San Francisco, 26 December 2018: The Report Compressed Air Treatment Equipment Market Analysis By Product (Filters, Dryers,
Aftercoolers), By End-use (Chemical, Paper, Food & Beverages, Healthcare),
By Region, And Segment Forecasts, 2018 - 2025
According to a report by Grand
View Research, Inc., global compressed air treatment equipment is anticipated
to value USD 11.2 billion by 2025. Growing requirement for clean compressed air
in manufacturing facilities is anticipated to propel demand for compressed air
treatment equipment over the forecast period (2014 to 2025). Such equipment are
expected to reduce humidity present in compressed air and offer clean and dry
air.
Rising demand for advanced
equipment that can keep compressed air system in shape can augment market
growth. Increasing use of compressed air treatment to remove humidity and
reduce energy costs can stimulate growth of market. Compressed air coming out
of compressor is expected to contain particulate, moisture, and hydrocarbons.
In addition, it can also contain contaminants like wear particles and oil
carryover present inside compressor. This, in turn, can propel demand for
advanced equipment that can remove these contaminants and deliver clean air.
Moreover, shifting preference for compressors offering air treatment can
protect these equipment from corrosion and enhance system efficiency. This
factor can further influence market growth during the forecast period.
Access Research Report of Compressed Air Treatment
Equipment Market@ www.grandviewresearch.com/industry-analysis/compressed-air-treatment-equipment-market
The worldwide compressed air
treatment equipment market can be segregated on the basis of product, end-use,
and region. Based on product, the market can be categorized into dryers,
filters, aftercoolers, and others. In 2016, dryers and filters dominated the
market and accounted for 60% of global market share. Filters are likely to
offer high performance, safety, flexibility, and ease of use. Technological
advancements in filters in terms of design and filtration technology can fuel
product demand during the forecast period. In addition, increasing use of
innovative sensors in dryers can automate manufacturing processes and increase
production quality while reducing direct cost.
Based on end-use, the market
can be classified into paper, chemical, food & beverage, healthcare,
pharmaceutical, and others. In 2016, food and beverage segment dominated the
market and accounted for 25% of global revenue. Rising demand for clean air
during processing and packaging of food products can spur growth of segment
Regional segmentation includes
Europe, North America, Asia Pacific, South America, and Middle East &
Africa. In 2016, Asia Pacific region accounted for 30% of global market share
in terms of revenue. The region is predicted to witness highest market share
during the forecast period. Increasing number of food & beverage and
chemical manufacturing companies can propel regional growth. In addition, use
of clean and dry air can extend life span of machines and enhance product
quality. This factor can also augment demand for compressed air treatment
equipment in manufacturing companies.
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In North America, the market
is anticipated to witness significant growth during the forecast period owing
to increasing number of food processing companies in the region. Rising demand
for compressed air treatment equipment in food processing companies to reduce
humidity can influence market growth. Presence of water vapor in food
processing companies can propel fungal and microbial growth attributed to
moisture. Use of compressed air can reduce moisture content in the air and
hence prevent microbial and fungal growth. This factor can stimulate regional
growth over the forecast period.
Europe is estimated to witness
growth at CAGR of 5.5% from 2017 to 2025 attributed to rising product demand
from medical sector. Stringent regulations pertaining to use of compressed air
in manufacturing processes can fuel market growth in the region. In addition,
rising penetration of manufacturing companies to Eastern Europe can augment
regional growth in the forthcoming years.
In South America, the market
is predicted to grow well over the forecast period attributed to growth of food
processing sector in the region. Increasing use of compressed air to maintain
moisture level in companies related to food processing can impel market growth.
Some of the leading companies
operating in the market for compressed air treatment equipment are Chicago
Pneumatic, Beko Technologies, Atlas Copco Corporation, Boge Compressors, and
Gardner Denver. Few market players are likely to adopt vertical integration at
production and design levels. In addition, companies can also focus on business
expansion to increase their local and international reach.
Access
Press Release of Compressed Air Treatment
Equipment Market@ www.grandviewresearch.com/press-release/global-compressed-air-treatment-equipment-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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