The report provides analysis of global Compressed Air Treatment Equipment market for the period 2016-2026, wherein 2019 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global Compressed Air Treatment Equipment market is expected to grow at noteworthy CAGR around 6.7% throughout the forecast period and reach around US$ 12.13 billion by 2026, in several manufacturing industries, due to the increased need for compressed air treatment. Due to the increased demand for cooled dryers as a result of their ability to ensure the quality of the final products and to provide dry air necessary to extend the life of the appliances, the dryers segment played an important role in 2018.
The increasing use of such equipment is expected to fuel the demand of the market in various sectors such as health and pharmaceutical services, food and beverages, and electronics and semi-conductive industries. In the manufacturing sector this equipment is mainly used for various tasks, including vacuum, valve operation, packing, spray covering and cleaning. The use of clean and dry air reduces operational costs and ensures cost-effective and efficient production. Due to hygiene, as well as safety concerns, compressed Compressed Air Treatment Equipment is commonly used in food industry. The proliferation of this equipment is likely to drive industrial demand in the medical sector.
The widespread use of this medical equipment is likely to drive demand in the industry. Prevents harm caused to manufacturing equipment such as air instruments, air motors, valves, cylinders and corrosion from pollutants such as oil, dirt, humidity or water. Furthermore, lack of these filters could lead to a decrease in production and damaged, spoiled or reworked products, together with increased production costs. It also helps to reduce pressure drop and energy.
One of the biggest contributors to the market of compressed Compressed Air Treatment Equipment is rapid industrial expansion in the Asia Pacific region. Countries like India, China, Japan and Indonesia have experienced huge growth in recent years and will be developing exceptionally in the next decade. In addition, in the forecast period, continuous improvements to China and India's chemical and pharmaceutical industries will further boost the market in compressed air treatment devices.
Compressed Air Treatment Equipment Market by Product
Compressed Air Treatment Equipment Market by End Use Industry
Global Compressed Air Treatment Equipment Market, by Geography
The market research study on “Compressed Air Treatment Equipment Market (By Product: Filter, Aftercoolers, Dryers, Others; By End Use Industry: Chemical, Food & Beverage, Paper, Healthcare, Pharmaceuticals, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Compressed Air Treatment Equipment market segments with market dynamics and their impact. The report provides insights on global Compressed Air Treatment Equipment market by product, end use industry and major geographic regions. The report also covers basic technology development policies.
The Compressed Air Treatment Equipment market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Parker Hannifin Corp.; Ingersoll-Rand PLC; and Gardner Denver, Inc. among others.
Some companies do vertical integration on design and production level to a large extent, although only one aspect of the value chain is the focus of most manufacturers. In addition, they focus on increasing their local and international reach to gain a competitive advantage.