Global Clean-in-Place Market to Reach $51 Billion by 2030
The global market for Clean-in-Place estimated at US$18.3 Billion in the year 2023, is expected to reach US$51 Billion by 2030, growing at a CAGR of 15.8% over the period 2023-2030. Reuse Clean-in-Place Systems, one of the segments analyzed in the report, is expected to record 16.7% CAGR and reach US$36.4 Billion by the end of the analysis period. Growth in the Single-Use Clean-in-Place Systems segment is estimated at 13.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.7 Billion, While China is Forecast to Grow at 20.3% CAGR
The Clean-in-Place market in the U.S. is estimated at US$4.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2030 trailing a CAGR of 20.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 13.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR.
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