Asia Pacific Automatic Tube Cleaning System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Industry

Power Generation Segment is Expected to be Fastest Growing During Forecast Period for APAC Region

According to this research study titled “APAC Automatic Tube Cleaning System Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and Industry,” the market is expected to reach US$ 59.80 million by 2028 from US$ 40.74 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the APAC automatic tube cleaning system market along with the drivers and restraints pertaining to the market growth. Growing number of desalination projects and surging power projects across APAC region are the major factor driving the growth of the APAC automatic tube cleaning system market. However, complications regarding design and installation hinders the growth of APAC automatic tube cleaning system market.

In case of COVID-19, APAC is highly affected specially India. Because of a massive number of cases in India, the APAC region is greatly affected by COVID-19, the country also homes the largest population across the world, thereby imposing greater risk of a large number of individuals; it is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside India, such as the large China, Australia, and Japan, and is experiencing downward inflation. The existing unutilized production capacity scenario, combined with the COVID-19 effect, would have a negative impact on the Asian Power Sector's overall financial health. There has been a major reduction in power usage in industrial and commercial units, resulting in a reduction in the need for tube maintenance and cleaning. Thus, the above-mentioned factor implies that the outbreak of the corona virus is expected to negative impact the automatic tube clean system market across the region.

The APAC automatic tube cleaning system market is segmented based on type, industry, and country. Based on type, the market is segmented as automatic ball tube cleaning system and automatic brush tube cleaning system. Automatic ball tube cleaning system segment led the APAC automatic tube cleaning system market in 2020 and is also expected to be fastest growing during forecast period. Based on industry, the market is segmented as power generation, oil and gas, commercial space, hospitality, and others. Commercial space segment led the APAC automatic tube cleaning system market in 2020 and power generation segment is expected to be fastest growing during forecast period.

Ball Tech Energy Ltd.; CET Enviro Pvt. Ltd.; Conco Services LLC; Ecomax Solutions Pvt. Ltd.; Hydroball Technics Holdings Pte Ltd.; Ovivo; Taprogge GMBH; Watco Group; and WesTech Engineering, Inc. are among the leading companies in the APAC automatic tube cleaning system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Singapore Green Building Council awards Eqobrush with highest accreditation: 4 tick marks. This qualifies Eqobrush as a leader in the field of energy saving on chillers. Eqobrush is now a Singapore Green Building Product (SGBP) and building owners automatically receive 1 point on their BCA (Building and Construction Authority) Green Mark scheme upon installation.

The Report Segments the APAC Automatic Tube Cleaning System Market as Follows:

APAC Automatic Tube Cleaning System Market - By Type

• Automatic Ball Tube Cleaning System
• Automatic Brush Tube Cleaning System

APAC Automatic Tube Cleaning System Market - By Industry

• Power Generation
• Oil and Gas
• Commercial Space
• Hospitality
• Others

APAC Automatic Tube Cleaning System Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC