Compressed Air Treatment Equipment Market: Regional Revenue, Growth & Trends Analysis, 2021-2027
The compressed air treatment equipment market is set to observe growth rate of over 5.6% till 2027. The compressed air treatment equipment industry is expected to register sizable growth over the coming years credited to speedy automation and industrialization. Industrial development in emerging economies like India and China could fuel product demand. Constant requirement of moisture-free and clean compressed air to increase the life of expensive machinery in manufacturing plants may further boost industry expansion.
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There is a rise in the usage of drain traps, condensate treatment equipment, and air purifiers. Compressed air systems use air purifiers to give breathing air for a range of applications. The purifiers help in the reduction of contaminants such as carbon dioxide, carbon monoxide, atmospheric dirt, and microorganisms from the compressed air to make it breathable. Stringent government rules regarding disposable condensate is estimated to drive the demand for condensate treatment equipment.
Firms operating in this market are working on new products and technologies. For example, in 2017, manufacturer of filtration systems and parts, Donaldson introduced advanced sterile air filters with its new P-SRF line, that offers reduced production costs and enhanced air purification for product processing and packaging.
The compressed air treatment equipment market from food & beverage segment is expected to record a CAGR of more than 5.5% owing to increasing worldwide demand for packaged food and snacks, as well as a surge in automation. This emerging trends are likely to raise the dependency of manufacturers on clean and food standard compressed air for vacuum generation, spray coating, cleaning bottles, and dehydration.
The instrument air application segment is projected to experience substantial growth on account of the rising dependency on industrial automation in the manufacturing environment globally. Instrument and pneumatic devices need purified, clean and dry compressed air for danger-free operations in chemical factories, sewage treatment, power plants, general manufacturing plants, automotive manufacturing & assembling plants.
The North America compressed air treatment equipment market is likely to exhibit promising growth owing to the general manufacturing industries and maturing automotive sector in the country. The pharmaceutical, chemical and healthcare industries are also anticipated to drive product demand. Given to continuous developments and innovations in the medicine sector, along with increasing awareness about new drugs, the need for compressed air treatment equipment could incite across the region’s healthcare sector.
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Some Point from Table of Contents:
Chapter 5 Compressed Air Treatment Equipment Market, By Application
5.1 Global compressed air treatment equipment market, by application insights
5.2 Plant air/shop air
5.2.1 Market estimates and forecast, 2017 – 2027, (Thousand Units) (USD Million)
5.2.2 Market estimates & forecast, by region, 2017 – 2027 (Thousand Units) (USD Million)
5.3 Instrument air
5.3.1 Market estimates and forecast, 2017 – 2027, (Thousand Units) (USD Million)
5.3.2 Market estimates & forecast, by region, 2017 – 2027 (Thousand Units) (USD Million)
5.4 Process air
5.4.1 Market estimates and forecast, 2017 – 2027, (Thousand Units) (USD Million)
5.4.2 Market estimates & forecast, by region, 2017 – 2027 (Thousand Units) (USD Million)
5.5 Breathing air
5.5.1 Market estimates and forecast, 2017 – 2027, (Thousand Units) (USD Million)
5.5.2 Market estimates & forecast, by region, 2017 – 2027 (Thousand Units) (USD Million)
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