Compressed Air Treatment Equipment Market to achieve 6%+ growth over 2017-2024
SELBYVILLE, Del., Aug. 6, 2018
SELBYVILLE, Del., Aug. 6, 2018 /PRNewswire-iReach/ -- Compressed air treatment equipment market is one of those burgeoning business spaces where strategic collaborations quite prudently outline the sustainability quotient of the market giants. Atlas Copco, the Swedish giant, that is claimed to constitute almost one tenth of the competitive spectrum of compressed air treatment equipment market, has undertaken a plethora of acquisitions over the recent years, to expand its geographical reach and product enhancement.
According to a new growth forecast report by Global Market Insights, Inc. "Compressed air treatment equipment market size will likely surpass USD 11 billion by 2024 with CAGR of over 6%."
The latest acquisition where the Swedish conglomerate has acquired the compressor business of Glauber Equipment Corporation, has been reported to be the most fruitful deal for the organization in terms of ROI and profitability. Allegedly, through this deal, Atlas Copco got direct access to Glauber Equipment Corporation's extensive consumer reach in compressed air treatment equipment industry. Few of the other names contending a strong portfolio in competitive hierarchy of the industry include Gardner Denver, Ingersoll-Rand, Kaeser Kompressoren, Van Air, Parker Hannifin, and Donaldson Company.
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Speaking along the similar lines, food manufacturers need to initiate written food safety management system (FSMS) based on HACCP principles to maintain these hygiene legislations. The fact that compressed air supply is closely linked to food sector, it stands out to be a vital aspect taken into consideration by the compressed air treatment equipment market players. As per estimates, overall compressed treatment equipment industry share from food and beverage application is expected to witness 6.5% CAGR over 2017-2024.
The profitability landscape of compressed air treatment equipment market is forecast to be positively high, given the extensive deployment of these products in today's automated production units. Compressed air, rightly dubbed as 4th utility, is used as a safe and reliable power source in approximately 90% of the food companies in some aspect or the other. It is therefore of sheer importance that the quality of the air is maintained, subject to the fact that untreated air contains harmful contaminant, which if not properly processed, might as well lead to health hazards. In response to this alarming call, tech giants are continuously bringing up innovative treatment techniques, which by extension is spurring compressed air treatment equipment industry share.
Incessant product innovations by renowned giants along with a strict regulatory groundwork is certain to bring out a positive change in compressed air treatment equipment market. In addition, rapid industrialization across major economies, especially under APAC belt is expected to complement the business growth. Primarily backed by the strong pipeline of constructional projects spanning across nations like Indonesia, China, Japan, the demand for compressed air treatment equipment market in APAC belt is expected to upsurge in the coming years
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Partial Chapters of the Table of Contents:
Chapter 2. Executive Summary
2.1. Compressed air treatment equipment market 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-user trends
2.1.5. Regional trends
Chapter 3. Compressed Air Treatment Equipment Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.2. Industry pitfalls & challenges
3.5. Technology landscape
3.6. Raw material analysis
3.7. Regulatory landscape
3.8. Cost structure analysis
3.9. Innovation & sustainability
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Company market share, 2016
3.12.1. Strategic dashboard
3.13. PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Jignesh Thakkar, Global Market Insights, Inc., +13028467766, email@example.com
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SOURCE Global Market Insights, Inc.