30-July-2019: 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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Further key findings from the study suggest:
·
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
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
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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