The global compressed air treatment equipment market size is expected to reach USD 11.31 billion by 2025 registering a CAGR of 7.0%, according to a new study by Grand View Research, Inc. Compressed air treatment equipment offers several benefits, such as lowering the dew point of the air and removing contaminants that may negatively impact the air compressor.
Furthermore,
the compressed air treatment equipment allows the system to run more
efficiently and extends the system’s life by reducing rust and corrosion caused
by contaminated air. This has led to an increased adoption of these systems,
which is expected to drive the market growth over the forecast period. Rising
concerns about food safety have resulted in food manufacturers focusing on
implementing air treatment equipment to avoid any contamination and to maintain
quality.
This
is also a key factor expected to drive demand across the food & beverage
(F&B) industry. Chemical, F&B, and others are the major end-use
sectors. The F&B industry is anticipated to witness significant growth
owing to rising need for dry and clean air in numerous critical end-use
applications. Moreover, rise in the number of F&B manufacturing firms,
particularly in U.S., is projected to provide growth opportunities for the
market in the years to come.
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Compressed Air
Treatment Equipment Market Report Highlights
- The global compressed air
treatment equipment market is expected to register a CAGR of 7.0% from
2019 to 2025 on account of rising need for treated compressed air in
several manufacturing industries
- The dryers segment accounted
for a major share in 2018 due to increased demand for refrigerated dryers
as a result of their ability to ensure the quality of end products and
provide dry air needed to extend the life of the equipment
- The desiccant dryers segment
is expected to witness a considerable growth over the forecast period due
to the ability of these products to purify compressed air by absorbing the
moisture
- The F&B industry led the
market in 2018 and is likely to maintain the dominance owing to the need
to adhere to strict hygiene restrictions that govern the industry
- Asia Pacific accounted for
32.96% of the overall revenue share in 2018 and is expected to witness the
fastest CAGR over the forecast years owing to rapid expansion of F&B
and manufacturing industries in the region
- Atlas Copco Corporation; Donaldson
Company, Inc.; Beko Technologies; Boge Compressors Limited; and Gardner
Denver, Inc. are some of the key companies in the global market
- These companies emphasize on
expanding their market presence through mergers & acquisitions and
product innovations
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Compressed Air
Treatment Equipment Market Segmentation
Grand View Research has segmented
the global compressed air treatment equipment market on the basis of product,
end use, and region:
Compressed Air
Treatment Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)
- Filters
- Particulate
Filters/Pre-filters
- Coalescing Filter/Oil
Removal
- Adsorber Filter/Oil Vapor
Removal
- Filtered Centrifugal
Separator
- High Temperature
After-filters
- Moisture Separators
- Dryers
- Refrigerated
- Desiccant
- Membrane
- Deliquescent
- Aftercoolers
- Others
Compressed Air
Treatment Equipment End Use Outlook (Revenue, USD Million, 2014 - 2025)
- Chemical
- Paper
- Food & Beverages
- Pharmaceuticals
- Healthcare
- Others
Compressed Air
Treatment Equipment Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Benelux
- Easter Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- South-East Asia
- South America
- Brazil
- Middle East & Africa
- GCC
- South Africa
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.
For more info visit @ https://www.grandviewresearch.com
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