Compressed Air Treatment Equipment Market Is Projected To Be Around $9.55 Billion By 2022
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A research study titled, “Compressed Air Treatment Equipment Market by Product, Application and End User - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Compressed Air Treatment Equipment Market is projected to be around $9.55 billion by 2022.
The global Compressed Air Treatment Equipment market was worth USD 5.25 billion in the year 2012 and is expected to reach approximately USD 9.55 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 5.54% during the forecast period. Compressed air treatment is a technique that dehumidifies and cleans air prior to its entering the air compressor. This procedure commonly includes the utilization of an air dryer and air filter past the air filter found in an air compressor. A viable compressed air treatment system brings down the dew point of the air and takes out particles that may adversely affect the air compressor. Compressed air treatment not only enables the systems to function productively, however it additionally expands the life span of the system by reducing rust and erosion that can be caused by wet, mucky air. Because the air being utilized by the air compressor is clean; it can run with speed and doesn't contain particles that can erode the machine after some time. Further, air that has experienced compressed air treatment is dry, which means it doesn't encourage the development of rust like wet or sticky air does.
The rising use of compressed air together with the development of sophisticated and novel gadgets used as a part of production bases has quickened the demand for clean air, which is hence expected to spur the compressed air treatment equipment market growth over the estimated time frame. Compact air treatment is thought to be an outstanding choice while putting resources into a compressor since this treatment equipment not just protects the system from all types of contaminants yet in addition enhance the system productivity and increase system life by decreasing erosion and rust which is one of the major factors that boost the market development. Moreover, the availability of superior filters that help to reduce pressure loss by around 40-50 percent is accomplished through an enhanced filter design matched with creative filtration technology, which is foreseen to spur the product demand extensively in the upcoming years.
On the basis of product the Compressed Air Treatment Equipment market is segmented into Filters, Aftercoolers and Dryers. On the basis of application the market is segmented into Process Air, Breathing Air, Instrument Air, and Plant Air/Shop Air. On the basis of end user the market is segmented into Industrial, Healthcare, Chemical, Aerospace, Paper, Food & Beverage, Steel and Automotive. The major players in the market are Ingersoll-Rand plc, Gardner Denver Inc., and Parker Hannifin Corp. Geographically, the market is segmented into Europe, Asia Pacific, North America and Rest of the world.
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Key findings of the Compressed Air Treatment Equipment market
- The global compressed air treatment equipment market is anticipated to witness significant growth in the upcoming years which is majorly due to the rising importance of treated compressed air in many production facilities.
- In 2016 Dryers developed as the biggest product section and is primarily driven by an expanded requirement for refrigerated air dryers attributable to their capacity to give constant drying at a surrounding temperature and guaranteeing proficient execution through a low upkeep design.
- In 2016 the requirement for compressed air treatment equipment in the food & beverage area was the most elevated; a pattern anticipated that would proceed throughout the following years, basically attributable to the need to cling to strict cleanliness confinements that administer the business.
- Asia Pacific represented almost 30 percent of the general income share in 2016 and is anticipated to command the market throughout the following couple of years.