Technavio has announced its latest market research report titled Global Oil Mist Collector Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Oil Mist Collector Market 2020-2024 (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--The global oil mist collector market research report from Technavio projects USD 119.98 million growth during 2020-2024 while progressing at a CAGR of over 2% during the forecast period. The report indicates neutral growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the rise in the production of light vehicles,” says a senior analyst at Technavio. The rising concerns over the environmental impact caused by fossil fuels have compelled automakers to focus on developing fuel-efficient vehicles. This has led to the introduction of lightweight vehicles, which is creating demand for new technological advances in the automotive industry,. These factors are increasing the use of EDM machines and oil mist collectors, thereby driving market growth.
Oil Mist Collector Market Segment Highlights for 2020
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
The Oil Mist Collector Market will grow by $ 119.98 mn during 2020-2024
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/