Global Distillation System Market Growth Scenario, Industry Size, Share Analysis 2030

Distillation System Market size is expected to reach nearly US$ 11.20 Bn by 2030 with the CAGR of 5.3% during the forecast period.

Increase in demand for distilled water, and crude oil, distilled spirits are drive the growth of distillation systems in the market. Petrochemical refineries and alcoholic beverages are the two dominant application segments of the distillation systems market, for which the growth has increased since the last decade. The shortage of water is a major factor fueling demand for distillation units globally in the water treatment application. The development of the manufacturing sector in developing countries is additionally fueling the distillation systems' market growth. The report contains a detailed list of factors that will drive and restrain the growth of the distillation system market.