HVLP (High Volume Low Pressure) Spray Gun Market Rising at 8.2% CAGR to Hit US$ 3.4 Billion by 2033 | Fact.MR
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United States EPA Initiatives Governing Eco-friendly HVLP Spray Gun Adoption Contributing to Market Growth
Rockville , Nov. 30, 2023 (GLOBE NEWSWIRE) -- The global HVLP (High Volume Low Pressure) Spray Gun Market stood at US$ 1.4 billion in 2022 and is projected to expand at a CAGR of 8.2% from 2023 to 2033, according to a recently published report by Fact.MR. Sales of electrostatic HVLP spray guns are expected to increase at a high-value CAGR of 9% through 2033.
Technological advancements in HVLP spray gun systems have contributed to the industry's growth. Manufacturers are constantly innovating to develop more efficient and user-friendly spray guns. Some HVLP spray guns now feature digital controls and adjustable settings, allowing painters to customize spray patterns and optimize paint flow.
For instance, Fuji Spray, a well-known manufacturer of HVLP spray guns, offers a range of models with digital controls and adjustable settings, such as the Fuji Spray Semi-PRO 2 HVLP Spray System. These advancements have made HVLP spray guns more versatile and appealing to a wide range of industries and applications.
Atomization technology has undergone significant advancements in recent years, contributing to the efficiency and effectiveness of HVLP spray guns.
A notable example comes from DeVilbiss, a leading HVLP spray gun manufacturer. The company’s TEKNA ProLite spray gun series features advanced air cap and nozzle designs, allowing for precise control of the atomization and spray pattern, which is critical in automotive and industrial painting applications.
The HVLP spray gun industry is driven by federal and state regulations that restrict the use of traditional spray guns in certain situations. These regulations aim to minimize air pollution and ensure worker safety by promoting the use of HVLP and electrostatic spray guns. HVLP spray guns operate at lower pressure, resulting in reduced overspray and paint wastage.
Electrostatic spray guns apply a positive charge to the paint particles, improving transfer efficiency. As a result, the HVLP spray gun industry has experienced growth as businesses and individuals comply with these regulations, seeking more environment-friendly and efficient painting solutions.
The United States Environmental Protection Agency (EPT) claims that simply converting from traditional (high-pressure) guns to HVLP will increase transfer efficiency and, as a result, lower material costs by 35% to 49%. This transition is expected to have a positive impact on the industry by promoting more efficient and environmentally friendly painting practices.
Competitive Landscape Leading manufacturers of HVLP spray guns are Carlisle Fluid Technologies, EXEL Industries, Graco Inc., Anest Iwata, Wagner, SATA, Fuji Spray, ATD Tools, Eastwood, and Nordson Corporation.
In July 2021, Graco Inc. launched a new line of air-assist and airless spray guns called PerformAA. The launch of the PerformAA line of spray guns is part of Graco's strategy to expand its product portfolio and offer a wider range of solutions to its customers.
In February 2020, EXEL Industries successfully completed the acquisition of Intec, previously a division of Eisenmann, a significant move that bolsters the company’s position in the global industrial equipment and spraying solutions market.
In November 2019, Anest Iwata Corporation acquired a 14.8% stake in E.M.S. CONCEPT SARL. This strategic investment underscores Anest Iwata's commitment to expanding its presence and capabilities within the precision painting and coating industry.
In July 2019, DeVilbiss Automotive Refinishing, operating under the umbrella of Carlisle Fluid Technologies, announced the launch of its latest innovation, the DV1 Clearcoat Spray Gun. This cutting-edge addition to its product lineup represents a significant advancement in the world of automotive refinishing.
More Detailed Insights Available Fact.MR, in its new offering, presents an unbiased analysis of the HVLP spray gun market, presenting historical market data from 2018 to 2022 and forecast statistics from 2023 to 2033.
The study is based on type (aircoat, electrostatic, gravity), inlet pressure (high, medium, low), feed type (gravity feed, siphon feed, pressure feed, turbine feed, compressor-driven), application (automotive manufacturing & repairs, industrial & commercial painting, woodworking & furniture finishing, others), and region (North America; Latin America; Europe; South Asia, Oceania, & ASEAN; East Asia; and the Middle East and Africa).
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