Cold Plasma Market To Reach USD 8.6 Billion By 2032, Report By DataHorizzon Research

Advertisement

The cold plasma market size was valued at USD 2.8 Billion in 2023 and is expected to reach a market size of USD 8.6 Billion by 2032 at a CAGR of 13.1%.

Fort Collins, Colorado, April 20, 2024 (GLOBE NEWSWIRE) —

Focus on environmental sustainability forward pushes the market growth

Advertisement

Industries increasingly turn to sustainable solutions in response to the growing imperative for environmental sustainability. Cold plasma components have emerged as an innovative solution for automotive, electronics, and textiles, as they operate without chemical substances or high temperatures. According to the United States Environmental Protection Agency, cold plasma technology has the potential to reduce greenhouse gas emissions by over 90% and lower electricity consumption by 60% in industrial operations. The global prevalence of environmentally friendly practices has led to the adoption of cold plasma technology in processing units across various industries.

Innovations in generator technology utilized in cold plasma technology present significant growth opportunities for key market participants and are poised to impact market growth in the forecast period positively. The ongoing advancements in generator technology are driving the development of more compact, portable, and cost-efficient cold plasma generators. Consequently, this expansion enables the broader utilization of cold plasma technology across various sectors, including food processing, agriculture, and water treatment, elevating its application to more advanced levels. 

Request Sample Report: 

https://bit.ly/3xDGMK8

Segmentation Overview:

The cold plasma market has been segmented into regime, industry, and region.

Atmospheric pressure to lead the regime segment for the cold plasma industry

  • Based on the market segmentation by regime, the atmospheric pressure cold plasma segment held the largest market share in 2023. Atmospheric pressure cold plasma technologies are standard in various industries, such as medical, electronics, and textiles. 

The medical industry accounts for a significant market share in the coming years.

  • Based on the cold plasma market segmentation by industry, the medical sector held a substantial market share in 2023 and exhibited remarkable growth during the forecast period. The tremendous growth may be attributed to the rising demand for minimally invasive treatments. 

Ask For Discount

 https://bit.ly/3Uid469

Cold Plasma Market Report Highlights:

  • The cold plasma market growth is anticipated at a CAGR of 13.1% by 2032.
  • The versatility of cold plasma applications will contribute to industry development in the coming years.
  • The Asia-Pacific market is expected to skyrocket in cold plasma medicine expansion. It is home to billion-scale electronics and automotive manufacturing and governmental incentives for environmentally friendly manufacturing.
  • Some prominent players in the cold plasma market report include Nordson Corporation, Plasmatreat GmbH, Neoplas Tools GmbH, Henniker Plasma, Enercon Industries Corporation, Tantec A/S, Europlasma NV, Adtec Plasma Technology Co., Ltd., P2i Ltd, Acxys Technologies, Surfx Technologies LLC, and AcXys Plasma Technologies. 

Looking Exclusively For Region/Country Specific Report?

 https://bit.ly/3U09TyH

About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

Contact:

Mail: [email protected]

Ph: +1-970-672-0390

Website: https://datahorizzonresearch.com/

Follow Us: LinkedIn 

 

Recent Publications

Cardiac Monitoring Devices Market

Healthcare Predictive Analytics Market

Implantable Medical Device Market

Over the Counter (OTC) Drugs Market

Drug Discovery Market

CONTACT: Mail: [email protected] Ph: +1-970-672-0390 Website: https://www.datahorizzonresearch.com 

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.