one of the major drivers for this market is rise in the production of light vehicles. The demand for light vehicles is anticipated to rise in all regions except in South Asia and Japan. In South Asia, the demand is expected to witness slow growth due to the lack of presence of major automobile manufacturers. The major automotive manufacturer in APAC, Japan, primarily exports to American and European countries. Also, the country has the most innovative and technologically advanced products.

Further, the report states that one of the major factors hindering the growth of this market is Slowdown in Chinese economy. The slowdown in the Chinese economy during 2014-2015 will have an adverse impact on the Japanese machine tools market, as China is a major importer of Japanese machine tools. In 2014, the Chinese GDP grew at only 7.4%, the slowest recorded growth since 1990. The slowdown is mainly attributed to the sluggish performance of the country's real estate sector, combined with the huge manufacturing overcapacity.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.