Global Automatic Tube Cleaning System Market to Reach $190.8 Million by 2030
The global market for Automatic Tube Cleaning System estimated at US$134 Million in the year 2023, is expected to reach US$190.8 Million by 2030, growing at a CAGR of 5.2% over the period 2023-2030. Automatic Ball Tube Cleaning System, one of the segments analyzed in the report, is expected to record 5.5% CAGR and reach US$135.4 Million by the end of the analysis period. Growth in the Automatic Brush Tube Cleaning System segment is estimated at 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $40.5 Million, While China is Forecast to Grow at 5% CAGR
The Automatic Tube Cleaning System market in the U.S. is estimated at US$40.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$33.7 Million by the year 2030 trailing a CAGR of 5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook