Compressed air treatment equipment market to surge via heavy industrial demand for optimal air quality
Compressed air treatment equipment market is expanding its business space globally owing to its ability to improve efficiency, minimize loss of production and improve manufacturing processes. A larger percentage of manufactures adopting equipment installation to meet air quality standards of their targeted applications will create huge scope for the global compressed air treatment equipment industry. According to Global Market Insights, Inc., “Compressed air treatment equipment market share is expected to register a CAGR of 6% over the period of 2015-2022”. Increasing demand for purified air will significantly boost the industry trends over the coming timeframe.
Rising implementation across various sectors will enhance the compressed air treatment equipment market outlook as this equipment protects the system from dirt, moisture, water, oil, etc. Therefore, growing requirement in industrial projects that requires optimum air quality will flourish the compressed air treatment equipment market. Moreover, absence of these air treatment equipment will result in inefficient production, higher manufacturing cost, and reduced efficiency.
Asia Pacific compressed air treatment equipment market size, by application, 2012-2022 (USD Million)
Compressed air treatment equipment industry is witnessing huge adoption due to its broad range of applications in food, pharmaceuticals, electronics & semiconductors, and healthcare industry. Usage of compressed air prevents the problems caused by impurities, ensuring contaminant free air flow to the equipment’s like valves, air tools, motors, cylinders, etc. This industry finds major applications in breathing air, process air, Instrument air and plant air. The breathing air application is anticipated to register a CAGR of 6.5% over the period of 2015-2022, owing to is usage in hospitals and diving sectors. The instrument air industry application is also a significant contributor in compressed air treatment equipment market. Driven by its fine quality to segregate solid particles from liquid, the instrument air application is projected to surpass USD 2 billion over the coming five years.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/421
Clean and dry air is highly essential for performance of machines which can be maintained through filters, after coolers and dryers. The filter market will expand vastly over the industry as air decontamination will improve efficiency of the machines, which in turn will drive the global compressed air treatment equipment market. The particulate filter is projected to grow a rate of 6.5% by 2022, owing to increasing installation in bulk liquid parting applications. After cooler market is estimated to reach USD 1.6 billion over several upcoming years.
Dryers market dominated the products landscape accounting for 40% of the compressed air treatment equipment market share in 2014 and is projected to witness considerable gains over the coming years, mainly driven by its increasing demand across chemical, pharmaceutical and food industries over the globe.
Asia Pacific compressed air treatment equipment market is expected to witness a significant surge over the coming years. Rising industrial development with growth impending from China and India will continue to propel the regional demand.
Expansion of the industrial and manufacturing services in North America will contribute towards favorable growth opportunities for the compressed air treatment equipment market. North America compressed air treatment equipment industry is projected to surpass USD 3 billion in the coming five years.
The market is consolidated with key players contributing towards over 60% of the overall industry share. Key industry participants include Kaeser Compressors, Gardner Denver, Ingersoll-Rand, Parker Hannifin Corporation and Atlas Copco.
Author Name : Ojaswita Kutepatil