Global Cleanroom Technology Market (Size of USD 3.6 Billion in 2017) to Witness 6.3% CAGR during 2018– 2024 - PowerPoint PPT Presentation

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Global Cleanroom Technology Market (Size of USD 3.6 Billion in 2017) to Witness 6.3% CAGR during 2018– 2024

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The global cleanroom technology market was poised at USD 3.6 billion in 2017, and is expected to reach USD 5.5 billion by 2024. The market has witnessed high demand of technically advanced cleanroom products, along with increasing preference to certified products. Also, the increasing prevalence of infectious diseases, in accordance to the growth of sterilized pharmaceutical products are factors that led to the rising demand of cleanroom products. Moreover, the cleanroom technology has major demand in medical devices, biotechnology, and pharmaceutical industries that drives the growth of the global market. The compliance with government regulations with respect to cleanroom technology is another driving force to the growth of the market. The manufacturers offer customized solutions of cleanrooms to meet the demand of various industries, favouring the industrial growth, globally. – PowerPoint PPT presentation

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Title: Global Cleanroom Technology Market (Size of USD 3.6 Billion in 2017) to Witness 6.3% CAGR during 2018– 2024


1
Global Cleanroom Technology Market
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2
Industry Overview
  • Cleanroom technology is used to create a given
    contained space with reduced particulate
    contamination while maintaining other
    environmental parameters of temperature, pressure
    and humidity. These are used by industries to
    render their products free from adverse effects
    of small particles during its manufacturing
    process. Global cleanroom technology market was
    projected at USD 3,602.5 million in 2017. The
    cleanroom technology market is segmented into
    products, construction, end user, and geography.
    Among the available product categories, the
    consumables lead the global cleanroom technology
    market in 2017.
  • Explore Full Report Description at
    https//www.vynzresearch.com/healthcare/cleanroom-
    technology-market

3
market segmentation
  • The various products used to offer cleanroom
    technology solutions are consumables and
    equipment. The largest market share is of
    consumables registering 61.1 in 2017. This large
    share is due to the large volume of consumables
    used to maintain cleanroom. The consumables are
    also cost effective, since these products have
    negligible cost of installation, and also has low
    maintenance cost. The commonly used cleanroom
    consumables include safety consumables such as
    apparel and gloves, and cleaning consumables such
    as vacuum systems, disinfectants, and wipes.
  • Additionally, the equipment used in cleanroom
    technology are heating, ventilating and air
    conditioning (HVAC) systems, high-efficiency
    particulate air (HEPA) filters, fan filter units
    (FFUs), air showers, laminar air flow systems and
    biosafety cabinets. The industry players are
    developing technologically advanced equipment
    that will lead the category to witness a
    significant growth during the forecast period.

4
Geographic Overview
  • North American cleanroom technology market held
    the largest share of 38.4 in 2017, majorly due
    to factors such as rise in adoption rate of
    cleanroom technology solutions, compliance with
    government regulations for cleanroom, presence of
    several major players in the region.
  • Moreover, the cleanroom technology products are
    expected to be witness highest demand in
    Asia-Pacific, during the forecast period. Factors
    such as the rise in research and development
    facilities in several industry sectors, and the
    increase in prevalence of infectious diseases are
    expected to drive the growth of the regional
    cleanroom technology market. Furthermore, the
    government initiative to develop and maintain
    healthcare infrastructure by increasing the
    healthcare expenditure as a percentage of the GDP
    is also a driving force for the growth of the
    cleanroom technology market in Asia-Pacific.

5
Competition among key players
  • In March 2018, William Hughes Group, after its
    acquisition of the ultrasonic cleaning company AC
    Services in 2015, has installed an 80m² high
    specification clean room rated at Class 7 in
    accordance with ISO 14644-1. The ultrasonic
    cleaning can be utilized by companies to
    subcontract its cleaning requirements for
    aerospace and hydraulics, defence, nuclear,
    medical, electronics and oil and gas industries.
  • Similarly, other leading players in the global
    cleanroom technology market are providing
    customized solutions across organizations.
  • Key players of the global cleanroom technology
    market include E.I. du Pont de Nemours and
    Company, MW Group GmbH, Illinois Tool Works
    Inc., Ardmac Ltd., Kimberly-Clark Corporation,
    Azbil Corporation, Taikisha Ltd., Clean Air
    Products Inc., and Alpiq Group.

6

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