Compressed Air Treatment Equipment Market Size Is Anticipated To Reach $11.2 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.

According to a report by Grand View Research, Inc., global compressed air treatment equipment market is anticipated to value USD 11.2 billion by 2025. Growing requirement for clean compressed air in manufacturing facilities is anticipated to propel demand for compressed air treatment equipment over the forecast period (2014 to 2025). Such equipment are expected to reduce humidity present in compressed air and offer clean and dry air.

Rising demand for advanced equipment that can keep compressed air system in shape can augment market growth. Increasing use of compressed air treatment to remove humidity and reduce energy costs can stimulate growth of market. Compressed air coming out of compressor is expected to contain particulate, moisture, and hydrocarbons. In addition, it can also contain contaminants like wear particles and oil carryover present inside compressor. This, in turn, can propel demand for advanced equipment that can remove these contaminants and deliver clean air. Moreover, shifting preference for compressors offering air treatment can protect these equipment from corrosion and enhance system efficiency. This factor can further influence market growth during the forecast period. 

Full Research Report On Compressed Air Treatment Equipment Market Analysis: www.grandviewresearch.com/industry-analysis/compressed-air-treatment-equipment-market

China compressed air treatment equipment market by product, 2014 – 2025 (USD Million)

The worldwide compressed air treatment equipment market can be segregated on the basis of product, end-use, and region. Based on product, the market can be categorized into dryers, filters, aftercoolers, and others. In 2016, dryers and filters dominated the market and accounted for 60% of global market share. Filters are likely to offer high performance, safety, flexibility, and ease of use. Technological advancements in filters in terms of design and filtration technology can fuel product demand during the forecast period. In addition, increasing use of innovative sensors in dryers can automate manufacturing processes and increase production quality while reducing direct cost.  

Based on end-use, the market can be classified into paper, chemical, food & beverage, healthcare, pharmaceutical, and others. In 2016, food and beverage segment dominated the market and accounted for 25% of global revenue. Rising demand for clean air during processing and packaging of food products can spur growth of segment.

Regional segmentation includes Europe, North America, Asia Pacific, South America, and Middle East & Africa. In 2016, Asia Pacific region accounted for 30% of global market share in terms of revenue. The region is predicted to witness highest market share during the forecast period. Increasing number of food & beverage and chemical manufacturing companies can propel regional growth. In addition, use of clean and dry air can extend life span of machines and enhance product quality. This factor can also augment demand for compressed air treatment equipment in manufacturing companies.

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Global compressed air treatment equipment market by end-use, 2016 (%)

In North America, the market is anticipated to witness significant growth during the forecast period owing to increasing number of food processing companies in the region. Rising demand for compressed air treatment equipment in food processing companies to reduce humidity can influence market growth. Presence of water vapor in food processing companies can propel fungal and microbial growth attributed to moisture. Use of compressed air can reduce moisture content in the air and hence prevent microbial and fungal growth. This factor can stimulate regional growth over the forecast period.

Europe is estimated to witness growth at CAGR of 5.5% from 2017 to 2025 attributed to rising product demand from medical sector. Stringent regulations pertaining to use of compressed air in manufacturing processes can fuel market growth in the region. In addition, rising penetration of manufacturing companies to Eastern Europe can augment regional growth in the forthcoming years.

In South America, the market is predicted to grow well over the forecast period attributed to growth of food processing sector in the region. Increasing use of compressed air to maintain moisture level in companies related to food processing can impel market growth.

Some of the leading companies operating in the market for compressed air treatment equipment are Chicago Pneumatic, Beko Technologies, Atlas Copco Corporation, Boge Compressors, and Gardner Denver. Few market players are likely to adopt vertical integration at production and design levels. In addition, companies can also focus on business expansion to increase their local and international reach.

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 filter/pre-filter

  • Coalescing filter/oil removal

  • Adsorber filter/oil vapor removal

  • Filtered centrifugal separator

  • High temperature afterfilters

  • Moisture separators

• Dryers

  • Refrigerated dryers

  • Desiccant dryers

  • Membrane dryers

  • Deliquescent dryers

• Aftercoolers

• Others

Compressed Air Treatment Equipment End-use Outlook (Revenue, USD Million; 2014 – 2025)

• Chemical

• Paper

• Food & beverage

• Pharmaceutical

• Healthcare

• Others

Compressed Air Treatment Equipment Regional Outlook (Revenue, USD Million; 2014 – 2025)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

• Asia Pacific

  • China

  • India

  • Japan

• South America

  • Brazil

• Middle East & Africa

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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, 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 information: www.grandviewresearch.com

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