A new report covers Compressed
Air Treatment Equipment Market outlook providing historical facts, current
status and future development trends information along with data on leading
players and regions. 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.
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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.
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.
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.
Compressed Air
Treatment Equipment Industry Insights:
1. Industry Segmentation
2. Industry Size and forecast
3. Industry ecosystem analysis
4. Industry Impact forces
4.1. Growth drivers
4.2. Industry pitfalls & challenges
5. Growth potential analysis
6. Porter's analysis
7. Company market share analysis, 2014
8. PESTEL analysis
About Global
Market Insights:
Global Market
Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and
industry research reports offer clients with penetrative insights and
actionable market data specially designed and presented to aid strategic
decision making. These exhaustive reports are designed via a proprietary
research methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:
1-302-846-7766
Toll
Free: 1-888-689-0688
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