San Francisco, California, Nov 06, 2018 – The rising demand for distillation processes in the oil and gas and chemical industries is a notable factor driving the evolution of the global distillation systems market. The growth of the market has been increasingly bolstered by the rapid strides taken by the oil and gas explorations in various parts of the globe over the past few years.
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Closer look at such trends and the evaluation of these on the global market dynamics are covered in a report by TMR Research titled “Distillation Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018–2028”. The adoption of automation in distillation systems is a trend robustly catalyzing the expansion of the market. The demand is propelled by the growing focus of oil and gas companies on quality.
The rising number of explorations and extraction processes in the oil and gas sector in developing and developed nations is imparting big impetus to the expansion of the distillation systems market. The rising application of distillation processes in water purification and treatment is a notable trend accentuating the market. The use of distillation systems in the water purification systems have been substantial in developed economies. This is in part attributed to the growing government focus on supply contaminant-free potable water to communities.
The burgeoning use of distillation systems in industrial applications in regions such as North America is fueling the rapid expansion of the global market. In developing regions, most notably in the Middle East and Africa, the giant strides made by technologies in the oil and gas sector is expected to create new opportunities in the market. The rising use of portable distillation systems in residential water holding tanks has also boosted the market.
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Some of the key players vying for garnering sizeable shares in the distillation systems market are EPIC Modular Process Systems, BÜFA Composite System, Praj Industries, L&T Hydrocarbon Engineering, and Anton Paar.